Get essential information, tips, and strategies to help you on your Exam MFE journey in our guide below.
Computer-Based, Multiple-Choice Test
Next Available Sitting
Registration Deadline (Register by Midnight US Central Time)
MFE will be offered in March 2018, then it will be replaced by Exam IFM, the first sitting of which will be in July 2018. The second IFM offering will be in November.
If you want to get your ASA before the 2018 SOA transition, March 2018 is your last chance to take Exam MFE.
If you don't plan to get your ASA before the transition, you can take Exam MFE in March 2018 to get credit for IFM, or you can take IFM when it starts being offered in July 2018.
Learn more about how to register for official SOA exams on their website.
Questions related to these concepts will appear frequently on the exam.
"Make sure you have a deep understanding of the exam concepts. MFE 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. MFE 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. You can focus on the conceptual relationship between formulas, then 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."
If MFE is the last exam you need to take in order to get your ASA before the 2018 transition, make sure you have gotten all your VEE credit (especially Applied Statistics), and have completed your FAP modules and APC requirement. If you don't plan to get your ASA designation by the time of the 2018 transition, you can take MFE in March and still get credit for IFM.
Unlike some of the other CBT exams, MFE does not give you an unofficial Pass-Fail result immediately after you finish.
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.