How you can Acquire Work at a Big Insurance Company

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Insurance company jobs are all around for those who have the right aptitude. Insurance jobs with great insurance companies can turn into great insurance jobs that afford you a lot of money and a great lifestyle, if you are up for working hard to get there.

Getting jobs with big insurance companies may be easier than you believe, depending on what job you want with them.

If you want to be an actuary or an underwriter, you will need to have the right degree (statistics/actuarial sciences, economics/MBA/personal finance), and then you will have to get the right certification. You can start off with smaller insurance companies to build up your reputation, and then after a few years begin applying to the larger firms. Actuaries might also find work at first with an R&D lab at a science foundation or with a corporation, although the vast of majority actuaries work for insurance companies or the government. Underwriters are employed in the investment world as well as the insurance world, so you could also find work with financial firms first. In both instances you need to pass the right specialized exams to get the certification you need for employment in those fields.



Insurance company jobs are all around for those who have the right aptitude. Insurance jobs with great insurance companies can turn into great insurance jobs that afford you a lot of money and a great lifestyle, if you are up for working hard to get there.

Getting jobs with big insurance companies may be easier than you believe, depending on what job you want with them. If you want to be an actuary or an underwriter, you will need to have the right degree (statistics/actuarial sciences, economics/MBA/personal finance), and then you will have to get the right certification. You can start off with smaller insurance companies to build up your reputation, and then after a few years begin applying to the larger firms. Actuaries might also find work at first with an R&D lab at a science foundation or with a corporation, although the vast majority actuaries work for insurance companies or the government.

As an actuary, you'll be a statistician who computes insurance risks and, based on them, premiums to be charged for products for a given insurance company. You'll analyze applicants' medical records and other criteria to determine how long they are likely to live from the date of the application onward if you work at a life insurance company, which is where the majority of actuaries are employed. Otherwise, you'll use statistics to calculate the odds of a risk of loss to the insurance company/firm.

As an underwriter, you secure the funds for an insurance client. You have to agree, based on your analysis of the applicant's data and what the actuaries tell you, as well as the general guidelines of the particular company, to risk the insurance company's money and assets at such-and-such a premium to the applicant.

But, you might not have the aptitude or the education, or even the desire. You need to get these insurance jobs. Instead, you might want to be a field agent--a financial advisor for a life insurance company or a salesman for P&C insurance or health and health-related insurance (life insurance agents, or financial advisors, are also sales reps and they very often are able to sell health insurance, too).

It is easier to get these insurance jobs, even with large insurance companies, than the others mentioned because these are based far more on pure ability than they are on educational background. These can be great insurance jobs for the right people. Even their managers are often envious of those who are successful in this role because of the freedom they have while making excellent money.

If you go to apply for one of these insurance jobs with a large insurance company right from the start, you'll probably have to pass a specialized test to see if you have the right aptitude--you'll need to be sociable, aggressive, self-motivated, interested in financial matters, and so on. This is a very tough job at first, and you'll need to work heavily and persist for two or three years to really become successful and start enjoying all of the other benefits; given this, there is an extremely high turnover ratio for insurance salesman, so you have to demonstrate a certain aptitude to get considered for hiring. If you begin with a smaller insurance agency like a local brokerage, you'll just have to give a good interview. Again, this interview will be far more about your capabilities than about any experience you have in the field already. It can help you get in with a larger agency if you have previous experience with a smaller one.

Either way, you'll then have to get licensed to sell insurance if you aren't already. You will attend an insurance school for anywhere from a couple of weeks to a couple of months, depending on how often your classes meet every week. If you pay attention in class and study diligently, you should have no problem passing the exam that enables an insurance company to license you.

Average annual pay for these insurance jobs is, respectively:

Actuary - $81,000

Underwriter - $67,000

Insurance agent - $57,000

Insurance manager - $60,000

All of these great insurance jobs have six-figure potential.
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 financial firms  insurance  financial advisors  instances  investments  insurance jobs  degrees  exams  life insurance  funds


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