Introduction
What is Exam SRM
Exam SRM - Statistics for Risk Modeling is one of the preliminary exams administered by the Society of Actuaries (SOA). Exam SRM assumes knowledge of probability and mathematical statistics, which are covered in Exam P - Probability and VEE Mathematical Statistics, respectively.
Exam SRM tests the candidate's understanding of mathematical concepts related to Basics of Statistical Learning, Linear Models, Time Series Models, Decision Trees, and Unsupervised Learning Techniques.
Although the official syllabus states, "This exam [SRM] is a prerequisite for the Predictive Analytics [PA] exam", this was no longer the case as of December 2021. However, despite this technicality, it is still highly recommended to take SRM before PA, since many of the concepts on SRM lead into the concepts on PA. As of the January 2024 sitting, 96.4% of students passed SRM before PA.
When Can I Expect Results
Starting in May 2024, a preliminary pass/fail will be displayed on the screen at the conclusion of the exam. Students may also receive a pass/fail document via e-mail. On Exam P and FM, which also displays immediate results, some students have reported not receiving an immediate pass/fail on screen, but receiving a text or e-mail immediately after the exam. In either case, you should have access to your preliminary results shortly after completion of your exam. Although these results are preliminary, it is reasonable to assume that the preliminary pass/fail will match the final pass/fail.
Approximately 8 weeks after your exam sitting, passing candidate names and numbers will be posted on the SOA website. At that point, you will be able to access your 0 to 10 grade.
Additional Information
Please read the syllabus and FAQs carefully as it also includes important information about the exam.
When Can I Expect Results
Starting in May 2024, a preliminary pass/fail will be displayed on the screen at the conclusion of the exam. Students may also receive a pass/fail document via e-mail. On Exam P and FM, which also displays immediate results, some students have reported not receiving an immediate pass/fail on screen, but receiving a text or e-mail immediately after the exam. In either case, you should have access to your preliminary results shortly after completion of your exam. Although these results are preliminary, it is reasonable to assume that the preliminary pass/fail will match the final pass/fail.
Approximately 8 weeks after your exam sitting, passing candidate names and numbers will be posted on the SOA website. At that point, you will be able to access your 0 to 10 grade.
Additional Information
Please read the syllabus and FAQs carefully as it also includes important information about the exam.
Exam SRM is by far the most conceptual of the preliminary exams. The exam is known for its focus on theoretical understanding, rather than computational skills, with at least 60% of the questions being qualitative in nature. The practice questions on the The Actuarial Nexus are designed to reflect this, with a focus on conceptual questions.
Exam SRM is eligible for University-Earned Credit (UEC), meaning that students at qualifying universities can earn credit for the exam without sitting for it. This reduces the number of candidates taking the exam, and may potentially also impact the pass rate.