National Occupational Classification (NOC) 2021 Version 1.0

1 - Business, finance and administration occupations

This broad category comprises specialized middle management occupations in administrative services, financial and business services and communication (except broadcasting), as well as professional occupations in finance and business; administrative and financial supervisors and specialized administrative occupations; administrative occupations and transportation logistics occupations; and administrative and financial support and supply chain logistics occupations.

10 - Specialized middle management occupations in administrative services, financial and business services and communication (except broadcasting)

This major group comprises specialized middle management occupations in administrative services, financial and business services and communication (except broadcasting). These occupations come with Training, Education, Experience and Responsibility (TEER) identified as TEER 0. The occupations classified under TEER 0, as those included in this group with zero (0) as the second digit of their code, are considered management occupations.

100 - Specialized middle management occupations in administrative services, financial and business services and communication (except broadcasting)

This sub-major group comprises specialized middle management occupations in administrative services, financial and business services and communication (except broadcasting).

1002 - Managers in financial and business services

This minor group comprises managers in financial and business services, including insurance, real estate and financial brokerage managers; banking, credit and other investment managers; advertising, marketing and public relations managers and professionals; and other business services managers.

They are employed by insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges; banks, trust companies and credit unions; credit departments in department stores and other industrial and commercial organizations; credit card, consumer loan, mutual fund, mortgage and other loan, financing and investment companies; government departments; advertising, marketing and public relations firms and consulting businesses; and other establishments that provide services to business.

10020 - Insurance, real estate and financial brokerage managers

Insurance, real estate and financial brokerage managers plan, organize, direct, control and evaluate the activities of departments or establishments that provide insurance, mortgage, real estate and investment services. They are generally responsible for business development and must ensure that their group reaches performance levels related to established objectives. They are employed by insurance companies, real estate firms, stockbrokers, investment dealers, mortgage brokers and security and commodity exchanges.

• Illustrative example(s)

  • bond sales manager
  • brokerage manager - investments
  • commodities trading manager
  • financial brokerage manager
  • insurance claims service manager
  • insurance manager
  • investment manager - financial brokerage
  • mortgage broker manager
  • real estate service manager
  • securities sales director
  • trading floor manager

  All examples

• Inclusion(s)

  • real estate developer

• Exclusion(s)

  • Advertising, marketing and public relations managers (See 10022 Advertising, marketing and public relations managers)
  • Banking, credit and other investment managers (See 10021 Banking, credit and other investment managers)
  • Financial managers (See 10010 Financial managers)
  • Other business services managers (See 10029 Other business services managers)
  • Senior managers - financial, communications and other business services (See 00012 Senior managers - financial, communications and other business services)

• Main duties

  This group performs some or all of the following duties:

  Insurance managers

  • Plan, organize, direct, control and evaluate the operations of an establishment or department that provides automobile, fire, life, property or other types of insurance services.

  Real estate service managers

  • Plan, organize, direct, control and evaluate the operations of an establishment or department that buys, sells and leases residential and commercial properties for clients.

  Mortgage broker managers

  • Plan, organize, direct, control and evaluate the operations of an establishment or department that finds lenders or lending institutions on behalf of clients seeking a mortgage.

  Securities managers

  • Plan, organize, direct, control and evaluate the operations of an establishment or department that buys and sells stocks, bonds and other forms of investments on behalf of individual or institutional clients and manage the investments of their own clients.

• Employment requirements

  • A university degree or college diploma in business administration, economics or other related field is usually required.
  • Several years of experience within the appropriate industry are usually required.
  • Licensure appropriate to the service sold, such as real estate, mortgage, securities or insurance, may be required.
  • In the securities and investment industries, a recognized financial designation may be required (CFA, CFP, CIM or others).
  • In the insurance industry, a recognized professional designation is usually required.

• Additional information

  • There is no mobility between the different types of managers in this unit group.
  • Progression to senior management positions is possible with experience.