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What Is The Best Way To Prepare For FRM
What Is The Best Way To Prepare For FRM
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I have cleared FRM part I (pass, 1111) and II (pass, 11111), and all topics in the top quartile,
in my first attempt. I have also been involved in some part time coaching for FRM. Here is
my 2 cents:
Anonymous
Written Aug 22, 2014
I failed in FRM L1 which i attempted on may,14 and am attempting again this november . I
have a pretty good idea how NOT to prepare.
Things NOT to do :
1) Read course like a novel .
one should not read whenever he gets time , like for 10 mins or 30 mins in a break .
2)Reading all theory first and practicing it later .
Things to DO :
1) study for hours at a stretch .
sit with your material continuously for 2-3 hours .
2) It doesn't matter if you practice after each chapter as you wont be remembering any of it
by the end of the preparation so keep practicing all at once after 1 full reading .
3) Few online courses which costs around 7K INR gives video lectures and interactive
webinars , that will be helpful .
4) Practice more . If you start solving problems from day 1 then you dont need to study
theory at all . You will understand concept while you practice problems.
ALL THE BEST
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If you have no clue, follow pagalguy forums. Its a must for a novice. Be it MBA CFA FRM
and other post graduate competitive exams, it has an extremely rich content and large
number of experienced guys post in here from India for the last 10 years+.
I will provide you with a gist how you should go about.
Start with Schwesars notes, read all books once even if you can't grasp much. Then go for
the FRM handbook by Philippe Jorion, its a super must and suggested by GARP itself! Its
too tough to drill through but you will enjoy it. Repeat this cycle until you know you
understand quite a lot now. There are several questions in between chapters those will help
you learn a lot.
After say 2 such cycles, start giving tests on schwesars question bank, its a software
basically. Again very very helpful as there are 1500 such questions. You can prepare you
own tests from simple medium and difficult category questions.
Take 2 weeks off before exam and solve only schwesars exam booklets, there are two I guess.
That's it! However these are my views, I used them and they worked well for me. I did it
with my regular job so it should br easier for students. Also there are other new players in
the market like bionic turtle, etc. But I think its better to keep it simple.
1.
Jump to Schweser notes directly
2.
Also watch video lectures by David Harper (available on youtube) on channel
bionicturtle : Bionic Turtle , It is really helpful
3. You can also read notes of bionic turtle (Bionic Turtle | Acquire Expert Finance
Skills, Pass the FRM Exam) to revise your concepts in the end .
In the end keep time for solving practice papers from GARP , you can also purchase papers
from previous years.
12.9k Views View Upvotes Answer requested by , Vardhaman Bhandankar, and 2 more
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If you are new to financial jargon and/or are not as strong in math, then you may want to
rely on a more regimented study schedule.
Key is to be strategic and identify areas of concern quickly and attack them so they don't
become a problem during the exam.
Many point to Schweser notes, but in my experience the text coverage is very shallow and
may put you in trouble during the exam. Also, the sample questions from Schweser were
dramatically easier than the actual exam questions, so it may give you a false sense of
confidence.
On the other hand, I find the Bionic Turtle material to be of the best quality and quantity for
a wide spectrum of candidates. To take full advantage of the service, download and absorb
all of his videos and reading materials and also communicate via the forums for any detailed
questions you want to clarify.
I can't speak for other more involved study courses but in my opinion, you should be able to
pass the FRM through a rigorous self study schedule.
As many mentioned, a good rule of thumb for hours of studies is about 300 hrs per exam.
11.2k Views View Upvotes Answer requested by Jo Christopher, Shankar Peerthy, and 5 more
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Susane Bell
Written Apr 25, 2016
First of all you need to be thorough with the FRM curriculum.
1. Make sure you have the right resources with you. I would suggest you to go
for GARP FRM, nothing beats the original. Schweser would also work for you.
