How I cleared Actuarial exams in the First Attempt
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In this my first article I am going to explore the points, which I personally have been used to clear Actuarial exams in the first attempt. Actuarial exams progress is so important while you are in graduation or working as an employee in any company. For clearing exams, too many late-night studies, Doubt-solving, Stressful chapters, etc invested by the student, but if after this all, If the student fails to clear the exam it disappoints anyone, but don't lose hope.
Someone truly said,
" Hard work is the only way to SUCCESS"
I gave the first actuarial exam in Sept-2017, In 2 years I cleared 6 actuarial exams. The strategy before studying is below.
I personally follow the below points to clear the exams, I hope you find it helpful.
1. Start from the basics
When you are going to start preparing a new exam, always start with the basics. Sometimes without clearing basics, we go to the advanced chapters or sums but always one thing you must always clear that till when you will not clear basics; easy chapters and sums also seem hard.
At the time of studying, I am always used to start with the basics. Understand the basics as many times as you can, because once you clear basics you can easily solve sums.
In the exam, if the difficult question being asked by the paper setter, and if you know basics, you can at least solve basic parts and get sufficient marks to pass.
2. Make handwritten notes
Sometimes you rely on the notes provided by others, but it is best if you make your own handwritten notes as it will help to summerise fast than using other's notes. Like, after you complete your daily target and you make handwritten notes of the topics you completed, you can revise it easily.
The study reveals that if you go through the handwritten notes within 24 hours, it increases your memory by as much as 70 percent.
Handwritten notes are also helpful at exam time to go through the all-important points.
3. Highlight the important points
If you are using hardcopy for preparing for the exam, always underline or highlight important points in each chapter. This helps you to remember again when you come back to that chapter again.
Highlighted points help to remember all the important points on the exam day.
One more important point is that when you find some topic difficult or very much likely to ask in the exam, make some symbols on that topic so that when you revise it again you can give more attention to that particular point.
4. Practice the sums
If you are giving practical exams like CM1 (CT1 + CT5), CS1(CT3), CS2 (CT4 + CT6), CM2(CT8), It is required to practice all the sums as many times as you can.
Sometimes we do not give importance to easy sums and skip them, but to increase the chance of passing exams, it is necessary to calculate all the sums.
In Actuarial exams, formula book is given at the Exam center but must prefer you to remember as many as formulas you can. This saves your time in the exam hall to find the formulas from formula book, practicing the sums are the only way to remember the formulas.
5. Don’t believe that you read everything
Do not make the mistake to believe that, I read everything and no need to revise again. There are always many topics that need to revise again and again.
Sometimes this costs badly in exams if topics were not prepared properly and the question asked from that topic.
6. Do not waste time on the topics that are really hard to prepare if you have less time
If you have really less time for preparing for the exam, but you completed 70-80 percent course and you are trying to finish the whole course that is good, but if that 20-30 percent part taking more time, and you are sure that you can not learn then skip it, Just try to cover the basics of that and focus on 70-80 percent part. Try to achieve full marks in that 70-80 part, that's the symbol of smart study.
You can use the same strategy while giving an exam, do not waste more time on the question you don't know the answer, Jump to the next question and solve the questions for which you know the answer. After that If you have time, try to solve the questions, you don't know the answer, try to complete the basic part of that question.
7. Revise frequently
After completing chapters, do not forget to revise again. All the exams have between 15-20 chapters, so after completing every part of the study-material try to revise it whole again.
This helps to memorize all the important points of the chapters again and again.
Solving past-papers is the best way to exam preparation after completing the whole syllabus. Try to solve the Question-paper on your own and then self assess it, find the mistakes you have been done, and the topics that seem difficult for you.
➡ I have included all the points, which I am following at the time of the study. I hope this helps you.
Do you want to learn Excel VBA?
You can download the E-books of VBA from the link given below.
It is very important that you have software skills with Actuarial exams, that help you to land your first Actuarial job.
If you have any doubts regarding Actuarial exams, you can comment below in the comment box or mail me at firstname.lastname@example.org.
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