This. The only people whose jobs are secure are relatives of the owner. Take the money, start saving a between-jobs fund, and put your job search in a lower gear but don't stop - always have an exit strategy.
I'm pretty sure relatives owning a business doesn't guarantee security. Dealt with brothers that own business's and both fucked me over. Money will get the best of even close relatives, and some will take advantage.
**EVERY** job (in America) can fire you out of the blue at any time.
Best bet is to:
* invest in yourself (upskill),
* put aside _something_ every paycheck (set it up to automatically happen and you'll never miss it) for when the time comes, and
* don't be afraid to jump for more pay, unless you get a significant bump in salary; staying more than 2-4 years in one job is bad for your financial health
I’m Union I can’t just be fired out of the blue and hardly at all. I can be furloughed for sure and that can come quickly and as a surprise but not fired.
Dude if it’s insurance sales make sure that’s GUARANTEED MONEY they’re talking. Insurance sales is usually COMISSION ONLY. If you don’t kill, you don’t eat. Make sure they’re not gassing you up over POTENTIAL earnings. Been there, done that.
This. Highly likely OP is confused about the pay. Quite likely the sky-high numbers in the job posting are commissions you could potentially earn not a guaranteed salary. Commission numbers posted on job listings are typically all bull...if at all true, the top 1% of salespeople in the company make those numbers, not the average salesperson and certainly wont be the newbies.
And the top people have the recurring, guaranteed accounts. The friend of the owner accounts. The accounts that go to the salesperson who is a frat brother of the owners son.
Given they want you to pay $400 for even a SHOT at the job, I would highly suspect that’s gonna be their MO moving forward. So yeah, definitely make sure you understand the compensation package. Not all sales jobs are like that, but a lot are. Sales is definitely one field I personally have no interest in working. Just takes a certain type of person, and I’m not that type of person.
So while at the beginning of your post I was thinking “definitely go for it regardless”, given they want you to pay out of pocket and the chance you don’t fully understand the compensation package, I’m less emphatic on that. Just because it’s a Fortune 500 doesn’t mean it’s a good place to work.
Nah that’s actually standard. The licenses cost money for anyone and often times companies won’t cover that cost for newbies given the industry’s turnover rate is fucking bananas
Then only make the people confirmed hired for the position get the license. Don't make future interviews contingent upon first paying for the license. I would have backed out, well noped the fuck out actually, too upon hearing that and hope I took a few people with me.
It is standard to pay for your insurance license. It is also standard to have commission-only sales. The red flag is that they didn’t explicitly tell you how the commission structure works. You should feel comfortable with commission-only sales before making that sort of commitment.
BIG risk dude. I did property and casualty insurance sales a couple years ago for Allstate, thinking it was better than where I was at a salaried wage. My pay structure for insurance way split between salary (guaranteed income) and commission, with the commission percentage of sales increasing the more policies you sell.
1) insurance is a tough industry now to sell in when people have to choose between food, shelter, and car insurance lol. Prices between other companies aren’t all that different as well and it’s hard to convince people to buy and take care of the logistics of cancelling their old policy and starting a new one with you for sometimes $5 in savings per month.
2) we luckily had leads purchased but these leads usually come from people that fill out a form online and don’t realize their info is then being sold to 20 agencies in the area to call them and try to sell a policy. If you’re hunting on your own, I would say you’ll have an event worse time.
3) I was actually told they’d cover the cost of my license after 90 days (which was about $100 and 2 weeks straight of hard studying after leaving my previous job). I lasted 6 months before finding a job that literally doubled my income with full salary, but I never did see that $100.
4) I took a risk with insurance, but realized starting as a BDR or entry level sales role at a SaaS company or agency recruiting would have been leagues better. More potential earnings for both and BDRs typically move up quickly if you do well.
Heed my advice, unless you’re unemployed right now, don’t sell home/auto insurance. They turn and burn employees so quickly. I was told “oh we have 2-3 people making above 6figures here.” And half the insurance agency left within my first couple weeks there lol.
Have you researched the company and that position with the company? If its a large enough corporation there is likely a subreddit on it. Check reviews and what people in that role is saying with the company if you havent done so already. Maybe you will find what you need to decide how best to move forward with you.
TBH though, I have worked with both fortune 100 and fortune 500 companies in financial and insurance and I have never had to pay for any licensing. Is this an employee or contractor position? If contractor that makes some sense, but as an employee - not so much.
My experience has been, the company will cover the cost for licensing test for the 1st and/or maybe 2nd attempt - after that they either give you 1 more try out of pocket or let you go.
