Financial services sector is accountable for over $60 billion in GDP and demands a strong employee supply to support the importance of this industry. Toronto is the 2nd largest financial services hub behind New York City and is considered the headquarters of Canada for financial services. Canadian financial firms have developed an incredibly strong infrastructure of stability even in the wake of economic downturns and it all begins with the employees they hire in continuing to maintain that stability and strong service.
Both consumers and Business rely on the support of financial firms in helping us to save money, make educated investment decisions, grow our infrastructure, grow our small businesses, and help efficiently manage our everyday financial transaction. From front end to back end, this industry is key to the everyday success and growth of both personal and commercial development.
With Toronto being the largest contributor to the Canadian economy, at approximately 20% of national GDP, Ontario has supported this thriving industry by providing a steady supply of talent from over 40 universities & colleges. Ontario also accounts for 14 MBA programs from schools like Rotman, Ivey, Queens, and Schulich that produce over 40, 000 business graduates a year. Toronto has continued to support this supply of talent by adding more than 55,000 new financial services jobs between 2012 and 2017, according to The Conferences Board of Canada’s sixth annual report card on the city’s financial services sector.