ActuarialExam FM14-week plan
Balanced pace

14-Week SOA Exam FM Study Plan

A 14-week SOA Exam FM study plan covers roughly 100 hours at ~7 hours per week. The sweet spot for most working candidates on Exam FM. 7 hours per week is enough for full coverage plus meaningful review and multiple mock exams.

Timeline
14 weeks
Hours per week
~7
Total hours
~100
Plan setup
ExamSun, Aug 30, 2026· Week 1414 weeks · ~7h/week

14-week Exam FM activity tracker

A visual preview of how exclam.ai turns this 14-week plan into daily reading, flashcard, quiz, review, and mock streaks. Adjust the start date and review week to match your exam timeline.

Preview · planner-style activity
0 / 4
EP today
3d
projected
55
study days
7h
100h total
14w
to exam
JunJulAug
lighter dayfull targetforecastModule startReviewMocksExam

Week-by-week module breakdown

A 14-week Exam FM plan walks the syllabus module-by-module before transitioning into review and mock phases. Module weeks are allocated proportional to SOA topic weights — heavier-weighted modules get more time, lighter ones either get a single week or pair with adjacent topics on intensive paces.

Module 1 of 8
Week 1
Exam weight 10–15%
Time Value of Money

Interest rates, discount rates, present and future value, and the relationships between different interest measurement conventions. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 2 of 8
Week 2
Exam weight 15–20%
Annuities

Level and varying annuities paid annually or more frequently, annuities due and immediate, and deferred annuities. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 3 of 8
Week 3
Exam weight 10–15%
Loans

Loan repayment, amortization schedules, sinking funds, and varying loan payments. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 4 of 8
Week 4
Exam weight 10–15%
Bonds

Bond pricing, yield to maturity, premium and discount, and book value schedules. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 5 of 8
Week 5
Exam weight 15–20%
General Cash Flows and Portfolios

Valuing arbitrary cash flow streams, net present value, internal rate of return, dollar-weighted and time-weighted returns. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 6 of 8
Week 6
Exam weight 10–15%
Immunization

Portfolio immunization strategies, Redington immunization, full immunization, and asset-liability matching. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 7 of 8
Week 7
Exam weight 0–5%
Interest Rate Swaps

Basic mechanics of interest rate swaps, including fixed and floating legs and swap rate determination. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Module 8 of 8
Week 8
Exam weight 0–10%
Determinants of Interest Rates

Economic and market factors that shape interest rates, including inflation, risk premiums, and the yield curve. Build flashcards covering every learning objective and quiz yourself before moving to the next module.

Phase: Review
Weeks 9–11

Review

Weak-topic drilling. exclam.ai surfaces topics where you underperformed during coverage and re-quizzes them. Daily FSRS flashcard reps across all 8 topics to prevent decay. Start doing timed question batches focused on the heaviest-weight sections.

Phase: Mocks
Weeks 12–14

Mocks

Full-length Exam FM practice exams under timed conditions. Target one mock every 3–5 days. Same-day error review: for every question you miss, re-derive the solution from scratch. Taper in the final 3 days — light flashcards only.

What this plan covers

Exam FM has 8 topic areas. This plan allocates time across all of them, weighted by the approximate exam weights.

Is a 14-week plan right for you?

This plan works if…

  • You can commit 7 hours per week
  • You want full coverage plus meaningful review and mock time
  • You are working or studying full-time alongside prep
  • You want a sustainable pace without burnout

Consider a different plan if…

  • ×You have less than 5 hours per week available
  • ×Your exam is fewer than the full plan length away

Other Exam FM durations

Start your 14-week Exam FM plan

Upload your ACTEX manual, scanned ASM pages, TIA handouts, or your own notes, exclam.ai builds the fully guided plan for you. Free to start.

See pricing