Survey: What do Actuarial Interns find most appealing?

[DansGinger]

I'm currently a student and here are what I would like: Money AND housing. My current internship offers me lots of money, but it's in a high cost of living area, so I'm kinda bummed that if I want my own room, a quarter of my pay is gonna go away to housing and another quarter is prolly gonna go to taxes (im not sure about the taxes stuff). I'd much rather you dock my pay 20 or 25% and provide me housing because then atleast I'm taxed less (because I make less income).

Also the name of the company is pretty important in my opinion (atleast for me). Because you can't do anything about the name of your company, what you can do to compensate I would say is offer more perks (a sign on bonus, travel expense coverage, etc).

Me personally, I don't care about the project I do. As long as I'm not doing coffee runs (and that it's a legit actuarial internship), I prolly couldn't care much about the specific work I do. I might be different from most people my age... idk, but take my opinion with a grain of salt.

[redearedslider]

If only a quarter of your pay goes to housing it's not that high of a col area

[DansGinger]

Originally Posted by redearedslider

If only a quarter of your pay goes to housing it's not that high of a col area

I'll say my internship pays very well... much higher than whats listed on glassdoor (or maybe I'm just a really cheap guy). Anyway a single bedroom near my internship goes for ~1200 a month ... not sure if thats the norm or not. Where I go to college, I share a room for ~350 a month.

[hjacjswo]

Originally Posted by DansGinger

I'll say my internship pays very well... much higher than whats listed on glassdoor (or maybe I'm just a really cheap guy). Anyway a single bedroom near my internship goes for ~1200 a month ... not sure if thats the norm or not. Where I go to college, I share a room for ~350 a month.

Haha is this Chicago? 1200 a month isn't bad at all.

[DansGinger]

Originally Posted by hjacjswo

Haha is this Chicago? 1200 a month isn't bad at all.

really? well maybe im just super cheap. how much are the places in new york/other expensive places going for for one bedrooms?

Edit: keep in mind I'm not renting an entire one bedroom apartment..... I'm subleasing a bedroom from a 3 bedroom house.

[LifeContingent]

Originally Posted by DansGinger

Me personally, I don't care about the project I do. As long as I'm not doing coffee runs (and that it's a legit actuarial internship), I prolly couldn't care much about the specific work I do. I might be different from most people my age... idk, but take my opinion with a grain of salt.

Be careful what you ask for.

I think I was the same way starting out. But maybe it's still not a bad mentality to have. You will find out pretty quickly what you find interesting and what you don't

Though I have to admit, when I started out I used to get jealous of some of the assignments other noobies got. I felt I got stiffed on opportunities to gain some core and fundamental experiences. So I had to work extra hard to compensate for the lack of opportunities immediately presented to me. If I knew what I wanted to do at the time, I would have pushed to do other assignments. That's just me though.

[FunActuary]

Originally Posted by DansGinger

I'm currently a student and here are what I would like: Money AND housing. My current internship offers me lots of money, but it's in a high cost of living area, so I'm kinda bummed that if I want my own room, a quarter of my pay is gonna go away to housing and another quarter is prolly gonna go to taxes (im not sure about the taxes stuff). I'd much rather you dock my pay 20 or 25% and provide me housing because then atleast I'm taxed less (because I make less income).

Also the name of the company is pretty important in my opinion (atleast for me). Because you can't do anything about the name of your company, what you can do to compensate I would say is offer more perks (a sign on bonus, travel expense coverage, etc).

Me personally, I don't care about the project I do. As long as I'm not doing coffee runs (and that it's a legit actuarial internship), I prolly couldn't care much about the specific work I do. I might be different from most people my age... idk, but take my opinion with a grain of salt.

Any housing they provide you is treated as income and impacts your taxes accordingly. Due to my income being low enough I got a very large tax return due to the taxes paid on my housing for the summer.