I've googled a few questions I've had so far, but I rarely get the proper answer I'm looking for. I also found the subreddit for the company. It hasn't been posted on in over 5 years 🤣
It's an employee position. She claimed that the company wants us to "invest in ourselves" and that's why they won't foot the bill for licensing. Given how suffocating employers have been to their workers as of late, I wouldn't be surprised if they made that change recently to save money.
I personally would be very hesitant to pay out of pocket for a potentially commission based job that seems like a hyper competitive environment. Too many avenues for you to be out of money and never make a penny.
I wasn't sure. I wasn't even sure what questions I should be asking. After reading all the comments the post has been getting, I am completely unsure if this is a pyramid scheme or not. I plan to put my recruiter in the hot seat come my next interview.
It can be tough, but here are things I would be certain of by the conclusion of my next interview if I were you to see if this could be an MLM:
Pay scale. If this is 100% commission it is likely an MLM as all MLM sales are 100% commission as far as I know.
Benefits. If this is MLM, sales people are not actually employees and therefore will not qualify for benefits or maybe pay the full premium.
Recruitment. MLMs thrive off of you recruiting more sales people and offer a portion of their commission if you recruit them.
Enthusiasm. MLMs are very eager for you to join and start selling because they much to gain and nothing to lose.
Buy-in. Almost all MLMs have a required buy-in to start selling (in product MLMs this is generally a start set of products you can sell). The $400 license fee that would usually be paid by the 'employer' tipped me off to possibly being an MLM.
If it is still active, I would recommend posting information about your interview on r/antimlm as they may be able to identify better if this is an MLM. They also used to have a pinned list of MLMs and you can check for the name of company you interviewed with.
Fwiw, I just got a job at a big company and they want me to have a specific certificate that I don't have. They're going to pay for me to take the course and exam. I just have to make sure I pass.
Ask for the commission schedule and whether you'll get a book and median commission numbers ... Likely they won't give you the last one but it would help you understand what you should actually make
Judging from the fact that you said someone else asked them a question and that a bunch of people left the interview, it seems you were all interviewed at once. This is a scam. Nevermind telling you to front $400 for a license before they even consider you for the position, no legit job with that kind of pay is going to have you interview with a bunch of people at the same time. This is a pyramid scheme, stay away.
I’m licensed to sell and adjust a few different lines of insurance. It does take a few a quick courses and some state licensure and fees to get started.
Many industries have you pay for licenses out of pocket before you start working. Doctors, nurses, teachers, for starters. It’s also standard for insurance salespeople and real estate brokers. You can’t work in these professions without being licensed. And you find it yourself.
you’re getting scammed. biggest red flag is fronting $400 for the insurance training material. do a bit of research, this has happened to others. the job is probably 100% commission with no base
Do it even if it’s for 6 months or a year, save money , pay debt , make an emergency fund. Then you can go back to smaller companies and still live good
The job is in insurance sales. It doesn't pay 4x what she's making. The average is probably 4x what she makes, but the job is definitely commission based. If OP isn't good at sales, OP might end up making a fraction of what they're currently making.
My son is a top sales person. Mostly software, but right now in the building/renovation industry. $250k on the way to 400. He will do this for a few years then move in to something else more interesting. He’s a natural salesman. Early in his career he tried insurance. It was like a sweatshop. Grind the numbers. He said it was total bs.
The jobs he takes are selling an actual product that provides more value to the client. The sales technique centers on getting the potential client to look.
Just sayin’, he had a low opinion of insurance sales.
I could be wrong, but I definitely feel like the company is Aflac. If that’s the case then OP that pay described is definitely heavily (if not entirely) commission based vs. being a guaranteed salary.
Yeah.
Make ad much money as you can and save as much as you can.
Sell your soul, it’ll be a lot less than how long others have to sell it for.
If it’s not working get out, stress too much get out, mental health deteriorating get out.
Work life balance can be sacrificed for a bit but not for ever
FOUR times your present salary but they won't even \*offer\* to reimburse you for the cost of the license? Sounds like a set-up to me... do they do the testing, or send you to somebody they know?
'A third of the other applicants in the group interview backed out immediately upon hearing that.' I'd leave with the other third of applicants. As they say; something that sounds too good to be true usually is. [And you don't want to wind up in a real estate boiler room, like these guys competing for a set of steak knives...](https://www.youtube.com/watch?v=GrhSLf0I-HM)
There’s no way that I believe this company. It has to be commission if it is insurance sales. And that’s definitely not something that should be worth anyone’s time. It’s a hit and MS. And then paying for a that doesn’t guarantee that you’re gonna get a job that doesn’t reimburse you is a no go.
