Financial Risk Manager [FRM] by GARP

INR 920 is really gr8 price.....

BTW Does that book come with any CD.....

Girish

HI shyam,
i checked out the price for handbook at sterling book store ( near church gate).. its available there for Rs 920 (after discount).. So i was thinking of buying the original as the price difference isnt much from the laxmi plus i will be satisfied about the authenticity of material..
Rahul

Hi,

Let me clarify to you that Sterling Book Depot does not stock Financial Books - Its sister concern BOOKZONE(Just opp Sterling) Stocks all Finance related Books.

I regularly buy books from both of these stores, So I am 200% confident that the Sterling Guy has misheard the Name of the Book.

There is no Indian edition of Philip Jorion Handbook. Again, Bookzone mainly imports all the books, except for some Indian Editions.

I would request you to double check the book in Hand. Also visit Bookzone.

cheers,

Shyam

HI shyam,
i checked out the price for handbook at sterling book store ( near church gate).. its available there for Rs 920 (after discount).. So i was thinking of buying the original as the price difference isnt much from the laxmi plus i will be satisfied about the authenticity of material..
Rahul

hello everybody,
it seems that tempo is building up on this thread as is clear from level of participation of people on this thread. not to mention that shyam is doing a great job. also i see rahul.igidr is bit enthusiastic about the exam. by the way rahul i u from economics stream from igidr mumbai if so then do inform me as then both of us are sailing in same boat myself being ma(economics). also as far as debate regarding gujarati is going on then i would like to say that basic econometrics will be no substitute for essential econometrics as the topics given in AIM statements are not covered in desired way in basic econometrics, it just mentions these topics in appendix in a very light way and assumes u people are familiar with the topics and just need a brush up before starting with hardcore econometrics stuff. hence i think essential econometrics is very different from basic ecomtrics. also i should mention that it is basic econometrics that is more comon in market hence if u go to buy from market dont forget to stress on ESSENTIAL econometrics. hope this ends confusion regarding gujarati. but i also have my own set of problems and hope shyam and other will try to solve it

1. i want to ask people of finance background how much of the frm course did they already have covered in there finance course and which topics are completely alien to them as is to other people of non fin background. as far as my guess goes finance guys are also equally blank about the operational risk part of course. major portions covered already are if i m correct market risk, credit risk, Var . if it be not so then please inform me so that i get an idea about how much extra effort i have to put being non fin background. also if these topics have been covered then were they covered at same depth.

2. also can anybody suggest me the sequence in which i should start studying so that i cover course in most effetive way for eg can i straight away jump to credit or operational risk portion if i desire to do so. i must tell i tried to read the securitisation stuff in credit risk and had smoke coming out of my ears was it bc of wrong sequence of studying

HI shyam,
yes you are right. Handbook is at bookzone only. I mailed the bookzone guy and asked about the handbook and he quoted me the above mentioned price for the book. All the conversation was through e mail so there is no question of not hearing things properly. I will re check the book before buying and i am thinking of visiting the bookstore this weekend.
Rahul

Hi,

Let me clarify to you that Sterling Book Depot does not stock Financial Books - Its sister concern BOOKZONE(Just opp Sterling) Stocks all Finance related Books.

I regularly buy books from both of these stores, So I am 200% confident that the Sterling Guy has misheard the Name of the Book.

There is no Indian edition of Philip Jorion Handbook. Again, Bookzone mainly imports all the books, except for some Indian Editions.

I would request you to double check the book in Hand. Also visit Bookzone.

cheers,

Shyam

Hi street kaba,
Yes i am doing my masters in economics from IGIDR...
Rahul

Hi Rahul,

can u give me the email id of book zone

Girish

HI shyam,
yes you are right. Handbook is at bookzone only. I mailed the bookzone guy and asked about the handbook and he quoted me the above mentioned price for the book. All the conversation was through e mail so there is no question of not hearing things properly. I will re check the book before buying and i am thinking of visiting the bookstore this weekend.
Rahul
Dear Shyam, catparanoid, rahul.igidr, dsylexic, stratmanish, andy_jaan, doraa7,

further update on Schweser,

Spoke to the schweser guys today.
The Schweser notes for FRM 2008 will be available in 3rd week of may only.

Till then i think we have to go ahead with hull and gujrati only.

Cheers,
Girish



Thanks Girish. BTW, are we doing the sharing only for schweser?. What about core readings?. Is everyone buying from GARP or laxmi copy?Lami copy will provide core readings for 1500/ and its available today.

Dsylexic,

have u bought the core readings from Lakshmi Photocopy.
are these core readings complete if yes then we can go ahead with lakshmi xerox.



Dsylexic Says
Thanks Girish. BTW, are we doing the sharing only for schweser?. What about core readings?. Is everyone buying from GARP or laxmi copy?Lami copy will provide core readings for 1500/ and its available today.

