Insurance may not be a very lucrative industry to work but one cannot negate the fact that it offers stability, challenge and growth like other sectors. Unlike the popular myth that one can only work as an insurance agent there are other areas of opportunity as well. There are many more career opportunities available like marketing, human resource, underwriting etc which offer great job satisfaction. Whatever the profile might be each comes with its own set of advantages and disadvantages. One of the biggest advantages of working in the insurance sector is that it is comparatively recession proof as compared to the other sectors. This is because the companies tend to be fiscally conservative. Also the company is not influenced by what state the economy is in. This also brings a lot of stability in your job and career. This aspect has a down side as well. During economic fluctuations selling the insurance products becomes a tough job. For example there are fewer automobiles being purchased or relatively lesser number of people applies for a health insurance or any other.
Advantages of the insurance jobs
Another point of advantage with most of the insurance jobs is that they are regular 9-5 jobs. Hence is a little stress free in comparison to IT jobs or jobs in any other sector. Apart from just selling insurance product companies today are launching other financial products securities, retirement plans, pension plans and mutual funds. Therefore there is an increase in the scope of learning by venturing into new fields. Some of the insurance companies offer jobs on a part time basis to students. This gives you an opportunity to earn while you learn. Lastly one can say that the industry gives a plenty of room to grow and help you gain long term career benefits.