You may find yourself feeling unfulfilled and wondering if there's more to life than just selling policies. If so, then it’s time to break free from the insurance game and explore new horizons. We've tapped into our inner gurus to come up with the top 6 alternative career paths for insurance brokers that could be perfect for your unique set of skills.
Being an insurance broker can be a tough gig. Between endless paperwork, pushy clients, and the fact that you're always on call, it's enough to make even the most seasoned broker want to pull their hair out.
Sure, insurance may be your bread and butter, but who says you can't have your cake and eat it too?
The skills you've honed in your time as a broker can be applied to a wide range of industries. From negotiation and sales tactics to risk assessment and client management, your expertise is in high demand.
We've compiled this list of the top 6 alternative career options for insurance brokers that will have you excited to wake up in the morning:
This article will help you identify potential job roles, understand income expectations, and explore how no-code development can help you transition from an insurance broker to a more fulfilling career.
Trade the policy forms for property listings. Help the clients get the best possible price for the property as a real estate agent.
You’ll make good real estate agents because you already know how to navigate complex regulations, identify risks, and negotiate deals. Plus, you are pro at finding ways to balance business needs with client satisfaction.
Earning Potential
The average salary for a real estate agent is around $47,500 per year in the UK. The earning potential ranges between $15,000 - $75,000
Skills To Develop To Transition To Real Estate Agent
Negotiation, Knowledge of real estate laws, Interpersonal skills, Active listening skills, Communication skills
Looking for a new career that's a surefire bet? Consider becoming a sales coach!
You will be responsible to identify areas for improvement in the sales process and develop strategies to increase success. A sales coach is the ultimate wingman for sales reps, teaching them techniques to build rapport with customers, increase confidence and overcome objections.
You've already got experience in selling, so why not share your expertise and help others reach their goals?
Earning Potential
The base pay of a sales coach is around $45,000. You can expect an earning potential between $30,000 - $75,000.
Skills To Develop To Transition To Sales Coach
Sales expertise, Training and development skills, Leadership, Interpersonal skills, Analytical skills
Become the ultimate storyteller with a business edge.
You’ll have to create a marketing strategy that will resonate with your target audience, increase your brand awareness, and ultimately drive sales, also navigate the ever-changing marketing landscape, so you can stay ahead of the competition.
As an insurance broker, you've already got a knack for analyzing market trends and identifying customer needs.
Earning Potential
The average salary for a marketing manager in the United Kingdom is approximately $57,000 to $75,000 per year. The earning potential of a marketing manager can range between $45,000 - $80,000.
Skills To Develop To Transition To Marketing Manager
Sales skills, Strategic thinking, Market research, Creativity, Data analysis
Take the plunge and become an investment planning wizard. As an investment planner, you’ll create a personalized investment strategy that will maximize your client's returns and minimize risks.
You’ll navigate the often-complex world of investing, to make informed decisions about the money.
You already know how to navigate complex regulations, identify client needs, and build relationships.
Earning Potential
The median salary for an investment planner is around $48,000 in the UK. The salary range for an investment planner in Europe typically falls between $40,500 to $98,000 per year.
Skills To Develop To Transition To Investment Planner
Financial analysis, Investment strategies, Market research, Risk management, Regulations and compliance knowledge
As a financial advisor, you'll get to take your expertise to the next level by helping people plan their futures and achieve their financial dreams.
You’ll need to be an expert in all things money-related, from budgeting and saving to investing and retirement planning. You’ll help clients create a personalized financial plan that will help them achieve their goals.
You are already a pro at finding ways to balance risk with financial gain.
Earning Potential
The average salary for a personal finance advisor in Europe is approximately $40,500 per year. The earning potential ranges between $25,000 - $70,000.
Skills To Develop To Transition To Personal Finance Advisor
Investment management, Financial planning, Risk management, Relationship building, Tax planning
Ready to take the leap into the exciting world of e-commerce? As an e-commerce seller, you'll get to unleash your entrepreneurial spirit and build your own brand from the ground up.
You will identify profitable niches and products, develop your brand identity, and create marketing strategies that will drive traffic to your online store. You’ll also need to navigate the world of e-commerce platforms, payment gateways, and shipping options.
Earning Potential
The average earning for an e-commerce seller in Europe is around $38,000. However, the earning potential can range from $23,300 to $67,700.
Skills To Develop To Transition To E-com Seller
Product knowledge, Marketing and advertising, Sales skills, Inventory management, Technical skills
Don't let your technical skills limit your potential career opportunities. Instead, consider the power of no-code development. Keep reading to learn more about how no-code can help you achieve your career goals.
No-code development is a sort of web development that allows you to create websites, web apps, mobile apps, task automation, and much more, without writing a single line of code.
The earning potential can range between $30,000 - $130,000 or even more if you have a strong portfolio and advanced skills.
As insurance brokers don’t have a tech or creative background, so appropriate training, guidance, and practice can easily help them to get a hang of no-code development.
Know the basics: Before diving into no-code tools, it's important to have a fair understanding of key concepts such as database design, user experience, graphic design, etc.
Invest in courses or guides: Investing in online courses or certifications is an amazing way to fast-track your learning curve. No-Code Foundations Program can help you re-invent your career by learning tech skills without code.
Foundations program is a 6-week cohort-based program designed to help you re-invent your career by learning tech skills without code.
Get hands-on experience and practice: Try out different no-code platforms and build sample projects to gain practical experience and truly master the tools.
