What is a passing score on SOA exam P?
The SOA usually determines a specified number of correct answers as the pass mark, and this pass mark can vary by exam and even by each administering of the exam. For Exam P the pass mark is usually about 19/30, for Exam FM it’s about 25/35, and for Exam MFE it’s about 15/25.
How hard is SOA exam P?
Very very hard. The preliminary exams are 3 hours long, consisting of 30-35 multiple choice problems, and the pass rate is typically only 30-40%. As a result of the overwhelming amount of material, one frequently asked question among student actuaries is for a good study method.
How many questions do you need to get correct to pass exam P?
There are 30 questions on Exam P. Your Exam P performance is scored on a scale of from 0 to 10, 10 being the best. You need to score at least a 6 to pass. But that doesn’t mean that you need to just get 60% of the questions right.
How often is exam P offered?
6 times per year
Exam P Offerings P is offered 6 times per year in the odd months (January, March, etc.).
How long should you study for exam p?
For most people, it takes about 3-5 months to be fully prepared for Exam P. It will depend on how busy you are and how well you already know the materials. In the Study Strategy Program, each member gets a Daily Goals calendar that shows them exactly what they need to accomplish each day.
Is exam p harder than exam FM?
Most people find Exam P to be harder than FM because of all the calculus that it involves. So, for most people, I recommend taking Exam FM as your first exam.
Is the SOA FM exam hard?
So as long as you’re willing to put in the necessary study time and have a good study strategy, passing the exam won’t be too difficult.
How are SOA exams graded?
Exams are scored on a scale from 0 to 10. A score of 0 is the lowest, and a score of 10 is the highest. In order to pass, an exam candidate needs to achieve a score of 6 or higher. For most actuarial exams, the pass mark is set based on the performance of all the candidates.