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What is Exam FAM?

Exam FAM (Fundamentals of Actuarial Mathematics) is a professional examination administered by the Society of Actuaries (SOA). It is one of the preliminary actuarial exams required to become a credentialed actuary.

The exam syllabus builds on concepts covered in Exam P and Exam FM. Therefore, students should aim to pass Exam P and Exam FM before attempting Exam FAM.

Currently, The Actuarial Nexus does not provide comprehensive study materials for Exam FAM.


For exams administered from October 2022 through July 2024, Exam FAM will be offered as two separate exams to qualified candidates. Candidates with transition credit may opt to take Exam FAM-S (Short Term) or Exam FAM-L (Long Term).

Learn more about Exam FAM, FAM-S and FAM-L