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.

We all know that actuarial exams are hard. The pass rates vary from 50% on the preliminary/lower level actuarial exams, to 30% on the higher level CAS exams. I've written a short guide providing advice on how to pass actuarial exams, and also my own experiences with studying for actuarial exams.

The current pass rate for Exam FM is 48%. Sometimes it is higher, and other times it is lower. The effective pass rate is 54.3%. This percentage only takes into consideration those candidates who scored at least 50% of the pass mark.

Associate of the Society of Actuaries (ASA) SOA.