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  #1  
Old 10-10-2019, 11:06 AM
aspiringactuary101 aspiringactuary101 is offline
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Join Date: Oct 2019
College: Alumni
Posts: 7
Default Entry Level Actuarial Job

I recently graduated from college with a bachelor's degree in actuarial science. I have a decent GPA and also passed two actuarial exams: FM and P. In the past two months I have tried to get a full-time entry-level job but I have not had luck so far. I do not have an internship because I graduated early from my program. I am even willing to volunteer at any smaller firm to get actuarial experience and hone my technical skills. Can anyone please advise me on how I can find such smaller firms to get actuarial experience? Also, what websites or courses do you recommend to work on technical skills? I have already taken the technical skills course on infinite actuary.

I am looking for opportunities in NJ and NY.

Your response is appreciated. Thank you
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  #2  
Old 10-10-2019, 11:58 AM
Irehdna Irehdna is offline
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Join Date: Jul 2019
College: Big 10, Senior year
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The fact of the matter is these days it is very difficult to get an EL position without internship experience (this is the case at my school at least).

Honestly I would try to hone in on your soft skills and ask yourself why you are applying to each of these companies and what they can offer. Try to almost "interview" the various programs/cultures that each of the companies has during your interview; me not doing this held me back a lot last year (for my internship this past summer). Also try to show your personality in your interviews, feel free to talk about sports, concerts, etc during your interview as well. They want to work with people, not stats.

I think 2 exams is fine, but these days 3 is the norm to get into some larger shops, bc 3F/IFM is seen as the first "full-difficulty" exam.

About location, NJ/NY are generally more competitive, but I wouldn't apply to a rural Midwestern site if you have no ties to that area; companies WILL see through this as trying to game a system (especially true for consulting).
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  #3  
Old 10-10-2019, 12:04 PM
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yoyo yoyo is offline
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Default

Quote:
Originally Posted by Irehdna View Post
The fact of the matter is these days it is very difficult to get an EL position without internship experience (this is the case at my school at least).

Honestly I would try to hone in on your soft skills and ask yourself why you are applying to each of these companies and what they can offer. Try to almost "interview" the various programs/cultures that each of the companies has during your interview; me not doing this held me back a lot last year (for my internship this past summer). Also try to show your personality in your interviews, feel free to talk about sports, concerts, etc during your interview as well. They want to work with people, not stats.

I think 2 exams is fine, but these days 3 is the norm to get into some larger shops, bc 3F/IFM is seen as the first "full-difficulty" exam.

About location, NJ/NY are generally more competitive, but I wouldn't apply to a rural Midwestern site if you have no ties to that area; companies WILL see through this as trying to game a system (especially true for consulting).
what does this mean? what system is being gamed?

be willing to relo, especially when young and ties to current location are light (no spouse and children in school, don't own home, etc). not wanting to move away from home and friends isn't a good enough reason to stay when you're trying to get your career started
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  #4  
Old 10-10-2019, 03:01 PM
jwitt25 jwitt25 is offline
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Join Date: Sep 2015
College: University of Wisconsin
Posts: 130
Default

Quote:
Originally Posted by aspiringactuary101 View Post
I recently graduated from college with a bachelor's degree in actuarial science. I have a decent GPA and also passed two actuarial exams: FM and P. In the past two months I have tried to get a full-time entry-level job but I have not had luck so far. I do not have an internship because I graduated early from my program. I am even willing to volunteer at any smaller firm to get actuarial experience and hone my technical skills. Can anyone please advise me on how I can find such smaller firms to get actuarial experience? Also, what websites or courses do you recommend to work on technical skills? I have already taken the technical skills course on infinite actuary.

I am looking for opportunities in NJ and NY.

Your response is appreciated. Thank you
2 months is a very short time to be applying for a job. Additionally, you also started applying at a very bad time for EL. In August, companies typically have tighter budgets for new ELs and are preparing to recruit interns for summer 2020.
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  #5  
Old 10-10-2019, 03:58 PM
Enough Exams Already Enough Exams Already is offline
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Quote:
Originally Posted by aspiringactuary101 View Post
I recently graduated from college with a bachelor's degree in actuarial science. I have a decent GPA and also passed two actuarial exams: FM and P. In the past two months I have tried to get a full-time entry-level job but I have not had luck so far. I do not have an internship because I graduated early from my program. I am even willing to volunteer at any smaller firm to get actuarial experience and hone my technical skills. Can anyone please advise me on how I can find such smaller firms to get actuarial experience? Also, what websites or courses do you recommend to work on technical skills? I have already taken the technical skills course on infinite actuary.

I am looking for opportunities in NJ and NY.

