hi Tumtum
i m new to this discussion
i have 6th edition of Hull, but where can i get this prof. edition ..
hey guys nice to read the frm discussion....my point is when will i be able to give the frm exam (eligibility) me currently pursuing mba-finance first yr n have a yrs relevant work ex....am i eligible to give the exam?
Hi, Manu...i am also preparing for FRM and is based at Kolkata. Wud like to form a study group in kolkata to share info, books,etc...If interested pl. contact at 09967592120
So in addition to schweser, will we have to buy a lot of other books? Can we work out a short list of books needed other than S and work on acquiring them asap? I have an ebook version of Hull...can share that if needed. I've noticed a lot of ebook versions of expensive books floatinf around for free on the net these days...could look it up in case we have a list of books.
TumTum, i'll be speaking to you soon man...need some serious advice coz 30th april is almost here and i dont wanna lose 150$ more!
Hi Rajath, would be grateful to you if u could share the ebook of hull, pls.
ankit_ag123 Saysany1 frm kolkata gvn the exam pls pm me...
Hi, i m giving exam fro kolkata, pls. contact
p_jit SaysDoes anyone has Solution manual for Option, futures & other derivatives of John Hull? I am also preparing for FRM-2007. Anybody in mumbai who is preparing for same, please contact me at [email protected]
Hi, if u hv recived it, pls. forward it to me at [email protected].
hi
does any of u has gone through Tuckman ...
please help me in ;;;
how can i found out the bucket exposure for a swap portfolio...
its in 7 chapter
waiting for reply guys.....
I just saw this thread and was surprised to many FRM aspirants. Indeed its a good and a very practical course. The key to clear it, is to remain patient and have a presence of mind. The paper isn't though but is rather very practical. You would not be asked questions which needs huge calculations. There would be hardly few of them. To crack this thing one needs to interpret things. The questions are not hard but are rather very tricky. And yes be ready for unpredicted questions. Do go through the Amaranth case study. We were expecting it last year, however it wasn't in the syllabus and I am not surprised that they have included it this year. I would suggest all of you who are appearing to go through the Garp Risk Review and Garp Risk News for few mins daily. It really helps.
Some important areas I think one can focus:-
Quant - Focus on GARCH, EWMA models, Monte Carlo Simulations (You can expect a simulated model to be thrown at you and would be asked to identify the error in it).
Market Risk - Read Hull (you will have to until and unless you have a Fin background). Also read Tuckman for Fixed Income.
Do try to read on German-Kohlagen model for FX though its not in the course. A bit on Exotics. We had a problem on Knock In-Knock out put option in FX.
Credit Risk - Focus on that research paper by Ashish Dev. Its very irritating but its very important. You can be tested on questions such as the philosophical difference between S&P; and Moody's. So do get your fundamentals clear over there. CDS pricing is surely imp. Also they have added more of Securitization this year. So do focus on that.
Operational Risk - Not many of us are masters in this field. So I believe its easy to crack this section. Basel will make or break. Expect atleast 10 questions on it. Also you will be given questions on Ethics which forms a part of this section. Unlike CFA where you are given a situation, here you will be given a situation as well as a responsibility such as - If you were the CFO of the company, If you were the CRO of the company.....etc.
These kind of questions are very irritating by nature and all the options seems correct.
Investment Management- Hedge Funds strategies. Do gulp them. Also they have added a reasearch paper this year. Focus on the formulas such as Sortino ratio, treynor ratio etc. it will definitely come. Coz no one tries to remeber it very carefully. This is the section where most of the people flunk. Thats what I have heard. But not very hard to crack.
Having said all this, do remember there are sectional cut-offs. So one cant just get away by scoring heavily in one section. You need to get sectional cut-offs and a overall cut-offs. A friend of mine got sectional cut-offs clear but didn't manage to get the over all cut-off i.e. 75% of the top 5% candidates (which is also same for all the sections).
But at the end of the day, you need to believe in yourself and as I said before one has to have patience.
And if anyone of you are wondering about the future prospects, its an open ticket to bank's treasury (though I am not working in any).
One can clear without a CFA or a Fin background. But if one has an engineering background it definitely helps in understanding things quickly. I cleared it which I had just finished my 1st year of PGDBA and I hardly had any Fin background. But definitely one has to work really very hard.
So guys do prepare well and after all its just another paper.
Just remember "There are various degrees of excellence... The danger lies, not in failing to achieve perfection, but in giving up the chase..."
Do let me know if I can help you all. I would definitely, if I can.
Apologies for the long reply
Prayagraj Patel
hey dere,
dis is Naivya..Plz guide me regarding the sectional cutoff...u mentioned in ur last post abt dis.As i m highly confused in this sense so plz help me out for the same.regarding the marking criterial for the exam?
I'll be highly thankful..
thnaks
naivya.
Hi there everyone,
I am new to this forum. I just went through the entire thread of yours on FRM.
To say the least, its great!
To start off a quick intro:
I am an Engg + MBA(Fin). Presently working in one of the top Hedge Funds mainly on Swaps & Options.
Just got myself registered for this yrs FRM paper yesterday.
