May 2005 — PRINT EDITION    
 
Table of Contents
   
 

Largest employers, part II

Last month, we looked at the largest  employers of CAs in public practice. More than half of all CAs, however, work outside public practice — 52% work in industry or academia and 7% in a government or Crown corporation.

So where do most of these CAs work? As you might expect, CAs in industry and academia are spread out across a wide range of organizations and fields. In fact, only eight companies employ more than 100 CAs and the top 20 companies account for only about 2,500 CAs.

The chart below ranks the largest employers of CAs in industry and academia based on the number of CAs they employ. Not surprisingly, Canada’s financial services sector is well represented. The country’s largest banks hold the top five positions and the list includes six other financial services companies.

Outside financial services, Bell/BCE is the largest employer of CAs and is the only nonfinancial services company that has more than 100 CAs. These CAs, however, are divided among the organization’s many divisions and subsidiaries. The only other nonfinancial services companies in the top 10 are in the technology sector: IBM and Nortel. Université du Québec is the only academic institution to make the list, with 74 CAs across its many campuses.

In a future column, we’ll look at CAs in government and Crown corporations.

Ranking of industry/academia companies by number of CAs employed

Rank

Firm

CAs Employed*

1 Royal Bank of Canada

281

2 CIBC

274

3 Bank of Montreal

259

4 TD Bank Financial Group

194

5

Bank of Nova Scotia

183

6

Bell/BCE

157

7

Desjardins Group 135

8

National Bank of Canada

110

9

IBM

92

10

Nortel Networks

91

11

Manulife Financial

84

11

Bombardier Inc.

84

13

Université du Québec

74

14

Canadian Tire Corp.

70

15

Telus

67

16

Sun Life Assurance Co.
of Canada

66

17

Loblaw Co.

65

18

HSBC

61

19

Alcan Inc. 54

20

Nexen Inc. 50

20

Merril Lynch 50

20

Enbridge Inc.

50


* As of January 2005

John Tabone is CICA's manager of innovation

 
RELATED LINKS
  

Largest employers, part I, CAmagazine, April 2005

Sizing up CA employers, CAmagazine, October 2004

CA is the key, CAmagazine, June-July 2004

Profs of the profession, by Anna Maria Greene, CAmagazine, March 2004

Ticket to the top, by John Lorinc, CAmagazine, October 2003