6 Things I Did as an Actuarial Intern
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- čas přidán 4. 07. 2024
- As many of you know, I majored in Actuarial Science (with a minor in Statistics) at the University of Waterloo. In order to get credit for my degree, I also had to get internship/co-op experience. So, through my program, I was actually able to get 2 actuarial internships. My first internship experience was at a Property & Casualty insurance company, while my second was at a Life insurance company. Both of these gave me valuable experience and insight into the actuarial world; and gave me further confirmation that this was the career I wanted to pursue.
In today’s video, I’ll be talking about all the projects I worked on as an actuarial intern. Many of the tasks I performed were really interesting and even fun! But there was one task that I absolutely hated doing.. So, stay tuned to learn what I had to do at my internships that I absolutely HATED. (Hint: I saved the worst for last!)
And, don't forget to comment on this video (or any video I release in January), to get a chance to win the Comment Contest! That's $250 towards your next actuarial exam!! You can find more details here: etchedactuarial.com/comment_c...
TIMESTAMPS:
• Intro 0:00
• Task #1 - Updating code 1:30
• Task #2 - MVR project 3:55
• Task #3 - Data validation 6:20
• Task #4 - Winter tire project 7:45
• Task #5 - Determining characteristics 9:55
• Task #6 - Presentations 11:30
• Comment Contest details 13:00
#actuary #actuarialscience - Zábava
Great content. Loved to learn about the projects which you have been involved with, definitely the MVR one!!
Thanks!
Thanks for uploading this. I've been really stressed out with school, haven't even started studying for FM yet. This all sounds really cool now that you've given us your experience!
You're welcome Thomas! Good luck with the rest of your term!
Thanks for the information Brea!
You're welcome Derek!
Love your content. Everytime i feel low,your videos make me study hard!Cheer's!
Thanks! Good luck to you!
@@EtchedActuarial thanks a lott!
It's very interesting to get a sneak peek behind the scenes of insurance companies! You're videos are great! I am sure the presentations were as well 👍😁
Thank you!
Excited!
Always appreciate the transparency! I'm finishing my degree and will begin studying for my first exam in earnest in a couple months. (I currently work full time in another field.)
Thank you! Good luck on your first exam!
thanks for sharing. gives us at least what to expect as an intern. I have started learning Excel and VBA. thanks for the advice.
You're welcome! Great to hear that you're getting started on learning technical skills!
I really appreciate your work ❤️
Thank you!
Sitting for my first exam in july and could not be more excited! Internship starts in December so we’ll see where it goes from there. Your videos are a blessing!!
I'm so excited for you!! Best of luck with your internship and upcoming exam. I'd love to hear how they go! 😊
I have not done any projects but listening to your story has been very helpful!
Thankyou for sharing your knowledge on Actuarial Science!! Lots of love from India Sis ❤🌹
Thank you!
Your editing skills are improving :)
Credits to my amazing editor, Monica!
A very motivating video Brea!
I’m currently using excel for basic accounting (balance sheets/ account payables/ invoices etc).
I’ve recently bought a “Learn VBA” book. Aiming to make some progress this year .
Yay good luck!!
Wow thank you for sharing, I think I was also going to cry
I start my internship next week, super excited! The winter tire project seems pretty interesting to me.
Good luck! Would love to hear more about your internship once you get started!
@@Nick-so7ui Yes, it is
thanks for your videos!!! Greetings from Argentina!!!
Thank you!
This was a very informative video presentation. Once I was intern and did a presentation on an Air Traffic Control accident.
@@Nick-so7ui I hope it went well
Thank you for sharing this 😆
You're welcome!
Starting my internship soon , thanks for the insight
That's awesome! Good luck!
Thank you for your guidance! I wish I could afford to have you as a coach for the exams :((
Great video, 👏👏👏
Thanks!
Great video BRea
Thanks!
I love to hear people’s things they don’t like about being an actuary. I almost always end up smiling because it’s usually something I enjoy! 😀
I'm 2 like 2 hear about different people from different professions 😊😊👍
Lovely and very informative video for an student actuary like me...thnks
You're welcome!
Watching this video has made me so excited for intern/entry level actuarial work. I really loved learning about this!
Great to hear that Emma!
I am about to graduate now. I really wish I could know things earlier and done at least one internship. It is so hard to find a job now since I don't have experience.
I feel you. I’m in the same boat
There are still some internships available to fresh graduates, and depending on your experience entry-level positions are also a great start!
Thanks for sharing! I also hate doing presentation🥲
Yeah it seems like a common con just looking at the comments section!
I used Excel to analyze an event in a racing game I play to determine how much the car would cost to obtain, given various scenarios!
Wow that's so cool!
Actuary next...🔥🔥🔥
That 250 would be awesome for the FM exam im gonna try this summer. Currently doing P exam with your study strategy program :)
Good luck for the contest :)
While I was exploring about this profession, yours is the only channel where I got the first hand information from the actuary itself. Thanks for sharing your knowledge with us, Brea!!
