SECTOR SPOTLIGHT ON INSURANCE
Insurance Graduate Jobs and Schemes : What You Need to Know
Insurance graduate schemes are usually more structured with training as opposed to graduate jobs . Typically , graduate schemes for large insurance employers have annual openings with deadlines from November to January . However , in most cases , you ’ ll be able to apply from the end of your second year ( June-onwards ) but the earlier the better as spaces are competitive !
Graduate schemes typically offer the opportunity to rotate around different areas of the industry so you can gain a wealth of experience before deciding which role is the right fit for you . Some graduate schemes lead to further qualifications too as you may be required to undertake an examination from industry professional bodies .
On the other hand , graduate insurance jobs are usually less structured and you will likely progress in your role rather than having a programme in place that requires you to move around different areas of the business . You won ’ t start applying for graduate insurance jobs until after you ’ ve graduated and the application process isn ’ t normally as rigorous as a graduate scheme .
Professional Qualifications to Help Advance Your Career
Regulator ’ s expect and require you to ‘ attain and maintain competence ’ in the insurance industry , however , in general insurance , there are no specific on the job , professional qualifications you need . Many companies do encourage employees to commit to continuing professional development ( CPD ). This could mean undertaking one of the below qualifications :
• Certificate in Insurance ( with the Chartered Insurance Institute , known as the CII )
• Diploma in Insurance ( with the CII )
• Advanced Diploma in Insurance ( with the CII )
• CILA Certificate ( with the Chartered Institute of Loss Adjusters )
If you want to work in actuaries , you will be required to complete a professional qualification . The Institute and Faculty of Actuaries advises that most graduates begin their journey with a 2:1 or above in a maths-based degree and then undertake actuarial exams once they have secured a graduate position .
Useful Links
There are a number of useful website for you to gain industry specific information and guidance , these include :
How to Apply For an Insurance Graduate Scheme or Job ?
Decided that insurance is the career you want to break into ? If so , there are a wealth of opportunities available to you . Just head over to www . careermap . co . uk to search and apply for graduate schemes and jobs .
Typically , graduate schemes for large insurance employers have annual openings with deadlines from November to January .