Financial Risk Manager [FRM] by GARP

Jobs & Careers
1804


I ordered from Laxmi and did not get the QBank for level II, I got it last time for level I.


Thanks for the reply, Raksah. Are you from Mumbai? If so, did you follow up with Laxmi Xerox to find out when it will be available? It is hard trying to follow up with these jerks over the phone as they are pretty rude and frankly they are not concerned whether you receive the Qbank or not as they have gotten their money.
1805

cool... correct

-drift*t +vol*sqrt(t)*deviate

= -12M + 1.732M*3.464*2.33 = 1.979 M
1806

FRM does not have ex ante passing criteria. (meaning that you can't have a target to score).

Each of the topics is WEIGHTED (T1 = 20%, T2 = 20%, T3 = 30%, T4 =30%) but you have a single final score (Y). The average of the Top 5% is taken (T). GARP calibrates a ratio to control the overall passing ratio. So they set passing score (S) = some percentage of (T). For example, maybe this passing score S = 70% * T (It could be 70% or vary from year to year)

Hence if your Y >= S, you PASS

The grading is done on a curve and each topic has a different score curve.

Hope this helps.

hi,

sorry if this has been asked before....what is the approx pass mark for frm.....
is it like a certain percentage is required or is it like a certain percentage of takers wud pass....someone pls reply n help....
starting preps tomorrow...
1807

This is definitely not focused on Risk Mgmt.

Looking at their curriculum
Curriculum - PGPSM
- Only two topics in RM
- Most of the concentration on Sec Mkts
- So the job prospect is primarily Sec Mkts

My suggestion would be to supplement it with CFA (atleast L1) if you are interested in an Equity Research career.

Hi Puys,
Today i saw an ad in TOI about NISM PGPSM. It is Post Graduate Program in Security Markets. It is 1 yr program intiative by SEBI. Does anyone have idea about it ? Is it usefull if one wants to get into Equity Reseach or Risk Managment ? I have 2 yrs Exp in IT in non Financial Domain but i have some grasp of Finance.
1808

Yes and No !

It's difficult to give a straightforward answer, lot depends on so many factors...
FRM would help in showcasing one's ability and skills as a Risk Manager, it will not make one a consultant.
If one has a hardcore experience in RM, passing FRM is great synergy and consulting line is also a good choice.
However, consultants need not pass FRM unless they are focusing on RM.

If I haven't raised enough questions in your mind 😃 here's another one... It also depends on what kind of consulting you are referring to - Process Consulting, Strategy Consulting, Business Consulting, IT Consulting etc etc.


Hi ,

Is FRM certification relevant for someone pursuing a career in Consulting?

Thanks.
1809

Wiener is a particular type of Markov stochastic process with mu 0 and sigma 1. (Hull ch12)

Reg QB etc - refer my earlier posts (1-2 pages back)

Hi Leo..

Thanks for the question.
However where did you get it from? ( I was wondering about Weiner Process!!)
I have QB from Laxmi Xerox + some questions at the end of each books.
Can you recommend whether that will be enough?
Or if I nee to go for some QB , can you recommend one? Finsructor / Prisitine?
So far I have almost covered the chapters ( 7-8 chapters are left). But havent solved any problems..:(
Would start solving problems + revision + question solving - please let me know what is the best way to go..
If you feel , please PM me.
1810

Can somebody post the address of OM book store?

1811
This is definitely not focused on Risk Mgmt.

Looking at their curriculum
Curriculum - PGPSM
- Only two topics in RM
- Most of the concentration on Sec Mkts
- So the job prospect is primarily Sec Mkts

My suggestion would be to supplement it with CFA (atleast L1) if you are interested in an Equity Research career.



Thanks leolazer for the suggestion. I was also thinking of appearing for CFA L1 along with this.
1812
OM Stationery & Copy Centre near Vile Parle West, Mumbai Stationery Shops | Justdial

Search in this thread or on google - mobile numbers have also been posted

|vignesh4020710 Says
Can somebody post the address of OM book store?
1813
OM Stationery & Copy Centre near Vile Parle West, Mumbai Stationery Shops Justdial

Search in this thread or on google - mobile numbers have also been posted


hi leolazer
since u look really into dis frm...wanted to ask smthing...i hve dis frm core readings by garp...this is a collection of all d readings from different books right ?...just keep on answering i ll get confirmed...

next..after each reading there are long questions no objective types right ?

