Coaching Actuaries

Exam ALTAM

Exam ALTAM

Everything You Need To Pass

Coaching Actuaries gives you the tools to study smarter and pass the Advanced Long-Term Actuarial Mathematics Exam.

Your Coaches

Here To Help

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

Dave Kester, FSA, MAAA

Exam ALTAM 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.

Product Team

Jia Bin Ho, ASA, CFA

Exam ALTAM Product Manager
Pursuing FSA via the QFI Track

I graduated from Drake University in 2012. I'm a math geek who likes to travel. My favorite place I've been to is New York City for all the different museums! One of my bucket list items is to visit every state in the US.

Exam ALTAM Overview

What To Expect

Exam Details

Written-Answer Questions, Administered by Prometric

  • Questions and formula sheet shown on computer
  • Answers written in paper booklet
  • Scratchpad will be provided
  • Excel workbook available but not submitted for grading

Registration Deadline

March 27, 2023 (Midnight CST)

Exam Duration

3 Hours

Next Available Sitting

April 25, 2023 (first sitting)

Before the Exam

  • Exams You Should Pass First

    Exams P, FM, and FAM (specifically the L portion). Exam ALTAM assumes knowledge of concepts covered in these exams, and builds off of those concepts.

  • Exam ALTAM Offerings

    ALTAM is offered offered twice per year, once in April or May, and once in October or November.

  • How Do I Register?

    1. Register online at www.soa.org before the registration deadline.
    2. Determine the exam location nearest you.
    3. Print your order confirmation that you will get by email. It will serve as your admission ticket on exam day.

    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. Multiple State Models
    2. Multiple Decrement Models
    3. Pension Mathematics
    4. Profit Analysis

    Note that written-answer exams are often challenging for actuarial candidates used to the multiple-choice format used for other exams.

  • Tip from Coach Tong, FSA, CFA

    "It is very important that you know how to solve problems using basic principles. You should always view basic principles as the core of your learning, and shortcuts as a supplement, not the other way around. Students who memorize shortcuts without understanding them will struggle on the actual exam."

Day of Exam

  • What To Bring:

    • A government-issued photo ID that includes a signature
    • Recommended Calculator: TI-30XS MultiView
      (See Other Options)
    • Your printed admission ticket
  • Coach K's Story

    “I took the old version of this exam, MLC. Once I passed that exam, I thought I could pass any exam. This can be the big hurdle to be certified!”

  • Coach Shi Yi's Story

    “I took the previous version of this exam, MLC. When I was working on the exam, I felt like I couldn't solve a lot of the problems, but I tried to write down as much as I could for the written answer part. I came out of the exam hall thinking that I would fail. 2.5 months later, to my surprise, I passed! Thinking back to that day, I think I passed because I wrote down as much as I could, even for questions that I wasn't sure how to solve. Thus, my advice is: do not give up, and always try to put in what you know. This will get you partial credit, which is very, very important, and can be a factor that determines if you pass or fail!”

  • Tip from Coach Terence, ASA

    "A big part of passing a written-answer exam is to accumulate as many partial credit points as possible. Even if you can't fully answer a question, clearly communicate your thought process as much as possible. Be sure to show your work. Include all important steps or formulas."

  • Tip from Coach Terence, ASA

    “Time management is key. Try your best to spend no more than 3 minutes per point. If you think you know how to answer a question but you're pressed for time, at least write a list of steps you'd take and/or formulas you'd use to arrive at the final answer. You may get partial credit.”

  • Tip from Coach Larry

    "You'll have access to an Excel workbook during the exam (note that it won't be submitted for grading). Utilize the workbook to your advantage to expedite/verify calculations."

After the Exam

  • Getting Your Exam Results

    After approximately 8 to 11 weeks, the SOA will release the list of passing candidate ID numbers. A few days after that, you will get your exam score in your official SOA transcript when you log into the SOA website.

  • Next Steps

    If you haven't taken these exams, you'll need to take Exam SRM, PA, and ATPA. You will also need to obtain your VEE credits, complete your FAP modules, and fulfill your APC requirement in order to attain your ASA designation.

Testimonials

Others Who Have Passed

Study Plans

Finding The Right Answer

COVID-19 Peace of Mind Policy:
Exams may be postponed due to COVID-19, but you don’t need to worry thanks to our Peace of Mind Policy. Every exam subscription purchase comes with a complimentary extension you can use anytime before your rescheduled sitting if your planned sitting is postponed. Find out more.

All subscriptions begin at the time of purchase.