Breaking into the actuarial field before passing the SOA Exam FM might seem like a tall order, but targeted networking can be your secret weapon. Many aspiring actuaries worry that without exam progress, landing a job is out of reach. The truth is, building genuine connections and strategically reaching out to the right people can open doors that even a perfect exam score might not unlock on its own. With the actuarial job market growing steadily—projected at a 22% growth rate from 2023 to 2033 in the U.S.—there are opportunities for those who know how to find them and make an impression early[7].

Start by understanding that networking isn’t just about collecting contacts or sending mass LinkedIn requests. It’s about cultivating meaningful relationships with professionals who can offer insights, guidance, and sometimes, referrals. Approximately 50% of actuarial jobs are never posted publicly, meaning that tapping into the “hidden job market” through networking is essential to accessing these opportunities[2]. So, how do you do this effectively before passing Exam FM? Let’s walk through practical steps and examples.

First, focus on building a targeted network. This means identifying actuaries, recruiters, and hiring managers who work in areas you’re interested in—be it health insurance analytics, pension consulting, or property and casualty insurance. Use LinkedIn to search for professionals with titles like “Actuarial Analyst,” “Associate Actuary,” or “Recruiter specializing in actuarial roles.” Join actuarial groups on LinkedIn where industry discussions happen regularly; this keeps you updated and helps you engage in conversations without feeling pushy[4].

When you reach out, keep your messages polite, concise, and personalized. For example, instead of a generic “Can you help me get a job?” message, try:
“Hi [Name], I’m currently preparing for Exam FM and noticed your work in health analytics at [Company]. I’d appreciate any advice you could share about breaking into this area early in the career. Thanks for your time!”
This approach shows respect for their expertise and opens a door for meaningful dialogue[1].

After making initial contact, follow up thoughtfully. If someone replies with advice or resources, respond with gratitude and maybe a brief update later on your progress. This follow-up cements your relationship and keeps you on their radar, which could lead to referrals or insider tips about upcoming openings[6]. Remember, networking is a long game, not a one-off transaction.

Another actionable tactic is to attend actuarial job fairs, industry conferences, and local chapter meetings of professional actuarial societies like the SOA or CAS. These events are goldmines for networking because you get face-to-face time with recruiters and professionals. Before attending, research who will be there and prepare thoughtful questions or topics to discuss—this shows genuine interest and helps you stand out[5]. For instance, you might ask, “What skills do you find most valuable in entry-level hires who are still working on their exams?” This can lead to a conversation about your own strengths and how you’re preparing for the exams.

While networking, don’t overlook internships or contract roles, even if they seem unrelated or less glamorous. These can be stepping stones that provide valuable experience, demonstrate your commitment, and expand your network within the company or industry[8]. Employers often appreciate candidates who show initiative and a willingness to learn on the job, even without completed exams. Plus, contract or temp-to-hire positions might turn into full-time roles once you pass exams and prove your capabilities.

When it comes to your LinkedIn profile and resume, tailor them to highlight relevant skills and your exam progress, even if you haven’t passed Exam FM yet. Emphasize your quantitative background, programming skills (Excel, VBA, R, Python), and any actuarial-related projects or coursework. Recruiters often look for potential and a strong foundation, not just exam completion[4]. You can also mention your active study plan for Exam FM to demonstrate your commitment.

Working with actuarial recruiters can also boost your chances, but keep in mind they often prioritize candidates with passed exams because of commission structures. Still, building relationships with recruiters can help you get noticed when entry-level or internship roles arise. Be honest about your exam status, but emphasize your networking efforts, study habits, and eagerness to learn[7].

Throughout this process, be patient and persistent. The actuarial job search often takes 3 to 6 months for entry-level candidates, but proactive networking can shorten this timeframe[1]. Keep track of your contacts, conversations, and follow-ups using a simple spreadsheet or job search app. This organization ensures you don’t miss opportunities and helps maintain momentum.

To sum up, here’s a quick checklist for using targeted networking to land an actuarial job before passing Exam FM:

• Identify and connect with professionals in your desired actuarial fields on LinkedIn and actuarial groups.
• Craft personalized, respectful messages that express curiosity and a willingness to learn.
• Attend job fairs, conferences, and local actuarial society events prepared with thoughtful questions.
• Follow up promptly and maintain relationships with contacts.
• Pursue internships, contract roles, or other relevant work experiences to build your resume and network.
• Optimize your LinkedIn profile and resume to highlight relevant skills and your study commitment.
• Engage with actuarial recruiters transparently and build rapport for future opportunities.
• Track your networking efforts and job applications to stay organized and persistent.

Networking before passing exams isn’t just a way to get a foot in the door—it’s a way to show your enthusiasm, dedication, and proactive mindset, qualities that employers value highly in entry-level actuarial candidates. By taking these steps, you can move closer to your dream actuarial job even before you clear Exam FM.