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Financial Risk Manager [FRM] by GARP
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gurjotsingh gurjotsingh is offline
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Re: Financial Risk Manager [FRM] by GARP - 07-05-2009, 11:01 AM

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Originally Posted by Rahul_25 View Post
Hello All,

I am 2009 FRM Aspirant, We have a online Group.. where we share study Materials & Q Banks

Please share if you people have Bionic Turtle Q Banks & Essesntial of Ecnometrics by Gujarati.........

Any one like to Join our online Group plz let me know...


Rahul (Mumbai)

9967241245
Hi Rahul
I will like to join your online group
Let me know what needs to done from my side
Regards
Gurjot


Class of MDI 2008-2010
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Re: Financial Risk Manager [FRM] by GARP - 08-05-2009, 04:41 AM

hey guys.... m an engineer wid MBA( fin) frm IBS hyd ... currently working as a research analyst in a startup offering risk solutions to the banks...obviously startups dnt pay u much ..n as soon as d recession ends... i want to switch to a bigger firm ... i have applied fr FRM 2009.. but still wondering abt my future job prospects after dat... cn any1 throw sum light at what all companies r dere in dis field where i can apply .. n what designation... @ d garp site.. d jobs r of senior analyst but i was wondering if i cn get 1 just on the exp of 1 year plus garp..
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Re: Financial Risk Manager [FRM] by GARP - 12-05-2009, 10:11 PM

hello everyone
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Re: Financial Risk Manager [FRM] by GARP - 13-05-2009, 12:52 AM

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Originally Posted by sai.ksrinivas View Post
Hi Anil,
im planning to appear for 2009. could you pls answer this -
For core readings -do we get a copy(compiling only the required chapters from all books) from Laxmi xerox or do we need to buy all the books mentioned and study the particular chapters seperately ?? if we hav to buy all books its pretty expensive right? how did you collect your materials?

i have a MBA(fin) but does not have math background.So i planning to start with FRM handbook -supplementing each of its chapters with material from schwesers or bionic turtles and Hull.. Do you think its a good strategy for clearing FRM?

Thanks,
Srini
I am also appearing for FRM 2009. what's Laxmi xerox? Is it some publisher i can get in delhi too?
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bitan bitan is offline
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Re: Financial Risk Manager [FRM] by GARP - 13-05-2009, 12:22 PM

oops.... some fault in server led posting of one message thrice

Last edited by bitan; 13-05-2009 at 12:49 PM.
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bitan bitan is offline
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Re: Financial Risk Manager [FRM] by GARP - 13-05-2009, 12:41 PM

I am an Engineering graduate in Biotechnology and have taken admission in MBA. I have no work -experience.
I have no idea whatsoever of finance and economics … Initially wanted to appear for CFA but its a long drawn commitment and exams are not held here.I am interested in appearing for FRM level 1 in May 2010. And i want to start my preparations now as i need a lot of time to get initiated…..

Fortunately I got a lot of books from college library and seniors which contains a substantial amount of the core readings for level 1…...

1. Financial management and analysis by Fabozzi…(suggested by a senior as an introduction to finance)

2. Mathematical Statistics and Probability by Saxena and Gupta . Senior said to do this before touching Gujarati as i have no background in mathematics. Last time mathematics done by me was in my first year in 2005

3. Bruce Tuckman 2nd ed.

4. Hull 6th ed.

5. Value at risk 2nd ed.

6. commodity Derivatives by Schofield.

7.Derivative markets by Robert mc Donald

8.portfolio theory and performance analysis by noel amenc

9 Derivatives Markets, Valuation, and Risk Management by robert e whaley

10. Credit Risk Measurement by Lind allen and anthony saunders.

11. handbook of fixed income derivatives by fabozzi

I also have schweser 2009 notes.

Though a few of the above books are not in core readings but i tallied their contents vis-a-vis the garp 2009 study guide and found that most topics have been covered, except credit risk management, modeling, measurement etc.

Do you think that i have enough materials and i can make the cut for level1 this novemeber only instead waiting till next year?? I am totally free in june and july (my MBA begins in august) and can estimatedly devote around 2 hours daily august onwards.
Do you think this much of time will be enough to finish and revise level 1 or should i stick to my original plan of appearing next year, given i am a complete novice in this area?

A quick reply will be appreciated

Last edited by bitan; 13-05-2009 at 01:00 PM.
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Re: Financial Risk Manager [FRM] by GARP - 13-05-2009, 07:19 PM

from where did u get scheswer 2009 notes buddy.. I heard they will be out only by July.????..Anyways wont be able to advice u too much on this as I have still not started my preparation..I ll ask a few people and let u know...
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Re: Financial Risk Manager [FRM] by GARP - 13-05-2009, 07:56 PM

@bitan

Firstly , I feel you have chosen the right set of books that are best in the finance literature , however try not to get bogged down by the chapters in the textbook , mainly becasue each author uses different notations and different methodology.
Mind you these text books are good if you have a guide/prof to help you or these texts are being used in the class , certainly it will give a great deal of info on the subjects and solidyfy your concepts , but refrain from using multiple textbooks for same topics for example you have mentioned above that you are referring handbook of fixed income derivatives by fabozzi and also Bruce Tuckman 2nd ed .

IMO ..Fabozzi(Handbook) is the bible for fixed income and the explainations are very lucid ..whereas Bruce Tuckman uses different(complex) mathematial notations and I found his explanations a bit abstruse .

Secondly, these text books are good for understanding the subject ,but definately would not give you any idea of the questions you may be tested in the exam .so drill down questions from previous q papers or schweser practice exams

Hull is a great reference book for Derivatives,I feel there is no need to read derivatives from multiple texts.Also I suggest you to answer the end of chapter questions given in Hull and the assignment questions in excel spreadsheet ,which would give you a great deal of understanding

If I were you I would read the relevant readings from the above mentioned textbooks and then polish it off by using Schweser + Jorion (FRM Handbook 5th ed)
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Re: Financial Risk Manager [FRM] by GARP - 14-05-2009, 11:25 AM

@prasadhegde

Is there much difference between 4th and 5th edition of Jorion (FRM handbook) ???

Last edited by vjrocks; 19-05-2009 at 02:15 PM.
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Re: Financial Risk Manager [FRM] by GARP - 18-05-2009, 04:09 PM

Hi, Plz if any1 has soft copy of Jorion, Value-at-Risk, 3rd Edition plz PM me
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