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The latest news, trends and information to help you with your recruiting efforts.

Posted October 24, 2016 by

Four reasons why insurance is a great industry for recent college grads

InsuranceGuest writer Walt Capell, President/Owner of Workers Compensation Shop

1. The workforce in the insurance industry is aging.
According to the Insurance Journal, “The average age of an insurance industry professional is 54, and 60 percent of insurance industry professionals are older than 45.” For this reason, there are going to be a considerable amount of people in the industry who will retire over the next 15 years. For the millennial generation this opens up opportunities for them to gain experience, have access to mentors with years of wisdom and position themselves for very lucrative positions in the not so distant future.

 

2. It’s not just a guy’s club anymore.
In the past, the insurance industry has been heavily male dominated. Change has come slowly but surely. When you make a living depending upon successful risk analysis you tend to stick to what has been proven to work in the past and you tend to be wary of any new ways of doing things. For people who have worked in insurance for a long time, it is their nature to stick with what works and avoid risk or changes. Fortunately, more businesses in the industry have recognized the need to be more inclusive of women and the guy’s club is more a thing of the past. In 2015, according to the Bureau of Labor Statistics Occupational Outlook Handbook, women made up 47% of the overall workforce, but they were 59% of the workforce in the insurance industry.

There are still far too few women in leadership roles, however. According to 2011 Bureau of Labor Statistics Data women make up only 6% of top executive positions, 12.5% of seats of the board of directors and only 8% work inside business, legal or actuarial officer roles. A few examples of these roles include chief actuary and division president.
3. People will always have to purchase insurance in some form or fashion.
Insurance is kind of like death and taxes. Everyone has to purchase some form of insurance whether they like it or not. This is true if you want to drive a car or own a home. With the passage of the Affordable Care Act people now must purchase health coverage or face a fine. Depending upon the state in which you live, nearly all businesses are required to purchase general liability and workers compensation insurance. Because of these requirements to purchase coverage, the insurance industry will continue to provide recent graduates with relatively stable growth for the foreseeable future.

4. Millennials are becoming a target market.
Millennials are now approaching the age where they are purchasing insurance on their own and are beginning to start their own businesses. This makes them a target market for insurance companies to market to. Before long they will be a larger part of the population than the baby boomers who were the largest generation in history. This is good for millennial women because these insurance companies will market to millennials on their terms. Twenty years ago most insurance transactions took place in person or maybe over the phone with someone you knew closely. Millennials, however, are comfortable searching for and purchasing an insurance policy over their mobile device without ever interacting with a person. Because the way a customer purchases insurance has changed so dramatically over the past decade, the industry needs people to help them reach these customers through technology. Older generations, who now make up a majority of the workforce in the insurance industry, are generally less technologically savvy. Young job seekers with a variety of backgrounds—from IT and Graphic Design to even Digital Marketing—should consider the insurance industry as a career path.

walt-capellWalt Capell is the President/Owner of Workers Compensation Shop. Walt started Workers Compensation Shop in 2005. Workers Compensation Shop is a rapidly growing national insurance agency with a strong reputation for forward-thinking, out-of-the-box products and solutions for business owners. Walt would like to use his experience in insurance and as a small business owner to benefit the small business community.

Posted January 14, 2016 by

Job application advice for interns and grads

With the spring semester in full swing this week, many college students have begun to ask themselves (or at least their parents have begun to ask them) that age old question: what am I going to do this summer? Or better yet, if they’re graduating in May, what am I going to do after graduation?

Andy Ek, Manager of College Relations, Koch Industries, Inc.

      Andy Ek, Manager of College Relations, Koch Industries, Inc.

Andy Ek, Manager of College Relations for Koch Industries, offers college students pertinent advice and direction related to searching for both full-time jobs and internships.

What is the best advice you have to offer new college graduates about how to prepare for the job search process in January if they plan to graduate in May?
Regardless of timing, I’d encourage all students to self-reflect on their best natural abilities and their specific career interests. What are they good at and what types of roles would they enjoy doing most?  I think it’s important for each student to research firms that offer careers (not just employment) in their areas of interest.  Students will benefit from networking as much as possible (with peers, faculty, employers, etc).  The knowledge gained from building these relationships will lead students straight toward the opportunities with the most potential.

If students want to work for Koch as a summer intern, when should they apply? Please describe the application process.
The application process for our summer internship program starts at the beginning of the previous year’s fall semester.  For example, most students interested in our summer 2016 intern opportunities applied in mid-September 2015 in order to be considered.  All applications are available on our recruitment website, www.kochcollegerecruiting.com, and will require completion of an online profile, a short questionnaire related to the role’s qualifications, and submission of a resume.  Students eventually hired for a position typically receive an on-campus or phone interview, before traveling to a site location for a second interview.

Have you hired an intern who later became a star employee?
Our goal in employing interns is to identify those individuals with the right mix of virtues and talents required to be successful within our firm.  We are thankful to have had numerous examples of star employees hired through our college recruiting process, including eight who are current or past presidents of various Koch companies.

