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NOC 10020: Insurance, real estate and financial brokerage managers

Official definition ยท Statistics Canada NOC 2021 v1.0 ยท statcan.gc.ca โ†—

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.

Median Pay$59.23/hrPrevailing median rate
TEER LevelLevel 0Express Entry pool
Priority StreamGeneral StreamCategory draws
Official Titles42 TitlesGovernment aliases
Interactive Reference Letter Tool

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.

42 official aliases
Checklist (8 official duties):Click each to toggle
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IRCC Reference Letter Rule:

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.

Live Match Scoreโš  Needs 5 More
0%
0 of 8 selected
0%60% Recommended100%
Below 60% Target (0%)To qualify for NOC 10020, your employer letter should verify at least 5 main duties. Select 5 more to see if your experience matches.
Minimum Needed5 Duties
Current StatusIncomplete

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 (bachelorโ€™s, masterโ€™s, 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

Open Full NOC Converter Toolโ†’

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.

Former NOC 01214-Digit Legacy
Insurance, real estate and financial brokerage managers
VC1 - Code Change
Job Bank Open Data (2025/2026)

Regional Wages Across Canada

Legal Benchmark for LMIA

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 / TerritoryLow WageMedian WageHigh 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 Listed

If your current job title matches any of these official examples, this NOC code is likely the right choice for your Express Entry reference letter:

bond sales managerbrokerage manager - investmentscommodities trading managerfinancial brokerage managerinsurance claims service managerinsurance managerinvestment manager - financial brokeragemortgage broker managerreal estate service managersecurities sales directortrading floor managerbranch manager - insurancebusiness development manager - damage insurancecommercial lines account managercommission brokers manager - investmentsfutures research managerfutures research services managergrain trading managerinsurance benefits executive directorinsurance managing directorinsurance regional managerinsurance sales district managerinsurance sales managerinvestment director - financial brokerageleasing manager - real estateliability trading managermutual funds manager - financial brokeragepetroleum research manager - securitiesreal estate agents managing supervisorreal estate branch managerreal estate brokerreal estate developerreal estate national sales managerreal estate office managerreal estate sales district managerreal estate sales managerreal estate sales managing directorsecurities and investment managersecurities managersecurities research directorsecurities research managerunderwriting department manager

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.

Yes. Because NOC 10020 is classified as TEER 0, it qualifies for the Federal Skilled Worker Program (FSW) and Canadian Experience Class (CEC) under Express Entry.
For an LMIA work permit, your employer must offer at least the median wage of $59.23/hr (or the prevailing median rate in your specific Canadian province of employment).
Under Section 75(2) of the Immigration and Refugee Protection Regulations (IRPR), your employment reference letter must confirm you perform the actions in the lead statement and a substantial number (recommended at least 60%) of the official main duties listed above. You do not need to perform 100% of the duties.
Under Canada's previous NOC 2016 classification, Insurance, real estate and financial brokerage managers was categorized under NOC 0121 (Insurance, real estate and financial brokerage managers). In NOC 2021, it transitioned to NOC 10020 under TEER 0.
Next Steps for NOC 10020

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.

Last verified: September 2026