What is the P exam?

Exam P is a 3-hour long exam that consists of 30 multiple-choice questions. It is a computer-based exam. Exam P is focused on mastering probability concepts used in assessing financial risk. Knowledge of calculus and basic knowledge of insurance and risk management is assumed.

What is a passing score on actuarial exam P?

a 6
There are 30 questions on Exam P. Your Exam P performance is scored on a scale of from 0 to 10, 10 being the best. You need to score at least a 6 to pass. But that doesn’t mean that you need to just get 60% of the questions right.

How often is exam P offered?

6 times per year
Exam P Offerings P is offered 6 times per year in the odd months (January, March, etc.).

What should I bring to exam P?

For paper and pencil exams, you’ll need to bring:

  • Multiple pencils.
  • A pencil sharpener.
  • A good eraser.
  • Your ID.
  • Your Acknowledgement Letter (Printed)
  • Your calculators.
  • A sweater.
  • Drink.

Are actuaries in high demand?

According to the Bureau of Labor Statistics, the demand for actuaries is projected to increase 24% from 2020 to 2030 — much faster than the average profession.

Do actuary exams expire?

Fortunately, actuarial exams do not expire. If you passed one several years ago, it still counts as being passed and you do not have to rewrite the exam. There isn’t a specific time frame in which you have to pass all the actuarial exams.

How long should I study for exam p?

For most people, it takes about 3-5 months to be fully prepared for Exam P. It will depend on how busy you are and how well you already know the materials. In the Study Strategy Program, each member gets a Daily Goals calendar that shows them exactly what they need to accomplish each day.

Can you use a calculator on exam P?

When you are writing SOA Exam P, the SOA does not allow any old calculator in the exam room. The SOA has an approved list of calculators that can be used. They are the following: BA-35.