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Old 04-18-2018, 05:16 PM
Matt1852 Matt1852 is offline
Join Date: Jul 2017
College: Temple
Posts: 2
Default Exam FM/2 April Thread

I'm taking FM on Monday, and am pretty nervous. Anyone taken it yet that has some tips?

Made this thread for anyone to vent about the exam.
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Old 04-19-2018, 06:21 AM
mikej mikej is offline
Join Date: Apr 2017
Posts: 11

1. Take it easy on Sunday (day before the exam). Get lots of sleep, and focus on recovery so you will be at your best the day of the exam. At that point, it's not worth cramming in an extra practice exam

2. You should spend about 5 minutes per question on the exam. If you don't know how to solve a question or think it will take more than 5 minutes, mark it for later. Focus on the questions you know first. Your goal is to get 25 questions correct, and a hard question counts the same as an easy one - don't run out of time and miss out on easy questions because you spend too much time on the difficult ones. After solving the questions you know, go back and attempt the ones you marked for later

3. It's probably worth reviewing the SOA's description of what to expect going into the exam center for CBT exams. If you know what to expect, hopefully it reduces the nerves a bit

4. If you have to guess on questions at the end, use the following strategy: there are 5 answer choices (A - E), and 35 questions on the exam. If the answers are approximately uniformly distributed, you would expect 7 of each answer choice.

You can tally up how many answers you've already done (e.g. 6 As, 7 Bs, 2 Cs..). If one answer choice sticks out as being far below the expected 7, guess that letter for the rest of your questions and you should increase your odds of getting it right.

This may sound like a bit of work, but you could easily do it in a few minutes at the end of your exam.

(I don't think the SOA or Prometric officially confirmed that the answers are approximately evenly spread across the answer choices, but that's the most reasonable assumption for a computer-generated exam. Plus, this method won't be any worse than something like "always guess C")

Good luck on Monday!
If you're looking for exam study tips: Actuarial Exam Tactics: Learn More, Study Less

Exam FM: free study schedule, recommended materials, and study tips

Last edited by mikej; 04-19-2018 at 06:28 AM..
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