Insurance sales representatives build relationships with individuals and businesses to help them identify the best insurance solution for them. They work in insurance firms, although they may also work with insurance brokers. Like all sales reps, insurance sales representatives need excellent communication and people skills.
A day in the life of an insurance sales rep may include scheduling meetings, visiting potential clients, giving presentations, and processing paperwork. A significant portion of a sales rep's job is to explain their offerings to potential clients who aren't familiar with their product. As a result, they must be familiar with the product, including specific terms and conditions.
To become an insurance sales representative, you'll need a minimum of a high school diploma, even though a bachelor's degree improves the odds of landing a job. It's also helpful to have communication skills, persuasiveness, and charisma. Sales reps often juggle multiple clients and meetings, so organizational skills are also beneficial.
There is more than meets the eye when it comes to being an insurance sales representative. For example, did you know that they make an average of $35.07 an hour? That's $72,940 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 sales representatives 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, communication skills and initiative.
When it comes to the most important skills required to be an insurance sales representative, we found that a lot of resumes listed 29.4% of insurance sales representatives included customer service, while 11.1% of resumes included communication, and 6.5% of resumes included new clients. Hard skills like these are helpful to have when it comes to performing essential job responsibilities.
When it comes to searching for a job, many search for a key term or phrase. Instead, it might be more helpful to search by industry, as you might be missing jobs that you never thought about in industries that you didn't even think offered positions related to the insurance sales representative job title. But what industry to start with? Most insurance sales representatives actually find jobs in the insurance and finance industries.
If you're interested in becoming an insurance sales representative, one of the first things to consider is how much education you need. We've determined that 48.8% of insurance sales representatives have a bachelor's degree. In terms of higher education levels, we found that 4.2% of insurance sales representatives have master's degrees. Even though most insurance sales representatives 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 sales representative. When we researched the most common majors for an insurance sales representative, we found that they most commonly earn bachelor's degree degrees or associate degree degrees. Other degrees that we often see on insurance sales representative 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 sales representative. In fact, many insurance sales representative jobs require experience in a role such as customer service representative. Meanwhile, many insurance sales representatives also have previous career experience in roles such as sales representative or sales associate.