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  #1  
Old 06-17-2013, 06:12 PM
jobseeker1289 jobseeker1289 is offline
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Smile What is the state of actuarial employment 2013 for entry level jobs?

Hi guys, I registered over 3 days ago and just recently got permission to post so I had a lot of time to think about my first post here.

From what I read from this forum and online elsewhere, is that things used to be quite different for entry-level jobs 10 years ago. People used to be getting interviews and offers with 1 or 2 exams passed. Obviously, things have changed since then and I want to know how.

As a job seeker with 2 exams passed (and no interviews despite a resume sending frenzy) I want to know what is it like out there for someone unexperienced looking for their first job.

How many companies are looking for hires?

How much competition is out there for job seekers? (give me rough estimate of unemployed entry level actuaries if possible)

What kind of guys are the companies looking for?

What are the means the companies are using to find them? (Job Boards, Referrals, recruitment companies (like ezra), or something else)

Are companies being cautious since we're in a recession, or have they begun to loosen up their standards?

And, anything else about the state of the industry.

Thanks, and I fully understand I'm not the first to request something like this (and I won't be the last) so if you know an updated (2013 or 2012) website or thread where this information is posted let me know. I don't want to read anything older than a year at most, since it may not reflect modern affairs accurately.
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  #2  
Old 06-17-2013, 06:44 PM
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vjvj vjvj is offline
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There are apparently 1288 other job seekers out there?
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  #3  
Old 06-17-2013, 06:56 PM
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Quote:
Originally Posted by vjvj View Post
There are apparently 1288 other job seekers out there?
At least we've got one of the questions out of the way.
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  #4  
Old 06-17-2013, 07:11 PM
Dr T Non-Fan Dr T Non-Fan is online now
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Quote:
Originally Posted by jobseeker1289 View Post
Hi guys,...

As a job seeker with 2 exams passed (and no interviews despite a resume sending frenzy) I want to know what is it like out there for someone unexperienced looking for their first job.

1. How many companies are looking for hires?

2. How much competition is out there for job seekers? (give me rough estimate of unemployed entry level actuaries if possible)

3. What kind of guys are the companies looking for?

4. What are the means the companies are using to find them? (Job Boards, Referrals, recruitment companies (like ezra), or something else)

5. Are companies being cautious since we're in a recession, or have they begun to loosen up their standards?

6. And, anything else about the state of the industry.
1. Not as many at this very moment. Most companies have done their "seasonal hiring" already. But right now? Exactly? Somewhere between 0 and 45.7. Right now, applicants will have to find companies that were unsuccessful in filling their quota of bright-eyed-and-bushy-tailed.
2. Somewhere between 100 and 1000 unemployed entry-level actuarial wannabe's.
3. They are looking for guys and gals that send their résumés to them.
4. They are looking for guys and gals that send their résumés to them.
5. The candidate receiving the offer will be not only qualified but will be the best candidate of the pool of applicants who sent their résumés in. (Replied this so often it's in my sig line.)
6. The state of the industry is good (applause...).
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Last edited by Dr T Non-Fan; 06-18-2013 at 01:25 PM..
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  #5  
Old 06-17-2013, 07:13 PM
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There's a lot of people who know a lot more and can answer better than me, but I'll give it a shot.

I don't tihnk anyone has actual numbers, but more entry level seekers than positions for sure... Life is especially tough for people without a green card.

If you're not getting interviews with two exams (and you don't have a garbage GPA), I recommend posting your resume/CL and having someone look at it. Chances are that there's something glaringly wrong with it. Also, might have to broaden your search radius.

Another thing everyone agrees on is that you shouldn't be unemployed... that's a huge red flag.

I also advise you to network like crazy. Lots of threads on how to network and I am too busy to rehash them.

Finally, when did you start looking for a job? Most places don't recruit until August/September/October... So maybe that's also part of the reason you're having trouble.


I hope that helps.
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  #6  
Old 06-17-2013, 08:00 PM
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This is the actuarial directory; it is your friend.

https://actuarialdirectory.org/Searc...2/Default.aspx

You can either choose to send your resume to people on it, or you can use it to learn about which companies employ actuaries in areas you would be willing to work.
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  #7  
Old 06-18-2013, 12:17 AM
moniccazz moniccazz is offline
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Our EL new hires and interns started this month. The summer hires is over, the next wave of major EL hiring will come back when Fall semester starts.

Like others said, networking is important. Try reaching out to your fellow classmates who graduated 1-2years ago, ask them if they know of any opening in their companies, and if not, ask them to look out for when they open up in Fall. No harm trying.

Good luck
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  #8  
Old 06-18-2013, 09:37 AM
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Little competition for jobs at the entry level.
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  #9  
Old 06-18-2013, 11:07 AM
Interrogative Statement Interrogative Statement is offline
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Quote:
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Little competition for jobs at the entry level.
What gives? Usually you give decently correct answers.
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  #10  
Old 06-18-2013, 11:11 AM
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Originally Posted by Interrogative Statement View Post
What gives? Usually you give decently correct answers.
If you can't pass exam P and FM, you shouldn't become an actuary.

If you can pass exam P and FM, you will be faced with the lowest level of interview competition in actuarial compared with any job of similar pay.
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