Your response is appreciated. Thank you
I doubt you'll appreciate this response, but here it goes:
  • Pass another exam. Or two.
  • Expand your search area. Even if you really, really, really, really need to be in the greater NYC area, you can also consider CT, DE and PA/Philly jobs as well.
  • In fact, do you actually need to stay in the NYC area? If not, you only limit your chances if you won't consider jobs elsewhere.
  • Two months is nothing for a job search. It will likely take you substantially longer than two months to find an EL actuarial job.
  • The above advice assumes you don't need visa sponsorship. If you need visa sponsorship as well, it'll take you even longer, and need more exams.
  • What actuarial clubs in your area have you joined? Their meetings can be useful for networking.
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  #6  
Old 10-10-2019, 04:17 PM
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Sloop John B Sloop John B is offline
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Location: The Windy Apple
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Quote:
Originally Posted by Enough Exams Already View Post
I doubt you'll appreciate this response, but here it goes:
  • Pass another exam. Or two.
  • Expand your search area. Even if you really, really, really, really need to be in the greater NYC area, you can also consider CT, DE and PA/Philly jobs as well.
  • In fact, do you actually need to stay in the NYC area? If not, you only limit your chances if you won't consider jobs elsewhere.
  • Two months is nothing for a job search. It will likely take you substantially longer than two months to find an EL actuarial job.
  • The above advice assumes you don't need visa sponsorship. If you need visa sponsorship as well, it'll take you even longer, and need more exams.
  • What actuarial clubs in your area have you joined? Their meetings can be useful for networking.
I agree with all of this. If you're not working on it already, pass another exam. To me it's a red flag when I see act sci majors with only two exams
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  #7  
Old 10-10-2019, 04:17 PM
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Anxiousele Anxiousele is offline
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Join Date: Sep 2015
Posts: 154
Default

Quote:
Originally Posted by aspiringactuary101 View Post
I recently graduated from college with a bachelor's degree in actuarial science. I have a decent GPA and also passed two actuarial exams: FM and P. In the past two months I have tried to get a full-time entry-level job but I have not had luck so far. I do not have an internship because I graduated early from my program. I am even willing to volunteer at any smaller firm to get actuarial experience and hone my technical skills. Can anyone please advise me on how I can find such smaller firms to get actuarial experience? Also, what websites or courses do you recommend to work on technical skills? I have already taken the technical skills course on infinite actuary.

I am looking for opportunities in NJ and NY.

Your response is appreciated. Thank you
How many applications did you send?
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  #8  
Old 10-11-2019, 09:26 PM
aspiringactuary101 aspiringactuary101 is offline
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Join Date: Oct 2019
College: Alumni
Posts: 7
Default How many exams

I have applied to more than 300 applications everywhere in the US.
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  #9  
Old 10-11-2019, 09:28 PM
aspiringactuary101 aspiringactuary101 is offline
CAS SOA
 
Join Date: Oct 2019
College: Alumni
Posts: 7
Default

Quote:
Originally Posted by Irehdna View Post
The fact of the matter is these days it is very difficult to get an EL position without internship experience (this is the case at my school at least).

Honestly I would try to hone in on your soft skills and ask yourself why you are applying to each of these companies and what they can offer. Try to almost "interview" the various programs/cultures that each of the companies has during your interview; me not doing this held me back a lot last year (for my internship this past summer). Also try to show your personality in your interviews, feel free to talk about sports, concerts, etc during your interview as well. They want to work with people, not stats.

I think 2 exams is fine, but these days 3 is the norm to get into some larger shops, bc 3F/IFM is seen as the first "full-difficulty" exam.

About location, NJ/NY are generally more competitive, but I wouldn't apply to a rural Midwestern site if you have no ties to that area; companies WILL see through this as trying to game a system (especially true for consulting).
I have applied everywhere in the US. I am willing to relocate for better opportunities.
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  #10  
Old 10-11-2019, 09:30 PM
aspiringactuary101 aspiringactuary101 is offline
CAS SOA
 
Join Date: Oct 2019
College: Alumni
Posts: 7
Default

Quote:
Originally Posted by Enough Exams Already View Post
I doubt you'll appreciate this response, but here it goes:
  • Pass another exam. Or two.
  • Expand your search area. Even if you really, really, really, really need to be in the greater NYC area, you can also consider CT, DE and PA/Philly jobs as well.
  • In fact, do you actually need to stay in the NYC area? If not, you only limit your chances if you won't consider jobs elsewhere.
  • Two months is nothing for a job search. It will likely take you substantially longer than two months to find an EL actuarial job.
  • The above advice assumes you don't need visa sponsorship. If you need visa sponsorship as well, it'll take you even longer, and need more exams.
  • What actuarial clubs in your area have you joined? Their meetings can be useful for networking.
I have applied everywhere in the US. I am willing to relocate for better opportunities. I do not have visa issues or require sponsorship.
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