Got for it. Easily doable if you can allocate ~450 hours to studying till April. CS1 = 200 Hours CB1 = 100 -125 Hours CB2 = 100 Hours. Put disproportionate focus on solving past questions, they repeat a lot :)

or is doing a helpful degree like economics or statistics honours recommended except for having a backup

@Ward3n.984 Indian employers won’t give you a job even if you pass all exams, if you don’t have an undergraduate degree. So I would definitely recommend going to a college & getting a bachelor’s degree. If you can get into a good bachelor’s program that will help you even more in terms of 1. Exposure 2. Making your resume stand out amongst other actuarial aspirants. DU’s Econ programs are good. Ashoka is also coming up as a good option now. There are some other colleges across the country which are good - Presidency Uni & St. Xavier’s Kolkata for example. If you can get into a math/ stats program at ISI/IISER/CMI, nothing like it. Either way get a degree, if not top tier, get it for the sake of getting it! :)

Hello sir ! I am in my second semester of BCOM and I am still confused what to do ,I scored 88 marks in HSC maths,by doin hardwork i am afraid of maths and I dot know if I could make it what should I do ?

@@alandsouza2506 Yes the scope is good. A good number of opportunities in Wellington and Auckland. Not sure about the Visa situation though, you should talk to some recent graduates who studied at your university.

@TheActuarialGuyRomit thank you so much I am very nervous in applying for masters cause there is no job guarantee and it's expensive 😔

@ If you ask my honest opinion, foreign masters programs don’t make sense unless you get into Ivy league or equivalent. If you’re sure about actuarial science, you are better off writing professional exams from your home country.

Hi! Thanks for your question, if you have 3 months - you should most definitely either take: 1. CS1 + CM1 - CM1 is important from a Life Insurance Employment pov and the most important exam from job pov in general. CM1 is pretty big and takes over 300 hours of study. 2. CS1 + CS2 - CS2 is important from a general insurance pov. It is smller but more difficult than CM1. Both exams are very statistical in nature and have R Programming as paper B. You can typically start your first internship/ job with a minimum of 1 or 2 major CM/CS exam.

Glad it was helpful!

Yes Lavisha! You can use the equation editor.

@TheActuarialGuyRomit or can we save the equation prior to exam

@@lavishagarg1287 No, that's not allowed.

@@TheActuarialGuyRomit Thanku so much

@@Sarthakgarg-e8p The idea of a selection period is not dependent on how morbidity (&mortality) change with age. That is already accounted for in the age dependent mortality (& morbidity) rates. So your mortality of both select & ultimate cohorts is higher at age 50 than at age 25. Selection is about the fact that if you have checked that an individual doesn’t have a particular disease today for how long do you expect them to have a better mortality than the average (unscreened) population. That is typically considered to be age agnostic. Another reason they also don’t take different selection periods across ages is also because that would make the tables very complicated to produce/read.

@TheActuarialGuyRomit 👍👍👍 great explanation sir Now understood complete concept And other vedios of yours also helped me a lot (including force of mortality) Thanks 🙏 for providing mind blowing concept clarity vedios

@@akshayamahadevan9729 thanks for your kind words Akshay! A full course for CS2 is available at theactuarialguy.com/learn/cs2

1. Hard Copy of Actuarial Tables are allowed. Soft copy is allowed but must be opened in a pdf viewer like adobe reader & not a browser. 2. If you make your own formulae sheet; it is not allowed. 3. You can speak into the mic to communicate anything to the invigilator; for example if you're stepping away for a toilet break - but it won't be viewed real time; someone will review the footage later. You can find detailed exam rules here: actuaries.org.uk/document-library/qualify/my-exams/ifoa-exams/remotely-invigilated-exams-exam-rules/ Let me know if you have any other questions :D

@@TheActuarialGuyRomit thanks sir!

Hi! Thanks for your comment Can you please be a bit more specific? What is z\bar here? If you are referring to a variable mentioned at a particular timestamp in this video, just mark it. Thanks.

@@AyushmanSingh027 Hi Ayushman! I’m glad you are finding my videos useful. :D Let’s talk at +91 8290386768, will help you plan your exams.

