Actuarial Grad Schemes 2017

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    Hi everyone,

    I noticed there isn't a thread for this yet so I thought I'd create one. Seems like the Deloitte grad schemes are already open! Has anyone started applying yet?
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    is anywhere else open apart from deloitte?
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    (Original post by goofymark13)
    is anywhere else open apart from deloitte?
    Not sure exactly!
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    Just a word of advice RE the Deloitte one. I applied July last year for the 2016, passed online tests in the September, then didn't hear anything until the December when they rejected the application. So even though applications are open now, you may be waiting a while.

    EY and KPMG both progressed applications really quickly from beginning of September, likewise so did Grant Thornton. The vast majority of closing dates were November time, but a few came up in March/April too.

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    (Original post by ninegrandstudent)
    Just a word of advice RE the Deloitte one. I applied July last year for the 2016, passed online tests in the September, then didn't hear anything until the December when they rejected the application. So even though applications are open now, you may be waiting a while.

    EY and KPMG both progressed applications really quickly from beginning of September, likewise so did Grant Thornton. The vast majority of closing dates were November time, but a few came up in March/April too.

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    Thanks for the heads up.

    I've heard that sometimes you need to hound them (in spite of already passing tests) in order to get the interview because sometimes they just aren't organisationally equipped to deal with so many applications. Not sure how much truth there is in that though!

    Did you get onto a scheme in the end by the way?
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    (Original post by Paraphilos)
    Thanks for the heads up.

    I've heard that sometimes you need to hound them (in spite of already passing tests) in order to get the interview because sometimes they just aren't organisationally equipped to deal with so many applications. Not sure how much truth there is in that though!

    Did you get onto a scheme in the end by the way?
    Yep. I had two offers in May and am going to XL Catlin - I ideally wanted something in GI and preferably RI so perfect for me.

    I also got to final stage for many others inc v big firms however ended up being told (no joke here) some of the following:
    - too much experience
    - too many exemptions
    - not enough knowledge of pensions (when applying to a GI firm)
    - maths GCSE not good enough (A grade, despite A-Levels being better and with a predicted and now achieved 1st class degree)

    So good luck to you all, and I can try help when you get to further stages but obviously won't be giving out huge amounts of info as (1) days are likely to have changed and (2) I feel like not knowing what to expect will actually give you an advantage as you won't overprepare which is definitely what let me down occasionally.

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    (Original post by ninegrandstudent)
    Yep. I had two offers in May and am going to XL Catlin - I ideally wanted something in GI and preferably RI so perfect for me.

    I also got to final stage for many others inc v big firms however ended up being told (no joke here) some of the following:
    - too much experience
    - too many exemptions
    - not enough knowledge of pensions (when applying to a GI firm)
    - maths GCSE not good enough (A grade, despite A-Levels being better and with a predicted and now achieved 1st class degree)

    So good luck to you all, and I can try help when you get to further stages but obviously won't be giving out huge amounts of info as (1) days are likely to have changed and (2) I feel like not knowing what to expect will actually give you an advantage as you won't overprepare which is definitely what let me down occasionally.

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    Just honestly speaking I hadn't heard of XL Catlin until you mentioned it. I made an extensive (or what I thought was extensive) list of all consultancies and insurance companies in an Excel file but sometimes I just don't know whether I've missed them off or not.

    Do you have any advice by the way in terms of picking a specific path (in terms of life insurance, or pensions etc.)? I understand their vague differences but honestly speaking can't identify what is drastically different about them. Or should I just apply for as many as possible?
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    (Original post by Paraphilos)
    Just honestly speaking I hadn't heard of XL Catlin until you mentioned it. I made an extensive (or what I thought was extensive) list of all consultancies and insurance companies in an Excel file but sometimes I just don't know whether I've missed them off or not.

    Do you have any advice by the way in terms of picking a specific path (in terms of life insurance, or pensions etc.)? I understand their vague differences but honestly speaking can't identify what is drastically different about them. Or should I just apply for as many as possible?
    In all honesty, its a commerical insurance/reinsurance company so not many have unless already working! Though actually XL Group and Catlin merged last year so the 'new' company is still quite unknown. There's a huge amount of actuarial employers not listed in the Institute's directory and that aren't well known - for instance I did a placement and hadn't heard of the company before it was listed on my university jobsite. One of the best ways I used to find potential employers was scrolling through connections on LinkedIn and then researching their current and previous employers.

