I need honest advice. Jump to banking or stick in insurance - Page 5 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




I need honest advice. Jump to banking or stick in insurance

Reply
 
Thread Tools
  #41 (permalink)  
Old 31-07-2022, 05:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Am from insurance too. Two years in, I found it so hard to sell because I'm not a salesy person. I do up all the financial plans and proper recommendations. Never oversell and only sold appropriate plans fit for timelinr and budget.

I was also like OP who earned less than 1k a month, struggling month to month.

Covid period helped a bit since all video calls I can save on transport on food. At home just need bread.
But what hurts most was when my prospects took my financial plan, went to shop for other policies with prettier agents who also can spend time with them at dinner, drinks etc which I just could not afford.


I made a leap of faith and jumped into banking. It was so much a breath of fresh air.
Yes, sales targets are pressurising. But if you walked my path in insurance, this is a wild piece of cake.

Because people don't have impression of bankers like they so for insurance agents. You don't need to sell the idea of a loan like you do for a critical illness plan. People always like to take loans. Apply credit cards etc. No one likes to think about critical illness..

Every day its a high target but I am so so thankful for this leap. I'm making a decent 7k a month with my comms and base, I'm quite happy where I am now

Reply With Quote
  #42 (permalink)  
Old 01-08-2022, 12:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Wait they how are there so many rich insurance agents flexing their cars on insta and LinkedIn with promises of $$, flexible work hours and ovs travelling benefits etc.

Reply With Quote
  #43 (permalink)  
Old 11-08-2022, 03:14 PM
Unregistered.
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Am from insurance too. Two years in, I found it so hard to sell because I'm not a salesy person. I do up all the financial plans and proper recommendations. Never oversell and only sold appropriate plans fit for timelinr and budget.

I was also like OP who earned less than 1k a month, struggling month to month.

Covid period helped a bit since all video calls I can save on transport on food. At home just need bread.
But what hurts most was when my prospects took my financial plan, went to shop for other policies with prettier agents who also can spend time with them at dinner, drinks etc which I just could not afford.


I made a leap of faith and jumped into banking. It was so much a breath of fresh air.
Yes, sales targets are pressurising. But if you walked my path in insurance, this is a wild piece of cake.

Because people don't have impression of bankers like they so for insurance agents. You don't need to sell the idea of a loan like you do for a critical illness plan. People always like to take loans. Apply credit cards etc. No one likes to think about critical illness..

Every day its a high target but I am so so thankful for this leap. I'm making a decent 7k a month with my comms and base, I'm quite happy where I am now
I'm at a crossroad now. Would really like to speak to you to understand more in the banking industry, not sure how can I reach out to you?

Reply With Quote
  #44 (permalink)  
Old 13-08-2022, 04:52 PM
Unregistered
Guest
 
Posts: n/a
Default

I was in insurance too, left for greener pastures since. 2 years is more than enough to determine if it's suitable for you or not, don't let the "you could've tried harder" bs shake you.

Imo the ones who can succeed in this business either have to really love sales, or really like to build relations with people. Honestly, not for everyone unlike how they try to put it saying how everyone can make it. Not every one is born a fish, so don't feel too bad when you find yourself splashing

Fail fast, fail quick, so you can find your forte fast. Good luck
Reply With Quote
Reply

Bookmarks

Tags
banking & finance, insurance, sales

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Advice in getting into private banking, investments and fund management youngmoney Income and Jobs 19 29-09-2019 05:15 AM
Urgent advice needed! SPF vs banking ops n30me Income and Jobs 12 04-07-2016 02:22 PM
Juniors in banking / finance - when to jump? freshoutofoven Income and Jobs 1 13-08-2014 03:53 PM
Shoud I stick with EE? Aveiur Education and Personal Growth 3 06-09-2012 12:20 PM
Seeking advice on Career jump CareerSG Income and Jobs 2 01-09-2010 09:46 AM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,104 Replies, 2,845,905 Views
Work culture in IHiS ( 1 2 3... Last Page)
366 Replies, 258,542 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
313 Replies, 285,950 Views
Lawyer Salary ( 1 2 3... Last Page)
18,002 Replies, 7,072,135 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,218 Replies, 582,316 Views
Constituency Manager (People... ( 1 2 3... Last Page)
917 Replies, 599,109 Views
Compare civil service salary ( 1 2 3... Last Page)
14,822 Replies, 9,555,441 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
240 Replies, 157,080 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,072 Replies, 710,556 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,229 Replies, 953,055 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
153 Replies, 226,690 Views
ST Electronics ( 1 2 3... Last Page)
3,135 Replies, 948,340 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,676 Replies, 2,183,494 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,462 Replies, 2,513,111 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
181 Replies, 89,079 Views
Starting pay for fresh grad? ( 1 2 3... Last Page)
74 Replies, 37,032 Views
HDB (under MND) ( 1 2 3... Last Page)
489 Replies, 457,986 Views
FREE $10 + $25 NTUC Fairprice... ( 1 2)
12 Replies, 1,591 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,675 Replies, 947,096 Views
PMO (Prime Minister's Office...
1 Replies, 813 Views
Career as Teacher ( 1 2 3... Last Page)
6,069 Replies, 3,872,323 Views
IMDA AIM Graduate Development...
9 Replies, 4,186 Views
IMDA (under MCI) ( 1 2 3... Last Page)
345 Replies, 177,066 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,252 Replies, 2,095,860 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,034 Replies, 247,819 Views
jobs at Tech companies
3 Replies, 3,014 Views
Applying for jobs within govt...
5 Replies, 424 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
329 Replies, 107,082 Views
OKX SuperNova Graduate Program ( 1 2 3... Last Page)
64 Replies, 15,604 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
160 Replies, 196,353 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:16 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2