After graduation, the biggest challenge for college students is finding a job that can turn into a career. Starting your first job out of college will help you be independent. However, without a strong career path backing that role, it is easy to get stuck in the same routine. The insurance industry offers a career that people can be passionate about. Additionally, it offers the potential for unlimited income and growth.
According to the Insurance Journal, “The insurance industry workforce is old. The average age of an insurance industry professional is 54, and 60 percent of insurance industry professionals are older than 45. According to a 2010 McKinsey report, 20 percent of the insurance workforce is near retirement age compared to 15 percent in the broader financial services workforce. By 2018, this number for the insurance industry is expected to rise to 25 percent.” The aging workforce in the insurance industry forecasts the increased demand for younger agents to fill these roles. The near retired agents can pass down their knowledge to younger agents in order to fill the void of job openings in the future.
Every person will have some type of insurance. This includes life insurance for peace of mind, auto insurance to legally drive a car, and home insurance to protect peoples’ most valuable assets. The industry will be stable for generations because there will always be a demand for our products.
College grads entering the insurance industry can expect a variety of skills learned over their career. Some of these skills listed include:
These are some of the most important skills anyone can develop if they plan to build a career as a future agency owner.
When graduates start looking for jobs post college, there are many factors that lead them to choosing which company they want to affiliate with.
From an article in the Harvard Business Review it was stated, “You might expect things like ‘company mission’ or ‘market leadership’ to be on top. However, ‘people and culture fit’ is number one, followed by ‘career potential.’ We expected ‘compensation’ to be within the top five but were somewhat surprised that it was only ranked fourth.” Career potential is a major factor for young adults when searching for their first job after college. Farmers offers the perfect fit for people with this mindset.
Farmers Insurance has many entry points. This includes the Protégé program which allows college grads to jump start their career in the insurance industry. The program is designed for entrepreneurial minded people who want to sharpen their skills and business knowledge. The experience will provide proteges the knowledge that’s necessary to own a Farmers agency. Protégés will learn from a Farmers agent mentor for 12 months about how to successfully be a business owner in the insurance industry.
The Protégé program is a great opportunity for anyone who is interested in becoming a business owner in the insurance industry with the support of Farmers Insurance. I would like to help you identify how the program or any of our other entry points could help you attain your goals. Give us a call at (424) 213-8900.
Let's chat about how you can become an agency owner and learn about how our team can help you achieve your dream and grow in your career
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