15 Actuarial Internships for Undergraduates
Internships are one of the most practical ways for college students to translate academic knowledge into professional experience. Through structured, real-world work environments, you build technical competencies, workplace communication skills, and an understanding of industry expectations—all of which strengthen your resume. For students interested in actuarial science, internships are especially valuable because the field relies heavily on applied statistical modeling, risk analysis, and regulatory awareness—skills best learned through hands-on exposure.
Why should I do an actuarial internship in college?
An actuarial internship allows you to apply coursework in probability, statistics, and financial mathematics to real insurance, consulting, or risk management problems. Interns often work with pricing models, claims data, forecasting tools, and regulatory compliance frameworks, gaining direct exposure to professional actuarial workflows. Many programs provide mentorship from credentialed actuaries (ASA/FSA), offering insight into certification pathways and long-term career progression. The structured professional experience demonstrates to employers that you understand industry tools such as Excel modeling, actuarial software, and data analytics platforms.
In compiling this list of the top actuarial internships for undergraduates, we prioritized programs based on prestige, rigor of professional experience, and meaningful opportunities to network with credentialed actuaries and industry leaders.
If you’re interested in other internships in specific subjects, check out a list of psychology internships here & law internships here.
1. Ladder’s University Internships – Actuarial Science Track
Location: Remote
Cost: Varies by program; full financial aid available
Acceptance rate: Selective
Program Dates: Multiple cohorts throughout the year, including Spring, Summer, Fall, and Winter
Application Deadline: Varies by cohort. Spring (January), Summer (May), Fall (September), and Winter (November)
Eligibility: Students who can work for 10-20 hours/week for 8-12 weeks. Open to undergraduates and gap year students!
This is a competitive, fully remote internship that allows you to collaborate with early-stage companies and nonprofit organizations across the globe. Participants are matched with startups operating in diverse sectors, gaining exposure to different industries and work cultures. During the 8–12 week program, interns dedicate 10–20 hours per week to a meaningful, impact-driven project that addresses a real need within their host organization. The experience emphasizes hands-on learning, professional communication, and problem-solving in a real-world environment. Throughout the internship, students receive guidance and mentorship directly from a designated manager at their assigned startup. The program concludes with a final presentation in which interns showcase their contributions and project outcomes.
2. Lincoln Financial Actuarial Internship Development Program
Location: Lincoln Financial Group, Radnor, PA (hybrid program)
Stipend: Paid internship; housing assistance available for eligible students
Acceptance rate: Not specified
Program Dates: June 1–August 7
Application Deadline: September–December (annual active recruiting period)
Eligibility: Rising juniors or seniors majoring in actuarial science, mathematics, statistics, economics, computer science, or related quantitative fields; GPA 3.0+; one or more SOA exams preferred; must be authorized to work in the U.S.
The Actuarial Internship Development Program at Lincoln Financial immerses interns directly within actuarial teams that contribute to areas such as valuation, financial reporting, product pricing, product innovation, and asset-liability strategy. Throughout the internship, participants work with actual insurance datasets and support modeling projects, seeing firsthand how actuarial analysis shapes broader business decisions. The experience is supported by dedicated mentors and individualized guidance, as well as recurring technical training sessions and talks by practicing actuaries. Beyond day-to-day project work, interns engage in networking opportunities, volunteer initiatives, and attend an in-person Development Summit hosted at the company’s Radnor headquarters. The program concludes with a chance to present project outcomes and reflections to colleagues and leadership, offering meaningful professional visibility early in an actuarial career.
