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NOC 10021: Banking, credit and other investment managers

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

Banking, credit and other investment managers plan, organize, direct, control and evaluate the activities of financial establishments or operational departments within such establishments, or credit departments in industrial and commercial establishments. They oversee business development and manage overall performance in accordance with established strategic directions and policies. Banking managers are employed by banks, trust companies and credit unions. Credit managers are employed by credit departments in department stores, utility companies, car dealerships, insurance companies or other industrial or commercial organizations. Other investment managers are employed by credit card companies, consumer loan companies, mutual fund investment firms, mortgage investment companies or other financial establishments concerned with extending loans and financing and investments.

Median Pay$57.14/hrPrevailing median rate
TEER LevelLevel 0Express Entry pool
Priority StreamGeneral StreamCategory draws
Official Titles58 TitlesGovernment aliases
Interactive Reference Letter Tool

Official Main Duties for NOC 10021

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.

58 official aliases
Checklist (19 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 12 More
0%
0 of 19 selected
0%60% Recommended100%
Below 60% Target (0%)To qualify for NOC 10021, your employer letter should verify at least 12 main duties. Select 12 more to see if your experience matches.
Minimum Needed12 Duties
Current StatusIncomplete

Canadian Labour Market & PR Pathways for NOC 10021

Under Canada's National Occupational Classification (NOC 2021 Version 1.0), Banking, credit and other investment 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 10021.

Former NOC 01224-Digit Legacy
Banking, credit and other investment 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)$37.44$57.14/hr$91.35
Newfoundland and Labrador โ†’$42.56/hr$50/hr$56.92/hr
Prince Edward Island โ†’$35.38/hr$45.64/hr$61.54/hr
Nova Scotia โ†’$33.33/hr$47.18/hr$72.12/hr
New Brunswick โ†’$33/hr$48.72/hr$67.47/hr
Quebec โ†’$39.8/hr$56.41/hr$87.18/hr
Ontario โ†’$38.46/hr$58.97/hr$96.15/hr
Manitoba โ†’$32.05/hr$46.67/hr$70.67/hr
Saskatchewan โ†’$35.9/hr$55.9/hr$76.92/hr
Alberta โ†’$35.9/hr$56.41/hr$85.47/hr
British Columbia โ†’$36.92/hr$50.48/hr$83.92/hr
Yukon โ†’$43.3/hr$57.41/hr$85.78/hr
Northwest Territories โ†’โ€”$62.5/hrโ€”

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, commerce, economics or a related field is usually required.
  • A master's degree in business administration, finance or management science may be required for the management of large commercial loans.
  • A recognized financial designation may be required (CFA, CFP, CIM orย others).
  • Completion of company or other management training programs is usually required.
  • Several years of experience within the industry, including supervisory experience, are required.

Official Job Titles for NOC 10021

58 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:

assistant operations manager - banking, credit and investmentbank managerbanking operations managercollection centre managercommercial banking managercorporate banking centre managercorporate services manager - banking, credit and investmentcredit card centre managercredit card company operations managercredit managercredit union managermortgage and consumer credit managerpersonal services manager - banking, credit and investmentregional collection managertrust company manageraccounts manager - banking, credit and investmentarea manager - banking, credit and investmentassistant branch manager - banking, credit and investmentassistant consumer credit managerassistant corporate banking services managerassistant credit managerassistant regional manager - bankingbank branch managerbank directorbanking accounts managerbanking centre managerbranch administrative manager - banking, credit and investmentbranch manager - banking, credit and investmentcollection managercollection manager - bank or trust companycommercial attachรฉcommercial mortgages accounts managercommercial mortgages managerconsumer credit management traineeconsumer credit services manager traineecorporate accounts manager - banking, credit and investmentcorporate trust services managercredit and accounts managercredit and collection department managercredit and collection managercredit approval and market development managercredit area coordinatorfinancial services managerinternational banking managerinvestment manager - bank or trust companyinvestment manager - banking, credit and investmentloan and credit manager - banking or trust companyloans managerloans manager traineemortgage manageroperations manager - banking, credit and investmentpersonal trust managerregional bank managerregional credit managersenior accounts manager - banking, credit and investmentsenior manager - personal financial servicestrust company branch managertrust company investment 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:

  • Mortgage broker manager (See 10020 Insurance, real estate and financial brokerage managers)View NOC 10020โ†’
  • 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 10021 (Banking, credit and other investment managers)

Essential answers regarding Express Entry eligibility, LMIA prevailing wage compliance, and official reference letter rules.

Yes. Because NOC 10021 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 $57.14/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, Banking, credit and other investment managers was categorized under NOC 0122 (Banking, credit and other investment managers). In NOC 2021, it transitioned to NOC 10021 under TEER 0.
Next Steps for NOC 10021

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Last verified: September 2026