Math degree + insurance industry = job opportunities

By on November 20, 2013 at 10:59 AM

Posted in: Working at GEICO

GEICO Math Careers IconWondering how to use your love of numbers after graduation? Curious about what career opportunities there are for math majors? If you haven’t thought about a career in insurance, maybe you should.

Insurance is a complex industry overflowing with all sorts of numbers:  loss frequency and severity, underwriting ratios, expense ratios, costs, profits, losses, rates and the list goes on. All these numbers need to be analyzed, organized and properly assessed, which is exactly why math majors can do well in the insurance industry.

CAREER PATHS FOR MATH MAJORS

Often times, math majors will consider a career as an actuary. At GEICO, we frequently hire math majors as Actuarial Assistants in our pricing department to help our company determine how we set insurance rates. Actuaries also work in our reserving department and help us determine how much money to keep in the GEICO “piggy bank” to pay out future claims.

One key to an actuary’s career success is passing a series of exams. For actuaries working in property and casualty insurance, like GEICO, the exams are through the Casualty Actuarial Society. We will help support you throughout the exam process by offering paid study hours, financial support and even first-time passing bonuses!

Many insurance companies will also hire math majors to work as analysts within a variety of departments. GEICO hires motivated college graduates with a mind for math, finance and economics as analysts in underwriting, product management and other key areas.

Big data, little data – in insurance, there’s a mountain of data to keep math majors engaged and challenged. If you’re thinking about careers in math, then we want you to think about working in insurance. Better yet, think GEICO.

LAUNCH YOUR CAREER IN MATH AT GEICO

We’re hiring math majors for entry level actuary and analyst careers in our Washington, D.C., area corporate headquarters. Math majors can also get on the fast-track to management by joining one of GEICO’s leadership programs, offered in major office locations across the country. Apply today by completing GEICO’s online job application and uploading your resume.

7 responses to “Math degree + insurance industry = job opportunities

  1. Fred Gerken says:

    I looking for a career change and would like to know what opportunities exist at GEICO. I have a BS in mathematics and an MBA in Finance. I have worked in the Finance, Manufacturer and Health Care industries. I can provide a resume upon request.
    Thank You
    Fred Gerken

  2. GEICO Careers says:

    Hi Fred – We will email you and ask that a recruiter get in touch soon. Thank you for reading and commenting!

  3. Kirk Datilus says:

    I’m looking for a great career opportunity and would like to know about all the excellent opportunities that Geico offers. I have a Bachelor of Science in Finance. I have worked with a financial services company in addition to having managerial experience with one of the major rental car companies. I have set up a profile in the careers section. Thank you for your time and cooperation.
    Sincerely, 
    Kirk Datilus

  4. Harvey Fischer says:

    I am retired from Civil Service, but passed 2 actuarial exams. I am looking for a
    job where I can use  my mathematical skills. It can be as underwriter, actuarial assistant or
    business economist.

  5. Kavitha says:

    Hello,
    I’m looking for a career change and would like to do actuarial course.
    I’m M.Sc. Math and MBA in HR. I’ve worked in teaching Math.
    Could you please let me know the opportunites available at GEICO to become an actuarial analyst? I can provide the resume upon request.
     
    Thank You
    Kavitha
     

  6. GEICO Careers says:

    Hello, I’m looking for a career change and would like to do actuarial course. I’m M.Sc. Math and MBA in HR. I’ve worked in teaching Math. Could you please let me know the opportunites available at GEICO to become an actuarial analyst? I can provide the resume upon request. Thank You Kavitha
     
    Hi Kavitha – We have sent your message to one of our DC area recruiters and she will follow up with you via email. Thanks for your interest in GEICO.

  7. Filiz says:

    Hi,
    U.S. work authorization is listed as a requirement, but I still would like to ask if there is any possibility to get a visa sponsorship. I’m a college instructor with PhD in Math, considering a career change and have the first 2 SOA exams passed.
    Thanks,