During a period of time marked by uncertainty in the world, career positions dealing with high risk are on the rise. For actuaries, this is an opportune time to work, as companies will be looking for people who can help them improve the overall level of success of high-level business decisions.
The process of becoming an actuary can be difficult, especially if you’re not good at math. So, if you want to make sure you’re fully qualified to meet these challenges and get certified by the Society of Actuaries (SOA), check out our list of the best actuarial exam prep study guides.
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1. analystprep actuary exam study guide
analystprep has over 25,000 happy customers and it’s easy to see why. His site boasts that 92% of his students recommend using his many certification courses, ranging from financial analysis to finra and soa exams.
analystprep courses are divided to cover the soa p exam, the soa fm exam, and the soa ifm exam. Within each course you will find a specially designed syllabus to better prepare you for the exam of your choice.
here is an example of their video content:
Each individual course also comes with access to a question bank. it is organized by topic and was designed to replicate the difficulty of real exams. You can create unlimited customizable quizzes and get help from their support team if you run into any issues, but the best part is Analystprep’s performance tracking technology: By using an advanced analysis algorithm, these SOA exam prep products will track your progress as you go. In addition, this allows the software to provide you with unique information based on your performance. it also allows you to compare your progress with that of 20,000 users around the world, which can give you a good idea of the percentile you could reach on test day.
2. preparation for the actuary exam as a trainer
training actuaries and their soa study manuals attempt to guide students through a comprehensive plan. this makes it a great option if you’re fed up with online courses that bombard you with information without broader context.
By taking the time to ensure you have a solid understanding of the actuarial study materials, this set of exam questions and sample problems are especially helpful when preparing for the financial math exam. Plus, video lessons provide clear, concise explanations and step-by-step instructions to better illustrate a concept or solution. As you go through each lesson, trained actuaries help you memorize the key points. consequently, you will be smart enough to guarantee success in the exam and quickly get your certification!
3. actex study materials
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actex is similar to a typical college course. they even advertise it this way with their course descriptions, so you can expect a similar experience if you sign up.
but unlike some universities, actex also does a great job when it comes to transparency. Instead of protecting tenured professors, they provide free sample items and full syllabuses for their courses. With so much information readily available, you can ensure practice tests and questions are relevant to your needs.
All the information is clear and easy to follow, with material that looks like it came straight out of a college course textbook. Speaking of textbooks, actex offers theirs in digital and physical format, so you can easily study without having to look at a screen.
Enrollment for courses with actex is available in 6-month and 12-month durations, so be sure to plan accordingly based on your speed of study.
4. the actuary’s infinite review
Are you a student with no prior education in financial mathematics? If you’re interested in starting from the ground floor, check out the Infinite Actuary.
Their platform and content are extremely easy to use and they plan all their lessons without assuming prior knowledge, which has been a huge hit with their thousands of enrolled students.
the infinite actuary has three primary exam preparation courses, but also offers a large catalog of additional study manuals. Looking at their actual course materials, there’s also plenty to get excited about: video lessons, comprehensive practice tests, and thousands of practice problems with video solutions to guide your study.
The Infinite Actuary Exam FM Course includes a problem system that tracks your results and helps you identify knowledge gaps. looking for additional review? try some of their flashcards for a quick study resource.
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You’ll have access to full-time instructor support via email as well as an online course forum, so there’s plenty of help if something goes wrong. they also implement features that show respect for your time, like the option to play video lessons at variable speeds.
5. actuary exam tutor soa exam preparation
Although very different from the other options on this list, the actuary exam tutor is worth considering.
perhaps you’re someone who doesn’t like a traditional course or is left alone with an online course syllabus. If so, you can get much more value from this company’s approach to teaching success on the SOA exam.
many of the instructors are qualified doctors, fsa, mba, wax, etc. with so much experience in both business and education making the actuary exam tutor uniquely qualified as teachers.
They have their standard individual option available at an hourly rate, as well as options for semi-private and group programs. pricing for these services is decided on a consultation basis, so you may even be able to have your employer sponsor your tuition!
honorable mention: being an actuary
Being an actuary is unique in that it is more of a general study resource. If you already have some background in actuarial science and just need to study for the FM exam, skip this and just use the Analyst Prep.
but if you are a complete beginner and know nothing about financial risk management or the society of actuaries (soa), the amount of content available on this site is an excellent crash course on the subject. In addition to numerous articles covering the basics, Be an Actuary also has pages on their site to help you find jobs, internships, and scholarships. There are even lists of colleges that have actuarial programs if you’re looking to take your education to an official university.
frequently asked questions actuarial review
how do I register for the actuarial exams?
what college courses should i take if i want to be an actuary?
Students seeking a career as an actuary should take courses in calculus, probability and statistics, economics, corporate finance, and business communications, in addition to a host of liberal arts classes.
Are there scholarships available for actuarial courses?
yes! In addition to actuarial exam preparation courses like Actex that offers student discounts on their courses, you can also find scholarship resources on sites like Being an Actuary.
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