Hi,

Its better to concentrate on these 3 modules first, in the sequence

1] Quant Risk
2] Market Risk
3] Credit Risk

The remaining 2 modules are mostly theoretical with Case studies, Its better to do them last.

cheers,

Shyam

hello everybody,
it seems that tempo is building up on this thread as is clear from level of participation of people on this thread. not to mention that shyam is doing a great job. also i see rahul.igidr is bit enthusiastic about the exam. by the way rahul i u from economics stream from igidr mumbai if so then do inform me as then both of us are sailing in same boat myself being ma(economics). also as far as debate regarding gujarati is going on then i would like to say that basic econometrics will be no substitute for essential econometrics as the topics given in AIM statements are not covered in desired way in basic econometrics, it just mentions these topics in appendix in a very light way and assumes u people are familiar with the topics and just need a brush up before starting with hardcore econometrics stuff. hence i think essential econometrics is very different from basic ecomtrics. also i should mention that it is basic econometrics that is more comon in market hence if u go to buy from market dont forget to stress on ESSENTIAL econometrics. hope this ends confusion regarding gujarati. but i also have my own set of problems and hope shyam and other will try to solve it

1. i want to ask people of finance background how much of the frm course did they already have covered in there finance course and which topics are completely alien to them as is to other people of non fin background. as far as my guess goes finance guys are also equally blank about the operational risk part of course. major portions covered already are if i m correct market risk, credit risk, Var . if it be not so then please inform me so that i get an idea about how much extra effort i have to put being non fin background. also if these topics have been covered then were they covered at same depth.

2. also can anybody suggest me the sequence in which i should start studying so that i cover course in most effetive way for eg can i straight away jump to credit or operational risk portion if i desire to do so. i must tell i tried to read the securitisation stuff in credit risk and had smoke coming out of my ears was it bc of wrong sequence of studying

HI Girish
check ur PM for the mail id
Rahul

Hi Rahul,

can u give me the email id of book zone

Girish

Hi all...Did some search on the kind of marks that put you through in FRM..and found that this was the indicative list of quartile scores for the candidates who passed:

Credit Risk Measurement and Management - 2nd quartile
Market Risk Measurement and Management - 1st
Operational and Integrated Risk Management - 1st
Quantitative Analysis - 3rd
Risk Management and Investment Management - 1st

Credit Risk -1st Quartile
Market Risk- 2nd Quartile
Operational Risk -1st Quartile
Quant - 2nd Quartile 😞
Risk and Investment Management- 1st Quartile

Credit Risk -1st Quartile
Market Risk - 2nd Quartile
Operational Risk - 2nd Quartile
Quant - 2nd Quartile
Risk and Investment Management - 2nd Quartile

Credit Risk -3rd Quartile
Market Risk - 1st Quartile
Operational Risk - 2nd Quartile
Quant - 2nd Quartile
Risk and Investment Management - 1st Quartile

Credit Risk Measurement and Management - 2nd quartile
Market Risk Measurement and Management - 1st
Operational and Integrated Risk Management - 2nd
Quantitative Analysis - 2nd
Risk Management and Investment Management - 1st

credit risk: 1st quartile
market risk: 2nd quartile
op risk: 3rd quartile
quant: 3rd quartile
risk & investment management: 1st quartile

credit risk: 3st quartile
market risk: 2nd quartile
op risk: 2rd quartile
quant: 1rd quartile
risk & investment management: 2st quartile

credit risk: 3st quartile
market risk: 2nd quartile
op risk: 2rd quartile
quant: 1rd quartile
risk & investment management: 2st quartile

credit risk: 2nd quartile
market risk: 1st quartile
op risk: 2nd quartile
quant: 1st quartile
risk & investment management: 1st quartile

credit risk: 1st quartile
market risk: 1st quartile
op risk: 1st quartile
quant: 1st quartile
risk & investment management: 1st quartile

So...prima facie, looks like if you can manage around 1st quartile in around 2 sections, and 2nd in the other 2, and may be a third in the last, should be a safe bet...but then, I could be wrong, considering that the candidates who got the quartiles in this proportion might have had really high scores in the sections in which they got 1st quartile...


Btw, i have 2 queries for puys...
1) I've never used a finacial calculator in my life...which one's better ..the TI one or the HP one? And where can I get them from here in Delhi? Would one from Gaffar Mkt be a safe bet? Plan to get used to the calculations early one..was born with two left hands as far as quant goes :oops:
2)Everyone seems to be talking about Essentials of econometrics...i searched the nook and corner of internet, but couldn't find this book anywhere...is there an indian edition of the book in the market? Or would someone care to share a soft copy, if there exists one?

tx...

hey anshuk nice to see someone else frm delhi participating here. well getting straight to job
1. as i have mentioned in my previous posts u can have FRM material and financial calculator in delhi from bharat book depot , ber sarai, near jnu.
2. as far as using calculator is concerned even i m blank and hope guys here on this forum can give a word on this.
3. there r different versions of financial calculator and if i remember correctly shyam somewhere mentioned that it is better to go for PROFESSIONAL version

FRM hand Book 4th edition is already available in hard copy.
Then is it reprinted for FRM 2008 or are there any changes in 4th edition too??
Does anybody have soft copy?

