Actuarial Summer Intern

Job Description

Oliver Wyman Actuarial – Internship – Summer 2027 | Oliver Wyman

The Tone:
This is a seasonal internship at Oliver Wyman, offering hybrid work arrangements across various U.S. cities where our practices are located, including Chicago, New York, Atlanta, and San Francisco. Oliver Wyman is part of Marsh, a global organization with over 95,000 colleagues, and is a leader in management consulting. This role is crucial for students interested in actuarial science to gain hands-on experience, apply advanced analytics, and develop valuable skills for future careers within the actuarial and consulting industries by supporting complex problem-solving and strategic insight.

The TL;DR
• Role: Internship
• Type: Seasonal
• Location: Hybrid, New York, NY
• Pay: $1,350–$1,600 USD weekly
• Team: Actuarial Practice professionals, including credentialed actuaries and consultants.
• Mission: Support the Actuarial Practice in providing customized actuarial services and strategic insight to clients across various industries.
• Tech Stack: Excel; familiarity with R, Python, SQL, SAS, or VBA

What You’ll Actually Do
• Business Problem Analysis: Support consultants and actuaries in analyzing complex business problems across finance, operations, product strategy, and M&A, using data, research, and structured problem-solving approaches.
• Data-Driven Insights: Work with various datasets, such as medical and pharmacy claims, life and annuity product data, or property & casualty loss data, to identify trends, summarize findings, and develop actionable insights.
• Client Deliverable Preparation: Assist in developing client-ready presentations, financial analyses, exhibits, and analytical summaries for internal and client-facing discussions, often supporting rate development, valuation, or risk financing projects.
• Strategic and Industry Research: Conduct comprehensive industry and market research, including benchmarking studies, to help inform client recommendations, support new business launches, and assess market and regulatory impacts.
• Project Collaboration & Execution: Collaborate closely with project teams, consultants, and actuaries to support engagement execution, learn consulting best practices, and contribute to client service across diverse practice areas.

The Must-Haves
• Background: Class of 2028 or 2029, pursuing a degree in Actuarial Science, Mathematics, Statistics, or another STEM or business-related field, with a minimum GPA of 3.5.
• Experience: No prior professional experience required; interest in the CAS, SOA, or CFA track is essential, with a strong interest in both strategy consulting and actuarial applications for the ICG role.
• Skills: Strong analytical and problem-solving skills, excellent written and verbal communication, ability to manage multiple priorities in a dynamic environment, and a collaborative mindset with the ability to work independently.
• Bonus: Familiarity with technical tools such as R, Python, SQL, SAS, or VBA is preferred.