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The workshop also points to BAS, SOA, and CAS websites for more information.","Answer",{"name":66,"@type":61,"acceptedAnswer":67},"What are the exam format and passing targets for Exam P/1 and Exam FM/2?",{"text":68,"@type":64},"Exam P/1 includes 30 multiple-choice questions in a 3-hour exam with an average passing rate of 42%, a 71% pass mark, and a score scale where at least 6/10 is needed. Exam FM/2 includes 30 multiple-choice questions in a 2.5-hour exam with an average passing rate of 48%, a 70% pass mark, and at least 6/10 to pass.",{"name":70,"@type":61,"acceptedAnswer":71},"What recent changes affect the ASA pathway and available exams starting in 2023?",{"text":72,"@type":64},"Exam IFM has been eliminated, and in the updated pathway credit toward ASA/FSA may be earned through either IFM or ATPA, but starting in 2023 only ATPA will be available. 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Exam Study Plan  \n1. Introduction to Actuarial Exams  \n2. Exam Registration  \n4. What To Know About Exam Day  \n1/31/23 © UCLA BAS 2022 2  \n01.  \nIntroduction to Actuarial Exams  \n1/31/23 © UCLA BAS 2022 3  \nWhy Take Actuarial Exams?  \n Exams are necessary to be an actuary  \n Many internships are given only to those with exams passed  More information on BAS, SOA, and CAS websites  \nTypical exam schedule:  First internship: 1-2 exams (P or FM)  \n Before graduation: 2-4 exams (ie. SRM/PA, FAM/ALTAM/ASTAM)  \n1/31/23 © UCLA BAS 2022 4  \nSOA vs. CAS  \n• For Health, Life, & Retirement  \n• Associate of the Society of Actuaries (ASA) - > first 7 exams  \n• Fellow of the Society of Actuaries (FSA) - > 6 specialty tracks, 3 exams  \n• For Property and Casualty  \n• Associate of the Casualty Actuarial Society (ACAS) - > first 7 exams  \n• Fellow of the Casualty Actuarial Society (FCAS) - > 3 exams  \n1/31/23 © UCLA BAS 2022 5  \nExam P/1: Probability  \n Fundamental probability tools used for quantitatively assessing risk  \n Usually the first actuarial exam (can also take FM first)  \nCorresponds to Math 170E (or Math 170A/B)  Exam registration fee: $250  \n3-hour exam, 30 multiple-choice questions Average passing rate: 42%  \n Pass mark: 71%(equivalent to >22/30)  \nScore scale: 0-10 (at least 6 to pass)  \n1/31/23 © UCLA BAS 2022 6  \nExam FM/2: Financial Mathematics  \n Fundamental concepts used in calculating present/accumulated values for cash flows  \nCan also be taken as a first exam  \nCorresponds to Math 177  Exam registration fee: $250  \n2.5-hour exam, 30 multiple-choice questions Average passing rate: 48%  \n Pass mark: 70%(equivalent to >22/30)  \nScore scale: 0-10 (at least 6 to pass)  \n1/31/23 © UCLA BAS 2022 7  \nRecent Changes  \n Exam P and FM will require less preparation (more accessible and elimination of outdated content)  \n Exam IFM eliminated (shift in ASA pathway towards data analytics and certain key concepts will be tested elsewhere in the pathway)  \n Exams LTAM and STAM will be replaced with new exams:  \n Fundamentals of Actuarial Mathematics (FAM)  \n Choice of either Advanced Long-Term Actuarial Mathematics (ALTAM) or Advanced Short-Term Actuarial Mathematics (ASTAM)  \n Introduction of a new course-Introduction of Advanced Topics in Predictive Analytics (ATPA)(increasing our already strong data analytics coverage)  \n Two new e-Learning modules (offering an increasing emphasis on AQ/EQ topics) with a shorter, streamlined FAP course – Pre-Actuarial Foundations and Actuarial Science Foundations  \n VEE requirements, Exam SRM, Exam PA, and APC seminar remain unchanged  For more information, see this link  \n1/31/23 © UCLA BAS 2022 8  \nRecent Changes  \n IFM/ATPA Considerations  \nThe requirements for ASA, and therefore for FSA by implication, will be having credit for either IFM or ATPA Any candidate earning an ASA based on IFM will not be required to pass ATPA to earn an FSA  \n The last administration of IFM was in November 2022  Starting in 2023, only ATPA will be available  \n1/31/23 © UCLA BAS 2022 9  \n02.  \nExam Registration  \n1/31/23 © UCLA BAS 2022 10","cbCailTPOsokTEQL","https://ap.wps.com/l/cbCailTPOsokTEQL","pdf",1571900,29,"English","# Agenda\n## Exam Study Plan\n## Introduction to Actuarial Exams\n## Why Take Actuarial Exams?\n## SOA vs. CAS\n## Exam P/1: Probability\n## Exam FM/2: Financial Mathematics\n## Recent Changes\n## Exam Registration","[{\"question\":\"Why should students take actuarial exams?\",\"answer\":\"Actuarial exams are necessary to become an actuary, and many internships require exams to be passed. The workshop also points to BAS, SOA, and CAS websites for more information.\"},{\"question\":\"What are the exam format and passing targets for Exam P/1 and Exam FM/2?\",\"answer\":\"Exam P/1 includes 30 multiple-choice questions in a 3-hour exam with an average passing rate of 42%, a 71% pass mark, and a score scale where at least 6/10 is needed. Exam FM/2 includes 30 multiple-choice questions in a 2.5-hour exam with an average passing rate of 48%, a 70% pass mark, and at least 6/10 to pass.\"},{\"question\":\"What recent changes affect the ASA pathway and available exams starting in 2023?\",\"answer\":\"Exam IFM has been eliminated, and in the updated pathway credit toward ASA/FSA may be earned through either IFM or ATPA, but starting in 2023 only ATPA will be available. LTAM and STAM are replaced by FAM plus either ALTAM or ASTAM, and a new ATPA course and streamlined FAP course with e-learning modules emphasize AQ/EQ topics.\"}]","Introduction to Actuarial Exams Workshop - Exam Study Plan - 2023 | PDF",1790271463,73]