I have Hull . Options, Futures, and Other Derivatives, 6th ed. in soft copy.
Link is :
4shared.com - document sharing - download Options, Futures And Other Derivatives 6Th Edition John Hull (Clear).pdf

Link for Gujarati__Basic_Econometrics :
RapidShare: 1-Click Webhosting

Can somebody share Essential Econometrics!!

One Kind request :
There have been many comments/advices/suggestions by now.
Can someone summarise what should one read for FRM. And also all material & guidance in one message.
Though there are many things but it won't be possible to go through all.

hi shyam,
do u have FRM hand book 4th edition? i downloaded the 3rd edition from net. I am planning to buy the 4th edition.. Is it different from the 3rd.. can u give some links from where i can download some core readings (if available on net)...

Hi Rahul,

I am sure there is some communication gap with the bookzone guy.

I mailed bookzone guys and this is the response I got from Martyn(the contact person at Bookzone):

I am not sure what he is giving u for INR 920.

PLz. confirm with him

Girish

Rs 7242.00 Available:banghead:
- Hide quoted text -

----- Original Message -----
From: Girish Nimbhorkar
To: xxxxxxxx ; xxxxxxxxxxxxxx
Sent: Wednesday, April 16, 2008 1:43 PM
Subject: Enquiry for book


Hi,

I would like to know whether the following book is available and the price for the same:

Name: Financial Risk Manager Hand book (4th Edition)
Author: Phillippe Jorion
Publisher: John Wiiey and Sons

Thanks and Regards
--
Girish
--
"Imagine if there were no hypothetical situations"


HI shyam,
yes you are right. Handbook is at bookzone only. I mailed the bookzone guy and asked about the handbook and he quoted me the above mentioned price for the book. All the conversation was through e mail so there is no question of not hearing things properly. I will re check the book before buying and i am thinking of visiting the bookstore this weekend.
Rahul

Hi Shyam,

I wish to pool with you guys for collection of FRM material, quote me the details of the total amount for the FRM hand book and Schwesers material as well. Also let me know the mode of payment. Im tensed as I havent started my preparation yet.

Cheers,
Surya.

Hi Shyam,

I wish to pool with you guys for collection of FRM material, quote me the details of the total amount for the FRM hand book and Schwesers material as well. Also let me know the mode of payment. Im tensed as I havent started my preparation yet.

Cheers,
Surya.

I suggest you guys can start from 2007 study material. There will be minimal changes in current year
Any one interested to buy 2007 material email me to [email protected]

Thanks

Please don't mention your email address in the post. Ask people to PM you. I am interested myself...PM me the price you want for it.

Its not too late to start preparing for GARP now...is it? I am yet to register.

HI Girish,
Thanks for telling me this. I will call him and mail him again and reconfim.
Is there a lot of difference in 3rd edition and 4th edition?
Rahul


Hi Rahul,

I am sure there is some communication gap with the bookzone guy.

I mailed bookzone guys and this is the response I got from Martyn(the contact person at Bookzone):

I am not sure what he is giving u for INR 920.

PLz. confirm with him

Girish

Rs 7242.00 Available:banghead:

- Hide quoted text -


----- Original Message -----

From: Girish Nimbhorkar

To: xxxxxxxx ; xxxxxxxxxxxxxx

Sent: Wednesday, April 16, 2008 1:43 PM

Subject: Enquiry for book



Hi,


I would like to know whether the following book is available and the price for the same:


Name: Financial Risk Manager Hand book (4th Edition)

Author: Phillippe Jorion

Publisher: John Wiiey and Sons


Thanks and Regards

--

Girish

--

"Imagine if there were no hypothetical situations"

I suggest you guys can start from 2007 study material. There will be minimal changes in current year
Any one interested to buy 2007 material email me to [email protected]

Thanks

hi thadamal,
well let me inform u about changes in FRM2008 course
1. as we all know the most drastic change is in quant section with gujarati being introduced also for Var portion a new reading by paul willmott is introduced in place of jurion in quant part. Var being an important part of course i dont think we can ignore willmott at all.
2. in credit risk portion also there is a major dhange by introduction of 3 chapters of Michael 0ng and one chapter of hull in credit derivatives section which again is an important part in credit risk section, also a reading related to subprime mortgage have been introduced
3. changes have also been market and operational risk portion but not so concrete as in above mentioned two portions.
hence i think changes in quant and credit risk section cant be ignored at all.
Also can anybody please tell me where these new books are avilable on net bc i dont want to buy whole scheweser and core readings again for these few books

Hi all FRM aspirants (For Chennai based puys)

we are planning to meet tomorrow 19/04/2008 at around 6.30pm at Ascendas (near Tidel Park).

andy_jaan, doraa7 and girishdn(me) have confirmed.

If anybody is interested plz. pm me for the details.

Girish