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Selling Insurance
#16

Selling Insurance

Sounds like AFLAC, which is a saturated sale in almost every market. My best friend, who also had a marketing degree out of a state school, worked with them his senior year and got his licensing out of the way so he started selling for them about 20 hours per week the semester we graduated on a commission only basis. He moved to Florida a couple of years out of school and got into a regional property & casualty firm there before moving to one of the big P&C players (AJ Gallagher, Marsh-McClennan, Aon, etc.). He's 31 and making about $200k as a VP in his office now. I actually just visited him a couple of weeks ago and we were talking about how shitty the AFLAC gig was but he grinded it out and looked for other opportunities when they presented themselves. He could open his own shop but he's not interested in the entrepreneurial route and he's now looking into gigs to do work for hedge funds that invest in huge re-insurance policies where he could double his current income in the next couple of years.

All that is to say that it is possible to make it by starting out in an environment like that but you will probably bounce around a little. You could be a great salesman, get lucky, and be making $250k per year by your late 20s with AFLAC but it's unlikely. Less than 5% of people that get into the insurance industry survive longer than 18 months. If you're really passionate about it, give it a shot, but keep looking for other opportunities with a base salary if you can.
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