Canadian Occupational Projection System (COPS)
Search for Occupational Projection Summaries (2017-2026)
Note: The projections were developed for 292 occupational groupings that cover the entire workforce, using the 2016 National Occupational Classification (NOC). For additional information on these groupings, please visit the COPS Occupational Groupings' Definition. For more information about the methodology used to assess each occupation, please click here.
Search Result : Professional occupations in business management consulting (1122)
- Occupational Outlook
- Occupations in this Group
- Professional occupations in business management consulting (1122)
- Skill Type
- Business, finance and administration occupations
- Skill Level
- Occupations usually require university education.
- Employment in 2016
- Median Age of workers in 2016
- 46.1 years old
- Estimated Median Age of Retirement in 2016
- 64 years old
In order to determine the expected outlook of an occupation, the magnitude of the difference between the projected total numbers of new job seekers and job openings over the whole projection period (2017-2026) is analyzed in conjunction with an assessment of labour market conditions in recent years. The intention is to determine if recent labour market conditions (surplus, balance or shortage) are expected to persist or change over the period 2017-2026. For instance, if the analysis of key labour market indicators suggests that the number of job seekers was insufficient to fill the job openings (a shortage of workers) in an occupational group in recent years, the projections are used to assess if this situation will continue over the projection period or if the occupation will move towards balanced conditions.
Over the 2014-2016 period, employment in this occupational group stayed mostly stable. The unemployment rate also remained unchanged at around 3.4% in 2016, compared with the national average of 7.0%. The average hourly wage decreased slightly during this period. Hence, analysis of key labour market indicators suggests that the number of job seekers was sufficient to fill the job openings in this occupational group over the 2014-2016 period.
For Professional occupations in business management consulting, over the period 2017-2026, new job openings (arising from expansion demand and replacement demand) are expected to total 39,900, while 40,600 new job seekers (arising from school leavers, immigration and mobility) are expected to be available to fill them.
As job openings and job seekers are projected to be at relatively similar levels over the 2017-2026 period, the balance between labour supply and demand seen in recent years is expected to continue over the projection period. Job openings are projected to mainly arise from retirements. The retirement rate is expected to be above the national average over the projection period because workers in this occupation are generally older than in other occupations. For its part, employment growth is expected to be similar to the average for all occupations, although fewer jobs will be created than over the 2007-2016 period. The importance of business management consulting professionals has been on the rise for some time now due to increased global competition and the need for companies to improve their productivity. Executives often require experts to analyze the operations, managerial methods or functions of their companies, identify strengths and weaknesses and recommend targeted actions. Over the projection period, the emphasis on productivity will remain very strong, although weaker than during the last decade because part of this process has already been completed. With regard to labour supply, most job seekers are expected to come from the school system and other occupations, notably business development officers and marketing researchers and consultants (NOC 4163). Indeed, the solid career prospects will encourage workers from different backgrounds to seek employment in this occupation.
Projection of Cumulative Job Openings and Job Seekers over the Period of 2017-2026
|Other Replacement Demand:||3,600||9%|
|Projected Job Openings:||39,900||100%|
|Projected Job Seekers:||40,600||100%|