When I turned 27 it was $47k. By the time I turned 28 it was $130k plus bonus because I started working a big law job a couple months after turning 27.
27, 27.. I made $75,000ish. I more than doubled my first out of college salary in less than 5 years. Insurance people. You can make $$$ in insurance and it's not that hard.
Please share. Which area of insurance? I'm stuck in my area and am not sure where to go next.
I worked for a Fortune 500 insurance company doing underwriting and business development (agency relations i.e. taking people to lunch and playing golf) for a commercial insurance line. It's 9-5, no weekends, relatively low stress although I did travel quite a bit as a developer.
Underwriting itself is really inbox/outbox. You basically assess applications for insurance and decide 1. Are you able to quote it? And if so 2. How much and what terms based on your company's appetite. Gambling with house money. The agency relationship side is more stressful because you're trying to increase applications/quote ratios/hit ratios and you're judged on a lot of uncontrollable variables. But underwriting itself didn't have the management worries in my experience.
If you're really hungry, the agency side of insurance is super lucrative. In my line of insurance, agencies typically receive 15-20% commission from the insurance company on every policy written. The producers don't get all of that but even 1-2% can add up really quickly. Plus profit sharing and lots and lots of golf.
27, 27.. I made $75,000ish. I more than doubled my first out of college salary in less than 5 years. Insurance people. You can make $$$ in insurance and it's not that hard.
I worked in Insurance too. It wasn't a bad gig at all.
I didn't appreciate it fully till I started hanging out around here.
Around $60k. I was in the middle of the 2-1/2 year probationary period. There wasn't a significant jump until you passed probation, but then the step increases were pretty quick and sizeable.
I'm glad to know your background and will keep that in mind if I ever start aggressively looking and need advice if you don't mind!
Just apply to anything that you see! Companies love people with that kind of experience. I have a finance background but one of my best work friends had a degree in psychology and worked her way up to senior underwriting specialist in a few years. After being hired as a temp, seriously. I feel like it's still an industry where if you can get into it somehow and work hard, you'll move up quick.
And I had to modify this because I totally quoted you lol. Sorry!
Post by swimmette on Sept 22, 2014 21:12:05 GMT -5
Sigh, about $25K more than I make now. However, I was in a management position and the rules regarding stipend work and restrictions were virtually nill. Since then I have stepped down from a management position and reduced stipend work significantly to focus on family and other business interests. I will be leaving my position in about 9 more months all together to focus completely on family and growing side businesses to be as successful as our current business (H's job).
my job was/is just under $30k/year, but I was on mat leave for 7 of those months with reduced salary. so I'm guessing I grossed $17-18k? 27 just ended last week!
I quit my $65k/year job about 4 months before turning 27, moved and was living off of savings while DH started law school and I looked for a new job in a completely different field. So... $0?
Post by dragonfly08 on Sept 23, 2014 6:15:01 GMT -5
I was a doctoral student living on a graduate assistantship. Even if you include everything it covered (fees, etc.) in addition to my pay that I would have otherwise been OOP for, I was definitely in the under $25K camp.