Insurance as High Finance?
Hi everyone - as ridiculous as the title sounds, I needed to get some input from others. My brother-in-law works for a large insurance carrier (think Chubb, AIG, Travelers) and is currently a VP in a tier 2 city. At every family event he consistently brings up his work in insurance as being on par with BB/EB IB and will even go as far to say that Insurance is included in "High Finance". He tries to impress everyone by telling stories about how his group will fly out east every weekend to hang at Gurney's or down to LIV in the winters. As you could imagine it is extremely frustrating for me because not only is this guy married to my sister, but he also obnoxiously knocks my job at an EB every chance he gets (despite him only working 45-50 hour weeks). Again, apologies for the rant - just needed some input from those who could at least somewhat understand how annoying this is, especially when family members suggest his job is much more important than mine.
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Giving you the benefit of the doubt that this is not a troll post, I suggest getting a life.
Tell your BIL he clearly gargles balls. Def has a massive inferiority complex if he's making such wildly inaccurate comparisons while bringing up the topic completely unprompted lol
My Dad's high school friend went into insurance and absolutely killed it and moved up all of the ranks to eventually become an owner and billionaire.
Depends what he does at the insurance company and what type of insurer it is. I assume he is an underwriter or broker, both of which can pay well, especially for hours worked. Or maybe he is on the investment team (at larger carriers, some do in-house AM and direct public and private investing but many others just do FoF) which is a haircut relative to third party managers but relatively chill, good pay, and interesting. He is obviously insecure about it though and you seem to be as well.
Sorry dude, he breaks your sister's back every night and breaks your spirit during the day. He's won
Can't tell if this is a serious post. However, I have heard from alumni that went into various types of insurance sales and make a killing ($400k all in for "working" 40 hours a week at VP level) Only problem is you're forced to work in insurance.
So he makes a ton of money, his work life involves flying all over the country to party, he works 45 hours a week, and he's intelligent enough through all of this to understand that "working at an EB" doesn't mean jack shit except that you work way harder than him, and for way less compensation?
He's right - his job is both better and more important than yours. Not sure why you think you have the high ground when you're working your ass off and doing worse than he is!
The Chad Insurance Guy vs The Virgin EB Prestige Whore
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