Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Careers - Employment
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


Reply
 
Thread Tools Search this Thread Display Modes
  #11  
Old 08-02-2017, 06:47 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 49,999
Default

Assuming the balloon is the size of the cabin of course
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
Reply With Quote
  #12  
Old 08-02-2017, 07:33 PM
JMO's Avatar
JMO JMO is offline
Carol Marler
Non-Actuary
 
Join Date: Sep 2001
Location: Back home again in Indiana
Studying for Nothing actuarial.
Posts: 37,643
Default

Assumptions - check whether the balloons are empty or full of air/helium. Also, what kind of balloon - the mylar kind or round rubber ones.
__________________
Carol Marler, "Just My Opinion"

Pluto is no longer a planet and I am no longer an actuary. Please take my opinions as non-actuarial.


My latest favorite quotes, updated Nov. 20, 2018.

Spoiler:
I should keep these four permanently.
Quote:
Originally Posted by rekrap View Post
JMO is right
Quote:
Originally Posted by campbell View Post
I agree with JMO.
Quote:
Originally Posted by Westley View Post
And def agree w/ JMO.
Quote:
Originally Posted by MG View Post
This. And everything else JMO wrote.
And this all purpose permanent quote:
Quote:
Originally Posted by Dr T Non-Fan View Post
Yup, it is always someone else's fault.
MORE:
All purpose response for careers forum:
Quote:
Originally Posted by DoctorNo View Post
Depends upon the employer and the situation.
Quote:
Originally Posted by El Actuario View Post
Therapists should ask the right questions, not give the right answers.
Quote:
Originally Posted by Sredni Vashtar View Post
I feel like ERM is 90% buzzwords, and that the underlying agenda is to make sure at least one of your Corporate Officers is not dumb.
Reply With Quote
  #13  
Old 08-02-2017, 07:53 PM
George Frankly's Avatar
George Frankly George Frankly is offline
Member
SOA AAA
 
Join Date: Aug 2011
Location: CO
Favorite beer: Sam Smith Oatmeal
Posts: 11,286
Default

Quote:
Originally Posted by Colonel Smoothie View Post
Assuming the balloon is the size of the cabin of course
You're hired.
Reply With Quote
  #14  
Old 08-03-2017, 03:32 PM
TDM612 TDM612 is offline
Member
SOA
 
Join Date: Aug 2014
Posts: 774
Default

I think it'll vary by the consulting company, though I heard it's becoming a bit more prevalent in the actuarial world nowadays. I can't imagine it'll be as extensive as the ones management consultants give, but if you can just study those and understand the general framework of thinking, I'm pretty sure that'll be good enough. There's a popular book called Case in Point that many management consultants use, and plenty of material on YouTube you can practice with.

As said above, it just comes down to business acumen and logical thinking. You should have enough business sense to know very generally, different kinds of industries and whatnot and how they all work. But more importantly, you should know how to solve a problem with some structure. If you don't know, say you don't know, but you will make an assumption, then build off that assumption.
Reply With Quote
  #15  
Old 08-03-2017, 03:44 PM
rhertz rhertz is offline
Member
SOA
 
Join Date: Mar 2016
College: University of Michigan
Posts: 54
Default

I've recently interviewed at big 3 (mbb) for an EL actuary position. The recruiting process was the same as for management consultants meaning multiple, intense business case interviews (e.g. how do you drive profits in this situation, should company X pursue this new product, etc.)

I've also interviewed at accounting big 4 for EL actuary and they also do simillar case interviews. In this case though, they were pretty relaxed about it. not too intense. Also, my case problems revolved around insurance (e.g. how are self-driving cars affecting market share for company Y)

To my knowledge, the other big consulting firms (towers, milliman, aon, mercer) do not ask typical consulting case problems
Reply With Quote
  #16  
Old 08-05-2017, 08:18 PM
jerm jerm is offline
Member
SOA
 
Join Date: Jan 2015
Posts: 53
Default

The firm I interned at and now work full-time has case interviews for interns. They did a couple of individual case interviews as well as a group case interview. The individual ones weren't too intense, and I didn't do any prep for them. It was basically just "here's the scenario, how would you go about handling this problem, what questions would you have, etc." If you do have these types of interviews, just make sure to state all of your assumptions and talk through your thoughts out loud.

The group case was a little more involved, as you had to work with 3-4 other candidates to solve the problem in front of the interviewers and then present to them as if they are the clients. They basically just want to see how you work with people, so as long as you aren't being too bossy and are contributing value to the group, you should be fine. I don't think these interviews are testing your knowledge as much as how you think and how you work with others.
__________________
P FM MFE MLC C
Econ Finance Stats
FAP
Reply With Quote
Reply

Tags
consulting, interviews

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 05:32 PM.


Powered by vBulletin®
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.27706 seconds with 11 queries