As an aspiring actuary, securing an internship is a crucial step toward launching your career. The goal for many is not just to complete the internship but to use it as a springboard to secure a full-time offer. In 2025, with the actuarial job market remaining highly competitive, it’s essential to make the most of your internship experience. One key challenge for many students is balancing internship responsibilities with studying for actuarial exams, like Exam FM. Here’s how you can maximize your internship and set yourself up for success in securing a full-time position before even tackling Exam FM.
First, let’s talk about why internships are so important. They provide invaluable hands-on experience and exposure to the industry, which can be a significant differentiator when applying for full-time roles. Employers often view interns as potential future employees, and internships are a great way for them to assess your skills and fit within the company culture. For instance, programs like Cigna’s Actuarial Executive Development Program (AEDP) offer internships that are designed to prepare students for full-time roles, providing a clear pathway for career advancement[6].
When applying for internships, it’s crucial to highlight your relevant skills and academic achievements. While having passed a few actuarial exams (typically 2-3) can be beneficial, it’s not always a strict requirement[5]. Employers also value strong math courses and relevant programming experience, so be sure to emphasize these in your application. Additionally, a solid GPA shows dedication, but a lower GPA can be offset by demonstrating strong technical knowledge or unique projects[2].
Once you’ve secured an internship, it’s time to focus on making the most of it. Here are five strategies to help you maximize your experience and increase your chances of securing a full-time offer:
Set Clear Goals and Create a Plan
- Before you start your internship, define what you want to achieve. This could include learning specific skills, networking with professionals in the field, or taking on additional responsibilities. Having clear goals will help you stay focused and motivated throughout the internship. For example, you might aim to learn more about data analysis tools used in actuarial work or improve your communication skills by presenting projects to colleagues.
Network Strategically
- Networking is a powerful tool in the actuarial field. Use your internship as an opportunity to connect with professionals who can offer valuable insights and advice. Attend company events, join professional groups on LinkedIn, and don’t hesitate to ask questions during meetings. This will not only expand your professional network but also give you a better understanding of the industry and potential career paths.
Demonstrate Your Skills and Flexibility
- Actuarial work involves a lot of problem-solving and analytical thinking. Show your employer that you’re capable of handling complex tasks by taking on challenging projects and demonstrating your ability to adapt to new situations. For instance, if your company is using AI or machine learning tools, express your interest in learning more about these technologies and how they can be applied in actuarial work[3].
Engage with the Company Culture
- Showing genuine interest in the company culture and values can make a significant difference. Participate in company events, volunteer for team projects, and express your enthusiasm for the company’s mission. This not only helps you build relationships with your colleagues but also demonstrates your commitment to the organization.
Prepare for the Next Steps
- Finally, start thinking about your next steps early. If you’re hoping to secure a full-time offer, make sure you’re discussing your career aspirations with your supervisors and mentors. Ask for feedback on your performance and what you can improve on. This proactive approach will show your employer that you’re serious about your career and willing to grow within the company.
In today’s competitive job market, flexibility is also key. Many actuaries now prefer remote or hybrid work environments, which can be beneficial for those who are not ready or able to relocate[3]. If you’re flexible regarding work arrangements, highlight this in your discussions with your employer. It could be a significant advantage in securing a full-time position.
Throughout your internship, remember that it’s not just about completing tasks; it’s about building a reputation as a capable and dedicated professional. By focusing on these strategies and maintaining a proactive mindset, you can set yourself up for success and secure a full-time offer before even taking Exam FM. Good luck