12 Actuarial Graduate Schemes - University Tutors

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These schemes are designed to helpaspiring actuaries secure actuarial graduate roles by providing hands-onexperience and exam preparation. The entry requirements for these schemestypically include a 2:1 degree in a numerate subject, although some programmesaccept non-maths graduates or IFoA non-member exams.

The programmes cover a wide range ofareas within the actuarial field, such as life and general insurance, pensions,reserving, planning, capital modelling, claims analytics, and pricing.Graduates have the opportunity to rotate and specialise, allowing them to gaina comprehensive understanding of their chosen area.

Support and assistance with jobapplications and interviews are also available for those looking to pursue anactuarial career.

Key Takeaways

This article provides an overview of 12 actuarial graduate schemesoffered by various companies, including KPMG, Aviva, EY, APR, Allianz, Zurich,FCA, Bupa, Hiscox, Lloyds, Aspen, and NFU Mutual.

Theseschemes are designed to help aspiring actuaries secure actuarial graduate rolesby providing hands-on experience and exam preparation. The entry requirementsfor these programmes typically include a 2:1 degree in a numerate subject,although some may accept non-maths graduates or IFoA non-member exams.

Theprogrammes cover a wide range of areas within the actuarial field, such as lifeand general insurance, pensions, reserving, planning, capital modelling, claimsanalytics, and pricing. Graduates have the opportunity to rotate andspecialise, allowing them to gain a comprehensive understanding of their chosenarea.

Inaddition, support and assistance with job applications and interviews areavailable for those looking to pursue an actuarial career.

Graduate Scheme Options

The pre-existing knowledge provides information on various actuarialgraduate schemes offered by companies such as KPMG, Aviva, EY, APR, Allianz,Zurich, FCA, Bupa, Hiscox, Lloyds, Aspen, and NFU Mutual, each offeringdifferent programmes and entry requirements for individuals interested inpursuing a career in actuarial science.

These graduate schemes present promising job prospects in responseto the high demand for actuaries in the industry. Companies like KPMG, Aviva,and EY offer comprehensive training programmes to gain actuarial qualificationswithin a few years, while APR provides study packages and a collaborativeenvironment for FIA exams.

Other companies like Allianz, Zurich, and FCA offer rotations andspecialised programmes in non-life insurance, pensions, and risk management.These schemes provide hands-on experience and exam preparation, and some acceptnon-maths graduates or IFoA non-member exams, making them accessible to a widerrange of individuals.

Requirements andQualifications

To meet the necessary criteria, applicants must have achieved a 2:1degree in a numerical subject to be eligible for these programmes. Actuarialgraduate schemes usually have particular entry criteria to ensure thatapplicants have the necessary capabilities and knowledge to succeed in thefield. Although a numerical degree is often preferred, some schemes may acceptapplicants with non-maths degrees or provide support for those who need to passIFoA non-member exams. These schemes provide an extensive training programmethat includes financial modelling, probability, statistics, and other relevanttopics to prepare applicants for actuarial exams. The schemes also providehands-on experience, allowing applicants to develop their skills throughpractical work. In sum, these requirements and qualifications demonstrate thecommitment and dedication required to pursue a career in actuarial science.

Entry Requirements

Exam Preparation

2:1 degree

Financial modelling

Numerical subject





Practical work


Hands-on experience

Support and Assistance

Support and assistance are available to aspiring actuaries with jobapplications and interviews, providing them with the necessary resources tosucceed in their career pursuits.

These resources include:

            Mentoring:Experienced professionals in the field give guidance and support to aspiringactuaries, helping them to overcome the challenges of the job applicationprocess and offering knowledge of the industry.

            Interviewpreparation: Actuarial graduate schemes usually involve a thorough interviewprocess. Aspiring actuaries can receive help in preparing for interviews, suchas mock interviews, feedback on their performance, and advice on how to showoff their skills and qualifications effectively.

            Networkingopportunities: Actuarial graduate schemes may offer networking events whereaspiring actuaries can connect with professionals in the field. These eventscan offer valuable chances to learn from experienced actuaries and buildconnections that may lead to future career opportunities.

            Access toresources: Aspiring actuaries can access a variety of resources, like onlineguides, interview questions to practice, and tips for composing resumes andcover letters. These resources can help them present themselves in the bestpossible way during the application process.

Frequently AskedQuestions

What are thesalary and benefits offered in these actuarial graduate schemes?

Theactuarial graduate schemes offer competitive salaries and benefits, as well asvarious opportunities for professional development and further education. Theseschemes often involve placements, rotations, and a rigorous selection processthat may include assessments and interviews.

How long does ittypically take to complete the actuarial qualification through these graduateschemes?

Theduration of completing the actuarial qualification through graduate schemesvaries, typically taking 3-5 years. These schemes provide the necessary trainingand support for aspiring actuaries to gain the requisite knowledge and pass therelevant exams.

Are there anyopportunities for international placements or rotations in these graduateschemes?

Severalactuarial graduate schemes offer chances for international placements orrotations, giving an opportunity to acquire experience in different markets andcultures. These opportunities can boost career progression and broaden one'sskill set.

What is theselection process like for these actuarial graduate schemes? Are there anyspecific assessments or interviews?

Theselection process for actuarial graduate schemes typically involves assessmentsand interviews. Candidates may be evaluated based on their numerical skills,academic qualifications, and relevant experience. Successful applicants canexpect competitive salaries, benefits, and opportunities for professionaldevelopment and further education. International placements may also beavailable in some schemes.

Do thesegraduate schemes provide any opportunities for professional development orfurther education beyond the actuarial qualification?

Actuarialgraduate schemes provide opportunities for professional development and furthereducation beyond the actuarial qualification. These schemes often offertraining programmes, study packages, and rotations to develop specialisedskills and knowledge in various areas of actuarial work.

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