Coaching Actuaries

Exam FM

Exam FM

Everything You Need to Pass

Coaching Actuaries gives you the tools to study smarter and pass the Financial Mathematics Exam.

Your Coaches

Here to Help

Meet our team of expert coaches who will guide you through
Exam FM.

Dave Kester, FSA, MAAA

Exam FM Video Coach
Attained FSA via the ILA Track

I’ve been helping aspiring actuaries for more than 20 years. When I’m not teaching, I like to read, run, and listen to good math stories. 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.

Content Team

Tong Khon Teh, FSA, CFA

Exam FM Product Manager
Attained FSA via the QFI Track

I have taught different undergraduate actuarial science courses and exam prep courses at Drake University since 2010. I received my FSA in 2016 and am currently the Product Manager for Coaching Actuaries overseeing FM, IFM, LTAM, and CFA courses. 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.

Exam FM Overview

What To Expect

Exam Details

35 Computer-based, multiple-choice questions

Registration Deadline

November 5, 2019 (Midnight CST)

Exam Duration

3 Hours

Next Available Sitting

December 10-21, 2019

Before the Exam

  • Exams You Should Pass First

    None. FM is an ideal first exam for aspiring actuaries, along with Exam P.

  • Exam FM Offerings

    FM is offered 6 times per year in the even months (February, April, etc.).

  • How Do I Register?

    1. Register online at www.soa.org before the registration deadline.
    2. Wait 3-5 business days to receive an email confirmation letter.
    3. Schedule a seat at a Prometric Center.

    Learn more about how to register for official SOA exams on their website.

  • Highest-Weighted Concepts

    Questions related to these concepts will appear the most on the exam.

    1. Annuities
    2. Loans
    3. Bonds
  • Tip from Coach Baron

    “Be friends with your BA II Plus calculator. Know how to use the TVM keys.”

Day of Exam

  • What to Bring:

    • A government-issued photo ID that includes a signature
    • Recommended Calculator: TI-30XS MultiView AND BA II Plus
      (See Other Options)
  • Tip from Coach K, FSA

    “Once you understand the basic principles and business terms, it’s a pretty “straight-forward” exam.”

  • Tip from Coach Baron

    “Two hours into the exam, I was struggling to recall formulas. 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. I got a 9.”

After the Exam

  • Getting Your Exam Results

    After you complete your exam, you will receive a preliminary Pass-Fail result. This is not your official final result.

    After approximately 8 to 11 weeks, the SOA will release the list of passing candidates' ID numbers. 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.

  • Next Steps

    Exam IFM is the logical next step after passing FM.

    If FM was the first exam you’ve taken, you might also consider Exam P, the other introductory exam.

Testimonials

Others who’ve passed

Study Plans

Finding The Right Answer