How I Studied For Actuarial Exams (and passed every time)
ฝัง
- เผยแพร่เมื่อ 6 ก.ค. 2024
- In this video I share my experience and tips and tricks for passing every actuarial exam that I studied for
Timestamps:
00:00 Intro
00:42 Qualification Route
01:40 Materials to purchase
03:29 Study Timeline
07:01 Final month crunch
07:20 Fellowship Exam
09:27 Outro
Thanks for the video
Helpful!
Great content Rolf! May we please have more actuarial videos in future, on exams and on working as an actuary in General Insurance
Thanks for the feedback. Have struggled to think of good topics that would be valuable to people - if you have any suggestions let me know :)
@Rolf Britten How to get employment in the industry. The types of specializations explain. What an actuary does on a day to day basis. How to choose which 3xams to start with. The changes that have been made to exams and the curriculum. Work based learning or whatever it's called. What each kind of exam is like. Actuarial salary. Which fields have higher prospects. Which places in England have higher prospects. How is work life balance. What you should know before you think of becoming an actuary. Can actuaries be replaced by robots. These are some topic examples
Great video. Can you explain more your past paper revision strategy especially for SP and SA exams.
Great video!
Hey Rolf, anyway to direct message you and talk to you about exams?
Hey Rolf, great video! What resources would you recommend to help build my industry knowledge and awareness for those fellowship exams?
Hi David, some places to start off the top of my head: IFOA Blog, any papers from the recent GIRO events, papers and blogs from the FCA or other regulators.
Hey great video! I am appearing for CM2 this April but I have like 9 chapters still pending due to work. These 9 chapters are not that important to the syllabus in terms of weightage so what would be the correct way to study for the exam?
Hi Kunal, I never took any of the new curriculum prelims so can't give any specific advice and take this with a grain of salt...
I would say prioritise reading through and making sure you understand the chapter summaries (perhaps making recordings you can listen to while working as a time efficient way to learn them...?)
Then as we're about a month from the exams I would recommend really focusing on past papers / Q&A bank and targetting any studying on areas that you've identified as weaknesses through those. Hopefully that should give an appropriate weighting for your study effort
nice video👍🏼
2 SPs and an SA in the same session.
This is not average in the slightest.
Can i get cs1 flash cards please
Thanks for the video. After how many exams did you get a job? And how did you get it
Hi Fikile I got my job without any exams which isn't uncommon here in the UK. I got it by getting a role in a related support team first and then moving across.
What’s the app you said would be in the description?
Hi Benjamin, ActEd discontinued the app, apologies
Acronym files
Im a maths graduate, graduated in 2014 been out if work due to ill health do you think i can get an actuary job, i keep getting rejected, i worked as a data scientist before but i want to get into finance
Personal lines insurers, especially in pricing departments, might value a data science skill set. So that might be worth a try as a route in. (I have taken the reverse of this path)
@@rolfbritten yes, really appreciate that, im self studying the actuary modules on my own, its hard on mental health when you dont have a job at the same time
@@rolfbritten i was looking at pricing analyst roles. Did you suggest to your employer you wanted to persue the actuary exams whilst in that role?
@@thehardlife5588 The study scheme was offered as part of the role - rather than something I suggested.
Try going through recruiters. Alexander Williams is one that I''ve worked with before that specialises in Pricing Data Science.
LV= are recruiting lots of pricing analysts at the moment, although don't think they offer actuarial study in that role - in favour of MSc in DS
@@rolfbritten thanks ive applied to axa for a trainee underwriting position but i dont think ill hear back
If you didn't work while doing exams, how many would you recommend studying for at once?
Masters programmes have equivalent all the UK core non applied in one year so I guess could be achievable if you treated it as a full time thing.
Would probably not recommend trying to do beyond prelims without work experience
@@rolfbritten I've completed a batchelor's in mathematics (with a focus on statistics and OR) and I've had 7 weeks work experience at an actuarial firm. I have a gap of 1 year before I start work and am planning on passing some exams. I currently have 3 exemptions from my degree. The question is more, how many exams (of the 10 remaining) would you recommend trying to pass in this period?
20 study days a year????? How did you pass in 3 years, 0 exemptions and so few study days? I get 45. How much did you study outside these days?
was 4 years rather than 3 - a lot of my own time was spent studying, in the build up to the exams would be most of my spare time.
How did you study for Exam P?
Hi Josh, I think you are referring to an Exam from ths US syllabus? All my exams were for the UK based IFoA
@@rolfbritten Oh, yes. Exam P is the probability exam. Thank you Rolf
What’s your age??
Hi Tanisha, I took the actuarial qualification between the ages of 24 and 27