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.

To enter the occupation, actuaries typically need a bachelor's degree in mathematics, actuarial science, statistics, or some other analytical field. Students must complete coursework in subjects such as economics, applied statistics, and corporate finance and must pass a series of exams to become certified.