Passing your first SOA exam while excelling in an actuarial internship in 2025 requires a delicate balance of time management, study strategies, and a dash of personal discipline. As an aspiring actuary, you’re likely no stranger to hard work and dedication, but juggling these responsibilities can be daunting. Let’s break down some practical tips to help you ace your exam and make the most of your internship.

First, it’s essential to understand the structure and content of your SOA exam. For many, the Probability (P) exam is a common starting point. This exam focuses on probability concepts, including general probabilities, univariate random variables, and multivariate random variables. It assumes a basic understanding of calculus and insurance concepts, so if you’re weak in these areas, it’s crucial to brush up before diving into exam prep[2][5].

Now, let’s talk about time management. Balancing study sessions with internship duties can be challenging, but creating a schedule is key. Allocate specific times for studying, and stick to it as much as possible. For instance, if you have a busy internship schedule during the day, dedicate your evenings to studying. You might find it helpful to set aside two hours each evening, Monday through Friday, for exam prep. The weekends can be used for more in-depth studying or reviewing material from the past week.

Another important aspect is choosing the right study materials. There are several excellent resources available for SOA exams, including study guides from ACTEX and Coaching Actuaries. Both offer comprehensive study manuals, practice problems, and video solutions that can help you grasp complex concepts more easily[3][6]. Additionally, using flashcards can be a great way to memorize key formulas and concepts, especially when you’re short on time or need a quick review[2].

Incorporating past exams into your study routine is also beneficial. The Society of Actuaries provides past exams and solutions, which can give you a better understanding of the question types and how to approach them effectively[4]. While not all past questions may be relevant due to syllabus changes, they can still help you develop a strategy for tackling exam questions.

Now, let’s talk about your internship. It’s a fantastic opportunity to apply theoretical knowledge in real-world scenarios and network with professionals in the field. Make the most of it by being proactive and asking for feedback from your supervisors. This will not only help you improve your skills but also demonstrate your commitment and eagerness to learn.

Here’s a practical example of how you can manage your time effectively:

• Monday to Friday: Spend two hours each evening studying for your exam. Use one hour for reviewing notes and another for practicing problems.
• Weekends: Use one day for in-depth studying or reviewing past exams, and the other for relaxation or personal activities.
• Internship: Be proactive during your internship by seeking feedback and taking on additional responsibilities when possible.

To stay motivated, it’s important to have a support system. Joining online communities or study groups can provide encouragement and help you stay on track. Coaching Actuaries, for instance, offers a dedicated community that can be a great resource for both study tips and moral support[3].

In conclusion, passing your first SOA exam while excelling in an internship requires discipline, the right study materials, and a bit of creativity with your time. By sticking to your schedule, using past exams to your advantage, and making the most of your internship, you’ll be well on your way to achieving your goals. Remember, it’s okay to ask for help when you need it, and don’t be afraid to celebrate your small victories along the way—they’ll keep you motivated and focused on the bigger picture.

As you embark on this journey, remember that becoming an actuary is not just about passing exams; it’s about developing a deep understanding of risk management and financial principles that can impact people’s lives. So, enjoy the process, learn as much as you can, and don’t hesitate to reach out when you need guidance. With persistence and the right mindset, you’ll not only pass your exam but also excel in your career as an actuary.