Job prospects Financial Consultant in the Wood Buffalo–Cold Lake Region

Green job Help - Green job – Help

Green job – Help

This job title belongs to an occupational group from the National Occupational Classification (NOC), which includes green jobs that contribute directly or indirectly to positive environmental outcomes (such as preservation, conservation and restoration). It does not mean that all positions with this job title are necessarily green jobs, but rather that they have the potential to be depending on their specific requirements. Learn more about Job Bank’s methodology for identifying green jobs.

Over the past few years (2022-2024), there was a labour shortage for Financial advisors in the Wood Buffalo–Cold Lake Region. There were more job openings than workers available to fill them in this occupation.

Source Labour Market Information | Recent Trends Methodology

The employment outlook will be Limited for financial advisors (NOC 11102) in the Wood Buffalo - Cold Lake region for the 2025-2027 period.

The following factors contributed to this outlook:

• Employment growth will lead to a few new positions.
• Not many positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

• Digital financial services and AI tools may put pressure on employee skill requirements.
• While Alberta's population growth should improve the demand for this occupation, employment opportunities remain sensitive to economic conditions within the province.
• Key trends for this occupation include artificial intelligence and robo-advising and an aging client population that seeks income rather than risk and accumulation.

Here are some key facts about financial advisors in the Wood Buffalo - Cold Lake region:

• Approximately 250 people worked in this occupation in May 2021.
• Financial advisors mainly work in the following sectors:
  • Finance, insurance and Real estate and rental and leasing (NAICS 52-53): 92%

Source Labour Market Information | Prospects Methodology