Glad it's helpful for you :)
I live in India so I don't know very well if the comment contest applies to me. Anyway, I am currently studying for CS1 and have done no internships in actuarial field as such. I love the way you've described your internship experience. I didn't really know these internships would work in projects. I didn't know what to expect :)
Yes you are eligible! See the contest rules here etchedactuarial.com/comment_contest/
An Actuarial internship sounds like the perfect boost to your resume needed to get an entry level job.
Where I live there is an Actuaries office close to my home and I have talked with their Vice President before about getting an internship or entry level job.
Good luck!!
I can relate ...I am currently attached at a consulting firm ....VBA assignments lol
VBA is great! :)
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What was your stipend/salary in your internship ?
I have a ton of Excel spreadsheets I've made over the years and thanks to your videos, I'm making them even better :) Quick question - I'm 46 years old and have been out of college for 23 years now. Can I even get an actuary internship or is there a similar option? Thanks!
Hey Jason! You can start by looking for entry-level positions. Since you already have a background in insurance, you may even be able to move directly into a full-time actuarial role.
Presentations are actually my favourite part of actuarial work.
It's good that you enjoy it!
I was part of admission committee and attendance committee in my college. So I have a bit of excel experience.
That's great! Excel experience is really helpful
How often do actuaries have to do presentations? I’m shy so that sounds a bit dreadful 😂
Depends on the position. Some never! Some probably on a daily basis.
Did you prepare for the presentation? If so, how much time do you spend?
Yes I did. I couldn't do a presentation without preparing! I usually spend about 5 or so hours on it probably, but I was able to prepare during work time.
Just curious, how many people you usually presented to, maybe on average? I hate presentations as well.
10-20 I'd say
Presentations are not a big problem for me. I think once I get a job and I get the hang of it, doing presentations would not be a big deal. The big deal is first to find a job
In the past you made a video in colaboration with Ellellevlog. Are you planning on doing more videos with other actuaries in the future?
@@Nick-so7ui The problem is that there are not that many youtube channels dedicated to helping aspiring actuaries.
Possibly in the future!
@@Nick-so7ui Yes, she does
I'm applying to an internship in PWC (USA) from Argentina. Any thoughts, criticism or advice are welcome...
It's great that you're applying to internships. I don't know too much about the company and position to offer any thoughts or criticism, but wishing you luck on your application!
Does the exam prize count for people who just started the actuarial science course?🥺😂Doing my undergrad sadly
Yes, you can claim it when you take the exam. All the contest rules are here etchedactuarial.com/comment_contest/
commenting for the algorithm. And to see if the universe really wants me to take the exams.
The universe says you do!
Did you run your internship after college or during college???
During university as a part of the co-op program
It's so strange that you hated doing presentations cause that's the part I absolutely love. Before going into the actuarial field I taught math for 6 years at a high school. Present information to a bunch of uninterested teenagers 6 times a day 5 times a week and you get good at this.
That's a good skill to have for sure! You'll get lots of opportunities to do presentations as an actuary!
If you could help me out for actuarial internship, it will be pretty much helpful, when to start, field and firn etc. I am so confused.
I would really love to help. However getting internship means working on your credentials and skills. You may explore the basics, learn Excel or maybe a programming language. You may also keep an eye out for openings in insurance companies, consulting firms, or even government gigs. Networking and honing your skills is key, so hit up LinkedIn and connect with actuaries in the field. Hope this helps! 😊
I started my internship 2 weeks ago, I hope I do not have to give a presentation.
That's very exciting! Would love to hear more about your internship experience. Good luck in advance if there are presentations!
Code to examine glucose spikes in patients at a hospital .
Finally somebody's gonna pay for my exams lol
Good luck ;)
Comment
I am from india and pursuing Economic honour, May i get any internship
Hi there! My expertise is in the US and Canadian actuarial journey, so I'm not sure of the best advice for getting an in India! Sorry, I wish I could help more!
Woops, that should say **getting an internship in India!
Let's comment lol
Good luck :)
SAS rules
SAS is great, but Excel and VBA rule for actuarial positions! :)
In some countries (mainly third world countries) some companies will keep you working as an intern with an intern salary and without medical insurance for as long as they can, but you have all the responsibilities and are liable to all the legal consequences of your actions without a union to represent you. Not fair.
It happens sometimes.
@@Nick-so7ui And that's just the tip of the iceberg. Working in a first world country is much much better than working in a third world one, not only because of the salary but also because companies can't get away with not respecting the law so easily.
@@Nick-so7ui Thanks
@@Nick-so7ui It hurts more when you experience them
@@Nick-so7ui The world is full of crazies
yoooo
How much u are earning now as an actuary
I'm no longer working in an actuarial position. Watch this video to learn why :) czcams.com/video/Nn2i0IJ0saA/video.html
Presentation - i hate it 😂😂😂
(Using ms PowerPoint ??)- must be easy ,idk y u hate it 🙂🙂
It's the talking in front of a large audience!
@@EtchedActuarial i thought that presentation was presented in front of board members and important people (8 - 10 people) 🤔🤔 like in movies
Presentations are the worst!
Yes!