Financial Risk Manager [FRM] by GARP

Content of exam questions available on GARP website for paid candidates:


1. 2008 FRM Practice Exams

Reading Price:
GARP Member (Non-Affiliate): FREE

Reading Abstract:
THE 2008 FRM PRACTICE EXAMS ARE FREE FOR ALL PAID 2008 FRM CANDIDATES. The 2008 FRM Practice Exams I, II and III have been developed to aid candidates in their preparation for the FRM Examination in November 2008. These practice exams are based on a sample of questions from the 2006 FRM Examination and are representative of the questions that will be in the 2008 FRM Examination. Wherever necessary and possible, questions, answers and references have been updated to better reflect the topics and core readings listed in the 2008 FRM Examination Study Guide. The 2008 FRM Practice Exam I, II and III each contain 40 multiple-choice questions.


Reading Contents:
2008 FRM Practice Exam I - Candidate Answer Sheet
2008 FRM Practice Exam I Questions
2008 FRM Practice Exam I Answer Key
2008 FRM Practice Exam I Answers & Explanations
2008 FRM Practice Exam II Candidate Answer Sheet
2008 FRM Practice Exam II Questions
2008 FRM Practice Exam II Answer Key
2008 FRM Practice Exam II Answers & Explanations
2008 FRM Practice Exam III Candidate Answer Sheet
2008 FRM Practice Exam III Questions
2008 FRM Practice Exam III Answer Key
2008 FRM Practice Exam III Answers & Explanations



2. 2007 FRM Practice Exams

Reading Price:
GARP Member (Non-Affiliate): FREE
Reading Abstract:
THE 2007 FRM PRACTICE EXAMS ARE FREE FOR ALL PAID 2007 FRM CANDIDATES. The 2007 FRM Practice Exams I, II and III have been developed to aid candidates in their preparation for the FRM Examination in November 2007. These practice exams are based on a sample of questions from the 2004 FRM Examination and are representative of the questions that will be in the 2007 FRM Examination. Wherever necessary and possible, questions, answers and references have been updated to better reflect the topics and core readings listed in the 2007 FRM Examination Study Guide. The 2007 FRM Practice Exam I, II and III each contain 40 multiple-choice questions.
Reading Contents:
2007 FRM Practice Exam I Candidate Answer Sheet
2007 FRM Practice Exam I Questions
2007 FRM Practice Exam I Answer Key
2007 FRM Practice Exam I Answers & Explanations
2007 FRM Practice Exam II Candidate Answer Sheet
2007 FRM Practice Exam II Questions
2007 FRM Practice Exam II Answer Key
2007 FRM Practice Exam II Answers & Explanations
2007 FRM Practice Exam III Candidate Answer Sheet
2007 FRM Practice Exam III Questions
2007 FRM Practice Exam III Answer Key
2007 FRM Practice Exam III Answers & Explanations

Hi Girish

Looks like some confusion

I am referring to the Practise exams thats available on GARP Digital Library. Heres the link

2007 FRM Practice Exams, FRM Certification Program

We get 3 practise exams with Solutions.

I am not referring to the sample exam thats available on the GARP website

Hope this clears,

Cheers,

Shyam
Schweser's reply to my query for availability of their notes for FRM 2008 and shipping time to Mumbai,India.




From : Stephanie McGrath@Kaplan
Tue, May 6, 2008 at 3:49 AM

Anil,
Thank you for your inquiry. The FRM products will be available in Mid May, we do not have an exact date yet as they are updating the materials to reflect any changes. International shipping takes 4-7 business days.

Thank you,


Stephanie Mc Grath
Customer Service Representative
__________________________
Kaplan Schweser
Kaplan Financial Education
__________________________


I was going through Jorion handbook for FRM - 4th edition and I didnt find compatible enough for preparation for Nov 2008.

Handbook was last published in March 2007 and meant basically for Nov 2007 exam.
Thereafter GARP didnt issue/suggested new edition i.e. the same edition will continue.

It looks like GARP publishes handbook every 2-3 years.

But looking at risk areas which are never constant & looking at FRM curriculum which is updated thoroughly every year, it dint fit in.

There are major changes in Quant section and few other sections.
Certain readings are removed all together and certain new are added.


Like EVM theory from Quant is removed & D Gujarati book is introduced.
Chapters of Micheal Ong is introduced in Credit Risk portion.

So we should not end up readings extraneous material.

Best thing is to go through 2008 AIMS first & then go thorugh readings suggested in study guide like Hull,Tuckmam,Gujarati,etc.

So please dont make Jorion's handbook as your base of study. It may not be that fruitful.

Cheers !



~Anil

Hi guys,

If any one of u plan 2 appear for the exam in Calcutta, lets make a note of the number so that we can have Calcutta as a cntre for exams.

Dips

I entirely agree with you Anil, regarding your views on the handbook. Following is the extract from the 2008 FRM study guide which is self explanatory:
The Financial Risk Manager Handbook, 4th edition, by Philippe Jorion
(New York: Wiley & Sons, 2007), covers most of the FRM examination topics at the
appropriate level. However, please note that the FRM Handbook was designed to
help candidates review the material and is not a textbook. Alone, the FRM
Handbook is not sufficient to prepare a candidate to pass the examination.
Regards
I was going through Jorion handbook for FRM - 4th edition and I didnt find compatible enough for preparation for Nov 2008.

Handbook was last published in March 2007 and meant basically for Nov 2007 exam.
Thereafter GARP didnt issue/suggested new edition i.e. the same edition will continue.

It looks like GARP publishes handbook every 2-3 years.

