Announcement: SOA releases passing candidate numbers for October 2024 Exam FM.

Exam and Module Fees

Updated February 16, 2024

This page outlines the cost structure associated with SOA exams and modules. Fees listed below are subject to change. All amounts are in U.S. dollars.

Learn more about: 

  • ASA Fees
    View exam and module fees for preliminary (ASA) exams.
  • FSA Fees
    View exam and module fees for fellowship (FSA) exams.
  • Additional Fee Information
    View information about currency, payment methods, and financial assistance.

ASA Exams and Modules

The fees for the preliminary (ASA) exams include electronic access to the required study notes.

Exam or Module

Fee (USD)

VEE (per topic)

$ 85.00

Probability (P) Exam

$ 260.00

Financial Mathematics (FM) Exam

$ 260.00

Pre-Actuarial Foundations (PAF) Module

$ 210.00

Fundamentals of Actuarial Mathematics (FAM) Exam

$ 390.00

Advanced Long-Term Actuarial Mathematics (ALTAM) Exam

$ 475.00

Advanced Short-Term Actuarial Mathematics (ASTAM) Exam

$ 475.00

Statistics for Risk Modeling (SRM) Exam

$ 340.00

Actuarial Science Foundations (ASF) Module

$ 210.00

Predictive Analytics (PA) Exam

$ 1,170.00

Advanced Topics in Predictive Analytics (ATPA) Assessment

$ 1,195.00

Fundamentals of Actuarial Practice (FAP) Modules and End-of-Module Assessments (EMAs)

$ 520.00

Fundamentals of Actuarial Practice (FAP) Final Assessment (FA)

$ 1,250.00

Associateship Professionalism Course (APC) – Virtual

$ 625.00

Associateship Professionalism Course (APC) – In Person

$ 775.00

FSA Exams and Modules

Study notes for the FSA examinations are not included in exam fees and must be purchased separately.

Exam or Module

Fee (USD)

All Tracks

Decision Making and Communication (DMAC) Module

$ 310.00

Fellowship Admissions Course (FAC) – Virtual

$ 2150.00

Fellowship Admissions Course (FAC) – In-Person

$ 2755.00

Corporate Finance and ERM (CFE) Track

Enterprise Risk Management (ERM) Module

$ 310.00

Enterprise Risk Management (ERM) Exam

$ 965.00

Introduction to CFE Module

$ 310.00

Foundations of Corporate Finance and ERM (CFEFD) Exam

$ 1,275.00

Strategic Decision Making (CFESDM) Exam

$ 1,275.00

Advanced Topics in CFE Module

$ 310.00

Quantitative Finance and Investment (QFI) Track

Enterprise Risk Management (ERM) Module

$ 310.00

Financial Modeling Module

$ 310.00

Scenario Modeling Module

$ 310.00

Quantitative Finance and Investment Quantitative Finance (QFIQF) Exam

$ 1,275.00

Quantitative Finance and Investment Portfolio Management (QFIPM) Exam

$ 1,275.00

Quantitative Finance and Investment Investment Risk Management (QFIIRM) Exam

$ 500.00

Individual Life and Annuities (ILA) Track

Introduction to ILA Module

$ 310.00

Regulation & Taxation Module

$ 310.00

Enterprise Risk Management (ERM) Module

$ 310.00

Life Product Management (ILALPM) Exam

$ 1,275.00

Life Financial Management (ILALFMU/C) Exam – U.S. and Canada

$ 1,275.00

Life ALM and Modeling (ILALAM) Exam

$ 500.00

Retirement Benefits (RET) Track

Social Insurance Module

$ 310.00

Funding and Regulation (RETFRC) Exam – Canada

$ 1,275.00

Enrolled Actuaries Examination (EA-1)

$ 375.00

Enrolled Actuaries Examination (EA-2 Segment F)

$ 375.00

Enrolled Actuaries Examination (EA-2 Segment L)

$ 375.00

Design and Accounting (RETDAU/C) Exam – U.S. and Canada

$ 1,275.00

Enterprise Risk Management (ERM) Module

$ 310.00

Retirement Plan Investment and Risk Management (RETRPIRM) Exam

$ 500.00

Pension Projections Module

$ 310.00

Group and Health (GH) Track

Health Economics Module

$ 310.00

Health Foundations Module

$ 310.00

Group and Health Design and Pricing (GHDP) Exam

$ 1,275.00

Group and Health Valuation and Regulation (GHVRU/C) Exam – U.S. and Canada

$ 1,275.00

Group and Health Risk Mitigation (GHRM) Exam

$ 500.00

Enterprise Risk Management (ERM) Module

$ 310.00

General Insurance (GI) Track

Introduction to General Insurance (GIINT) Exam

$ 350.00

Ratemaking and Reserving (GIRR) Exam

$ 1,275.00

Financial and Regulatory Environment (GIFREU) Exam

$ 1,275.00

Financial Economics, Regulation, and Law Module

$ 310.00

Enterprise Risk Management (ERM) Module

$ 310.00

General Insurance Applications Module

$ 310.00

Advanced Topics in General Insurance (GIADV) Exam

$ 500.00

Additional Fee Information

All fees listed are subject to change.

Reduced exam fees, exam reimbursement, and scholarship opportunities are available to eligible candidates.

Fees should be remitted in U.S. funds (or equivalent) by check, money order, American Express, MasterCard or Visa. Please note that payment in non-U.S. currency may slightly delay the processing of the application. All outstanding exam fees and administrative fees must be paid in full prior to enrollment in future exams.