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Actuarial Student Program Jobs (NOW HIRING)

Beneficial Life

Student Actuary

Salt Lake City, UT · Hybrid

$75K - $85K/yr

Student Actuary Job Type: Full Time Location: Salt Lake City, UT Pay Range: $75,000-$85,000 ... Actuarial Exam Study Program Beneficial Life offers a competitive actuarial study program designed ...

Milliman

Associate Actuary - Seattle Health

Seattle, WA · On-site

$88K - $208K/yr

Our mentor program ensures you have a dedicated colleague to guide your career growth, providing ... Supervise actuarial students in the completion of technical aspects of actuarial projects Employees ...

Chubb

Actuarial Intern

Philadelphia, PA

$23 - $27/hr

The program offers college students the opportunity to work in one section of our department during the summer. Interns are exposed to many facets of actuarial work and techniques and are introduced ...

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How much do actuarial student program jobs pay per year?

As of Jun 30, 2026, the average yearly pay for actuarial student program in the United States is $93,525.00, according to ZipRecruiter salary data. Most workers in this role earn between $71,500.00 and $109,500.00 per year, depending on experience, location, and employer.

How much do actuarial interns get paid?

Actuarial interns typically earn between $15 and $25 per hour, depending on the company, location, and level of education. Internships often last for a few months during the summer or academic year and may include additional benefits such as mentorship and exam support.

What jobs can I do with an actuarial degree?

An actuarial degree prepares you for roles such as actuarial analyst, risk analyst, or insurance underwriter, where you analyze data, assess risk, and develop financial models. These jobs often require strong skills in mathematics, statistics, and the use of tools like Excel and actuarial software, with professional certification such as the ASA or FSA enhancing career prospects.

Do actuaries make $500,000?

Actuarial students typically do not earn $500,000; this level of compensation is usually achieved by experienced actuaries in senior roles or specialized fields such as consulting or risk management. Entry-level salaries for actuarial students generally range from $60,000 to $80,000, with significant increases as they gain professional credentials and experience.

What are the key skills and qualifications needed to thrive as an Actuarial Student, and why are they important?

To thrive as an Actuarial Student, you need strong analytical skills, mathematical proficiency, and typically a bachelor's degree in actuarial science, mathematics, or a related field. Familiarity with actuarial software, Excel, and progress toward passing actuarial exams from organizations like SOA or CAS are highly valued. Exceptional problem-solving abilities, attention to detail, and strong communication skills help set candidates apart. These competencies are vital for accurately assessing risk, interpreting data, and effectively communicating findings to stakeholders in insurance and financial industries.

What is an Actuarial Student Program?

An Actuarial Student Program is a structured training and development initiative offered by employers, typically insurance companies or consulting firms, to help aspiring actuaries gain practical experience while studying for actuarial exams. Participants usually work in entry-level actuarial roles with mentorship and support for professional development, including study time and exam fee reimbursement. These programs are designed to build technical skills, industry knowledge, and provide a clear path towards becoming a fully qualified actuary.

What is the difference between Actuarial Student Program vs Actuarial Analyst?

AspectActuarial Student ProgramActuarial Analyst
CredentialsTypically pursuing actuarial exams, some internshipsOften has completed some exams, may hold entry-level degree
Work EnvironmentTraining-focused, mentorship programs, exam supportProject-based, data analysis, reporting tasks
Employer & IndustryInsurance, consulting firms, financial servicesInsurance companies, consulting firms, pension plans

The Actuarial Student Program is designed to prepare candidates for actuarial exams and develop foundational skills, often including mentorship and exam support. An Actuarial Analyst typically has some exam progress and handles more independent data analysis and reporting tasks. Both roles are common in insurance and consulting industries, but the program emphasizes training, while the analyst role focuses on applying skills in real-world projects.

What are some typical responsibilities and learning opportunities for participants in an Actuarial Student Program?

Participants in an Actuarial Student Program typically rotate through various teams such as pricing, reserving, and risk management, allowing them to gain exposure to different actuarial functions. Daily tasks often include data analysis, building models, preparing reports, and supporting senior actuaries with research and project work. The program usually offers structured study support for actuarial exams and mentorship from experienced professionals, which fosters both technical and professional growth. This hands-on experience, paired with ongoing training, helps participants develop a strong foundation for a long-term actuarial career.

What jobs can you get with actuarial studies?

