Can You Over Prepare?

As an actuarial student, I strive to pass my exams on time and on the first try. When I was studying for Exam P, I made sure to take advantage of every resource available. First and foremost, class laid the foundation for me to begin reinforcing the material with supplemental methods. Most students also take notice of the recommended literature the SOA/CAS suggests to make sure you’re exposed to all the material that you could possibly be tested on. A lot of these actuarial texts come from Actex Publications and they certainly have proven to be a good read and provide a good question base to tackle during a commute or light read. Be sure to read your books a few times because there is certainly a lot more you can learn during the second round. Next, it is essential to enroll in Coaching Actuaries products and start to satisfy your need to answer as many practice questions as possible before exam day. If your school or city offers it, be sure to also enroll in a review class that gives you the opportunity to relearn material in person and hear it from a different teacher. Each person has their own way of explaining these difficult actuarial concepts; if one were to exclusively rely on only one method to study for an exam – then you would be less likely to pass your exam.1488726_10203636548533896_878635459_n

As an actuarial student, I strive to pass my exams on time and on the first try. When I was studying for Exam P, I made sure to take advantage of every resource available. First and foremost, class laid the foundation for me to begin reinforcing the material with supplemental methods. Most students also take notice of the recommended literature the SOA/CAS suggests to make sure you’re exposed to all the material that you could possibly be tested on. A lot of these actuarial texts come from Actex Publications and they certainly have proven to be a good read and provide a good question base to tackle during a commute or light read. Be sure to read your books a few times because there is certainly a lot more you can learn during the second round. Next, it is essential to enroll in Coaching Actuaries products and start to satisfy your need to answer as many practice questions as possible before exam day. If your school or city offers it, be sure to also enroll in a review class that gives you the opportunity to relearn material in person and hear it from a different teacher. Each person has their own way of explaining these difficult actuarial concepts; if one were to exclusively rely on only one method to study for an exam – then you would be less likely to pass your exam.

Nevertheless, all these different resources are digitally available for nearly every exam one way or another. Currently, I am applying these mentioned techniques toward the Financial Mathematics exam that I will take during the December sitting.

As I continue to study for my Financial Mathematics exam, I also look to additional resources that are available for a student to take advantage of. Whether it is going to be a physical book, an online engine, or another class – it is crucial to use multiple methods of learning to ultimately reinforce the material to a point where you will know the topic inside and out.

Those who just started studying for their first actuarial exam may feel confident in their abilities and conclude that they only need one or two different resources to prepare for the exam. This may be the case, but it couldn’t hurt to over prepare. Some of my fellow classmates and friends worry about scoring too high on an exam because a pass is only necessary. Too high of a score means wasted time or over preparing for an exam when one could have been studying for another exam. I think its better to pass with a high score then fail with a five and have to risk study time for the next exam.

Ultimately, an actuarial student should take into consideration all the available options to prepare and take advantage of every single one. There is no such thing as over preparing for an exam.