Collectively, Australians have almost $10 trillion tucked away in superannuation, while 13.3 million Australians have some form of private health insurance. This is largely down to every employer having workers' compensation insurance in place and every car on the road having, at a minimum, Compulsory Third Party insurance. This is all great news for those looking for graduate jobs in the areas of insurance and superannuation!
Common graduate roles in insurance and superannuation include:
The leading employers for insurance and superannuation graduates include AAMI, AMP, Allianz, Australian Super, Bupa, Colonial, GIO, Medibank, MLC and QBE, but it is worth investigating smaller super and insurance firms, notably state/territory specific automotive clubs, such as NRMA, RACQ, and RACV. Brokerage companies such as iSelect also hire graduates.
As the major banks (ANZ, Commonwealth Bank, National Australia Bank and Westpac) and supermarkets (Coles and Woolworths) also offer insurance to Australians, graduates should consider the graduate programs these companies offer. These programs often close in March for start dates in the following year.
There are many jobs that relate to insurance and superannuation, so it is not anticipated that it will be difficult for graduates to find a job.
The medium starting salaries for most insurance superannuation graduates is approximately $50k.