Actuarial studies prepare individuals for roles such as actuary, risk analyst, pricing analyst, and data analyst. These jobs typically require strong skills in mathematics, statistics, and programming, and often involve working with insurance companies, consulting firms, or financial institutions to assess risk and develop financial strategies.
More about Actuarial Student Program jobs
What cities are hiring for Actuarial Student Program jobs? Cities with the most Actuarial Student Program job openings:
What states have the most Actuarial Student Program jobs? States with the most job openings for Actuarial Student Program jobs include:
What job categories do people searching Actuarial Student Program jobs look for? The top searched job categories for Actuarial Student Program jobs are:
Actuarial Student Program jobs near you
Infographic showing various Actuarial Student Program job openings in the United States as of June 2026, with employment types broken down into 1% As Needed, 78% Full Time, 17% Part Time, and 4% Contract. Highlights an 96% Physical, 1% Hybrid, and 3% Remote job distribution, with an average salary of $93,525 per year, or $45 per hour.
Actuary - Medical Cost Initiatives (Remote)

Actuary - Medical Cost Initiatives (Remote)

UPMC Health Plan

Pittsburgh, PA • On-site, Remote

Other

Posted 1 hour ago

Job description

Purpose:
Shape the world of health care by joining UPMC! As a leader in the industry, we are committed to enhancing the lives of
all who are a part of our community. Without our employees, we would not be able to innovate health care for our patients
and health plan members. From hospitals to our corporate office, all UPMC employees impact our mission of creating life
changing medicine. To continue our tradition of excellence, we are in search of a full-time Actuary to join this community as well.

UPMC Health Plan is seeking an Actuary in its Department of Health Economics! This credentialed healthcare actuary
would drive high-visibility impactful analysis and would be responsible for developing and driving medical cost
improvement strategies. This includes evaluating program and initiative outcomes, interpreting cost and trend driver
analysis to generate new initiative ideas and present findings to leadership.

The Actuary will require a diverse set of skills and experience, including data and analytics expertise, broad-based
business and health economics acumen, a strategic mindset, and an ability to influence and leverage cross-functional
teams in a non-traditional actuarial environment. This position may also direct or supervise less experienced actuarial
analysts in the performance of duties.

As an Actuary at UPMC, you will be given support for professional designations through our comprehensive student
program and continuing education opportunities.
Responsibilities:

  • Lead the development of detailed actuarial and financial models to communicate near and long-term projections of financial performance of new and ongoing initiatives and clinical programs to facilitate corporate decision-making and the development of strategies and goals.
  • Analyze impacts of healthcare affordability initiatives on medical cost and utilization trends.
  • Apply analytical and statistical software tools to summarize large healthcare data to glean findings and actionable insights and deliver results to leadership.
  • Incorporate healthcare claims cost and utilization trends into the development of projections used to define savings methodologies for affordability initiatives and programs.
  • Develop and gain support for data-based recommendations with team members from product, clinical, network, and strategy functions.
  • Guide the development of well-documented standard actuarial reports and projects.
  • Present results of analyses and recommendations to management and senior leaders.
  • Apply an understanding of complex actuarial concepts, methods, and applications in a variety of situations.
  • Creatively leverage a wide range of datasets to inform key analyses.
  • Provide direction and supervision to less experienced staff in the performance of duties. May directly manage 1-2 analyst.
  • Build strong relationships within cross-functional workgroups including Clinical, Pharmacy, Network, Actuarial, Analytics, and Finance teams across the enterprise.
  • Ensure that departmental work products meet the highest standards of quality.
  • Provide analytical support for ad hoc data analyses.
  • Bachelor's degree in mathematics, statistics, actuarial science, economics or related field.
  • ASA of FSA certification
  • 5+ years of experience in actuarial work in a health insurance, managed care or related consulting business; or equivalent training, education and/or experience.
  • Experience in any of the following is a strong preference: evaluation of medical cost and utilization savings initiatives; statistical techniques for the evaluation of clinical programs; trend analysis; population health; utilization management (UM) / care management (CM) / disease management (DM) analysis
  • Experience with commercial and government health programs is preferred.
  • In-depth understanding of health insurance market dynamics.
  • Excellent problem-solving and analytical skills.
  • Excellent oral and written communication skills.
  • Adaptability and ability to prioritize effectively.
  • Strong PC skills.
  • Data retrieval skills and relational database experience are required, including SQL and/or SAS.
  • Data visualization experience is preferred.
    Licensure, Certifications, and Clearances:
    A.S.A. or F.S.A. certification by Society of Actuaries Membership in the American Academy of Actuaries
    UPMC is an Equal Opportunity Employer/Disability/Veteran

Apply