Part I - Quantitative Analysis

FRM
#1

I am going over the readings of the quantitative analysis section, specifically chapters 2-7 of Mathematics and Statistics for Financial Risk Management, and there are A LOT of formulas in there. For many of them, the book itself admits that “most risk managers will not need to memorize this”. I am wondering whether I need to have them all memorized for the exam, or perhaps it is enough to understand them. Do the GARP books and/or the Schweser notes provide a better indication of what is needed for the exam and what is not?

Thanks

#2

Do yourself a favor and obtain the Schweser and/or Bionic Turtle notes to supplement the source material. These prep providers will streamline it so that it is obvious which ones you don’t need to memorize and which ones you do.

A simple scan of many threads in this in this section will support my assertion that this is the way to go. Don’t rely on the source material alone – you will work twice as hard and remember half as much.