Generally, you don’t need to have to go to university and get a finance degree to start your career in insurance. Depending on the company you want to work for or the type of role you want to pursue, there are many alternative routes you can take to build your career in the insurance sector.
For graduates the best route would be to get onto a graduate training programme where employers will prefer a 2:1 degree although some companies do consider a 2:2. Most graduate trainee roles hire candidates from degrees of all disciplines such as a business or management degree; however, a degree in maths or engineering will be preferred depending on the role you are applying for.
For non-graduates, there are many apprenticeships that insurance companies offer and junior positions tailored to school leavers.
Apprenticeships are a fantastic way to get into insurance as you will have the opportunity to learn more about the industry with first hand on-the-job experience with a salary and benefits with some companies even supporting you to study for professional qualifications to further your insurance career.
Whichever way you get into insurance, with a degree or not, you will then need to get the Chartered Insurance Institute (CII) Advanced Diploma in Insurance (ACII) which the majority of graduate schemes include as well as some apprenticeships. The ACII is a globally recognised professional qualification that takes three years to complete and demonstrates your skills and capabilities to your clients and peers in the industry. If you are graduating in a business, finance or law-related degree, you may be able to transfer credits towards the CII qualification framework which will decrease the amount of time needed to get your ACII so with this route you could complete your qualification in 2 ½ years instead of 3.
Qualifications such as the ones provided by the CII are great as you get to learn the core skills whilst working in Insurance. The qualifications they provide are at all levels and can be done once you are working in Insurance or even beforehand to develop your skill set and become an expert in your field leading to more growth and earning potential.