Financial Risk Manager [FRM] by GARP

Can u please indicate what is the approx. cost please.
Also, is it at Vile Parle, East or West?
Regards,
Shankar

Can u please indicate what is the approx. cost please.
Also, is it at Vile Parle, East or West?
Regards,
Shankar


Vile Parle (W)

I think a professional is for 2500/- and a Basic TI II is for 1700/-..
Vile Parle (W)

I think a professional is for 2500/- and a Basic TI II is for 1700/-..

Thanks Rajat for the info.
Regards,
Shankar

Hi friends,I wrk with Reveleus - a risk mngmnt sol. div. of Iflex @ B'lore. I wish to take the FRM exams too and have been reading several posts on P Guy. However I ve lately learnt about Asso. of Certified Anti-Money Laundering Speciailists (ACAMS). Does anyone have an idea about it? kindly reply. Besides, I ve been contemplating to start a thread abt it... but don know where to start from.. 😃 would be great if some1 cud help with tht 2...Cheers,Mihir Salot

I am planning to start preparing for FRM for Nov 2007. But I am not sure whether it is too late. I think it is indeed too late.
At max there are 4 months left. I dont have much insight as to how heavy a investment does it demand. I am a working software engineer. I can take out max 3 hours on weekdays and full 12 hour days on weekends. Basically we are talking about absorbing 6 daunting books in 4 months which still might not come out to be enough. I just want to know that with all this investment, how likely would it become to clear the exam. I dont have a finance background but I have studied CFA L1 course material (only to realise it too late that the damn thing was no longer happening). I am extremely inclined towards appearing for FRM this year if only I can see it as an achievable target considering my current time frame and to not let waste $650 into the sink. But I am still hell bent to do it if its anything less than impossible.

Please comment. Tumtum's comment would be highly appreciated.

Please guide.
For the FRM material thats available in Mumbai, they are also giving out core reading material xerox copies. Do I really need to buy those? As in how essential would be come out to be? Can FRM not be cleared without going through those?

Please guide.
For the FRM material thats available in Mumbai, they are also giving out core reading material xerox copies. Do I really need to buy those? As in how essential would be come out to be? Can FRM not be cleared without going through those?


Dear Foobar,
Which place do they give the xerox copies? Is it at Laxmi Xerox? Please help.
I think it is better if you read those core materials for the subjects you are not very familiar.
Regards,
Shankar.
I am planning to start preparing for FRM for Nov 2007. But I am not sure whether it is too late. I think it is indeed too late.
At max there are 4 months left. I dont have much insight as to how heavy a investment does it demand. I am a working software engineer. I can take out max 3 hours on weekdays and full 12 hour days on weekends. Basically we are talking about absorbing 6 daunting books in 4 months which still might not come out to be enough. I just want to know that with all this investment, how likely would it become to clear the exam. I dont have a finance background but I have studied CFA L1 course material (only to realise it too late that the damn thing was no longer happening). I am extremely inclined towards appearing for FRM this year if only I can see it as an achievable target considering my current time frame and to not let waste $650 into the sink. But I am still hell bent to do it if its anything less than impossible.

Please comment. Tumtum's comment would be highly appreciated.

I think you can still go ahead and do it. But, one has to be sincere and maintain the study hours throughout, since you dont have prior experience.
Regards,
Shankar

Hi Shankar,
Yes. People at Laxmi say that. You can call them and ask. I suppose they are talking about the stuff thats mentioned here. Its available @ Rs 1500 + 300(courier)
Have you gone through the core readings? If yes, how heavy are they considering Schweser consists of 6 books itself.
Apologies I have limited perspective into the whole thing but if I may ask, can one be confident enough to pass it by doing scheweser alone thoroughly? I realise that Core readings are important, but in the bare 19 weeks that are left, my focal point is to clear the exam. Assimilating knowledge may come later for me.

Regards

Hi Shankar,
Yes. People at Laxmi say that. You can call them and ask. I suppose they are talking about the stuff thats mentioned here. Its available @ Rs 1500 + 300(courier)
Have you gone through the core readings? If yes, how heavy are they considering Schweser consists of 6 books itself.
Apologies I have limited perspective into the whole thing but if I may ask, can one be confident enough to pass it by doing scheweser alone thoroughly? I realise that Core readings are important, but in the bare 19 weeks that are left, my focal point is to clear the exam. Assimilating knowledge may come later for me.

