NOC 10021: Banking, credit and other investment managers
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.
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.
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 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 (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 10021.
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) | $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/hr | โ |
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 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:
- 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.
Check Your Express Entry Score & Latest Cutoffs
Calculate your exact Comprehensive Ranking System (CRS) score for NOC 10021, explore your TEER 0 immigration pathways, and check recent draw cutoffs.