Financial Career in Canada From Dubai, Being an individual, handling our everyday financial matters demands a substantial amount of financial scrutiny, strategizing, and fiscal planning. Now, contemplate the task of managing finances on a grander scale. The management of finances for entire industries and their associated businesses is a substantial undertaking. From the initial stages of planning to the ultimate decision-making process, a finance professional assumes comprehensive responsibility. Although education is undeniably essential, the personal skillset plays an indispensable role.
If you’re a finance professional with aspirations of building an international career, Canada represents an ideal destination for securing employment after completing your education in finance. The demand for individuals with financial education backgrounds is notably high in Canada. Give this blog a read about Financial Career in Canada From Dubai after financial studies.
What’s the scope like in Canada after studying Finance?
In terms of career advancement and progression as a finance professional, Canada provides an optimal platform, brimming with abundant employment prospects and a promising future. The aging population and retirements in Canada have led to an increased number of job openings in the financial sector. The country is actively seeking new immigrants with valuable work experience and expertise, making significant contributions to its economy.
What is the role of a Financial Professional?
As a finance professional, one must work on the financial tasks and responsibilities efficiently. Some of them are mentioned below.
1. Exploring, expanding, and implementing financial policies processes, and operations of a company.
2. Analyze the market trends and competitors to expand the company’s opportunities.
3. Maintaining records of daily transactions.
4. Preparing balance sheets and processing invoices.
5. Involving in plans, analysis, strategies, budgeting, and assessing audits and finances.
6. Handle financial negotiations with banks and other financial institutions.
7. Ensures all financial operations are adhered to governmental rules and regulations.
8. Manages cash flow and meets the needs of the company.
Job Designations for Finance Professionals in Canada
Here are some of the job roles with their NOCs that you can get into as a finance professional in Canada!
| NOC Code | NOC Code Name |
| 10010 | Financial Managers |
| 10020 | Insurance, real estate, and financial brokerage managers |
| 10021 | Banking, credit, and other investment managers |
| 11100 | Financial auditors and accountants |
| 11101 | Financial and investment analysts |
| 11103 | Securities agents, investment dealers, and brokers |
| 11102 | Financial Advisors |
| 11109 | Other Financial officers |
| 12011 | Supervisors, finance, and insurance office workers |
| 12200 | Accounting technicians and bookkeepers |
| 12201 | Insurance adjusters and claims examiners |
| 12202 | Insurance underwriters |
| 12203 | Assessors, business valuators, and appraisers |
| 13200 | Customs, ship, and other brokers |
| 14200 | Accounting and related clerks |
| 13102 | Payroll administrators |
| 14201 | Banking, insurance, and other financial clerks |
| 14202 | Collectors |
What is required for a job as a Financial Career in Canada From Dubai?
To be eligible for a finance professional in Canada, you must meet certain requirements mentioned below for you.
1. You should hold a bachelor’s degree in business administration, finance, economics, and commerce and a master’s degree in management and finance.
2. You must have a minimum of 2 years of experience in auditing, budgeting, accounting, financial planning, and other types of financial activities.
3. When applying for the role of an accounting manager, you will require a recognized specific accounting designation such as CPA, CA, CPA, CMA or CPA, or CGA.
4. If you’re a treasury or corporate finance manager, you will require an acknowledged financial role such as CFA, CFP, or CIM.
Salaries for a Finance Professional in Canada
The primary factor to take into account when seeking a career opportunity in Canada is the salary associated with your occupation. For finance professionals, the median annual salary in Canada stands at CAD 133,608 as of September 25, 2023.
Salaries usually range between CAD 117,249 to CAD155,464. However, salaries might vary depending on various factors such as the industry, location, years of experience, and education.
Wrap-Up
Canada is notably one of the countries that places a paramount emphasis on the role of finance. The demand for Financial Managers and related positions in Canada has been steadily increasing, with a projected 6% growth expected by 2031 for regulated finance occupations.
To all those financial professionals out there, why wait until you can grab a perfect opportunity to start a new phase in Canada? Wondering how? Canserves makes it possible for you! Connect with Canserves, get a free consultation, and plan your future! Talk to our immigration experts in Dubai right away, we’d love to hear from you!
FAQs About Financial Career in Canada From Dubai
Does finance have scope in Canada?
In terms of career growth and development as a finance professional, Canada provides an ideal platform, offering abundant employment opportunities and a highly promising future.
What is the salary for finance professionals in Canada?
Salaries for careers in the financial sector in Canada typically span a range of CAD 117,249 to CAD 155,464. Nevertheless, salary variations can occur based on factors like the industry, geographic location, years of professional experience, and level of education.
Why is Canada hiring finance managers?
Since Canada has an aging population and retirement, it resulted in more job vacancies in financial positions. Canada needs more new immigrants with skilled work experience and expertise contributing more to the country’s economy.