Get essential information, tips, and strategies to help you on your Exam LTAM journey in our guide below.
Paper and Pencil Test Format
Next Available Sitting
Registration Deadline (Register by Midnight US Central Time)
LTAM will first be offered in October 2018, after which it will offered twice per year, once in April or May, and once in October or November.
Questions related to these topics will appear the most on the exam.
Also note that LTAM's written-answer portion is often challenging for actuarial candidates used to the computer-based multiple-choice format used for other exams.
"Work through all the past exam written-answer questions from the SOA's previous version of this exam, MLC. Review their solutions thoroughly. This section is challenging, and it's very different from other exams, so you should start this process sooner rather than later."
"LTAM contains lots of notations and symbols. Each equation tells a story, so understanding the basic principle behind the question is more important than just having the formula memorized."
"Try to relate the materials back to exam P and exam FM. Some of the materials are very similar to what you've learned previously from these two exams. This allows you to remember and understand the concepts more easily."
“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!”
“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!”
If you haven't yet taken Exam STAM, we'd recommend you take that exam next.
If you've already taken STAM, you will need to take Exam SRM (unless you obtained transfer credit through VEE Applied Stats), obtain your remaining VEE credits, complete your PA and FAP modules, and fulfill your APC requirement in order to attain your your ASA designation.
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.