btw, does anyone feel less excited about this, than passing a level for CFA?
i felt more excited than passing my level I CFA exam. congrats, folks. good job.
I passed too. I just wanted to thank you all on this forum for answering some hundred queries of mine. Maybe I will not be able to pursue finance (because I can’t land a job) but I love finance professionals and especially this forum. You guys Rock!
FAIL…the fruits of my partying, traveling, and remodelig (due to a hurricane) have borne their fruit.
Passed! phew… L3 to go and I am done with this shebang… can anyone see their subject wise analysis yet?.
Can’t see the analysis here.
congrats anupam
Thank you sir! And congrats to all others who passed too. 
Congrats all Please also enlighten us with your valuable strategies for cracking FRM. Has anyone taken it after CFA L2 - i mean in the same year ? How did you manage it?
geranimo Wrote: ------------------------------------------------------- > Congrats all > > Please also enlighten us with your valuable > strategies for cracking FRM. > > Has anyone taken it after CFA L2 - i mean in the > same year ? > > How did you manage it? Yeah I took FRM after L2, lots of overlap, but some areas especially credit risk and VaR are totally different. If you dont work in this area it will take some extra time. I used Schweser books, videos and Q-bank. I think this was more than enough to get you through.
How many hours you consumed for FRM preparation?
just checked my detailed analysis. 1st quartile all the way…woohoo…how did that happen! FRM after L2 or L3 is ideal.prep similar to CFA stuff.just be aware of some practitioners terms as well .
I think I put in about 150 hours?
Posted by: I_HeartAccounting (IP Logged) [hide posts from this user] Date: January 21, 2009 08:25AM Yeah I took FRM after L2, lots of overlap, but some areas especially credit risk and VaR are totally different. If you dont work in this area it will take some extra time. I used Schweser books, videos and Q-bank. I think this was more than enough to get you through. ------------------------------ I feel differently. I did it 1 yr after L3, still think FRM exam was hard. Maybe because I don’t work in this area? The reading articles were bundled in 3’’ folders that I hate and never bother myself to open. I used Schweser too, but don’t think it prepared me well for the exam. I run out of time at the exam. I never feel so unsure about an exam. I guess I passed by luck.
nodes Wrote: ------------------------------------------------------- > Dsylexic, > > Where did you found your detailed analysis? http://www.garp.com/examanalysis/FRM2008.aspx you should find a form to enter email/garp id etc
mayrain Wrote: ------------------------------------------------------- > Posted by: I_HeartAccounting (IP Logged) > Date: January 21, 2009 08:25AM > > > Yeah I took FRM after L2, lots of overlap, but > some areas especially credit risk and VaR are > totally different. If you dont work in this area > it will take some extra time. > > I used Schweser books, videos and Q-bank. I think > this was more than enough to get you through. > ------------------------------ > > I feel differently. I did it 1 yr after L3, still > think FRM exam was hard. Maybe because I don’t > work in this area? The reading articles were > bundled in 3’’ folders that I hate and never > bother myself to open. I used Schweser too, but > don’t think it prepared me well for the exam. I > run out of time at the exam. I never feel so > unsure about an exam. I guess I passed by luck. mayrain did you get the FRM exam survey? just wondering. I would agree that the Schweser books did not provide a good prep for the exam. That being said do you remember the exam? I don’t think a Phd in quantitiative finance would have helped. It felt like everyone will suck, who will suck less. I was told that this exam was horribly written, and after I sat for it, i would have to agree. I found that the AM was not too bad, the PM. I remember the first 10 or 15 quetions being a joke, then the rest of the exam, I was clueless. I think I could have used another 30 minutes or so.
I_HeartAccounting Wrote: ------------------------------------------------------- > I found that the AM was not too bad, the PM. I > remember the first 10 or 15 quetions being a joke, > then the rest of the exam, I was clueless. And yet you passed… as I said before, this is a Mickey Mouse designation, not worth the paper. 1 - One level to test a ton of material completely unrelated. 2 - Only 17000 member worldwide -> no one ever heard of it. (My employer paid for it even though they had never heard of GARP) 3 - Exam is hard, but pretty much anyone who shows up passes. (MPS is probably 15% or so). 4 - Proctors are clowns compared to CFA proctors. At the UCLA test center, a dude was allowed to enter the PM session after banging on the doors 15 minutes after the test started. 5 - They seem happy to collect the $1000 and flood you with daily emails in return. and finally, the top reason why this is crap: 6 - Some people posted here that they passed FRM but failed L1.
mo34 Wrote: ------------------------------------------------------- > I_HeartAccounting Wrote: > -------------------------------------------------- > ----- > > > I found that the AM was not too bad, the PM. I > > remember the first 10 or 15 quetions being a > joke, > > then the rest of the exam, I was clueless. > > And yet you passed… as I said before, this is a > Mickey Mouse designation, not worth the paper. > > 1 - One level to test a ton of material completely > unrelated. > > 2 - Only 17000 member worldwide -> no one ever > heard of it. (My employer paid for it even though > they had never heard of GARP) > > 3 - Exam is hard, but pretty much anyone who shows > up passes. (MPS is probably 15% or so). > > 4 - Proctors are clowns compared to CFA proctors. > At the UCLA test center, a dude was allowed to > enter the PM session after banging on the doors 15 > minutes after the test started. > > 5 - They seem happy to collect the $1000 and flood > you with daily emails in return. > > and finally, the top reason why this is crap: > > 6 - Some people posted here that they passed FRM > but failed L1. mo34, This is a bit harsh. I would have to agree with you on may of your comments but still. When I say clueless, I don’t actually mean clueless, I didnt do the c,c,c,c,c,c,c,c,c,c. It was just very hard, similar to the pm session for the CFA. I think you have to also remember that this thing is about 10 years old. I don’t think the CFA (or what ever it was called back then, even before AIMR) had a lot of members 10 years in. I don’t know how they calculate the pass rates, but I would assume that it is similar to the CFA. So if you don’t sit for both the AM and PM your exam doesn’t count. That being said, a mid 40% pass rate may indicate that 15% mps is a bit low. I would have to completely agree with you regarding the proctors. I noted that: 1) the average age was about 65 - 70 2) one proctor almost started to cry since she ran out of exam books, 3) i could go on and on and on. I find your comment about the unrelated material interesting. I think risk management, unlike IM/PM works more in silos. I’m not too sure of many people (except for maybe a CRO) who would work in more than one area (credit, market or op).
I_HeartAccounting Wrote: > … > I would agree that the Schweser books did not > provide a good prep for the exam. … > I don’t agree with that, I used the Schweser material and passed. Without it, I would not have managed to learn the curriculum in time for the exam.
I was shocked to discover that I passed the FRM exam. I dont think that I had studied very well. I was wondering if having cleared 2 levels of the CFA had something to do with my results. By that I mean, at the time of registration for FRM 2008, I had written that I have cleared 2 levels of the CFA. And I guess, even in the examination survey, I have said the same (dont remember very well though). I was wondering if, GARP allowed me to pass because it knew that I will become a CFA charterholder soon and have a good career and by the virtue of having an FRM alongwith will make FRM more popular. Does anyone feel the same way?