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Job Survey: Managing Associate

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Location: Honolulu
Company: New England Financial
Experience: Mid-level
Highest Level of Education: Undergraduate Degree



Job Responsibilities
Major responsibilites are to recruit, train and retain new agents time exceeds 60 hrs. a week - the more inexperienced the recruit the more time must be spent in training
Job Requirements
Education background - finance is helpful - Management courses are good, insurance specific courses great. Marketing helpful.
Uppers
Able to help others creat a successful career, excellent income potential.
Downers
Time management is very challenging in this position actual commitment of the firm to the process may not be real very hard on family relationships due to excessive time on job
Lifestyle
Lots of travel, eating out, community activities, industry activites etc. You must enjoy meeting and working with a wide range of people, styles etc.
Compensation
Typically companies will pay Managers a base salary and an overide on commissions generated by the agents in your unit. This stipend may be insuffiecient for you to survive during the first few years. Once a unit is established and doing well - money becomes less of an issue for you and your income will be substantially above that of your peers.
Advice to Jobseekers
Find a firm that is not only corporately committed to the position, provides at least a 5k base salary for 3 years, and has a well defined development plan for you and your unit - but - (and this is critical) the local office you will be working with must have a Managing Partner (sometimes called a GA) who is equally committed and is trustworthy. Check out the Company in minute detail before you get involved.

This Managing Associate career survey is just one of 1000s of exclusive career surveys available on Vault. Find out what it's actually like on the job with Vault's job surveys.

Read all Vault Career Surveys for the inside scoop on specific jobs
Read Vault Employee Surveys for the inside scoop on specific employers
Read Vault Student/Alumni Surveys for the inside scoop on colleges and grad schools