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Thread: Question about MFE exam textbook

  1. #1
    Actuary.com - Newbie Poster
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    Question about MFE exam textbook

    I'm new to researching info about all the exams so excuse me if I ask some dumb questions here.

    According to beanactuary.com the text for exam 3 (MFE) is Derivatives Markets (Third Edition), 2013, by McDonald, R.L., but as far as I can tell that doesn't seem to be the text people in this section are referring to. Can someone straighten me out on what the best texts are to prepare for this exam?
    Last edited by Paz; May 2nd 2013 at 02:05 PM.

  2. #2
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    My suggestion is the MFE text by Abraham Weishaus. I'm not aware of any recent changes to the syllabus, but most likely he still keeps the material up to date.

  3. #3
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    Thanks for the suggestion.

  4. #4
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    Quote Originally Posted by Iņaki Viggers View Post
    My suggestion is the MFE text by Abraham Weishaus. I'm not aware of any recent changes to the syllabus, but most likely he still keeps the material up to date.
    Dr. Weishaus doesn't publish a text recommended by SOA/CAS. What he does publish is a study manual (as does ACTEX, Mahler, etc.).

    Most people (myself included) use study manuals and refer to the official textbook to clear things up. The benefit to this is Dr. Weishaus (and other manual writers) post on AO and can answer questions as well as other actuaries studying for the exam.

    The downside is that if the study manual says X but the official SOA/CAS textbook says Y, the correct answer on the exam is Y. SOA/CAS doesn't care what study manual you use since they are not reviewed / approved by them.

  5. #5
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    Quote Originally Posted by NoMoreExams View Post
    The downside is that if the study manual says X but the official SOA/CAS textbook says Y, the correct answer on the exam is Y. SOA/CAS doesn't care what study manual you use since they are not reviewed / approved by them.
    I agree, though I should say that Dr. Weishaus gets credit for noting such discrepancies in the study manuals. That makes his manuals pretty self-contained.

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