The words “insurance industry” and “exciting” may not seem like they would go hand-in-hand, but in fact, this industry has never been more exciting to break into. Even those who have been in the industry for years have an opportunity to really jump on board all the changes and advancements and re-invest in their career if you will.
So why is the insurance industry so exciting right now and why are people considering a master of financial economics in order to break into this sector? Well, there are a number of reasons worth discussing.
The Job Market Is Demanding a Particular Set of Skills
It’s always a good idea to take a look at current trends in terms of employment and look at what skills are most in demand. Right now, employers are seeking those who are able to combine an understanding and skills related to the financial and economic marketplace. The insurance industry is a great example of an area where these two skills will pay off.
From a student’s perspective, what this means is that an online master of financial economics will give them the groundwork they need to then enter the job force with the skills that are in demand.
Work with Brand New Technology
We all know that technology is constantly evolving and advancing, and for many people being able to work with this cutting-edge technology is a huge bonus. The insurance industry is one that makes use of new technology, especially where data gathering is concerned. Those in the industry are now looking for new ways to collect data and then use it in a way that is beneficial.
An Industry That Embraces Innovative Solutions
There are industries that are very traditional and aren’t exactly looking for ways to innovate. The insurance industry isn’t one of these. Today’s insurance companies and employees are very different than those of 10 and even five years ago. So what is different? A whole lot actually.
Changes include the workspace set-up, the hours, the workflow, the tools and software being used, and even the mindset in both big and small insurance companies. Just about everything in the industry has really transformed and become much more fluid and in-line with today’s workplace trends. There is this new personal touch that seems to be spreading through the industry and going back to the basics of customer service and employee satisfaction.
An Excellent Entry-Level Option
In terms of job openings, the insurance industry is one that offers some excellent entry-level positions to new graduates. An insurance claims adjuster is a great example. This role acts as a first stepping stone in the industry and provides a great deal of hands-on experience. It should be noted that these jobs are particularly prolific in western and south-eastern areas of the United States.
It doesn’t matter if you’re looking to switch careers or you’re trying to figure out what path to take in school, the insurance industry can be a very exciting and fulfilling avenue to look into.