NOC 10010 Financial managers
Canada is making some significant changes to its Immigration National Occupation Classification system.
The current NOC List is currently being updated. As a result, the details for NOC 0111 Financial managers has changed to the following:
NOC 0111 has become Noc 10010
NOC 10010 replaces NOC 0111 for the job title of Financial managers
Will this change affect me?
The new 2021 NOC codes will likely impact Express Entry and PNP candidates, especially those with occupations previously at NOC Skill Level B.
Financial managers applicants need to identify which occupation, or NOC code, their work falls under. Making the correct choice of NOC is therefore a vital part of a successful Canadian Immigration project.
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Why has NOC 0111 changed to NOC 10010?
Every seven to ten years Canadian Immigration adjusts the National Occupation Classification Code to reflect changes in immigration and the economy. It also reflects the broader needs of employers and the overall nature of work in Canada. The NOC is developed and maintained between Statistics Canada (STC) and Employment and Social Development Canada (ESDC).
In 2021 a new National Occupation Code index was announced. This new 2021 NOC List replaces all previous versions of the Canadian NOC List.
The old Skill Levels were based on four categories; Skill Level A, B, C, D.
These have been replaced with levels of Training, Education, Experience and Responsibility (TEER).
Every NOC Code and Occupation now has a TEER level for Immigration purposes rather than one of the traditional Skill Levels.
What’s changed for the job title Financial managers?
The old NOC structure (NOC 2016) for NOC 0111 was categorized based on Skill Level. Level.
The old level of 0111 Financial managers “has skill Level A: University degree (bachelor’s, master’s or doctorate) is required”.
The new NOC structure for Financial managers uses the NOC Code 10010 and the Skill requirement of University undergraduate degree plus any relevant post graduate qualifications and significant experience.
NOC 10010 Summary
NOC 10010 was previously 0111
The job title for both 10010 and 0111 is now Financial managers
The TEER level for 10010 is University undergraduate degree plus any relevant post graduate qualifications and significant experience.
The level of demand in Canada for the role remains Huge
Canada Visa Options for NOC 10010
There are a number of Canada Visa options for NOC 0111. These include:
Federal Skilled Visas
Canadian Experience Class
Is NOC 10010 in demand in Canada
This means that currently, according to Statistics Canada, the role of Financial managers in Canada currently has more jobs advertised than available candidates. It is anticipated that over the next 18 to 24 months the Canadian Skills shortage for the National Occupation Code 10010 will be filled by highly skilled and motivated newcomers to Canada.