?unique=18e6f52)
Actuaries in India have conventionally worked in the Insurance Sector Only. Most of them are employed in this field, and still, many actuaries working in Indian insurance companies are NRIs. There are as many as 8 companies, as per my knowledge, that are seeking actuaries but are unable to find any. So basically, the only field where actuaries are employed is still looking for actuaries. It hasn’t got sufficient numbers yet. This is about Fellow Actuaries.
OK, let’s agree freshers are not getting jobs these days. But… Are they really looking for jobs in the right place? I see a lot of things missing from young students. Everyone is complaining; no one is actually thinking about where the problem lies. I graduated a few years back, and all my batchmates who were into actuarial science got jobs within 4–5 months of graduation. I got one within a few days, which I quit after 3 months to have my own setup.
First of all, who in India recruits actuarial professionals?
- Life Insurance
- General Insurance
- Health Insurance
- Reinsurance Companies
- Pension Funds
- Consultants
- Investments
- Government
- Academics
- Risk Management
(Source: IAI)
Now, let’s note a few quick things you should do to find the right opportunities at the right time:
A clean, updated LinkedIn account is a must.
Just having a LinkedIn account won’t do. What you need to do is make a list of Fellows and follow them on LinkedIn. (Don’t send them annoying messages, seeking a job desperately). Likewise, make a list of insurance companies and multinational consultancies working in India. Make sure to connect with all of them.
Do check the Institute’s career page to get a note of vacancies.
Look for jobs posted on various portals like (iimjobs, Monster, Naukri, etc.).
Join Facebook groups. I frequently see some job postings in my Facebook group (https://www.facebook.com/groups/actuary.aspirants).
Is this enough? Definitely not.
The most important thing is to have a neat, clean, small, and presentable CV.
Things to Note While Making a CV
- A fresher’s CV should not be more than 1 page.
- Never ever write a Career Objective in it.
- Never ever write “Curriculum Vitae” in bold at the top. Instead, use the space to write your name.
- Write only your contact number and email ID below your name at the top of the page.
- Start with the most relevant and recent qualification. Older ones should follow in order.
- List soft skills acquired.
- Include achievements, if any.
- Add personal details (marital status, languages known, age, address, etc.). Don’t write too many.
- If possible, do give the reference of a notable person who knows you personally.
- The font should be small and simple. Highlight important things efficiently.
These points should help you prepare an apt CV.
...Continued in Part 2