All versions of the examination are constructed to be of comparable difficulty to one another. For the January 2023 administration of Examination P, an average of 71% correct was needed to pass the exam.

Difficulty: For most people the CPA exams are easier than actuarial exams. Actuarial exams test more difficult concepts and get harder as the candidate progresses through them. Number of Exams: Actuaries need to pass 10 exams in order to be fully qualified, whereas accountants have to pass 4 exams within 18 months.

What is the Exam P pass rate? The pass rate for Exam P is about 41%. Sometimes it's a bit lower and other times it's higher. You can go here to see the pass rate history for all actuarial exams, including Exam P.

Entry-level candidates should be prepared to pass two exams before being seriously considered for employment. However, a candidate with one exam and excellent internship experience is just as desirable as a candidate with two exams and no experience.