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Section 5. Business Management Outlook
This section provides national, provincial and regional employment forecasts for Business Management
occupations. The section also presents findings from interviews with local employers about labour
market needs for graduates of Business Management programs.
A bachelor degree in business or business administration/management is required in many public and
private sector management roles. The management occupations for which labour market information
was analyzed to assess demand for graduates of a college bachelor degree program in business
management include the following:
Senior Managers – Health, Education, Social and Community Services and Membership
Organizations (NOC 0014)
Purchasing Managers (NOC 0113)
Insurance, Real Estate and Financial Brokerage Managers (NOC 0121)
Banking, Credit and Other Investment Managers (NOC 0122)
Retail Trade Managers (NOC 0621)
Facility Operation and Maintenance Managers (NOC 0721)
Manufacturing Managers (NOC 0911)
Professional Occupations in Business Services to Management (NOC 1122)
Administrative Officers (NOC 1221)
A number of factors are likely to contribute to replacement demand for management occupations over
the next five to ten years:
Similar to other business occupations, the average age of managers tends to be higher than the
all‐occupation average, increasing the retirement rate in these occupations.
For larger occupational groups, the number of job openings created by retirements each year is
larger. For example, because of the large size of the Retail Trade Managers occupational group,
many job openings will be created annually by the need to replace workers who retire or leave
for other occupations with better pay or career opportunities.
Factors that will impact expansion demand for Management Occupations in the next five to ten years
include:
Demand for Financial Managers is tied to the overall growth of the economy. Over the longer
term, economic recovery and the stabilization of public finances will enable the creation of new
positions for senior managers in education, health, sales, finance, and administrative services.
Employment in this occupation is not particularly vulnerable to economic downturns in specific
industries such as manufacturing. The construction and health care components of this
occupation will help sustain employment opportunities.
LKSB Degree Program Feasibility Study • 2011
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