NOC 11102 Financial advisors
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 1114 Other financial officers has changed to the following:
NOC 1114 has become Noc 11102
NOC 11102 replaces NOC 1114 for the job title of Financial advisors
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 advisors 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 1114 changed to NOC 11102?
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 advisors?
The old NOC structure (NOC 2016) for NOC 1114 was categorized based on Skill Level. Level.
The old level of 1114 Other financial officers “has skill Level A: University degree (bachelor’s, master’s or doctorate) is required”.
The new NOC structure for Other financial officers uses the NOC Code 11102 and the Skill requirement of “Completion of a university degree (bachelor’s, master’s or doctorate) or Previous experience and expertise in subject matter knowledge from a related occupation found in TEER 2 (when applicable).”
NOC 11102 Summary
NOC 11102 was previously 1114
The job title for both 11102 and 1114 is now Financial advisors
The TEER level for 11102 is “Completion of a university degree (bachelor’s, master’s or doctorate) or Previous experience and expertise in subject matter knowledge from a related occupation found in TEER 2 (when applicable).”
The level of demand in Canada for the role remains Huge
Canada Visa Options for NOC 11102
There are a number of Canada Visa options for NOC 1114. These include:
Federal Skilled Visas
Canadian Experience Class
Is NOC 11102 in demand in Canada
This means that currently, according to Statistics Canada, the role of Financial advisors 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 11102 will be filled by highly skilled and motivated newcomers to Canada.