John Michael "Mike" McDonough
Chicago, Illinois, United States
20K followers
500+ connections
About
Thanks for taking the time to learn more about me through my LinkedIn profile. I…
Services
Articles by John Michael "Mike"
Contributions
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Here's how you can effectively delegate tasks with clear instructions and expectations.
The generation of results and revenue is mandatory to survive in any business. The ability to survive preseeds the desire to be all things to all people. Play to your strengths and get others to do what you are not good at doing. This was how I was taught and although you never stop learning, it has been a great strategy for me.
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Here's how you can maintain adaptability in a rapidly changing industry.
So the way I embrace change is to take the goals and plans for the day, week, or year to God. Prayer is my strategy that has been a gift from God that allows me to listen for biblical wisdom or heavenly insights. Change is part of life and living with purpose and plans allows you to adjust and recover more quickly.
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What are the best ways to switch industries during your career?
If you are going to start in a different industry, which is not my recommendation. You would be wise to intentionally get to know people in the role that you are pursuing. Looking under the surface of information is your responsibility to explore. This only happens in relationships with people who are in the industry and roles you might like to pursue. Networking, social media, or events provide opportunities to get more depth and insights. Please go the extra mile to get this information!
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What are some strategies to effectively communicate your work-life balance needs in an interview?
If you want to make large contributions to your employer, know your strengths and position yourself to be in roles where these strengths can bring game-changing results to your team or organization. This understanding needs to be understood before you look at a culture or other employer variables.
Activity
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Career Growth? I don’t think so… These are the real reasons people make a change…. Unappreciated Stuck Marriage or Divorce Underutilized Addition…
Career Growth? I don’t think so… These are the real reasons people make a change…. Unappreciated Stuck Marriage or Divorce Underutilized Addition…
Liked by John Michael "Mike" McDonough
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For E&S Underwriters anywhere...super successful Insurtech Carrier is about to innovate the E&S market. Do you want to be a part of the…
For E&S Underwriters anywhere...super successful Insurtech Carrier is about to innovate the E&S market. Do you want to be a part of the…
Liked by John Michael "Mike" McDonough
Experience
Education
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Western Illinois University
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Activities and Societies: Water Polo Club, Marathon training
Well rounded education with a wide variety of classes and life experiences gained while working and attending WIU in Macomb,IL
Volunteer Experience
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Volunteer
Love INC
- 16 years 1 month
Economic Empowerment
Volunteering with over 150 others from local churches to pick up furniture donations in Lake County Illinois and then distribute furniture to people who are in need of furniture. Our church also has been visiting people in a local nursing home with our dogs as part of "Dog Day" and this has blessed everyone involved.
Publications
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Making the right insurance hire in 2023
gsr4you.com/blog/
Guidance for hiring the right insurance talent in 2023
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Underwriting for Recent Grads Why underwriting is a promising field for graduates and young professionals.
General Search & Recruitment
Underwriting for Recent Grads
Underwriting for Recent Grads
Why underwriting is a promising field for graduates and young professionals.
By: Mike McDonough
In the past few years, we’ve seen hundreds of underwriting opportunities come through our office. We’ve filled quite a few for upper level and executive underwriters, but we’re seeing more and more positions for recent grads and professionals with just a few years of experience. Below are just a few reasons why pursuing…Underwriting for Recent Grads
Underwriting for Recent Grads
Why underwriting is a promising field for graduates and young professionals.
By: Mike McDonough
In the past few years, we’ve seen hundreds of underwriting opportunities come through our office. We’ve filled quite a few for upper level and executive underwriters, but we’re seeing more and more positions for recent grads and professionals with just a few years of experience. Below are just a few reasons why pursuing a career in underwriting, especially insurance underwriting, could pay off for younger candidates in the field.
Salary
The median starting salary for an underwriter is around $55,000, but some new hires on the coast are seeing entry-level jobs start at $70,000 and above. Most professionals see that number rise by $5,000-$7,000 after they accrue around 5 years of experience. If that sounds like a good start, it should only get more lucrative in the future. In the last 10 years alone, the median annual salary for underwriters has risen by $10,000. Most analysts see this number continuing to grow as the role becomes more in demand in the years to come.
Security
In addition to the financial security, a career in underwriting also offers a great deal of job security for professionals in the field. Most hiring managers in the underwriting industry see at least 6% growth for the position in the future. There’s so much demand in the industry that hiring managers are actively recruiting Insurance underwriters from other fields to train and transition into the role. This field is also more recession-proof than most industries because insurance companies tend to be conservative with their hiring and staffing, even during economic booms.
Upward Mobility
If job security and financial stability aren’t enough... http://gsr4you.com/2017/02/20/underwriting/
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November Job Market Observations
Mike McDonough
Observations for Insurance Industry Job Market.
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July Job Market Observations
Mike McDonough
July Job Market Observations for the Insurance Industry
Courses
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Born to Win Course
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Projects
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Search Assignment for Sales Leadership Executive
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5 active searches for Underwriting Talent in the Chicago area; are you in commercial underwriting? If so please contact Mike McDonough @ 312-922-6664
Other creatorsSee project
Honors & Awards
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2013 Top Split Producer, 2018 Top Split Producer
National Insurance Recruiters Association
Recently elected to serve as President on the Board of the National Insurance Recruiters Association in May of 2015 and again in May of 2017.
Completed more search assignments with split partners than any of the other member companies for 2013. Underwriting Talent and Claims Leadership Talent was the area where Mike had the most split placements.
http://insurancerecruiters.com/
Languages
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English
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Organizations
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Hidden Jobs 4 you http://hiddenjobs4you.com/
Co-Founder
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National Insurance Recruiters Association (NIRA) http://insurancerecruiters.com/
Board Member
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Recently elected to serve as President of this global recruiting association. Working with executive recruiting firms to identify talented people and place more insurance people in insurance jobs nationally. Placing Underwriting Executives and other key leaders is where my firm has had the most success. Our processes and research team is outstanding.Have developed business relationships with other recruiting firm owners who are committed to delivering outstanding results to both client companies and individuals. nirassn.com
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Professional Liability Underwriting Society
Member
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A few weeks back, I had the pleasure and honor to speak at the NetDiligence® conference in Philadelphia to undergrad and graduates about…
A few weeks back, I had the pleasure and honor to speak at the NetDiligence® conference in Philadelphia to undergrad and graduates about…
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Praying for all my fellow Floridians in the path of Milton. As well as all those affected by Helene. We are strong and have the best governor that…
Praying for all my fellow Floridians in the path of Milton. As well as all those affected by Helene. We are strong and have the best governor that…
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We are thrilled to announce the promotion of Gerry McCabe to Vice President for Strategic Initiatives! Gerry’s leadership, innovative thinking, and…
We are thrilled to announce the promotion of Gerry McCabe to Vice President for Strategic Initiatives! Gerry’s leadership, innovative thinking, and…
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https://lnkd.in/eBvicHmf #insuranceindustry #change #money #time
https://lnkd.in/eBvicHmf #insuranceindustry #change #money #time
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