Now What?

RashmiI didn’t get an actuarial internship, now what?

As hiring season comes to an end, some come to realize they didn’t get the offer they were wanting and begin to feel disappointed in themselves. While an actuarial internship might have been a great learning experience and networking opportunity, actuarial internships are not the only way to make progress in your career. There is the obvious route of taking and passing more actuarial exams, but if you were unable to attain the position due to lack of experience, taking more exams may not be the solution.

At my previous internship, other interns and I had the opportunity to sit down with the CEO. During this time, he told us that instead of focusing on the title of the job or position, look for experiences that will teach you the skills you will need to be great in your field. Keeping this in mind, what skills will you need to be a great actuary?

Although the exact criteria is arguable, I believe the majority agree that a great actuary has excellent analytical skills, the ability to lead and collaborate on projects, and the ability to communicate effectively. If unable to attain an actuarial internship, look for a position that will best enhance these skills. For example, one could take a risk management internship to get an idea of the types of questions to consider when creating a policy, collaborate with other professionals, as well as ultimately deliver a presentation. In addition to this, one could take up a leadership position to see what it’s like to be a leader as well as be exposed to difficulties that come with leadership. Also, one could work as a sales representative or take a similar job to improve one’s communication skills.

At the end of the day, if you have the necessary set of skills to tackle any obstacle, there is no doubt that you will be successful in your field.