Better Job Prospects -Calgary Or Toronto

[Hussain124]

Hi All,

I am 40 year old, currently working in banking sector in India and earn close to 80k INR. I am able to save 50% of my salary since I am not yet married, so I do not have any major expenses. I got my COPR and would be flying in 1-2 months time to Toronto. I need some clarification -

1) I have an option to either quit my job or take a leave for one year from my office. What will be better option.
2) My uncle is already there in Toronto, so first, I will land in Toronto. However, I do not have any issues in migrating to other cities if there are good banking jobs. Is it possible? What will happen to the Medical Insurance?
3) Banking Jobs per se which city is better?

 

[Jalex23]

1) I have an option to either quit my job or take a leave for one year from my office. What will be better option.

Only you can know.

2) My uncle is already there in Toronto, so first, I will land in Toronto. However, I do not have any issues in migrating to other cities if there are good banking jobs. Is it possible? What will happen to the Medical Insurance?

It is possible.

You'll have to ask your insurer.

3) Banking Jobs per se which city is better?

Toronto

 

[Menka2822]

Hi,

I am 27 year old and I have completed my graduation in Bsc. Mass Communication but I am working as Business Development Manager in an IT company for more than 5 years. Very soon I will be getting married to someone who has a Canadian PR and will move on with my spouse to Canada. I would like to know if working in a different field other than what my educational qualifications are can i Job in canada?

Waiting and anticipation!

 

[newtone]

Absolutely, as a matter of fact Canada must be one of the very few countries where your education has nothing to do with the job you are doing. I have seen Doctors drive taxis, Engineers working at McDonalds, English majors working as IT specialists, Dentists working as security guards, Historians working as janitors, Marine biologists installing dish antennas. You will fit right in. So yes you should be open to change and the challenges.

 

[Menka2822]

Thank you so much for your help

 

[Hussain124]

Hi there -I have 10 years experience in Banking. As I understand, it may take time for one to get a decent job and maybe one has to be contented for atleast 1-2 years doing a Temporary one. However, how do I start my search, when, I am in Canada -Toronto. Also are Temporary jobs easy to get. Or we have to be prepared to do some odd jobs also.

 

[Jalex23]

Hi there -I have 10 years experience in Banking. As I understand, it may take time for one to get a decent job and maybe one has to be contented for atleast 1-2 years doing a Temporary one. However, how do I start my search, when, I am in Canada -Toronto. Also are Temporary jobs easy to get. Or we have to be prepared to do some odd jobs also.

This goes in a case to case basis. If you have a PR and you are good at your job you can definitely aim for junior positions.

 

[explorer]

My suggestion, take leave, land there & search for jobs. One year could be sufficient to get a job of your line. Wherever you settle you can't save like in India.

Hi All,

I am 40 year old, currently working in banking sector in India and earn close to 80k INR. I am able to save 50% of my salary since I am not yet married, so I do not have any major expenses. I got my COPR and would be flying in 1-2 months time to Toronto. I need some clarification -

1) I have an option to either quit my job or take a leave for one year from my office. What will be better option.
2) My uncle is already there in Toronto, so first, I will land in Toronto. However, I do not have any issues in migrating to other cities if there are good banking jobs. Is it possible? What will happen to the Medical Insurance?
3) Banking Jobs per se which city is better?

 

[RocketCity]

I am 40 year old, currently working in banking sector in India and earn close to 80k INR. I am able to save 50% of my salary since I am not yet married, so I do not have any major expenses.

At the moment you are saving around $9000 per year. How easy is it to save $9000 per year in Canada? What salary would be required to save that much in Toronto?

 

[rawdah]

Hi there -I have 10 years experience in Banking. As I understand, it may take time for one to get a decent job and maybe one has to be contented for atleast 1-2 years doing a Temporary one. However, how do I start my search, when, I am in Canada -Toronto. Also are Temporary jobs easy to get. Or we have to be prepared to do some odd jobs also.

You can get in touch with Immigrant serving agencies once you land. Maybe you can get some useful info / tips from the employment counsellor there. Also look for job fairs.

 

[viveksharma]

At the moment you are saving around $9000 per year. How easy is it to save $9000 per year in Canada? What salary would be required to save that much in Toronto?

Once you get a decent job paying $6k per month then post tax income would not be less than $4.2K. A single person would, on an avg, not spend more than $2k p.m. So saving pm is around $2K. Do the savings math now. I agree initially, may not be easy to get $6k but, once you get that ( may be after a year or so) the savings would be much more.

To OP - Think of the long term. I am sure you can save much more than your current saving of $9K

 

[mak142003]

Hi,

I found this discussion very helpful. my question is somewhat similar but relating to Financial accounting

I will be moving to Canada in Sep this year, qualified CMA (USA) and studying ACCA (UK)

I had made up my mind to move to Calgary, reason being my wife is a chemical engineer and she relates more to the Oil & Gas and related fields.

However, Calgary economy and employment rate (3% up YoY) is obviously declining. It will take longer to find a job in same field. Toronto on the other hand, is doing good with employment rate 18.3% up year on year this june. Competition is higher as Toronto is 3 times bigger in terms of the population. BUT again not sure how helpful is this indicator for Finance. BUT I am not sure what is in there for Finance people.

Cost of living in Calgary is somewhat cheaper and weather wise I don't see much issues.

I have not looked at other options because in Calgary we have a friend and in Toronto i have a relative settled.

My main worry is in terms of job availability, which place provides better opportunities for finance people.. Calgary or Toronto?

Thanks,

 

[torontosm]

Hi,

I found this discussion very helpful. my question is somewhat similar but relating to Financial accounting

I will be moving to Canada in Sep this year, qualified CMA (USA) and studying ACCA (UK)

I had made up my mind to move to Calgary, reason being my wife is a chemical engineer and she relates more to the Oil & Gas and related fields.

However, Calgary economy and employment rate (3% up YoY) is obviously declining. It will take longer to find a job in same field. Toronto on the other hand, is doing good with employment rate 18.3% up year on year this june. Competition is higher as Toronto is 3 times bigger in terms of the population. BUT again not sure how helpful is this indicator for Finance. BUT I am not sure what is in there for Finance people.

Cost of living in Calgary is somewhat cheaper and weather wise I don't see much issues.

I have not looked at other options because in Calgary we have a friend and in Toronto i have a relative settled.

My main worry is in terms of job availability, which place provides better opportunities for finance people.. Calgary or Toronto?

Thanks,

Toronto is the financial centre of Canada and offers more finance opportunities than Calgary. This is particularly true these days, when most oil and gas firms in Alberta are retrenching and restructuring.

 

[sumitha]

We plan to move to Canada mid next year after getting PR. My husband is an control and instrumentation engineer in the oil and gas field. Can any one please tell me how are job opportunities for control and instrumentation engineer in Canada. Which are the areas which have good opportunities?

 

[Jalex23]

A single person would, on an avg, not spend more than $2k p.m. So saving pm is around $2K.

Yeah in theory... after rent of course... which can go from 1.2k to 1.5k for an apartment or if with a mortgage you can go near 2k a month easily... then 2k for your personal expenses (bills, credit car payments, groceries, insurances, etc) that should be around 1.5-2k a month.... so that is around 4k a month.

So 4.2K earnings - 4K expenses * 12 months = 2.4K of savings.

Maybe someone that is already settled, all wardrobe done, all the house done (furniture, appliances, renovations, etc.) and with no family might keep personal expenses below 1k a month and can save the rest, which would add up to 12k a year.... and that is with a salary of 75K a year, which is a normal salary for someone with 5 years of Canadian experience?

Calgary or Toronto?

Toronto.