Exam Study Crash Course Wednesday, April 25th, 2018

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

ASA Requirements Validation of Education Experience (VEE) Completed while in school Need 2 exams before credit Exams Modules Completed while working Attendees do not need to read the infographic

ACAS Req’s VEEs Exams Online Modules No need to read the infographic

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

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

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

Study Materials Actex Study Manuals Buy from Actex or borrow from PSTAT dept. The Infinite Actuary jen@theinfiniteactuary.com Coaching Actuaries/ ADAPT UCSB25OFF PSTAT 182T 2 UD units, P/NP P, FM, IFM

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

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

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

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

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