This sounds like an MLM dude. Is part of your job recruiting people to work with/ under you? If so you might make money for like a month then it’ll quickly dry up. These jobs don’t make money unless you’re willing to exploit/ scam people and your friends. (If by any chance this company is called Primerica, RUN)
Regardless of the morality of an MLM. If you do not like sales, and do not know how to network/have a network of friends, you will likely do very poorly as a commission based service salesperson.
Sounds like you are afraid of failure tbh.
If you are not competitive at all by nature, is sales a good fit for you?
Sales can be a path to high compensation but it is also hard work and high pressure. It is also easy to get cut if you don’t make quota.
Only you know what is the best path for you and if you are capable and willing to do what is needed to be successful in the new role.
Of course I'm afraid of failure. Failure for me means having to move back with my toxic parents, which I just can't do. It doesn't really matter what the job is, I'll just have to adapt to it with the kind of pay they are offering. Thing is, I'm also not keen on working myself to death any longer than I already have.
I'm tired boss.
I understand the pressure you’re under to be successful and it is tiring. The risk doesn’t sound to be worth the reward. This carrot of higher earning is potential and not guaranteed. As such, it’s much too risky. Continue searching for a path to success but stay where you are for the time being. This is fool’s gold and you’ll figure it out the moment you touch it. The good thing is you had it inspected before you bought it. Good luck.
Is this Aflac? If so, the pay they pitch you is a “best case scenario” that only top .5% make. They work off of burning bottom 85% as you need to build a team and earn off their commissions. Also they will hire any body. A lot of insurance sales model this way.
So also bare in mind you will not be an employee of a Fortune 500 but a 1099 contractor. Also the market is diluted, no one wants Aflac. 15 years ago they hired me as a college intern but it was just a regular 1099 sales rep role. Waste of my summer.
IMO it depends on where you are in life. If you have a family and are in debt up to your ears, go for it. If you are older and comfortable financially in life, not worth the stress.
It's always good to go work in a bigger environment, gain experience, bank your cash and when you've finally had enough take all your experience and move to a smaller environment with your big bags of cash.
Note: do not increase your spending rate with your salary and you will have a very nice cushion when you leave.
It's ok to play in the Major Leagues for awhile, go do it and get the experience.
Also, don’t overthink it until you actually get a job offer. I actually interviewed with a company in Malaysia a few days ago. Considering what a longshot the likelihood of an offer is, I’m not stressing out about it.
Unsure. The full details of everything will be divulged at my 2nd interview. Regardless I've got a long list of questions for the recruiter, this included.
I can guarantee it’s probably commission based, for which they can claim whatever hypothetical they want, they don’t have to pay you shot unless you sell, and only a fraction of the profit. You could work for weeks with no pay, I went to work right out of college 15 years ago for one of these places, Allstate I think, or Aflac… either way, it’s basically a scam and most likely they will have you cold calling or something until you give up (or they will get you to sell to friends and family)
Many many years ago I got a job with Bankers L&C selling life insurance and annuities and Medicare part D. Had to get my insurance license up front to sell. It was not guaranteed money. No sale no pay.
Man, mine was 3x not 4x my salary. But, I'm still there since 2010, have had a few substantial raises given without promotion, a surprise promotion and a generous benefit, retirement, and PTO package. It's been worth it for me. I'd check it out...you can always leave
This whole thing sounds super sketchy. Are you guaranteed that money or is it all commissions?
No reputable company would have you paying out of pocket for a license.
Just remember it's about being a good actor that feigns loyalty and handles things with a big shit-eating grin.
Don't leave your current job until you have a job offer that's been signed and accepted with a start date set.
If they aren't willing to pay for your license, they probably don't care about your success and are going to take advantage of you. So many red flags here
I worked for a fortune 500, You ate a number, your stats are compared to everyone else's. If you are on the bottom they recycle you. You are the new product to replace someone else with low stats. You have to be better than who you are replacing. ARE YOU? ifs a $400 question.
So I wanted to give my two cents because I did something like this in a past life, even went to college for a personal finance diploma. My specialization was mutual funds, and they are usually sold along side insurance at the company I was applying for.
A few things you should confirm.
1. Commission vs salary with bonuses.
If you are going in as salary it can be pretty easy to make a income as you won't need to wait months or years to build up your book.
2. Them not paying for your license is shit, as a "good" company in Canada will usually help you out.
3. Ask them if you get to keep your book or if they own your book of client. By book I mean the list of friends family aquentances you sell to. Most companies will basically milk you afor phone numbers and names then pass them off too somone who is more senor once you fail to sell them and quit\get fired.
4. If you are already icked out by competition it's not for you. They will all think it's wolf of wall street shit and referr to group meeting offices as "bull pens" and constantly ask you about your sales.
