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Actuarial work experience

Work experience can give you the edge when you are contacting potential employers

Employers are looking for much more than just an excellent academic record.  Work experience shows initiative and determination, and demonstrates your willingness to learn in real life situations.

47% of employers say that it is “not very likely” that they would take on a graduate with no work experience.  (High Fliers, The Graduate Market in 2013)

How do I get work experience?

Many actuarial employers offer internships and often use them as opportunities to evaluate suitable candidates for future positions. The Actuarial careers guide will show you which employers currently offer internships. 

What can I expect from an actuarial internship?

Towers Watson had a series of interns working with them last summer in their Leeds office. Find out what they thought of the experience:

Barnett Waddingham also recruited a series of interns to work with them last summer, from Cambridge, Nottingham and Bristol. Collectively they have written two blogs which talk about their experiences.

What do I do if I can’t get any actuarial work experience?

If you're struggling to find an actuarial work placement, it is often worth approaching large employers such as insurance companies for general office-based work experience. Although this may not be what you had in mind, it will be a useful insight into the workings of the industry. Once you've established yourself, mention your interest in actuarial work, and see where it takes you.

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Contact Details

You can contact the Careers team at:

careers@actuaries.org.uk

Institute and Faculty of Actuaries, 7th Floor Holborn Gate, 326-330 High Holborn, London WC1V 7PP

We aim to respond to all enquiries within five working days.

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Events calendar

  • Autumn Lecture 2020: Professor Elroy Dimson

    Online webinar
    14 October 2020

    Spaces available

    Many individuals and institutions have a long-term focus, and invest funds for the benefit of future generations. Their strategy should reflect their long horizon. University endowments are one of the oldest classes of institutional investor, and I will present the first study of the management of these endowments over the very long term.

  • GIRO Conference 2020 Webinar Series

    Available to watch globally in November.
    02-13 November 2020
    Spaces available

    This year's GIRO has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the general insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's GI Online Learning Resource area.

  • Life Conference 2020 Webinar Series

    Online
    16 November 2020 - 27 November 2020

    Spaces available

    This year's Life Conference has been re-designed as a virtual conference to offer members and non-members the opportunity to get up to date content from leading experts in the life insurance field via online webinars. All sessions will be recorded and made available to purchase and re-watch post-event on the IFoA's website.

  • Spaces available

    The webinar will discuss the challenges and opportunities schemes face in evaluating end game options, choosing a target state and understanding the impact this strategic decision could have on member outcomes long after the “end state” is reached. Adolfo, Kevin and Rhian bring over 60 years of experience in the industry and a variety of perspectives as scheme actuary, covenant adviser, trustee, de-risking adviser and insurer.

  • Spaces available

    Cash-flow driven investing is a game-changer for DB pension funds navigating their end-game. Suitable for sponsors who want to reduce risks on their balance sheets. And for trustees, it shifts the focus to providing greater certainty of returns, managing funding level volatility and ensuring they have enough income to pay cash-flow requirements.

  • Spaces available

    The talk will provide an understanding of the priorities and relationships between deficit reduction contributions, in the context of wider scheme funding, and different types of value outflow from the employer based on the working party’s recently published report.