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Insurance vs Consulting

 
forum comment
#0 Insurance vs Consulting
 
rojapy
23.12.11 00:00
 
I currently work in insurance earning around £40k. My friends are lawyers, bankers etc earning approx twice as much as me.The positives about insurance are it is basically 9-5 and salary is ok but will never be great. I applied to one of the BIg 4 on a grad scheme, I got it and will be starting on around £30k next september.I was under the impression that when I got ACA my salary would go to £55k. Do you think I should still shift careers or will it take 5 years plus to get to around £55k. Im aiming to try and earn £100k before I am 40 which is v difficult in insurance.
 
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#0 RE: Insurance vs Consulting
 
humblepie
29.12.11 00:00
 
Hi,You haven't really given us a lot to go on here... I have a few questions that will help you get better advice;How old are you?How long in insurance?Doing what in insurance?Why the £100k target by 40?What type of consulting are you looking at?Will you be happy working long/hard hours?Without the answers to these, it's tricky to give a proper answer. But I'll have a stab:If it's all about the money and you don't see the money getting a lot better in insurance, then yes by all means make the move. However, I'm concerned by you going back to a grad scheme - £40k in insurance says you have a few years of experience. Based on this, could you not leverage your insurance experience and go for a experienced hire role?
 
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