Coaching Actuaries gives you the tools to study smarter and pass the Investment and Financial Markets Exam.
Meet our team of expert coaches who will guide you through
Mike Carmody, FSA, MAAA, CFAExam IFM Video CoachAttained FSA via the QFI Track
I've been teaching actuaries how to pass exams for 20 years, and I've been close friends with Dave Kester for even longer. During my actuarial career, I've worked on everything from indexed annuity designs to investments to unique projects like life insurance policies for oil wells. I also run a company that makes specialized mobile tornado shelters. Much like Dave, I also just like to run. Finance is a huge passion of mine, and I like to bring that out in my video lessons for IFM, VEE, and the CFA exams.
Tong Khon Teh, FSA, CFAExam IFM Product ManagerAttained 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.
30 Computer-based, multiple-choice questions
October 22, 2019 (Midnight CST)
November 21-27, 2019
IFM is offered three times per year, in March, July, and November.
Learn more about how to register for official SOA exams on their website.
Questions related to these concepts will appear the most on the exam.
"Make sure you have a deep understanding of the exam concepts. This new exam has a blend of quantitative and qualitative questions. Put your focus on the material related to the learning objectives stated in the exam syllabus."
"There are many formulas on this exam, but you don't need to memorize all of them. Several of the formulas are related. If you focus on the conceptual relationship between formulas, you'll be able to quickly derive the specific one you need on the exam. That will drastically reduce the number of formulas you need to memorize for the exam."
"The goal in the exam is to get enough questions correct to pass. Keep in mind that all questions in the multiple choice exams count the same. Solving a very easy problem correctly gets you the same number of points as solving a very difficult problem correctly. Thus, you must be willing to skip a problem."
"If you read a problem and don't understand it during the first read, skip it. If you read a problem and think that you may be able to solve the problem if you took some time on it, mark it and skip it. Apply this strategy to all the questions during the first round through. After that, come back to the questions that you've marked and attempt those questions in your second round through."
Unlike some of the other CBT exams, IFM currently does not give you an unofficial Pass-Fail result immediately after you finish. (The SOA has stated that instantaneous results will eventually be available.)
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.