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insurance --> finance?

Question :

I really want to join the finance sector and be rich. However, even after trying for a long time I haven’t had any chance of breaking in. Some friends suggest I try as an insurance agent first. I worry that there is no stable income or even a base salary in the worse case. I only have admin experience with degree. Is it easy to get into insurance? Need to study any course? Is there any path into finance afterwards? And how long do I need to work in insurance before there’s a chance to go into finance?? Any other advice to join finance?

Posted by tze on Tuesday, 18 Jun 2013

Comments :

Mark Enticott - Career Doctor

Posted Wednesday 17th July 2013 12:34:00 AM


There are a number of factors that should be considered before deciding what career is right for you. If you are passionate and driven about your selected career, I believe that the appropriate remuneration will be relative to what the market pays for the role you are doing. However, I don’t believe that a career should be selected based on the fact that you want to be rich. The first thing you need to consider is why is a career in the finance sector attractive to you outside of the money aspect? You also then need to work out what area of the finance sector you want to specialise in and do you have the relevant skill set to work in that area. A good way to obtain this information is doing research on the types of roles that exist in the finance sector. Furthermore, talking to people that work in the jobs that are of interest to you is a great way to understand the steps they made to get to the position they are currently in. This will then provide you with the relevant information you need and you can start to map out the steps and studies required. In relation to your question about the insurance sector, this can only be answered once you have worked out the role you want to do in the finance sector. It is also important to remember that when you interview for future positions, many interviewers will be looking for a detailed understanding of what attracted you to the role you have applied for and the appropriate level of passion and drive. Therefore, the answers to these types of interview questions need to be deeper than the motivation to be rich. In summary, I believe you need to take a step back and apply a more methodical approach to what you are trying to achieve and be specific about the types of roles you believe are suitable for and then it is only at this point that you can make appropriate steps to achieving these career goals.

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