The media has been full of stories talking about how job prospects look bleak for lots of new graduates breaking out into the workforce. But there's always another, more optimistic side to consider. A big shift is underway in the insurance industry that many may not be aware of, and here's the secret: lots of insurance industry employees are retiring — or else they're gearing up to leave. And that means new opportunities for those left behind and entry level positions will be opening up.
It's really an undiscovered country for many young adults today. They really aren't familiar with what the insurance industry offers or what jobs might be available. Some might even think of the old stereotype of the pushy door-to-door salesman in a stained trench coat trying to sell you a useless policy. It goes without saying that those days are long gone. In fact, the options are endless for new graduates who are looking for an interesting career with lots of continuing education opportunities and a stable, secure future.
To a new graduate who might have a limited exposure to the financial industry — except for their own bank account — the idea of finding a job within an insurance company might seem daunting. It's true that job searching takes work, but according to Fortune, the perks are worth the effort once you land the job:
• The opportunities for advancement are real, thanks to life-long learning. There are many different insurance-related courses available in Canada that provide accreditations, charters, diplomas, licences and degrees. And the best part is that many companies will pay for your training.
• Unlike many other jurisdictions, the Canadian financial industry is very stable. And, the Canadian insurance industry is growing and that means jobs.
• It's challenging, interesting work and many insurance companies are regularly included on yearly "best employer" lists.
Like other financial institutions, insurance companies are divided into different departments that require the talents of hundreds, if not thousands of people. And it's encouraging to know that you don't have to be a math whiz or an MBA grad — although, they're needed too — you can be a science nerd or an artsy with a flair for writing (like this author). Here's a list of the areas that may need people now and in the near future.
• Broker/Agent (Sales and Service)
• Underwriter
• Loss Adjuster
• Risk Manager
• Claims Advisor
• Marketing Specialist
• Loss Control Specialist
• Actuary
• IT Support
• Accounting/Finance
• Human Resources
• Project Management
