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Account Manager, Bank Manager, Branch Manager, Banker, Commercial Banking Account Manager, Financial Planner, Financial Services Account Manager, Personal Banker, Retail Banking Account Manager
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:
In Alberta, this occupation is part of 1 or more 2006 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
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
To identify or change your interest codes, complete the Interests Exercise in CAREERinsite.
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 for this NOC group 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.
To fill in or change the values for your abilities, complete the Abilities Exercise in CAREERinsite.
A Quick Guide
You are born with abilities that help you process certain types of information and turn it into action. These abilities influence which skills you can learn more easily.
The abilities or aptitudes shown for this NOC group come from the General Aptitude Test Battery (GATB). The GATB measures 9 aptitudes. It groups them into 3 categories: mental, visual, and physical.
The abilities scores range from 1 to 5, with 5 being stronger.
Banking and investment managers oversee the success of their departments or branches.
Duties and tasks vary from 1 department and institution to another. In general, banking and investment managers:
Bank managers in small branches may perform banking procedures directly. They may:
In larger branches, managers supervise the work of account managers and other banking representatives.
Banking and investment managers must keep up to date with changes (such as new legislation) that affect their industry. They work in close cooperation with advertising and sales departments. They are sometimes required to represent their organizations in the community. They often become involved in service clubs and volunteer work.
Banking and investment managers often work extended hours. They may sometimes need to travel to visit customers. At the beginning of their careers, they may be required to move often.
Banking and investment managers need:
They should enjoy:
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
This chart shows which job skills are currently in highest demand for this occupational group. It was created using this occupation's 10 most recent Alberta job postings, collected between Nov 26, 2021 and Jan 24, 2023.
Review these skills to learn:
| Tasks: Oversee the preparation of reports | 6 |
|---|---|
| Attention to detail | 5 |
| Tasks: Plan, organize, direct, control and evaluate daily operations | 5 |
| Tasks: Establish policies and procedures for assessing credit and loan applications | 5 |
| Tasks: Authorize loan and credit applications | 5 |
| Tasks: Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers | 5 |
| Construction Specialization: Flexibility | 4 |
| Tasks: Plan and control budget and expenditures | 4 |
| Area of Specialization: Collections | 3 |
| Area of Specialization: Loans and mortgages | 3 |
Many banking and investment managers have worked their way up by gaining experience in management trainee and junior management positions. Most companies have extensive training programs that allow trainees to work their way up through the ranks.
Most employers prefer to hire applicants who have a related university degree or post-secondary diploma. Post-secondary graduates may complete the in-house training in less time than those without post-secondary education.
Post-secondary schools throughout Alberta offer commerce, business administration, and related degree and diploma programs.
Managers who specialize in areas such as credit management, selling investments, or financial planning must have appropriate training. For more information, see the following occupational profiles:
The following schools offer programs or courses that are related to this occupation but are not required to enter the field.
To expand or narrow your search for programs related to this occupation, visit Post-Secondary Programs.
Completing a program does not guarantee entrance into an occupation. Before enrolling in an education program, prospective students should look into various sources for education options and employment possibilities. For example, contact associations and employers in this field.
Banking and investment managers need to be registered as compliance officers.
Under Alberta’s Securities Act [pdf], you must be registered with the Alberta Securities Commission (ASC) to deal in, advise on, and manage funds and securities.
For details, visit the ASC and Investment Industry Regulatory Organization of Canada (IIROC) websites.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Banking and investment managers work in:
Advancement opportunities vary depending on the size and type of company. Some employers prefer to train their own personnel and promote from within.
This section shows the industries where the majority of people in this occupation work. The data is based on the 2016 Census.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups.
In the 0122: Banking, credit and other investment managers occupational group, 81.8% of people work in:
Employment outlook is influenced by a wide variety of factors including:
In Alberta, the 0122: Banking, credit and other investment managers occupational group is expected to have a below-average annual growth of 1.7% from 2019 to 2023. In addition to job openings created by employment turnover, 78 new positions are forecasted to be created within this occupational group each year.
Note
NOC groups often include several related occupations. Although there is labour market data for the larger NOC group, this occupation makes up only a part of that group. It means data for this occupation may be different than the data shown. For example, only some of the new positions to be created will be for this occupation. It also applies to other data for the NOC group such as number of people employed.
Source: 2019-2023 Alberta Regional Occupational Demand Outlook
Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.
Some banking and investment managers receive annual bonuses. The amount usually depends on the branch’s activities and the manager’s performance.
In Alberta, this occupation is part of 1 or more 2016 National Occupational Classification (NOC) groups. If there are multiple related NOC groups, select a NOC heading to learn about each one.
Unless otherwise noted, the data shown here is for all industries and all regions in Alberta.
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.
To see the full survey data for this NOC group, visit the wage profile.
Other wage sources
To make an informed wage and salary decision, research other wage sources [pdf] to supplement this data.
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.
| Wages* | Low (5th percentile) | High (95th percentile) | Average | Median |
|---|---|---|---|---|
| Starting | $18.00 | $71.15 | $38.77 | $38.51 |
| Overall | $19.00 | $79.49 | $50.41 | $49.71 |
| Top | $20.00 | $120.00 | $61.71 | $63.08 |
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.
Pay brackets for hourly wages
| Retail Trade | $128,147 |
|---|---|
| Public Administration | $106,746 |
| ALL INDUSTRIES | $102,925 |
| Finance, Insurance, Real Estate, Leasing | $92,530 |
| Wholesale Trade | $83,150 |
Alberta Securities Commission (ASC) website: www.asc.ca
Canadian Securities Institute website: www.csi.ca
Investment Industry Regulatory Organization of Canada (IIROC) website: www.iiroc.ca
The Investment Funds Institute of Canada (IFIC) distance learning website: www.ifse.ca
Get information and referrals about career, education, and employment options from Alberta Supports.
Updated Mar 31, 2022. 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.
