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Auditors, Accountants and Investment Professionals
What they do?
A. Financial Auditors and Accountants examine and analyze journal and ledger entries, bank statements, inventories, expenditures, tax returns and other accounting and financial record, documents and systems, of an individual, department, company or other establishment to ensure financial recording accuracy and compliance with established accounting standards, procedures and internal practices.
B. Financial Analysts evaluate financial risk, prepare financial forecasts, financing scenarios and other documents concerning capital management and write reports and recommendations.
C. Investment Analysts collect finanical and investment information about companies, stocks, bonds and other investments using daily stock and bond reports, economic forecasts, trading volumes, financial periodicals, securities manuals, company financial statements and other financial reports and publications.
Where they find work?
1. Finance and insurance - 35.0%
2. Accounting tax preparation bookkeeping and payroll services - 20.0%
3. Public administration - 9.0%
4. Wholesale trade - 3.0%
5. Retail trade - 3.0%
6. Management scientific and technical consulting services - 3.0%
What education do I need?
1. To be a Financial Auditor and Accountant, you need a university degree, the completion of a professional training program approved by a provincial institute of chartered accountants and a membership in a provincial Institute of Chartered Accountants.
2. To be a Financial and Investment Analyst, you need a bachelor's degree in commerce, business administration or economics. A master's degree in finance or in business administration (M.B.A.) may be required. On-the-job training and industry courses and programs are usually required.
3. Most recent entrants have an undergraduate univeristy degree.
High School Subject that will help:
1. Accounting
2. Math
3. English
4. Computer-related courses
What can you expect to make:
The average hourly wages for Auditors, Accountants and Investment Professionals is $25.00/HR, which is above average for occupations in the business, finance and administration sector and are close to average for all professional occupations. These wages grew at an average rate from 2002 to 2004.
Average Wage
Expected Wage by Age
Unemployment:
2% of Auditors, Accountants and Investment Professionals are unemployed. This rate is close to the average for professionnal occupations.
Unemployment
Trends in Unemployment
Current Job Outlook:
The job outlook for Auditors, Accountants and Investment Professionals is considered Average because:
1. Employment grew at an average rate.
2. Hourly wages ($25.00) are above the average ($18.07), and the rate of wage growth is close to the average.
3. The unemployment rate (2%) is below the 2004 average (7%).
Future Job Prospects:
Your job outlook will continue to be Average because:
1. The employment growth rate will likely be average because of the increase on the use of accounting software.
2. Although the retirement rate will likely be average, the number of retiring workers should contribute to job openings.
3. The number of job seekers will likely match the number of job openings.
Highest Concetration:
The highest concentrations Auditors, Accountants and Investment Professionals are found in Alberta and Ontario while the lowest concentrations are in New Brunswick and Newfoundland.
Unionization Rate:
The unionization rate (17%) is below the average (32%) for all occupations.
Useful Experience:
1. Presentation skills
2. Financial computer programs
3. International trade finance
Part Time Workers
Part time workers:
9% of Auditors, Accountants and Investment Professionals are employed only on a part-time basis. There were 319,200 workers employed in these occupations in 2004, an increase of 10% since 1997.
Age Demographics
Age Demographics:
The relatively low percentage of younger workers suggests few entry-level job openings, and could point to a greater need for workers with experience or a number of years of training. The retirement rate to 2009 will likely be average reflecting the age/retirement structure of the occupation.
