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Old 29-10-2015, 01:32 PM
FactoryEffex FactoryEffex is offline
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Default Insurance Agent to Bancassurance Specialist (Priority)

I don't know whether anyone here has a similar situation as me. Apparently, i searched is don't have.

Just a brief introduction.

I'm 31, Diploma Holder and a Senior Financial Consultant, reaching 7th year in one of the life insurers and get married next year. I basically, not the super powerful insurance agent around top 20% but at the same time very in my comfortable zone. I have never worked for anybody since ORD.

There is no career advancement for me beside promoting in title, still doing the same old stuff for the last 7 years. I thought recruiting and becoming a leader was my goal. I recruited and eventually I found out that I didn't really like this type of management. I do love meeting people and doing financial planning for them and I knew I want to specialized in insurance because I chose this career and not recruited by my leader.

I'm in a dilemma now. I didn't expect from a simple conversation barely 1 month ago till this stage.

Basically, I knew someone in the biggest local bank in Singapore and through him, i submitted my resume (which I don't even have before that conversation with him) and was referred for a role as Bancassurace Specialist in the priority banking and I met all the job requirements.

I have no intention of doing a career switch but deep down inside I know if I really want it must be before 35 else I will continue.

Bypassed the HR and I went for the interview halfheartedly with the first Business Manager (BM) but I still prepared myself for it. Then a week later, the 2nd BM called me up and said the first BM referred me to him and again went for the second interview.

So what happened was, the first BM checked everything and asked me ton of questions; awards, experience, client base, income and etc and my gut feel is I answered professionally but I did mentioned, I wasn't that keen in switching career.

The second BM wise, didn't even bother neither to check my CV nor asked anything about my experience but the whole interview was purely he doing the talking, selling me how great the bank is, the career advancement, shared with me how his co-workers progressed upwards, career rotation and blah blah. To the stage where he even suggested what I should be asking for my basic based on my experience. I am somewhat getting keen on the role as it quite fit to what I want to achieve.

Surprisingly, HR called the same day for my information for processing for background check. My friend told me I am almost 80% tio for this role and said if I really want, he will push the Business Director for me, which I declined as I want to win based on myself and not through referring. My gut feel is likelihood I got the role.

Now my fear is I have this feeling of banks will ask people to leave if don't perform, which is why I chose to be a self-employed at the first place. I am confident I will do well in this role but yet the feeling of no career security overwhelmed me and I have to give up my recurring income and my client base. If I fail and go back to insurance, building back that recurring income is not easy, I still remember my very first pay check with only $128. Yearly quota vs monthly quota. Freedom vs office hours (Not really freedom, when I work also odd hours and burning weekends). Commission based vs basic and commission based.

On the flip side, the welfare and benefits as a employee is also something I never tasted before. CPF contribution, annual leave, taxi card and etc. The most important thing is to me, its a step up in my career. I have the option for career rotation and etc. The very least, this role I skipped the mass market.

Would like to hear from people who did the switch for opinions. Just want to have more information before I receive the offer.

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