Yes you can appear for both levels of FRM in the same attempt in November.
I have yet to appear for CFA rather I have not started my preparation so I am not sure about the syllabus of CFA.However from what I know, there are some important differences---
1. Accounting and Economics do not form part of FRM. They form a part of CFA. 2. Corporate finance is also not included in FRM. It is a part of CFA syllabus. 3. Equity valuation and alternative investments are not included in FRM. They for a part of CFA syllabus.
However Probability and Statistics forms part of both.
I suppose that Derivatives and Fixed Income Securities form parts of both but in FRM, they go deeper than in CFA L1.
GKRM
abhishek_moh Says
Can I appear for both levels of FRM in one attempt in November.I am appearing for CFA L1 this june.Also I wanted to know if there is any similarity between the CFA curriculum and the FRM curriculum.
Are you planning to appear for CFA this june.I have registered but still have loads to cover,if u have any suggestions of the road map to be followed pls help.I am in first year of a bschool.Topics of Eco,Statistics and time value of money has been introduced as part of the MBA curriculum,rest all i need to cover myself...Any help frm ur side is welcome...Thanks
I am planning to appear for CFA L1 in December 2011.Right now I am just about to graduate from a leading B-school of the country and kind of exhausted after two grueling years here, FRM-PRM as well as placements. So I am just going to relax for some days and I will start studying only in April.
If there is anything I can do, don't hesitate to contact me on PM.
GKRM
abhishek_moh Says
Are you planning to appear for CFA this june.I have registered but still have loads to cover,if u have any suggestions of the road map to be followed pls help.I am in first year of a bschool.Topics of Eco,Statistics and time value of money has been introduced as part of the MBA curriculum,rest all i need to cover myself...Any help frm ur side is welcome...Thanks
Hello, I am planning to give my CFA L1 this december.
I am currently in my 2nd yr of engg, IIT Bombay. Although it is not allowed to give the CFA before one's final year, I want to clear the L1 in december so as to clear the L2 in june 2012, so that I may have 2 levels of CFA on my resume by the time of getting placed.
I have heard that people do give the CFA before their final year, but I need some fresh perspective on this. Some one PLS help me out.......and also, does any1 know a good coaching program in bombay for CFA??
From where I can buy material in Mumbai for FRM L1 except laxmi Xerox. laxmi xerox wala said that material will be in the market by 28th feb which is too late..I want to have material ASAP so anybody tell me the source...
Hi,
Even I have registered for FRM 2011 May, and I understand that the study material wld be available by 28/2, GKRM can u pls help...thx
I am appearing for part 1 in may. the books however are not available. I am in mumbai and req ur help wrt the preparation...can u pls help, is schweser sufficient??...thx
I have replied to your private message. Still let me write about it here for the benefits of others.
I referred to FRM handbook, Schweser material and Bionic Turtle videos.I also enrolled in Pristine Career's online tutorials, in which they provide question bank and model full length question papers.These are the main sources that I studied from.
Apart from this, in my opinion Hull's book on Options, Futures and Other Derivatives and a good book on business statistics (if Gujarati's book is available, that's great) are essential for any FRM aspirant. If you can get hold of Tuckman's book on Fixed Income Securities, thats great.But that book might appear a little overwhelming to begin with.
GKRM
Hi GKRM,
I am appearing for part 1 in may. the books however are not available. I am in mumbai and req ur help wrt the preparation...can u pls help, is schweser sufficient??...thx
hi puys m a graduate-completed my BBA in 2010 june ,was working in an mnc till last month i resigned from there, m preparing for bank PO exams & would like to do frm level 1 in may 2011, please tell me if daily 2 hours plus coaching on weekends will be enough for me to crack frm in may as i will also be preparing for PO with it & i have started a little late, & if 200 hours of preparation is enough??m good in quant.
Hi people, Anyone looking for FRM level 1 and 2 Schweser books in Delhi can get them from Mohit Book Center, Ber Sarai at a price of 800rs per level. Mobile No. 9911337144 Cheers
I am writing some things about the exam from my own experience of taking the exam in November 2010.I guess things would not change substantially this time round.
Inside the question paper, somewhere between two pages, OMR answer sheet is enclosed. The answer sheet has another paper attached to it so that whatever ovals you darken also appear on the other paper.In US parlance, they call it 'carbon paper'.The answer sheet and carbon paper are attached to each other using perforations on the top as well as left margin. Once the invigilator instructs, remove the answer sheet and attached carbon paper by pulling along the perforation on the LEFT side. Leave the perforations on the top untouched. By mistake, I had pulled at least 20% of the top perforation and I was really worried whether my answer sheet will be graded or not.Fortunately it was graded but why take chances?
