Actuarial Intern at Standard Life Aberdeen

Internship (1-4 Months)
Edinburgh Scotland
Review Date
£14,000 - £15,999


The Role



The Role

Role Description

Creating a Mortality Improvement Study in the Assumptions and Methodology Developement Team

1. To what extent did you enjoy your work placement or internship?

Thoroughly enjoyed the work and the project that I was given during my time at Standard Life; was responsible for building and reporting on mortality projection models. The tasks were very challenging at times but had more than enough support from my manager and other team members


2. To what extent did you feel valued by your colleagues?

My manager explained to me the real significance of my work for the team and was asked to give progress reports to the team in each team meeting.


3. To what extent were you given support and guidance by management/your supervisor(s)?

The support and guidance provided by my manager was superb; was happy to take time out of his busy schedule to explain ideas, concepts and the project to me. The rest of the team were very willing to take time to help and explain things to me.


4. How busy were you on a daily basis?

My project was designed to take the 10 weeks and therefore the multi-factor aspect of the project meant that there was always something for me to get on with. Even though I was busy, I never felt overwhelmed with the amount of work.


5. How much responsibility were you given during your placement?

I was given the one main project for the 10 weeks, so I was not completing work from other parts of the team but was able to find out more about the different parts of the team in team meetings.


6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?

Soft skills such as organisational and time management skills have certainly improved thanks to the internship, which will be useful for my final year at University; my project used a lot of statistical ideas and concepts which has helped me see how statistics can be applied in the real world.


The Organisation

7. What was the general atmosphere in your office?

The atmosphere in the office was friendly and very easy to ask questions to others in the team; at times quiet during parts of the summer


8. How well organised was the overall work placement or internship set up?

Cannot find any big faults with the internship set up - excellently organised; from the welcome day to meeting the team / buddy to the organisation of the project, everything was excellently thought through.


9. In terms of personal training and development, to what extent did the company or firm invest in you?

Huge investment into us interns; lunchtime learning sessions including presentation skills session, strengths finder session etc. Standard Life have a strong focus on personal development and is visible even as an intern.


10. What were the perks on your work placement?

  • Flexi Time
  • Subsidised Canteen
  • Sports and Social Club
  • Company Car
  • Subsidised/Company Gym
  • National Travel
  • International Travel
  • Financial Bonus
  • Company Parties/Events
  • Staff Sales/Staff Shop
  • Above 25 days holiday
  • Working from home
  • Healthcare from home
  • Healthcare/Dental
  • Travel loan

11. How appealing are future employment prospects within the organisation?

Very good organisation with an excellent graduate actuarial scheme; range of opportunities for graduate actuarial students to get involved with



12. Was there a good social scene amongst any fellow placement students/colleagues?

Standard Life provided free accommodation for interns outside of Edinburgh in the same appartment block; made it very easy to get to know other interns


13. What was the cost of living and socialising in the area you worked in?

Free accommodation provided by Standard Life, prices are those to be expected in a major city like Edinburgh.


14. What was the Nightlife like in the area you worked?

Good range of bars, restaurants, clubs for all; even better during the Fringe in August


15. Were there many opportunities to get involved in activities outside of work?

Team night outs / Team lunches / Scheme lunches etc.