NOC 10020: Insurance, real estate and financial brokerage managers
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.
Official Main Duties for NOC 10020
Select the duties you perform in your actual job. Under IRCC guidelines, you must perform at least 60% of these duties for a successful work permit or PR reference letter.
Your employer reference letter must confirm you performed the main actions described in the duties above. Avoid copying words directly from the NOC description โ officers expect natural job descriptions with specific company context.
Canadian Labour Market & PR Pathways for NOC 10020
Under Canada's National Occupational Classification (NOC 2021 Version 1.0), Insurance, real estate and financial brokerage managers is categorized under TEER 0. Occupations in this tier typically require a university degree (bachelorโs, masterโs, or doctorate) or substantial managerial tenure.
Express Entry Alignment
Qualifies directly for the Federal Skilled Worker (FSW) and Canadian Experience Class (CEC) under Express Entry. Work experience must be full-time (or equivalent part-time) and continuous for at least one year.
Target Category Status
Currently evaluated under standard General and CEC invitation rounds, or targeted through provincial in-demand lists such as Ontario (OINP), British Columbia (BC PNP), or Alberta (AAIP).
NOC 2016 to NOC 2021 Transition & Equivalency
Under Canada's previous NOC 2016 classification, this occupation was mapped under the following 4-digit code(s). When preparing your Express Entry profile or work reference letters, you must use the new 5-digit code NOC 10020.
Regional Wages Across Canada
Under Canadian immigration law, an employer hiring you under an LMIA must pay you at least the median wage listed below for your province.
| Province / Territory | Low Wage | Median Wage | High Wage |
|---|---|---|---|
| Canada (National Average) | $39.62 | $59.23/hr | $105.77 |
| Newfoundland and Labrador โ | $41.76/hr | $48.52/hr | $71.43/hr |
| Prince Edward Island โ | $36.58/hr | $50.45/hr | $69.54/hr |
| Nova Scotia โ | $23.64/hr | $49.23/hr | $71.43/hr |
| New Brunswick โ | $19.23/hr | $45.13/hr | $67.47/hr |
| Quebec โ | $37.63/hr | $59.86/hr | $98.9/hr |
| Ontario โ | $41.03/hr | $58.97/hr | $108.17/hr |
| Manitoba โ | $40.26/hr | $60.1/hr | $82.21/hr |
| Saskatchewan โ | $35.93/hr | $57.69/hr | $84.13/hr |
| Alberta โ | $40.76/hr | $61.21/hr | $100.04/hr |
| British Columbia โ | $39.42/hr | $61.54/hr | $108.17/hr |
Employment Requirements
These are the education, training, and certification standards usually required by Canadian employers for this occupation:
- 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.
- In the securities and investment industries, a recognized financial designation may be required (CFA, CFP, CIM or others).
- In the insurance industry, a recognized professional designation is usually required.
Official Job Titles for NOC 10020
42 Titles ListedIf your current job title matches any of these official examples, this NOC code is likely the right choice for your Express Entry reference letter:
Exclusions (Similar Jobs with Different Codes)
Check this list to make sure your actual job is not classified under one of these related codes:
- Advertising, marketing and public relations managers (See 10022 Advertising, marketing and public relations managers)View NOC 10022โ
- Banking, credit and other investment managers (See 10021 Banking, credit and other investment managers)View NOC 10021โ
- Financial managers (See 10010 Financial managers)View NOC 10010โ
- Other business services managers (See 10029 Other business services managers)View NOC 10029โ
- Senior managers - financial, communications and other business services (See 00012 Senior managers - financial, communications and other business services)View NOC 00012โ
Frequently Asked Questions for NOC 10020 (Insurance, real estate and financial brokerage managers)
Essential answers regarding Express Entry eligibility, LMIA prevailing wage compliance, and official reference letter rules.
Check Your Express Entry Score & Latest Cutoffs
Calculate your exact Comprehensive Ranking System (CRS) score for NOC 10020, explore your TEER 0 immigration pathways, and check recent draw cutoffs.