Choosing the right study material helps increase your chances of passing the actuarial FM exam. It’s one of the first exams for those who want to pursue a career as an actuary. Here are some of the main details to look for in an actuarial exam FM study manual.
Complete Coverage of the Exam Syllabus
The first feature to look for in a study exam is a thorough review of the entire exam syllabus. Your chosen study manual should cover all the topics covered by the real exam.
It should also offer easy-to-understand summaries of key concepts in each area of the syllabus. This ensures that you spend adequate time on each area.
Up-to-Date Content
Always use up-to-date content when searching for an actuarial exam FM study manual. The SOA regularly updates the exam, due to frequent changes in the financial industry. New regulations, best practices, and methodologies lead to changes in the exam.
High-Quality Practice Quizzes
Practice quizzes are an essential part of any study plan. Look for a manual with a wide range of questions. Working from a large pool of questions helps you more closely simulate exam conditions and avoid repeating as many questions as possible on follow-up practice exams.
Comprehensive Examples
Your study manual should also include access to detailed examples of the types of problems that appear on the real exam. They should cover a wide range of scenarios to give you a broad understanding of potential questions.
By ensuring that your study manual covers these areas, you can feel confident that you’re prepared for the actuarial FM exam.
