This section of the forums has been pretty dead lately; I thought I’d throw it out there to my fellow Part 2 takers and see how everybody’s doing with their studies. This got here pretty quickly – only 3 weeks left…hell, it seems like GARP just released the new AIMs only three weeks ago…
I just finished reading operational risk and still have one more book to go. Whole Basel sections were dry and boring as hell. Last book seems its more interesting. After that, do as much practice problems as possible. Studying with schweser again this time. Though I passed, I had horrible experience with Schweser for part 1. Its too late for me to switch to another material anyway. Someone mentioned, schweser should be sufficient for part 2. I hope he is right… Good luck.
Just read about 40% of the material so I won’t make it on time but I’ll give it a go. There is always a chance to pass, otherwise I’ll be fully prepared for the November exam. Must say, topics are not an easy read.
Gangsta, I actually plowed through all the material earlier (as soon as the Schweser flipbooks were posted I was reading them online), and am now in my “second pass” phase. I have to tell you, some of those ugly sections had zero sticking power on my brain. Thoughts: the Credit Risk section – interesting but difficult and nuanced, particular in the non-formula interpretation areas. Operational Risk (incl. Basel, etc.) – dude, just absolutely a snooze fest. Plus, I couldn’t help thinking, how valuable is this to understand a ridiculous set of regulatory standards that gets rehabbed every time there’s a blowup? Oh well. Less than three weeks to go…I can get philosophical after destroying the test. Good luck to you too.
Well, Part 2 folks…Schweser practice exam results were quite crappy and middling. I have yet to take the GARP practice exams. In the overall analysis so far, I would say that I am nailing the ones calling for calculations, but suffering on all of the Basel-related and operational-related items. It’s like my brain doesn’t want to absorb all of the “man-made qualitative” concepts in the material.
How’s everyone else doing?
Not doing so well myself, Operations with all its approaches and abbreviations seems to be a difficult theme to absorb…
Agreed, Jervis. The flavor of it, to me, is more like what one would find in a business management text. It is all just memorizing the various functions and who is involved in the CORF, ORMS, RAF, etc., etc. Org-chart nonsense causes my intellect to slowly die. I’m in it for the mathematics!