How to Decide Between Two Job Offers

The CAS University Engagement Committee contacted Actuarial Careers, Inc., and invited them to write a blog post to provide you with tips on how to approach the difficult task of deciding between two job offers. We thank Actuarial Careers’ Robyn Taylor, Senior Vice President, for writing this post to share with members of CAS Student Central.  

So you just got your first actuarial job offer from Company A– congratulations!  You are ready to accept what you think is a terrific offer, and boom – you receive a call from Company B.  They are also offering you a job!  Now what was going to be a day for you to relax and enjoy a little downtime before you get to work, has become a stressful day of decision making.  Here are some important things to consider when deciding between two jobs – I call them the Four C’s.

49.jpgCompensation – What are they offering financially?  The base salaries offered by both companies may be similar, but you must also consider a few other factors.  Look at bonus potential (are you even eligible?), student program bonuses and raises for passing exams and receiving credentials, and company benefits.  What might seem like a similar pair of salaries may seem very different when you dive into the details.

careerpath.jpgCareer Path – Is there room at your potential employer for growth?  Will you be part of a rotational program or will you be slotted into a role for the foreseeable future?  Consider the size of the company and how actuaries move along their career path.  If the company is small you might not have the opportunity to move up.  If the company is large, you may be doing a very narrowly defined job that will not give you the skills to move forward.

17-110920-coworkers_who_follow_the_rules_may_be_the_most_toxic.jpgCompanionship – Did you like the people you met on your interview?  You will be spending a very large portion of your waking hours with your coworkers.  If you don’t like them, or there just aren’t many of them, you might find yourself miserable or just plain lonely.

iStock_79249531_SMALL.jpgCulture– Does the company culture fit your personality?   If you are the laid back type, you might not be happy at a company that has a high speed, constantly changing landscape.  Conversely, if you are a high-energy type-A personality, you might not enjoy working for a more conservative, slow paced organization.   This is a good topic for questioning during the interview stage, so you can truly understand the company you are working for and how you would fit in terms of temperament.


If you find yourself in the middle of deciding between two jobs – a good-bad situation if there ever  was one – thinking carefully and considering the Four C’s can help you discover your dream job.

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CAS Case Competition Toolkits – A New Resource Available To Run Your Own Competitions On Campus!

Case Competition Photo 1.jpgThe CAS has made it easier than ever to run an actuarial case competition for university students! With the help of practicing actuaries and some serious volunteer time, the CAS has developed two case competitions, complete with toolkits that offer you guidance and templates to run your own case competition.

If you don’t have experience with case competitions, you may be wondering why an actuarial student would benefit from participating in one. Others of you may already know that case competitions offer an excellent opportunity to gain practical experience as well as hone your analytical, leadership, and presentation skills. On top of that, employers will surely notice the addition to your resume.

Interested in learning more about the case competition materials we have to offer? We currently have two sets of materials for you to choose from.

The first competition, released last spring, focuses on an Auto Safety Features Case Study. The case challenges students to investigate whether a university that is replacing its aging fleet of autos should replace them with vehicles containing certain safety features. The case introduces concepts of loss development triangles, frequency and severity, and quantifying the financial benefit of new car safety features. Arizona State University and the University of Texas at Austin both ran the Auto Safety Features Case Competition last spring, and the Actuarial Students National Association (ASNA) selected the case for last year’s annual convention competition in Niagara Falls. You can read about these competitions in the Jul/Aug issue of the Actuarial Review.

The NEW competition released this month centers around a Workers Compensation Reserving Case Study. The case asks students to estimate the liabilities associated with all of a company’s workers compensation policies ever written, taking into consideration a catastrophic event that occurred at the company. The case focuses on reserving and introduces concepts of IBNR, loss development, severity, and ultimate costs.

The case competition toolkits offer a full set of materials to help universities plan and run their own case competition.

The Auto Safety Features Case Competition Toolkit contains:Case Competition Photo 2.jpg

The Workers Compensation Reserving Case Competition Toolkit contains:

If you are interested in organizing a case competition for your actuarial club, or would like to bring the idea up to your professors to facilitate a competition for your classmates, let us know. The CAS is available to provide support and guidance with your competition, including volunteer recruitment and event promotion.

The CAS University Engagement Committee’s Case Competition Working Group, chaired by Erin Olson, FCAS, developed the CAS Case Competition Toolkits.

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