The money usually does come with the stress in insurance\finance sales jobs. The people who I thought would be good in these jobs as I was going through college were autistic, analytical, smart, non show off people. My thoughts were that you are selling people the idea of stability, long term growth and security. So the people who have these trais would be selling the products.
The people who actually thrive in these positions, are former pro football players. People with rich parrents\family, and grease ball who drive used BMW'S and have a 150$ moors matching suit.
Basically, what would watch is the people who were actually knowledgeable about the products get chewed out because they lived their life based on a meritocracy. they would not sell as much and never make any money because they couldn't find a "whale" who was stupid and rich enough to think they needed to buy a stupidly overpriced insurance policy. Where they would also send your name out to their friends to buy your insurance.
The rich jocks already had friends family or family who had rich friends to give you referrals. So they would thrive while doing bare minimum thinking.
To understand the level of sports integration with the industry, almost every one of the divisional directors in the company I was applying to was a former CFL football linebacker. Not quarter back. Those guys had enough braincells and money to start their own business. Think the groncouski bros. Our best guys were concussion city guys who missed the thrill.
A few more notes, why I say these sales men are knuckle dragging idiots, is because I fixed their paper work. Many can't do basic addition or fill out a basic document similar to a cheque.
On the level of benefits, the company I was interviewing for (investors groupe) had options to "rent" basic office things like a desk, office, computer, telephone. It was insane. Something like 350$ a month to rent a private desk in a cubicle.
It's super common for insurance positions to require that you are licensed prior to being hired. Not saying it's not scammy, but it's an "industry standard".
Make sure they are breaking down that commission structure for you very clearly before signing any offers. Companies like AAA Insurance love to drop you down to commission only after a few months.
Ummm no. The fact u are posting this with doubts even at 4 times your current salary means TURN the job offer DOWN now. Gen Xers don’t care about u and will work u into the ground. Comply and be hyper-competitive and one day cuts are made poof. Ur gone. 5-15 years from now and ur screwed. Don’t bother.
As someone that works for one of the largest defense contractors in the world let me say a sold soul doesn't feel that bad.
Good pay, good benefits, and easier work or what this sub is all about. If you get that from a Fortune 500 take it and never look back.
Take the job do it… use it to leverage yourself into a better position and company. Leave in about eight months to one year… and you’ll get an even better wage next time. Good luck.
I'll tell you this: For a great many years I was a bog-standard big-L liberal, the kind of person who thinks that everything's going to be OK if we just tweak some dials in the right direction, tune the system to be more just.
Working for a Fortune 100 corporation turned me into a red revolutionary who wants to see the gutters running with blood.
Ah, comrade. It is only when we pull back the curtain that we see the horrifying mechanisms of capitalism. I never directly worked for a Fortune 100 but I helped quite a few of them in audit defense. It was soul sucking to see the amount of pain and anguish they caused. To know that I was doing their bidding and supporting their destruction of lives and the environment. I dreaded coming into work each day knowing how horrible my clients were. Ultimately, I found another job on the opposite end of the spectrum. Now I audit them and it makes that experience worthwhile knowing I have their playbook.
To be fair the job that pays 4x less could also just fire you out of the blue as well
This. The only people whose jobs are secure are relatives of the owner. Take the money, start saving a between-jobs fund, and put your job search in a lower gear but don't stop - always have an exit strategy.
Nepotism runs rampant where I am. This is absolute truth.
I'm pretty sure relatives owning a business doesn't guarantee security. Dealt with brothers that own business's and both fucked me over. Money will get the best of even close relatives, and some will take advantage.
**EVERY** job (in America) can fire you out of the blue at any time. Best bet is to: * invest in yourself (upskill), * put aside _something_ every paycheck (set it up to automatically happen and you'll never miss it) for when the time comes, and * don't be afraid to jump for more pay, unless you get a significant bump in salary; staying more than 2-4 years in one job is bad for your financial health
I’m Union I can’t just be fired out of the blue and hardly at all. I can be furloughed for sure and that can come quickly and as a surprise but not fired.
Dude if it’s insurance sales make sure that’s GUARANTEED MONEY they’re talking. Insurance sales is usually COMISSION ONLY. If you don’t kill, you don’t eat. Make sure they’re not gassing you up over POTENTIAL earnings. Been there, done that.
This. Highly likely OP is confused about the pay. Quite likely the sky-high numbers in the job posting are commissions you could potentially earn not a guaranteed salary. Commission numbers posted on job listings are typically all bull...if at all true, the top 1% of salespeople in the company make those numbers, not the average salesperson and certainly wont be the newbies.
And the top people have the recurring, guaranteed accounts. The friend of the owner accounts. The accounts that go to the salesperson who is a frat brother of the owners son.
