You will be happy to know that employment among senior managers in this occupation has increased sharply in recent years.
Continued growth is expected in the industries in which they work. The number of senior managers is expected to increase significantly over the coming years. You can use this overview of the Canadian employment prospects in your field to start planning your immigration and settlement in Canada.
Important statistics for this occupation:
- Senior manager employment has increased sharply thanks to growth in the industries where they work.
- Large numbers of senior managers in Canada are now reaching retirement age, opening up the field for newcomers.
- Senior managers are always needed in Canada’s major cities. However, many smaller cities and towns across Canada are experiencing economic booms and are in need of experienced managers to head new and expanding companies.
- The median yearly income for a Financial Manager is $80,000 in Canada, with high incomes reported in the range of $130,000.
Duties for Senior Managers
Senior managers are usually appointed by a board of directors, to which they report. They work either alone or with the board of directors to develop and establish objectives for the company, and to develop or approve policies and programs. They plan, organize, direct, control and evaluate, through middle managers, the operations of their organization. They work in a wide range of fields such as communications, finance, insurance, real estate, and data processing, hosting and related services industries as well as other business service industries. Senior managers in this unit group may specialize in areas such as finance, marketing or human resources or in a particular service area.
Description of Main Duties
Senior Managers perform some or all of the following duties:
- Determine the company's mission and strategic direction
- Authorize and organize the establishment of major departments and associated senior staff positions
- Allocate resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning
- Select middle managers, directors or other executive staff and delegate authority to them
- Represent the organization, or delegate representatives to act on behalf of the organization, in negotiations or other official functions
Example job titles for Senior Managers:
- Bank president
- Chief executive officer (CEO) - telephone company
- Chief financial officer (CFO) - advertising agency
- Chief operating officer - engineering firm
- Executive director, credit union
- Executive vice-president, real estate agency
- General manager, real estate management company
- President, advertising agency
- President, computing service company
- President and chief executive officer
- Regional vice-president, trust company
- Vice-president, human resources - bank
- Vice-president, marketing - clerical staff services
- Vice-president, operations - satellite communication services
Find out about salary ranges for Senior Managers in different Canadian cities with our Canada Salary Calculator.
You can start looking for a job in Canada by using our Canada Job Search Tool.