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FRM Exam Nov 2018 Feedback

Disclaimer: I don’t know wether November examination is already over. Hence, I will not discuss any exam question nor topics that being or being not tested.

This is my feedback in general.

I took both FRM parts yesterday.

P1 was not so difficult since I was prepared for hard

calculations under the time pressures. However I had about 10 blind guessed answer and another 10 - 15 with narrower guessing between two choice.

Afternoon Part 2 was another story. They smashed me with too many theoretical questions in which I wasn’t so well prepared. I felt like I was guessing about half questions with large amount of 20 blind guessing.

I hope the best.

I do not ask for the trust nor give it to you.

FREE – Over 2 hours of calculations videos for Part I and Part II from Christian Cooper – Essential Exam Prep

You took both parts of the exam on the same day? Beast. Best of luck! If I ever get around to tackling the FRM, that’d probably be my approach. 2 for 1 and done, lol. 

"Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom." -Viktor Frankl

I decided not to do 2n1 as i am working the exams in between the CFA exams and CA exams. Also, 8hrs of exams seemed pretty hard but if i had to do it over again, i would probably try and do both and really just focus on mock exam practice rinse and repeat. I did part 1 last Nov and did part 2 over the weekend. I thought it was pretty easy and straightforward, but as you mentioned very challenging on qualitative questions. The exam really made you think and often you could eliminate two choices or work your way to the right answer, but often there were obvious traps or questions that seem right but not related to the question. I was probably 50-50 on about 5 questions and had no blind guesses. 

For those that care on my study strategy:

1 July 2018 to mid-October pure Wiley videos and note taking.

From mid-October:

2013: 20 questions mock exam

2014: 20 questions mock exam

2015: 20 questions mock exam

2016: Full 80 questions

2017: Full 80 questions

2018: Full 80 questions

Wiley Part 2 Exam: Full 80 questions

Reviewed my hand written notes twice.

I probably reviewed the exams 3 x each so was pretty confident in the answers and formulas; however, you will see mistakes in the exams. I will greatly advise not to take everything you see in the GARP exams as fact. After working through similar problems you will see the frustration i speak of. 

Wiley videos were good for being time constrained; however, their notes and practice questions were also prone to minor errors: normal or Log-normal VaR which is almost the first the formula you come across used the incorrect mean and there were a few more errors but wasn’t keeping track (another was PV of EL vs EL  and calculating E1/E2 and D1/D2 used the incorrect rate in one formula but answer was right. I felt Wiley helped me understand the Qualitative questions more on the exam and the Quant questions were better utilised from prior GARP exams. 

Best of luck to all. I think is doable and 2 in 1 is exactly the same grade of effort as CFAI L2 and, imo, less hard than L3 with its morning session.

I do not ask for the trust nor give it to you.

rsparks wrote:

I was probably 50-50 on about 5 questions and had no blind guesses. 

For those that care on my study strategy:

1 July 2018 to mid-October pure Wiley videos and note taking.

From mid-October:

2013: 20 questions mock exam

2014: 20 questions mock exam

2015: 20 questions mock exam

2016: Full 80 questions

2017: Full 80 questions

2018: Full 80 questions

Wiley Part 2 Exam: Full 80 questions

Reviewed my hand written notes twice.

I probably reviewed the exams 3 x each so was pretty confident in the answers and formulas; however, you will see mistakes in the exams. I will greatly advise not to take everything you see in the GARP exams as fact. After working through similar problems you will see the frustration i speak of.

RSparks

If so, you’ve pretty nailed it.

I had even more rigorous strategy and am far away from confidence at least on P2. However, given the my home testing post mock feeling compared with mock scoring, and both BT’s and GARP  mocks taken and the Schweser’s two,I might be between 60 % and 65 % on the real thing and this might be a pass. 

Yep. There are many contradictory in curriculum and tests and even wonder if there might be more than one correct answer. We’ ll see. I’m glad I tried and would encourage the others who are interested to study for FRM. It’s interesting material and is a perfect complement to CFA.

I do not ask for the trust nor give it to you.

Flashback wrote:

Best of luck to all. I think is doable and 2 in 1 is exactly the same grade of effort as CFAI L2 and, imo, less hard than L3 with its morning session.

Interesting!

"Between stimulus and response there is a space. In that space is our power to choose our response. In our response lies our growth and our freedom." -Viktor Frankl

Gave the L1 exam only. Confident by 90% in around 40 questions, 50% confidence in 40 questions, 20% total guess in 20 questions.

Expecting around 55/100. Will it likely to cross the line?

Study Method

Online Videos - Arif Irfanullah (https://irfanullah.co/)
Mocks/Sectional Tests - Konvexity (www.konvexity.com)
Notes - KaplanSchweser

Never say Die
https://www.youtube.com/watch?v=WTPpXpoF54s

I don’t know but assume you will be borderline. you get benchmarked against your peers so it will be based on their performance but i say you have  a shot. when i walked out of my L1 exam i knew i passed so harder to compare. 

You are impressive Flashback ;)

Best of success!

Las almas de todos los hombres son inmortales, pero las almas de los justos son inmortales y divinas.
Sócrates

Gracias companero!

I do not ask for the trust nor give it to you.