STAM is generally considered more challenging than Exam P because it combines probability concepts with applied financial mathematics and insurance-specific scenarios. While Exam P tests foundational probability, STAM requires you to apply those concepts to real-world actuarial problems, which demands deeper problem-solving skills and faster calculation abilities under time pressure.

Most candidates spend 200-300 hours preparing for STAM, typically over 3-6 months depending on your background and study intensity. If you have strong math fundamentals from passing Exam P, you may need less time; however, mastering the financial mathematics and insurance applications components requires consistent, focused practice.

Students typically find the financial mathematics section—including interest theory, annuities, and bonds—the most challenging, along with applying probability to insurance models and managing time during the exam. Many also struggle with the transition from pure probability (Exam P) to applied actuarial modeling, which requires both conceptual understanding and computational speed.

Practice tests are essential for STAM success because they help you identify weak topics, build speed and accuracy, and get comfortable with the exam format and question styles. Taking full-length practice exams under timed conditions 4-6 weeks before your test date allows you to refine your strategy and build confidence before the actual exam.

Personalized 1-on-1 instruction allows tutors to identify your specific knowledge gaps—whether in financial mathematics, probability applications, or exam pacing—and create a targeted study plan tailored to your learning style. Expert tutors can also teach you efficient problem-solving techniques and help you build the confidence needed to tackle complex, multi-step actuarial problems under time constraints.

Varsity Tutors connects you with expert tutors who have passed STAM and understand both the technical content and the most effective study strategies. When you reach out, we match you with a tutor whose experience and teaching approach align with your goals, whether you need comprehensive exam prep or targeted help with specific topics.

Your first session typically includes an assessment of your current knowledge, a review of your study goals and timeline, and identification of your strongest and weakest areas. Your tutor will then create a personalized study plan and begin working on foundational concepts or your most pressing weak spots, depending on how much time you have before your exam date.