STAM is a challenging exam that requires strong foundational knowledge in probability and calculus, combined with practical problem-solving skills. The exam includes 35 multiple-choice questions that test both conceptual understanding and computational ability, with a pass rate typically around 40-50%. Most candidates benefit from 100-150 hours of focused study time, combining self-study with targeted instruction to address weak areas and build confidence.

Expert tutors can help you identify knowledge gaps, master difficult probability concepts, and develop efficient problem-solving strategies specific to the exam format. Personalized 1-on-1 instruction allows you to work through practice problems at your own pace, receive immediate feedback on your approach, and build the timing skills needed to complete all 35 questions within the exam period. Tutors can also help you develop a customized study schedule that fits your timeline and learning style.

Many students struggle with probability theory concepts like conditional probability and distributions, as well as applying financial mathematics formulas to complex insurance scenarios. Time management is another critical challenge—students often underestimate how quickly the 3-hour exam passes and need practice working through problems efficiently. Additionally, distinguishing between similar problem types and knowing which formulas to apply in context trips up many candidates.

Most candidates need 3-6 months of consistent study to adequately prepare for STAM, depending on their background in probability and calculus. A typical study schedule includes 15-20 hours per week of combined self-study and tutoring sessions. Starting with foundational probability review, moving through financial mathematics, and dedicating the final weeks to full-length practice exams and weak-area reinforcement gives you the best chance of success.

Practice tests are absolutely critical—they help you identify weak content areas, build exam stamina, and get comfortable with the question format and pacing requirements. Taking full-length practice exams under timed conditions reveals whether you can complete all 35 questions and helps you develop strategies for managing difficult problems efficiently. Most successful candidates complete at least 5-8 full practice exams during their preparation, using results to guide focused review of struggling topics.

Varsity Tutors connects you with expert tutors who have deep knowledge of actuarial mathematics and the STAM exam specifically. When you reach out, you'll be matched with a tutor whose experience and teaching style align with your needs—whether you need comprehensive exam prep or targeted help with specific topics. Tutors can work with your schedule and adapt instruction to your learning pace, making preparation more efficient and effective.

Your first session typically involves an assessment of your current knowledge in probability, calculus, and financial mathematics, along with a discussion of your exam timeline and specific challenges. The tutor will help you understand which areas need the most attention and create a customized study plan that prioritizes high-impact topics. This foundation ensures that all subsequent sessions are targeted and efficient, maximizing your preparation time before exam day.