Looking for a rewarding career?
Want to make a difference? Get paid for helping others when they have a disaster.
Want stability in your career? Insurance companies still hire during economic downturns.
Consider a career in the risk management and insurance industry…
…you can’t drive a car or get a loan without insurance… businesses can’t operate without insurance… many people and their families would suffer greatly without insurance.
|
Do you… |
Career to consider… |
What you will do… |
What you will earn* |
|
Enjoy math? |
Actuary |
Analyze statistics, calculate rates |
$68,000 |
|
Want to run your own business? |
Agent |
Sell and service insurance |
$47,900 (six-figure commission potential) |
|
Like to investigate? Like to help people? |
Claims Adjuster |
Investigate accidents, pay claims |
$45,200 |
|
Enjoy puzzles, analysis, making decisions, and being creative? |
Underwriter |
Decide who to insure, and at what terms and prices |
$52,600 |
|
Enjoy working in the field helping people avert disaster? |
Loss Control Rep |
Inspect and advise people how to prevent losses from occurring |
$47,800 |
|
Like to ponder “what if” situations and prepare for them? |
Risk Manager/Analyst |
Identify risk exposures, implement programs to control or finance risks |
$54,800 |
- CNN Money identified Risk Management Director as the “second best job in America” based on pay, growth, personal satisfaction, and benefit to society.
- Entry level salaries above can grow with experience. Claims Adjusters, Loss Control Reps earnings can rise into the $60,000s; Underwriting managers and directors can earn up to $150,000; Risk Managers rise into the $100,000s, and Agents owning their own business may eventually sell their agency business for seven-figures.
- Bureau of Labor and Statistics, September 2016: 2.58 MILLION people employed in the U.S. insurance industry alone. The insurance industry added 105,000 jobs between 2011 and 2017, and BLS projects another 167,000 jobs by 2026.
- Work for some great companies that will value your contribution.
- The risk and insurance industry must replace 400,000 retiring baby boomers by 2020.
For more information, contact the Ferris State Risk Management and Insurance Program email DavidBrown@ferris.edu, or call 231.591.2430 today!
*Source: Salary.com, median entry-level salaries excluding bonuses and benefits.