Actuarial Exams – Complete Courses for Exams P & FM
- Video Lessons 40+ hours
- Question Bank 1,600+ questions
- Students Enrolled 3,500+
Exam P (Probabilities) by the Society of Actuaries focuses on probability tools used for assessing insurance risk and financial risk. The application of calculus to problems encountered in actuarial science is emphasized and the understanding of different types of distribution functions is a focal point. Exam FM teaches the rudimentary aspects of financial mathematics, and how those theories are applied in calculating present and accumulated values for various financial instruments such as bonds and interest rate swaps. AnalystPrep’s SOA exam-style question banks only include high-quality questions that replicate the difficulty of the actual actuarial exam you’re studying for.
Stephen Paris, PhD, ASA
Original price was: $649.00.$549.00Current price is: $549.00.
Course Features
- 40 Hours of Video Lessons for Exams P & FM
- 600 Pages of Study Notes for Exams P & FM
- 1,600 Practice Questions for Exams P & FM
- Unlimited Customizable Quizzes
- Performance Tracking Tools
- Unlimited Ask-a-Tutor Questions
- Lifetime Access + Curriculum Updates Every Year
Course Overview
About SOA Exam P
Exam P is a 3-hour long exam that consists of 30 multiple-choice questions. It is a computer-based exam. Each question is accompanied by 5 unique choices: A, B, C, D, and E. Given your right/wrong answer in each of the questions, you will be given easier or harder questions going forward. As such, each candidate will have a different set of 30 questions.
Exam P is focused on mastering probability concepts used in assessing financial risk. Knowledge of calculus and basic knowledge of insurance and risk management is assumed.
What are the Three Main Topics?
There are 3 board topics: (1) General probabilities, (2) Univariate random variables, and (3) Multivariate random variables. Each topic has several learning objectives around which the exam is concentrated. An example of a learning objective would be: “Explain and calculate variance, standard deviation, and coefficient of variation given univariate random variables.”
1. General probabilities: 10-17%
2. Univariate random variables: 40-47%
3. Multivariate random variables: 40-47%
About SOA Exam FM
Exam FM is a three-hour, 35 multiple-choice questions exam designed to test your knowledge of fundamental concepts of financial mathematics. SOA Exam FM’s syllabus comprises 8 topics and each one of them contributes a certain percentage of questions to the exam.
What are the Three Main Topics?
The first fours topics are quite straightforward and most actuarial students should have seen the most part of this in their undergraduate degree:
- Time value of money (10-15%)
- Annuities/cash flows with non-contingent payments (15-20%)
- Loans (10-20%)
- Bonds (10-20%)
The next two topics relate mostly to the investment world and can be a little more tricky for actuarial students:
- General cash flows and portfolios (15-20%)
- Immunization (10-15%)
And the last two topics are based on interest rate and interest rate theory, but weigh a bit less on the overall exam:
- Interest rate swaps (0-10%)
- Determinants of interest rates (0-10%)
Here, it is important to note that having great fundamentals in the first few topics will help you solve more easily questions from the later topics.
Course Curriculum
We at AnalystPrep believe in transparency. Feel free to check out some of our free videos below. We are sure you will love them.
- Lesson 1 General Probability (10 videos)
- Lesson 2 Univariate Random Variables
- Lesson 3 Multivariate Random Variables
- Lesson 1 Time Value of Money (24 videos)
- Lesson 2 Annuities/cash flows with non-contingent payments (22 videos)
- Lesson 3 Loans (11 videos)
- Lesson 4 Bonds (9 videos)
- Lesson 5 General Cash Flows and Portfolios (12 videos)
- Lesson 6 Immunization (6 videos)
- Lesson 7 Interest Rate Swaps (5 videos)
- Lesson 8 Determinants of Interest Rates (1 video)
Stephen Paris, PhD, ASA
Professor Paris has taught college-level classes for many decades. With a clear passion for teaching, Professor Paris has worked in the actuarial exam preparation industry for years after earning his ASA designation in 2010. His resume also includes:
☑ B.S., Mathematics, Louisiana Tech University, Ruston, Louisiana – 1988
☑ M.S., Mathematics, The Florida State University, Tallahassee, Florida – 1991
☑ Ph.D., Mathematics, The Louisiana State University, Baton Rouge, Louisiana – 1995 (Dissertation: Link Theory: Applications to Real Algebraic Curves)
☑ Has taught at different universities across the U.S.
Reviews 44
Pratham K.2024-07-11 13:43:13
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Just wanted to say thank you to everyone at Analystprep for helping me pass the CFA level 1 examination. Professor James Forjan is a very charismatic lecturer who can make these topics interesting and explains the key points well. The question bank is large and a valuable resource for exam preparation. [ ... ]
Bill B.2022-05-18 08:22:51
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"Before I came across this website, I thought I could not manage to take the CFA exam alongside my busy schedule at work. But with the up-to-date study material, there is little to worry about. The Premium package is cheaper and the questions are well answered and explained. The question bank has a wide range of examinable questions extracted from across the whole syllabus. Thank you so much for helping me pass my first CFA exam."
Aadhya Patel2018-10-16 18:21:06
"Good Day! I cleared FRM Part I (May-2018) with 1.1.1.1. Thanks a lot to AnalystPrep and your support. Regards,"
Justin T.2017-09-28 07:55:56
“@AnalystPrep provided me with the necessary volume of questions to insure I went into test day having in-depth knowledge of every topic I would see on the exams.”
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“I bought their FRM Part 1 package and passed the exam. Their customer support answered all of my questions when I had problems with what was written in the curriculum. I'm planning to use them also for the FRM Part 2 exam and Level I of the CFA exam.”
Jordan Davis2017-09-27 08:52:35
“I bought the FRM exam premium subscription about 2 weeks ago. Very good learning tool. I contacted support a few times for technical questions and Michael was very helpful.”
Abdulgadir M.2024-08-11 17:55:47
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