2022 SOA FM 考试通过策略

核心原则

确保答对所有会做的题目。FM考试共30题，历史及格分数线约为70%（详见SOA官网），即需至少答对21题。

考场时间管理策略

1. 第一轮答题（快速筛选）：

   • 每道题前30秒评估：
     • 若读题后无法理解题意 → 直接跳过（标记为未答）；
     • 若认为需较长时间才能解出 → 标记后跳过；
     • 若明确解题思路且能快速完成 → 立即解答。
   • 目标：优先锁定21+道可快速解答的题目。

2. 第二轮答题（攻克标记题）：

   • 返回已标记题目，集中精力解决其中较易部分；
   • 避免在单题上耗时超5分钟（15分钟可解2-3题更划算）。

3. 心理建设：

   • 所有选择题分值相同，简单题与难题对通过率的贡献等同；
   • 不必追求满分，21题正确即通过。

备考训练建议

• 练习目标：

  • 最低要求：稳定答对21题；
  • 推荐目标：以23+题为训练基准，降低因失误导致的挂科风险。

• 模拟考试策略：严格按考场时间分配演练，培养跳过难题的决断力。

考题大概分布规律

Section	Minimum	Maximum	Weight
1 - Time Value of Money	2	5	10.00%
1.1 - Interest Rate Definitions	0	2	20.00%
1.2 - Force of Interest	0	2	20.00%
1.3 - All-In-One Relationship Formula	0	2	20.00%
1.4 - Two Exception (Simple & Variable FOI)	0	2	20.00%
1.5 - Time Value of Money	0	2	20.00%
2 - Annuities	6	9	25.00%
2.1 - Level Annuities	0	3	30.00%
2.2 - Non-level Annuities: Geometric	0	3	25.00%
2.3 - Non-level Annuities: Arithmetic	0	3	25.00%
2.4 - More General Annuities and Annuity Tricks	0	2	10.00%
2.5 - Yield Rates and Reinvestment Questions	0	2	10.00%
3 - Loans	4	7	20.00%
3.1 - Loan Amortization	0	5	50.00%
3.2 - More General Loan Payments	0	5	50.00%
4 - Bonds	4	7	20.00%
4.1 - Bond Basics and Pricing	0	3	25.00%
4.2 - Premium and Discount	0	3	25.00%
4.3 - Bond Amortization	0	3	25.00%
4.4 - Callable Bonds	0	2	25.00%
5 - General Cash Flows, Portfolios, and Immunization	6	9	25.00%
5.1 - Spot and Forward Rates	0	2	20.00%
5.2 - Duration	0	2	20.00%
5.3 - Convexity	0	2	20.00%
5.4 - Redington and Full Immunization	0	2	20.00%
5.5 - Exact Matching	0	2	20.00%

Difficulty Level	0	1	2	3	4	5	6	7	8	9	10	Total
1 - Time Value of Money	14	13	19	35	28	23	17	7	16	5	1	178
1.1 - Interest Rate Definitions	3	4	3	11	4	1	1		2		1	30
1.2 - Force of Interest	2		3	1	2	1		1	1			11
1.3 - All-In-One Relationship Formula	2	1	4	1					1			9
1.4 - Two Exception (Simple & Variable FOI)	1	3	2	11	18	12	13	4	7	2		73
1.5 - Time Value of Money	6	5	7	11	4	9	3	2	5	3		55
2 - Annuities	12	22	32	42	51	61	78	56	65	24	20	463
2.1 - Level Annuities	8	4	9	10	12	15	20	8	20	10	7	123
2.2 - Non-level Annuities: Geometric		2	1	3	4	6	15	11	7	1	1	51
2.3 - Non-level Annuities: Arithmetic	3	7	9	11	13	9	11	13	6	3		85
2.4 - More General Annuities and Annuity Tricks		4	13	9	14	16	15	11	22	9	10	123
2.5 - Yield Rates and Reinvestment Questions	1	5		9	8	15	17	13	10	1	2	81
3 - Loans	4	10	14	30	33	32	31	21	22	12	7	216
3.1 - Loan Amortization	4	8	12	22	21	15	14	5	7	9	4	121
3.2 - More General Loan Payments		2	2	8	12	17	17	16	15	3	3	95
4 - Bonds	4	5	21	23	28	38	23	25	12	4	4	187
4.1 - Bond Basics and Pricing	2	3	15	16	20	23	13	10	4		1	107
4.2 - Premium and Discount	1	1	1	1		1	1	1	1	1		2
4.3 - Bond Amortization			2	4	4	6	7	9	5	1	1	39
4.4 - Callable Bonds	1	1	3	2	4	8	2	5	2	3		31
5 - General Cash Flows, Portfolios, and Immunization	1	10	21	37	41	37	19	35	23	13	18	255
5.1 - Spot and Forward Rates		4	6	5	4	3	2	2	2	2		30
5.2 - Duration		2	9	19	16	12	9	16	7	6	11	107
5.3 - Convexity			1	2	1	2		1	1	1	5	14
5.4 - Redington and Full Immunization		2	3	7	12	10	6	11	8	3	2	14
5.5 - Exact Matching	1	2	2	4	8	10	2	5	5	1		14
Total	35	60	107	167	181	191	168	144	138	58	50	1299