About Exam FM

Get essential information, tips, and strategies to help you on your Exam FM journey in our guide below.

Exam Overview

35 Questions

Computer-Based, Multiple-Choice Test

3 Hours

Exam Duration

August 2-13, 2018

Next Available Sitting

June 26, 2018

Registration Deadline (Register by Midnight US Central Time)

Before the Exam

  • Exams You Should Pass First

    None. FM is an ideal first exam for aspiring actuaries.

  • Exam FM Offerings

    FM is offered 6 times per year in the even months (February, April, etc.).

  • How Do I Register?

    1. Register online at www.soa.org before the registration deadline.
    2. Wait 3-5 business days to receive an email confirmation letter.
    3. Schedule a seat at a Prometric Center.

    Learn more about how to register for official SOA exams on their website.

  • Highest-Weighted Topics

    Questions related to these topics will appear the most on the exam.

    1. Annuities
    2. Loans
    3. Bonds
  • Tip from Coach Shi Yi, ASA

    “Understand the difference between Loan Amortization and Sinking Funds! It’s common to mix up the two.”

  • Tip from Coach Baron

    “Be friends with your BA II Plus calculator. Know how to use the TVM keys.”

Exam Day

  • What to Bring:

    • A government-issued photo ID that includes a signature
    • Recommended Calculator: TI-30XS MultiView AND BA II Plus (See Other Options)
  • Tip from Coach K, FSA, MAAA

    “Once you understand the basic principles and business terms, it’s a pretty “straight-forward” exam.”

  • Coach Baron's Story

    “Two hours into the exam, I was struggling to recall formulas. I thought I was going to fail. But then I decided to just start writing down formulas as they came to me for each question, then solving them to see if my answer matched one of the possible choices. I got a 9.”

After the Exam

  • Getting Your Exam Results

    After you complete your exam, you will receive a preliminary Pass-Fail result. This is not your official final result.

    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.

  • Next Steps 

    Exam MFE (soon to be replaced by Exam IFM) is the logical next step after passing FM.

    If FM was the first exam you’ve taken, you might also consider Exam P, the other introductory exam.