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Taking exam P in May 2014 (2nd Time)

Posted 01-19-2014 at 11:16 PM by thenamesBond

Hi all, I sat for exam P in November 2013 for the first time, to see how the exam is structured and how hard is it. I failed that exam, because I didn't study for it enough.

However, I am now more serious about these exams and recently started studying for exam P. I am planning to write it in May 2014. My question is, Is it too tough to pass actuarial exams if you haven't been studying Actuarial Science in College/University. I am an Economics major in University. I have taken Calculus (1 and 2) in university and a course in Multi-variable calculus. Does that help my chances of passing at least the first two exams?

Another question, given the fact that I am not taking Actuarial Science in university, what should I focus more on while studying for the exam? How should I study for it effectively without prior knowledge of Exam P coursework?

PS:- All responses are welcome but Preferred responses by people who have passed Exam P and not take ActSci in College/University?
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  1. Old Comment
    If you are not in ActSci, you can easily study for the exams on your own. I have done this. I bought ASM study manuals and worked on my own. A lot of people do that.
    Posted 01-21-2014 at 07:27 AM by CanadianMathGirl CanadianMathGirl is offline
  2. Old Comment
    How long did it take you to pass the exam p? Studying for the first time? Did you clear it on the first attempt?
    Posted 01-26-2014 at 12:06 AM by thenamesBond thenamesBond is offline
  3. Old Comment
    AndyA's Avatar
    I graduated from business school with a bachelors in marketing and management. I took one class in statistics about 8 years ago. I took a few calculus classes about 12 years ago. I passed exam P with three months of rigorous study. I went through "Probability for Risk Management" by Hassett, then more importantly I went through the actex probability test study manual. I also studied for 3 months and passed the FM test using the ASM FM manual, which was really nice. I'm now one month into studying for MLC and the test date is April 29th. I'm using the ASM manual for MLC. Studying has become my hobby and I like the material. I figure I studied 300-400 hours per test.
    Posted 02-20-2014 at 01:47 AM by AndyA AndyA is offline

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