MSOE’s actuarial science students continue to do well on their Exam P-Probability and Exam FM-Financial Mathematics exams through the Society of Actuaries. For the 2018-19 academic year, 91% of the students who took Exam FM-Financial Mathematics passed the exam, while 83.3% passed Exam P-Probability on their first attempt.  

The average pass rate for exam-takers for Exam P is 48%, and for Exam FM 53% (actuary-lookup.com).  

These exams are the first in a series of tests individuals must pass in order to earn their Associate of the Society of Actuaries (ASA) or Chartered Enterprise Risk Analyst (CERA) designation. Congratulations to our faculty on providing an exemplar actuarial science education and to the students for their hard work.