Want to learn more about how to connect the dots along the path to job search success? Follow our blog and connect with College Recruiter on Facebook, Twitter, and LinkedIn.

 

Andy Ek is the Manager of College Relations for Koch Industries, Inc. In this role, Andy is responsible for leading Koch’s college recruiting program, managing and developing Koch’s relationships with key universities, and partnering with Koch leadership to determine optimal entry-level talent strategies for their organizations. A native Kansan, Andy is a 2004 University of Kansas graduate with a degree in Business Administration and Accounting – he also earned a Master’s in Business Administration from KU in 2011.  Andy was recognized as one of the Wichita Business Journal’s 40 under 40 honorees in 2015.

Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America.  With a presence in more than 60 countries, Koch companies employ more than 100,000 people worldwide, with about 60,000 of those in the United States.

Posted March 24, 2015 by

Everything You Need to Know to Move Out After Graduating College

Sarah Landrum photo

Sarah Landrum

I’m sure we can all pretty much agree that the freedom and independence of college life is great. Your significant other can stay over whenever you please, you can blast the music as loud as you want, and ordering Chinese food in the middle of the night is totally acceptable. When you’re living with your best friends, there’s no one around to judge you. That’s why moving back in with your parents after graduating from college might seem like a bit of a culture shock, or even a nightmare.

There are ways to move out on your own after college. Whether you’re tired of your parents or are relocating for a new job, we’ll walk you through it. (more…)

Posted October 06, 2014 by

A State by State Look at Education in the United States

Even though education in the United States tends to be looked at on the whole, it is probably more fair to break it down by location to get a better idea of how students are doing in different parts of the country.  As a result, it may be easier to find answers to improve the quality of education students receive.  Here is a state by state look at education in the U.S. from the following infographic. (more…)

Posted August 04, 2014 by

College Student, Want to Maximize Your MBA Program to Help Your Search for Jobs? What You Can Do

While an MBA can help a college student in his or her search for jobs, it is important that he or she gets the most out of the chosen program.  Learn how a college student can maximize a MBA program to prepare them for the future in the following post.

MBA programs are all designed with the same goal in mind — to turn out well educated, ready-to-lead MBAs. But not all MBA students are created equal, as evidenced by that mid-career professional looking to launch into the next phase, the young college grad planning to enter the workforce with that all-important master’s in hand,

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Posted June 10, 2014 by

Overcoming the Odds: How College Grad Underdogs Can Beat the Economy

Some graduating classes luck out by entering a healthy job market, while others graduate as underdogs, having to come up with some big plays on their own to score a good position. This year’s class is entering a still-struggling economy, one in which employers are hesitant to start taking on new hires, or at least they are much more selective about who they ask to join their teams. (more…)

Posted May 20, 2014 by

Searching for Recent College Graduate Jobs? 17 Realities Facing Grads

For those of you about to search for recent college graduate jobs, you should be aware of 17 realities facing graduates that are found in the following post.

It’s ONLY a selfie. That’s the argument from graduating students at the University of South Florida. School officials at USF have asked grads to not snap selfies as they receive diplomas. A quote from the Associated Press: “I don’t have an anti-selfie bent,” said Michael Freeman, the USF dean who made the selfie rule. “I would just caution students to think

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Posted April 14, 2014 by

College Grad, Want an Employer to Hire You for an Entry Level Job? How to Become the Best Candidate

What does it take for a college graduate to get hired for an entry level job?  Find out what employers are looking for, according to the following post.

With nearly half of college-educated workers saying their first job after college was not related to their college major, it can be a little discouraging when it comes to your post-grad job search. However, if you start looking now and learn how to market yourself to employers, you’ll be on your way

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Posted July 16, 2013 by

8 Tips Every New College Grad Needs to Succeed

Abby Euler

Abby Euler, Salary.com contributing writer

Congratulations. After four years of classes, midterms, finals, projects, reports, stress, growth, and everything else higher learning brings with it, the time is here. You’ve graduated.

So now what?

All of you have degrees in hand, and the lucky among you have already secured your first jobs. But while the degree may have helped you get the job, success within the position is totally up to you from here on out. This is no longer a classroom, it’s a real-live business that is now depending on you to thrive and help it do the same. And if you don’t, there’s no extra credit – just the unemployment line.
I know, I’ve been there. So here’s what I’ve learned in the 10 years since my own graduation to get you off on the right foot. Congratulations, and good luck. (more…)

Posted May 16, 2013 by

What Entry Level Job Seekers Should Know Heading into the Workforce

The following post offers career advice for entry level job seekers as they enter the workforce.

When you’re just starting out—whether it’s as a college grad, a job seeker or the founder of your own business—it can be hard to know what steps to take. How do you make big (and little) decisions? What should you focus on? How do you handle the day-to-day stress? Thankfully, we’re not blazing

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Career Advice for Young Professionals from Successful Go-Getters