Which is a better: a career in insurance or a career in real estate?

Question:

Which is a better: a career in insurance or a career in real estate?

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Answer:

To help you make an informed decision, below are some of the career options in insurance and real estate, according to the U.S. Bureau of Labor Statistics (BLS):

  1. Property, real estate, or community association manager: Career prospects are projected to grow 7 percent from 2018 to 2028, leading to 26,500 new jobs and a median pay of $58,760 in May 2019.
  2. Real estate broker or sales agent: Career prospects are projected to grow 7 percent from 2018 to 2028, leading to 32,400, where the median annual wage for real estate brokers was $59,720 in May 2019, while the median annual wage for real estate sales agents was $48,930 in May 2019.
  3. Insurance sales agent: Career prospects are projected to grow 10 percent from 2018 to 2028, leading to 48,300 new jobs and a median pay of $50,940 in May 2019.
  4. Actuary: Your work is essential to the insurance industry, with career prospects projected to grow 20 percent from 2018 to 2028, leading to 5,000 new jobs and a median pay of $108,350 in May 2019.

For more information about a career in insurance vs real estate, check out this article: Insurance Agent Vs. Real Estate Agent

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