3. Actuarial Internship – Munich Re
Location: Primarily U.S. offices of Munich Re (including regional headquarters locations)
Cost: Paid internship
Acceptance rate: Selective
Dates: Summer term (typically 10–12 weeks)
Application Deadline: Rolling; generally fall–winter prior to summer start
Eligibility: Undergraduate students (typically rising juniors or seniors) with strong academic performance (3.25+ GPA preferred) and demonstrated leadership and quantitative skills
Munich Re’s actuarial internship provides undergraduates with hands-on exposure to real-world insurance and reinsurance work at a leading global risk solutions company. Interns contribute to projects involving actuarial pricing, reserving, underwriting analysis, and data modeling while learning how technical insights guide strategic decisions. The program blends practical assignments with structured training to deepen your understanding of the insurance industry. You collaborate with experienced actuaries and cross-functional teams, gaining exposure to both primary insurance and reinsurance operations. Mentorship and networking opportunities help strengthen professional skills alongside technical development. The experience is designed to build a strong foundation for future actuarial or risk management roles.
4. Actuarial Student Program Intern – The Hartford
Location: Hartford, Connecticut (on-site, hybrid, or fully remote within the U.S.)
Cost: Paid internship (compensation varies based on market analysis and qualifications)
Acceptance rate: Selective
Dates: September (part-time, 16 hours per week)
Application Deadline: August 11 (might change annually)
Eligibility: Bachelor’s or master’s students in math, actuarial science, finance, economics, engineering, or related fields; at least one actuarial exam passed; authorized to work in the U.S.
The Hartford’s Actuarial Student Program offers undergraduates meaningful exposure to real-world actuarial work within a Fortune 500 insurance environment. Interns rotate across departments, including Property & Casualty and Employee Benefits, contributing to projects in pricing, reserving, data science, and enterprise risk management. The experience blends technical assignments with structured training in R programming, insurance concepts, and actuarial technologies. Alongside analytical work, participants build leadership and communication skills through collaboration, team initiatives, and networking events. The part-time format allows students to gain professional experience during the academic term. The program is designed to prepare interns for long-term actuarial careers and potential full-time opportunities.
5. The Retirement Actuarial Internship at Willis Towers Watson (WTW)
Location: New York, NY; Boston, MA; Philadelphia, PA; Short Hills, NJ; Stamford, CT (hybrid format)
Cost: Paid internship ($26–$33 per hour; overtime eligible)
Acceptance rate: Selective
Dates: Summer
Application Deadline: Rolling
Eligibility: Bachelor’s or master’s students (junior standing preferred) in actuarial science, mathematics, statistics, finance, or related quantitative fields; minimum 3.0 GPA; at least one actuarial exam preferred
The Retirement Actuarial Internship at Willis Towers Watson (WTW) places students within its Retirement consulting practice, supporting organizations in designing and managing pension and retirement benefit programs. Interns gain exposure to real client projects, including pension valuations, cost forecasting, benchmarking, and plan design analysis. The role combines technical actuarial modeling with consulting-focused tasks such as preparing client presentations and assisting with regulatory filings. A structured onboarding program and regional training sessions introduce interns to the fundamentals of retirement consulting and the firm's broader services. Each intern is paired with a Lead Retirement Consultant mentor who provides guidance on assignments and professional development. The program also supports progress toward actuarial credentials through exam resources and paid study opportunities, building a strong pathway into consulting careers.
6. The Actuarial Programs and Internships at MassMutual
Location: Primarily Springfield, MA and Boston, MA (varies by role)
Cost: Paid internship or development program
Acceptance rate: Selective
Dates: Summer internships; development program timelines vary
Application Deadline: Rolling
Eligibility: Undergraduate and graduate students with an interest in actuarial science or related quantitative fields
The Actuarial Programs and Internships at MassMutual provide students with a strong entry point into the actuarial profession through hands-on, project-based work. Participants engage in real business assignments that contribute to pricing, valuation, risk analysis, and financial modeling initiatives within a leading mutual insurance company. The experience includes exposure to senior actuarial leaders and structured professional development opportunities designed to strengthen both technical and business skills. Interns collaborate across teams, gaining insight into how actuarial work supports long-term financial strategy and product development. In addition to day-to-day responsibilities, students benefit from mentorship and networking within the broader organization. The program is designed to build a durable professional foundation and support future actuarial credentialing and career growth.
