In my last post, How to Pass 2 Actuarial Exams in 5 Days, one of my keys to succeeding was planning effectively. My manager had me create a spreaksheet that had each day mapped out three months in advance with my personal time, work time, and study time. I updated this spreadsheet every few days and it let me see if I was getting to far behind in one area.
Everyone studies differently. That being said, planning a study schedule for PA is not different than for any of the other exams. You might have important deadlines, travel plans, or other obligations which need to be accomodated.
This templates gives you a daily deadline. You can move these topics around to suit your needs. This assumes that most of your study time will be available during the two weeks prior to the exam. You can learn fastest by doing problems. The 8 practice exams and solution videos take up most of the study time.
This schedules places most time on modules 5,6,7, and 8 because this is where the most challenging material is. To get the most out of the practice exams, it’s recommended to use the 5-hr and 15 minute time limit during practice. Ideally this will be in one sitting and with no breaks, but it takes everyone a few days of doing these in order to build up the patience to sit down for this long.
One disadvantage to PA, as compared to other actuarial exams, is that the questions are not independent of one another. This means that breaking up study time into 30 minute chunks and just doing a few problems at a time doesn’t work as well because you may need to spend the first 5 – 10 minutes of each study session just reviewing what you did last time.
Why does this basically skip modules 1 - 3?
- You already will get practice with the worked examples later on to learn this
- You have probably already read this chapter if you’re currently in the course
- R programming is already covered by our videos and study guide
- You’ll encounter dozens of examples of Data visualization just by doing practice exams
- Working with data contains legal and ethical considerations which actuaries should consider that are not covered in this course and so this is useful to review.