Which is the best study material to prepare for FRM exam?
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Even though many people advised against it, I gave both tests at once and passed them both. Instead of reading all the books mentioned, I would advise you to keep your study simple, thorough, and frequent revision of concepts. I did purchase the GARP Books and Handbook, but I didn't read them. PersoRead more
Even though many people advised against it, I gave both tests at once and passed them both. Instead of reading all the books mentioned, I would advise you to keep your study simple, thorough, and frequent revision of concepts.
I did purchase the GARP Books and Handbook, but I didn’t read them. Personally, I’ve utilised –
Overall, the ONLY resources I used to succeed were a quick read through Schweser and a tonne of practise with the BT Questions. Wish you the very best in your journey!
See lessI have passed FRM Part 2 recently. I have worked iin a bank for more than 12 years of experience abroad. Since long, I've been considering clearing my FRM, but I've put it off owing to work demands and travel. In 2021, I finally made the decision to give it a go. Having a family and a baby made it cRead more
I have passed FRM Part 2 recently.
I have worked iin a bank for more than 12 years of experience abroad. Since long, I’ve been considering clearing my FRM, but I’ve put it off owing to work demands and travel. In 2021, I finally made the decision to give it a go. Having a family and a baby made it challenging, but it is definitely feasible with discipline and hard effort.
The hardest part is this, and like any exam, there are a tonne of resources and prep companies out there. My opinion is that the major work on which one should concentrate is choosing the best resource.This mostly depends on each person’s prior knowledge, familiarity with the subjects, and amount of prep time that they are prepared to invest.
After experimenting with a few prep companies, I realised that none of them could fully satisfy my objectives, so I decided to take a hybrid method. I depended on the books first, then on the subjects I needed assistance with. I took the video FRM course by Quintedge.
Although BT & Analyst Prep are the best ones available, I rarely used them. It all comes down to planning and work once you’ve chosen your resources. 300 hours is the average according to GARP, although again, this varies from person to person. For each level, I know students who put in over 500 hours of preparation, and I also know a few people who finished in about 200 hours.
Giving mock exams is, in my opinion, another crucial stage. Most of my preparation and practice revolved around taking mock exams and analysing them.
Finally, I would advise keeping yourself informed of the most recent discussions and developments through telegram groups. These groups prove to be the best resource for the most recent materials and answering questions if you use them effectively.
See lessI was able to pass Parts 1 and 2 using a combination of Schweser notes and free questions from Bionic Turtle. Also for FRM Part 1, I also joined Quintedge. The FRM preparation can be broken down into three stages- Knowledge of the curriculum: Schweser notes are excellent for comprehending the ideasRead more
I was able to pass Parts 1 and 2 using a combination of Schweser notes and free questions from Bionic Turtle. Also for FRM Part 1, I also joined Quintedge.
The FRM preparation can be broken down into three stages-
Additionally, Schweser will provide a practise book with two complete mock exams (Easier than the exam but help in revision). Also, remember to complete the GARP practise examinations from this year as well as past years (Questions are repetitive sometimes but the difficulty level is often close to the actual exam)
The Schweser Notes and the Handbook are available for purchase on Amazon, and Bionic Turtle material may be purchased directly from their website.
See lessHi, since there are too many options accessible for FRM study material, many candidates struggle to select the best one. I was also one of those who struggled a lot to find the best study material, but apparently, I came across Quintedge’s Lectures, and the free questions from Bionic Turtle, which hRead more
Hi, since there are too many options accessible for FRM study material, many candidates struggle to select the best one. I was also one of those who struggled a lot to find the best study material, but apparently, I came across Quintedge’s Lectures, and the free questions from Bionic Turtle, which helped me to clear FRM Levels 1 and 2.
Let me tell you about these study materials in detail
The instructor of the Quintedge has vast experience working with topmost consulting firms like Bain. He is a veteran in the field of valuation and risk modeling. On their YouTube page, you can watch the trial videos. I received a lot of assistance from their training in order to successfully complete FRM Part 1. Their videos are very well organized, with quick (10–20 minute) mini-clips for video solutions of GARP questions.
Schweser Books have covered essentially all of the critical material found in GARP Core books in their books. After watching the videos, you can review from here. It will be sufficient preparation for you to pass when combined with examples and back-of-the-chapter questions from both Schweser and Curriculum Books.
I hope this will help you!
See lessI have recently cleared both the parts of FRM. These are the resources I used to prepare for FRM. GARP Curriculum Books: These books are amazing treasures, but time constraints prevented me from using them for all of the chapters. Each section includes numerous examples to help you comprehend the vRead more
I have recently cleared both the parts of FRM. These are the resources I used to prepare for FRM.
At the beginning of my preparation, I also created a study schedule for myself that I found to be successful. Practice as much as you can, and follow any study schedule you create.
See lessSchweser is a good source of information for preparing for the FRM level 1 exam. It uses language that is easy to understand and covers most of the topics that will be tested on the exam. However, in order to be fully prepared for the exam, you should also use other question banks in addition to SchRead more
Schweser is a good source of information for preparing for the FRM level 1 exam. It uses language that is easy to understand and covers most of the topics that will be tested on the exam. However, in order to be fully prepared for the exam, you should also use other question banks in addition to Schweser’s. If you have time after that, you should also solve BT Question Bank.
