Acturial Study Materials

ASM Interactive Study Manual + Videos + Bootcamp for Exam FM

By: Cherry & Shaban

Edition: 17th Edition

View Errata List

Your comprehensive Study Program comes with: 

  • Study Manual

    • Comprehensive syllabus coverage (500+ pages)

    • 9 Chapters organized to help you study 

    • 200+ Examples

    • 570+ Exercises

    • Over 1000 Problems 

    • 6 Full-Length Exams (with over 180 questions)

    • 9 sets of Calculator Notes with detailed instructions

  • Instructional Videos

    • 56 Instructional Videos 

    • 10+ hours of video content 

  • GOAL – Exam Question Database

    • 1500+ problems with detailed solutions

    • 3 Learning Modes spanning 3 Difficulty Levels 

      • Practice: select the syllabus topic(s), level of difficulty and begin.

      • Quiz: select the topic(s), difficulty, number of problems and set the timer.

      • Simulated Exams: 16 comprehensive simulated exams with predetermined problems withheld from the practice and quiz modes. Including 2 Challenge Level exams!

  • Other Ways to Learn

    • 130 Virtual Flashcards to assist with memorization of key formulas and concepts

    • Comprehensive Formula & Review Sheet

  • Better Ways to Organize

    • Study Planner  that follows your manual to take the guesswork out of your study schedule and get you quick access to relevant study materials.

    • Topic Search - fully linked to seamlessly read, watch, and practice

More Information About Your Study Program and Expert Professors

Hal Cherry, FSA, MAAA and Wafaa Shaban, ASA, Ph.D.

The manual shows you tricks and shortcuts for various types of problems, warns you about common traps that students fall into, and tells you how to avoid them.  After each topic there are examples called “Stepping Stones” that are designed to tell you whether you have understood what you have just read, and to serve as a bridge to more difficult exam-level problems.

Harold Cherry, FSA, MAAA, retired as Vice President & Actuary after 33 years at New York Life. Subsequently, he was a consultant at AXA Equitable (now Equitable Holdings) for 17 years.  During his time as a working actuary, he taught courses for actuarial students for over 30 years, sponsored by the Actuarial Society of Greater New York.  He was the publisher of study manuals under the ASM imprint for many years, until their publication was assumed by The Actuarial Bookstore.

Wafaa Shaban, PhD, ASA, Actuarial Science Program Director and Teaching Professor in the Department of Mathematics and Statistics at the University of North Carolina at Charlotte. Since 2003, she has taught Actuarial courses for the "Financial Mathematics" and "Long Term Actuarial Models" exams. Dr. Shaban became an author with the Actuarial Bookstore in 2015 working on GOAL for FM. She later became a co-author of the ASM Manual for FM in 2018.


Overview: This highly intensive, 3-part live online instruction course will meet on the three Saturdays leading up to the exam with one of our two professors: Professor Joe Sadow, MS and Professor Nii Okine, PhD. During the live sessions the exam material will be reviewed, with special focus on harder topics, common errors, and exam strategy. The Professor will guide the class through key examples and answer any particular questions you’d like to discuss. The live bootcamp sessions are recorded and hosted privately for viewing in case you miss a session or want to review a past session. Beyond that, the professor will assign select review exercises to guide your study (through Academic Goal) and be available for Q&A email correspondence. 

Bootcamp Sittings:

Exam FM Sitting

Session 1

Session 2

Session 3

August 2024




October 2024




December 2024




Sessions will begin at 10 am ET.


About your Professors

Joe Sadow holds a masters degree in computational and applied mathematics from Arizona State University, having focused research on numerical approaches to solve inverse problems. After teaching at local community colleges for a year or so, Joe was fortunate enough to start a career in 2019 as an actuarial analyst working on various aspects of California's Medicaid program. Love of teaching and interacting with students has compelled Joe to continue to moonlight teaching college math courses since starting graduate school in 2015. Fortune struck again when Joe partnered with ACTEX in 2021 to help create actuarial exam study materials. During time off, Joe enjoys learning chess, French, and testing out ideas for math videos on his wife, Allison and corgi-chihuahua mix, Clive.

Nii Okine is an assistant professor at the Mathematical Sciences Department at Appalachian State University. He holds a Ph.D. in Business (Actuarial Science) from the University of Wisconsin-Madison and obtained his master’s degree in Actuarial Science from Illinois State University. His research interest includes micro-level reserving, ratemaking, dependence modeling, micro-insurance, and machine learning. He obtained his associate of the Society of Actuaries credential in December 2021.


  • 6-month manual: no printing

  • 12-month manual: 30% printing

License Extensions

  • Extensions of 3-months and 6-months are available, please contact support to purchase.

  • Extensions do not include printing rights and may not be shared, sold or overridden in any way.

Access manual from any device, anywhere

  • Online in your web browser

  • Offline via the free desktop player (PC or Mac)

  • Online/offline via mobile application (Android or iPhone)

  • Take notes & highlight content

Some restrictions apply

  • Access via “My Account/My Learning Tools” section of your account or visit

  • Single user (sharing and/or resale is prohibited)  

  • Access to content on up to four devices

  • Offline use for up to 5 days at a time

  • No returns

Actuarial Study Materials

ASM has been helping students prepare for actuarial exams since 1983. We offer study materials for Exams P/1, FM/2, MLC, MFE/3F, C/4, S and EA-1, EA-2F and EA-2L, written by an outstanding team of authors. ASM Products are sold at ACTEX Learning | Mad River Books and The Actuarial Bookstore.