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Actuarial internship

APR Mini Actuarial Academy

Every year we host a ‘Mini Actuarial Academy’ for those who are interested in learning more about an actuarial career. The academy is run for one week every summer from our central London offices*, and offers an introduction to some key actuarial concepts and an insight into the different types of work an actuary could be involved in.

What’s in it for you?

At APR, we are well known for the quality of training we provide to our actuarial staff. The academy offers a glimpse into this through a week of interactive workshops and training sessions hosted by our actuarial employees. These sessions cover a variety of topics across the different actuarial sectors (life insurance, general insurance, and pensions), introducing some typical actuarial problems and techniques through hands-on exercises and model-building. Examples of work covered in past academies include:

  • Building cashflow projection models in Excel, to value typical life insurance products.
  • General insurance pricing techniques.
  • Building from scratch a stochastic model to simulate stock market returns and find the expected cost of investment guarantees.

In addition, during the week you will meet some of our senior actuarial staff and partners, giving you the opportunity to ask questions about their career paths and experiences as an actuary. We also organise a social evening during the week to meet more of the APR team.

As well as helping to establish whether the type of work is of sufficient interest to them, the academy will benefit attendees by discussing the good practices that an actuarial student will adopt in their work, which will stand them in good stead in any future graduate actuarial jobs or interviews. Feedback from past interns has been very positive, as can be seen below in the testimonials from past attendees.

Who should apply?

The academy is brief, but intensive, and relies on engaged attendees with intellectual curiosity and an eagerness to learn. It is designed to cater for people of different ages, and we welcome all to apply, but we generally expect the majority of applicants to be in their first couple of years of university.

We do not expect attendees to have any prior actuarial or other knowledge – indeed successful applicants are provided with Excel material in advance of the academy to help provide a suitable knowledge base for the week and ensure they we can get as much out of it as possible – and you do not need to be studying a mathematical subject. However, a numerical background may be useful for some sessions.

Application process

In order to help us decide who to offer a place on the academy, we ask candidates to complete a short application process, which involves:

  1. Candidate contacts APR (details below) to register their interest in the academy.
  2. We reply with details of the information required (CV and cover letter) and a few short application questions to complete.
  3. Applications reviewed and a shortlist of candidates invited for an informal telephone ‘interview’ to discuss the week and motivations for applying with a member of the APR team, before we finalise our group of attendees for the year.

If you are interested in an actuarial career, you should also consider finding out more about our graduate associate and actuarial analyst schemes.

How to apply

Applications are now closed for our 2021 academy, which will be held from Monday 2 August to Friday 6 August 2021.

To pre-register your interest in the 2022 academy, please contact us at internships@aprllp.com.

Although there is no specific application deadline, we encourage you to apply early since spaces on our academy are limited and we make offers on an ongoing basis.

*We held the latest instalment of our academy in August 2020 remotely due to the restrictions in place, with all sessions taking place via video calls. While we hope to be able to revert to our usual approach of hosting the academy at our central London offices, a final decision on this will have to wait to nearer the time. We will keep all applicants informed as and when we decide on how best to deliver the 2021 academy.

Feedback from past attendees

“I really enjoyed the academy week at APR. It was eye-opening for me in understanding what a career as an actuary would be like. I would recommend it to anyone that is considering this career path.”

“Everyone is so friendly and the size of the team made the office feel like home.”

“Really enjoyable and insightful week.  All the staff were great and really good at explaining some fairly difficult topics.”

“My favourite exercise in the week was the stochastic model we made on Friday.  Generating a whole bunch of scenarios and understanding why that was a useful approach was pretty interesting. I also thought the opportunity to interact with a variety of staff members at APR and ask them various questions about actuarial careers was a very valuable one.”

“The actuarial academy gave me a brilliant insight into the actuarial field that I feel I couldn’t have gotten anywhere else in such a short amount of time.”

“I thoroughly enjoyed the speaker sessions, as it was very useful to hear from different actuaries from a variety of backgrounds. Everyone had something unique to add.”

“Speaking with APR staff gave me a real insight into the personal and professional growth opportunities the company provides.”

“The academy has confirmed my desire to become an actuary.”