Overview
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.
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.
Employment prospects
Annual salary
$72,204
$106,950
$203,221
Job openings
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Strong job outlook
British Columbia
1,831expected job openings (5-year forecast)
Education and training
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.
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.
Certification requirements
Mandatory: You need the following certification to practice as Insurance managers in B.C.
- Canadian Accredited Insurance Broker (CAIB) Designation - Insurance Managers
Canadian Accredited Insurance Broker (CAIB) Designation - Insurance Managers
To work as an insurance, real estate, or financial brokerage manager in B.C., a recognized professional designation is required. You may choose to complete the Canadian Accredited Insurance Broker (CAIB) program, a national, professional designation program that's provided by the Insurance Brokers Association of Canada (IBAC).
Employment as an insurance manager may additionally require several years of related work experience.
Work Experience
Work experience recommended
Post-secondary programs in B.C.
Explore programs related to this career offered at post-secondary institutions in B.C.