PHOTO CREDIT: The Business Magazine
Programme Overview
Summer internships at PwC provide valuable insights into the business and culture of the organization. Interns get the chance to immerse themselves in the work and life at PwC, collaborating with seasoned professionals on genuine client projects. The opportunities for learning and growth are unparalleled, so interns should be prepared to fully engage in the experience.
Responsibilities
As an Actuary in Pensions, the role involves mastering the use of complex financial and statistical theories to assess risks and estimate probabilities. Working within a multidisciplinary team, the intern will leverage problem-solving skills to advise clients on managing liability and asset risks in pension plans. This includes negotiating funding schemes with trustees, designing retirement savings plans for employees, and offering advice on potential mergers or acquisitions. Utilizing market-leading pensions analytics tools and a range of expertise, interns will assist clients in developing and implementing their pension strategy or benefits scheme.
Learning Opportunities
Interns will gain a profound understanding of PwC’s business, expand their professional networks, and collaborate with specialists in their chosen business area. On-the-job training will prepare interns for project work, providing valuable insights into PwC’s operations and the significance of client projects in relation to clients, the economy, and the wider community. The internship is crafted to kickstart interns’ careers and, based on performance, may lead to an opportunity to join one of PwC’s Graduate Programmes post-graduation. Any graduate offers will be for the same office and business area where the internship was completed.
Qualifications
Applicants should be in their penultimate year of an undergraduate or postgraduate degree, or in the final year of an undergraduate degree with a confirmed one-year postgraduate place. Successful completion or being on track to pass an undergraduate degree or above in any subject is required. While PwC does not specify particular degree or A Level subjects, the Institute and Faculty of Actuaries (IFoA) suggests a preference for a math-based degree for those considering a career as an Actuary. The IFoA qualification process is rigorous, and they recommend non-math-based degree holders to take one of their non-member exams for better preparation.
Application Timeline
Upon submitting the application, candidates have seven days to complete the online test, marking the first stage of the recruitment process. Assessment centres for this role are scheduled to take place between 19 February and 4 March 2024. Early application is recommended as PwC follows a rolling recruitment process.
