International Graduate Trainee Programme
© Jana Gumprecht / Munich Re

International Graduate Trainee Programme

Pave your way into a career at Munich Re in one of our business units across the world.

Apply now

The ideal start to your career

Find out more about the experiences of former trainees at Munich RE.

Put theory into practice

Our International Graduate Trainee Programme is a fast-paced and exciting journey into one of the most varied and fascinating sectors out there – the world of reinsurance. As a trainee, you will experience the breadth and depth of a business that enables companies and individuals all over the world to pursue bold goals with confidence. 

As you rotate through departments, you will tackle real-world challenges in a supportive environment and with a global network of Munich Re experts at your finger tips. The programme is designed for maximum career impact. It takes you straight to the heart of your chosen career in insurance – as a risk analyst, underwriter, actuary, claims manager – or cyber, IoT or data analytics specialist. Focal points and training objectives vary from site to site and from business unit to business unit. 

Portrait Alex Neo
© Myrzik & Jarisch
As a trainee, you get plenty of learning opportunities collaborating with extremely supportive colleagues – this is something I wouldn’t trade for anything else.
Alex
Munich Re
International Graduate Trainee
24
Months
In the 24 months as a trainee, you can expect intensive training. By the end, your professional, methodological and social skills will have reached a level that will enable you to take responsibility at Munich RE.
3
Training modules
We believe in networking and sharing knowledge. In three two-week training modules you will meet and work with trainees from all over the world while growing your reinsurance know-how.
1
Foreign assignment
We open doors and horizons. The programme takes you abroad to one of our 50+ offices around the globe. A perfect opportunity to rapidly grow an international network. You choose the location from options available in your business unit.

The stepping stones to your professional success

Our trainee programme is ideal for you if you want to work in underwriting, actuarial science, and risk and financial analysis, or become a claims manager, cyber, Internet of Things, or data analytics specialist.

Your trainee programme starts in one of our specialist reinsurance divisions or in a central division at Munich Re. Over a period of 20 months, you will learn the practical basics of working in reinsurance and support experienced colleagues in innovative projects and their daily work. You will be an equal team member from the very beginning and support us at eye level.

Goal
Learning through experience and practice

Duration
approx. 20 months

Possible locations
Munich, Johannesburg, Milan, Princeton, Sydney, Singapore, Beijing, Hong Kong, Seoul or Tokyo 

Off-the-job training comes in various formats, from presentations to case studies, from workshops to e-learning courses. A high-impact learning format is Graduate Reinsurance International Development (GRID). All of our trainees from around the world attend three two-week GRID modules. This is where you grow your peer network, connect with colleagues and develop your communication, negotiation and social skills.

Objective
to learn with your peers and from experts

Duration
3 x 2 weeks  

Location
Munich or Princeton

Local modules round off the programme´s core curriculum. For example, you will actively gain additional experience and background knowledge in other departments or learn in seminars. Depending on your chosen career path, we will support you in expanding your language skills and acquiring additional professional qualifications, for example as a financial analyst (CFA), executive master of insurance (EMI) or actuary.

Goal
to acquire the necessary skills and certificates for your career path

Duration
varies between locations and business unit

Location
at your home location 

Your trainee programme will be complemented by ongoing training opportunities such as e-learning, networking activities and optional training in various languages. 

Over a period of three months, you will work closely with your international colleagues at one of our business units abroad. You will explore local business practices, gain insights into other work cultures and gain a better understanding of our international reinsurance business. This unique experience prepares you for the cross-border cooperation that characterizes our work at Munich Re.

Objective
to understand different perspectives and cultivate intercultural competence

Duration
12 weeks

Location
available options vary  

      
Garima Karki
© TBD
The 24-month trainee programme brings people of various backgrounds together. We get to create our own network, discover inherent skills and the learning curve escalates beyond one’s imagination. It is definitely one of the finest opportunities to start a career.
Garima
Munich Re
International Graduate Trainee

You want to become a trainee at Munich Re?

You are ready to start your career in the world of reinsurance and want to master practical challenges with expert knowledge? We look forward to meeting you!
Trendence Zertifikat: Faires Trainee-Programm 2020

Our International Graduate Trainee Programme received the certification as a Fair Graduate Programme by trendence, an independent consulting and market research company, with far above average results in comparison to other trainee programmes in Germany.

We can proudly say that we not only achieved very positive results in all areas of the survey, but could also exceed expectations of our trainees regarding the conditions and the corporate culture itself. 

Your possible places of work

As availability may vary from one country to another, please read up on opportunities, programme requirements and both the application and selection process at each site, here:

Our International Graduate Trainee Programme is designed to prepare you for the many challenges in the reinsurance business. It lays the foundation for your career in one of the most multifaceted sectors out there.

Requirements

  • University degree with above-average grades
  • Internship experience, ideally in insurance or the financial services sector
  • Intercultural experience earned during a stay abroad of at least several months
  • Excellent English language skills and, ideally, knowledge of another foreign language 
  • Communication skills, analytical strength, empathy and willingness to learn

Selection process
After we have received your documents, we will invite you via email to complete an online test. Selected candidates will continue to the next step of the process. It consists of an interview, followed by an individual evaluation at our assessment centre. If your skills and personality are a good fit for us, we will discuss with you when you can start to work for us. As a rule, you can enter theiat any time.