Regards

Hi Foobar,
Thanks for the info. No, Iv not touched core readings at all, so far. Though Iam in the banking field, risk management is new to me. I started with Shweser a month back and yet to complete one volume. My strategy was to first finish Schweser and then start with some of the core readings in those subjects where Schweser is not very clear or have not elaborated well.
If you are strightway able to assimilate from Shweser, well and good. You can follow my strategy.Else, if you are not very comfortable, better to start with the corresponding core readings and then start with Shweser. Sheweser people recommend that one should fully go through their material and then try the core readings so that one could better appreciate the scope of the subjects. It is upto you.
As for whether to attempt the exam this year, I think it depends on your background, familiarity with the subjects tested and how much time you are willing to give for preparing for the exam. If you have slightest of doubt, you can attempt next year. But, if you feel confident and able to put in lot of effort in the next few months, you can go ahead.
One thing accepted is that for people with reasonable familiarity and practitioners of risk management, Schweser is sufficient. But for the rest, one should look at core readings also to some extent atleast.
All the best.
Regards,
Shankar.
I am planning to start preparing for FRM for Nov 2007. But I am not sure whether it is too late. I think it is indeed too late.
At max there are 4 months left. I dont have much insight as to how heavy a investment does it demand. I am a working software engineer. I can take out max 3 hours on weekdays and full 12 hour days on weekends. Basically we are talking about absorbing 6 daunting books in 4 months which still might not come out to be enough. I just want to know that with all this investment, how likely would it become to clear the exam. I dont have a finance background but I have studied CFA L1 course material (only to realise it too late that the damn thing was no longer happening). I am extremely inclined towards appearing for FRM this year if only I can see it as an achievable target considering my current time frame and to not let waste $650 into the sink. But I am still hell bent to do it if its anything less than impossible.

Please comment. Tumtum's comment would be highly appreciated.

Foobar

The answer depends on your background.

If you have a finance background, then I think you will definitely be in a position to appear for the exams well prepared.

If not then you may have to slog a bit more. All in all, I think 4 months going by the kind of time you say that you are going to prepare in, is sufficient.

I say go ahead, you have all the chance of clearing it. All the best for studies !

For Tumtum please:
Hi Tumtum,
Thanks for creating this wonderful thread on FRM.
Can you please tell me from where, in Mumbai, you had bought the Professors edition of Options, Furtures book by Hull. I enquired with a couple of bookshops in Mumbai but they told that they only have the students edition.
What is the cost of the book? Is it costlier than the students edition?
Regards,
Shankar.

Hi Shankar.
Even I am trying to find the prof version of the book but to no avail !
Will let you know as soon as I manage to get it !
Hope you are studying well, my studies have gone haywire due to work pressures.
The earnings season is around the corner and I am doing groundwork for the same, so I have no time for studies.
Regards.
Hi Shankar.
Even I am trying to find the prof version of the book but to no avail !
Will let you know as soon as I manage to get it !
Hope you are studying well, my studies have gone haywire due to work pressures.
The earnings season is around the corner and I am doing groundwork for the same, so I have no time for studies.
Regards.

Hi Tumtum, thanks for the reply. My study is progressing badly. Iam not able to study on daily basis. I am now with the Market risk section of Vol I of the new Schweser 2007.
Like you had said earlier, I think one needs to re-read the portions often to remember well. I plan to do a revision of Vol I again after completing it since I have forgotten the earlier lessons. Problem with me is that I do not have familiarity with these subjects. It takes time to understand them. I dont know what will be the nature of questions in the actual exam. My plan is to complete Schweser by September end so that the rest of time will be for revisions and then doing practice exams and then if possible read some core materials.
Eagerly looking forward to your periodic updates.
Regards,
Shankar.

Hey guys...i just finished the Credit Risk readings from the core material.Its really quite different from Schweser in the qualitative aspect...with practical cases et al.the problem with Schweser is dat, in their bid to compress the syllabus, they some tiems omit topics whch are deemed "unimportant".this happened in the CFA Level 2 where 1 whole caselet of 6 questions ws pretty much over d top for someone who had relied ONLY on Schweser (me :neutral:)

so for anyone having even a lil extra time, PLS do refer the core readings. this isnt to say that u cant clear wid Schweser.sure u can, but the core readings r realyl worth it.