7. The Actuarial and Risk Management Internship at Everest Group, Ltd.
Location: United States (specific office location varies by role)
Cost: Paid summer internship
Dates: Summer term (typically 10–12 weeks)
Acceptance rate: Not specified
Application Deadline: Not specified (varies by recruitment cycle)
Eligibility: Undergraduate or graduate students in actuarial science, mathematics, statistics, risk management, or related quantitative fields
The Actuarial and Risk Management Internship at Everest Group, Ltd. offers students practical exposure to core insurance and reinsurance functions. Interns work alongside actuaries and modelers in areas such as pricing, catastrophe modeling, reserving, and enterprise risk management. The program emphasizes applying classroom knowledge to real business challenges, including data analysis, model development, and analytical support for underwriting decisions. Participants gain insight into how actuarial work shapes risk selection and financial performance across insurance portfolios. The experience provides cross-functional visibility into both insurance and reinsurance operations. Through hands-on projects and team collaboration, interns build a strong technical and professional foundation within a global risk organization.
8. The Actuarial Internship and Development Program at Liberty Mutual
Location: Boston, MA; Chicago, IL; Plano, TX (varies by internship or program placement)
Cost: Paid internship and full-time development program
Dates: Summer internships (typically 10–12 weeks); Actuarial Development Program includes three 18-month rotations
Acceptance rate: Not specified
Application Deadline: Rolling (varies by role)
Eligibility: Undergraduate and graduate students in actuarial science, mathematics, statistics, or related quantitative majors; progress toward actuarial exams preferred
The Actuarial Internship and Development Program at Liberty Mutual provides hands-on exposure to real business challenges across personal and commercial insurance lines. Interns contribute to impactful projects in pricing, reserving, modeling, catastrophe analysis, and profitability analytics while collaborating with cross-functional teams. The internship emphasizes applied data analysis, mentorship, and professional networking within a strong actuarial community. For full-time hires, the Actuarial Development Program offers three structured rotations that deepen technical expertise and business insight. Participants receive dedicated exam support aligned with the Casualty Actuarial Society credentialing pathway. Through meaningful assignments and a collaborative culture, the program builds both analytical capability and long-term actuarial career readiness.
9. Undergraduate programs at Humana
Location: Louisville, KY (some programs offer remote or U.S.-wide placements)
Cost: Paid internships
Acceptance rate: Not specified
Dates: Summer (8–12 weeks) and year-round programs, depending on role
Application Deadline: Typically opens in Fall prior to Summer programs (varies by track)
Eligibility: Undergraduate students pursuing relevant degrees (finance, accounting, IT, actuarial science, healthcare, pharmacy, nursing, and related fields)
This actuarial internship offers undergraduates a full-time, 12-week, paid summer experience across more than 30 actuarial departments, immersing students in both traditional and non-traditional actuarial work spanning pricing, reserving, product development, and financial reporting. Interns play an active role in collecting and analyzing data that directly supports key actuarial functions, gaining exposure to the full breadth of how actuarial science drives decision-making within a major healthcare organization. The program also includes opportunities in Information Technology, Finance & Accounting, clinical programs, and pharmacy partnerships.
10. The Actuarial Intern
Location: Sun Prairie, WI (Hybrid – 4 days/week in office)
Cost: Paid internship ($18–$27/hour)
Dates: June 1 – August 7 (12 weeks)
Application Deadline: Rolling (listing may close once filled)
Eligibility: Undergraduate students majoring in Actuarial Science; must return to school after internship; at least one actuarial exam preferred
The Actuarial Intern role at QBE North America offers hands-on experience within a professional actuarial services team. Interns are typically placed in pricing or financial reporting, contributing to projects in reserving, modeling, reinsurance, and business planning. Participants assist with data extraction, validation, and analysis while developing strong problem-solving and technical skills. Ideal candidates demonstrate proficiency in programming languages such as Python, R, SQL, SAS, or Julia, as well as knowledge of probability, statistics, and property & casualty insurance concepts. Interns present findings to actuarial and data science teams, gaining exposure to both technical and non-technical communication. This hybrid role provides meaningful project work within a global insurance organization committed to professional growth and industry impact.
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