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.

Investment Underwriter

Investment underwriters help governments and corporations raise capital by providing financial advice and underwriting or distributing new securities.

  • Avg. Salary $75,834.00
  • Avg. Wage $38.94
  • Minimum Education 6 years post-secondary
  • Outlook below avg
  • Employed 14,500
  • In Demand Medium
Also Known As

Banker, Corporate Underwriter, Investment Analyst, Public Finance Underwriter, Underwriter

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: Underwriters (1114.4) 
  • 2006 NOC-S: Other Financial Officers (B014) 
  • 2011 NOC: Other financial officers (1114) 
  • 2016 NOC: Other financial officers (1114) 
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 Investment Underwriter is part of the following larger National Occupational Classification (NOC).

Interest in obtaining information and documentation related to the underwriting of new issues of stocks, bonds and securities


Interest in analyzing regulations, terms and conditions to underwrite new issues of stocks and bonds and develop information brochures


Interest in negotiating with corporations and governments to determine the types and terms of new securities issued

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 Mar 31, 2017

When governments need to raise new money, they may borrow funds by issuing bonds. The money owed to bond holders is then repaid from taxes and other revenues collected over a number of years.

Corporations that need money can get it by issuing bonds, debentures or shares. Investment firms that offer underwriting services may buy securities at a fixed price with the goal of selling at a profit, or acting as agents.

The underwriting department, sometimes called the corporate finance department or the investment banking department, creates revenue by:

  • obtaining funds on terms that are suitable for the client and competitive with other products issued
  • ensuring that any new security is attractive to investors and well timed so the firm will be able to sell the entire offering.

To achieve these goals, investment underwriters must help their clients with financial planning for the future by:

  • recommending the best solution to a financing problem in a given circumstance
  • advising clients on which markets (Canadian, U.S., European) would be the most advantageous for raising the necessary funds.

Duties vary from one position to another but, in general, corporate underwriters:

  • look into the issuing company’s financial status, future outlook, earning capacity and management
  • analyze the value of assets that would be used to secure the new issue
  • review the condition of securities markets and other factors
  • decide whether the firm will use only its own sales force or try to reduce risk by bringing in more companies so the issue can be sold to a broader clientele
  • advise clients regarding matters such as debt load, balancing investment portfolios, mergers, acquisitions, asset sales and corporate reorganization.

They may also help the issuer complete a prospectus, which is a description of the company’s business of the company and the securities being sold. This must then be filed with the provincial securities commission before a new issue can be brought to the market.

In general, public finance underwriters assist federal, provincial and municipal governments to:

  • determine their future financial requirements
  • create bond or debenture issues that will offset the financial requirements identified.
Working Conditions
Updated Mar 31, 2017

Underwriting is a highly specialized occupation. It involves working long hours in an office environment, and working under the pressure of constant deadlines. Underwriting staff work apart from the rest of the firm, usually in head offices.

Depending on the firm, a considerable amount of national and international travel may be required.

  • Strength Required Lift up to 5 kg
Skills & Abilities
Updated Mar 31, 2017

Investment underwriters need:

  • perseverance
  • a degree of aggressiveness
  • an energetic personality
  • excellent communication and interpersonal skills
  • leadership skills
  • analytical skills
  • the ability to learn quickly
  • the ability to handle many projects at one time
  • the ability to maintain confidentiality

They should enjoy taking a methodical approach to gathering and analyzing information, finding innovative solutions, negotiating with others and directing the work of others.

Educational Requirements
Updated Mar 31, 2017

Securities firms hire investment underwriters who have related work experience and at least 1 of the following qualifications:

  • a master’s degree in business administration or management
  • a Chartered Financial Analyst (CFA) designation
  • a Chartered Business Valuator (CBV) designation
  • an accounting designation
  • a law (LLB) degree.

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

Certification Requirements
Updated Mar 31, 2017

Most firms require their investment underwriters to have completed the Canadian Securities Course (for more information, see the Investment Advisor occupational profile).

In addition, the CVB Institute offers the CBV designation to applicants who have business and securities valuation experience. Visit their website for details about the designation and its requirements.

Employment & Advancement
Updated Mar 31, 2017

Many investment firms prefer to train their own underwriting staff rather than hire someone trained elsewhere. Competition for underwriting positions often is keen. On-the-job training may include working for about a year under the supervision of senior underwriting staff, preparing analyses and attending meetings with clients. An apprenticeship period as a junior underwriter follows.

Competition also is keen for opportunities to advance to senior management positions.

Investment underwriters are part of the larger 2011 National Occupational Classification 1114: Other financial officers. This also includes financial planners, financial examiners and inspectors, financial investigators, trust officers and mortgage brokers. In Alberta, 87% 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

In Alberta, the 1114: Other financial officers occupational group is expected to have a below-average annual growth of 1.6% from 2019 to 2023. In addition to job openings created by employment turnover, 233 new positions are forecasted to be created within this occupational group each year.

Employment turnover is expected to increase as members of the baby boom generation retire over the next few years.

Wage & Salary
Updated Mar 31, 2017

Investment underwriters’ incomes are highly variable. Most underwriters are paid base salaries plus bonuses.

Other financial officers

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 $19.23 $45.69 $28.96 $25.48
Overall $21.92 $63.19 $38.94 $37.75
Top $23.90 $100.96 $53.83 $51.37

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
Educational Services
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 Mar 31, 2017

Canadian Securities Institute (CSI) website:

CBV Institute website:

Investment Industry Association of Canada (IIAC) website:

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

Updated Mar 31, 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?