Quora Answer: Why are Many Young Singaporeans Working as Insurance Agents?

The following is my answer to a Quora question: “Why are many young Singaporeans working as insurance agents?”

In a population of 5.5 million, there are less than 10,000 financial services consultants in total, whether young or old.  That is less than 0.2% of the population.  There seem to be many because they are actively looking for clients.  This is especially so for the young, newer consultants because they have no network yet.  They are just starting out.  Even then, we have to consider that to get certified by MAS is a daunting task.  The passing mark for the licensing is 70%, and the turnover is high.  This is perception, not reality.