Are the actuarial exams hard? I heard that they're hard. is this proper? Are they like the qualifying checks in grad college? as an example, is the opportunity exam and the monetary math examination comparable to qualifying assessments (e.g. desires months and months of have a look at)?

Chebenk5 2022-09-13 Answered
Are the actuarial exams hard? I heard that they're hard. is this proper? Are they like the qualifying checks in grad college? as an example, is the opportunity exam and the monetary math examination comparable to qualifying assessments (e.g. desires months and months of have a look at)?
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yamalwg
Answered 2022-09-14 Author has 17 answers
I have taken the US SOA exams up through M and taken a qualifying exam at a US graduate school. They are very different kinds of exams and so are a different kind of hard. The mathematics involved in an actuarial exam isn't particularly advanced, but there is a lot of terminology to learn and concepts that you wouldn't spend much time on in math degree. You shouldn't consider them trivial.
My understanding of the later exams is they get closer to quals in character. They are several hour written exams and they serve a similar purpose (making sure you have the required knowledge of the discipline). In particular, there are a set of exams in the US called the EA exams that require memorization and application of a large chunk of IRS regulations. I'm glad I decided to go to grad school before having to take those.
The nice thing about actuarial exams (and I think this is relatively universal) is that once you get a job you will get paid study time and financial rewards for passing them.

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