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DIFS: Growing Insurance, Financial Services Industries Offers New Jobs, New Opportunities to Michiganders
May 17, 2022
FOR IMMEDIATE RELEASE: May 17, 2022
(LANSING, MICH) As the economy continues its recovery from the COVID-19 pandemic, the Michigan Department of Insurance and Financial Services (DIFS) is encouraging job seekers to consider a career in the state’s growing insurance and financial services industries. With the Michigan economy attracting new businesses in this sector, working families will have more opportunities to live, work, and serve right here in Michigan.
“The insurance and financial services industries are growing in Michigan and that means new jobs and new opportunities for Michiganders of all backgrounds and skill sets, from sales to marketing to IT and accounting,” said DIFS Director Anita Fox. “There are highly rewarding careers available, both here at DIFS and in the industries we regulate. Whatever your education, training, or job experience, a career in the insurance or financial services industry may be a good fit for you, your family, and your future.”
Recent data reported by the Michigan Department of Technology, Management and Budget (DTMB) shows that the Michigan financial activities sector, which includes both the insurance industry and financial services industries, added more than 4,400 new jobs in the first quarter of 2022, with 1,300 added in March alone. According to recent data provided by the U.S. Bureau of Labor Statistics, the median hourly wage for Michigan financial sector jobs is approximate 55% higher than the median hourly wage earned by Michiganders in other sectors, meaning that Michiganders can expect competitive compensation when they grow their careers in the financial and insurance industries.
To fill new positions, companies in these industries need employees with a variety of educational backgrounds and skill sets, including:
- Computer science and engineering
In addition to positions within insurance and financial companies, DIFS is hiring for a variety of positions that work with the insurance and financial services industries. For more information, including current job postings, visit the DIFS Careers website. For more information about the insurance industry and financial services industry in Michigan, visit Michigan.gov/DIFS.
The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit Michigan.gov/DIFS or follow the Department on Facebook, Twitter, or LinkedIn.