General Exam Order for Students
1) P/1: Probability
2) FM/2: Financial Mathematics
3) MFE/3F: Models for Financial Economics (not completely necessary to take while a student)
4) Depends on where you get hired (see below for further details)
The two tracks, SOA and CAS have overlap in the exams as P/1, FM/2, MFE/3, C/4
Society of Actuaries (SOA) – Retirement/Health/Life
Associate Exams
Exam P: Probability
Exam FM: Financial Mathematics
Exam MFE: Models for Financial Economics
Exam MLC: Models for Life Contingencies
Exam C: Construction and Evaluation of Actuarial Models
Fellow Exams
(Vary based on specific track)
Casualty Actuarial Society (CAS) – Property & Casualty
Associate Exams
Exam 1: Probability
Exam 2: Financial Mathematics
Exam 3F: Models for Financial Economics
Exam LC: Models for Life Contingencies
Exam ST: Models for Stochastic Processes and Statistics
Exam 4: Construction and Evaluation of Actuarial Models
Exam 5: Basic Techniques for Ratemaking and Estimating Claim Liabilities
Exam 6: Regulation and Financial Reporting
Fellow Exams
Exam 7: Estimation of Policy Liabilities, Insurance Company Valuation and Enterprise Risk Management
Exam 8: Advanced Ratemaking
Exam 9: Financial Risk and Rate of Return