Any FRM taker? waiting, like, difficult, planning, through

hoangvu90

Hi guys,

I am one like you, waiting anxiously for the Monday!

I was thinking if I should take FRM Level 1 in Nov, as the next CFA exam (L2 or L3) is still almost a year away!

How many of are you planning to take FRM in Nov. '10? Do you think its worth it? I dont think it will be difficult after going through the CFA L1 and L2 quant. What you guys say?

sameeragarwal

I have done CFA L1 June 09, FRM Full Nov 09 (passed, top quartile in most sections), CFA L2 June 10 (hopefully successfully)

Ask me next week, whether it was a good idea or not!!!

stalkey

CFASniper Wrote:
-------------------------------------------------------
> I have done CFA L1 June 09, FRM Full Nov 09
> (passed, top quartile in most sections), CFA L2
> June 10 (hopefully successfully)
>
> Ask me next week, whether it was a good idea or
> not!!!


How many hours did you put in for FRM?

spreads

Only spent 1~2 months on FRM, only took 3 day-off before the exam date and pass the full Nov. 09.

Even though FRM is harder than CFA L2(i still think so), their questions are not that tough as their readings...

tianxin

Hi Coshair - have you found any difference in job market for u as a result of u having FRM
over and above CFA?

jacksparrow

sasankm Wrote:
-------------------------------------------------------
> Hi Coshair - have you found any difference in job
> market for u as a result of u having FRM
> over and above CFA?



my next interview came with more risk analysis requirements...
FRM is more involved in Quants, so be prepared for SPSS or VBA/SQL questions...

but as CFA is more widely accepted, the requirements may differ significantly based on specific job positions.

to conclude, the certifications can help you to get more interviews, but you still have many things to do to get a good job.



Edited 1 time(s). Last edit at Thursday, July 22, 2010 at 12:53AM by coshair.

tobeornottobe

jcole21 Wrote:
-------------------------------------------------------
> CFASniper Wrote:
> --------------------------------------------------
> -----
> > I have done CFA L1 June 09, FRM Full Nov 09
> > (passed, top quartile in most sections), CFA L2
> > June 10 (hopefully successfully)
> >
> > Ask me next week, whether it was a good idea or
> > not!!!
>
>
> How many hours did you put in for FRM?

Between 100 and 150 hours, to be honest.

I also felt that the readings were much harder compared to the CFA readings, but the questions are less tricky than the CFA questions (esp. L2 puzzles), albeit more quanty and at times tediously lenghty calcs.

xilige

CFASniper Wrote:
-------------------------------------------------------
> jcole21 Wrote:
> --------------------------------------------------
> -----
> > CFASniper Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > I have done CFA L1 June 09, FRM Full Nov 09
> > > (passed, top quartile in most sections), CFA
> L2
> > > June 10 (hopefully successfully)
> > >
> > > Ask me next week, whether it was a good idea
> or
> > > not!!!
> >
> >
> > How many hours did you put in for FRM?
>
> Between 100 and 150 hours, to be honest.
>
> I also felt that the readings were much harder
> compared to the CFA readings, but the questions
> are less tricky than the CFA questions (esp. L2
> puzzles), albeit more quanty and at times
> tediously lenghty calcs.


SHAKE.

xilinx_altera

I passed the full FRM last November (top quartile in most subjects - praying for the same for Monday). I used the Schweser notes for the exam. Schweser's FRM notes and especially the questions at the end of the chapters are not as good as their CFA material. Definitely get the Financial Risk Manager Handbook and any practice tests available.

The FRM test is more straight forward but very quantitative. The hardest question on the test was which of following integrals is the objective function of a given integral. The FRM has four possible answers so I had to flip my coin twice to get to an answer.

bbtomato

sasankm Wrote:
-------------------------------------------------------
> Hi Coshair,
>
> What are the notes you suggest for the
> preparaiton? I heard Bionic Turtle is good, BT and
> GARP notes will be all that I need, or you need
> something more? How about Schwser notes?



I checked the BT website but didn't purchase their products.
The handbook is very important since it offers the type of exam questions directly.(many of EOCs are 2006 or older exam questions)

the Schwser notes are not as good as CFA notes, but still helpful.

the most important thing is to master the quants...the "financial markets and products" takes the biggest percentage of the exam, and if you know as much as you can on the quantitative methods (i.e. models, VaR calculation and concepts, etc) you'll surely have a greater chance for a pass.