Financial Risk Manager [FRM] by GARP

Jobs & Careers
1864

Hi all

when do we expect the results to be out?

1865

exam was tough
I will be getting around 60% right, I think i missed some sitters and very easy questions due to time... And I dont think it will be enough, as from my experience in CFA and FRM we need atleast 75% accuracy, means 75/100 right. Will be trying again in Nov both levels if I can get the money.

Overall exam is easy one has to keep his nerves in the exam, the questions of EWMA, Information ratio, Swaps, etc were v easy which i missed.
But I dont think I have to learn anything more, it was all about nerves, patience, and calmness in the exam.

1866

Hi..

I also felt the same way.. It was a bit confusing especially with respect to certain close theory options.

If any one wishes the Level 2 questions please do drop in a note ..

I remember many of the questions (almost 60/80)

1867

results will be out on july 4th

1868

Hi puys, I am planning to take FRM-I in November. I have an engineering back-ground. So I am pretty much new to finance. I have been researching for any coaching program for FRM. I have come across edupristine. Has anyone of you been to their classes? Your feedback will surely help me. But before that how many of you non-finance background seniors feel that coaching is needed for cracking FRM? Is the material provided by GARP so lucid that a finance newbie can prepare all by himself?? Please advise

1869

Please allow me to ask you a question... What motivates a person like you from Engg background and who is new to Finance to directly seek a specialization qualification like FRM and not think of CFA or MBA or something else.

I do not want to discourage you, for I myself am an engg, just want to understand the concept since I notice this trend of lot of engineers motivated to do FRM.


kingzizou Says
Hi puys, I am planning to take FRM-I in November. I have an engineering back-ground. So I am pretty much new to finance. I have been researching for any coaching program for FRM. I have come across edupristine. Has anyone of you been to their classes? Your feedback will surely help me. But before that how many of you non-finance background seniors feel that coaching is needed for cracking FRM? Is the material provided by GARP so lucid that a finance newbie can prepare all by himself?? Please advise
1870

Good question! I did my b.tech in biotechnology. The biotech industry has no good openings for B.Tech grads...so I changed my field. Right now I am working as a probationary officer in a PSU. I am 6 months into banking. Now that I am into banking I want to get my grip on banking and finance by doing a certified course, which would lay and strengthen my finance basics. Ya, I did try for MBA, but could not make it in the interviews. Yes, I did think about doing CFA. But I read the CFA vs FRM discussions on various forums and decided to go ahead with FRM. I hope I answered your questions, please answer mine

1871

Whether FRM is right for your profile or not - I would not be able to comment. You are in the proper position to judge the profile that you are working in right now, where you see yourself going forward, what your strengths are etc etc. Please do a through research before jumping into the "popular" fray. There may be lots of other good options like NIBM, NISM etc that you need to check out. Ask yourself the question - do you want to work in risk management? Then you will reach the question - what is risk management? Work on these lines and you will be ok. :)

Now to answer your question - If your finance level knowledge is fair enough, probably you do not need the coaching. However, if you need some discipline to help you across with the studies, that could be a choice. You being an engg, would be ok with quant and working in a bank would have provided you with some basics in financial products. The GARP material is very extensive and you would need to really spend a lot of time to come to terms with the completeness of it.
My suggestion is to start of with Hull and bonds, then others. You can refer to bionic turtle and some schweser notes. See where you stand after 3 months and then take a decision if you need something else or only practice.

kingzizou Says
Hi puys, I am planning to take FRM-I in November. I have an engineering back-ground. So I am pretty much new to finance. I have been researching for any coaching program for FRM. I have come across edupristine. Has anyone of you been to their classes? Your feedback will surely help me. But before that how many of you non-finance background seniors feel that coaching is needed for cracking FRM? Is the material provided by GARP so lucid that a finance newbie can prepare all by himself?? Please advise

kingzizou Says
Good question! I did my b.tech in biotechnology. The biotech industry has no good openings for B.Tech grads...so I changed my field. Right now I am working as a probationary officer in a PSU. I am 6 months into banking. Now that I am into banking I want to get my grip on banking and finance by doing a certified course, which would lay and strengthen my finance basics. Ya, I did try for MBA, but could not make it in the interviews. Yes, I did think about doing CFA. But I read the CFA vs FRM discussions on various forums and decided to go ahead with FRM. I hope I answered your questions, please answer mine
1872

I gave my L1 this time...

