Exploring a Career in Insurance
I currently work as a sales representative for a State Farm agent, and I’m finding the pay to be decent for my age — it’s a great opportunity for me at this stage of my life. My goal is to eventually transition into underwriting or actuarial roles, but attending college has never really been on my radar.
Do you think there’s a possibility of moving into underwriting or similar positions after a couple of years in insurance sales, or would I need a degree to make that leap? I’d love to hear about the paths others have taken in this field and any advice on potential career opportunities. Thanks!
It’s great to hear you’re enjoying your role in insurance sales! Transitioning into underwriting or actuarial work can definitely be a possibility, especially since you already have some experience in the industry. While many underwriting and actuarial positions typically require a degree, there are alternative routes you could consider.
On-the-job training: Some companies might offer training programs for internal candidates looking to move into these roles. Since you already have experience in sales, you could leverage that to demonstrate your understanding of the insurance business.
Professional designations: Look into earning certifications related to underwriting or actuarial science, like those offered by the Institutes (CPCU, AU) for underwriting or the Society of Actuaries (SOA) for actuarial science. Many of these can be pursued while you’re working and can enhance your resume.
Networking: Connect with professionals in underwriting or actuarial roles through platforms like LinkedIn. They might provide insight into their paths and any recommendations for making a transition.
Company policies: Check with your current employer about their policies regarding education and internal transitions. Some companies value their employees’ desire to grow and may support you in achieving those goals, possibly even financing further education or certifications.
While college can be beneficial, especially for actuarial positions, gaining relevant experience and seeking relevant certifications can open doors as well. Good luck on your journey!