    Like I said, I did a placement in a commerical general insurance company and loved it, so wanted to do similar work. The software experience I had was all geared to GI too. I spoke to a lot of lecturers about life/pensions/consultancy which also helped me narrow down the search a bit - for instance I didn't apply to any pensions jobs as it just wasn't for me, and only applied to consultancy programs with a GI stream.

    I think it also helped me not particularly enjoying CT5, that definitely put me off the life side a little!

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    is anything else open?
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    (Original post by goofymark13)
    is anything else open?
    Most seem to open in September according to the spreadsheet I've made; but of course, there's nothing to stop you preparing applications beforehand.
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    anyone else a 2016 graduate applying for 2017 intake?
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    (Original post by hunderfert)
    anyone else a 2016 graduate applying for 2017 intake?
    You definitely won't be the only one. I was definitely in the minority at ACs last year as I was still at uni...

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    (Original post by Paraphilos)
    Most seem to open in September according to the spreadsheet I've made; but of course, there's nothing to stop you preparing applications beforehand.
    Spreadsheets already in the making, signs of an actuary !
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    When is the best time to apply because I can't find many schemes that are open yet? Going to finish my deloitte application today
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    (Original post by ninegrandstudent)
    Yep. I had two offers in May and am going to XL Catlin - I ideally wanted something in GI and preferably RI so perfect for me.

    I also got to final stage for many others inc v big firms however ended up being told (no joke here) some of the following:
    - too much experience
    - too many exemptions
    - not enough knowledge of pensions (when applying to a GI firm)
    - maths GCSE not good enough (A grade, despite A-Levels being better and with a predicted and now achieved 1st class degree)

    So good luck to you all, and I can try help when you get to further stages but obviously won't be giving out huge amounts of info as (1) days are likely to have changed and (2) I feel like not knowing what to expect will actually give you an advantage as you won't overprepare which is definitely what let me down occasionally.

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    Too much experience and exemptions...so best to do nothing
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    (Original post by Paraphilos)
    Hi everyone,

    I noticed there isn't a thread for this yet so I thought I'd create one. Seems like the Deloitte grad schemes are already open! Has anyone started applying yet?
    Hey.

    I only just started looking seriously at the actuary grad schemes over the past few days and think that it is what I want to do after I leave university.

    I see you have been looking longer and wondered if you have any advice for me because I'm finding it quite daunting atm.

    When do the applications open (I feel like I have done nowhere near enough research which is quite disconcerting to me).

    I am about to enter my final year of a 3yr maths course and have predicted a strong first class result but that is all I have in my favour at the moment. My work experience is lacking and I failed to secure any kind of internship.

    Thanks!
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    (Original post by cliveb2016)
    Hey.

    I only just started looking seriously at the actuary grad schemes over the past few days and think that it is what I want to do after I leave university.

    I see you have been looking longer and wondered if you have any advice for me because I'm finding it quite daunting atm.

    When do the applications open (I feel like I have done nowhere near enough research which is quite disconcerting to me).

    I am about to enter my final year of a 3yr maths course and have predicted a strong first class result but that is all I have in my favour at the moment. My work experience is lacking and I failed to secure any kind of internship.

    Thanks!
    Hi Clive.

    First, I don't think you need to panic yet as a lot of schemes are still yet to open and you still have quite a lot of time to do research and get to know the industry a bit more. I'll PM you more information.
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    Anyone know why actuarial services in business consulting are not open yet for KPMG? Not interested in pensions so getting a bit concerned by this.
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    (Original post by Paraphilos)
    Anyone know why actuarial services in business consulting are not open yet for KPMG? Not interested in pensions so getting a bit concerned by this.
    Sounds strange, I had done AC by this point last year. Possibly they aren't recruiting in that area this year, maybe try and email the recruitment team...?

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    (Original post by ninegrandstudent)
    Sounds strange, I had done AC by this point last year. Possibly they aren't recruiting in that area this year, maybe try and email the recruitment team...?

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    I emailed them and they told me it's 'unconfirmed' and to sign up for alerts.

    How can it be unconfirmed as late as this? Surely they'd have already decided that they don't want to recruit for it by now.
 
 
 
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