Financial Risk Manager [FRM] by GARP

Jobs & Careers
2104
@gkrm

Hi

I felt that the exam was a little difficult, unlike I had heard from experienced people.
The thing about Part 2 was that there was a lot of memorization needed. You could never be sure, which part from what chapter is gonna be asked in the exam. In this regard , I feel that the Part 1 exam gave a fair chance. The problems were closed ended and unambiguous.



Any idea about the possible cutoff for Part 2?
2105
@nagesh_frm said:
@gkrmHi I felt that the exam was a little difficult, unlike I had heard from experienced people. The thing about Part 2 was that there was a lot of memorization needed. You could never be sure, which part from what chapter is gonna be asked in the exam. In this regard , I feel that the Part 1 exam gave a fair chance. The problems were closed ended and unambiguous.Any idea about the possible cutoff for Part 2?
Historical Pass rates

2106

Anyone from Pune or Mumbai appearing for May 13 L1 and looking forward to group study, pls pm me..

2107

leolazer Dude, I know the historical pass rates. One can find them on wikipedia. What I am asking is the number of possible correct answers one needs to pass. I mean 50 out of 80 , or more.

2108
@mastermindkapil m from mumbai planning to appear Part 1 in may
2109
@nagesh_frm
There are no absolute cut-off marks as specified and these vary year to year. You may also check my earlier post in this thread where I have given an idea about the methodology for GARP's FRM passing marks calculation.
2110

hi puys,

i took the part 1 on 17-nov and had some issues...

by istake i separated the 2 OMR sheets and so there was some writing mismatch on the carbon copy sheet..

now whether it will create problem in getting my sheet checked/graded or in getting result?

if anyone has any knowledge or experience for this issue, plz post

regards,

2111

FRM 2 was all about Banking norms

2112
@amangaulechha ----If everything falls in place I too will be writing in May 2013...by the way Registration window will be open from dec 1... ATB for May 2013 prep everyone
2113
@shivgan3g If u Can elaborate more banking Norms like Basel or something else TY in advance
2114

guyz dere s mahakali buk centre too in mumbai which gives schweser notes for cfa as well as frm.....

2115
In Om Copy Center near Vile Parle Station (West)- opposite petrol pump at the end of skywalk, you can also get last 10 years FRM practice papers of GARP.

@sadhale said:
guyz dere s mahakali buk centre too in mumbai which gives schweser notes for cfa as well as frm.....
2116
@gkrm said:
In Om Copy Center near Vile Parle Station (West)- opposite petrol pump at the end of skywalk, you can also get last 10 years FRM practice papers of GARP.
However, remember that every year the FRM syllabus changes by 20-25 % So the old practice papers may be totally out of course and you will be spending your time on something that will never be asked in the exam. Also, before 2009, there was no Part 1 or 2 and the sections in the FRM exam were totally different !!

Old practice papers may be just good enough to get an idea of how the paper is asked. That is all.
2117
@leolazer
@leolazer said:
However, remember that every year the FRM syllabus changes by 20-25 % So the old practice papers may be totally out of course and you will be spending your time on something that will never be asked in the exam. Also, before 2009, there was no Part 1 or 2 and the sections in the FRM exam were totally different !!Old practice papers may be just good enough to get an idea of how the paper is asked. That is all.
>> However, remember that every year the FRM syllabus changes by 20-25 %
Change of 20-25% syllabus every year is a little exaggeration in my opinion. The syllabus that is likely to undergo change is Basel-II/III or current issues in Risk Management.Operational Risk can see some additions. Otherwise the main contents--- market risk and credit risk and of course Value at Risk, which constitute bulk of syllabus cannot undergo sweeping change of 20-25% every year. There can be some rearrangement between FRM-I and II and some part that is currently covered under FRM-II can be included in FRM-I but nevertheless that will be anyways included in papers.

Personally I found these papers really useful. Of course I relied more on recent questions papers and not the ones from year 2000. The reason was not just the possible change in syllabus but in old days, in some of the questions, alternatives were not unambiguous and it happened in couple of questions that two alternatives could be assigned as right answer. I also clarified the point with Mr. David Harper of Bionic Turtle. But from 2004 onwards, such ambiguities did not appear in the practice exams. So the point is, start from more recent papers.

>>Also, before 2009, there was no Part 1 or 2 and the sections in the FRM exam were totally >>different !!
This was not a concern for me because I appeared for both levels of FRM on the same day and I did not really care which topics came under FRM-I and which ones were under FRM-II
2118
@gkrm
You are very welcome to your views, analysis and opinions.

If interested, you can refer to my earlier posts on PG (and BT forum also) where I have given a detailed analysis of the syllabus and the changes per year.
2119
@mastermindkapil :- I am also planning to appear for FRM I in 2013..I am from Pune..Please PM me so that we can discuss this further..
2120

I am confused about what to choose between CFA and FRM. pls guide me what would be better option for me.

my profile-

BA (Economics)

MBA finance

LLB

Work ex - 2yrs in credit profile.

Please do suggest what profile i can target by using either CFA or FRM. If i start preparing from dec will this prep sufficient enough for may attempt??

2121
@lovrajiv01 said:
I am confused about what to choose between CFA and FRM. pls guide me what would be better option for me.my profile-BA (Economics)MBA financeLLBWork ex - 2yrs in credit profile.Please do suggest what profile i can target by using either CFA or FRM. If i start preparing from dec will this prep sufficient enough for may attempt??
I would probably suggest neither but something else... write a PM to me with more details about yourself.
2122
@lovrajiv01
Hi
The FRM would limit your options to Risk only, but the CFA would increase your choices. Go for FRM if and only if you have some interest in the field.
Also, for the Risk profiles, guys get picked directly from leading MBA colleges. A lateral breakthrough is hard. On the other hand, a CFA could help you get into a Finance role directly.
And to your second question, is DEC-May time enough for FRM Level 1 prep. I personally gave 8-10 hours a day, and did it in the timeframe of Feb-May.
I am from a non-finance, non-MBA, engineering background. But I found it interesting, maybe that's why , could do it quickly. Also, the math was fun.
The answers, I gave are general in nature, not specific to someone of your background.
Hope that helps.
2123

Hi,


Anybody in need of Garp notes, please let me know.

Thanks