Financial Industry Career Opportunities
Never before has the financial industry been in need of recruiting the best graduates into its services. Even during these economically volatile times when many companies are cutting back on recruitment, financial industry career opportunities are abundant. Subsequently, many top insurance companies in particular have opportunities that can lead to nationwide careers in the finance industry.
Financial careers with insurance companies.
It’s not just banks and investment houses that offer careers in the financial industry. The financial industry includes services such as insurance, which employs a wide range of financial experts, like financial planners and marketing professionals to accountants and actuaries.
Planning your financial career needs to begin before you graduate from college. To aid in the process, some of the larger insurance companies, like Nationwide, offer undergraduate opportunities, so that students like you who are considering a career in the financial industry can sample life working in a busy and successful nationwide insurance company.
In addition, bigger insurance companies like Nationwide offer opportunities to gain experience in other areas of the financial world. For example, Nationwide is licensed to offer products like auto loans and mortgages, as well as banking and retirement investments. So, in order to gain to well-rounded experience in the financial industry that you’re looking for, consider applying for a financial career with an insurance company. It could be of great benefit, especially when you’re ready for promotion in a few years time. Whether you qualify for an internal promotion or choose a position at another financial company, you’ll have gained some great experience and some fantastically transferable skills.
College graduate opportunities with insurance companies.
As a finance professional at an insurance company, you can choose from a variety of areas to specialize in, while also gaining an overview of the company’s overall financial activities. However, graduate opportunities with an insurance company like Nationwide won’t be just about the work you do for the company.
As a newly or recently qualified graduate, you’ll be encouraged to gain your certifications, like the Chartered Insurance Institute (CII) or Association of Chartered Certified Accountants (ACCA) professional qualifications, which will be useful when you seek promotions later in your career.
If you’re not 100 percent sure that a career in the financial industry is right for you, consider one of the internships available at most nationwide insurance companies. Although you’re unlikely to be paid mega-bucks as an intern, you’ll can spend a few months learning more about the financial careers available in the insurance industry before deciding to commit yourself. Internships work both ways, of course. An insurance company could offer you an internship because they’re not sure if you’re the person for them or because they hope to convince you to join their company.
Salaries in the insurance industry.
Although you can’t put a price on the satisfaction and enjoyment you receive from your chosen career, being able to pay your own bills at the end of the month is important. The following figures are just rough estimates as to your potential income as a fully qualified and experienced professional in insurance finances.
Don’t forget that these figures are for the raw annual salary and exclude any remuneration and benefit package extras you may receive when you work for an established and reputable insurance company like Nationwide. These typically include reduced personal insurance premiums for health, life, auto and homeowner insurance, as well as low cost loans and high yield retirement plans. An actuary can earn over $100,000, a risk modeling manager - up to $120,000, an underwriting manager - approaching $150,000 and a chief audit executive - up to $200,000.
A financial industry career in an insurance company can be both personally satisfying and financially rewarding. Although it may not require regular direct interaction with the public, you will be working in an industry concerned with improving people’s lives by ensuring that they have the best possible insurance coverage, for those times in their lives when they most need financial support.