In XAT,SNAP and other MBA entrance exams, you can change answer by completely erasing old answer and darkening new oval.However FRM follows different method.You CANNOT use eraser. If you want to change the answer, leave the already darkened oval untouched, darken the oval that you feel is the appropriate answer.Thus two ovals will remain darkened.In order for their computer to know which one of the two was the right answer expected to you, there is a blank square just next to ovals of the OMR. Just write 'A'/'B' or whatever corresponding to YOUR answer.Please note that whatever you write on OMR sheet is getting recorded on the carbon paper.If you use eraser on OMR sheet,it will erase only your answer on OMR sheet but whatever you have recorded earlier would be still visible on the carbon paper.If there is a mismatch between OMR sheet and carbon paper, that might lead to problems. Still carry an eraser because you might need it for rough calculations.
Thirdly,you have to return the question paper along with answer sheet.At any point, do not remove carbon paper from the answer sheet.If I remember it right, I had to sign on the question paper as well.You cannot carry the question paper with you.
Fourthly, you can do the rough calculations on the question paper.There are couple of pages in the question paper for rough calculations. I used them and I also used blank space on other pages to perform rough calculations.
Also make sure that you get enough practice of using the financial calculator. Some keys and functionalities on that calculator are not very obvious. Ordinary scientific calculator follows BODMAS rules but I guess BA Professional Plus of Texas Instrument does not.Get to know all such nuances and avoid last minute confusion.
They are very strict about time.If they say that doors will be locked at 7.45 AM, they mean it.Also once the invigilator asks to stop, just stop at once.They can file a violation report with GARP in case any of their instructions is not followed.
By now you might have received your hall tickets online.Get the printout of the hall ticket and remember that you are not supposed to write anything on the printout of the hall ticket.Hall Ticket will mention your GARP ID and seat number. One day before the exam, they put up the list of room numbers in the center and the examinees with GARP IDs in respective rooms.
I appeared for exam in Mumbai at Thakur College, Kandivali.On the day of the exam, I found out that according to GARP ID chart displayed the previous day, I was supposed to be in one room and according to seat number, I was supposed to be in some other room.Same was the case with pretty much everybody.That caused some confusion initially and we had to see the concerned person to find out the right room.If that happens, don't panic. During FRM L2, invigilator wrote the correct seat number on my Hall Ticket printout. I told him that according to GARP rules, nothing should be written on the hall ticket but he told me that they would take care of this. So the bottomline is if invigilator writes something on the hall ticket, tell him/her that it is against rules (of course it will be taken care of in case invigilators write something) but in any case do not write anything on your hall ticket on your own.
I am just writing all this to make you aware of what to expect in actual FRM. Don't get unnecessarily tensed up because of all these details.Just know that you might face something like this on the D-Day. Again the disclaimer applies-- I am writing this from my own experience of appearing for FRM in November 2010.Their rules might be same or might have been changed.So apply your own judgment.
Good luck for your FRM. I am sure that you all will rock!!!
Thanks for your valuable insight. I am planning to appear in Nov FRM. at present working in Bank in credit Department.Want to understand how much time require to clear Level 1 if i go for Nov exam secondly How should i prepare as i am only free on weekends.
Hello, I am planning to give my CFA L1 this december.
I am currently in my 2nd yr of engg, IIT Bombay. Although it is not allowed to give the CFA before one's final year, I want to clear the L1 in december so as to clear the L2 in june 2012, so that I may have 2 levels of CFA on my resume by the time of getting placed.
I have heard that people do give the CFA before their final year, but I need some fresh perspective on this. Some one PLS help me out.......and also, does any1 know a good coaching program in bombay for CFA??
Cheers.
U can appear for CFA L1 before graduation,but can REGISTER for CFA L2 ONLY after graduation. SO i recommend to appear first for CFA L1 and get basics of finance clear. Then u may clear FRM L1 and L2 till ur placements. That will surely get in any ibank u desire. If u need any help feel free to PM me.
PS: Maintain a decent CGPA.That helps a lotttttt.....
Hi All, I wrote June CFA L1.. Now want to appear for FRM L1 in November. I need to see the study material. If anyone of you has, then please let me know, I'll PM my email id to you.. Thanks
