There is more than meets the eye when it comes to being an insurance broker. For example, did you know that they make an average of $48.71 an hour? That's $101,322 a year!
Between 2018 and 2028, the career is expected to grow 10% and produce 48,300 job opportunities across the U.S.
There are certain skills that many insurance brokers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed analytical skills, initiative and communication skills.
When it comes to the most important skills required to be an insurance broker, we found that a lot of resumes listed 15.6% of insurance brokers included potential clients, while 11.6% of resumes included life insurance, and 10.1% of resumes included insurance companies. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
If you're interested in becoming an insurance broker, one of the first things to consider is how much education you need. We've determined that 50.3% of insurance brokers have a bachelor's degree. In terms of higher education levels, we found that 10.3% of insurance brokers have master's degrees. Even though most insurance brokers have a college degree, it's possible to become one with only a high school degree or GED.
Choosing the right major is always an important step when researching how to become an insurance broker. When we researched the most common majors for an insurance broker, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on insurance broker resumes include high school diploma degrees or master's degree degrees.
You may find that experience in other jobs will help you become an insurance broker. In fact, many insurance broker jobs require experience in a role such as insurance agent. Meanwhile, many insurance brokers also have previous career experience in roles such as customer service representative or sales representative.