But looking at risk areas which are never constant & looking at FRM curriculum which is updated thoroughly every year, it dint fit in.

There are major changes in Quant section and few other sections.
Certain readings are removed all together and certain new are added.


Like EVM theory from Quant is removed & D Gujarati book is introduced.
Chapters of Micheal Ong is introduced in Credit Risk portion.

So we should not end up readings extraneous material.

Best thing is to go through 2008 AIMS first & then go thorugh readings suggested in study guide like Hull,Tuckmam,Gujarati,etc.

So please dont make Jorion's handbook as your base of study. It may not be that fruitful.

Cheers !



~Anil

So better start with Core readings & wait for Schweser notes.
Jorion will help because there are practical questions.

Hi,

I am not able to download the practice exams....is it possible to forward at [email protected]....


thanks in advance

Sauham's Outline of Statistics & Econometrics, 2nd ed
- Dominick Salvatore & Derrick Reagle
McGraw-Hill ISBN 0071395687 2002 | djvu | 3.1 MB 335 pp

RapidShare: 1-Click Webhosting
Sauham's Outline of Statistics, 3rd ed
- Murray R Spiegel & Larry J Stephens,
McGraw-Hill ISBN 0070602816 | 1999 | djvu 5.7 MB 549 pp
RapidShare: 1-Click Webhosting

One would require DJVU reader to read these files :
RapidShare: 1-Click Webhosting

To convert these files into pdf format you can use any virtual pdf printer like cutepdf or pdf995.


hey Manish,

The exams are very nicely protected by GARP.

one cannot share the doc over email.

Girish

Hi,

I am not able to download the practice exams....is it possible to forward at xxxxxxxxx....


thanks in advance

thanks girish for reply..

however What is the process to download the practice exam paper....appreciate ur response...


thanks

Hi Manish,

Go to the links posted elsewhere in this thread. U need to buy the these exams at a price of $0 :new_smile-l:.

Further process u can refer to the mail u receive once u purchase.

Remember u need to download the license file along with the exam to be able to open the exams.

Girish

thanks girish for reply..

however What is the process to download the practice exam paper....appreciate ur response...


thanks

Ok, Grish, If that is the case, What about upload in 4shared or somewherelse and share with PGuys.
In this way, It would be useful to many.

YN

Dear its not a pdf but a pdc file. U need a different viewer s/w for the same.
It is protected. U can have it for free once u register for the exam.

And I am not really comfortable about the idea of sharing the license file since that can be easily tracked back to the person who shared it.

Girish


Ok, Grish, If that is the case, What about upload in 4shared or somewherelse and share with PGuys.
In this way, It would be useful to many.

YN

hiii please tell me can undergraduated take up this FRM course?

Hi Pagal Guys,

This is Niranjan. Just one week back, I came to know about their community through of one of my friends. I have found so much of valuable information here. One week back, I did not know anything about FRM, Now, I have clear picture of FRM, how to prepare, and books for good preparation and good institutes available. It is really awesome.

Thanks to Tumtum/Snowflakes/Rlkrao,Shankar/Shyam/Girish/Rahul/Anil and to all Pagal Guys.

Have a good career,
Midas Touch

if u dun mind bro...can u temme how is it that people convince the companies to sponsor their course...i mean how do u approach the company and on what basis does the company sponsor courses for its employees

hi Anil,
im srinivas from b'lore & have enrolled for FRM exam. im interested in FRM study group.just can you scrap me in orkut @ http://www.orkut.com/Profile.aspx?uid=13021306288803880748
or mail me at [email protected]..i do not check PG quite often..

thanks,
srini

Hi buddy,

Just delete all the orkut links and ur email id from this post. This is against forum rules.

Theres no other way except for PMs and being hooked to PG

cheers,

Shyam

hi Anil,
im srinivas from b'lore & have enrolled for FRM exam. im interested in FRM study group.just can you scrap me in orkut @ *******
or mail me at ******..i do not check PG quite often..

thanks,
srini

Hii Aayush,

Regarding Company Sponsorship there are some companies that have Employee Professional development plans - according to which they sponsor their employess for further studies.

If ur employer doesnt provide this facility - then U need to convince them for sponsorhsip.

Negotiations should include the following points.

1. whats FRM & GARP
2. Why is Risk Management important - and different kinds of Risk (now dont enlist the 5 modules of FRM exam - u can say Financial Risk, Liquidity Risk, Legal & Compliance Risk and the most impt Reputational Risk)

3. How does it fit into ur professional development plans (Short term and Long term goals) and how the company benefits

4. * Cost Benefit Analysis - Return of Investment & Gains for the firm. (This is the most impt thing that u company will be interested in)

Hope this helps

cheers,

Shyam

aayush_lakshmi Says
if u dun mind bro...can u temme how is it that people convince the companies to sponsor their course...i mean how do u approach the company and on what basis does the company sponsor courses for its employees

Hi Sharad,

what do you mean by undergrad - If you are studying in 12th or FY,SY then would recommend dont give it.

If you are in Final Year of ur college, then you can give the exam. Ur Age says 23 - so my guess is u r already done with ur graduation.

NOTE: GARP doesnt specify any minimum educational requirement for appearing for the FRM exam. That means even an Undegrad can give the exam. U only get to become the chartered member once u have two years of recommended work ex.

FRM will be of help to those people who have some work ex. CFA would give a better recognition for Freshers and people who are looking to change Careers or Sectors.

cheers,

Shyam

sharad77 Says
hiii please tell me can undergraduated take up this FRM course?