Getting an entry-level actuarial job can feel like climbing Mount Everest without a map. “Where do I even start?” or “Do I need ALL the exams to land a job?” are common worries. The truth? It’s not as daunting as it seems when you’ve got a game plan. Here’s how you can break into the actuarial field, step-by-step.
1. Ace the Basics: Build a Strong Foundation
Keyword: How to get an entry-level actuarial job
Before you dive into job applications, set yourself up for success:
- Earn the Right Degree: Most entry-level actuarial roles require a degree in math, actuarial science, statistics, or a related field.
- Pass at Least One Actuarial Exam: Having 1-2 exams under your belt (like P and FM) is critical to prove you’re serious.
- Learn Relevant Tools: Employers love candidates who know Excel, R, Python, and SQL. These tools pop up in nearly every job description.
2. Build Real-World Experience
Experience is the bridge between "aspiring actuary" and "hired actuary."
- Internships Are Key: Look for actuarial internships during college or after graduation. This gives you hands-on experience and connections in the industry.
- Volunteer Work: No internships yet? Volunteer in roles requiring data analysis or risk management.
- Entry-Level Jobs in Related Fields: Consider starting in roles like data analyst, underwriter, or insurance claims. These jobs boost your resume and help you transition.
3. Network Like a Pro
Yes, networking works, even in the actuarial world.
- Join Actuarial Organizations: Groups like the SOA or CAS host events where you can meet professionals.
- LinkedIn Is Your Friend: Connect with recruiters, hiring managers, and other actuaries. Share your progress and engage in relevant discussions.
- Leverage Alumni Connections: Reach out to alumni from your school who work in actuarial roles—they’re often happy to help.
4. Polish Your Resume and Online Presence
Your resume is often the first impression you make.
- Highlight Exams and Education: Make sure your passed exams, relevant coursework, and skills stand out.
- Quantify Everything: Use metrics to show results in past roles (e.g., “Improved data processing speed by 20% using Python scripts”).
- Tailor for Each Job: Customize your resume and cover letter for every application. Use the job description as your cheat sheet.
5. Apply Smart, Not Just Hard
Applying to every job you see wastes time. Be strategic.
- Focus on Entry-Level Roles: Search specifically for positions that say “entry-level” or require 0-2 years of experience.
- Use Actuarial-Specific Job Boards: Platforms like Acturhire are tailor-made for actuarial jobs and help you skip the noise.
- Follow Up: Don’t just apply and forget. Send a follow-up email to show enthusiasm and remind them you’re serious.
FAQs
1. How many exams do I need to land an entry-level actuarial job?
Most entry-level roles require 1-2 passed exams. Beyond that, internships or relevant experience matter more.
2. Are internships absolutely necessary?
While internships are ideal, they’re not mandatory. Experience in related fields or volunteer work can also help.
3. How long does it take to get hired as an entry-level actuary?
It depends on your experience and exam progress. With the right prep, most candidates land a job within 6-12 months of serious searching.
Closing Thoughts
Learning how to get an entry-level actuarial job is all about preparation and persistence. Focus on the essentials—exams, skills, networking, and tailored applications—and you’ll get there. For a curated list of actuarial job opportunities, check out Acturhire.