2. Practice a lot of questions once you are finished with the topic. There are lot of
online practicing tools available online. I personally would
recommend Prepsmarter.com
3.
When you are 2 months away from the exam, take a mock every two weeks and
after taking the mock, analyse your weak topics and work upon them.
4. when you are 1 month away from the exam just make sure you only take the
mocks.
After that you are good to go. :)
10.1k Views View Upvotes Answer requested by Arpit Modi and Hari Prasad
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The first thing you need to do is to understand the syllabus corresponding to your part.
Really understand it.
Next, find a partner. Someone who is in the same situation as you are and is comfortable
with your study schedule. This won't be difficult considering that we have websites
like StudyPal, where you can narrow down your search based on criteria important to you
such as study time preference, level of preparedness etc.
You can't find an all-inclusive study material for FRM. You will have to study the list of
readings released by GARP. Read the recommended books, and see online videos. if you
need.
Of course, the key is practice. You and your study partner should be finished with your
course before one or two months of the exam. Spend this time practicing with your partner
and reviewing your material.
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To understand the concepts you have to read as much as you can. Sitting for long
stretches(2 hrs minimum) will help you in studying as well as practicing at the same time so
that you understand evertything well. Practicing problems using calculator is very important
as maximum questions in the exam require you to use your calculator. Frankly speaking,
these are the easier ones because questions based on theory require very deep
understanding of the concepts and can be confusing.
I felt Level II curriculum is very difficult compared to level I. I had to send away my family
for a month to get some time to study. I increased my preparation level aswell just to be sure
I am strong in everything.
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Bhuvnesh Khurana, Financial Engineering + Financial Risk Mgmt Trainer at finRGB | CFA,
FRM |
Written May 9, 2016
Hello. Here is one possible path that you may follow. Although I gave the FRM back in 2005
when it was still an integrated single exam, it helped me then. I have redesigned certain
aspects of this path now after having started to train candidates for the exam in its current
format.
Best regards,
Bhuvnesh
7.6k Views View Upvotes Answer requested by Nimish Todankar
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You cannot ignore any formula from any corner of the books.
LEARN EACH AND EVERY THING.
18.5k Views View Upvotes Answer requested by Niharika Tiwari
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Hope it helps.
Aditya
13.7k Views View Upvotes Answer requested by Shashank Prasad
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FinTree, Training for various certifications for Finance Professionals (CFA, FRM, CFP)
Updated Jul 28, 2016
Hi..!
You can prepare for the FRM certification by joining prep classes (or online courses) as this
would be a smart option if you are working or doing other full time degree education.
In case you are not doing anything else, the studies can be managed by yourself. But if you
have any doubts, then you will have to find a solution yourself which could eat up a
significant amount of time. Then, it will be too late and could prove to be a costly mistake.
Study smart!
FRM |
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Shruti Gupta, MFA Finance, Institute of Chartered Financial Analysts of India University
Written Jul 28, 2016
Well! I haven't appeared for FRM exam till yet, but still since have cleared a few professional
exams, would suggest you to read the curriculum provided by the institute throughly and
practise enough questions to check if you are getting the concepts right.
Do remember, for any professional exam, Quality studying is more important than
Quantity studying.
Do read my blog:https://myfirstfinancial.blogspo...
2.5k Views Not for Reproduction Answer requested by Dominic Thomas
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However, I would like to clarify that it certainly does not make it easy for you .
The best way to prepare for it is to read the core readings first and supplement it with a prep
course such as bionic turtle. I reckon Schweser is very basic so Bt does it for you.
FRM requires you to sincerely devote 23 hours everyday for 4 months (again depends on
your background) and on weekends you should stretch it to 8- hours. As the course is really
vast, you should also get all your doubts clarified as the question rivets around a lot of
CONCEPTS. This examination really tests your concepts.
You need to ensure that all your readings are over 3 weeks before the exam so that you have
ample time for solving test papers. Expect the unexpected in the paper but do the simple
things really well.