Introduction of SOA Exam IFM
SOA Exam IFM Q & A
2020 is a year I really want to skip. Who thought that an unprecedented pandemic could occur in a short period of time while the world was facing a large number of confirmed cases at the same time, but still doing its best? I researched antiviral vaccines. For everyone, the virus has killed lives in the past and is now hard to stay home every day. The difficulty is the progress of the SOA exam.
The original plan was to pass at least three SOA exams in 2020, but this plan was interrupted by the raging COVID-19. Only the following two SOA exams have been completed.
Of course, in addition to these two SOA exams, I also earned three VEE certifications through my college subject scores. they are:
We are currently preparing for SOA Exam LTAM, STAM, and SRM. Reference materials are also ready, and the rest can be studied hard and wisely.
Before we dive into the details, let's first understand what SOA is and the SOA Exam IFM: Investment and Financial Markets .
The SOA Exam IFM is one of the first exams of the North American Actuary Association. It is usually recognized as an exam after the Exam P & Exam FM exam. This exam is primarily aimed at developing a deep knowledge and rationale for candidates for various financial and financial models and corporate finance, and for understanding and understanding the application of the model in the insurance industry and other financial or financial risks. It is said.
Simply put, it's a cognitive test of corporate finance and financial models.
The exam IFM is the same as the previous Exam P & Exam FM, which is a 3-hour exam , with 30 questions and multiple choices.
Before taking the exam IFM, you need to understand the following:
Knowledge of calculus
Probability (Test P)
Basic corporate finance (VEE accounting and VEE corporate finance)
Interest theory (test FM)
How to Pass the SOA Exam IFM
When preparing to pass the exam IFM, there are two main reference materials or study manuals. ASM learning manuals and coaching actuary textbooks and videos. Of course, there are additional educational personnel offered after the exam IFM exam syllabus on the official SOA website.
Exam IFM I spent about 6 months . Some of the time is free, but it is between 3 and 5 months to prepare for completing the exam.
I will explain the details of the schedule later, but I started preparations after finishing the test FM in February 2020, and stopped preparations in June. After that, I continued preparations in October and finally passed the examination IFM in early December of the same year.
For the first four months I read the entire ASM exam IFM study manual , and for the next two months I read information about coaching actuaries, especially video education.
I will use 8 articles to record all the processes and interesting facts about how to prepare and pass the exam IFM. (Quietly, when I took the exam, I not only completed the exam, but also printed most of the questions on the test strip in my head.)
If you have any questions, please ask in the message area below or send a private message on the contact page.
I hope you can pass the SOA exam.
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