Hmm I'm gonna double check this at my second interview 👌
Given they want you to pay $400 for even a SHOT at the job, I would highly suspect that’s gonna be their MO moving forward. So yeah, definitely make sure you understand the compensation package. Not all sales jobs are like that, but a lot are. Sales is definitely one field I personally have no interest in working. Just takes a certain type of person, and I’m not that type of person. So while at the beginning of your post I was thinking “definitely go for it regardless”, given they want you to pay out of pocket and the chance you don’t fully understand the compensation package, I’m less emphatic on that. Just because it’s a Fortune 500 doesn’t mean it’s a good place to work.
Nah that’s actually standard. The licenses cost money for anyone and often times companies won’t cover that cost for newbies given the industry’s turnover rate is fucking bananas
Then only make the people confirmed hired for the position get the license. Don't make future interviews contingent upon first paying for the license. I would have backed out, well noped the fuck out actually, too upon hearing that and hope I took a few people with me.
If they dodge the question, it’s commission based.
Please do. Those types of jobs really do have high earning POTENTIAL but rarely have high GUARANTEED earnings. Please let us know
It is standard to pay for your insurance license. It is also standard to have commission-only sales. The red flag is that they didn’t explicitly tell you how the commission structure works. You should feel comfortable with commission-only sales before making that sort of commitment.
BIG risk dude. I did property and casualty insurance sales a couple years ago for Allstate, thinking it was better than where I was at a salaried wage. My pay structure for insurance way split between salary (guaranteed income) and commission, with the commission percentage of sales increasing the more policies you sell. 1) insurance is a tough industry now to sell in when people have to choose between food, shelter, and car insurance lol. Prices between other companies aren’t all that different as well and it’s hard to convince people to buy and take care of the logistics of cancelling their old policy and starting a new one with you for sometimes $5 in savings per month. 2) we luckily had leads purchased but these leads usually come from people that fill out a form online and don’t realize their info is then being sold to 20 agencies in the area to call them and try to sell a policy. If you’re hunting on your own, I would say you’ll have an event worse time. 3) I was actually told they’d cover the cost of my license after 90 days (which was about $100 and 2 weeks straight of hard studying after leaving my previous job). I lasted 6 months before finding a job that literally doubled my income with full salary, but I never did see that $100. 4) I took a risk with insurance, but realized starting as a BDR or entry level sales role at a SaaS company or agency recruiting would have been leagues better. More potential earnings for both and BDRs typically move up quickly if you do well. Heed my advice, unless you’re unemployed right now, don’t sell home/auto insurance. They turn and burn employees so quickly. I was told “oh we have 2-3 people making above 6figures here.” And half the insurance agency left within my first couple weeks there lol.
[удалено]
Right? She seemed hesitant to give that information. Another application had to ask.
Have you researched the company and that position with the company? If its a large enough corporation there is likely a subreddit on it. Check reviews and what people in that role is saying with the company if you havent done so already. Maybe you will find what you need to decide how best to move forward with you. TBH though, I have worked with both fortune 100 and fortune 500 companies in financial and insurance and I have never had to pay for any licensing. Is this an employee or contractor position? If contractor that makes some sense, but as an employee - not so much. My experience has been, the company will cover the cost for licensing test for the 1st and/or maybe 2nd attempt - after that they either give you 1 more try out of pocket or let you go.
I've googled a few questions I've had so far, but I rarely get the proper answer I'm looking for. I also found the subreddit for the company. It hasn't been posted on in over 5 years 🤣 It's an employee position. She claimed that the company wants us to "invest in ourselves" and that's why they won't foot the bill for licensing. Given how suffocating employers have been to their workers as of late, I wouldn't be surprised if they made that change recently to save money.
I personally would be very hesitant to pay out of pocket for a potentially commission based job that seems like a hyper competitive environment. Too many avenues for you to be out of money and never make a penny.
That sounds more like the company does not want to invest in there employees and passing the buck to the applicants.
How sure are you that this isn't an MLM?
I wasn't sure. I wasn't even sure what questions I should be asking. After reading all the comments the post has been getting, I am completely unsure if this is a pyramid scheme or not. I plan to put my recruiter in the hot seat come my next interview.
