Kickstart your Career as a Financial Expert in Canada

Manmeet Kaur
[Published 21 Dec, 2023 | 12:29 PM]
About Author - 6 min read
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Kickstarting your financial career in Canada is an exciting journey towards a brighter future. However, to pave the way for success in the finance world, it is important to follow key steps that will set you on the right path. Whether you are just starting or looking to enhance your financial skills, applying for permanent residency through Express Entry Canada 2024 is your best option.

In this guide, we'll explore the demand for financial professionals, various job opportunities, key designations, requirements, and the lucrative salaries that come with a career in finance.

Let’s dive in.

Demand for Finance Professionals in Canada

Canada’s financial sector is a cornerstone of its economy, which is consistently evolving and adapting to global trends. As the country continues to grow, the demand for financial professionals remains strong, so much so that around 23,700 new jobs are expected to open over the period 2022-2031.

From banking and investment to accounting and financial planning, the Canadian job market offers diverse avenues for those looking to build a successful financial career in Canada.

Job Opportunities in the Financial Sector

As a finance professional in Canada, you can explore various job roles classified by NOC codes such as financial managers, banking, credit, and other investment managers, financial auditors and accountants, financial and investment analysts, and more.

Employment Requirements to Work As A Finance Professional

To get a job in the financial sector, you need to fulfill the Canada PR eligibility requirements, based on the following factors -

• Education

Having a strong educational background is necessary to start your financial career in Canada. Many financial roles require a bachelor's or master's degree in finance, accounting, economics, or a related field. Also, professional certifications such as CPA, CFP, or CFA are often preferred.

• Work Experience

You must have a minimum of 2 years of experience in financial activities like auditing, budgeting, accounting, and financial planning. For instance, if you’re applying for the role of an accounting manager in Canada, you need a recognized accounting designation like CPA, CA, CPA, CMA, or CPA, or CGA. Similarly, if you wish to become a treasury or corporate finance manager, an acknowledged financial role such as CFA, CFP, or CIM is required.

• Language Proficiency

Canadian employers prefer candidates who have a good grip on English or French language. To prove your proficiency, you need to score higher in the language tests like IELTS (English) or TEF (French).

• Adaptability

If you have a spouse, common-law partner, or relative living in Canada, you can get 10 additional points for Express Entry Canada.

• Age

Candidates within the age bracket of 18 and 35 get the maximum points under this factor. After 35, you start to lose a point with each passing year till you reach 45, the last age to apply for permanent residency.

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Salaries in the Financial Sector in Canada

The high demand in Canada’s financial sector means more competitive salaries, leading to more opportunities for career growth and development. Salaries in the Canadian financial sector vary based on experience, education, and job role.

• Entry-Level Positions

Fresh finance graduates in Canada can earn between CAD 50,000 to CAD 70,000 annually in roles such as financial analysts, junior accountants, and banking associates.

• Mid-Level Positions

After gaining a few years of experience in the financial industry, you can earn salaries ranging from CAD 70,000 to CAD 100,000 or more in roles such as financial analysts, CPAs, and CFPs.

• Senior Management and Specialized Roles

Senior management positions, such as finance directors and investment managers, can earn salaries exceeding CAD 100,000, with some positions reaching well into the six-figure range.

Canada’s financial sector has a plethora of opportunities for individuals looking to start a rewarding career. With diverse roles, high demand for skilled professionals, and competitive salaries, pursuing a financial career in Canada is a promising path.

To make your transition smoother, connect with the Best immigration consultants in Bangalore, Nationwide Visas, who can pave the way for a successful and fulfilling career in the Great White North through guidance and personalized services.

So what are you waiting for? Start your process today!

Read More on Quora:- How easy is it for an Indian to get a job in Canada?