Summer 2027 Undergraduate Internship - Actuary
Posted Sep 21, 2026 · We last checked this listing on Oct 6, 2026
Likely interview questions for this role
Written from this job description, not a generic list. Each one notes what the interviewer is really checking.
About your past
Why actuarial work, and which exams have you passed or are you studying for?
What they are checking: Commitment to the actuarial path, since exam progress shows discipline and real interest in the career.
Tell me about a time you found an error in a spreadsheet or calculation. How did you catch it?
What they are checking: Attention to detail and checking habits, which matter a great deal in actuarial deliverables.
Tell me about a team project where you had to learn something new quickly.
What they are checking: Learning speed and teamwork in a program built around contributing as a valued team member.
How do you balance studying for an exam with a demanding schedule?
What they are checking: Time management that predicts how they will handle work and exams together as an actuary.
What do you hope to learn about consulting or benefits work this summer?
What they are checking: Whether they have specific goals and have thought about where actuaries fit at Fidelity.
What would you do
You're given a large data file of plan participants and some birth dates are clearly wrong. What do you do?
What they are checking: Data judgment and whether they flag and document problems rather than quietly guessing.
Your supervisor gives you an assignment with very little instruction. How do you get started?
What they are checking: Initiative and comfort asking clarifying questions without needing every step spelled out.
About the work
How would you explain present value to someone who has never heard the term?
What they are checking: Whether they truly understand a core actuarial concept well enough to explain it simply.
If interest rates go up, what happens to the value of a pension plan's liabilities, and why?
What they are checking: Basic grasp of discounting and liability sensitivity that underlies pension valuation work.
What Excel, VBA, Python or SQL skills do you have, and what have you built with them?
What they are checking: Practical tool skills that let an intern contribute to real projects during a ten-week program.
Practice this interview out loud.
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Practice this out loudThe full job description
As published by Fidelity Investments.