See lessHope it helps!
I'll give you a general idea of what you should do. Start with Schwesar's notes, and even if you don't understand much, read all the volumes once. Then pick up Philippe Jorion's FRM Handbook; GARP itself has recommended it as a must-have! Continue in this loop until you realize you have a good underRead more
I’ll give you a general idea of what you should do.
Start with Schwesar’s notes, and even if you don’t understand much, read all the volumes once. Then pick up Philippe Jorion’s FRM Handbook; GARP itself has recommended it as a must-have! Continue in this loop until you realize you have a good understanding of everything. There are a number of chapter-intermission questions that will teach you a lot.
Start testing on Schwesar’s question bank, which is essentially software, after two cycles, say. Again very very helpful as there are 1500 such questions. You can prepare your own tests from simple, medium and difficult category questions.
Take two weeks off before the test and solely complete the two schweser exam booklets.
I’m done now! These, however, are my personal opinions; I have got success with them. Since I accomplished it while working my regular job, students should find it simpler. Other recent entrants to the market include the bionic turtle and others. The simpler the better, in my opinion
See lessGARP Curriculum Books are great for studying. They have a lot of examples and questions in each section, which helps you understand the topic from different points of view. The best way to clear the exam quickly is by solving as many questions as possible. GARP curriculum books have plenty of questiRead more
GARP Curriculum Books are great for studying. They have a lot of examples and questions in each section, which helps you understand the topic from different points of view. The best way to clear the exam quickly is by solving as many questions as possible. GARP curriculum books have plenty of questions to help you do just that.
See lessHello Folks!! Finding the best FRM study materials that can prepare you to pass the FRM exam is harder than you might think. Because everyone learns differently, the best FRM study materials shouldn't be the same for everyone. For instance, you might not benefit from a course that a friend or coworkRead more
Hello Folks!!
Finding the best FRM study materials that can prepare you to pass the FRM exam is harder than you might think. Because everyone learns differently, the best FRM study materials shouldn’t be the same for everyone. For instance, you might not benefit from a course that a friend or coworker took even though it was profitable for them.
Thus, I will share the best study material that will help you clear the FRM levels, as it worked for me too.
At the beginning of my preparation, I also made a study schedule for myself that I found to be successful. Practice as much as you can and follow any study material that you think is helpful.
See lessIn my honest view, starting right away and taking the actions listed below is the best course of action: Carefully read the Schweser instructions (Also the GARP books if you have enough time) After each chapter, practice questions from the Scheweser or BT (Preferred). The questions in GARP books areRead more
In my honest view, starting right away and taking the actions listed below is the best course of action:
Learn the official books by heart. In the end, make sure you understand the subject and know how to use what you have learned. If Schweser guidelines raise any concerns, spend some time reading the actual content. I collected all the formula pages into a booklet, made a list of the most important points, and took it with me when I traveled.
Additionally, having a study partner is advised so that you can maintain tabs on one other’s progress and gain inspiration from a healthy sense of competitiveness. On a Facebook study group, I used to clarify topics and address the questions of other candidates, which gave me confidence. It was quite beneficial.
See lessI have cleared FRM part I and II, all in the top quartile, in my first attempt. Here is some brief guidance from my end. Book I: Foundations of risk management - study it from schweser, and practice the questions from schweser Question bank (this will take around 10 days) Book II: Quantitative methoRead more
I have cleared FRM part I and II, all in the top quartile, in my first attempt. Here is some brief guidance from my end.
Book I: Foundations of risk management – study it from schweser, and practice the questions from schweser Question bank (this will take around 10 days)
Book II: Quantitative methods – study it from schweser, and do all the questions from BT. If you are an engineer or a quants guy, then you can try studying from the GARP material. But if you are a commerce guy with little interest in the mats/statistics, then schweser is enough, provided you practice enough questions. Please complete reading Book II, before you proceed to Book III and IV. (This should take around 25 days).
Book III: Financial Markets and Products – using the study materials offered by GARP. Attend every BT question as well. Additionally, you can practise the questions from John C. Hull or Schweser. (Again, 25 days are required for this.)
Book IV: Risk and valuation models – You should read this chapter from the GARP books, in my opinion. But if you find the vocabulary and the subject matter difficult to understand, read the chapters from the original GARP books by Bruce Tuckman and John Hull. Only these subjects are challenging and subject to rigorous testing.
Take the Schweser practice test and the GARP sample test. 5 days prior to the exam, review the material. Hope this will help you. Thanks!
See lessMidhaFin course was my choice for passing the FRM Part 1 exam. Opting for their online recorded sessions allowed me to study at my own pace. The structured lectures by MidhaFin were a game-changer, especially for someone like me with a different professional background. The teacher explains with matRead more
MidhaFin course was my choice for passing the FRM Part 1 exam. Opting for their online recorded sessions allowed me to study at my own pace.
The structured lectures by MidhaFin were a game-changer, especially for someone like me with a different professional background. The teacher explains with mathematical reasoning and derivations, along with complex financial concepts, in a way which eliminates the need for rote memorization of formulas.
Moreover, the course materials were regularly updated, offering continuous access until I successfully cleared my exam.
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