See table for salaries.
Average Banking, Insurance and Other Financial Clerk’s Salary in Canada
The table below details the hourly wages for Banking, Insurance and Other Financial Clerks.
The Canadian national occupation classification code (NOC) for this role is 1434.
Job titles and exact duties vary in this occupation and examples of some job titles are: bank clerk, mortgage clerk, actuarial clerk and insurance clerk.
According to the latest figures, the highest hourly average (median) wages are earned in Calgary, Alberta at $25.40 per hour and the lowest average (median) wages are earned in Prince Edward Island at $17.95 per hour.
A typical full-time annual salary for this occupation is in the region of $35,000 – $48,000.
Government labour market data indicates that the number of job seekers will be larger than job vacancies in this profession for the near future.
Average Hourly (Median) Wages for Banking, Insurance and Other Financial Clerks in Canada
$ per hr
$ per hr
$ per hr
|Calgary – Alberta*||20.51||25.40||32.37||2019|
|Edmonton – Alberta*||19.23||20.75||44.23||2019|
|Vancouver / Lower Mainland Southwest – British Columbia||14.00||20.26||32.00||2018|
|Winnipeg – Manitoba||15.00||18.27||28.85||2018|
|Fredericton / Oromocto – New Brunswick||16.40||22.95||33.33||2018|
|Halifax – Nova Scotia||15.00||21.00||27.47||2018|
|Toronto – Ontario||14.00||20.00||32.69||2018|
|Kitchener / Waterloo / Barrie – Ontario||16.20||22.00||29.74||2018|
|Ottawa – Ontario||15.93||20.63||28.00||2018|
|London – Ontario||14.36||20.51||33.33||2018|
|Prince Edward Island||12.25||17.95||25.00||2018|
|Montreal – Quebec||15.16||20.73||27.00||2018|
|Saskatoon / Biggar – Saskatchewan||16.00||25.00||30.22||2018|
The largest sector of employment for banking, insurance and other financial clerks is finance and insurance. The 2020 full-time average hourly wage rate for office support occupations, which includes banking, insurance and other financial clerks, is $24.50. The 2020 corresponding median weekly wage rate is $884, giving an approximate full-time annual salary for this employment group of $46,000.
There are around 35,000 banking, insurance and other financial clerks working in Canada.