Senior Financial, Communications, and Other Business Services Managers

(NOC 0013)

in All Management

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 Outlook

Average

Read more

  • Estimate Decline sharply employment change, 2019-2021
  • Estimate 10 openings due to growth and retirements, 2018-2020
  • Estimate Moderate rate of unemployment in 2019

Compared to: All Management

  • Estimate -245 employment change, 2019-2021
  • Estimate 3210 openings due to growth and retirements, 2018-2020
  • Estimate rate of unemployment not available for these occupation.

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

Maximum

Annual Pay

$21,077

Minimum

$116,662

Median

$321,426

Maximum

Compared to: All Management

Hourly Pay

$16.70

Minimum

$45.17

Median

$58.17

Maximum

Annual Pay

$10,632

Minimum

$55,002

Median

$124,014

Maximum

About 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

1,115

employed in 2016

91.9%

employed full-time

26.5%

self employed

31.4%
Icons/female Created with Sketch.
68.6%
Icons/male Created with Sketch.
50.7

median age

Compared to: All Management

44,250

employed in 2016

91.2%

employed full-time

18.9%

self employed

40.5%
Icons/female Created with Sketch.
59.5%
Icons/male Created with Sketch.
48.7

median age

Where will I likely work?

72.8%

Halifax

8.5%

Cape Breton

7.6%

North Shore

7.1%

Annapolis Valley

4.0%

Southern

Compared to: All NS Occupations

47.0%

Halifax

15.6%

North Shore

12.9%

Annapolis Valley

12.7%

Cape Breton

11.8%

Southern

Top Industries of Employment

47.8%

Professional, scientific and technical services

25.6%

Finance and insurance

8.7%

Administrative and support, waste management and remediation services

8.7%

Real estate and rental and leasing

4.8%

Information and cultural industries

What is the age of Employment?

32.0%

45-54

24.0%

35-44

22.0%

55-64

13.0%

65+

8.0%

25-34

1.0%

15-24

Compared to: All Management

30.7%

45-54

23.1%

35-44

21.7%

55-64

14.0%

25-34

7.8%

65+

Top levels of education

40.4%

Bachelor

$139,778 median annual income
17.9%

Master

$120,931 median annual income
14.3%

College Diploma

$83,924 median annual income
11.2%

High school

$84,716 median annual income
4.5%

Diploma Above Bachelor

$169,987 median annual income

Compared to: All Management

27.2%

Bachelor

$71,875 median annual income
23.8%

High school

$42,294 median annual income
20.4%

College Diploma

$50,256 median annual income
9.1%

Master

$93,261 median annual income
7.2%

Apprenticeship

$44,396 median annual income

Education & training

Business Administration and Management

College, Trades, or University Program

These 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

Maritime Business College

Lower Sackville, NS

Academy of Learning Career College - Halifax

Halifax, NS

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

Mount Saint Vincent University

Halifax, NS

Universite Sainte-Anne

Pointe-de-l'Église, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Cape Breton University

Sydney, NS

Dalhousie University Faculty of Agriculture

Truro, NS

Nova Scotia Community College - Annapolis Valley Campus

Middleton, NS

Nova Scotia Community College - Cumberland Campus

Springhill, NS

Nova Scotia Community College - Burridge Campus

Yarmouth, NS

Nova Scotia Community College - Kingstec Campus

Kentville, NS

Nova Scotia Community College - Lunenburg Campus

Bridgewater, NS

Nova Scotia Community College - Pictou Campus & School of Fisheries

Stellarton, NS

Nova Scotia Community College - Strait Area Campus & Nautical Institute

Port Hawkesbury, NS

Nova Scotia Community College - Marconi Campus

Sydney, NS

Nova Scotia Community College - Truro Campus

Truro, NS

Nova Scotia Community College - Ivany Campus

Dartmouth, NS

Nova Scotia Community College - Online Learning

Various, NS

Business/Commerce

College, Trades, or University Program

These 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

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

Universite Sainte-Anne

Pointe-de-l'Église, NS

Saint Mary's University

Halifax, NS

Computer Science

College or University Program

These 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

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

Mount Saint Vincent University

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Nova Scotia Community College - Institute of Technology Campus

Halifax, NS

Nova Scotia Community College - Marconi Campus

Sydney, NS

Development Economics and International Development

College or University Program

These 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

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Cape Breton University

Sydney, NS

Entrepreneurship/Entrepreneurial Studies

College, Trades, or University Program

These programs prepare students to carry out the development, marketing and management functions associated with owning and operating a business.

Institutions providing this program

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

University of King's College

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Finance

College or University Program

These 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

Acadia University

Wolfville, NS

Dalhousie University

Halifax, NS

Mount Saint Vincent University

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Saint Mary's University

Halifax, NS

Cape Breton University

Sydney, NS

Nova Scotia Community College - Akerley Campus

Dartmouth, NS

Law (LLB, JD, BCL)

University Program

These 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

Dalhousie University

Halifax, NS

Organizational Leadership

College or University Program

These 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

Dalhousie University

Halifax, NS

Mount Saint Vincent University

Halifax, NS

St. Francis Xavier University

Antigonish, NS

Nova Scotia Community College - Online Learning

Various, NS

Employment requirements & contacts

No regulating bodies were found under this occupation profile

Contacts

Canadian Institute of Management - Maritimes
Various, NS
Canadian Supply Chain Sector Council
Nova Scotia, Canada
Institute of Public Administration of Canada
Toronto, ON

Additional resources

There are no additional resources for this occupation.