Hey guys...i just finished the Credit Risk readings from the core material.Its really quite different from Schweser in the qualitative aspect...with practical cases et al.the problem with Schweser is dat, in their bid to compress the syllabus, they some tiems omit topics whch are deemed "unimportant".this happened in the CFA Level 2 where 1 whole caselet of 6 questions ws pretty much over d top for someone who had relied ONLY on Schweser (me :neutral:)

so for anyone having even a lil extra time, PLS do refer the core readings. this isnt to say that u cant clear wid Schweser.sure u can, but the core readings r realyl worth it.

Agree to every word you say Ryan !

I was just going through the options part in Schwesers and boy-oh-boy....."pathetic" is the right word to describe the options and swaps part that they have given in the reading !!! It couldn't be worse !

Actually I am hard pressed for time so I thought that since I already know the basics, I will read through Schweser but I think its a mistake. Freshers must never read first from Schweser. They should go to Hull first at all costs.

I have had to considerably slow down owing to work pressures and I am now about to go through the VaR part, after which, the MRMM part will get over.

By this time, most of what I have read in Operational Risk is beginning to evaporate, I
feel so. But nevertheless, I will go onto the quant part and Investment Management & Risk Management after that and finally settle for Credit Risk. Lets see how it goes.

How are your studies going on buddy? You seem to be making great progress, all the best and continue studying !
Hey guys...i just finished the Credit Risk readings from the core material.Its really quite different from Schweser in the qualitative aspect...with practical cases et al.the problem with Schweser is dat, in their bid to compress the syllabus, they some tiems omit topics whch are deemed "unimportant".this happened in the CFA Level 2 where 1 whole caselet of 6 questions ws pretty much over d top for someone who had relied ONLY on Schweser (me :neutral:)

so for anyone having even a lil extra time, PLS do refer the core readings. this isnt to say that u cant clear wid Schweser.sure u can, but the core readings r realyl worth it.

Hi Ryan,
Thanks for the info. I think, given the time at my disposal, I would not be able to complete many parts of the core material. Anyway, I think I should look at how to optmise the time to derive maximum benefit.
Regards,
Shankar.

>

"hey everyone

I am Brijesh goel , a new joinee to this group.. I am a B.Tech from IIT Roorkee in mechanical engineering. Currently working for GE, bangalore. Something that you would expect-- i am very much interested in FRM exam this november-- certain issues i have are:

1) I am in bangalore - so can any one recommed me on how to get those schweser notes or for that matter frm handbook...
2) Can anyone send me the soft copy ... i t will be really helpful..The e - mail id is [email protected]
3) And finally ( a lame question you may find it) -- do you guys think i have sufficient time ?? I mean i can study realy hard - that wont be an issue but am i talking something impossible??

Guys this is urgent so prompt replies will be really helpful..

Thanks"






Dood...well...u say no finance experience. it hink you should focus on attemtping the CFA Level 1 exam in December rather than the FRM.cuz Level 1 exposes u to all the Finance basics.FRM, from wat i have read of the material till now, assumes that u have a basic finance knowledge and builds on that.
of cuz there are ppl who do FRM widout CFA or any finance degree..but then they have worked in finance for long enough that hey know the stuff.

All said and done...it IS possible that u can still crack FRM.u'll have to slog real hard with the basics etc tho. but a more sure-fire way wud be giving Level 1 or some othr finance test and then attempting the FRM.thats just my view tho...lets check wat the seniors like Tumtum have 2 say on this.
wat u CAN do tho , is order the material and check it out in a couple of days.it'll cost u bout 2000 if u order from Mumbai...but when ur makign such a big decision i think it'll be money well spent.u'll get d basic idea of the course and see if u r compatible for it @ dis stage. __________________



Hi Ryan,
With all due respect, why do you think CFA L1 exam is happening? They arent even letting any Indian to register!:neutral:
Core Readings

Tumtum and Ryan pls reply...
I am studying Schweser sequentially. I have reached Advanced Topics in VAR. As I can see that Schweser doesnot easily map to Core Readings or even the 2007 study guide. I dont have any finance background. I had prepared for CFA L1 from Scheweser and my finance knowledge ends at that. And the schweser material is not coming through clearly to me in the first read. I am not able to grasp it fully. Its touch and go.
I need to know what all topics should be covered from Core Readings? I am in a super time crunch. I would be grateful to you guys if you can point me out the chapters from Core Readings that arent explained well in Schweser must be done before appearing for the exam.

Thanks in advance