Exams Released by the SOA and CAS
SOA Sample MFE Exam (76 Questions)
CAS/CIA Fall 2007 Exam 3 (Questions 13-29 are relevant for MFE/3F.)
CAS/CIA Spring 2007 Exam 3 (Questions 3, 4, 12-17, 20, 21, 32-37 are relevant for MFE/3F.)
ActuarialBrew.com has prepared detailed solutions to the relevant questions for the exams listed above. These solutions are available as a free download on the MFE Downloads page of our website.
Note: The SOA has only released the Spring 2007 and the Spring 2009 MFE Exams.
Spring 2012
Exam MFE/3F Study Notes and MFE/3F Exam Information
The Exam MFE/3F Syllabus with learning objectives can be found here.
Check for Updates from the SOA/CAS here.
Please review these SOA-suggested Resources:
Past SOA exam questions and solutions can be found here.
It is especially important for students to work the sample questions from the Exam MFE Sample Questions and Solutions Study Note, as well as the questions from the actual May 2007 and May 2009 MFE Exams (These have been the only MFE/3F exams released by the SOA/CAS so far). Students may also find it helpful to work the questions from our Set of Four Practice MFE/3F Exams.
The Spring 2012 MFE/3F exam is a computer based test (CBT). The CBT rules and procedures can be found here.
The CBT window for Exam MFE/3F will be April 19 - 25. The registration deadline is March 8.
The MFE/3F exam is now a 3 hour exam. With CBT, pilot questions are added, so the exam may very well increase by 5 questions and consist of approximately 30 multiple-choice questions over 3 hours. For more details, visit the Future Actuary. Please check back here or with the SOA and CAS websites for updates. We will update this post as information is released.
Before CBT, the MFE/3F exam had been expanded with 5 additional questions and an extra half hour of exam time since some of the previous exams were published. Previously, the MFE/3F exam has been a 2-hour exam with approximately 20 questions. The Spring 2007 MFE exam consisted of 19 multiple-choice questions and the Spring 2009 MFE exam consisted of 20 multiple choice questions, but since then (and before CBT) the exams have been 2.5 hours with approximately 25 questions each. In any event, at the start of the exam, it is important to note the number of questions in the exam and to allocate your time accordingly,
Exam MFE/3F with CBT now uses a normal distribution calculator. When you are working problems offline, you may want to use the old standard normal table. This table is also provided at the end of our Exam MFE/3F Review Notes, as well as our MFE/3F Review Questions.
Other Useful Exam MFE/3F Links: