Qualifications

Those executives entering the insurance industry are very poorly qualified in terms of their academic qualifications (see table J). A minority of respondents gained college or university qualifications. Of those having insurance specific qualifications (31 percent of respondents), the most common are as follows:

• ACII (49 percent of respondents having an insurance specific qualification)
• FCII (12 percent)
• CIP (8 percent)
• Part qualified ACII (6 percent)

Analysing the average basic salary of executives having a specific insurance qualification (average basic salary £32,800) versus those not having a specific insurance qualification (average basic salary £30,600), logic conveys that the qualification is worth an additional £2,200 to an employee's basic annual salary. Having a specific ACII qualification is worth an additional £5,800 to annual basic salary (average basic salary £36,400).

Qualification	Percentage respondents having qualification (%)
HND	29
Undergraduate	8
Postgraduate	6
Other qualifications	11
Insurance specific	31