STAM is considered moderately challenging, with a typical pass rate around 40-50%, meaning consistent preparation is essential. The exam is scored on a scale of 0-10, and you need a score of 6 or higher to pass. Most candidates benefit from 100-150 hours of focused study time, though this varies based on your background in probability and mathematics.

Personalized 1-on-1 instruction allows a tutor to identify your specific weak areas—whether that's probability theory, financial mathematics concepts, or exam-style problem solving—and create a targeted study plan. Tutors can also teach you effective time-management strategies for the exam format, help you practice with realistic problems, and build confidence in areas where you struggle most.

Many students struggle with the breadth of topics covered—STAM requires solid understanding of probability, calculus, and financial mathematics all at once. Others find the exam's problem-solving pace challenging, as you must work through complex calculations under time pressure. Additionally, translating real-world insurance scenarios into mathematical models can be difficult without guided practice and feedback.

Most candidates prepare for 3-6 months, dedicating 10-15 hours per week to studying. A solid schedule includes reviewing core concepts (probability, financial math, life contingencies), working through practice problems regularly, and taking full-length practice exams to build speed and identify gaps. Working with a tutor helps you stay accountable and adjust your focus based on your progress.

Varsity Tutors connects you with expert tutors who specialize in actuarial exam preparation, including STAM. When you get matched with a tutor, you can discuss your current level, timeline, and specific topics you need help with—whether that's probability foundations, financial mathematics, or full-length practice exam review. Tutors work with you flexibly to fit your schedule and learning pace.

Practice tests simulate the actual exam format, timing, and difficulty level, helping you identify which topics need more work and whether you can manage the pacing. Taking full-length practice exams under timed conditions also builds test-taking stamina and reduces exam anxiety. A tutor can review your practice test results with you, explain where you went wrong, and help you develop strategies to avoid similar mistakes on test day.

In your first session, a tutor will typically assess your current knowledge of probability, financial mathematics, and life contingencies to understand your baseline. They'll ask about your timeline, goals, and any areas where you feel least confident, then create a personalized study plan that addresses your specific needs. This foundation helps ensure every subsequent session builds toward your goal of passing STAM.