To become an actuary, you need to pass a series of exams that tend to be quite difficult. Many people dread Exam P, or the probability exam, the most. However, with the right practice, even this exam can be something that you get through with ease. Here are some tips and strategies that can help you with actuary Exam P practice.
Work With a Coach
Some people prefer self-studying, but working with a coach or mentor makes it easier to prepare for the actuary Exam P. A coach can explain concepts that you are struggling with and try different methods, while if you are studying from a book you are limited to what is already printed on the page. A coach can also give you insider information about what to expect from the exam, as many are actuaries themselves.
Working with a coach also provides more structure to your actuary Exam P practice. Since many people work at the same time as they study for this exam, finding time to study can be hard. A coach holds you accountable and makes sure that you don’t neglect your obligation to study.
Assess Yourself Regularly
Just reading and repeating your notes is not an efficient way to study. Instead, make sure that you regularly assess yourself and quiz your knowledge. That way, you’ll know what you need to study and which sections you’ve safely mastered. An assessment can also give you an idea of what results you can expect from your exam.
