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Best way to become an actuary

Basically, I'd like to become an actuary at one of the big four firms. I was wondering if anyone had tips on what I can do to improve my CV. I'm hoping I can go to a PwC insight day and do some work shadowing at Aviva (it's local) before uni and then internships through my time at uni. Is there anything else I can do?
Reply 1
that's plenty.
Reply 2
tbh, for the big4 the more important criteria would be anything you have during your time at uni
because the applications for say internship and later graduate programme
require you to be quite all rounded

i recommend you to b v active at uni, so you have a lot to contribute during your interviews
they dont really care that much about nor do they expect you to have a lot of prior wk experience as actuarial wk exp is really hard to get
so focus on just keeping yourself updated with the actuarial world, read the news, learn about the diff divisions ie. general insurance, pensions, etc
be active at uni - create an impressive CV
(but theyre interested in what you did within the past 3 yrs before you apply ie. time at uni - so anything you do now, isnt of much weight or importance)
and most importantly GET GOOD GRADES
thats like a basic basic requirement

a bonus point is - go to a very respectable uni or do an actuarial degree maybe - then you have something more to say in your interview or reason for appyling to be an actuary

if you specifically want to be an actuary in the Big4 - i assume you would like to go down the route of
spring internship -> summer internship -> graduate programme

go research on their requirements and work around tht

but i presumer you're not at uni yet?

not sure how you can b so set on being an actuary but best of luck

just mainly
keep updated to actuarial news
like reading The Actuary
you're preparation is pretty early though!

also doing an actuarial degree is really good
gives you exemptions, and you get to learn more about the calculations before doing the other prof exams.
sort of mentally prepares you

hope this helps
Reply 3
Why are you so into the Big 4?
do an actuarial science degree, get 8 CT exemptions, hit the road, and get the job and pass exams simples!

are you 100% you want to be an actuary?
I agree, why the obsession with the big four? Better to decide what you want to do (generally insurance or pensions) and go from there. In the actuarial pensions market there are other bigger employers of actuaries anyway, that also have bigger shares of the market, so probably a better place to be. Their business is also generally concentrated on their actuaries rather than their accountants.

And yep, actuarial science degree will help (although it just annoys everyone at work who doesn't have exemptions!), but if you change your mind halfway through you're a bit stuck. Something more general like maths/economics is also good, and gives you more options.

The amount of exemptions you have are definitely not taken into account by employers by the way (not by mine anyway), but obviously do allow you to qualify a bit quicker.
Reply 6
http://www.thestudentroom.co.uk/showthread.php?t=1114685&page=23

I advise that you give this thread a read, it is effectively the Actuarial superthread.
Reply 7
Original post by Yorkshireactuary
I agree, why the obsession with the big four? Better to decide what you want to do (generally insurance or pensions) and go from there. In the actuarial pensions market there are other bigger employers of actuaries anyway, that also have bigger shares of the market, so probably a better place to be. Their business is also generally concentrated on their actuaries rather than their accountants.

And yep, actuarial science degree will help (although it just annoys everyone at work who doesn't have exemptions!), but if you change your mind halfway through you're a bit stuck. Something more general like maths/economics is also good, and gives you more options.

The amount of exemptions you have are definitely not taken into account by employers by the way (not by mine anyway), but obviously do allow you to qualify a bit quicker.


How is pensions? Did you choose it specifically, or did you just apply to all kinds of jobs? Are you glad you work in pensions, or are you hoping to get into another area (like investment) from there?

I'm starting in pensions in September and I'm just curious as I've read in a few places that pensions is the most boring area of actuarial work :tongue: Hope you don't mind my questions!
Original post by Jelkin
How is pensions? Did you choose it specifically, or did you just apply to all kinds of jobs? Are you glad you work in pensions, or are you hoping to get into another area (like investment) from there?

I'm starting in pensions in September and I'm just curious as I've read in a few places that pensions is the most boring area of actuarial work :tongue: Hope you don't mind my questions!


Haha hadn't heard that myself! One thing is it is constantly changing I suppose which makes it a bit interesting?!

I did actually choose it specifically, preferred it over insurance mainly because of the general consulting side of things. Don't really have much of an appreciation as to how much working in insurance differs though. I imagine investment is similar but just looking at the other side of things, more assets than liabilities. Can't say I'm intentionally using it to get somewhere else anyway, still liking it at the moment. It does help that I work in a young sociable office as well though, with only a handful of people over 40.

You might find it more interesting than you think, don't really know! Certainly lots to take in anyway. Whereabouts are you working? And did you choose it specifically? Easy enough to move around anyway, a mate in my grad year just moved to investment recently.
Reply 9
Original post by Yorkshireactuary
Haha hadn't heard that myself! One thing is it is constantly changing I suppose which makes it a bit interesting?!

I did actually choose it specifically, preferred it over insurance mainly because of the general consulting side of things. Don't really have much of an appreciation as to how much working in insurance differs though. I imagine investment is similar but just looking at the other side of things, more assets than liabilities. Can't say I'm intentionally using it to get somewhere else anyway, still liking it at the moment. It does help that I work in a young sociable office as well though, with only a handful of people over 40.

You might find it more interesting than you think, don't really know! Certainly lots to take in anyway. Whereabouts are you working? And did you choose it specifically? Easy enough to move around anyway, a mate in my grad year just moved to investment recently.


Well I did an arts degree (!), so I was kind of limited as to the companies I could apply to - most of the ones that didn't specify numerical degrees were consultancies and hence tended to specialise in pensions. Like you I am particularly interested in the consultancy side of things though!

I'm starting at Hymans Robertson in London in September. The company seems great and I love the people - they also make out that it's really varied work which I like the sound of, though you never know how much is just recruitment hyperbole :tongue: Indeed, I haven't met anyone who works in pensions and who isn't trying to get me to be interested in his/her company, so I was just curious!
Original post by Jelkin
Well I did an arts degree (!), so I was kind of limited as to the companies I could apply to - most of the ones that didn't specify numerical degrees were consultancies and hence tended to specialise in pensions. Like you I am particularly interested in the consultancy side of things though!

I'm starting at Hymans Robertson in London in September. The company seems great and I love the people - they also make out that it's really varied work which I like the sound of, though you never know how much is just recruitment hyperbole :tongue: Indeed, I haven't met anyone who works in pensions and who isn't trying to get me to be interested in his/her company, so I was just curious!


Ah ok, yeah that does limit you a bit I guess! Well there should be some variation in any pensions consultancy, but there may be a bit of repetition in your first few months just churning through transfer values. Really just depends what work in ongoing at the time! Like I say thanks to the government playing around with pensions all the time its always changing and becoming more complicated so makes it more interesting!

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