Insurance, Real Estate, and Financial Brokerage Managers
(NOC 0121)
in All ManagementInsurance, real estate and financial brokerage managers oversee the operation of departments or businesses that provide insurance, mortgage, real estate and investment services. They are responsible for business development and must make sure that their group reaches performance levels related to goals. They work for insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges.
Job Outlook
Good
Read more
Compared to: All Management
Hourly Pay
$25.48
Minimum$50.48
Median$87.18
MaximumAnnual Pay
$14,614
Minimum$71,461
Median$142,935
MaximumCompared to: All Management
Hourly Pay
$22.50
Minimum$43.80
Median$66.20
MaximumAnnual Pay
$10,632
Minimum$55,002
Median$124,014
MaximumAbout the job
Nature of work
Insurance, real estate and financial brokerage managers oversee the operation of departments or businesses that provide insurance, mortgage, real estate and investment services. They are responsible for business development and must make sure that their group reaches performance levels related to goals. They work for insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges.
Job duties
Insurance, real estate and financial brokerage managers:
- Insurance managers oversee the operations of an organization or department that provides car, truck, fire, life, property or other types of insurance services.
- Real estate service managers oversee the operations of a company or department that buys, sells and leases residential and commercial properties for clients.
- Mortgage broker managers oversee the operations of a company or department that finds lenders or lending institutions on behalf of clients seeking a mortgage.
- Securities managers oversee the operation of a company or department that buys and sells stocks, bonds and other forms of investments on behalf of clients and manage the investments of their own clients.
Sample job titles
- bond sales manager
- brokerage manager - investments
- commodities trading manager
- financial brokerage manager
- insurance claims service manager
- insurance manager
- investment manager - financial brokerage
- mortgage broker manager
- real estate broker
- real estate service manager
- securities sales director
- trading floor manager
Skills
- You need strong leadership qualities and an ability to motivate others. You need excellent organizational, problem-solving, planning, and decision-making skills. You must have confidence and initiative, and you need excellent communication and interpersonal skills.
Job requirements
- A university degree or college diploma in business administration, economics or related field is usually needed.
- Several years of experience within the appropriate industry.
- Licensure related to the service sold like real estate, mortgage, securities or insurance, may be needed.
- A recognized professional designation is usually needed in the insurance industry.
Other considerations
- Advancement to senior management positions is possible with experience. There is no mobility between the different types of managers in this group.
By the numbers
Quick look
employed in 2016
employed full-time
self employed
median age
Compared to: All Management
employed in 2016
employed full-time
self employed
median age
Where will I likely work?
Halifax
$78,407 median annual incomeNorth Shore
$92,806 median annual incomeAnnapolis Valley
$57,223 median annual incomeSouthern
$39,536 median annual incomeCape Breton
N/ACompared to: All NS Occupations
Halifax
North Shore
Annapolis Valley
Cape Breton
Southern
Top Industries of Employment
Finance and insurance
Real estate and rental and leasing
Management of companies and enterprises
Construction
Retail trade
What is the age of Employment?
45-54
35-44
25-34
55-64
65+
15-24
Compared to: All Management
45-54
35-44
55-64
25-34
65+
Top levels of education
Bachelor
$81,295 median annual incomeCollege Diploma
$66,678 median annual incomeHigh school
$48,507 median annual incomeMaster
$92,836 median annual incomeTrade Certification
$74,880 median annual incomeCompared to: All Management
Bachelor
$71,875 median annual incomeHigh school
$42,294 median annual incomeCollege Diploma
$50,256 median annual incomeMaster
$93,261 median annual incomeTrade Certification
$44,396 median annual incomeEducation & training
Business Administration and Management
College, Trades, or University ProgramThese programs prepare students to plan, organize, direct, and control the functions and processes of a firm or organization. They include courses in management theory, human resources management and behaviour, accounting and other quantitative methods, purchasing and logistics, organization and production, marketing, and business decision-making.
Institutions providing this program
Lower Sackville, NS
Halifax, NS
Wolfville, NS
Sydney, NS
Truro, NS
Various, NS
Business/Commerce
College, Trades, or University ProgramThese programs focus on the general study of business, including the processes of interchanging goods and services (buying, selling and producing), business organization, and accounting as used in profit-making and non-profit public and private institutions and agencies. They prepare students to apply business principles and techniques in various occupational settings.
Institutions providing this program
Economics
College or University ProgramThese programs focus on the systematic study of the production, conservation and allocation of resources in conditions of scarcity, together with the organizational frameworks related to these processes. They include courses in economic theory, microeconomics and macroeconomics, comparative economic systems, money and banking systems, international economics, quantitative analytical methods, and applications to specific industries and public policy issues.
Institutions providing this program
Wolfville, NS
Sydney, NS
Finance
College or University ProgramThese programs prepare students to plan, manage, and analyse the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. They include courses in principles of accounting, financial instruments, capital planning, funds acquisition, asset and debt management, budgeting, financial analysis, and investments and portfolio management.
Institutions providing this program
Wolfville, NS
Sydney, NS
Various, NS
International Business
College or University ProgramThese programs prepare students to manage international businesses and/or business operations. They include courses in the principles and processes of export sales, trade controls, foreign operations and related problems, monetary issues, international business policy, and applications to doing business in specific countries and markets.
Institutions providing this program
Various, NS
Employment requirements & contacts
Regulations
Right to Title and Practice: This job is regulated. The job title is protected, and you may not use it without a professional licence. A licence shows that the holder has met provincial requirements and is required to legally do this work.
Right to Title and Practice: This job is regulated. The job title is protected, and you may not use it without a professional licence. A licence shows that the holder has met provincial requirements and is required to legally do this work.
Right to Practice: This job is regulated in Nova Scotia. A licence shows that the holder has met provincial requirements and is required to legally do this work.
Right to Practice: This job is regulated in Nova Scotia. A licence shows that the holder has met provincial requirements and is required to legally do this work.
Right to Practice: This job is regulated in Nova Scotia. A licence shows that the holder has met provincial requirements and is required to legally do this work.
Not Provincially Regulated: This job may be regulated by a federal regulatory body.
Contacts
Additional resources
There are no additional resources for this occupation.