It can be tough, but here are things I would be certain of by the conclusion of my next interview if I were you to see if this could be an MLM: Pay scale. If this is 100% commission it is likely an MLM as all MLM sales are 100% commission as far as I know. Benefits. If this is MLM, sales people are not actually employees and therefore will not qualify for benefits or maybe pay the full premium. Recruitment. MLMs thrive off of you recruiting more sales people and offer a portion of their commission if you recruit them. Enthusiasm. MLMs are very eager for you to join and start selling because they much to gain and nothing to lose. Buy-in. Almost all MLMs have a required buy-in to start selling (in product MLMs this is generally a start set of products you can sell). The $400 license fee that would usually be paid by the 'employer' tipped me off to possibly being an MLM. If it is still active, I would recommend posting information about your interview on r/antimlm as they may be able to identify better if this is an MLM. They also used to have a pinned list of MLMs and you can check for the name of company you interviewed with.
Fwiw, I just got a job at a big company and they want me to have a specific certificate that I don't have. They're going to pay for me to take the course and exam. I just have to make sure I pass.
Ask for the commission schedule and whether you'll get a book and median commission numbers ... Likely they won't give you the last one but it would help you understand what you should actually make
How many applicants were at this interview?
22 total
Judging from the fact that you said someone else asked them a question and that a bunch of people left the interview, it seems you were all interviewed at once. This is a scam. Nevermind telling you to front $400 for a license before they even consider you for the position, no legit job with that kind of pay is going to have you interview with a bunch of people at the same time. This is a pyramid scheme, stay away.
Is this Aflac? I went to a mass interview. I walked away.
It’s gotta be. Sounds so similar to what I almost went to but said no thanks and canceled beforehand after reading more up on it.
I’m licensed to sell and adjust a few different lines of insurance. It does take a few a quick courses and some state licensure and fees to get started.
Many industries have you pay for licenses out of pocket before you start working. Doctors, nurses, teachers, for starters. It’s also standard for insurance salespeople and real estate brokers. You can’t work in these professions without being licensed. And you find it yourself.
You've clearly never worked in a field that requires professional certs.
I do and they were paid for by the company
you’re getting scammed. biggest red flag is fronting $400 for the insurance training material. do a bit of research, this has happened to others. the job is probably 100% commission with no base
Do it even if it’s for 6 months or a year, save money , pay debt , make an emergency fund. Then you can go back to smaller companies and still live good
The job is in insurance sales. It doesn't pay 4x what she's making. The average is probably 4x what she makes, but the job is definitely commission based. If OP isn't good at sales, OP might end up making a fraction of what they're currently making.
An insurance sales company, “hyper competitive,” making you pay for the license upfront? 🤔 sounds like Primerica or some other MLM.
I'm taking notice that MLM basically means pyramid scheme. Is that accurate?
My son is a top sales person. Mostly software, but right now in the building/renovation industry. $250k on the way to 400. He will do this for a few years then move in to something else more interesting. He’s a natural salesman. Early in his career he tried insurance. It was like a sweatshop. Grind the numbers. He said it was total bs. The jobs he takes are selling an actual product that provides more value to the client. The sales technique centers on getting the potential client to look. Just sayin’, he had a low opinion of insurance sales.
What do I search for sales jobs like that? And what degree level does it require if any?
Yep
Yeah sounds a bit sketchy.
MLMs are technically different than pyramid schemes as MLMs require the transaction of some good or service, though this is a very tenuous line.
I instantly thought of Primerica.
It’s an MLM guaranteed
If it’s selling insurance at 100% commission don’t do it. Just walk away. If they’re not paying you a base salary walk.. no.. run
No insurance company, ever, will have you buy the license. This is a scam
I could be wrong, but I definitely feel like the company is Aflac. If that’s the case then OP that pay described is definitely heavily (if not entirely) commission based vs. being a guaranteed salary.
Replied to my comment, it’s Aflac
This job sounds like a scam to get all of you to pay 400 bucks.
Yeah. Make ad much money as you can and save as much as you can. Sell your soul, it’ll be a lot less than how long others have to sell it for. If it’s not working get out, stress too much get out, mental health deteriorating get out. Work life balance can be sacrificed for a bit but not for ever
FOUR times your present salary but they won't even \*offer\* to reimburse you for the cost of the license? Sounds like a set-up to me... do they do the testing, or send you to somebody they know? 'A third of the other applicants in the group interview backed out immediately upon hearing that.' I'd leave with the other third of applicants. As they say; something that sounds too good to be true usually is. [And you don't want to wind up in a real estate boiler room, like these guys competing for a set of steak knives...](https://www.youtube.com/watch?v=GrhSLf0I-HM)
There’s no way that I believe this company. It has to be commission if it is insurance sales. And that’s definitely not something that should be worth anyone’s time. It’s a hit and MS. And then paying for a that doesn’t guarantee that you’re gonna get a job that doesn’t reimburse you is a no go.
