I need honest advice. Jump to banking or stick in insurance - 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
  #1 (permalink)  
Old 26-06-2020, 01:24 AM
Verified Member
 
Join Date: Jun 2020
Posts: 21
Anarki95 is on a distinguished road
Unhappy I need honest advice. Jump to banking or stick in insurance

Recently,

For 2 years in this insurance industry , i am damn burn out. I feel bad for all the friendships that have soured. I am making less than $1000/month. Itís over for me. Basically the problem with me is that i want to have the stability in bank. But it comes with high targets which i can handle the pressure. The problem in insurance is that we are not given leads.

Quitting insurance industry is also another problem. I have to pay back some of the cost and my manager is brainwashing me not to leave and say that i don;t put in enough effort. Like are you serious after 2 years ?? I am just a sick and tired of the company culture.

I need advice from Bankers, ex-insurance agents or people who have made changed career from insurance to banking. I am completely hopeless and depress. I am in a mess.

Reply With Quote
  #2 (permalink)  
Old 26-06-2020, 02:35 AM
Unregistered
Guest
 
Posts: n/a
Default

Many people quit the insurance business due to poor sales. It's nothing to be ashamed of, in fact you should do it faster, 1k/month is not a sustainable business model for an insurance agent. Your boss is an asshole if he/she is asking you to stay knowing the low amount that you are earning. I'm not sure what costs you need to pay but make sure you check your contract (that you are indeed obligated to pay such costs), most managers try to scare you with fake "costs" that are not your liability.

Honestly, if you feel like **** in the industry, just leave. A bad team does not tend to get better, especially given the threats/brainwashing that the company is trying to perform on you, it implies they value you only as a workhorse.

Reply With Quote
  #3 (permalink)  
Old 26-06-2020, 04:09 AM
Verified Member
 
Join Date: Jun 2020
Posts: 21
Anarki95 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Many people quit the insurance business due to poor sales. It's nothing to be ashamed of, in fact you should do it faster, 1k/month is not a sustainable business model for an insurance agent. Your boss is an asshole if he/she is asking you to stay knowing the low amount that you are earning. I'm not sure what costs you need to pay but make sure you check your contract (that you are indeed obligated to pay such costs), most managers try to scare you with fake "costs" that are not your liability.

Honestly, if you feel like **** in the industry, just leave. A bad team does not tend to get better, especially given the threats/brainwashing that the company is trying to perform on you, it implies they value you only as a workhorse.
I feel much happier without working honestly. At least working grab food makes me more money hahah . The industry is set such a way that before you enter they will promise you how rosy the industry is, so much flower and brainwash but when you quit, they see you as failure lol. At least with banking i can have stable pay .

Reply With Quote
  #4 (permalink)  
Old 26-06-2020, 09:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Anarki95 View Post
I feel much happier without working honestly. At least working grab food makes me more money hahah . The industry is set such a way that before you enter they will promise you how rosy the industry is, so much flower and brainwash but when you quit, they see you as failure lol. At least with banking i can have stable pay .
For insurance, you really have to hardsell.
Some people like you have a conscience, so you wont be able to recommend products that your customers dont need.

This is why you earn <1k/mth
You have a conscience.

To make it big, you must realy believe your products is salvation for mankind.
If u cant, you will not able to sell.

Leave this industry early. Will be good for your well-being.
Reply With Quote
  #5 (permalink)  
Old 26-06-2020, 10:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Banking is really generic. Which area are you looking at?
Reply With Quote
  #6 (permalink)  
Old 26-06-2020, 10:49 PM
Verified Member
 
Join Date: Jun 2020
Posts: 21
Anarki95 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Banking is really generic. Which area are you looking at?
Sales role. I am happy if they give me fixed salary. With the skills I gained in cold calling and most important having leads , i am set to go. I feel like people trust banks more than insurance company.
Reply With Quote

  #7 (permalink)  
Old 26-06-2020, 11:41 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Anarki95 View Post
Sales role. I am happy if they give me fixed salary. With the skills I gained in cold calling and most important having leads , i am set to go. I feel like people trust banks more than insurance company.
Then it's easy. Personal banking /mortgage you should be able to stroll into the job.
Reply With Quote
  #8 (permalink)  
Old 27-06-2020, 02:04 AM
Junior Member
 
Join Date: Jun 2020
Posts: 2
Cewannabe is on a distinguished road
Default

Definitely definitely go for banking. Whatever reason you have for not being able to sell, <1k per month is less than working most part time jobs. Who cares you failed in this job, selling insurance is for the thick skinned shameless people imo so its also not a bad thing that you cant sell
Reply With Quote
  #9 (permalink)  
Old 27-06-2020, 01:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Your team leader and work environment both sound very toxic, just leave. It seems like you are having a hard time, and the measly $1k/month is just not justified at all. You will fare much better at a banking sales role and you will bring home so much more. All the best for your pivot
Reply With Quote
  #10 (permalink)  
Old 27-06-2020, 04:21 PM
Verified Member
 
Join Date: Jun 2020
Posts: 21
Anarki95 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Your team leader and work environment both sound very toxic, just leave. It seems like you are having a hard time, and the measly $1k/month is just not justified at all. You will fare much better at a banking sales role and you will bring home so much more. All the best for your pivot
Thanks to all the unknown members here. Itís amazing how anonymous people here giving good advices. No brainwashing involved.
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
Roles in accenture singapore ( 1 2 3... Last Page)
5,611 Replies, 1,316,186 Views
Lawyer Salary ( 1 2 3... Last Page)
18,467 Replies, 7,602,995 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,747 Replies, 3,183,338 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,780 Replies, 3,471,198 Views
IMDA (under MCI) ( 1 2 3... Last Page)
399 Replies, 206,696 Views
Compare civil service salary ( 1 2 3... Last Page)
14,984 Replies, 10,002,982 Views
High Finance Thread ( 1 2 3... Last Page)
1,472 Replies, 380,706 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,704 Replies, 836,755 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,461 Replies, 5,494,138 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,499 Replies, 2,259,319 Views
Career as Teacher ( 1 2 3... Last Page)
6,669 Replies, 4,236,046 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,311 Replies, 637,279 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,825 Replies, 2,686,385 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,060 Replies, 738,230 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,251 Replies, 3,328,164 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,248 Replies, 995,111 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
360 Replies, 134,017 Views
Bnp paribas graduate ( 1 2 3... Last Page)
205 Replies, 122,724 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
351 Replies, 314,991 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
273 Replies, 222,720 Views
Standard Chartered International... ( 1 2 3... Last Page)
363 Replies, 164,074 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
269 Replies, 175,518 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,100 Replies, 763,584 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
300 Replies, 75,428 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
171 Replies, 213,749 Views
SLA (Singapore Land Authority) ( 1 2 3... Last Page)
34 Replies, 25,594 Views
Htx ( 1 2 3... Last Page)
85 Replies, 55,157 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
2,040 Replies, 848,209 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,094 Replies, 454,339 Views
Mining Industry ( 1 2 3... Last Page)
78 Replies, 47,285 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 03:42 AM.


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