(1) Course description: this 3 credits course is an introduction to the mathematical models used in finance and economics with particular emphasis on models for pricing financial instruments, or "derivatives." The central topic will be options, culminating in the Black-Scholes formula. The goal is to understand how the models derive from basic principles of economics, and to provide the necessary mathematical tools for their analysis. If you are going to be an actuary in future and have completed math437 and math536, then this is the third course for you to prepare the SOA exam IFM even though this is not service course of exam IFM, but I will cover most of materials required by exam IFM.
(2) The IFM Exam is a three-hour exam that consists of 30 multiple-choice questions. It is offered via computer–based testing (CBT). You may see the following test schedule,
|
2020 |
March |
July |
Nov. |
|
Registration Deadline |
Feb. 11 |
June 9 |
Oct. 27 |
|
Paper & Pencil dates* |
March 13 |
July 7 |
Nov. 24 |
|
CBT Dates |
March 13 - 19 |
July 7 - 13 |
Nov. 24 - 30 |
(3) How can I register the test? you may register the test online here https://www.soa.org/Education/Exam-Req/Registration/edu-registration.aspx.
(4) Where should I take the Test?
(5) What kind of calculators can I use in this course? https://www.soa.org/education/exam-req/exam-day-info/edu-calculators.aspx
(6) How many questions in Exam IFM? How are they distributed? https://www.soa.org/globalassets/assets/files/edu/2020/2020-03-exam-ifm-syllabi.pdf
(7) Exam IFM pass rate: http://www.actuarial-lookup.com/exams/ifm
(8) Where can I check the result of the test? https://www.soa.org/education/exams/exam-results/edu-exam-results-detail.aspx.
(9) Where can I find the sample exam? There is no online sample exam for IFM.