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Case study: Michael

Case study - Michael 

Michael

Position: Trainee Actuary - Investments (part-qualified)
Studied: Mechanical Engineering at Imperial College, London
Now working for: Watson Wyatt, Reigate

 

"I enjoy solving practical problems. Intellectual challenge and satisfaction of finding an effective solution were the two reasons I chose to study engineering at university. It was important for me to find a career that would make use of my mathematical and problem solving skills. So an actuarial career was an ideal fit for me.

There is a steep learning curve. But with careful planning and discipline, you can achieve a balance between work, study, and social activities.

Our clients are trustees of large UK company pension schemes and they are responsible for making investment decisions on behalf of pensioners and employees. We advise them on strategy and implementation to manage their investment risk and to maximise return. My role in the Structured Products Team involves designing solutions for clients who seek advice from Watson Wyatt on how to manage risk using complex financial instruments known as derivatives.

Variety of work is truly the norm in a consulting environment. I'm involved in financial modelling, attending research meetings with investment banks and fund managers, mentoring, programming and writing reports for our clients. There is an Associate Rotation Programme which provides junior associates with the opportunity to work in different teams to develop their skills and gain exposure to different types of work. Finally, several colleagues in my team have spent time working abroad.

Ours is a very friendly and supportive working environment. I can ask anyone in my team, including senior consultants, for advice and help with my work. I have two mentors: one for study and the other for informal guidance. Outside of work, there are also team drinks/dinners, office excursions and a range of sports teams and leagues."

 
Page updated: 3 September 2008
Contact: Web editor