BOSTON (Sept. 16, 2020) – For the third consecutive year, Liberty Mutual Insurance has made Forbes magazine’s America’s Best Employers for New Graduates list. Liberty Mutual was one of 250 companies selected through a joint Statista/Forbes independent survey of more than 20,000 U.S. young professionals, defined as those with under 10 years of work experience, who work for companies employing at least 1,000 people in the U.S.
To attract and retain young professionals to the insurance industry, Liberty Mutual offers a wide range of externships and experiential learning programs in addition to its internships. These include:
- Student Diversity Summit: A full-day event supported by Liberty Mutual’s diversity and inclusion leadership to facilitate constructive dialogue among students surrounding topics in diversity, inclusion and the future of the workplace. Participants have numerous opportunities to network and interact with recent college hires, senior leaders and recruitment professionals.
- Summer Intern Program: This annual program was moved to a fully virtual summer internship in 2020 for over 400 undergrad interns and 60 graduate level interns. Virtual programming and support was increased to engage both interns and managers, including virtual wellness week, diversity and inclusion spotlight series, executive “ask me anything,” sessions intern giveback week, manager office hours and internal discussion boards for all. Interns were divided into smaller cohorts to help better replicate in-office camaraderie throughout the summer.
- Women in Technology Summit: An immersive three-day program for female students designed to empower, motivate and celebrate women pursuing a career in tech. The Women in Technology Summit was recognized by the National Association of Colleges and Employers (NACE) with the 2020 Recruiting Excellence Award. The NACE Awards honor members' outstanding achievements in the career services and HR/staffing professions. Excellence Awards are judged on program needs/objectives, content, design, creativity, innovation, measurable outcomes and ease of replication in a variety of categories.
- Undergraduate & Graduate Development Programs: These cohort-based experiential learning programs prepare new graduates to be future high-performing leaders through rotations and projects in different departments across Liberty Mutual. Each rotation or project provides the opportunity to build a new skill, acquire judgment, and broaden perspective in order to be successful at Liberty Mutual both today, and in the future. Rotations and project assignments are supported by a program curriculum of training and development specifically geared toward students’ chosen area of focus which include actuarial, analytics, finance, human resources, information technology and investments for undergraduates, and general management, leadership development data science and internal consulting for graduate-level hires.
- The MBA Recognizing Inclusion in Successful Enterprise (RISE) Program: A two-year program which kicks off with a multi-day summit designed to attract and retain top diverse MBA talent to Liberty Mutual by providing newly accepted MBA students support throughout their two-year MBA tenure. The support includes an assigned mentor with regularly scheduled meetings, virtual professional development opportunities and access to early interviews for summer internships. In 2020, we doubled the size of the program and included internal talent to support our internal mobility initiative.
- International Association of Black Actuaries (IABA) and the Organization of Latino Actuaries (OLA) Externship: A full-day event designed to help bring awareness and interest in the actuarial profession at Liberty Mutual. Students from IABA and OLA are given the opportunity to network and learn from a variety of actuarial employees, from recent hires to our chief actuaries.
- Association of Latinx Professionals for America (ALPFA) Externships: A half-day event supported by Liberty Mutual’s diversity and inclusion leadership to facilitate constructive dialogue among students surrounding topics in diversity, inclusion and the future of the workplace. Participants have opportunities to network and interact with employees, learn about the importance of D&I at Liberty Mutual, and connect with our Hispanic/Latinx, Amigos Employee Resource Group members.
To determine the list, Statista surveyed 20,000 Americans with less than 10 years’ professional experience working for businesses with at least 1,000 employees. All the surveys were anonymous, allowing participants to openly share their opinions. The respondents were asked to rate their employers on a variety of criteria, including safety of work environment, competitiveness of compensation, opportunities for advancement, effectiveness of diversity and inclusion efforts and openness to telecommuting. Statista then asked respondents how likely they’d be to recommend their employer to others, and to nominate organizations in industries outside their own. The final list ranks the 250 employers that received the most recommendations.
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About Liberty Mutual Insurance
At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people embrace today and confidently pursue tomorrow.
In business since 1912, and headquartered in Boston, today we are the sixth largest global property and casualty insurer based on 2019 gross written premium. We also rank 77th on the Fortune 100 list of largest corporations in the U.S. based on 2019 revenue. As of December 31, 2019, we had $43.2 billion in annual consolidated revenue.
We employ over 45,000 people in 29 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property.
For more information, visit www.libertymutualinsurance.com
