I have soft copy of FRM readings from GARP. I'm interested in getting the schweser 2007 notes, so if anyone is interested in exchanging the FRM readings for schweser 2007 notes, pls. mail me at xkiv001@gmail.com. Schweser 2006 notes are OK too.
Re: Financial Risk Manager [FRM] by GARP -
15-05-2007, 11:56 AM
Hi !
Chets here. Planning to appear for nov 2007 FRM. would like to pool in for FRM material. pls let me know. Thanks
Quote:
Originally Posted by Tumtum
Hello guys,
I contacted the Schweser guys (the company that provides notes for FRM exam prep) and they said that they will be out with the notes by Feb-end/March 1st week.
Since the GARP website clearly states that GARP's Risk Management Handbook is not sufficient, it becomes imperative to scout for Schweser notes.
In case anyone of you needs to purchase these notes, we can pool the resources together- not only for Schweser notes but also for a lot of really exciting exam-related content mentioned in the GARP Digital Library on its website.
Hi all,
Now that my CFA lvl 1 exam seems doomed ,I am thinking about FRM.Read all previous posts,excellent work by TumTum to update the junta on FRM.
I just checked out with Laxmi Copy Center for 2007 FRM notes.They said notes will be available latest by 28 May.Does anyone have the latest handbook (ebook) by Jurion ?
Does anyone know how different is the FRM certification from the CFA charter? As in, what happened to the CFA recently...can that happen with FRM as well? GARP is a foreign society too, and I dont think it has AICTE/UGC approval for conducting operations in india either! Sorry for going off topic; Im being a little cautious here, just in case ICFAI sets its eyes on the FRM designation next!! FRM isnt as profitable as CFA yet, but i dont want my first foreign trip to be to kathmandu/colombo/burma
Approvals and celebrations will rarely surround your inner decisions and choices to follow Personal Truth. You will be challenged and taunted: “Who do you think you are, anyways?” And, indeed, through your choices and decisions, that is precisely the question you are answering–to yourself.
A quick update from my side on the progress made so far.
I just finished the module of “Operating & Integrated Risk Management, Legal” (OIRML), which carries 25% weightage in the 2007 FRM exam.
Nice read I must say but it is indeed a lot of reading and understanding.
It needs to be digested to score in this section I must say.
Key points are….
Chapters on Model Risk Management demand more attention. It is a bit abstract as to what they talk about so might require more time assimilating the concepts.
Basel 2 reference readings need to be referred from some other source too. They are very important from the exam point of view but unfortunately not very well covered by the Schweser notes.
Counterparty Risk Management Policy Group-2 (CRMPG2) guiding principles are very important from the exam point of view and one should expect a lot of questions from this particular topic. It contains some 47 principles but if you try to memorize it, you will be screwed. Try and understand them intuitively.
What I feel is that this study module needs to be read repeatedly for success with questions and since it forms a mighty 25% of total weightage, I suggest that those having problems with memorizing set aside some time to focus more on this piece.
The next module that I will take up and finish within another month or so is the Market Risk Measurement and Management (MRMM), which commands 30% weightage in the 2007 FRM exam.
I already have a finance background and have studied the contents of this module once in detail while I was studying for my masters.
However that was a mighty 4 years back (in 2003) and though I do intend to find the ground familiar, I am in no way underestimating the toughness. John C Hull is likely to be by my bedside for the next month apart from the Schweser notes and anyone liking to have any input from my side is most welcome to pour in their queries.
Hope this was useful to you guys. All the best and happy studying till I come up with my next update by June 30, 2007.
BTW CTD, what progress have you made so far studying the MRMM syllabus…any inputs will be greatly appreciated.
Does anyone know how different is the FRM certification from the CFA charter? As in, what happened to the CFA recently...can that happen with FRM as well? GARP is a foreign society too, and I dont think it has AICTE/UGC approval for conducting operations in india either! Sorry for going off topic; Im being a little cautious here, just in case ICFAI sets its eyes on the FRM designation next!! FRM isnt as profitable as CFA yet, but i dont want my first foreign trip to be to kathmandu/colombo/burma
I understand your apprehension buddy but I dont think we need to worry for FRM atleast and that is because ICFAI already has its C-RIM (Certified Risk and Insurance Manager) program in place since the last 10-12 odd years and its doing decently.
For me, I don't care about AICTE cracking whip on GARP because I have a 10-year multiple-entry UK visa ready. If needed, I will go there for the exam aur doston ko bhi mil ke aaoonga.
Tumtum ! dood...even i m considering FRM...wid all the uncertainties regarding the CFA level 2 happening or not ! my current state of mind is such that, after all dat has happened i DONT thnk i'll pass even if the HC decided on the 29'th ( the set date) dat exams wil be held.just lost my tempo.
so looks like eithr ways i dont have ane exam till next june...and if its Level 2...i have alddy done 80% of the work...so the thought of FRM
just 1 thng...is it VERY quant oriented?cuz quant is soemthing dat am not really good at.i dont suck @ quant...but d kinda person who'd avoid it if given the choice...so just want to know if the FRM is a very quant based course?
n is it possible for a commerce bckgrnd grad?
Tumtum ! dood...even i m considering FRM...wid all the uncertainties regarding the CFA level 2 happening or not ! my current state of mind is such that, after all dat has happened i DONT thnk i'll pass even if the HC decided on the 29'th ( the set date) dat exams wil be held.just lost my tempo.
so looks like eithr ways i dont have ane exam till next june...and if its Level 2...i have alddy done 80% of the work...so the thought of FRM
just 1 thng...is it VERY quant oriented?cuz quant is soemthing dat am not really good at.i dont suck @ quant...but d kinda person who'd avoid it if given the choice...so just want to know if the FRM is a very quant based course?
n is it possible for a commerce bckgrnd grad?
I was expecting this offshoot from the AICTE/CFA fiasco. There might be many more like you who would likel to enrol for the FRM.
However, like you have stated in your post,I would offer you a frank advice. What do you want to do with an FRM degree? Are you going to work in the risk management function? If not and if you want to be in research only then I don't think you should be doing it. The key need of the hour is focus and you seem to be losing it as the saying goes "fear multiplies faster than rabbits".
Don't enrol in the FRM just coz you have 1 year in spare....just think if it will be useful to you later. Don't accumulate degrees just for the heck of it. It may end-up without giving you much tangible benefit.
Sorry for discouraging you but as you stated in one of your previous posts, you analyze th high yield industrial stocks and all and that means you are very much into research et al. If I were you and were liking the work that I do, then I wouldn't enrol for FRM since it would not be in my focus list.
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