Senior Financial, Communications, and Other Business Services Managers
(NOC 0013)
in All ManagementSenior managers in this group are usually appointed by a board of directors. They work either alone or with the board of directors to establish objectives for the company, and to develop or approve policies and programs. They manage the operations, through middle managers, of their organization in relation to objectives. They work throughout the telecommunications, finance, insurance, real estate, and data processing, hosting and related services industries as well as other business service industries or they may own their own business.
Job Outlook
Average
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Compared to: All Management
The employment outlook over the next few years for this occupational group is “average”, which indicates the chances of a qualified individual finding work is comparable to the average for all occupations in Nova Scotia. This is a fairly large occupation in Nova Scotia so job opportunities occur fairly regularly. The number employed in this occupation is expected to decline moderately over the next few years, which will likely limit the number of new opportunities available. With a large percent of workers being 55 years of age and older, retirements are expected to be a key contributor to employment opportunities over the coming years. Senior Managers in Financial, Communications, and Other Business Services most commonly work full-time hours. Also, a fair portion of the workforce is self-employed, so having the option to "work for yourself" may appeal to some individuals’ interests/motivations.
The median employment income for 73% of Senior Managers in Financial, Communications, and Other Business Services who worked full-time, year-round in 2015 was $123,390. Across all occupations in Nova Scotia, 59% of those who worked full-time year round had a median employment income of $43,600.
(Source: 2016 Census)
Hourly Pay
$19.63
Minimum$41.18
Median$79.49
MaximumAnnual Pay
$21,077
Minimum$116,662
Median$321,426
MaximumCompared to: All Management
Hourly Pay
$16.70
Minimum$45.17
Median$58.17
MaximumAnnual Pay
$10,632
Minimum$55,002
Median$124,014
MaximumAbout the job
Nature of work
Senior managers in this group are usually appointed by a board of directors. They work either alone or with the board of directors to establish objectives for the company, and to develop or approve policies and programs. They manage the operations, through middle managers, of their organization in relation to objectives. They work throughout the telecommunications, finance, insurance, real estate, and data processing, hosting and related services industries as well as other business service industries or they may own their own business.
Job duties
Senior managers in this group:
- Determine the company’s mission, strategic direction, and objectives and define or approve policies and programs.
- Approve and organize the creation of major departments and related senior staff positions.
- Assign material, human and financial resources to implement policies and programs.
- Create financial and administrative controls.
- Create and approve promotional campaigns.
- Approve overall staff planning.
- Select middle managers, directors or other executive staff.
- Coordinate the work of regions, divisions or departments.
- Represent the organization in negotiations or other official functions.
- Senior managers in this group may specialize in finance, marketing or human resources or in a service area.
Sample job titles
- chairperson
- chief executive officer (CEO)
- chief financial officer (CFO)
- chief operating officer
- corporate controller
- executive director
- general manager
- operations manager
- president
- vice-president
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 in business administration, commerce, computer science, or other discipline related to the service provided is usually required.
- Several years of experience as a middle manager in financial, communications or other business services are usually required.
- Specialization in a functional area or service is possible through university training in that area or through experience.
- Senior managers in finance usually need a professional accounting designation.
Other considerations
There is movement among senior management positions.
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
Cape Breton
North Shore
Annapolis Valley
Southern
Compared to: All NS Occupations
Halifax
North Shore
Annapolis Valley
Cape Breton
Southern
Top Industries of Employment
Professional, scientific and technical services
Finance and insurance
Real estate and rental and leasing
Administrative and support, waste management and remediation services
Information and cultural industries
What is the age of Employment?
45-54
35-44
55-64
65+
25-34
15-24
Compared to: All Management
45-54
35-44
55-64
25-34
65+
Top levels of education
Bachelor
$139,778 median annual incomeMaster
$120,931 median annual incomeCollege Diploma
$83,924 median annual incomeHigh school
$84,716 median annual incomeDiploma Above Bachelor
$169,987 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
Stellarton, NS
Port Hawkesbury, 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
Computer Science
College or University ProgramThese programs focus on computers, computing problems and solutions, and the design of computer systems and user interfaces from a scientific perspective. They include courses in the principles of computational science, and computing theory, computer hardware design, computer development and programming, and applications to a variety of end-use situations.
Institutions providing this program
Wolfville, NS
Development Economics and International Development
College or University ProgramThese programs focus on the systematic study of the economic development process and its application to the problems of specific countries and regions. They include courses in economic development theory, industrialization, land reform, infrastructural development, investment policy, the role of governments and business in development, international development organizations, and the study of social, health, and environmental influences on economic development.
Institutions providing this program
Wolfville, NS
Sydney, NS
Entrepreneurship/Entrepreneurial Studies
College, Trades, or University ProgramThese programs prepare students to carry out the development, marketing and management functions associated with owning and operating a business.
Institutions providing this program
Wolfville, 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
Law (LLB, JD, BCL)
University ProgramThese programs prepare students for the independent professional practice of common or civil law, for becoming a Quebec notary, for taking bar examinations, and for advanced research in jurisprudence. They include courses in the theory and practice of the legal system, including the statutory, administrative, and judicial components of civil and criminal law.
Institutions providing this program
Organizational Leadership
College or University ProgramThese programs focus on leadership skills that can be applied to a business, government, non-profit, or educational setting. They include courses in organizational planning, dynamics of leadership, finance, team building, conflict resolution and mediation, communication and other management skills.
Institutions providing this program
Employment requirements & contacts
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