@Etched Actuarial on a scale of 1 to 10 for difficulty to me it felt like a Level 6 and I did take and pass the exam while wearing a MASK the whole time. 30 questions I was able to solve easily in under 6 minutes. Many questions I only solved in 10 to 30 seconds. That just left 4 questions (excluding 1 pilot) that I think I had to really put a lot of time on. I saw 1 pilot question, the type that isn't even counted against you because it was completely off-course the FM syllabus. There may have been more than 1 pilot, it could have actually been 3 or 4 pilot questions, I think maybe 2 of the harder portfolio immunization questions were pilots. I saw 2 Redington or Full immunization questions that were very easy to solve because I just used the weight formulas given by ADAPT which is t2 minus tL over t2 minus t1 then apply that to the shorter bond.
What is the bare minimum knowledge that someone should have before they begin studying for an exam. So far, I have completed Pre-Calculus. Am I correct in assuming that I need to go a bit further in math before I begin studying?
Yes you will need to learn more. To have all the prior knowledge you need before taking the exam, you'd need Calc 1, 2 and 3. However you can learn many of the concepts yourself online. Khan Academy is great - if you have a good understanding of limits, integration, differentiation and series then you're good to go! (Note that you don't need to know any of those concepts using trigonometric functions). Here are the Khan Academy videos: www.khanacademy.org/math/calculus-all-old
I never took calculus nor precalc in high school. I graduated recently. I did take college/ AP statistics and did very well. I wanted to start studying for exam P and FM to eventually become an actuary. I saw your blogpost on using khan academy and skillshare to learn calc. If I use those resources should I be fine for calc? Or do you think I need a year of college calc to pass those exams?
You'd have to pass SOA (Society of Actuaries) exams. You can have a look at this post that goes through the steps to become an actuary here. etchedactuarial.com/steps-to-becoming-an-actuary/
Hi there! Sorry to hear your exam didn't go how you'd hoped :( I think this article will give you some helpful tips: etchedactuarial.com/failed-actuary-exam/
Hi I just discovered your channel and I want to ask that is it possible to exam p and fm without tuitions like just with the study material and if yes which books should I go for
Yes, it certainly is! But you do need to have a bachelors degree for employers to consider you. Here is my post about study material recommendations. Exam P: etchedactuarial.com/best-study-manual-for-exam-p/ Exam FM: etchedactuarial.com/best_exam_fm_study_guide/
Hi , I'm a new actuarial student. Is exam SRM and exam PA not available in the past like few years ago? I know it's kinda not related to this video😂, but I'm curious because that will make the actuarial exam journey becomes harder nowadays 😭
So let's say someone was making about $65,000 in Maine after earning their CFA, and that this person doesn't know calculus. How long do you think it would take for that person to make significantly more money as an actuary? Trying to figure out if it would be worth switching careers. Although my hunch is that it probably isn't worth it other than for the joy of challenging myself academically lol
You'll usually need 3-4 months per exam, so I definitely wouldn't recommend this! Check out this article on exam P to learn more: etchedactuarial.com/how-to-study-exam-p/
super pumped to see you back, Love your videos
Awesome tips, Brea. Glad to see a new video
Great video! Thank you for helping that much. Greetings from Mexico.
Glad it helped Carlos! :)
Great succinct info, wish me luck in 14 weeks!
Good luck!
So happy to see your new video! Wish to see some tips abt IFM!
I passed FM today
Congrats!! Was it hard?
@Etched Actuarial on a scale of 1 to 10 for difficulty to me it felt like a Level 6 and I did take and pass the exam while wearing a MASK the whole time.
30 questions I was able to solve easily in under 6 minutes. Many questions I only solved in 10 to 30 seconds. That just left 4 questions (excluding 1 pilot) that I think I had to really put a lot of time on.
I saw 1 pilot question, the type that isn't even counted against you because it was completely off-course the FM syllabus. There may have been more than 1 pilot, it could have actually been 3 or 4 pilot questions, I think maybe 2 of the harder portfolio immunization questions were pilots. I saw 2 Redington or Full immunization questions that were very easy to solve because I just used the weight formulas given by ADAPT which is t2 minus tL over t2 minus t1 then apply that to the shorter bond.
@@elliottlastnameblank7916 I'm happy you passed despite the difficulties! Great work!
Hey nice to hear to that
I just failed my FM exam any suggestions for the next attempt
You are smart, beautiful and the best of all, you are an actuary!
Thanks! Glad they're helpful for you. :)
What is the bare minimum knowledge that someone should have before they begin studying for an exam. So far, I have completed Pre-Calculus. Am I correct in assuming that I need to go a bit further in math before I begin studying?
Yes you will need to learn more. To have all the prior knowledge you need before taking the exam, you'd need Calc 1, 2 and 3. However you can learn many of the concepts yourself online. Khan Academy is great - if you have a good understanding of limits, integration, differentiation and series then you're good to go! (Note that you don't need to know any of those concepts using trigonometric functions). Here are the Khan Academy videos: www.khanacademy.org/math/calculus-all-old
I never took calculus nor precalc in high school. I graduated recently. I did take college/ AP statistics and did very well. I wanted to start studying for exam P and FM to eventually become an actuary. I saw your blogpost on using khan academy and skillshare to learn calc. If I use those resources should I be fine for calc? Or do you think I need a year of college calc to pass those exams?
If you understand up to calc 3 then you should be fine. So series, limits, integration (single, double), differentiation.
Etched Actuarial wait so is college calculus necessary or can I self teach?
@@judithben1647 You can self teach.
hi, i am from Mexico, i am studying Actuary at UANL in Monterrey, Nuevo León, Mexico, what do i need to work in US or Canada like Actuary?
You'd have to pass SOA (Society of Actuaries) exams. You can have a look at this post that goes through the steps to become an actuary here. etchedactuarial.com/steps-to-becoming-an-actuary/
@@EtchedActuarial Is more difficult get job there if I am foreigner?, Do you know mexican people working as actuary in Canada?
Hi ma'am can give some very helpful tricks to keep in mind as i just failed my fm exam
How do i prepare for next attempt
Hi there! Sorry to hear your exam didn't go how you'd hoped :( I think this article will give you some helpful tips: etchedactuarial.com/failed-actuary-exam/
Hi
I just discovered your channel and I want to ask that is it possible to exam p and fm without tuitions like just with the study material and if yes which books should I go for
Yes, it certainly is! But you do need to have a bachelors degree for employers to consider you. Here is my post about study material recommendations.
Exam P: etchedactuarial.com/best-study-manual-for-exam-p/
Exam FM: etchedactuarial.com/best_exam_fm_study_guide/
Hi , I'm a new actuarial student. Is exam SRM and exam PA not available in the past like few years ago? I know it's kinda not related to this video😂, but I'm curious because that will make the actuarial exam journey becomes harder nowadays 😭
No they were introduced within about the past year (maybe past 1.5 years)!
To me, ASM and Actex are really hard than the actual exam. I passed exam P in November 2020
Congratulations! It's always better to be overprepared than underprepared :)
So let's say someone was making about $65,000 in Maine after earning their CFA, and that this person doesn't know calculus. How long do you think it would take for that person to make significantly more money as an actuary? Trying to figure out if it would be worth switching careers. Although my hunch is that it probably isn't worth it other than for the joy of challenging myself academically lol
Tough question with lots of variables! DW Simpson has some good salary surveys for actuarial salaries by exam and state: www.dwsimpson.com/salary
How many years it takes to clear all exams
for most people 5-10 years.
can i pass fm and p in 2 months only
You'll usually need 3-4 months per exam, so I definitely wouldn't recommend this! Check out this article on exam P to learn more: etchedactuarial.com/how-to-study-exam-p/
I need a P paper course ( video lectures) if any body have..so help me
Can l pass CS1 in 1 month?
Unfortunately I'm not very familiar with that exam. It's likely possible but a difficult goal to achieve.
😻