these core readings look so details n so complicated where as schwser looks so incomplete...wat do i do ? :(

just tell me wat shud i do in dese next 40 odds days to clear it...i ll put as much time as u want..guide me properply :)...wat to read ..where to practice questions from...etc etc.....thanks a lot ..waiting for ur reply
1814
hey!
i'm also writing FRM-1 from Delhi.. let us make a study group. my contact: 9868618554

hey can you please tell me from where i can buy xeror notes of frm part 1 and part 2(in delhi) want to give exams in November . and is there any course variation or changes in different levels ..... pls reply me as soon as possible
1815
niks2206 Says
Hi, anybody having link for 2012 Schweser FRM Level II softcopy material?

hey can you please tell me from where i can buy xeror notes of frm part 1 and part 2(in delhi) want to give exams in November . and is there any course variation or changes in different levels ..... pls reply me as soon as possible
1816
Hi Leolazer,

thanks for your reply... As suggested, I will surely go through all material available freely on the internet (hopefully!!)..

I am appearing for actuarial exams from both UK and Indian societies - depending on difficulty level of that particular exam.....

Well, the core stream of an actuary is indeed insurance (life and non life), but if you look at other areas where actuarial hopefuls can make their careers are Pension and Benefits / back office for US and UK actuarial firms, Auditing, Risk Management and certain areas of Financial Management. Risk management is good career option for an actuary - In fact, the society of actuaries have their own program called CERA - Chartered Enterprise Risk Actuary

CERA - Chartered Enterprise Risk Actuary qualification The Actuarial Profession

and also If I become certified FRM, I will get one of the exam exempted from the Specialist Technical Series (ST), known as ST0:

Exemption based on other professional qualifications The Actuarial Profession


I opted for FRM to,

1) Create differentiation with other fellow actuarial hopefuls, as it is very easy to find people with good progress in their actuarial exams in the job market (as many as 7-8 exams cleared, but with no work experience).

2) Chalk out newer areas to shape my career in...all my experience has been in Pensions and Benefit consulting work...

I hope this helps and apologies for an off-topic rant...

Maneet

hey do you know about anything about Enterprise risk managment i want to know about the course details and subjects and who hire them and whats the study material and everything if you can tell me its a gr8.....
1817

can anyone tell me about Enterprenur risk managment (ERM) and everything about it and the difference between FRM and ERM. what are the subjects and fees where is paper gng to held, who hire them n all abt this .....

1818
niks2206 Says
Om saying notes will be available in March.:wow::banghead:

can anyone tell me the number and place where om book is located and can we get the latest notes .....
pls reply as soon as possible..... wan to know can i get the notes in delhi from a local vendor ..... n do anybody has there number .....
1819
techcrazy00 Says
wanted to ask smthing...i hve dis frm core readings by garp...this is a collection of all d readings from different books right ?


Correct

next..after each reading there are long questions no objective types right ?

These are chapters of books - one would generally not expect MCQ after chapters.

these core readings look so details n so complicated where as schwser looks so incomplete...wat do i do ? :(

Core readings are meant to be detailed study. Schweser are concise notes - not "incomplete".
You can shoose a style of studying as per your background, skill and time available.

just tell me wat shud i do in dese next 40 odds days to clear it...i ll put as much time as u want..guide me properply :)...wat to read ..where to practice questions from...etc etc.....thanks a lot ..waiting for ur reply


One word answer - Study.
Long Answer - FRM is a professional exam, do not expect shortcuts. Even if one clears it by a shortcut, what will that person do when hardcore Rsk management knowledge is reqd to be applied in the industry or to clear an interview for that matter.

My suggestion - Try to concentrate on your strong areas, study hard and practice a lot of questions.
1820

Does any1 know how helpful is online course given by prinstine in mumbai...is it worth going for consdering d fact how much time is left n d fact I hvent started preparing...
Any1 hu has actually registered for dat , can u plz share ur online password so dat I cud get d feel of videos n decide...n do u think videos r helpful ?

1821
cool007 Says
hey can you please tell me from where i can buy xeror notes of frm part 1 and part 2(in delhi) want to give exams in November . and is there any course variation or changes in different levels ..... pls reply me as soon as possible

You can get material couriered from Mumbai, Om book centre provides courier services but they charge for it. No idea about any shop in Delhi. Or else you can take printouts of softcopy.

There are many variations in Level 1 and Level 2 syllabus. Go through the syllabus of both the exams you will get to know about the differences.
1822

what may be the salary after FRM with mba in finance for fresher ??????

1823

what may be the salary after MBA in finance with FRM to a fresher?