SCHOLARSHIPS

We are honored to be able to help students pursue their actuarial career through various scholarships!

ACADEMIC SCHOLARSHIPS

The Organization of Latino Actuaries (OLA) furthers its mission of increasing the number of Latine actuaries by awarding academic scholarships to Latines who will be attending a US college/university next school year and are interested in the actuarial profession.   The scholarship applications are open from January 1, 2024 through March 31, 2024.

Applications are evaluated on various criteria including, but not limited to, academic performance, commitment to pursuing the actuarial profession, exam progress, work experience, and leadership experience. Finalists for both the named and general scholarships are expected to be selected by mid-June.

In 2023, we awarded over $150,000!  Thanks to our Gold and Platinum sponsors, we are able to provide two types of scholarships (same scholarship application):

Named scholarships: Winners receive $5,000 and are guaranteed an actuarial internship for Summer 2025. Finalists for the named scholarship will be required to interview.  As of January 31, 2024, we have seven participating employers:  Deloitte, Liberty Mutual, Milliman, New York Life, Principal, Segal and Verisk; more to come!

General scholarships: Winners receive awards of various amounts. The top student will receive the “OLA Cresta Scholarship”, which is a $7,500 award. In Spanish, “ola” means wave, and “cresta” is the crest (top) of the wave. With this award, OLA will be recognizing top future Latine actuaries.  Note that a named scholarship recipient is eligible for the Cresta Scholarship, but the most OLA will award to an individual student is $7,500. Finalists for the general scholarship are not required to interview.

Academic scholarships are paid directly to the school.

Applications are open. The deadline to apply is March 31, 2024. 

Apply HERE!

Questions?  Submit your questions anonymously HERE.  You can also e-mail us at [email protected]

ACTUARIAL EXAM SUPPORT

Need financial help to buy study material for your actuarial exams?  OLA helps Latine actuarial candidates with the cost of study exam material for their three first exams: P/1, FM/2 and FAM (SOA route) or MAS-I (CAS route).  Apply HERE!  If it is your first time taking an exam, we recommend applying to our First Time Exam Taker Stipend, read below!

OLA launched a new exam program aimed to support Latine actuarial candidates who are pursuing the actuarial profession and have not yet begun to take exams. OLA awards a First Time Exam Taker Stipend to candidates who need financial support to get their actuarial exams started.  OLA is happy to be able to lessen the financial burden for candidates who need this aid so that they can focus on studying!  Apply HERE!

TRAVEL SCHOLARSHIPS

Travel with Latine Actuaries and aspiring actuaries (students and/or career changers) to Actuarial Events!

OLA awards one-time scholarships to candidates to attend conferences/conventions.  OLA covers travel, lodging and event expenses.  During these events, you will learn about the actuarial profession and network with credentialed actuaries, other actuarial prospects and actuarial employers!  Participants have been successful in getting interviews and landing internships or full-time jobs at these events!   OLA leadership members will mentor you before, during and after the events.

The conferences we are currently sponsoring students to attend are:

  • OLA’s Early Career Symposium (application now open!)
  • Society of Actuaries (SOA) Candidate Connect
  • Casualty Actuarial Society (CAS) Student Day
  • Conference of Consulting Actuaries (CCA)
  • ALPFA Convention (2024: Included in OLA’s Early Career Symposium)
  • GIS Conference
  • IABA Conference

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