Is SOA exam FM hard?

How hard is Exam FM? The concepts on Exam FM are not that hard to understand. If you’ve chosen good study materials (here are my recommendations) then the exam topics will be explained very clearly. The harder part is trying to do questions within such a short time limit (about 5 minutes).

How long is SOA exam FM?

3-hour
Exam FM is a 3-hour long exam that consists of 30 multiple-choice questions. Just like the P exam, it is a computer-based exam.

Can I take exam FM first?

In summary, if you’ve taken calculus courses that taught double integration then take Exam P first. If you’ve learned about the time value of money, take Exam FM first. If you’ve learned both or neither, start with FM because it’s probably going to be easier of the two.

Can I pass FM in a month?

My suggestion would be to spend about 150–180 hours preparing for F9 (or FM as it’s now called). So if you can study for about 2 hours + every day, then you should be able to attempt the exam in 3 months. You can use the latest study text (BPP or Kaplan) to supplement your knowledge that you learn in the lectures.

Is FM or P easier?

Most people find Exam P to be harder than FM because of all the calculus that it involves. So, for most people, I recommend taking Exam FM as your first exam.

How can I pass FM?

How to Pass the ICAEW ACA Financial Management (FM) Exam

1. Break the ICAEW Workbook down into examinable areas.
2. Understand the key technical knowledge for each examinable area and leverage the overlaps between areas to save time.
3. Memorise the key technical knowledge for each examinable area.

What is the most difficult actuarial exam?

I have no experience with any other professional qualification exams, so I cannot answer your question very directly. I would say that the CAS exam system was the most challenging part of my career as an actuary.

What is a passing score for exam FM?

For Exam P the pass mark is usually about 19/30, for Exam FM it’s about 25/35, and for Exam MFE it’s about 15/25. A score of 6 means you met the pass mark and answered the exact number of questions (100% of what you needed to get correct) required for a passing score.

Is ACCA FM hard?

Can the ACCA F8 paper be studied and practiced well in 1 month? F8 Audit and Assurance paper is judged to be one of the toughest papers, as it has got a pass rate of only 36%–38%.