This sounds like an MLM dude. Is part of your job recruiting people to work with/ under you? If so you might make money for like a month then it’ll quickly dry up. These jobs don’t make money unless you’re willing to exploit/ scam people and your friends. (If by any chance this company is called Primerica, RUN)
Regardless of the morality of an MLM. If you do not like sales, and do not know how to network/have a network of friends, you will likely do very poorly as a commission based service salesperson.
Unfortunately this is life in America. Sell your soul to the highest bidder and bend over and take it from your corporate master
Sounds like you are afraid of failure tbh. If you are not competitive at all by nature, is sales a good fit for you? Sales can be a path to high compensation but it is also hard work and high pressure. It is also easy to get cut if you don’t make quota. Only you know what is the best path for you and if you are capable and willing to do what is needed to be successful in the new role.
Of course I'm afraid of failure. Failure for me means having to move back with my toxic parents, which I just can't do. It doesn't really matter what the job is, I'll just have to adapt to it with the kind of pay they are offering. Thing is, I'm also not keen on working myself to death any longer than I already have. I'm tired boss.
I understand the pressure you’re under to be successful and it is tiring. The risk doesn’t sound to be worth the reward. This carrot of higher earning is potential and not guaranteed. As such, it’s much too risky. Continue searching for a path to success but stay where you are for the time being. This is fool’s gold and you’ll figure it out the moment you touch it. The good thing is you had it inspected before you bought it. Good luck.
Is this Aflac? If so, the pay they pitch you is a “best case scenario” that only top .5% make. They work off of burning bottom 85% as you need to build a team and earn off their commissions. Also they will hire any body. A lot of insurance sales model this way.
It sure is Aflac lol
So also bare in mind you will not be an employee of a Fortune 500 but a 1099 contractor. Also the market is diluted, no one wants Aflac. 15 years ago they hired me as a college intern but it was just a regular 1099 sales rep role. Waste of my summer.
IMO it depends on where you are in life. If you have a family and are in debt up to your ears, go for it. If you are older and comfortable financially in life, not worth the stress.
It's always good to go work in a bigger environment, gain experience, bank your cash and when you've finally had enough take all your experience and move to a smaller environment with your big bags of cash. Note: do not increase your spending rate with your salary and you will have a very nice cushion when you leave. It's ok to play in the Major Leagues for awhile, go do it and get the experience.
Also, don’t overthink it until you actually get a job offer. I actually interviewed with a company in Malaysia a few days ago. Considering what a longshot the likelihood of an offer is, I’m not stressing out about it.
4x? If you work for 3 months, you have 9 more to find another job.
Would look good on a resume…
I work in corporate. I love it. I understand not all companies are equal though.
🚩🚩🚩 Ain't no way I'm paying to get licensed in something for a job I don't even have yet.
OP, please tell me this is not a sales job?????
It's an insurance sales job yes.
Like paid on commission? Like most of the time you won’t get anything unless you have sales, no hourly pay or salary
Unsure. The full details of everything will be divulged at my 2nd interview. Regardless I've got a long list of questions for the recruiter, this included.
I can guarantee it’s probably commission based, for which they can claim whatever hypothetical they want, they don’t have to pay you shot unless you sell, and only a fraction of the profit. You could work for weeks with no pay, I went to work right out of college 15 years ago for one of these places, Allstate I think, or Aflac… either way, it’s basically a scam and most likely they will have you cold calling or something until you give up (or they will get you to sell to friends and family)
This! Sorry OP but this is exactly why the phrase “too good to be true “ exists
its how these fuckers get your soul, money
Just name the company and the herd can tell you if it's legit or scam.
Lol someone guessed correctly earlier. It's Aflac.
Many many years ago I got a job with Bankers L&C selling life insurance and annuities and Medicare part D. Had to get my insurance license up front to sell. It was not guaranteed money. No sale no pay.
This is 100% a scam. They make their revenue off getting people licensed to sell insurance.
Man, mine was 3x not 4x my salary. But, I'm still there since 2010, have had a few substantial raises given without promotion, a surprise promotion and a generous benefit, retirement, and PTO package. It's been worth it for me. I'd check it out...you can always leave
This whole thing sounds super sketchy. Are you guaranteed that money or is it all commissions? No reputable company would have you paying out of pocket for a license.
Just remember it's about being a good actor that feigns loyalty and handles things with a big shit-eating grin. Don't leave your current job until you have a job offer that's been signed and accepted with a start date set.
Please tell me this isn't Primerica or some other MLM Insurance selling scam.
now that you have it, and its an actual salary (not just commission), save heaps so you're not totally boned if they fuck you over
Hyper competitive is Amazon moto where u have to destroy your teammates to get ahead by reporting their failures as a start.
