The IFoA now has accreditation and exemption agreements with more than 40 universities worldwide.
The IFoA now has accreditation and exemption agreements with more than 40 universities worldwide. Accredited programmes deliver degrees that incorporate the requirements for several of the IFoA exams (typically, CT1-8) but also provide a broader development around the subject.
Many of these accredited programmes offer (where visa conditions allow) the option of an extended work placement, often called a 'year in industry' or 'sandwich' placement.
As a work placement employer, you gain an actuarial trainee, who, for up to a year, can be employed to tackle shorter-term projects that can be difficult to resource in your day-to-day business. In this way, students are able to enhance their actuarial skills development while providing support to your existing teams.
Longer-term, employers can also benefit from the opportunity to employ a known quantity post-placement. You will know that your graduate trainees have been introduced to the professional and ethical requirements for an actuary and are able to meet the ever-evolving demands of the actuarial workplace.
For students, placements offer an opportunity (usually in the third year of study) to experience the formal work environment and put into practice the actuarial skills they have been developing on their degree programme. This experience is then transferred back into the final year of their degree and allows students to consider the practical and professional impact of their learning, in addition to theoretical applications.
Graduates frequently receive job offers from their placement employers. Even if they commence their careers elsewhere, graduates report that they are in a strong position to hit the ground running, highlighting the advantages of work placements to both students and employers.
If you are interested in offering work placement opportunities, please contact the careers team.
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