Hi Luke, I'm Daisie

16 October, 2018 16:19

Hi Daisie

16 October, 2018 16:19

So EY offer a summer internship and graduate programme in actuarial. You can choose to apply to either General Insurance, Pensions or Life

16 October, 2018 16:19

Okay, sounds interesting. Being an actuarial consultant yourself, did you partake in an actuarial summer internship/graduate programme with EY? Could you provide any further information on either of them?

16 October, 2018 16:24

So, I have recently started on the graduate scheme but a lot of my colleagues did the internship first. I'm working in General Insurance, which I'm really enjoying so far as I'm already on 2 projects and have been given responsibility straight away.

If you are applying to General Insurance, our work really varies depending on the time of year so summer is our quieter season. Life and Pensions have a consistent amount all year round

16 October, 2018 16:25

At the moment I am open-minded about the area of actuarial work I will apply for, as all initially appeal to me. How do EY offer support for studying the actuarial exams? Is the balance between the responsibilities given during work and private studying manageable enough at EY?

16 October, 2018 16:32

You can only apply for one area out of the three so I would recommend researching it a bit before you start. Life is typically more consulting, whereas GI is quite technical so it's personal preference really. I'm really enjoying GI! EY are really supportive with study and you get up to 43 study days a year and they offer all materials, tutorials etc so it's definitely manageable.

For that reason, a lot of our team have passed their exams much quicker than average

16 October, 2018 16:36

Thank you for the heads up, I'll make sure to research the different areas in due course. I see, that seems like a good benefit of the scheme! What would you say are the other significant benefits of the actuarial graduate scheme?

Also, are these opportunities offered nationwide?

16 October, 2018 16:41

1.All exams and study materials are paid for, including ActEd tutorials
2. Managers/Senior Managers are extremely intelligent and experts in their field so are great people to learn from
3. We have a really varied range of clients and I'm already meeting them so you have that exposure from really early on
4. As the programme is part of the consultancy programme you still get to learn them consulting skills such as presentation, management etc

GI is only offered in London, but pensions and life are offered nationwide

16 October, 2018 16:43

The graduate scheme really appeals to me and sounds like a promising option! From your experience, what would be your main tips for the application process?

16 October, 2018 16:49

Make sure you do your research into our values, projects we've been on, insurance industry and current events in insurance industry

16 October, 2018 16:51

Okay, I'll definitely consider this during the preparation of my application. Do you think that the potential to be promoted is relatively offered by EY in the actuarial department?

16 October, 2018 16:53

Yeah, if you perform well the opportunities are definitely there and you can progress to a senior level very quickly

16 October, 2018 16:56

Sounds promising! Finally, what are your favourite aspects of having a career in actuarial consulting?

16 October, 2018 16:56

Work life balance, it's a really well respected career, I enjoy problem solving

16 October, 2018 16:58

These are similar benefits to which initially attracted me towards an actuarial career too. Thank you for all of your advice and for your time Daisie, I really appreciate it!

16 October, 2018 17:02

You're welcome, good luck in applying

16 October, 2018 17:03

Thank you.

16 October, 2018 17:03