After leaving the military, many veterans decide to look for employment in a new field. In order to help with this process, the government offers educational benefits under the Post-9/11 GI Bill®. If you have access to benefits under this bill, you have many different options when it comes to your career path. However, one of the most beneficial and lucrative career paths available is in the field of automotive finance and insurance. Below is some information about how the Post-9/11 GI Bill® and how it can help you launch your new career.
What Is the Post-9/11 GI Bill®?
The Post-9/11 GI Bill® is available to specific members of the military who meet certain requirements. If you qualify for benefits under this bill, you will have access to money that can be used for higher education for yourself, your spouse or your child.
In order to qualify for the benefits available under the Post-9/11 GI Bill, you must have been on active duty sometime on or after September 11, 2001. Your active duty must have lasted for at least 90 days, or at least 30 days with a medical honorable discharge.
The benefits available under this bill can be used to cover a variety of expenses, including your tuition, educational fees, book costs and housing. If you need to relocate in order to attend an appropriate educational program, your relocation expenses may be covered as well.
Not all veterans will be entitled to the same benefits under this bill. The exact amount of benefits you will be awarded depends on the amount of time you spent on active duty. The maximum benefits available to veterans are up to 100 percent of tuition and educational fees, up to 100 percent of housing expenses and a total of $1,000 per year for educational supplies, including books. If you qualify for coverage of your relocation expenses, up to 100 percent of these expenses may be paid under the Post-9/11 GI Bill.
Why Choose a Career in F&I Management?
As a veteran with access to educational benefits under the Post-9/11 GI Bill, you have different career options available. However, there are many notable advantages to choosing a career in F&I management. Some of the advantages of choosing a career in this field include:
1. A handsome salary.
One of the most notable benefits of a job in F&I management is the opportunity to earn a high salary. The earning potential associated with this job makes it one of the more appealing options available for people with Post-9/11 GI Bill benefits. If you are successful in this career, you can easily earn a six-figure wage on an annual basis. In most cases, your wages will be a combination of a salary and commission.
2. Job security.
The F&I management industry is growing all the time, and there are plenty of opportunities for people just entering the field. In fact, at Automotive Dealership Institute, we are able to place more than 90 percent of our graduates within 90 days after they have completed the program.
Working as an F&I manager is fulfilling in a variety of ways. In this position, you play a key part in helping customers realizing their dreams of owning a vehicle. You are also responsible for bringing in a large portion of the dealership’s revenue through the sales of optional products and services.
4. Quick, simple training.
Unlike other career options, which may require you to spend many years in training before you are able to begin working, F&I management lets you complete training quickly and enter the field. With only a few weeks of time invested, you can build the knowledge and skills you need to be successful.
Using the Post 9-11 GI Bill for F&I Training
Although it may be possible to begin a career as an F&I manager without professional training, this is not recommended. In order to ensure that you have the best chance of having a successful career, you need the right training.
Automotive Dealership Institute is proud to accept Post-9/11 GI Bill benefits. When you choose our institution for training, you will be able to complete the entire program in as little as 4 weeks. Our program is the only licensed F&I training program in the nation and has held this status for over 30 years.
At ADI, we understand that you need a variety of skills and knowledge in order to be successful in this career. Our training program is carefully structured to make sure you have all the resources you need to be successful. While enrolled in our program, you will spend time learning about the ins and outs of the vehicle sales process, how to interpret credit scores and reports, how to complete important calculations and how to complete all the necessary paperwork throughout the financing process. Our program also aims to teach you sales and interpersonal relationship skills so you can be more effective when interacting with customers.
Contact Automotive Dealership Institute
If you are interested in using your Post-9/11 GI Bill benefits to become a F&I manager, ADI is here to help you achieve your goals. In fact, we have a liaison dedicated specifically to helping veterans submit all the necessary paperwork to apply to use their Post-9/11 GI Benefits for the in-classroom programs our institution offers. Depending on the situation, you may be eligible to receive full tuition, as well as an allowance for your travel and housing expenses. After your program is complete, we will even help you look for your first job. Please contact ADI today to get started or to learn more about this training option.