Skip to main content
The Actuary: The magazine of the Institute and Faculty of Actuaries - return to the homepage Logo of The Actuary website
  • Search
  • Visit The Actuary Magazine on Facebook
  • Visit The Actuary Magazine on LinkedIn
  • Visit @TheActuaryMag on Twitter
Visit the website of the Institute and Faculty of Actuaries Logo of the Institute and Faculty of Actuaries

Main navigation

  • News
  • Features
    • General Features
    • Interviews
    • Students
    • Opinion
  • Topics
  • Knowledge
    • Business Skills
    • Careers
    • Events
    • Predictions by The Actuary
    • Whitepapers
  • Jobs
  • IFoA
    • CEO Comment
    • IFoA News
    • People & Social News
    • President Comment
  • Archive
Quick links:
  • Home
  • The Actuary Issues
  • October 2016
10

Work placement students: cultivating a potential employee

Open-access content Monday 3rd October 2016

The IFoA now has accreditation and exemption agreements with more than 40 universities worldwide.

2

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.

Email [email protected]

This article appeared in our October 2016 issue of The Actuary.
Click here to view this issue
Filed in:
10

You might also like...

Share
  • Twitter
  • Facebook
  • Linked in
  • Mail
  • Print

Latest Jobs

Assistant Reserving Manager

London (Central)
Up to £100,000
Reference
121101

Reinsurance Pricing Analyst

London (Central)
£45000 - £65000 per annum + Bonus + Study Package
Reference
121110

Reinsurance Actuarial Analyst

London (Central)
£45000 - £65000 per annum + Bonus + Study Package
Reference
121109
See all jobs »
 
 

Today's top reads

 
 

Sign up to our newsletter

News, jobs and updates

Sign up

Subscribe to The Actuary

Receive the print edition straight to your door

Subscribe
Spread-iPad-slantB-june.png

Topics

  • Data Science
  • Investment
  • Risk & ERM
  • Pensions
  • Environment
  • Soft skills
  • General Insurance
  • Regulation Standards
  • Health care
  • Technology
  • Reinsurance
  • Global
  • Life insurance
​
FOLLOW US
The Actuary on LinkedIn
@TheActuaryMag on Twitter
Facebook: The Actuary Magazine
CONTACT US
The Actuary
Tel: (+44) 020 7880 6200
​

IFoA

About IFoA
Become an actuary
IFoA Events
About membership

Information

Privacy Policy
Terms & Conditions
Cookie Policy
Think Green

Get in touch

Contact us
Advertise with us
Subscribe to The Actuary Magazine
Contribute

The Actuary Jobs

Actuarial job search
Pensions jobs
General insurance jobs
Solvency II jobs

© 2021 The Actuary. The Actuary is published on behalf of the Institute and Faculty of Actuaries by Redactive Publishing Limited, Level 5, 78 Chamber Street, London, E1 8BL. Tel: 020 7880 6200