How to become a senior managers - financial, communications and other business services
Official title: Senior managers - financial, communications and other business services
Also called: Credit union general manager, Trust company general manager, Employment agency general manager, Insurance company general manager, Telecommunications general manager, Computing services company president, Engineering research general manager, Protective services executive director, Senior vice-president and chief economist, General manager - real estate management company, Chief financial officer (cfo) - advertising agency, Marketing vice-president - clerical staff services
Senior managers in financial, communications and other business services are usually appointed by a board of directors, to which they report. They work either alone or in conjunction with the board of directors to develop and establish objectives for the company, and to develop or approve policies and programs. They plan, organize, direct, control and evaluate, through middle managers, the operations of their organization in relation to established objectives. They work in establishments throughout the telecommunications, finance, insurance, real estate, and data processing, hosting and related services industries as well as other business service industries or they may own and operate their own business.
Main tasks
- Determine the company's mission and strategic direction as conveyed through policies and concrete objectives which are met through the effective management of human, financial and material resources
- Authorize and organize the establishment of major departments and associated senior staff positions
- Allocate material, human and financial resources to implement organizational policies and programs; establish financial and administrative controls; formulate and approve promotional campaigns; and approve overall human resources planning
- Select middle managers, directors or other executive staff; delegate the necessary authority to them and create optimum working conditions
- Represent the organization, or delegate representatives to act on behalf of the organization, in negotiations or other official functions
- Senior managers in this unit group may specialize in areas such as finance, marketing or human resources or in a particular service area
How to become one
A university degree in business administration, commerce, computer science or other discipline related to the service provided is usually required. Several years of experience as a middle manager in financial, communications or other business services are usually required. Specialization in a particular functional area or service is possible through specific university training in that area or through previous experience. Senior managers in finance usually require a professional accounting or financial designation.
Pay · Outlook
- Median pay: $187,493 a year The middle half earn $134,999 to $241,878.
- About 52,900 people worked in this job in 2023, and about 59,000 are projected by 2033. (+11.5%)
- Projected labour market to 2033: balance.
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Questions people ask
How do I become a senior managers - financial, communications and other business services?
A university degree in business administration, commerce, computer science or other discipline related to the service provided is usually required. Several years of experience as a middle manager in financial, communications or other business services are usually required. Specialization in a particular functional area or service is possible through specific university training in that area or through previous experience. Senior managers in finance usually require a professional accounting or financial designation.
How much does a senior managers - financial, communications and other business services earn in Canada?
Median full-time pay is $187,493 a year (Employment and Social Development Canada (Job Bank)). The middle half earn $134,999 to $241,878.
Is a senior managers - financial, communications and other business services a growing career in Canada?
Yes. Employment is projected to grow 12% by 2033, from about 52,900 to about 59,000 people (Employment and Social Development Canada).
Sources
- 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