EXAM FM
Exam FM, also known as Financial Mathematics, is a 3-hour computer-based exam with 30 multiple-choice questions. It assesses fundamental financial mathematics concepts, including valuing financial instruments, interest rates, and swaps. The exam is designed for individuals pursuing a career in actuarial science and requires a basic understanding of calculus and probability.
The Financial Mathematics (FM) Exam assesses candidates’ understanding of fundamental financial mathematics concepts. Candidates apply those concepts to calculate values for various cash flow streams to use with valuing loans and bonds, asset/liability management, and investment income.