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
Read more
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
Administrative and support, waste management and remediation services
Real estate and rental and leasing
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 incomeApprenticeship
$44,396 median annual incomeEducation & training
Business administration and management - General
This program may be offered at the college, trades, or university level.This instructional program class includes any program that generally prepares individuals to plan, organize, direct, and control the functions and processes of a firm or organization. These programs 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
800 Sackville Drive
Lower Sackville, NS B4E 1R8
(902) 463-6700
6960 Mumford Road, Suite 155-1st Floor Mumford Professional Centre
Halifax, NS B3L 4P1
(902) 455-3395
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
166 Bedford Highway
Halifax, NS B3M 2J6
(902) 457-6117
Siège Social: 1695, Route 1
Pointe-de-l'Église, NS B0W 1M0
(902) 769-2114
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
PO Box 5300 1250 Grand Lake Road
Sydney, NS B1P 6L2
(888) 959-9995
50 Elliott Road
Middleton, NS B0S 1M0
(902) 825-3491
PO Box 550, 1 Main Street
Springhill, NS B0M 1X0
(902) 597-3737
372 Pleasant Street
Yarmouth, NS B5A 2L2
(902) 742-3501
236 Belcher Street
Kentville, NS B4N 0A6
(902) 678-7341
75 High Street
Bridgewater, NS B4V 1V8
(902) 543-4608
PO Box 820, 39 Acadia Avenue
Stellarton, NS B0K 1S0
(902) 752-2002
226 Reeves Street
Port Hawkesbury, NS B9A 2A2
(902) 625-2380
PO Box 1042, 1240 Grand Lake Road
Sydney, NS B1P 6J7
(902) 563-2450
36 Arthur Street
Truro, NS B2N 1X5
(902) 893-5385
80 Mawiomi Place
Dartmouth, NS B2Y 0A5
(902) 491-1100
Unit 37, 115 Chain Lake Drive
Halifax, NS B3S 1B3
(877) 491-6774
Business/commerce - General
This program may be offered at the college, trades, or university level.This instructional program class includes any program that focuses 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. The program prepares individuals to apply business principles and techniques in various occupational settings.
Institutions providing this program
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
6350 Coburg Road
Halifax, NS B3H 2A1
(902) 422-1271
Siège Social: 1695, Route 1
Pointe-de-l'Église, NS B0W 1M0
(902) 769-2114
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
Computer science
This program is typically offered at the college or university level.This instructional program class includes any general program that focuses on computers, computing problems and solutions, and the design of computer systems and user interfaces from a scientific perspective. These programs 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
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
6350 Coburg Road
Halifax, NS B3H 2A1
(902) 422-1271
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
5685 Leeds Street
Halifax, NS B3K 2T3
(902) 491-6722
PO Box 1042, 1240 Grand Lake Road
Sydney, NS B1P 6J7
(902) 563-2450
Development economics and international development
This program is typically offered at the college or university level.This instructional program class includes any program that focuses on the systematic study of the economic development process and its application to the problems of specific countries and regions. These programs 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
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
6350 Coburg Road
Halifax, NS B3H 2A1
(902) 422-1271
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
PO Box 5300 1250 Grand Lake Road
Sydney, NS B1P 6L2
(888) 959-9995
Entrepreneurship/entrepreneurial studies
This program may be offered at the college, trades, or university level.This instructional program class includes any program that generally prepares individuals to perform development, marketing and management functions associated with owning and operating a business.
Institutions providing this program
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
6350 Coburg Road
Halifax, NS B3H 2A1
(902) 422-1271
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
Finance - General
This program is typically offered at the college or university level.This instructional program class includes any program that generally prepares individuals to plan, manage, and analyse the financial and monetary aspects and performance of business enterprises, banking institutions, or other organizations. These programs 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
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
166 Bedford Highway
Halifax, NS B3M 2J6
(902) 457-6117
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
923 Robie Street
Halifax, NS B3H 3C3
(902) 420-5400
PO Box 5300 1250 Grand Lake Road
Sydney, NS B1P 6L2
(888) 959-9995
21 Woodlawn Road
Dartmouth, NS B2W 2R7
(902) 491-4900
Law (LLB, JD, BCL)
This program is typically offered at the university level.This instructional program class includes any program that prepares individuals 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. These programs 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
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
Organizational leadership
This program is typically offered at the college or university level.This instructional program class includes any program that focuses on leadership skills that can be applied to a business, government, non-profit, or educational setting. These programs include courses in organizational planning, dynamics of leadership, finance, team building, conflict resolution and mediation, communication and other management skills.
Institutions providing this program
Office of the Registrar
Halifax, NS B3H 4R2
(902) 494-2450
166 Bedford Highway
Halifax, NS B3M 2J6
(902) 457-6117
PO Box 5000
Antigonish, NS B2G 2W5
(902) 867-2219
Unit 37, 115 Chain Lake Drive
Halifax, NS B3S 1B3
(877) 491-6774
Employment requirements & contacts
No regulating bodies were found under this occupation profile
Contacts
Additional resources
There are no additional resources for this occupation.
Related jobs
Job postings
There are currently no job postings for this occupation.