When I was preparing for the actuarial exams, there was nothing like Coaching Actuaries. Now, we combine teaching and technology to guide the next generation of actuarial students.

I have taught different undergraduate actuarial science courses and exam prep courses at Drake University since I love helping students understand challenging concepts and raise their odds in passing the exams! In my free time, I enjoy cross-training and hanging out with colleagues and friends over wine and beer. FM is an ideal first exam for aspiring actuaries, along with Exam P.

Learn more about how to register for official SOA exams on their website. I thought I was going to fail. But then I decided to just start writing down formulas as they came to me for each question, then solving them to see if my answer matched one of the possible choices.

After you complete your exam, you will receive a preliminary Pass-Fail result. This is not your official final result. A few days after this list has been published, you will be able to see your final score in your official SOA transcript when you log into the SOA website.

Exam FM. Our Process. View Pricing. Content Team. Exam Details 35 Computer-based, multiple-choice questions. Exam Duration 3 Hours. Next Available Sitting December How Do I Register? Register online at www. Wait business days to receive an email confirmation letter.He received his FSA in after passing all of his exams on the first attempts. He has instructed at TIA since and helped thousands of students in that time. Active dedicated course forum loaded with existing questions and answers on syllabus material and past SOA exam questions.

Instructors and our Support Team try to ensure everyone's questions are answered in a timely manner. James has created formula sheets for each section as a quick reference guide for you. They cover each formula used in that section giving details about the formulas and defining the variables. This course includes 6 sample exams with each question having a video solution walking you through the best way to solve it. These sample exams are created to give you a true sense of what you can expect exam day.

We even offer a computer based testing CBT version to simulate exam day conditions. As you complete lessons you will have the opportunity to test your new knowledge in our Problem System to help assess how well you understand the material. As your exam day approaches you should be spending a lot of time in this system working all the additional problems.

Download printable PDF handouts to follow along slide by slide through the lessons. An examples and exercises version is also available where we include just the portions of the videos where James is working problems with you. Take our videos with you everywhere you go and don't worry about a data cap or WiFi signal. Use our Learn app on iOS and Android to download lessons or solutions videos and have them right at your fingertips.

Watch our lessons and video solutions at your pace! When watching our videos on a desktop or our Learn App you can select the speed that makes the most sense for you. The variable speed increases all the way up to 2x. Built directly into the lessons, just enter the day you are going to start studying and select your exam day.

We will then populate a suggested completion date for every lesson and the sample exams to have you on track to pass! We also offer a downloadable spreadsheet version to customize yourself.Some of the links below are affiliate links, which means that if you choose to make a purchase, we will earn a commission, at no additional cost to you. We have experience with each of these materials, and we recommend them because they have helped us and many others pass exams.

These affiliate links keep our site running so we can keep offering free study tips and resources, so we appreciate your support if you choose to purchase through these links. Calculators The SOA has a list of approved calculators for actuarial exams. Out of that list, there are two worth considering. Regardless of which calculator you choose, you should bring two calculators on exam day. Think of it as cheap insurance. Get your calculator early so you can be comfortable using it by the exam date.

At the end of the day, being comfortable with your calculator is more important than choosing a particular model. Rather than drone on about calculator features, just know that the TIXS Multiview is the calculator of choice for most actuarial students. We only recommend this calculator for Exam FM.

It has unique functions to handle the concepts on FM e. A comprehensive study manual is the foundation to passing an exam. The ACTEX manual contains clear explanations of the material, practice problems, and full practice exams that mimic the difficulty of the actual exam. All the essentials. This is the cheapest and most effective way to get everything you need to pass the exam.

Older versions may contain sections and practice exams on material that is no longer tested on Exam P.

You can start with the ACTEX manual and see if you want to add the Adapt subscription for the extra boost as you get closer to the exam date. Why we recommend Actuarial Exam Tactics Actuarial exams require hundreds of hours of self-study.

Our most common reader feedback is that they wish they had this book earlier in their exam journey. The ASM manual contains clear explanations of the material, practice problems, and full practice exams that mimic the difficulty of the actual exam. Older versions may contain sections and practice exams on material that is no longer tested on Exam FM.

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You can start with the ASM manual and see if you want to add the Adapt subscription for the extra boost as you get closer to the exam date. Older versions may contain sections and practice exams on material that is no longer tested on Exam IFM. Older versions may contain sections and practice exams on material that is no longer tested on Exam LTAM. Older versions may contain sections and practice exams on material that is no longer tested on Exam STAM.

Don't reinvent the wheel. Join our community of actuarial students who are accelerating their exam progress. Recommended Study Materials for Actuarial Exams.Past exams are made available so that you can view and become familiar with the styles of question that you may face in your exam.

Make sure you log into the ACCA Practice Platform early in your studies - completing your practice in the CBE environment is the only way to fully prepare for your exam.

The materials on this page appear as they did when the exams were set and have not have been updated to reflect any changes in legislation or standards, or any changes to the syllabus or to the exam structure and question types. For this reason, past exams should always be used in combination with Specimen exams - these are published after any exam format changes and will always illustrate the most up to date format of the exams in both CBE and paper versions.

The best time to use past exams is after you have studied the full syllabus and are ready for some revision question practice. Past exams are an important part of your revision strategy but, as noted above, the specimen exam is also a key resource. It provides you with a clear picture of how the exams will be assessed and how the exam is structured - as well as the likely style and range of questions that you could see in the real exam.

