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

December 4-15, 2018

Next Available Sitting

October 30, 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 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 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.