The UK's official graduate careers website

Login to My Prospects

Not a member yet? Join now
 
 

Insurance account manager : Salary and conditions

More in this section

  1. Job description
  2. Salary and conditions
  3. Entry requirements
  4. Training
  5. Career development
  6. Employers and vacancy …
  7. Related jobs

Print all pages in this section

Case studies

  • Starting salaries typically range from £18,000 to £25,000.
  • With a few years’ experience, salaries can reach £35,000 and with substantial experience (e.g. after 10-15 years) salaries of £40,000 can be earned. Almost all graduates who started in an insurance account manager role will have moved into management, consulting or other senior positions in order to achieve this higher salary.
  • Most salaries, including those quoted above, include a significant proportion of bonus or commission for reaching or exceeding targets, meaning that those who enjoy and succeed in sales can decide to forego promotion and still achieve high levels of reward.
  • A company car, insurance and pension benefits are usually part of the remuneration package.
  • Working hours are mainly 9am to 5pm, although the client-focused nature of the work means that these hours can be longer when entertaining or meeting with clients.
  • The work can be office or home based initially, although management posts require greater presence in the office.
  • Part-time work is uncommon. Self-employment is possible with experience by moving into a position as a broker or independent financial adviser (IFA).
  • Career breaks are increasingly possible, as the insurance industry is keen to retain talent and promote good working conditions. It is, however, necessary to refresh professional knowledge upon returning to work.
  • Although financial services were traditionally male-dominated, men and women are now more or less equally represented in the workforce.
  • Positions are available in all large towns and cities in the UK and in rural areas with the possibility of working from home.
  • Smart business dress is required, given the client-focused nature of the work.
  • Working to demanding targets can be stressful.
  • Travel during the working day is frequent and essential in order to visit clients. Many roles require as much as 80% of the working week to be spent outside the office. Overnight stays are occasionally required but overseas travel is rare.
 
AGCAS
Written by AGCAS editors
Date: 
July 2011
© Copyright AGCAS & Graduate Prospects Ltd | Disclaimer
 
 
 

This website is best viewed in an up-to-date web browser with CSS enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets if you are able to do so.