There are so many different career paths you can take within the Financial Services industry – that’s evident when just browsing through the diverse jobs we have on TalentEgg’s Career Spotlight: Financial Services.
We’ve put together a list of the average starting salaries for some jobs in the finance industry in three major Canadian cities.
These numbers are based on 2010 reported salaries in this industry. Usually, 10% should be added for any professional certifications and graduate degrees.
Don’t forget that some financial services roles at some companies, such as Financial and Insurance Advisors, receive commissions or bonuses on top or in lieu of a base salary – these types of roles can have unlimited earning potential.
|Toronto: Starting at $47, 872||Toronto: $38,275|
|Montreal: $43,704||Montreal: $35,066|
|Vancouver: $45,608||Vancouver: $34,367|
|Insurance Claims Representative||Insurance Broker|
|Toronto: $39,277||Toronto: $31,000|
|Montreal: $36,770||Montreal: $29,307|
|Vancouver: $38,624||Vancouver: $29,051|
|Junior Actuarial Analyst||Underwriter|
|Toronto: $47,952||Toronto: $40,860|
|Montreal: $45,887||Montreal: $38,882|
|Vancouver: $47,485||Vancouver: $40,915|
|Financial Planner||Financial Services Representative|
|Toronto: $43,684||Toronto: $31,814|
|Montreal: $39,857||Montreal: $30,759|
|Vancouver: $41,262||Vancouver: $32,199|
You’re in demand: the finance, insurance and real estate industries had the highest projected hiring for the fourth quarter in 2011, with 29% of hiring authorities saying they plan to increase their staff, according to a Robert Half Employment Report which interviewed over 1,000 executives in Canada. Nearly half of hiring managers in the finance and accounting industry also said they have challenges finding skilled professionals to fill these roles.