Job prospects Financial Consultant in Prince Edward Island

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Explore current and future job prospects for people working as a "financial consultant" in Prince Edward Island or across Canada.

Job opportunities in Prince Edward Island

The recent trends from the past 3 years were updated on July 25, 2025. The job outlooks over the next 3 years were updated on December 10, 2025.

Prospects over the next 3 years

The employment outlook will be Moderate for financial advisors (NOC 11102) in Prince Edward Island for the 2025-2027 period.

The following factors contributed to this outlook:

• Employment growth will lead to a moderate number of new positions.
• A moderate number of positions will become available due to retirements.
• There are a moderate number of unemployed workers with recent experience in this occupation.

Financial advisors help individuals and businesses manage investments, insurance, retirement planning, and overall financial health, primarily working in banks, brokerages, and insurance firms. Employment prospects are strongest for those with specialized knowledge in areas like financial planning, credit analysis, or asset management, and many roles require certifications such as Certified Financial Planner (CFP), Mutual Funds Licence, Canadian Securities Course (CSC), or completion of the Life Licence Qualification Program (LLQP) for insurance-related roles. As financial services become more digital, advisors with strong communication skills and comfort using financial software and virtual platforms may have better employment prospects. While slower population growth—especially due to reduced immigration targets—may affect long-term consumer demand by some degree, the need for trusted financial guidance remains strong, particularly as Canadians navigate retirement planning, housing affordability, and economic uncertainty. 

Here are some key facts about financial advisors in Prince Edward Island:

• Approximately 350 people work in this occupation.
• Financial advisors mainly work in the following sectors:
  • Monetary Authorities - central bank and securities, commodity contracts and other intermediation and related activities (NAICS 521, 522, 523): 66%
  • Insurance Carriers and related activities (NAICS 524, 526): 22%
  • Federal government public administration (NAICS 911): 8%
• The distribution of full-time and part-time workers in this occupation is:
  • Full-time workers: 93% compared to 84% for all occupations
  • Part-time workers: 7% compared to 16% for all occupations
• 77% of financial advisors work all year, while 23% work only part of the year, compared to 59% and 41% respectively among all occupations. Those who worked only part of the year did so for an average of 46 weeks compared to 41 weeks for all occupations.
• 28% of financial advisors are self-employed compared to an average of 13% for all occupations.
• The gender distribution of people in this occupation is:
  • Men: 63% compared to 51% for all occupations
  • Women: 38% compared to 49% for all occupations
• The educational attainment of workers in this occupation is:
  • no high school diploma: less than 5% compared to 11% for all occupations
  • high school diploma or equivalent: 12% compared to 28% for all occupations
  • apprenticeship or trades certificate or diploma: 11% compared to 11% for all occupations
  • college certificate or diploma or university certificate below bachelor's: 18% compared to 25% for all occupations
  • bachelor's degree: 47% compared to 17% for all occupations
  • university certificate, degree or diploma above bachelor level: 12% compared to 8% for all occupations