Have a friend who was recently laid off. 3 YOE in underwriting (homeowners insurance). Has a bachelors in economics from a top 5 public university. We’re not sure what else he could break into. He wants to get out of that industry entirely. Could anyone provide any insight into potential opportunities he’d be qualified for, outside of insurance. Namely finance or consulting. Thanks in advance.

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Has he looked into any Financial Analyst or Associate positions? He may have to start out with something closer to entry level since he's switching industries, but it wouldn't take long for him to start earning more, especially with the skills that he's gained in underwriting. Not sure if this helps at all, just a few ideas I had.

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Will definitely look into it more, thanks.

I agree these are transferable skills! I would reach out to trade organizations focused on increasing opportunities to find research analysts in finance, namely asset management. Some have job boards.

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Never would’ve considered this, thank you!

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Also, go to industry conferences to network. Asset managers as well as allocators are looking to increase their talent pool, and many are looking to curate the talent they need.

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Another vote for conferences, I think there are a lot of transferable skills here but they might have an easier time networking to figure out what the next step is

Real estate acquisitions roles would appreciate the underwriting skills. If he has any interest in RE, that is something to consider

I would look in valuation if they know their way around some financial models. A decent amount of insurance companies deals with valuation of securities and it could be an easier exit from insurance to valuation

I would suggest any sort of analyst role. He/she would def be qualified and it may help them decide what they really want to do. Sorry to hear about thte layoff.

Mortgage investment companies could be good

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