How do I study for the actuary P exam?

How do I study for the actuary P exam?

How to Study for Exam P

1. Step 1: Pick a good study guide. There are 4 primary study guides that I recommend for Exam P.
2. Step 2: Create a study schedule. This is easy, because I’ve got an Exam P study schedule here that you can follow.
3. Step 3: Follow the study process.
4. Step 4: Exam day.

Is exam p easy?

Very very hard. The preliminary exams are 3 hours long, consisting of 30-35 multiple choice problems, and the pass rate is typically only 30-40%. As a result of the overwhelming amount of material, one frequently asked question among student actuaries is for a good study method.

Is Goal good for exam p?

They both have many great features. In particular, I love that they include GOAL. GOAL is an online program with over 1200 practice problems for Exam P. You can use it to take practice exams in simulated exam conditions, or to quiz yourself on topics that you’re having difficulty with.

How long does it take to study for actuarial exam P?

Preparation is key. While everyone studies differently, the typical candidate studies about 100 hours for every hour of the exam. For example, exam P/1 is a three hour exam. That means you will be hitting the books for 300 hours to fully master the concepts tested on that exam.

Is exam P multiple-choice?

If you’ve already started studying, you probably know that both Exam P and FM are multiple choice exams. There are 30 questions on Exam P and 35 questions on Exam FM. Each question offers 5 different multiple choice answers.

What is passing for exam p?

There are 30 questions on Exam P. Your Exam P performance is scored on a scale of from 0 to 10, 10 being the best. You need to score at least a 6 to pass. But that doesn’t mean that you need to just get 60% of the questions right.

What is CT1 exam?

The aim of the Financial Mathematics subject is to provide a grounding in financial mathematics and its simple applications. CT1 is one of the nine Core Technical (CT) subjects. Students need to pass or obtain exemptions from all of the CT subjects.

How often is exam P offered?

6 times per year
Exam P Offerings P is offered 6 times per year in the odd months (January, March, etc.).

What is a passing score on actuarial exam P?

For the January 2021 administration of Examination P, an average of 71% correct was needed to pass the exam.