Application
Please apply for one of the jobs in our online job market and answer the questions asked there as accurately and thoroughly as possible. 

We are seeking innovative and highly talented candidates for our Munich Re International Graduate Trainee Programme, a scheme designed to attract recent college graduates and prepare them for future professional roles in the underwriting and actuarial fields.

If you are a strategic thinker, energetic, flexible and committed to excellence, you'll discover many exciting opportunities within the International Graduate Trainee Programme at Munich Reinsurance America, Inc.

Requirements

  • Bachelor’s or Master’s degree in actuarial science, risk management, mathematics, statistics, economics, finance, accounting or business administration
  • GPA of 3.25 or higher 
  • Demonstrated leadership abilities in college or community activities
  • Prior internships (at least one internship with a meaningful degree of responsibility)
  • Superior communication skills (oral and written)
  • Good interpersonal skills 
  • Willingness to work internationally
  • Preferred but not required:
  • Knowledge of other languages (basic knowledge of one foreign language or express willingness to learn a second language)
  • International experience (international internship, study abroad)
  • Please be aware that we require applicants from overseas to hold a valid work permit for the US

Selection process
The selection process involves several interview sessions.

Application
Please apply for one of the jobs in our online job market and answer the questions asked there as accurately and thoroughly as possible. 

Munich Re’s UK businesses take on only a small number of exceptional graduates each year within different business entities and divisions including; Actuarial, Finance, Claims and Underwriting. To maintain our leading position, we are selective about both technical aptitude and wider leadership skills.

The successful candidates join our two-year International Graduate Programme. The programme will prepare you for the diverse challenges of reinsurance business, and lay the foundations for your continued development in one of the most varied and fascinating industries.

Requirements

  • An above-average university degree (2:1 or higher)
  • Practical work experience, ideally in the insurance/financial industry, i.e. internship, part-time position, shadowing, volunteering 
  • Sense of responsibility and open mindedness proven by social activities and team work
  • Global mindset, i.e. keen to obtain international experience and a broader perspective 
  • Excellent English language skills and ideally another foreign language
  • Skills such as; Excellent communication ability, strong numerical and analytical skills, empathy and willingness to learn and a proficient user of Microsoft Office software

Application process
The application process involves three stages; completion and submission of an application form online (within 4-7 days you will receive a link to complete our online ability test, once received you have 6 days to complete otherwise your application will not be accepted), a one-day assessment centre and a second-stage interview with the recruiting manager.

Disciplines recruited from include; actuarial or other numerical degrees, business studies, economics, law or accounting/finance related degrees.

What we offer you

  • Competitive salary
  • Competitive and supportive study policy
  • Non-contributory pension
  • Private healthcare 
  • Travel insurance
  • Discretionary bonus
  • 25 days holiday
  • Travel ticket subsidy/leisure scheme/employee discunts 
  • Flexible benefits options

Simple steps for a successful application
The more pertinent your application is, the better your chances of success. Have you found a position on our website that matches your profile? Do the requirements correspond to your experience? Does the task reflect your professional expectations and goals? If so, then we look forward to receiving your application.

For positions in the UK, we prefer an online application so that your documents are examined and processed promptly. When completing the application form, ensure that every section is completed. Please make sure that you prepare each one of your application documents with due quality and care.

Your online application must include: 
Completed application form
Curriculum vitae
Covering letter (optional) 

Within 4-7 days of applying you will be sent a link to complete our online ability testing. You will have 6 days to complete this otherwise your application will not be accepted.

Assessment Centre
Our Graduate Assessment Centres run for a full day. The day will include a high-level introduction to Munich Re business from a senior representative and further info on our graduate programme before beginning the exercises. You can expect the following assessments throughout the day

  • Aptitude tests, e.g. actuarial test, verbal reasoning, case study exercise, etc.
  • Group exercise
  • Individual interview with 5-minute pre-prepared presentation

There will also be opportunities to meet previous and current graduates and other representatives within the business. 

Requirements

  • Strong analytical ability and a degree with above-average grades (Bachelor, Master, PhD) in mathematics, statistics, risk management, economics, law or another relevant field 
  • Some initial work experience
  • Strong communication skills in English and preferably in other languages as well
  • A team-player style and cross-border competency 
  • A global mindset and a desire to achieve in an international environment 

Selection process 
The selection process comprises several interview sessions.

Application
To apply at our Milan office, please browse our online job board for openings. For an unsolicited application, email your complete CV and a cover letter to Human Resources.  

Requirements

  • BSc/BSc Honours (Actuarial Science)
  • An excellent academic record
  • Some initial work experience
  • Strong communication skills in English and preferably in other languages as well 
  • A team-player style and cross-border competency
  • A global mindset and a desire to achieve in an international environment

Selection process
We hire several graduates each year. Based on their merits and performance during the first year, we choose individuals that have the opportunity to become part of the International Graduate Trainee Programme. 

Application
Please find our graduate trainee positions on our online job board. 

This may interest you

Application in times of Covid-19

The health of our employees but also of our applicants is our top priority. To reduce the number of COVID-19 infections and curb the spread of the virus, all of our interviews are currently conducted virtually.