Got my books today: Schwesers + Jorian's Handbook + Hull
I see most of you out here have completed good % of the syllabus. For me tonight will be Day-1 for FRM. So, wish me luck. Like my firm my approach to FRM will also be very leveraged. Lets see what this results into. Both ways atleast i hope to serve as an example.
Thanks & Best of Luck.
hey thanks a lot dude for your quick response. I really do appreciate the initiative willingness from you guys to make tis way of communication a success and mutually beneficial.
i am almost decided that i will be takin the FRM examination. my only concern is that i shouldnt get frustrated bcoz of lack of time as i am doin things almost from scrape.
all i want to knw are these 2 and a half months enough to do an frm with 3-4 hrs daily??? will the curriculum generate interest for me wen have only 2.5 months(ill be leaving the job and i am well prepared for cat (will need an avg of 2hrs daily for it))
is the exam unpredictable as in like most of the guys just scrape thru or like that??
again thanz for ur reply
highs and lows during preparation of any exam is natural. The motto is to keep ones pace and continue studying with interest. Not everything in most courses is absolutely interesting. It is upto you, what things interests you and where you need to 'create interest' in order to get reading the material and understanding it.
Some people study hard....some study smart....in terms of FRM preparation there are no two ways.....you have to put in efforts...and the result one has to wait and see...
Coz all you get to know is whether you have passed or not.
Regs
pun500 Sayshey guys nice to read the frm discussion....my point is when will i be able to give the frm exam (eligibility) me currently pursuing mba-finance first yr n have a yrs relevant work ex....am i eligible to give the exam?
for using the FRM designation you must have min 2 yrs of work ex. But you can give the exam without relevant work ex.
check out GARP website for more details on eligibility:
GARP : Global Association of Risk Professionals
Regs
Friends,
Just to supplement the mapping effort of Snowflake, attached is the xls file containing all the mappings.
keep striving!
rlkrao
Thanks buddy.
Great effort. Guess this doc should help all in making a better analysis of how much one has covered in terms of what GARP expects you to know before taking the FRM exam.
Regs
Hey everyone,
Download these files within a week.
Saunders Cornett http://download.yousendit.com/868323721B077F21
Kevin Dowd- Measuring Market Risk http://download.yousendit.com/3C57264225563140
Reto Galatti Case Studies Chp 6 http://download.yousendit.com/B23470D43C0D60C9
Dan Galai Chp 15 RAROC http://download.yousendit.com/D8E6BE3F4AE8233A
Schaum's Outlines http://download.yousendit.com/781F36142735B264
Securitization Handbook http://download.yousendit.com/987338E0386B66D5
Enjoy!!!
Hey everyone,
Download this files within a week.
(Reference book) Bloomberg- Hedge fund of Funds Investing http://download.yousendit.com/825C7D1F7F2559AA
Enjoy!!!
Hi Snowflake,
Thank you for sharing your views regarding FRM.
I tried downloading the files in YouSEndIt....But it is saying that it is exceeded the download bandwidth limits....
Can you help us in downloading the files once again.
Mathu
Hi Snowflake,
Thank you for sharing your views regarding FRM.
I tried downloading the files in YouSEndIt....But it is saying that it is exceeded the download bandwidth limits....
Can you help us in downloading the files once again.
Mathu
You probably need a faster connection. I can only suggest you to try downloading from a cyber cafe with a fast connection if it ain't possible from home/work. The links will only be active for a week. So guys who think have time must dowload. esp the case studies. Hope everyone is studying well. My situation is such that can't study though I want to. I was well aware of this pressure, that's why began prep ahead of time. As time goes i guess will have to slog in nov. Thats my side of the story. Happy studying guys ( & gals) 😃
Has anybody appeared or heard of Derivatives and Financial Analytics Institute (DFA institute)?
How good is the CDS or Certified Derivatives Specialist program that they offer?
Please see DFA Institute - Derivatives Certification
Regards,
Amar
I am in need of urgent help....
May I know where to get Texas BA II Plus or HP 12C Calculators in Chennai...
Hope FRM guys from chennai will be aware of it......If not atleast let me other places where can i get these calculators for FRM exam...
Thanks in advance
Hey everyone,
Download these files within a week.
Saunders Cornett http://download.yousendit.com/868323721B077F21
Kevin Dowd- Measuring Market Risk http://download.yousendit.com/3C57264225563140
Reto Galatti Case Studies Chp 6 http://download.yousendit.com/B23470D43C0D60C9
Dan Galai Chp 15 RAROC http://download.yousendit.com/D8E6BE3F4AE8233A
Schaum's Outlines http://download.yousendit.com/781F36142735B264
Securitization Handbook http://download.yousendit.com/987338E0386B66D5
Enjoy!!!
Links not working anymore :(
Snowflake, it will be great help if you can post them once more ...
Or anyone of us who got the stuff downloaded the last time.
Many thanks.
I am in need of urgent help....
May I know where to get Texas BA II Plus or HP 12C Calculators in Chennai...
Hope FRM guys from chennai will be aware of it......If not atleast let me other places where can i get these calculators for FRM exam...
Thanks in advance
Hi,
I have PM'd the number to you. Please check it out.
regards
ram