Exam Study Crash Course Wednesday, April 25th, 2018 1

Exam Study Crash Course Wednesday, April 25th, 2018 1

Agenda Requirements for ASA and ACAS Exam Sittings Manuals and Online Seminars Study Tips Other Considerations 2

ASA Requirements Validation of Education Experience (VEE) Completed while in school Need 2 exams before credit Exams Modules Completed while working 3

ACAS Req’s VEEs Exams Online Modules 4

Scheduling Exam Sittings 3 General Strategies Class then exam Exam then class Concurrent class and exam When are Exam Sittings? P and FM alternate every other month Other exams occur 3-4 times a year Fellowship exams occur once a year 5

UCSB Courses as Exam Prep Probability/ 1 PSTAT 120A, 120B 90% of syllabus Financial Math/ 2 PSTAT 171 90% of syllabus Investment and Financial Markets PSTAT 170, ECON 134A 80% of syllabus 6

UCSB Courses as Exam Prep Long Term Actuarial Models PSTAT 160A, 170B, 172A, 172B 90% of syllabus Short Term Actuarial Models PSTAT 120B, 120C, 160B, 173, 183 85% of syllabus Statistics for Risk Modeling PSTAT 120C, 126, 174 45% of syllabus 7

Study Materials Actex Study Manuals Buy from Actex or borrow from PSTAT dept. The Infinite Actuary [email protected] Coaching Actuaries/ ADAPT UCSB25OFF PSTAT 182T 2 UD units, P/NP P, FM, IFM 8

Study Tips Get a manual Make a study schedule- AND FOLLOW IT Work problems- at least 1.5 months Take practice exams under strict exam conditions- 1 month before exam 9

Tips for Right Before the Exam Last minute review- Build confidence Memorize formulas Go over a practice exam you did well on Rest Avoid studying the day before the exam Prevents burnout Eat a good breakfast before your exam 10

Other Considerations Class vs exam syllabus No class at UCSB covers the entire exam syllabus Pass Rates 40-50% depending on exam http://www.actuarial-lookup.com/pass-rates Take the exams seriously Need 1-3 exams to be hired Shows dedication to the actuarial profession 11

Questions? http://www.pstat.ucsb.edu/undergrad/actuarial-science /exam/comparison/expect 12

Thanks for Listening! Upcoming events: Zodo’s Bowling 5/2 SQL de Mayo Workshop 5/5 13