I m a finance graduate, how can I prepare for the FRM exam?

Hello classmates, I'm glad to answer for you!

I have a case of a test taker here, which is similar to yours, and you can learn from his exam experience!

I graduated with a major in finance and have a certain foundation in mathematics and English, and I took the FRM exam in November 2014

Level 1 and 2, all passed. I started my revision in August, and now I would like to share with you my experience of preparing for the exam.

Background: 2 years after graduating with a master's degree in finance, I often travel for work, except for free time to review on weekends, the random distribution of free time on weekdays is very uncertain, I have taken CFA1 level in graduate school before, and the preparation time is relatively sufficient, and I passed all A. (The point is to say that I actually have very little time to use when I review FRM, don't focus on the fact that I am from a finance class, in fact, I went to play when I was studying, compared to the major, drinking and bragging is better.)

In addition, although CFA level 1 passed all A, but I was in contact with the English professional exam for the first time, and it took more than half a year to review, what I want to express is that foreign professional exams are actually relatively simple compared to domestic exams, so simple that you can get all A's if you work a little harder, so you should relax your mind, and you should use a mentality to feel how foreign countries teach risk management to learn) Advice to you: review the first level to read the FRM textbook to lay the foundation, and review the second level to read the notes to expand your thinking. Since you are a bachelor's degree in finance, you should know some general financial terms, and it is OK to understand the basic knowledge.

If you can read in English, you can read the English textbook directly; If English is not good, it is still recommended to look at the English textbook, will not check the dictionary one by one, because the final exam is all English, looking at the Chinese textbook is not as good as one step at the time of review, otherwise you memorize the Chinese related textbooks, then you will not understand the English exam questions in vain. In addition, about registering for classes, I am a long-term business trip dog, can use the evening and weekend time to self-study and pass the two levels, if you have to register for a class, then I will not stop you, although most of the information can be found in the Internet search.

Finally, I would like to say a little more digression: after the FRM exam results came out, I made a comparison with the CFA level 1 when I was studying before, and the result was that I was indeed old, and the arithmetic questions were no longer bright, and the FRM level 1 calculation questions were more examined, and there were many questions that I did not do well in the exam, so it is recommended that you practice the basic question types more; But the good thing is that the mind is more mature than before, and many of the answers to the FRM Level 2 comprehension test are quite good, which is more thorough than the CFA test when studying.

Finally, to sum up, the secret of passing the FRM exam is: practice more questions at the first level, read more books at the second level, and have a correct mentality, and you will never lose.

Registration for the November 2015 FRM exam will open on May 1. Click here to receive the "May 2015 FRM Preparation Exam Notes".

Gordon Finance. Questions.

Gordon wishes you a happy life!

FRM Financial Risk Manager is an authoritative certification in the field of global financial risk management, established by the Global Risk Institute (GARP). FRM has been recognized by Wall Street and many well-known financial institutions in Europe and the United States, risk management departments of large companies, as well as the most advanced regulators and financial regulatory authorities in various countries, and has become the most authoritative certification in the field of financial risk management in the world. A certificate necessary for the promotion of bankers.

Taking the FRM Financial Risk Manager Certificate represents not only your ability, but also your efforts.

1) FRM exam preparation time.

The preparation time for the FRM exam depends on their level of prior professional experience, academic background, and familiar concepts. A survey of RM candidates in May 2016 showed that the average preparation time was about 240 hours. GARP recommends that test takers review and prepare for the exam in about 14 weeks.

More than 2 hours a day).

2) FRM application requirements.

3) FRM preparation materials.

risk manager handbook

Specified core reading

Notes are written

The textbooks used in the FRM exam are mainly Handbook and Core Reading, which are mainly based on these two sets of textbooks, of course, FRM also has auxiliary learning materials Notes, but the knowledge points are relatively scattered, so some people do not use Notes as the main preparation materials.

Notes is written by Kaplan, a well-known imitation leather CFA FRM training institution in the United States, and 90% of the world's test takers use this kind of tutoring textbook. The notes are concise and concise, the main points are highlighted, the key points are highlighted, and the logical relationships and knowledge system are arranged according to the official textbook handbook. When preparing for the exam, handbook is used as the main line of the fight, and notes are used as the auxiliary strategy learning.

Tips: According to statistics, the probability of passing FRM for zero-based self-study is less than 30%, and the probability of passing the class (face-to-face online course) is 86%.

