How to become a banking, credit and other investment manager
Official title: Banking, credit and other investment managers
Also called: Bank manager, Loans manager, Credit manager, Mortgage manager, Collection manager, Bank branch manager, Credit union manager, Loans manager trainee, Regional bank manager, Trust company manager, Banking centre manager, Personal trust manager
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.
Main tasks
- Banking managers
- Plan, organize, direct, control and evaluate the branch operations of a bank, trust company, credit union or similar financial institution or of a department in such an institution responsible for administering personal and commercial loans, buying and selling securities, operating investment funds, administering trusts, settling estates or other related activities
- Ensure the institution's policies and procedures are followed according to established guidelines and make recommendations for improvement
- Network to develop business relations, promote the sale of loan, investment and other banking services and attract corporate and individual customers
- Interview corporate and individual customers and respond to customer enquiries
- Analyze, review and approve or reject loan and credit applications in accordance with authorized limits
- Monitor processing of loan applications and credit investigations
- Oversee preparation of monthly financial and branch progress reports
How to become one
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 or others). Completion of company or other management training programs is usually required. Several years of experience within the industry, including supervisory experience, are required.
Ways in
- University: Business & Commerce degrees, Offered by 17 universities in Canada
Pay · Outlook
- Median pay: $111,423 a year The middle half earn $89,993 to $139,991.
- About 71,000 people worked in this job in 2023, and about 80,100 are projected by 2033. (+12.8%)
- Projected labour market to 2033: balance.
Related jobs
- Insurance, real estate and financial brokerage managers
- Advertising, marketing and public relations managers
- Other business services managers
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Questions people ask
How do I become a banking, credit and other investment manager?
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 or others). Completion of company or other management training programs is usually required. Several years of experience within the industry, including supervisory experience, are required.
How much does a banking, credit and other investment manager earn in Canada?
Median full-time pay is $111,423 a year (Employment and Social Development Canada (Job Bank)). The middle half earn $89,993 to $139,991.
Is a banking, credit and other investment manager a growing career in Canada?
Yes. Employment is projected to grow 13% by 2033, from about 71,000 to about 80,100 people (Employment and Social Development Canada).
Do you need a degree to become a banking, credit and other investment manager?
Not always. 56% of people in this job hold a bachelor's degree or higher. Ways in include: Business & Commerce degrees.
Sources
- Statistics Canada: Census 2021: employment by occupation, gender and education (98-10-0449) (2021 Census), Statistics Canada Open Licence, retrieved 2026-10-03
- Statistics Canada: National Occupational Classification (NOC) 2021 (Version 1.0), Open Government Licence - Canada, retrieved 2026-10-03
- Employment and Social Development Canada: Canadian Occupational Projection System (COPS) (2024 to 2033), Open Government Licence - Canada, retrieved 2026-10-03
- Employment and Social Development Canada (Job Bank): Wages by occupation (2025 (revised 2025-11-19)), Open Government Licence - Canada, retrieved 2026-10-03
Updated 2026-10-03