Get essential information, tips, and strategies to help you on your Exam FM journey in our guide below.
Computer-Based, Multiple-Choice Test
Next Available Sitting
Registration Deadline (Register by Midnight US Central Time)
None. FM is an ideal first exam for aspiring actuaries.
FM is offered 6 times per year in the even months (February, April, etc.).
Learn more about how to register for official SOA exams on their website.
Questions related to these topics will appear the most on the exam.
“Understand the difference between Loan Amortization and Sinking Funds! It’s common to mix up the two.”
“Be friends with your BA II Plus calculator. Know how to use the TVM keys.”
“Once you understand the basic principles and business terms, it’s a pretty “straight-forward” exam.”
“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 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.