Demand in Canada for Insurance, Real Estate, and Financial Brokerage Managers in 2024

Manmeet Kaur
[Published 02 Aug, 2023 | 11:37 AM]
About Author - 7 min read
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The high demand in Canada for Insurance, Real Estate, and Financial Brokerage Managers has opened many job vacancies, and are looking for skilled immigrants to fill in the labor gaps. This demand has been growing and is continuing to grow in the upcoming years, creating more jobs under TEER 10020.

Working in Canada also gives candidates a chance for career advancement, meaning they can expand their skills and take on new challenges as Insurance, Real Estate, and Financial Brokerage Managers. Many jobs are available in the employment areas like stockbrokers, insurance companies, investment dealers, real estate firms, mortgage brokers, and security and commodity exchanges.

Getting a permanent residence is the best way to move to Canada and kick-start your career as an Insurance, Real Estate, and Financial Brokerage Manager. In addition, avail the various benefits of being a PR holder like free healthcare, quality of life, free education, and more.

Check Eligibility for Canada PR as an Insurance, Real Estate, and Financial Brokerage Manager

Keep reading to know more about salaries, job duties, employment requirements, and steps to improve your chances of getting a job.

Are jobs available for Insurance, Real Estate, and Financial Brokerage Managers in Canada?

Canada has many jobs available for Insurance, Real Estate, and Financial Brokerage Managers. Over the period between 2022 and 2031, there will be 13,200 new job openings for Insurance, Real Estate, and Financial Brokerage Managers, and around 14,400 job seekers are expected to fill these positions. If you have relevant work experience and skills, getting a job under TEER 10020 will be easier.

Here are different job titles for Insurance, Real Estate, and Financial Brokerage Managers -

• Bond Sales Manager
• Brokerage Manager - Investments
• Commodities Trading Manager
• Financial Brokerage Manager
• Insurance Claims Service Manager
• Insurance Manager
• Investment Manager - Financial Brokerage
• Mortgage Broker Manager
• Real Estate Service Manager
• Securities Sales Director
• Trading Floor Manager
• Real Estate Developer

Employment Requirements

Check your eligibility for working in Canada using a CRS score calculator, which assesses your age, work experience, language proficiency, education, and more. To get a job in Canada as Insurance, Real Estate, and Financial Brokerage Manager, you must fulfill the following employment requirements -

• A college diploma or university degree in economics, business administration, or similar field. 
• Multiple years of work experience with the relevant industry.
• Licensure relevant to the service sold, such as securities, mortgage, real estate, or insurance.
• An acknowledged financial designation may be needed (CFA, CFP, CIM, or others) in the securities and investment industries.
• A recognized professional designation is required in the insurance industry.

Average Salary of Insurance, Real Estate, and Financial Brokerage Managers in Canada

As the competition for Insurance, Real Estate, and Financial Brokerage Managers in Canada is high, the salaries are also higher. An average person working in this industry can earn between $57,200 and $148,300 per annum. However, it can vary depending on the location, specialization, and experience.

Duties of Insurance, Real Estate, and Financial Brokerage Managers

• Insurance managers are responsible for planning, organizing, directing, controlling, and evaluating the operations of a department or organization that provides fire, life, automobile, and other insurance services.
• Real estate service managers are accountable for planning, managing, leading, supervising, and assessing the functions of a department or establishment that buys, sells, and leases residential and commercial properties for clients.
• Mortgage broker managers are responsible for preparing, organizing, directing, controlling, and evaluating the processes of an organization or department that discovers lenders or lending institutions on behalf of clients looking for a mortgage.
• Securities managers are liable for planning, organizing, directing, directing, and assessing the operation of an establishment or department that buys and sells bonds, stocks, and other forms of investments on behalf of a person or institutional clients and handles the investments of their own customers.

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Steps to Get a Job as an Insurance, Real Estate, and Financial Brokerage Manager

Follow the steps given below to get a job in Canada as an Insurance, Real Estate, and Financial Brokerage Manager -

• Work on your skills

Canadian working standards will be different from that of your home country. So, to stand out from the crowd, improve your skills and stay updated about your industry and Canadian market to get a job in Canada.

• Build a robust portfolio

Creating a strong portfolio might impress your employer as it is the first thing they will see before interviewing you. So, include achievements and projects showcasing your skills like planning, managing, and assessing the operations of a department.

• Connect with other professionals

Build strong professional relationships online with those in your industry to get recommendations and better job prospects.

• Apply for jobs

Portals like LinkedIn are a very great source to apply for jobs for relevant positions. Remember to customize your resume and cover letter, highlighting your skills and achievements.

• Prepare for interviews
  

It is difficult to guess what the hiring manager is going to ask you. So make a list of common questions they might ask you and practice. Being confident is the key.

• Obtain required work permits

After acquiring a valid job offer, you must know which permits or visas to obtain to work in Canada legally. Therefore, it is better to consult a qualified immigrant expert who can guide you through the process.

Ways to Move to Canada as an Insurance, Real Estate, and Financial Brokerage Manager

Various pathways are provided by the Canadian government for skilled workers to move to the country and boost their economy and fill labor gaps. You can apply for Canada PR from India with the listed pathways -

• Express Entry’s Federal Skilled Worker Program
• Ontario Human Capital Priorities Stream
• British Columbia PNP Tech
• Alberta Accelerated Tech Pathway

How can we help?

Having assisted thousands of individuals obtain Canada PR visas from India, Nationwide Visas has earned a top spot in the immigration industry. 16+ years of experience, qualified immigration experts, and testimonials make Nationwide Visas one of the best Canada immigration consultants. We assess your case carefully and suggest you the best course of action. So why wait? Contact us today.