Let me begin with the obvious answer to this questions. For the money, for the freedom! As we can see, insurance agent in our daily life, have much freedom of working. They can schedule their time properly and only work when they have to meet clients or feel like working. This level of freedom cannot be achieved from a 9 to 5 corporate job. A corporate job makes you feel like you are in a rat race, working non-stop just for a salary. Insurance agent however, you get how much you work. The more order you close the higher you get paid. With this kind of motivation to work, people tend to work harder.
Logically, a fresh graduate only has a salary ranging from RM 2.8K to RM5K depending on different professions and positions. Let’s say business students often get a salary of RM 3K on a sales or marketing position or business position. However, as an insurance agent their limit is unlimited, earning up to 5 digits a month and with the fact that they are young, they are capable of working harder more aggressively. Their career might strive for success or might sky rocket with this capability. Therefore, with this belief they tend to want to become an insurance agent to reach out to greater heights.
As for them, I believe being an insurance agent is not a bottleneck there is no limit where you can climb to unlike being in a corporate, the CEO is the limit. AND there can only be one CEO. But for insurance agent, your clients and your orders compounds being, today you close and order and you performed well, next year your client might want to upgrade or purchase another contract or they have a good impression of you their help you promote through word of mouth the most powerful tool ever. Therefore, I would say your limit is the sky. Some might believe or say “ Aiyo now you get RM 10K see how much you get next time still RM 10K while I climb in corporate I already reached partner/director having RM 20K”. Here comes the interesting part: I TOTALLY DISAGREE with that.
Why?!
If as an insurance even if I will forever earn RM 10K, starting at age 20 by age 50 I would have earned a totalled of RM 3.6 million ringgit. If I saved 10% of the total amount I earned I would have saved RM 360,000 potentially with a good house and car. This is the reason why fresh graduates love it.
However, if I climb the corporate and if I reached the income of RM 10K a month at the age of 40, by the age of 50. I would only earn a total amount of 1.2 million and if before that I earned RM 5K to RM 7K most of the time not much people can reach the income of RM 3.6 million. Therefore, working in a corporate and working as an insurance agent is a choice. Nobody ever claim that you will definitely to be able to earn money both areas, it is pretty much individuals. The assumption here is purely based on data and ideas it is not guaranteed. The above is what I calculated and believe it is not guaranteed.