In addition, updated versions of the questions and solutions, adapted to reflect the new exam structure can be obtained by purchasing a revision question and answer bank from ACCA's Approved Content Providers. A combined sample of constructed response questions will be published twice a year. Note that objective test questions are not published. A full exam is published after any change to exam format. As a new exam format was introduced in September with the introduction of CBEs, the CBE and paper exams were published in full for this session.

They cannot be published in any form paper or soft copyor sold for profit in any way, without first gaining the express permission of ACCA. Nor can they be used as examinations, in whole or in part, by other institutions or awarding bodies. Download PDF 3. Past exam library. Past exams Past exams are made available so that you can view and become familiar with the styles of question that you may face in your exam. You should also use past exams in combination with Examining Team Guidance, including Examiners' Reports and Guidance Articles In addition, updated versions of the questions and solutions, adapted to reflect the new exam structure can be obtained by purchasing a revision question and answer bank from ACCA's Approved Content Providers.

Answers to 11 common questions about Exam FM

Download past exam papers Questions. Exam support resources. Return to the exam resource finder to locate other materials to help with your studies. Search exam resources. Related documents.Most people are left in the dark prepping for actuarial exams, struggling to find the best way to tackle these behemoths. Some never discover a strategy that works. Study Materials Which study manual is the best?

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Should you add video lessons? Which calculator should you use? There are overwhelming options for study materials. Starting with the right study material is important, and it serves as the foundation for your study schedule. But as with any long-term planning, life gets in the way.

Check out our study schedule template below for tips on how to build a flexible schedule to set yourself up for success. Our schedule also focuses on the micro. How should your daily study session look? How much time do you dedicate to reading vs.

How should you incorporate breaks to improve learning and focus? The exam writers use the syllabus to communicate their expectations.

They lay out exactly what they want you to learn. Not only do they give you the main themes, but they assign a weighting to each section. Use the weightings to prioritize your time especially in the final review weeks.

In Actuarial Exam Tacticswe suggest frequently referring to the syllabus as you learn new concepts in the manual. This helps you build context for each topic. When is it used? How does it relate to the prior readings? And why would an actuary care? Remember that the syllabus is the ultimate guide for what you need to know on exam day. Keep it handy, and refer to it often. Learning how to learn. You can save literally hundreds of hours over the course of your actuarial exams if you use the right study strategies.

But even more importantly, the ability to quickly learn new material is one of the keys to success in your actuarial career.Being an actuary is probably the best profession to have in the United States. While this is a wonderful profession, candidates for it must pass a series of very challenging professional examinations. Most candidates find the experience of taking those examinations very frustrating and far more difficult than a typical university-level class.

There are several important reasons for this situation, and if you want to pass actuarial examinations, you should consider them:. Actuaries are responsible for massive amounts of other people's money.

How I used Adapt to Pass Exams P, FM, and MFE

Billions of dollars. It makes sense for actuarial examinations to have very high standards. And actuaries are paid very well, while having prestigious, comfortable jobs, with low stress levels, and no unemployment. There has to be a catch, and the catch is: it is hard, very hard, to become a fully qualified professional actuary. Despite massive spending on education in the United States, educational standards have been lowered over time.

If you went to high school in the United States, chances are you did not study any physics or calculus while being there. Even at the university level, where the United States remains the world leader, low standards in mathematics and science are creeping in. You may have to face the reality that while massive amounts of your own, your parents', and taxpayers' money were spent on your education, you did not learn enough mathematics and science.

If you want to be a respected actuarial professional, you must have the maturity to face your own weaknesses and overcome them. Learn to love studying mathematics and its business applications.

Be hungry for knowledge. This hunger will serve you well not just on the exams, but on the job, as well. Once you pass actuarial examinations, you will find that the rewards of actuarial work are truly great and satisfying. There are other professions that offer great careers: medicine, law, engineering, accounting. People who study those other professions work very hard and pay a lot of money for their education.

It takes far less money to become an actuary.Coaching Actuaries gives you the tools to study smarter and pass the Investment and Financial Markets Exam.

passed exam fm

I've been teaching actuaries how to pass exams for 20 years, and I've been close friends with Dave Kester for even longer. During my actuarial career, I've worked on everything from indexed annuity designs to investments to unique projects like life insurance policies for oil wells. I also run a company that makes specialized mobile tornado shelters. Much like Dave, I also just like to run.

I have taught different undergraduate actuarial science courses and exam prep courses at Drake University since I love helping students understand challenging concepts and raise their odds in passing the exams!

In my free time, I enjoy cross-training and hanging out with colleagues and friends over wine and beer. Exams P and FM. IFM uses probability and interest theory to create and price derivatives. Those concepts are also used in Corporate Finance and Portfolio Theory. This new exam has a blend of quantitative and qualitative questions. Put your focus on the material related to the learning objectives stated in the exam syllabus.

Several of the formulas are related. If you focus on the conceptual relationship between formulas, you'll be able to quickly derive the specific one you need on the exam.

That will drastically reduce the number of formulas you need to memorize for the exam. Solving a very easy problem correctly gets you the same number of points as solving a very difficult problem correctly.

SOA (Society of Actuaries) Information

Thus, you must be willing to skip a problem. If you read a problem and think that you may be able to solve the problem if you took some time on it, mark it and skip it. Apply this strategy to all the questions during the first round through. After that, come back to the questions that you've marked and attempt those questions in your second round through.

After you complete your exam, you will receive a preliminary Pass-Fail result. This is not your official final result. A few days after this list has been published, you will be able to see your final score in your official SOA transcript when you log into the SOA website.

Exam IFM. Our Process. View Pricing.


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