Jobs in Toronto, Canada
Toronto, one of the most culturally diverse cities of the world is engaging, vibrant and full of life. The population is entirely cosmopolitan and over 140 languages are spoken here. When the weather is fine, Toronto is exhilarating to explore. With its world-class restaurants, countless hip-hop pubs and bars and extravagant shopping malls, Toronto exhales an air of freshness and freedom, and that makes it so popular among the youngsters and aspiring working professionals.
Finance is Toronto’s Key Service Area
This Canadian city possesses everything that is needed to give your career the right start, in fact, a little more. Being the fifth largest city in North America, Toronto is considered to be the economic powerhouse as it generated a whopping $157 billion in 2013, which is equivalent to 10 percent of country’s GDP. The economy of Canada is mostly based on financial industry growth. The finance industry, including banking, insurance, securities and several other financial services is the main recruiter of more than 420,000 jobs across the entire country, including Toronto. This is the most dominating sector that has alone created the most high-paying jobs, despite the crippling effects of global recession 2008. In every way, Toronto gives a stiff competition to the other iconic international financial centers of New York, London, Shanghai, and Dubai. Hence, if you are looking for a career in finance then Toronto is the place for you. It leaves no room for disappointment. Oshawa on the east, Hamilton on the west and Barrie on the north are some of the major finance districts which you have to look out for if you are trying for this industry.
Lucrative Job Sectors in Toronto
Besides finance sector services, information technology industry, life sciences sector, automotive industry and academic institutions and research centers are some other notable areas in which Toronto takes pride in. Countless pharmaceutical companies, like GlaxoSmithKline, Sanofi and Roche have opened head offices in Toronto area, as this city has become a global hub for life science and biotechnology related services. Some of the best research centers of the world, like Ontario Institute for Cancer Research and the Toronto Hospital for Sick Children, are located here. The manufacturing sector is also performing really well and employing numerous fresh graduates and experienced personals.
The technology sector in Toronto ranks third largest in the whole of North America and the largest in Canada. Canadian technology companies invest huge amounts of money in their R&D wings. Among the top 250 tech companies in Canada, more than 40% are headquartered in Toronto only. Over 168,000 people are working in this industry and the numbers are on the rise with each year passing. This sector boasts of a highly-educated workforce, as more than 50% employees have a bachelor’s degree or some form of higher education certificates.
How to find jobs in Toronto?
For newcomers, finding a suitable job in Toronto can be tricky and time-consuming. However, Toronto fully supports newcomers and for their benefit and to make the search easy and quick has launched several resources, programs, and services. To work in Canada, you need a Social Insurance Number, a 9-digit number required to get numerous government benefits. Then you need to update your resume on numerous job portals and visit numerous job-related websites to find vacancies in Toronto.
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