The recognition of FRM holders by Chinese financial institutions is still very high, and the employment prospects of FRM in finance are very good. The FRM certificate is comparable to a master's degree and is also widely recognized internationally. FRM holders can be employed in the financial sector, as well as in the accounting and auditing departments of enterprises.

Career prospects in the Finance FRM pathway.

China's financial institutions still have a high degree of recognition for FRM holders, and the employment prospects in the direction of FRM in finance are very good. It is embodied in:

1. The FRM certificate is comparable to a master's degree.

According to an independent benchmarking study conducted by the UK's National Recognition Information Centre (NARIC), FRM is comparable to master's degrees in education systems in 9 countries and regions. The certification of the FRM certificate comparable to the master's degree can make up for the educational deficiencies of the holder.

2. FRM is widely recognized internationally.

As the world's leading professional certification in financial risk, FRM is applicable to a wide range of industries and has become a certification in the field of financial risk management around the world. If a financial person wants to be promoted and raised, he or she should have an FRM certificate.

3. FRM Employer List.

According to the list of employers of FRM licensees officially introduced by GARP, the top 10 banks that employ the most FRM licensees, among which Chinese financial institutions have the most, specifically:

Top 10 banks: Bank of China, HSBC, Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, JPMorgan Chase, Wells Fargo, Citigroup, Bank of America, Santander.

FRM Certificate Employment Direction.

Holders of FRM certificates can be employed in the financial field, as well as in the accounting and auditing department of enterprises.

The positions of FRM holders generally include: CFO, investment banking manager, bank president, financial information personnel, financial brokers, asset managers, financial engineering analysts, managers, analysts and assistants, insurance financial planners, risk managers, risk controllers, asset and liability managers and assistants, etc.

Who is the FRM certificate suitable for?

There are no restrictions on academic qualifications and majors for FRM exam registration, and it is suitable for college students, working financial professionals, or those who want to change careers to finance to prepare for the exam.

The opening up of the financial sector has suddenly opened up many young friends in China. However, what followed was distorted values: those who entered the investment bank were cattle, those who entered the Big Four were mortals, and those who entered the enterprise were natives.

I would also like to make it clear that there is no hierarchy in the work itself, and I absolutely do not agree with the idea that investment banks are more "advanced" than the four "seniors". Anyone who can do a good job in this industry is a good person.

Choosing a career path should be based on what you like to do and what you can do, and then try to strike a balance between the two. If you only want to drill into "advanced" work, you may not be able to achieve anything in retrospect.

In terms of occupations, the most common Buyside and Sellside links are the Trading Desk. The men and horses on both sides are almost corresponding. Basically, there are a number of:

trading, structure and research. Generally speaking, SellSide has a stronger research force, and a lot of basic information about BuySide relies on SellSide. The sellside structure focuses on how to price financial products reasonably, while buyside focuses on how to make market changes with a better model (the essence is the same).

The traders on both sides do things in the same way.

When the investment bank designs a financial product according to buyside's requirements, the two parties reach a deal. Then the investment bank will generally hedge the product risk through the relevant transaction as soon as possible, while buyside is generally "everything under control" at this time, because the product in hand is completely customized according to its own judgment. At this time, the relationship between the two parties is that of partners, and everyone earns their own profits.

In addition, sometimes the investment bank will also take the position, and then both parties are market players, and the relationship will become a game of life and death.

After talking about the business link, the career link will be a matter of course. The traders on both sides do things very closely, and it is very common for them to change jobs with each other. As far as research is concerned, investment banking is more difficult, and focus is also more difficult, so they are generally more willing to jump to buyside, but buyside does not need a lot of research, and it is not easy to change jobs.

Structure is needed by both sides, although the emphasis is different, but they are all the same, and they both jump between each other.

It depends on your own career planning. FRM is more biased towards risk management in finance, CIIA is biased towards investment, and CFA feels that it covers a wide range of aspects, from economics, financial analysis to investment and financial analysis. I don't know if it's right.

I prepare for CFA when I say oneself. There should not be much difference in the recognition of these three certificates.

It's all okay, mainly depending on what job you want to do, although both are financial positions, but the nature of the work is still quite different, and the content of the work is not the same.

Personally, I think financial analysts are more useful.

Zero-based finance can sign up for FRM. But if you want to pass the FRM exam, you naturally need to supplement your financial knowledge. Candidates can learn financial knowledge in a variety of ways.

Financial risk control, oak cave qin, or Liang Bi to take the FRM test, trembling.