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Old 06-01-2020, 06:46 PM
ColoradoMathNut ColoradoMathNut is offline
Join Date: Jun 2015
Posts: 5
Default Deciding which exam(s) to study/sit for next

Hi everyone,

I completed Exams P, FM, and MFE (now IFM) and complete my VEE credits before the curriculum change in 2018. I've been taking a break from the exams for a while because I was told at that time (albeit with some conflicting opinions) that completing additional exams wouldn't do much to increase my chances of getting hired for an entry-level job as an actuary.

Now, however, I've been informed that I am unfortunately being included in my current employer's workforce reduction, and my last day on the job will be July 31. So, I figured this would be a good chance to start back up on the exams for several purposes - re-familiarizing myself with the material, reestablishing good study habits/routines, and demonstrating to potential employers that I'm still committed to attaining my SOA designation.

For anybody who's taken any of the following exams, do you have any input on how they compare to the three exams I mentioned above - mainly in terms of difficulty/complexity of concepts covered, difficulty/complexity of problems, and (roughly) how much time you spent studying?
  • LTAM
  • STAM
  • SRM (I do have transition credit for this from completing the old VEEs, but since the SOA page for Exam PA mentions that knowledge of the SRM syllabus is assumed, I figured coming back to this one couldn't hurt)
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Old 07-01-2020, 01:09 PM
LittleAnt123 LittleAnt123 is offline
Join Date: Aug 2019
Posts: 6

I've taken and passed STAM and SRM and felt like STAM was the most challenging of the two. I spent 40 hours less studying for SRM than STAM.
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Old 07-01-2020, 02:08 PM
TheLoudOne TheLoudOne is offline
Join Date: Nov 2019
Posts: 42

I wouldn't recommend taking SRM if you have the transition credit. The study materials available for the exam start from scratch, since so many of us have the transition credit.

LTAM and STAM are both a significant step up from MFE in terms of difficulty. STAM would be cheaper, and opinions on difficulty are split. Unless you feel much more comfortable with life insurance mathematics than statistics, I would recommend STAM.
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