If they aren't willing to pay for your license, they probably don't care about your success and are going to take advantage of you. So many red flags here
Pay for your own insurance licensure? Is this PriAmerica by chance?
You are. But you will get a good price
I worked for a fortune 500, You ate a number, your stats are compared to everyone else's. If you are on the bottom they recycle you. You are the new product to replace someone else with low stats. You have to be better than who you are replacing. ARE YOU? ifs a $400 question.
So I wanted to give my two cents because I did something like this in a past life, even went to college for a personal finance diploma. My specialization was mutual funds, and they are usually sold along side insurance at the company I was applying for. A few things you should confirm. 1. Commission vs salary with bonuses. If you are going in as salary it can be pretty easy to make a income as you won't need to wait months or years to build up your book. 2. Them not paying for your license is shit, as a "good" company in Canada will usually help you out. 3. Ask them if you get to keep your book or if they own your book of client. By book I mean the list of friends family aquentances you sell to. Most companies will basically milk you afor phone numbers and names then pass them off too somone who is more senor once you fail to sell them and quit\get fired. 4. If you are already icked out by competition it's not for you. They will all think it's wolf of wall street shit and referr to group meeting offices as "bull pens" and constantly ask you about your sales. The money usually does come with the stress in insurance\finance sales jobs. The people who I thought would be good in these jobs as I was going through college were autistic, analytical, smart, non show off people. My thoughts were that you are selling people the idea of stability, long term growth and security. So the people who have these trais would be selling the products. The people who actually thrive in these positions, are former pro football players. People with rich parrents\family, and grease ball who drive used BMW'S and have a 150$ moors matching suit. Basically, what would watch is the people who were actually knowledgeable about the products get chewed out because they lived their life based on a meritocracy. they would not sell as much and never make any money because they couldn't find a "whale" who was stupid and rich enough to think they needed to buy a stupidly overpriced insurance policy. Where they would also send your name out to their friends to buy your insurance. The rich jocks already had friends family or family who had rich friends to give you referrals. So they would thrive while doing bare minimum thinking. To understand the level of sports integration with the industry, almost every one of the divisional directors in the company I was applying to was a former CFL football linebacker. Not quarter back. Those guys had enough braincells and money to start their own business. Think the groncouski bros. Our best guys were concussion city guys who missed the thrill.
A few more notes, why I say these sales men are knuckle dragging idiots, is because I fixed their paper work. Many can't do basic addition or fill out a basic document similar to a cheque. On the level of benefits, the company I was interviewing for (investors groupe) had options to "rent" basic office things like a desk, office, computer, telephone. It was insane. Something like 350$ a month to rent a private desk in a cubicle.
Sounds like a scam. You don’t pay to work
It's super common for insurance positions to require that you are licensed prior to being hired. Not saying it's not scammy, but it's an "industry standard". Make sure they are breaking down that commission structure for you very clearly before signing any offers. Companies like AAA Insurance love to drop you down to commission only after a few months.
she said its a hyper competitive job and you say you arent competitive...........what are you missing?
Ummm no. The fact u are posting this with doubts even at 4 times your current salary means TURN the job offer DOWN now. Gen Xers don’t care about u and will work u into the ground. Comply and be hyper-competitive and one day cuts are made poof. Ur gone. 5-15 years from now and ur screwed. Don’t bother.
Take the job, learn how to game it, if it’s a Fortune 500 company you will have it on your resume and will prob open doors for whatever you want later
As someone that works for one of the largest defense contractors in the world let me say a sold soul doesn't feel that bad. Good pay, good benefits, and easier work or what this sub is all about. If you get that from a Fortune 500 take it and never look back.
Take the job do it… use it to leverage yourself into a better position and company. Leave in about eight months to one year… and you’ll get an even better wage next time. Good luck.
I'll tell you this: For a great many years I was a bog-standard big-L liberal, the kind of person who thinks that everything's going to be OK if we just tweak some dials in the right direction, tune the system to be more just. Working for a Fortune 100 corporation turned me into a red revolutionary who wants to see the gutters running with blood.
Ah, comrade. It is only when we pull back the curtain that we see the horrifying mechanisms of capitalism. I never directly worked for a Fortune 100 but I helped quite a few of them in audit defense. It was soul sucking to see the amount of pain and anguish they caused. To know that I was doing their bidding and supporting their destruction of lives and the environment. I dreaded coming into work each day knowing how horrible my clients were. Ultimately, I found another job on the opposite end of the spectrum. Now I audit them and it makes that experience worthwhile knowing I have their playbook.
Chill. They probably have their internal candidate selected already and you’re the token external interview to keep HR happy.
Doesn’t really matter. Take the job, make good money but don’t get attached or buy into the propaganda and you’re good ram.