Skip to the main content
This website uses cookies to give you a better online experience. By using this website or closing this message, you are agreeing to our cookie policy. More information
Alberta Supports Contact Centre

Toll Free 1-877-644-9992


The COVID-19 pandemic has impacted legislation and services. Information on this website may not reflect the current situation in Alberta. Please visit for up-to-date information about these impacts.

Banking/Investment Manager

Banking and investment managers plan and direct the activities of departments or branches in financial establishments such as banks, credit unions, trust companies, mortgage firms and mutual fund investment companies.

  • Avg. Salary $82,168.00
  • Avg. Wage $41.08
  • Minimum Education 2 years post-secondary
  • Outlook below avg
  • Employed 4,800
  • In Demand Medium
Also Known As

Account Manager, Bank Manager, Banker, Investment Analyst, Personal Banker

NOC Codes

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:

  • 2006 NOC: Banking and Other Investment Managers (0122.1) 
  • 2006 NOC-S: Banking, Credit and Other Investment Managers (A302) 
  • 2011 NOC: Banking, credit and other investment managers (0122) 
  • 2016 NOC: Banking, credit and other investment managers (0122) 
Skills Shortage

Employers that Recruited in the Last 2 Years

Average Wage
  • Certification Not Regulated
  • Strength Required Lift up to 5 kg
Interest Codes
The Banking/Investment Manager is part of the following larger National Occupational Classification (NOC).
Banking and Other Investment Managers

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

Reading Interest Codes
A Quick Guide

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.

Learn More

Updated Feb 20, 2017

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:

  • sell banking and investment products and services
  • identify customer needs and preferences by responding to questions and initiating customer interactions
  • clarify customers' long-term financial goals, and then provide information and present customized plans to help them achieve their goals
  • ensure that deposit, investment and loan sales and services meet regulatory and company policy requirements
  • follow security procedures and report any unusual or fraudulent activity
  • plan and budget for the operation of their establishments
  • direct procedures such as accepting loan applications and approving credit
  • develop customer service procedures
  • deal with customer complaints
  • manage staff and facilitate employee development
  • analyze economic conditions and market trends.

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.

Working Conditions
Updated Feb 20, 2017

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.

  • Strength Required Lift up to 5 kg
Skills & Abilities
Updated Feb 20, 2017

Banking and investment managers need to possess:

  • a high degree of personal integrity
  • sales ability (persistence and persuasion)
  • good communication skills
  • strong interpersonal skills
  • good judgment and problem-solving skills
  • strong leadership skills
  • the ability to work in a hectic environment and multi-task
  • an interest in and willingness to keep their knowledge up to date.

They should enjoy supervising and co-ordinating the work of others, having clear rules and methods to guide their activities, and working with people.

Educational Requirements
Updated Feb 20, 2017

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.

Related Education

The following schools offer programs or courses that are related to this occupation but are not required to enter the field.

Athabasca University

Northern Alberta Institute of Technology

University of Alberta

For a broad list of programs and courses that may be related to this occupation try searching using keywords.

Certification Requirements
Updated Feb 20, 2017

There is currently no provincial legislation regulating this occupation in Alberta.

Employment & Advancement
Updated Feb 20, 2017

Banking and investment managers are employed by:

  • banks
  • credit unions
  • trust companies
  • mortgage investment companies
  • securities firms.

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:

  • trends and events affecting overall employment (especially in the Finance, Insurance, Real Estate and Leasing industry)
  • location in Alberta
  • employment turnover (work opportunities generated by people leaving existing positions)
  • occupational growth (work opportunities resulting from the creation of new positions)
  • size of the occupation.

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.

Wage & Salary
Updated Feb 20, 2017

Banking, credit and other investment managers

Survey Methodology

Survey Analysis

Overall Wage Details
Average Wage
Average Salary
Hours Per Week

Hourly Wage
For full-time and part-time employees
  • Low
  • High
  • Average
  • Median
Wages* Low (5th percentile) High (95th percentile) Average Median
Starting $18.35 $56.67 $33.01 $30.81
Overall $19.23 $77.28 $41.08 $34.72
Top $20.43 $137.02 $49.75 $38.46

Swipe left and right to view all data. Scroll left and right to view all data.

* 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.

B: Good Reliability
Data Reliability Code Definition

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.

Industry Information
Retail Trade
Public Administration
Wholesale Trade
Finance, Insurance, Real Estate, Leasing

Skills Shortage

Employers that Recruited in the Last 2 Years


Recruiting Employers that Experienced Hiring Difficulties


Employers with Unfilled Vacancies of over 4 Months


Vacancy Rate

Related Post-Secondary Field of Study
  • Business, Management and Administrative Studies
Other Sources of Information
Updated Feb 20, 2017

Canadian Securities Institute website:

Get information and referrals about career, education, and employment options from Alberta Supports.

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.

Was this page useful?