The exam was tough and there were more questions on theoretical side than on quantitative side :(..Anyway, Persevered through the exam, but don't know what standards GARP will keep for scoring...so, waiting for the result to come out rather than speculate.

But, I must mention that there were at least 8 guys who missed out L1 exam and 1 guy was not allowed as he didn't have a 'non-expired' ID card. He had Voters ID card to show as ID proof. The center in Delhi was a totally godforsaken place in Dwarka (Outer Delhi)... The access to the place was difficult and it was right between two metro stations...Point is, please make sure you are early to the exam or better, survey the center and the place around before the exam. GARP really takes the discipline seriously and won't allow anyone past the time mentioned in the admit card. Also, best ID card I believe is Passport and no one can deny its authenticity etc.

All the best to everyone who took the exam / taking in November 2012...

1873

i m new to this thread.. actually joining today.. where can i find the study material?? please someone provide me the link.. i will be giving the level 1 in november.. need ur help guys.. thanx..

1874

Good Advice

I have seen people turned away as they did not have the admit card printout or reached 2 minutes late!!


Point is, please make sure you are early to the exam or better, survey the center and the place around before the exam. GARP really takes the discipline seriously and won't allow anyone past the time mentioned in the admit card. Also, best ID card I believe is Passport and no one can deny its authenticity etc.
1875

Thank you so much for the input. I get your point. But I have made up my mind in a rather unconventional way. Surely I have to answer those questions. And already I am in that process of inquisition :)

Whether FRM is right for your profile or not - I would not be able to comment. You are in the proper position to judge the profile that you are working in right now, where you see yourself going forward, what your strengths are etc etc. Please do a through research before jumping into the "popular" fray. There may be lots of other good options like NIBM, NISM etc that you need to check out. Ask yourself the question - do you want to work in risk management? Then you will reach the question - what is risk management? Work on these lines and you will be ok. :)

Now to answer your question - If your finance level knowledge is fair enough, probably you do not need the coaching. However, if you need some discipline to help you across with the studies, that could be a choice. You being an engg, would be ok with quant and working in a bank would have provided you with some basics in financial products. The GARP material is very extensive and you would need to really spend a lot of time to come to terms with the completeness of it.
My suggestion is to start of with Hull and bonds, then others. You can refer to bionic turtle and some schweser notes. See where you stand after 3 months and then take a decision if you need something else or only practice.
1876

Guys who have taken FRM part-I on 19th...........How do you feel?

1877

I have given... fingers crossed

soubhg Says
Guys who have taken FRM part-I on 19th...........How do you feel?
1878
ricky7691 Says
i m new to this thread.. actually joining today.. where can i find the study material?? please someone provide me the link.. i will be giving the level 1 in november.. need ur help guys.. thanx..


yaar meri bhi koi help kardo,,, 😃
1879
Go through some previous pages you will get the reply.
Though for study material, I'll suggest go for hard copy material which you vl get from 'Mahakali Xerox' or 'Laxmi Xerox' in Mumbai. They deliver all over India. You can get the no of these on google.
Hope it helps!

ricky7691 Says
yaar meri bhi koi help kardo,,, :)
1880

Please read the last few pages.
Let us know what you need after that - I am sure people here will definitely help you.

ricky7691 Says
yaar meri bhi koi help kardo,,, :)
1881

Hi,
I am writing FRM Level 1 November, 2012 exam. I live in Gurgaon. I am looking for a good couching institute in Delhi. So far, I have came around IIQF and Pristine.

Can someone please suggest me that which one is better between the two? One is there some other good institute?

1882
survan Says
I have given... fingers crossed


wat r d passing marks ??
ne idea/guesses frm students last yr??
1883

Refer to my earlier post

http://www.pagalguy.com/forum/career-discussions/17216-financial-risk-manager-frm-garp-183.html#post3390513

wat r d passing marks ??
ne idea/guesses frm students last yr??