Hi Pawan, The primary recommendations would be using the ActEd CMPs. They're pretty good for CM1,2; CS1,2 and CB1 and sufficient to pass the exams. I'd definitely recommend solving revision notes for all these subjects and going through the flash cards for at least CB1, 2. For IAI, I'll recommend solving IAI past papers, Now since you asked for book recommendations, let me list a few if you want to get into the depth of these topics with the disclaimer that they're all seas of knowledge in themselves: 1. CS1: For First 11 chapters: John E. Freund's Mathematical statistics with applications For R Programming: R programming for actuarial science McQuire, P.; Kume, A. Chichester For GLM: Generalized linear models. 2nd ed. McCullagh, P. and Nelder, J.A. Chapman & Hall/ 2. CS2: Stochastic Processes: 1. A First Course in Stochastic Processes by Karlin and Taylor 2. Basic stochastic processes. De Volder, P.; Janssen, J.; Manca, R ML: Machine learning with R: expert techniques for predictive modeling to solve all your data analysis problems. Time Series: Time Series Analysis by Hamilton 3. CM2: Options, Futures & Other Derivatives by John C Hull and Paul Wilmott's books. 4. CB2: Go through Mankiw's books or your class 12 econ books and look at John Sloman's books - that's recommended by IFoA.

@@VanshikaVasist Glad you found it to be helpful. :)

Hi! Here's a video on how to prepare for the CM1 exam: kzbin.info/www/bejne/roCXZaawh69prdksi=_cOyeZ8fUMc2B7C6 You can use my playlist to start your preparation: bit.ly/actuarial-guy-cm1 If you like the demo lectures & want end to end help with your prep can also consider enrolling for my CM1 course here: theactuarialguy.com/learn/cm1 For guidance you can reach out to me at +91 8290386768.

Glad you found it helpful. :)

Glad it helped! :)

Watch at 0.8x if you’re not able to follow :)

HI Shabar! Technically, you can, As a prerequisitie you can watch my Stochastic Processes Lecture, this is (mostly) all you need from CS2: kzbin.info/www/bejne/pZvChGmoqL53r6s

Listening to music in exam?

Hi, In the coming months, I am sure IFoA will come up with guidance on these aspects. But Obviously we can write to them, asking for exam rules or posing these specific questions; my opinion on your questions: 1. Should be for the same both Paper A & B, you will not be allowed to refer to any external material or notes - they have specified this very clearly on their website. (You will be able to refer to R/ Excel's built in formula/ functions help.) 2. Tables will be usable in every likelihood - since they were usable pre 2020 as well, you should be allowed to do algebra on blank papers, which they may ask you to show in the beginning of the exam session. It works this way in almost all online invigilated exams and did in IFoA pre 2020. 3. I think they would be allowing "reasonable duration" absense from front of the camera - they will definitely put this in exam rules. Earphones won't be allowed I'm pretty sure because someone could be dictating answers to you. 4. 2019 exams are your best representation. I agree that some more guidance is needed on these issues - and I shall reach out to them. But I do not think this changes the prep significantly, only marginally. Just the knowledge of the fact that the exams will be closed book should guide your prep to a great extent untill 1-2 months before the exam. We'll know more by then.

@@TheActuarialGuyRomit Thanks for your reply. A few comments: 1. That's fair 2. The major issue is how they decide whether you're doing algebra on paper or looking at notes. No communication on this. Pre 2020 the exams were in a center so it was controlled. 3. I appreciate you giving an opinion, but we need clear guidance, not speculation. Why have we not been told anything? 4. On what basis can you say that? Do you have information we don't? As far as I know we have no idea whether the exams will be similar to pre 2020 or not. I agree we can still prep and make progress with studying, but you must acknowledge the frustrations with having so much uncertainty. I'm fine with the exams being closed book, but there is no excuse for the IFoA witholding such information

@@hiteshgupta13 Yes, i've done so every online exam

Exam rules are out: www.linkedin.com/posts/romit-abhichandani_exam-rules-april-2025-activity-7264655097945554945-lqQH? Rules seem to be in line with what I expected.

Glad it was helpful!

It's part of my full course. You can reach out at +91 8290386768

No, a risk neutral person is indifferent to a fair gamble - they only accept a "more than" fair gamble.

Hi, thanks for your subtle appreciation :) My takeaway is that the burden lies on creators like me to make the content more engaging and entertaining without compromising on quality of the information to reach wider groups & more number of people. As of today, Nov 18, 2024, I have recently left my job to focus on KZbin & my tutoring full time :) Let's see where this takes me.

Sampling through them is a good idea :D

Hi! I use the Actuarial Education Company's Combined Material Pack for CM2 and then just my understanding of the subject that I have built over time. :)

Haha! Thanks a lot.

In 2025, for Institute and Faculty of Actuaries, UK, it's an MS Word based exam and for Institute of Actuaries of India it's an MCQ exam - both can be written from home :)