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Old 10-29-2018, 09:58 PM
westernlocation westernlocation is offline
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Default Internships??

What would you say the best looking/ most prestigious internships are for someone going into P&C? What P&C internships are known for providing a meaningful internship?

I was just curious, thanks in advance!
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Old 10-29-2018, 10:04 PM
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I did reinsurance, would recommend
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Old 10-29-2018, 10:18 PM
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Pensions consulting is either gonna die or become HUGE
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Old 10-30-2018, 08:42 AM
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I did reinsurance, would recommend
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Old 10-30-2018, 03:26 PM
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The one that offers you a position.
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Old 10-31-2018, 09:40 AM
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Get the internship, then make it meaningful for you. It's a two-way 10-week interview for a full-time job. You can learn a lot if you make the most of it.
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Old 10-31-2018, 09:37 PM
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Get the internship, then make it meaningful for you. It's a two-way 10-week interview for a full-time job. You can learn a lot if you make the most of it.
and will add that an internship helps even if you don't get a full-time spot at the place you interned. A word of caution that I probably should have added with my first response: the internship will enhance your resume more for full-time spots in the field in which you intern (think P&C/life/health/pension; divisions within those fields maybe not as important) than it will for the other arms of the actuarial world. So if you think you prefer one field over the others, start there. It's good to be able to sample all the flavors and all that, but in this EL market it's less advisable to eff around.
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Old 10-31-2018, 10:34 PM
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IMO while it's not necessarily the best place to start your career at EL (varies for individual people and companies) interning at a smaller company is probably the better choice. Large companies with established intern programs can sometimes struggle with giving their interns anything meaningful to do, or properly expose them to the daily life of an actuary. Interning at small company with only a handful of actuaries will likely be much better experience in terms of landing a full time job, and it will give you a better idea if you really want to actually be an Actuary.
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Old 10-31-2018, 11:47 PM
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There are pros & cons of large vs big employer. I do think you get a better idea of how a business is run at a small company, but a major disadvantage is that core actuarial functions may be entirely absent or outsourced. For example, at my first employer, there wasn't even a pricing team until 2 years in. Before then, it was all reserving, and even the appointed actuary was an external consultant.
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Old 11-01-2018, 01:18 AM
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IMO while it's not necessarily the best place to start your career at EL (varies for individual people and companies) interning at a smaller company is probably the better choice. Large companies with established intern programs can sometimes struggle with giving their interns anything meaningful to do, or properly expose them to the daily life of an actuary. Interning at small company with only a handful of actuaries will likely be much better experience in terms of landing a full time job, and it will give you a better idea if you really want to actually be an Actuary.
true, but nowadays at large companies (primarily in life/P&C insurance), EL hiring has stopped. Many companies hire EL exclusively from their intern pool. Giving up an internship at a large company to a small company may make EL recruiting difficult if you want to transition into a large company.
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