Summer Actuarial Internship Program

Requirements

• At least one Society of Actuaries exam.
• Strong analytical and communication skills.
• Students one year removed from seeking permanent employment are preferred.

Time Period
The internship lasts 12 weeks and starts the day after Memorial Day.

Program Description
The Summer Actuarial Internship Program is an integrated program that combines relevant work experience with actuarial training. The program also includes a number of social events to make sure the interns fully enjoy their summer experience. The program is geared towards finding qualified candidates for our full-time actuarial program. Historically, New York Life has made a significant number of full-time offers to interns successfully completing the internship program.

Work Experience
Interns are typically placed in a pricing or financial reporting division working side by side with actuaries or senior level actuarial students. They are presented with challenging actuarial projects that provide them with useful actuarial experience while allowing them to develop their problem solving and decision making skills. Positions are available in both our Manhattan office located at 51 Madison Avenue, as well as our Westchester Campus located in Sleepy Hollow, NY. The Westchester campus is approximately 30 miles north of Manhattan.

Classes & Presentations
The summer begins with a series of training classes on an array of topics including Excel, Visual Basic, and actuarial modeling software. The learning continues throughout the summer with classes and weekly presentations made by New York Life employees from various actuarial and company-wide departments.

Social Events
Interns are invited to several company-sponsored events with the actuarial students, which may include professional sporting events, bowling, and volunteering. In addition, the interns are encouraged to join in social events ranging from softball games in Central Park to post-exam happy hours. Interns are also invited to more formal company events including the Actuaries' Cocktail Party and the Chief Actuary's Luncheon.

Salaries
Salaries are very competitive and depend on the number of actuarial exams passed.

Housing
New York Life will partially subsidize housing to its interns and will aid candidates in locating appropriate housing for the summer.

How To Apply for an Actuarial Summer Internship
To apply for a summer actuarial internship, go to New York Life's Career Opportunities website and search for "Intern" in the Actuarial department. The position is open for applicants from September through March, and offers are made on a rolling basis.

Graduates and pending graduates may also apply to our Full Time Actuarial Trainee Program.

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