Actuarial Work Experience at PwC

Start Date:
2018
Location:
London
Programme Type:
Work Experience
Salary:
£7 hourly
Review Date:
September 2018

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Review Score

6.6/10

1. Please give an overview of your role and what this involves on a day-to-day basis:

7/10

I spent 2 weeks in the Actuarial Services department

My role included: • Completed an Annuity Market Review independently which involved market research, modelling and producing a presentation • Played an active role in the development of an automated report on reserve uncertainties • Helped organise the Risk Modelling Services AGM • Conducted market research regarding capital risk on potential banking clients • Oversaw and helped conduct a half year audit for a global insurance company • Undertook business development projects

2. Have you learnt any new skills or developed existing skills?

7/10

I learnt many new skills. When I gained work experience at PwC, I undertook a two day Microsoft Excel training course. I learnt the basics of using the programme such as navigation, formatting, conditional logic functions, use of pivot tables, macros, named ranges and lookups. Using the skills I had acquired from the basic Excel course, I did a simple financial modelling course which I found very interesting. Most Actuary’s use Microsoft Excel regularly so I feel my training should prove very beneficial to me.

3. To what extent do you enjoy your programme?

7/10

I enjoyed the programme very much as I learnt so much. I did a lot of challenging and interesting work. I got a great taste for what Actuarial work involves as well as my buddy giving me lots of useful tips. The team were very welcoming and the company culture was cool. The programme surpassed my expectations thankfully.

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4. How valued do you feel by PwC?

7/10

I felt very valued at PwC although I was only a work experience student. They paid me very well and I felt appreciated by all the workers, especially the manager. I got about 20 emails of congratulations and thanks for helping them which was a really nice feeling. I was involved in a lot of tasks and projects too.

5. How well organised/structured is your programme?

10/10

It was an ad-hoc work experience programme so it wasn't structured at all. However, I did receive a detailed induction where I was showed around and introduced to all of the team. I was assigned a buddy who was extremely useful and lovely. I was delegated a lot of tasked making me feel extremely valued and overall the programme was well organised.

6a. How much support do you receive from your training provider?

1/10

N/A

6b. How much support do you receive from your employer?

6/10

I received a lot of support from PwC. They gave me my own laptop and any other things that I felt I needed to help me do my tasks that I was allocated. I was assigned a buddy who was extremely useful and lovely. The general attitude to supporting me was very good and I felt really good about that.

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7. How well does your salary/package meet your costs?

6/10

They paid me very well even though I was only a work experience student for two weeks. They unfortunately didn't cover living costs, travel costs, daily costs, social costs. I believe because it was in London I was paid a bit more to compensate which felt really good and really useful.

8. Are there many opportunities outside of work?

8/10

So I attended a really well structured AGM and an after party which was really nice. There were also qualification drinks for those who had passed their Actuarial exams which were really fun and it felt good that I didn't have to pay for the drinks. There is an events team that organises lots of fun events which I wish I could be apart of.

9a. Would you recommend PwC to a friend? *

Yes

9b. Why? *

I definitely would recommend PwC to a friend due to these reasons as I learnt all of these things: • Completed an Annuity Market Review independently which involved market research, modelling and producing a presentation • Played an active role in the development of an automated report on reserve uncertainties • Helped organise the Risk Modelling Services AGM • Conducted market research regarding capital risk on potential banking clients • Oversaw and helped conduct a half year audit for a global insurance company • Undertook business development projects

10. What tips or advice would you give to others applying to PwC? *

Just email them and you may be lucky to get some work experience.

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