Get essential information, tips, and strategies to help you on your Exam IFM journey in our guide below.
Computer-Based, Multiple-Choice Test
Next Available Sitting
Registration Deadline (Register by Midnight US Central Time)
IFM is replacing Exam MFE starting July 2018. Then it will be offered three times per year, in March, July, and November.
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.
"Make sure you have a deep understanding of the exam concepts. This new exam has a blend of quantitative and qualitative questions. Put your focus on the material related to the learning objectives stated in the exam syllabus."
"You'll want to be very familiar with your calculator. IFM is more computationally intensive than exams like P or FM. Also, make sure you are familiar with the Prometric Normal Distribution Calculator."
"There are many formulas on this exam, but you don't need to memorize all of them. Several of the formulas are related. If you focus on the conceptual relationship between formulas, you'll be able to quickly derive the specific one you need on the exam. That will drastically reduce the number of formulas you need to memorize for the exam."
"The goal in the exam is to get enough questions correct to pass. Keep in mind that all questions in the multiple choice exams count the same. Solving a very easy problem correctly gets you the same number of points as solving a very difficult problem correctly. Thus, you must be willing to skip a problem."
"If you read a problem and don't understand it during the first read, skip it. If you read a problem and think that you may be able to solve the problem if you took some time on it, mark it and skip it. Apply this strategy to all the questions during the first round through. After that, come back to the questions that you've marked and attempt those questions in your second round through."
Unlike some of the other CBT exams, IFM currently does not give you an unofficial Pass-Fail result immediately after you finish. (The SOA has stated that instantaneous results will eventually be available.)
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.