When you envision a fun and exciting career, the insurance industry may not be the first thing that comes to mind. Bland and beige offices or slick and talkative salesmen might be more of what you envision. But these caricatures couldn’t be further from the truth. The insurance industry is growing increasingly innovative and dynamic and attracts people from all walks of life.
What most people don’t realize is that a career in insurance provides a multitude of benefits for professional development and an array of specialized opportunities. Need a little more convincing? Here are five advantages of a career in insurance
1. JOB SECURITY
As long as people continue to need medical care, drive cars, own homes and run businesses—–the need for insurance is here to stay. At MJ, it’s our mission to protect what individuals and businesses care about the most.
During difficult times such as an economic recession or when tragedy strikes, insurance is more stable than other fields of work. That’s because no matter the state of the economy, people and businesses will always need protection from risks. Employment at an insurance company or an independent agency offers more job stability than many other industries.
2. ABUNDANT OPPORTUNITIES
Research predicts that by 2025, millennials will make up 75% of the global workforce – but only 4% of millennials express an interest in the insurance industry. Additionally, half of the insurance workforce is set to retire by 2028. These statistics demonstrates that the world of insurance is wide open for the next generation of professionals and provides strong potential for advancement.
Fields like tech, IT and data analytics are becoming a mainstay in the industry as many companies are incorporating cutting-edge technology into their products and services. MJ is ahead of the game with our own proprietary analytics tool APERTURE, which we’ve integrated into our risk management and employee benefits solutions. This tool gives our client’s the ability to make data-driven decisions about their risk management and employee benefits plans—and gives MJ the ability to continue to innovate.
There’s a wide range of specialties available in an insurance career. Whether you want to pursue marketing, sales, project management, human resources or consulting—odds are, there’s a place for you to use and develop your skills through a career in insurance.
3. GROWING DIVERSITY
Historically, the insurance industry has been perceived to be largely a “male, pale and stale” industry. As awareness of this perception has grown, more companies are implementing robust diversity programs to ensure a more welcoming and inclusive workplace.
As the industry expands, the need for new ideas from diverse perspectives, experiences and backgrounds grows with it. In recent years, we’ve seen an uptick in companies proactively engaging in the diversity conversation. Many are aware of the challenge and continue to implement changes in their hiring and promoting decision-making, talent retention strategies and diversity training.
For those who desire to be a part of the solution and contribute to the conversation, consider an insurance career path and engage with others who have life experiences and perspectives different than your own.
4. MAKE AN IMPACT
The very nature of insurance involves an opportunity to do good and help others. In life’s most difficult moments—the death of a loved one, a house fire or getting injured on the job—insurance functions as a safety net, protecting individuals and businesses when they need it most.
Job seekers often look for roles at organizations where they can make an impact—both professionally and in their local community. That’s one reason why MJ launched the MJ Foundation—to be an intentional, active force for good in the communities we call home. It’s a prime opportunity to make a difference by targeting our efforts to causes that help overcome poverty, advance education, foster diversity and embrace humanity.
These philanthropic initiatives empower our employees to give back and increases their job satisfaction, ultimately leading to more happy and healthy employees.
5. HIGH POTENTIAL FOR GROWTH
Contrary to the stereotypical perception, the world of insurance is far from boring. It’s a highly competitive industry, full of promise and opportunity. Companies and agencies are growing at a rapid rate as they compete to offer the best products and services here in the U.S. and abroad.
You may be surprised to learn that an insurance career offers an exciting, ever-changing dynamic. There’s always something new to learn. Like putting together pieces of a puzzle, working in insurance involves figuring out what solutions will work best for the unique needs of our clients. There’s a consistent theme of needing to strategize, to think creatively and learn new skills. An insurance career offers the advantage of engaging in stimulating and innovative work, with a constant challenge to learn and grow.
We hope these advantages help you consider a career in insurance. We’re always looking for individuals ready to jump in and be engaged. So, if you’re intrigued and want to see what possibilities exist at MJ, please check out our current Career Opportunities. And keep checking back for more—you never know what great things your future might hold!