Charles Major has accumulated over 40 years of experience in leading students to academic and actuarial exam success. Professor Major leads classes at both New York University and University of North Florida for students preparing for their actuarial exams, specializing in Exams P, FM, and IFM. Professor Major holds a BS in Math and Statistics from University of New Hampshire, MS in Math, Statistics, and Operations Research for Finance from New York University, and is working towards a PhD in Math and Science from University of New Hampshire.
The Exam FM 5-Week Bootcamp provides the following:
- Weekly 2 hour live online class lectures each Sunday which will integrate concept building and technique practicing with problem solving. Live classes are interactive in nature and students are encouraged to ask questions of lead instructor
- Open Forum immediately following each weekly lecture in which students can ask instructor questions related to all topics/exam problem solving
- Weekly problem sets to reinforce material reviewed during live lectures
- Online office hours support available each week
- Private mini-sessions available with instructor to discuss and review specific problem areas
- Q & A email correspondence in which students can always email program instructor questions with quick reply back
- Students can elect to join The Exam FM Discussion Group consisting only of program members to communicate with each other
- All weekly lectures recorded and distributed to program members
Schedule
Live Classes & Subjects
Week 1: 5/9
10:00 AM - 12:00 PM EST
10:00 AM - 12:00 PM EST
1. Intro to Financial Math - What is it all about?
2. Use of the BA II PLUS TVM Keys and other Functions
3. Interest Rates
4. Discount Rates
5. Present Value
6. Future Value
7. Force of Interest
8. Equivalent Rates
9. Equations of Value
10. Force of Interest
11. Applications and Exam Questions
2. Use of the BA II PLUS TVM Keys and other Functions
3. Interest Rates
4. Discount Rates
5. Present Value
6. Future Value
7. Force of Interest
8. Equivalent Rates
9. Equations of Value
10. Force of Interest
11. Applications and Exam Questions
Week 2: 5/16
10:00 AM - 12:00 PM EST
10:00 AM - 12:00 PM EST
1. Annuities - What are they all about?
2. Annuity Immediate
3. Annuity Due
4. Finite and Infinite Series. Arithmetic and Geometric
5. Accumulation Functions
6. Amount Functions
7. Geometric Annuities
8. Arithmetic Annuities
9. Variables Rates
10. Exam Questions
11. Summary of Formulas
2. Annuity Immediate
3. Annuity Due
4. Finite and Infinite Series. Arithmetic and Geometric
5. Accumulation Functions
6. Amount Functions
7. Geometric Annuities
8. Arithmetic Annuities
9. Variables Rates
10. Exam Questions
11. Summary of Formulas
Week 3: 5/23
10:00 AM - 12:00 PM EST
10:00 AM - 12:00 PM EST
1. Loans Overview
2. Amortizing Loans
3. Sinking Funds
4. Varying Payments
5. Outstanding Balances
6. Calculator Tricks
7. Bonds Overview
8. Bond Pricing
9. Calculator Use for Bonds
10. Premium and Discount Bonds
11. Callable Bonds
12. Exam Questions
2. Amortizing Loans
3. Sinking Funds
4. Varying Payments
5. Outstanding Balances
6. Calculator Tricks
7. Bonds Overview
8. Bond Pricing
9. Calculator Use for Bonds
10. Premium and Discount Bonds
11. Callable Bonds
12. Exam Questions
Week 4: 5/30
10:00 AM- 12:00 PM EST
10:00 AM- 12:00 PM EST
1. Single Cash Flow
2. Macaulay Duration
3. Price Sensitivity
4. Modified Duration
5. Convexity .
6. Redington Immunization
7. Rebalancing
8. Exam Questions
9. Open Questions to date All Topics
2. Macaulay Duration
3. Price Sensitivity
4. Modified Duration
5. Convexity .
6. Redington Immunization
7. Rebalancing
8. Exam Questions
9. Open Questions to date All Topics
Week 5: 6/6
10:00 AM - 12:00 PM EST
10:00 AM - 12:00 PM EST
1. Review of Geometric Annuities
2. Review of Bond Computations
3. More on Duration and Convexity
4. Exam Questions
5. Open Forum and Questions
6. Hints and suggestions for success
2. Review of Bond Computations
3. More on Duration and Convexity
4. Exam Questions
5. Open Forum and Questions
6. Hints and suggestions for success