Though there is no required order, it is best to make an informed decision before dedicating hours of studying. Here is the guide:

First-timer: P or FM?

For actuarial students who would like to start taking exams, we recommend choosing your first exam based on the following criteria:

The difficulties of Exam P and FM varies for different people. It is hard to say if one is easier than the other. If you are still not sure about which exam to start with, we recommend going through their syllabi:

Which Exam Does Student Take First?

Here is what our students answered based on a survey result:

Note: please only use this as a reference – not your only deciding factor.