Society of Actuaries Membership: FSA or CERA?
First, what is an Actuary? An actuary is a professional who identifies and analyses the financial impact of various uncertainties. Actuaries apply mathematical, analytical and computer programming skills to come up with models that identify and manage potential risks. That…
Five Industries Actuaries Can Work in Apart From Insurance
For the actuarial profession, there is no denying that things are looking up – that is in terms of employment opportunities. According to the US Bureau of Labor Statistics, it is estimated that by the year 2028, the absorption of…
Derivatives – CFA Level 1 Essential Review Summary
Reading 48 – Derivative Markets and Instruments Derivative securities are an asset class where they derive (hence the name) their value from an underlying asset. These underlying assets can be financial assets like equities or bonds or real assets like…
Portfolio Management – Level I CFA® Program Essential Review Summary offered by AnaystPrep
Reading 51 – Portfolio Management: An Overview Portfolio management is about creating a diversified approach to meet one’s investment goals. Diversification involves avoiding too much exposure to a single asset or asset type. Diversifying the risks of a portfolio helps…
Alternative Investments – Level I Essential Review Summary
Reading 58: Introduction to Alternative Investments The CFA Program curriculum is always changing and this last reading of Level 1 has been completely overhauled by the Institute and is considered a new reading. There is only this one reading regarding…
SOA Exam IFM: Investment and Financial Markets
On your way to becoming an actuary, the Society of Actuaries (SOA) Exam IFM will most likely be your third actuarial exam. It is among the three preliminary professional tests (the other two being Exam P and Exam FM) that…
SOA Exam FM: Financial Mathematics
You’ll need to pass a total of 10 actuarial exams to be accredited as an actuary – life or non-life regardless. Of course, the exams will be unique to the actuarial discipline you choose except for the first three –…
Equity Investment – CFA® Level I Essential Review Summary – by AnalystPrep
Reading 36 – Market Organization and Structure Financial markets serve a wide variety of purposes, but there are six main categories of activity. They are used for Saving by individuals and organizations in order to grow their assets over time. Borrowing is also done…
Fixed Income – Level I CFA® Exam Essential Review Summary – offered by AnalystPrep
Reading 42 – Fixed-Income Securities: Defining Elements A bond is a debt instrument that entitles the buyer to future cash flows from the issuing entity. Bonds can be issued by a variety of organizations, including companies, governments, and even supranational…
Ethical and Professional Standards – Level I CFA® Program Essential Review Summary offered by AnaystPrep
Ethical and Professional Standards is a major part of the CFA Program curriculum at all three levels, so it is very important to learn this material well. CFA Institute places a high value on ethics, and even uses scores on…
