Are there any common topics in FRM level 1 and CFA level 2

FRM
#1

Hi there ,

I just clared my CFA level 1 and I am looking at doing my FRM too along with it , wondering if FRM level 1 has any common subjects/topics with CFA level 2 ?

Thinking of doing my frm level 1 in nov 2015 and cfa level 2 in june 2016

Would appriciate your kind views,

Hedge

#2

There are plenty of common topics with Level 2.

I would venture to say FRM Part 1 has roughly 50% overlap between CFA L1 and L2.

#3

Hey dwheart ,

Thanks for the info . if i am not asking for much , can you like tell me a couple of topics that are similar ?

cause i need to make a decision on if i should persue FRM along with CFA level 2.

Thanking and requesting ,

Fudge

#4

Similarities: Quant methods, financial market products, derivatives, ethics.

New matierial: Intro to finacnial risk management (mostly qualitative), valuation methods, monte carlo simulation.

Derivatives hedging strategies and value at risk stuff is new for L2 but i think it is covered in L3 a little. I have yet to encounter it but beleive it’s in my next book.

I’m probably missing some stuff but thats the big stuff.

#5

Ah thanks alot !

looks like a major chunck of it is common . I’ll think about taking FRM next year . and prepare hard for CFA level 2 . As I will be applying for a MSC.Finance program at … some college (not sure where , prolly a college which gives free tution) . but anyways , yea .

Thanks a ton bro !

Regards,

Hedge

#6

why not take CFA Level 2 this year? Or FRM in May? Don’t waste your time on fun stuff like parties and chicks.

#7

you should do CFA L2 in june and FRM L1 in Nov.

I’ve done the same and it times out perfectly.

#8

well it does time out correctly , but then I dont think ihave the time to sstudy from now as for a few months i have other commitments .

plus there doesnt seem to be any kind of coaching available for cfa level 2 in my city . and neither was it available for cfa leel 1 .

i just dont want to rush in , cause level 2 seems to be of greater challenge . so i guess i want to take out the time to know my enemy first and then prepare accordingly .

Regarding the frm i’ve droped the idea of taking it , if i do , i will take it after my cfa l2 next year .

Thanking for the guidance both of you ,

Hedge

#9

That’s what I did too. Lol

#10

lol i see .

a couple of them have done that way and i intend to do the same next year .

this year the problem is , I am looking for a mscfinance progam aborad and i am not sure if i will be applying in may or in nov and in which country or university i will be applying in .

hence , this year is going to be kinda stuffed and uncertain regarding the timings .

cause if i get into the nov admission , then my FRM would be screwed . and if i apply in may then i wont have time to study for CFA level 2 , as i will also have to prepare for my gre/gmat and tofel etc …

But thanls for the advice , will be following it next year

#11

Hey HedgeFudge, one year has passed I wonder what did you chose to do after all and how did it turn out to be?