The Models for Financial Economics (MFE) Exam is a three hour multiple-choice examination. Exam MFE is offered via computer-based testing (CBT).
Computer Based Testing is a Two Step Process:
- STEP 1: Register with the Society of Actuaries
- STEP 2: Schedule a seat at a Prometric Center
The syllabus for Exam MFE develops the candidate's knowledge of the theoretical basis of financial models and the application of those models to insurance and other financial risks. A thorough knowledge of calculus, probability and interest theory is assumed. Knowledge of risk management at the level of Exam P is also assumed. In addition, for Exam MFE, candidates are assumed to be familiar with the earlier chapters of the McDonald text, which are in the syllabus of Exam FM.