Location Designation: Hybrid - 3 days per week
Shape your future with a dynamic internship experience at New York Life. We offer opportunities across a variety of exciting businesses. Your internship journey is designed to challenge you through hands-on work experience that will equip you with valuable skills. You will build your network through collaboration and connection with talented interns and experienced employees through team-building activities, mentorship programs, and fun social events. By the end of your internship, you'll be equipped with new skills and a network that will propel you forward in your career journey.
Role Overview:
Actuaries at New York Life are actively involved in many aspects of the company's operations, including the design and pricing of products, the evaluation of the company's financial results, and setting the strategic vision of the company. We provide our actuarial interns with challenging actuarial projects to expose them to the theoretical and practical applications of actuarial science.
New York Life's Summer Actuarial Internship Program for 2027 is a structured, 12-week program running from May 25th to August 12th. Our internship provides students with the opportunity to participate in challenging assignments and practical on the job experience with technical skills classes (actuarial modeling software, Excel/VBA, Python), weekly lecture series that offer exposure to different actuarial functions and opportunities to meet NYL actuaries in senior management.
The program will also provide students with the opportunity to participate in the following:
- A small group meeting with NYL's Chief Actuary
- Attendance at all full-time actuarial student meetings and training sessions
- Individual meeting with an executive actuary
- An assigned actuarial mentor
- Sponsored social events
- Prospect of securing a full-time position with New York Life
Positions may be available in our NYC office with subsidized housing provided.
What You'll Do:
A summer intern's job responsibilities are dependent on placement and may include, but are not limited to, assisting with:
Developing premiums and benefits for new or enhanced insurance and annuity products
Projecting profitability generated by the company's products
Quantifying the company's risk exposure and proposing ways to minimize risk
Performing actuarial and statistical analytics
Optimizing actuarial processes
What You'll Bring:
You bring strong technical skills including knowledge of modeling packages, programming languages, spreadsheets, and database software.
You'll have excellent written and oral communication skills, a strong desire to learn and identify improvement opportunities, and the ability to think strategically and analytically.
Required Skills:
Rising junior or senior, or a recent college graduate, working towards a Bachelor's degree with an accredited college or university (preferred majors in Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance)
Preferred Skills:
Cumulative GPA of 3.0 or higher
Credit for one or more Society of Actuaries exams (working toward ASA/FSA designation)
Applications will be reviewed on a rolling basis.
Pay Transparency
Salary Range: $29-$34/hour
Overtime eligible: Nonexempt
Discretionary bonus eligible: No
Sales bonus eligible: No
Actual base salary will be determined based on several factors but not limited to individual's experience, skills, qualifications, and job location. Additionally, employees are eligible for an annual discretionary bonus. In addition to base salary, employees may also be eligible to participate in an incentive program.
Our Diversity Promise
We believe in a diverse workforce because it is our mission to advocate for the financial security and success of people in every community. This is why diversity, equity, and inclusion (DEI) are guiding principles that are embedded in our brand and our culture. Click here to learn more about how we have been recognized for our leadership.
Recognized as one of Fortune's World's Most Admired Companies, New York Life is committed to improving local communities through a culture of employee giving and volunteerism, supported by the Foundation. We're proud that due to our mutuality, we operate in the best interests of our policy owners. To learn more about career opportunities at New York Life, please visit the Careers page of www.NewYorkLife.com.
#BI-Hybrid
Skills Required
- Rising junior or senior, or recent college graduate working toward a Bachelor's degree
- Strong technical skills with modeling packages, programming languages, spreadsheets, and database software
- Excellent written and oral communication skills
- Ability to think strategically and analytically and eagerness to learn and improve processes
- Preferred majors: Actuarial Science, Computer Science, Data Science, Mathematics, Statistics, Engineering, Economics, or Finance
- Credit for one or more Society of Actuaries exams (working toward ASA/FSA)
- Cumulative GPA of 3.0 or higher
What the Team is Saying
What We Do
At New York Life, our 180-year legacy of integrity, mutuality, and financial strength fuels a future defined by bold transformation. As the largest mutual life insurance company in the U.S., we operate on behalf of our policy owners—not shareholders. That structure allows us to take a long-term view, investing in people, purpose, and innovation that endures. Guided by a clear enterprise vision to become a technology-, data-, and AI-powered company, we’re modernizing our platforms, rearchitecting experiences, and embedding intelligence across our products and services. Our mission has always been about helping people through life’s most meaningful moments. Today, technology is amplifying that mission—enabling us to serve clients, advisors, and communities in more personalized, proactive ways. With a diversified business portfolio spanning insurance, investments, retirement, group benefits, and direct-to-consumer offerings, New York Life delivers the stability of a Fortune 100 company with the agility of one that’s continuously evolving. We’re powered by a values-led culture, inclusive teams, and a shared belief that when our people thrive, so does our company. Here, tradition fuels momentum—and your ideas, energy, and growth power what’s next.
Why Work With Us
New York Life is transforming from the inside out—blending 180 years of trust with the velocity of innovation. What makes us different is our culture: grounded in integrity, humanity, and shared success—values that show up in how we work, lead, and grow. If you want a place where innovation has purpose—build what's next with us.
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New York Life Insurance Company Teams
New York Life Insurance Company Offices
Hybrid Workspace
Employees engage in a combination of remote and on-site work.
