A Visual Guide to Actuarial Exams in 2023 | SOA Exams

How have the pass rates of actuarial exams changed in the past 15 years? What exams do you need to become an actuary in 2023?
📌 Timestamps
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00:00 Intro
00:34 Actuarial Exams 2007 to 2023
01:42 What Changed?
02:46 First Exams P and FM
04:55 After P and FM
08:47 Closing Thoughts
🔗 Video links
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Download the Exhibits here:
docs.theactuarialnexus.com/do...
Interactive Pass Rates Race Chart:
public.flourish.studio/visual...
Exam P Syllabus and Free Practice Questions: www.theactuarialnexus.com/syl...
Exam FM Syllabus and Free Practice Questions: www.theactuarialnexus.com/syl...
Historic Pass Rates Data:
www.actuarial-lookup.com/exams...
The contents of this video are not endorsed or sponsored by actuarial-lookup.
📱 Connect with Me
========================
LinkedIn: / jeff-yang-fsa
Newsletter: jxyang.substack.com/
🧐 About Me
========================
Hi, my name is Jeff. I graduated from Cornell University with a masters degree in financial engineering and started my professional career as an options trader. I later obtained a FSA designation as an actuary and served as the lead actuary for Georgia's Medicaid program. I left the corporate space in 2022 and founded The Actuarial Nexus, an eLearning platform for actuarial students.
Now I make KZbin videos about actuarial science and other nerdy things.
🖥️ The Actuarial Nexus
========================
Exam P Course: www.theactuarialnexus.com/cou...
Exam P Practice Questions: www.theactuarialnexus.com/syl...
#actuary #exams

[@Brilliant_Mysterious]

Well done, Jeff! I see you did some work in researching the ASA structure. I know the effort it required to put this video together (with all the beautiful graphic designs and visualization) was more than the research.

[@jxyang44]

I really appreciate this insightful comment. Thank you!!

[@asomakhoulian1477]

Great effort here Jeff, I love how you focused on the details but still kept it general and provided amazing insights 👏, keep it up!

[@ArcherActuarialConsulting]

Excellent video, I'll be watching your channel to see what's next!

[@junal27]

Jajajaja, FM and P took me 2 attempts each. I am not the smartest guy in class but people identifies me as a sharp, smart and fast worker. After having spent 1k for just two tests and realizing I am not as good as the near me pretend I am, I am not sure if continuing is worthy 😢😢😢😢 taking those exams at 52 and working in something no related at all with the tested topics makes me to think!!!!

[@yaweli2968]

You did good. The easiest way to fail is to be cocky. Most smart test takers underestimate actuarial exams,then they fail over and over. They pass after paying the due respect for the exams and putting in the required hours.

[@danielazanella6770]

Thank you for such wonderful contributions Jeff, I'm getting started on the exams and I love how you break down all the information in your videos, keep going :)

[@chueyv9080]

dang what a great video! Thank you for making this!

[@nubboi]

Great video! I learned so much about the actuarial exams. Nice graphics!

[@jxyang44]

Thank you!

[@JC-mg9ll]

Wow. I am very impressed. This video is pretty well done and very informative. Good job Jeff.

[@BB-rh4jf]

Hi Jeff, as promised, your LinkedIn family is here to support 👏🏽

[@loganhart5534]

Very well made and informative!

[@jgglenn4438]

this was super helpful. i'm looking to make a pivot and this breaks down the path perfectly

[@jasonleeky453]

This is absolutely amazing! I wish we have something similar for IFOA and CAS!

[@jxyang44]

Hint taken!

[@karmenelvis2735]

Thank you!

[@Philgob]

definitely getting easier! some of the new exams (SRM, PA) were a straight joke

[@jxyang44]

😂😂

[@YSLCavallucci]

Well done very informative 🎉🎉

[@jxyang44]

Thanks!

[@JC-mg9ll]

Hey Jeff, I would like to follow your advice and take the exam PA after SRM, but the exam PA is $1125 and the exam FAM is $375. If you qualify for the Diversity Exam Reimbursement Program, you can request a refund. I have received refunds for exams P and FM, but unlike exam FAM, exam PA is not included in the list. So due to financial constraints I will take exam SRM and then FAM.

[@Actuaryelle]

Wow well done. I've long given up on trying to understand exam changes. They just keep making more changes 🙈🙈

[@jxyang44]

It gives me nightmares.

[@Suncats76]

HOW DOES THIS NOT HAVE MORE VIEWS AWESOME VIDEO

[@jxyang44]

Thanks :D

[@JC-mg9ll]

Hi Jeff, just to be clear, you don't need to know R to take PA, right?

[@jxyang44]

You still need to be able to interpret R code, but you will not have to write code yourself. Here is the link to the syllabus where you can find out more about the exam: www.soa.org/4adf8d/globalassets/assets/files/edu/2024/spring/syllabi/2024-04-exam-pa-syllabus.pdf

[@Jack-cm5ch]

How many exams should one take before applying to an entry level job? Or what do you think the optimal path for a senior in university? Thank you

[@jxyang44]

Based on a recent poll from 100+ employers, about 40% won't consider your resume unless you have 2 exams. Another 20% prefer 3+, so I would aim for 2-3. Prior internship experience, good interview skills, location, and a number of other variables are going to factor into the hiring process well. If your university has an actuarial network, use those resources to your advantage. Hope that helps. Good luck.

[@anmolpal3260]

Is this for the UK actuarial exams? I don't think so, but I am unsure.

[@jxyang44]

This is for the SOA track, which is mainly US/Canada. Information about the UK exams can be found here: actuaries.org.uk/qualify/my-exams/ifoa-exams/

[@mogha19891]

Jeff - Could you please post similar video for CAS as well?

[@jxyang44]

I will keep this request in mind!

[@danielavery625]

@@jxyang44 I second this!

[@khushigarg5937]

I'll be appearing for SRM in sept 2024, you mentioned a free source material in your ppt, where can i access it?

[@jxyang44]

www.statlearning.com/. 2nd edition with R

[@hamidniki]

We at the University master, learned all this topics, why should pass again?

[@jxyang44]

I don't understand the question.

[@Bree00]

I thought P is 2.5 hours too

[@jxyang44]

It is currently a 3 hour exam: www.soa.org/education/exam-req/edu-exam-p-detail/study/