Account Manager, Bank Manager, Banker, Investment Analyst, Personal Banker
In Canada, the federal government groups and organizes occupations based on a National Occupational Classification (NOC) system. This alis occupation may not reflect the entire NOC group it is part of. Data for the NOC group can apply across multiple occupations.
The NOC system is updated every 5 years to reflect changes in the labour market. Government forms and labour market data may group and refer to an occupation differently, depending on the system used. Here is how this occupation has been classified over time:
| Starting | $35.81 |
|---|---|
| Overall | $49.11 |
| Top | $67.74 |
Interest in co-ordinating information to direct and control the branch operations of financial institutions or of departments within such institutions that are responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates and other financial activities; and in approving or rejecting loan and credit applications, and recruiting personnel and identifying their training needs
Interest in ensuring that institutional policies and procedures are followed according to established guidelines, and in monitoring credit investigations and processing loan applications
Interest in negotiating with other managers, representatives of financial and other institutions and staff to arrive at decisions; and in networking to develop business relations
The interest code helps you figure out if you’d like to work in a particular occupation.
It’s based on the Canadian Work Preference Inventory (CWPI), which measures 5 occupational interests: Directive, Innovative, Methodical, Objective and Social.
Each set of 3 interest codes is listed in order of importance.
A code in capital letters means it’s a strong fit for the occupation.
A code in all lowercase letters means the fit is weaker.
Banking and investment managers are responsible for the success of their departments or branches. Duties and responsibilities vary from one department and institution to another but, in general, banking and investment managers:
Bank managers in small branches may supervise banking procedures directly and process loan applications. In larger branches, managers supervise the work of account managers and other banking representatives.
Banking and investment managers in all circumstances must keep up to date with changes (for example, new legislation) that affect their industry and work in close co-operation with advertising and sales departments. They are sometimes required to represent their organizations in the community and are often involved in service clubs and volunteer work.
Banking and investment managers often work extended hours. Some travel may be required to visit customers. Particularly at the beginning of their careers, they may be required to move frequently.
Banking and investment managers need to possess:
They should enjoy supervising and co-ordinating the work of others, having clear rules and methods to guide their activities, and working with people.
Many bank managers have worked their way up by gaining experience in management trainee and junior management positions. However, employers generally prefer to hire applicants who have a related university degree or post-secondary diploma. Managers who specialize in areas such as credit management, selling investments or financial planning must have appropriate training (for more information, see the Credit/Loans Manager, Financial Planner and Investment Advisor occupational profiles).
Most organizations have extensive training programs that allow trainees to work their way up through the ranks. Post-secondary graduates may complete this training in less time than those without post-secondary education.
Commerce, business administration and related degree and diploma programs are offered by post-secondary schools throughout Alberta.
The following schools offer programs or courses that are related to this occupation but are not required to enter the field.
For a broad list of programs and courses that may be related to this occupation try searching using keywords.
Certification is not required, as there is currently no legislation regulating this occupation.
Banking and investment managers are employed by:
Advancement opportunities vary depending on the size and type of company. Some employers prefer to train their own personnel and promote from within.
Banking/investment managers are part of the larger 2011 National Occupational Classification 0122: Banking, credit and other investment managers. In Alberta, 90% of people employed in this classification work in the Finance, Insurance, Real Estate and Leasing (PDF) industry.
The employment outlook (PDF) in this occupation will be influenced by a wide variety of factors including:
Over 4,500 Albertans are employed in the Banking, credit and other investment managers occupational group. This group is expected to have a below-average annual growth of 1.3% from 2016 to 2020. As a result, 59 new positions are forecast to be created each year, in addition to job openings created by employment turnover. Note: As banking/investment managers form only a part of this larger occupational group, only some of these newly created positions will be for banking/investment managers.
Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.
| Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
|---|---|---|---|---|
| Starting | $20.56 | $58.65 | $35.81 | $32.97 |
| Overall | $24.67 | $79.15 | $49.11 | $49.12 |
| Top | $28.57 | $104.40 | $67.74 | $76.92 |
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* All wage estimates are hourly except where otherwise indicated. Wages and salaries do not include overtime hours, tips, benefits, profit shares, bonuses (unrelated to production) and other forms of compensation.
Good Reliability, represents a CV of between 6.01% and 15.00% and/or fewer than 30 survey observations and/or if survey observations represent less than 50% of all estimated employment for the occupation.
| Retail Trade | $102,813 |
|---|---|
| ALL INDUSTRIES | $94,926 |
| Finance, Insurance, Real Estate, Leasing | $94,035 |
| Wholesale Trade | $90,758 |
Canadian Securities Institute website: www.csi.ca
For more information on career planning, education and jobs call the Alberta Supports Contact Centre toll-free at 1-877-644-9992 or 780-644-9992 in Edmonton, or visit an Alberta Supports Centre near you.
Updated Feb 20, 2017. The information contained in this profile is current as of the dates shown. Salary, employment outlook, and educational program information may change without notice. It is advised that you confirm this information before making any career decisions.