[Crash_test_dummy]

Originally Posted by Tumtum

Hi all !!
I came to know from the Laxmi Zerox guys that the new updated 2007 material will be available only at the end of May’07, leaving just 5 months to study for the exam.
Hence, finally after a lot of introspection and comparison about the updated syllabus, I came to a conclusion that despite some differences in the syllabus of 06 and 07 exams, it all boils down to a few extra readings in the newer one and that neither the topic weightage has been changed nor any topic has been removed vis-à-vis the 2006 syllabus.
Hence I ordered the 2006 material from Laxmi and got it y’day itself. The cost is INR1400. The set consists of 6 books consisting of past exam and practice papers.
Keep posting and giving your updates junta !

good idea...i think its waste of time to wait till end of may for the notes...hardly 5% of the syllabus must have changed. So how do you plan to study for the new topics in the 2007 syllabus? Will you again purchase fresh 2007 material at the end of may? Is Schweser sufficient to clear the FRM or do you need additional reference books?

[Tumtum]

Originally Posted by Crash_test_dummy

good idea...i think its waste of time to wait till end of may for the notes...hardly 5% of the syllabus must have changed. So how do you plan to study for the new topics in the 2007 syllabus? Will you again purchase fresh 2007 material at the end of may? Is Schweser sufficient to clear the FRM or do you need additional reference books?

Hi CTD.

The only way I can think of starting it is by

1. Glancing fully through the material and deciding what I know and what I don’t know out of the full syllabus.

2. Time Management: Estimating how much time I will take to complete what I know (also providing a buffer since I am a working professional).

3. Estimating what I don’t know and how much time I will take to complete what I don’t know (buffer funda prevails here too).

4. Arriving at the total time in which I can complete the entire curriculum and also revise it once (deadline is Sept’07-end).

5. Actually starting the study according to the time plan and completing the entire syllabus by September’07-end.

6. Taking time off to practice the mock tests and past papers and also revising the topics that I feel the need to till the exam date.

Prima facie, I find Schweser materials really good. This opinion is based on my reading of the topics that I know from the Schweser material y’day. What I plan to do is buy the CDs of additional papers and practice tests from the Laxmi Zerox ppl once the 2007 material comes through. I won’t buy the whole of 2007 material.

[rajatb]

Hi Tumtum I have also registered for the FRM exam in Nov .
So let me know when the 2007 material comes through.I have the Level 2 Exam in June so will start my preparations only after then.

A couple of my friends who passed the exam last year were telling me that unlike the CFA exam in FRM Schewezer in not enough as they had to clear a lot of concepts from Hull and search for others on the internet.

Also the Operational and Legal risk portion is a toughie in the sense that not only it is quite boring but also has to be mugged up and has a significant weightage (25%).

Rajat

[Anchal Jain]

Hi,

Anyone who has done/doing both CFA and FRM please let me know what percentage of course is similar in FRM and CFA level 1. Actually I was planning to do both CFA and FRM this year. CFA in December'07 and FRM in november'07. Please let me know whether it will be possible for me to clear both the exams at the same time considering the fact that I can dedicate 100-125 hours to studies every month.
Please let me know ASAP as I have to register for FRM at the earliest before the early registration deadline (30th April)for the exam gets over.

Thanks

[rajatb]

Originally Posted by Anchal Jain

Hi,

Anyone who has done/doing both CFA and FRM please let me know what percentage of course is similar in FRM and CFA level 1. Actually I was planning to do both CFA and FRM this year. CFA in December'07 and FRM in november'07. Please let me know whether it will be possible for me to clear both the exams at the same time considering the fact that I can dedicate 100-125 hours to studies every month.
Please let me know ASAP as I have to register for FRM at the earliest before the early registration deadline (30th April)for the exam gets over.

Thanks

I would suggest not taking that route.I know of people who tried a similar thing last year and ended up flunking one of the exams.Passing these exams one at a time itself is difficult let alone two.Also giving 100-125 hours a week wont help much as you need time to assimilate and absorb the material .
There is hardly any overlap between the CFA and FRM course except may up to a little bit for the Quantitative techniques portion.Even after that I would say 90% of the topics are dissimilar.

[manu_chandhok]

Hi puys,

Is ne1 aware of zerox shops in calcutta where Schweser notes(FRM) b available...

~tia

[Tumtum]

Originally Posted by rajatb

A couple of my friends who passed the exam last year were telling me that unlike the CFA exam in FRM Schewezer in not enough as they had to clear a lot of concepts from Hull and search for others on the internet. Rajat

May I know the education and work background of your friends? did they have IB/Research/Risk Mgt background or were they graduates straight out of school or wiothout relevant work-ex? This could answer a lot of questions you see.

Originally Posted by rajatb

Also the Operational and Legal risk portion is a toughie in the sense that not only it is quite boring but also has to be mugged up and has a significant weightage (25%). Rajat

I intend to thrive on it. Since I dont have a quant background (not an engg but a commerce grad), I want to make the most of muggable stuff !

[rajatb]

Originally Posted by Tumtum

May I know the education and work background of your friends? did they have IB/Research/Risk Mgt background or were they graduates straight out of school or wiothout relevant work-ex? This could answer a lot of questions you see.

IIT Grads work ex in Quant Finance(<1 yr) yet for most of the tricky portion like delta,gamma hedging etc they had to look outside Schewezer .
For someone without this kind of a background I would expect it to be even tougher.Anyways these are my personal opinions it may not hold true for others.

[Tumtum]

Originally Posted by rajatb

IIT Grads work ex in Quant Finance(<1 yr) yet for most of the tricky portion like delta,gamma hedging etc they had to look outside Schewezer .
For someone without this kind of a background I would expect it to be even tougher.Anyways these are my personal opinions it may not hold true for others.

Yaar Rajat,

Frankly speaking this Delta Neutral hedging and Gamma and Rho and other Greeks in derivatives are a big time irritant to many (me included). I don’t think it should be a major cause of worry because if there is a letdown in 1-2 topics then Hull or Keith Redhead will supplement it. However other topics I think are discussed in a good amount of detail.

What say?

[rajatb]

Originally Posted by Tumtum

Yaar Rajat,

Frankly speaking this Delta Neutral hedging and Gamma and Rho and other Greeks in derivatives are a big time irritant to many (me included). I don’t think it should be a major cause of worry because if there is a letdown in 1-2 topics then Hull or Keith Redhead will supplement it. However other topics I think are discussed in a good amount of detail.

What say?

That's exactly what I was trying to say that unlike the CFA where you do not need to look outside Schweser in the FRM exam you will have to constantly refer to outside books ,this is not to say that Schweser is not necessary in fact it should be your primary mode of preparation just that you shouldn't expect to clear all your doubts through Schweser.