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Exams
Exams and VEE information can be found at
www.soa.org, but a summarized
version is below. In case of conflicting information, the Society of
Actuaries takes precedence.
Exam P/1 - held 4 times a year, in May, July, September and November.
For test dates and registration deadlines, click here. Warning: Registration for the P/1 Exam deadline is November 26.
Exam FM/2 - held twice a year, in May and November.
Applications must be sent in before April 1 for the Spring session and
September 24 for the Fall session.
Calculators - approved calculators by the SOA are the Texas
Instruments BA-35 model calculator, BA II Plus, BA II Plus Professional
Edition, TI-30Xa, or TI-30X II.
What courses would prepare me for these exams?
Exam P/1 requires the following classes:
Introduction to the Theory of Probability
C22.0014. 3 points. Fall and spring.
Cross-listed with B90.3301. Prerequisites: V63.0121 and V63.0122.
Exam FM/2 requires the following classes:
Mathematics of Investments
C22.0027. 3 points. Fall.
Cross-listed with B90.2309. Prerequisites: V63.0121, V63.0122.
In addition, knowledge of derivative markets is required. Here are some
resources from the Actuarial Society's Derivatives Workshop:
-Derivative
Slides
-Derivative
Notes
-Derivative
Graphs
Exam MLC requires the following classes:
Life Contingencies
C22.0037. 3 points. Spring.
Cross-listed with B90.3335. Prerequisites: C22.0014 and C22.0027.
Introduction to Stochastic Processes
C22.0021. 3 points. Fall.
Cross-listed with B90.3321.
All other exams require some degree of working experience and should be
undertaken at the expense of your employer.
SOA Questions from Previous Exams
Exam P/1:
-SOA 130 Sample Questions
-SOA 130 Solutions
Exam FM/2:
-May 2005 Questions
-May 2005 Solutions
-November 2005 Questions
-November 2005 Solutions
Exam MLC:
-SOA 248 Sample Questions
-SOA 248 Solutions
-May 2007 Questions
-May 2007 Solutions
Exam MFE:
-SOA 20 Sample Questions and Solutions
-May 2007 Questions
-May 2007 Solutions
Exam C:
-SOA 288 Sample Questions
-SOA 288 Solutions
-Past C Exams (and others as well)
What classes do I need to take
to qualify for VEE?
There are three areas which require Validation by
Educational Experience:
- Economics
Topics in microeconomics and macroeconomics. Students will be waived from
this requirement by obtaining a grade of B- or better in V31.0001 and
V31.0002.
- Finance
Topics in corporate finance and investment principles. Students will be
waived from this requirement by obtaining a grade of B- or better in
C15.0002 and C15.0007.
- Applied Statistical Methods
Topics in regression analysis and time series analysis. Students will be
waived from this requirement by obtaining a grade of B- or better in
B90.3302/C22.0015 and B90.2302/C22.0018.
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