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Actuarial Science Summer Internship Jobs (NOW HIRING)

Cigna

Actuarial Internship - Summer 2027

Franklin, TN · On-site +1

... Our interns are not observers, they are contributors. By the end of the summer, you'll have a ... major of actuarial science, mathematics, statistics, finance, economics, or data analytics.

Cigna

Actuarial Internship - Summer 2027

Austin, TX · On-site +1

... Our interns are not observers, they are contributors. By the end of the summer, you'll have a ... major of actuarial science, mathematics, statistics, finance, economics, or data analytics.

Cigna

Actuarial Internship - Summer 2027

Denver, CO · On-site +1

... Our interns are not observers, they are contributors. By the end of the summer, you'll have a ... major of actuarial science, mathematics, statistics, finance, economics, or data analytics.

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How much do actuarial science summer internship jobs pay per hour?

As of Aug 26, 2026, the average hourly pay for actuarial science summer internship in the United States is $24.28, according to ZipRecruiter salary data. Most workers in this role earn between $17.55 and $25.48 per hour, depending on experience, location, and employer.

What is an actuarial science summer internship?

An Actuarial Science Summer Internship is a temporary, typically 8-12 week position offered by companies such as insurance firms, consulting agencies, or financial institutions. Interns work alongside professional actuaries to gain hands-on experience in data analysis, risk assessment, and financial modeling. This internship is designed for students pursuing degrees in actuarial science, mathematics, statistics, or related fields and provides valuable exposure to real-world actuarial work. Successful completion of an internship can often lead to full-time job offers and helps students prepare for professional actuarial exams.

What types of projects and tasks can I expect during an actuarial science summer internship?

As an Actuarial Science Summer Intern, you can expect to assist with data analysis, build and update actuarial models, and support senior actuaries in tasks such as pricing, reserving, or risk assessment. Interns often work with large datasets, use tools like Excel, SAS, or Python, and may help prepare reports or presentations for internal teams. Collaboration with other departments—such as underwriting, finance, or IT—is common, providing insight into the broader business context. This hands-on experience is designed to mirror the work of entry-level actuaries and help you develop both technical and professional skills.

What are the key skills and qualifications needed to thrive as an actuarial science summer intern, and why are they important?

To thrive as an Actuarial Science Summer Intern, you need strong quantitative skills, analytical thinking, and progress toward a degree in actuarial science, mathematics, statistics, or a related field. Familiarity with Excel, statistical software (like SAS or R), and progress on actuarial exams (such as SOA or CAS) are often expected. Strong communication, problem-solving abilities, and attention to detail help interns interpret data and explain findings to both technical and non-technical audiences. These competencies are crucial for supporting actuarial teams, ensuring accurate analysis, and contributing meaningfully to real-world business decisions.

What is the difference between Actuarial Science Summer Internship vs Actuarial Analyst?

AspectActuarial Science Summer InternshipActuarial Analyst
CredentialsTypically pursuing a degree in actuarial science, mathematics, or related field; no professional certification requiredOften has passed at least one actuarial exam; pursuing or holding actuarial credentials (e.g., ASA, FSA)
Work EnvironmentInternship setting, often in insurance or consulting firms; supervised and learning-focusedFull-time role; responsible for analyzing data, pricing, reserving, and reporting
Employer & IndustryInsurance companies, consulting firms, or government agencies; entry-level learning positionInsurance companies, consulting firms; professional role with ongoing responsibilities

The main difference is that an Actuarial Science Summer Internship is a temporary, learning-focused position for students, while an Actuarial Analyst is a full-time role requiring some professional credentials and ongoing responsibilities in the actuarial field.

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Actuarial Science Summer Internship jobs near you
Infographic showing various Actuarial Science Summer Internship job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 75% Full Time, 22% Part Time, and 2% Contract. Highlights an 75% Physical, 3% Hybrid, and 22% Remote job distribution, with an average salary of $50,506 per year, or $24.3 per hour.

Actuarial Internship - Summer 2027

Lansing, MI • On-site

Auto-Owners Insurance
Insurance Services • 5 - 10K employees

9.2

Company rating: 9.2 out of 10

Based on 35 frontline employees who took The Breakroom Quiz

22nd of 311 rated insurance

People enjoy working here

Good employer

Recommended by parents

Learn more about Auto-Owners Insuranceexternal

Part-time

Posted 15 days ago

Job description

A career at Auto-Owners is challenging and rewarding. Our group of caring associates create financial security by helping individuals and businesses make a new start when a loss occurs.
Job Description
Auto-Owners Insurance, a top-rated insurance carrier, is seeking a motivated individual to join our Actuarial Division as an actuarial (ratemaking) intern. The position, which is an in-person internship, requires the person to:
  • Become familiar with using and understanding insurance manuals and principles.
  • Evaluate frequency, severity, and premium trends for purposes of projecting future losses based on historical loss data.
  • Effectively communicate with other employees through verbal and/or written means.
  • Organize and provide management with reports to aid in decision making.
  • Participate in both formal and informal training sessions.

This summer internship is in person in Lansing, Michigan and has full-time hours (Monday - Friday for 37.5 hours/week). Schedule start times can vary, as working hours should overlap that of your mentor's as best as possible. Two of the most common shifts are 8am - 4:30pm or 7:30am - 4pm. Interns choose their start and end dates. Most join in mid-May and most stay until mid-August.
Desired Skills & Experience
  • Students must be working toward a bachelor's degree in Actuarial Science, Math, Predictive Analytics, or a related field and have completed at least two years of the curriculum.
  • High aptitude for mathematics and actuarial sciences
  • Experience with statistical modeling and related software
  • Proficient in Microsoft Excel and Access
  • Above average communication skills (written and verbal)
  • Ability to adapt to constant change and innovation

Equal Employment Opportunity
Auto-Owners Insurance is an equal opportunity employer. The Company hires, transfers, and promotes on the basis of ability, without consideration of disability, age, sex, race, color, religion, height, weight, marital status, sexual orientation, gender identity or national origin, or any factor contrary to federal, state or local law.
*Please note that the ability to work in the U.S. without current or future sponsorship is a requirement.
#LI-DNP #IN-DNI

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