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Financial Mathematics Old FM Forum

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  #1  
Old 08-05-2019, 02:51 PM
oligil0817 oligil0817 is offline
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Default Choosing a Textbook for FM

Can anyone recommend which of the texts listed on the syllabus for Exam FM they like best for learning and reviewing the core material covered by the exam?

My background is originally in physics, so I have to teach myself financial math before I take the exam and I am looking for a good book. I just wanted to see what folks on here thought about which of the recommended texts they preferred.

BIG thanks!!!
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Old 08-06-2019, 05:47 PM
Not Paul Not Paul is offline
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I don't know about text books but the ACTEX study guide is excellent.
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Old 08-07-2019, 05:56 PM
SHUA SHUA is offline
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I would recommend The Theory of Interest by Stephen Kellison. We used it in the FM prep course at my school, and it has solid explanations of concepts and a good amount of end of chapter problems. Not everything in the book is on the exam syllabus, so reference the bottom portion of the syllabus for which parts to skip. That being said, I would pair the book with ADAPT software or even the ASM manual practice exams to get more exam style questions.
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Old 08-08-2019, 02:06 PM
oligil0817 oligil0817 is offline
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Quote:
Originally Posted by SHUA View Post
I would recommend The Theory of Interest by Stephen Kellison. We used it in the FM prep course at my school, and it has solid explanations of concepts and a good amount of end of chapter problems. Not everything in the book is on the exam syllabus, so reference the bottom portion of the syllabus for which parts to skip. That being said, I would pair the book with ADAPT software or even the ASM manual practice exams to get more exam style questions.
Many thanks!
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Old 08-09-2019, 06:32 AM
jubair07 jubair07 is offline
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Quote:
Originally Posted by oligil0817 View Post
Many thanks!
If you are considering getting The Theory of Interest by Stephen Kellison which I also recommend, you can also use the Finan's guide (which is free) which is pretty much the shortened version of the above book.

Just check the syllabus which will ignore all derivatives section (except interest rate swaps) and will not include Sinking Fund Method, Short Sales and Serial Bonds I think. Other than that, you can follow the whole book + 3 extra reading materials which is given by SOA.
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