Actuary Exam Prep Book
Writing a Book for Actuarial Students, 2013-2015
The Background of the Problem
Actuary exams require six months of preparation or an average of 300 hours per exam. The textbooks are 1000+ pages of complex math and 56% of people, on average, fail their exam during each attempt. The whole process takes 3 years, on average and a person must pass a minimum of 5 exams to achieve the lowest credential.
The Problem Itself
While I was taking actuary exams, I was frustrated by the lack of peer support and the lack of good high level advice on to how prepare for actuary exams. I was essentially alone in my studies, as was every other actuarial student. The learning curve was extremely expensive because each failed attempt meant another 6 months of studying and waiting. There were no books that gave advice
A Plan for Solving the Problem
I wanted to first confirm if other actuarial students were experiencing the same problems I was. And if they were, I wanted to know what their problems were. So I conducted 5 interviews with actuarial students that had achieved average success during their exams. I identified their largest pain points. I identified the most common questions they had about actuary exams.
I knew that some of the best actuarial exam takers achieved a 100% pass rate but only spent a third of the average time studying. I wanted to find out how they did it and so I reached out to the 5 top actuarial exam takers in the world. I conducted 5 expert interviews and discovered that all 5 actuaries used similar strategies to achieve their phenomenal results. I was also able to bring up the average student’s pain points and get their advice on how to resolve them. I took the interview data and boiled it down to its key ideas.
I wrote a book that answers the most common questions a student will have about actuary exams. The advice comes from the leading experts in the field and my own personal experience as an average student. The strategies provide practical advice to the new student on how to study with maximum efficiency and effectiveness.