Actuarial Outpost
 
Go Back   Actuarial Outpost > Exams - Please Limit Discussion to Exam-Related Topics > SoA/CAS Preliminary Exams > Investment / Financial Markets
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions


Upload your resume securely at https://www.dwsimpson.com
to be contacted when our jobs meet your skills and objectives.


Investment / Financial Markets Old Exam MFE Forum

Reply
 
Thread Tools Search this Thread Display Modes
  #1  
Old 04-11-2019, 08:03 AM
jubair07 jubair07 is offline
Member
SOA
 
Join Date: Jan 2016
Studying for Exam IFM
College: BEng Aerospace Engineering
Posts: 158
Default IFM Exam Prerequisite

Hi,

I already passed Exam P and is attempting Exam FM in June.

On SOA website it says:

A thorough knowledge of calculus, probability (as covered in Exam P), basic corporate finance (as covered in VEE Accounting and Corporate Finance) and interest theory (as covered in Exam FM) is assumed.

I did engineering and only did Accounting in high school. Will I struggle due to lack of basic corporate finance knowledge? How much are we talking about studying? Any good book to study to make up for it. I am looking at Nov 2019 for IFM exam after June one. Is it too early?

Please advise. Thanks!
__________________
Exam P Exam FM IFM
Reply With Quote
  #2  
Old 04-11-2019, 09:06 AM
harb1sj harb1sj is offline
Member
SOA
 
Join Date: May 2017
Location: Michigan
Studying for LTAM
Favorite beer: Two-Hearted Ale
Posts: 66
Default

Quote:
Originally Posted by jubair07 View Post
I did engineering and only did Accounting in high school. Will I struggle due to lack of basic corporate finance knowledge? How much are we talking about studying? Any good book to study to make up for it. I am looking at Nov 2019 for IFM exam after June one. Is it too early?
It certainly would help if you had background knowledge, but I believe that, as with many exams, if you put in extra time studying your manual you will be okay. There just may be some concepts that you may have to learn from scratch vs. refreshing/expanding on knowledge that others may already have.

I used the ACTEX manual when I took IFM and that alone was sufficient, but I was a finance minor at university and had a lot of concepts already down before I started. I believe they were fairly well-explained for a beginner, though. Check out the other threads in this subforum for other book recommendations, as I'm sure there are many.
__________________
VEE | P | FM | SRM Credit | IFM | STAM | LTAM | PA | FAP | APC
Reply With Quote
  #3  
Old 04-11-2019, 09:07 AM
barrilete.cosmico barrilete.cosmico is offline
SOA
 
Join Date: Dec 2018
Posts: 15
Default

There is no need of reading any book other than the source material(or a manual). Nov sitting sounds good, you'll have plenty of time.

Last edited by barrilete.cosmico; 04-11-2019 at 09:13 AM.. Reason: a word
Reply With Quote
  #4  
Old 04-11-2019, 09:16 AM
jubair07 jubair07 is offline
Member
SOA
 
Join Date: Jan 2016
Studying for Exam IFM
College: BEng Aerospace Engineering
Posts: 158
Default

Thanks guys!
__________________
Exam P Exam FM IFM
Reply With Quote
  #5  
Old 04-11-2019, 12:46 PM
Glazzy Glazzy is offline
SOA
 
Join Date: Feb 2019
Location: KCMO
Studying for LTAM
College: Truman State University
Favorite beer: UC Schnickelfritz
Posts: 19
Default

I agree with the above; Nov is plenty of time to prep! I used the CA bundle for the March sitting and really enjoyed it. If you're considering a manual, I'd highly recommend CA.

As far as the CorpFin/Accounting, that knowledge is something you can pick up on throughout your studying w/o any prior exposure. Most of it is conceptual/qualitative questions. If you're picking up on everything else, I doubt you will have a problem on that section. I can't speak for other manuals, but I felt CA did a more than adequate job of covering the CorpFin material. Best of luck! I'd recommend perusing the last two exam threads for further info.
__________________
LETS GO BLUES!!

P FM IFM STAM LTAM SRM PA

VEE FAP
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 11:36 AM.


Powered by vBulletin®
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.27055 seconds with 9 queries