Actuarial Trainee Interview Questions

5,477 actuarial trainee interview questions shared by candidates

My resume was covered quite thoroughly, so going into the interview knowing what you want to say about EVERY bullet point will be great preparation. I had something poorly worded under one of my internship experiences and was called out on it. It also seemed that each section was covered by another person. My education was covered by one person, internships by the next interviewer, and then finally professional experience by the third.
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Actuarial Financial Analyst

Interviewed at Quantitative Risk Management

3.5
Apr 15, 2011

My resume was covered quite thoroughly, so going into the interview knowing what you want to say about EVERY bullet point will be great preparation. I had something poorly worded under one of my internship experiences and was called out on it. It also seemed that each section was covered by another person. My education was covered by one person, internships by the next interviewer, and then finally professional experience by the third.

Some accounting-type knowledge is useful to have. I was asked very specific questions about assets and insurance: What types of risk do insurance companies face? Describe some options? I was then given specific cases and asked to compute option value. Nothing crazy if you have actuarial exam experience (FM or MFE) with option pricing, but good luck if you haven't taken any exams. Are you familiar with "forward rates"? Two different interviewers asked me about the Black-Scholes Formula. I said I have used it and they asked me what the variables are.
avatar

Actuarial Financial Analyst

Interviewed at Quantitative Risk Management

3.5
Apr 15, 2011

Some accounting-type knowledge is useful to have. I was asked very specific questions about assets and insurance: What types of risk do insurance companies face? Describe some options? I was then given specific cases and asked to compute option value. Nothing crazy if you have actuarial exam experience (FM or MFE) with option pricing, but good luck if you haven't taken any exams. Are you familiar with "forward rates"? Two different interviewers asked me about the Black-Scholes Formula. I said I have used it and they asked me what the variables are.

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