What are Exam P and Exam FM?
The Actuarial Nexus currently provides study materials for Exam P - Probability and Exam FM - Financial Mathematics, professional examinations administered by the Society of Actuaries (SOA). Exam P also fulfills Exam 1 credit with the Casualty Actuary Society (CAS). Similarly, Exam FM fulfills Exam 2 credit with the CAS.
The Actuarial Nexus is built around practice problems. We take the approach that most of the deep learning for Exam P and Exam FM comes from grinding through many practice problems. The platform also simplifies the studying process by offering comprehensive solutions, unique questions, and numerous other features, including targeted study plans, mock exams, and analytics. By tracking your study habits and progress in a methodical way, you can more easily identify weaknesses and accurately gauge your chance of passing the exam.
Is The Actuarial Nexus Effective?
Previous students who followed the recommendations and met the rigorous (but reasonable) criteria outlined in the study program have passed Exam P on their first try, and although the Exam FM program is still new, the methodology and success from Exam P should translate over to Exam FM. All questions on the The Actuarial Nexus are representative of the difficulty and types of questions on the actual exam. Each question is programmatically assigned a difficulty level from 0 to 10 based on the performance of previous users who attempted the question. Each user also has a dynamic user level, which fluctuates based on the user's performance on the platform. For a more detailed explanation of measuring exam-readiness, see the Getting Started page.
Should I Review Course Material?
In addition to practice questions and mock exams, The Actuarial Nexus also offers written courses. The courses for Exam P and Exam FM are both robust study guides specifically written for the exams. Although it may seem counterintuitive, the courses are designed to supplement the practice questions portion of the platform. This is based on the expectation that most of the deep learning comes from actively solving practice questions. If you already have a general understanding of the exam material, you may not need to review course material.
Exam FM is free until the end of 2023. After that, it will follow the same pricing model as Exam P.
As a new platform, there are various discounts throughout the first year of launch. E-mail email@example.com to inquire about additional discounts.
A Personal Note
Hi there, this is Jeff Yang, the founder of The Actuarial Nexus. I first started this website as a hobby project to combine my passion for education and technology. As the platform grew, I realized that it could be a great resource to help students pass the early exams. I now work full time on The Actuarial Nexus, which includes implementing new features, adding more questions, and eventually expanding into more exams. I mention this because you should know who you are trusting your time and money with. You can learn more about my experience and qualifications here.
As of July 2023, The Actuarial Nexus is listed as an official study resource with the Society of Actuaries. Below are several benefits that this platform offers so you know exactly what you are signing up for. If you have any questions or concerns, please reach out to me through the contact page. For a structured study program, please review the Introduction Page. Many students who meet the criteria outlined in this program have passed on their first attempt. For additional information, please check out the FAQs or dev logs.
The platform was designed with one goal in mind: to help students pass Exam P and FM. I believe that the most efficient method to prepare for these exams is to grind practice problems and mock exams.
That is why the platform is a practice-questions-first platform. There are numerous tools available to customize problem sets and mock exams. You can filter questions by topic, difficulty, and more. You can also create custom problem sets to focus on your weaknesses. Solutions also directly link to the relevant course chapters so you don't have to manually find the relevant material.
There are numerous analytic views to help you track your progress and optimize your studying. This saves you time from having to manually track your progress and allows you to focus on studying.
The platform also offers a pass prediction tool based on your relative performance to other users, as well as a leaderboard so you know where you stand.
Comprehensive Suite of Tools
The platform offers a comprehensive suite of tools to help you prepare for the exam. These include: practice problems, mock exams, courses, and more.
We do not offer video solutions at this time.
Gamification and Social Learning
The platform is gamified to make studying more fun and engaging. You can increase your level and monitor your ranking in the leaderboard. You can also check out other users' profiles to see their progress, question by question, and compare your performance.
You can interact with other users on the platform through forums or through the built-in messenger so it doesn't feel like you are studying alone. Badges and achievements will be implemented in the future (estimated 2024).
The maintenance costs on this platform are low, and these savings are passed onto you. This does not mean that I am absent from the platform. If you have any questions, feel free to post on the site or contact me directly.
Low operational costs does not mean that the platform is low quality. Feedback from initial users has been very positive, and several students have passed Exam P using this platform.
Commitment to Excellence
If you have any suggestions on how to improve the platform for future students, please let me know through the contact page. And how cool would it be to say that you contributed to a platform that helped other students pass their exams?
If you are dissatisfied with anything, please let me know. I will do my best to address your concerns. I will also consider partial or full refunds on a case-by-case basis.