Self study finance FRM, how difficult is the exam

FRM is a new body of knowledge based on modern financial risk management systems, which were developed in the late 90s and are constantly changing.

Whether it is a textbook in a domestic university or an introductory book in a bookstore, it is difficult to keep up with its latest cutting-edge developments. The FRM system is derived from financial engineering, which is the core of the financial industry - financial engineering, and in the foreign teaching system, risk managing, evaluation, risk models, quantitative are courses offered at the master's and doctoral levels, and it is difficult to study in depth in the teaching system in Chinese mainland, and there are only a few universities in China that offer financial engineering, such as Xiamen University, Peking University, Renmin University, and Nankai University.

1. Close contact.

The content of the FRM exam is closely related to the industry's risk control practices; Most of the exam questions are practical problems in the industry, and the more than 9,000 pages of the learning reference material Corer EA Dings is a good reflection, and most of the members of the exam question team are industry experts with both theoretical knowledge and practical experience. The FRM exam is different from the CFA exam, which assesses the breadth of knowledge, and the FRM exam tests more practical experience in risk control and has a high degree of professional sophistication.

If the candidate's understanding of international risk management practice is not deep and comprehensive enough, not to mention that it is difficult to answer the exam questions, it is difficult to understand the exam questions, while the FRM level 1 focuses on the assessment of theoretical knowledge, which is relatively simple and 40% of the CFA knowledge system.

2. Topic**.

The focus and difficulty of the FRM exam and the style of the questions change greatly every yearBecause GARP does not have a full-time questioner, all FRM exam questions are selected by the world's top 5% FRM holders, so the focus and difficulty of the FRM exam and the style of the questions change greatly every year.

It is impossible to cultivate good and effective test-taking skills and techniques just by doing some old real questions and the so-called "real mock questions" that are mixed in the market. Therefore, no matter what kind of educational background or work experience FRM candidates have, it is very necessary to choose a training institution with strong teachers, professional research and development, and serious service. Of course, it is accompanied by carefully prepared materials.

Perfect! 3. Summary. As a highly valuable certificate in the financial industry, the difficulty of FRM certificate is self-evident, it involves quantitative analysis, market risk, credit risk, operational risk, investment risk, accounting, law, and other fields.

In recent years, it has received more and more attention and favor, and the number of candidates applying for the FRM exam has also increased year by year. There is also a storm in China, and reference personnel are all over the country. Regarding whether the FRM exam is suitable for self-study preparation or professional training, the director of the Shanghai chapter of GARP mentioned in a speech:

To put it bluntly, the FRM is an international financial professional certification exam that is difficult to complete by self-study.

FRM exam is based on the establishment of a new knowledge system based on modern financial risks, risk management has always been the core of financial work, and FRM is the most authoritative, the most stringent, the most recognized qualification certificate of financial risk management, so if we study by ourselves but do not have a certain knowledge foundation, then it is still relatively difficult to learn. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

Part I: Getting Started with FRM.

For most people who take the FRM exam, it is a beginner's experience.

FRM is an all-English test, and the first test for Chinese candidates is English.

Therefore, in the process of reading the original notes, proficiency in financial English is also an essential homework.

In this process, for Chinese students with a poor foundation, they can be equipped with "FRM Zero-based Financial English". In this way, there can be an improvement in the speed of reading and word mastery.

At the same time, FRM candidates, who are still confused about the concept of FRM exams, mostly only have a literal understanding of global financial risk managers. At this time, it is important to supplement the leading knowledge of FRM. At this time, you should become familiar with quantitative analysis, financial markets and products, and financial English as soon as possible.

Part II: FRM Knowledge Refinement.

At this stage, every self-examinee for the FRM has entered a state of sponge absorption. According to the content of the notes, the content of each chapter is read, understood and mastered in an orderly manner.

Part 3: Focus on reviewing and reinforcing knowledge points.

At this point, most of the candidates have already entered the professional field of FRM. But he is still a novice in the FRM professional army, and he has not practiced in his own shoes. In the process of learning FRM in a down-to-earth manner, many candidates have the habit of taking notes while reading a set of notes.

Each chapter, the essence of each knowledge point, variables, probability, and probability changes between concepts requires candidates to sort out the learning notes through their own understanding.

Part 4: FRM Consolidation Questions.

Candidates who have taken the FRM test know that the most important part is to do the questions. The official practice exam should be done, the exercises at the end of each chapter of the notes should be done, and the real questions should be simulated to be practiced frequently.

Having an immediate reflection on how much FRM knowledge you have mastered, checking and filling in the gaps, and making up for your own deficiencies has become the key to passing the FRM exam. Choose one of handbooks and notes to study at least once, so that you will have a comprehensive understanding and grasp of the basic knowledge. Go through all past papers on the handbook at least once, and if you have time, it's best to go through them again before the exam.

The practice exam published by the association should be completed at least once. Click here for a free consultation with FRM Masters.

It is difficult to study on your own.

Unless you're a true scholar.

Self-control is a bit poor.

Slackness and indulgence are sure to hang.

FRM (Financial Risk Manager) is the top authoritative international qualification in the field of global financial risk management, established by the Global Association of Risk Professionals (GARP) in the United States.

GARP is one of the world's largest financial associations with 150,000 members from more than 195 countries, serving more than 5,000 banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. Its main function is to raise standards in the field of financial risk management worldwide through the exchange of information and the implementation of educational programs.

The difficulty of the FRM exam is OK, it is recommended to choose a professional training institution to learn systematically, recommended to Jincheng Education, Jincheng Education has China's advanced teaching content development, professional technology and production team, has built a set of online schools, open classes, live broadcast, financial information, intelligent question bank, network SNS community, APP client and so on as one of the all-round platform. I still have questions and would like to know more about them

The difficulty of the FRM exam is mainly reflected in the pass rate and content of the exam

1. Look at the difficulty of the exam from the pass rate.

Judging from the passing rate of the FRM exam over the years, the pass rate of the FRM Level 1 exam is basically above 40% over the years, while the pass rate for the Level 2 exam is about 50%, and the overall pass rate is not high.

And there is no specific passing score for passing the FRM exam, it is calculated according to a certain proportion of the number of passers, which will further increase the difficulty of candidates to pass, and only those who answer more questions can pass.

2. Judging from the change trend of test questions at the content level of the test, the difficulty of passing.

The content of the FRM exam is basically a re-learning subject, which is more complicated and focuses on comprehension, and this is not an exam that can be passed by just doing questions!

If you want to know more about FRM, we recommend consulting Jincheng Education. With nearly 20 years of training experience in the financial industry, based on the classic "3+2" teaching model, combined with CFA and FRM intelligent learning platforms, Jincheng Education provides a full range of one-stop investment banking elite training for the majority of CFA &FRM candidates for the increasing difficulty of CFA and FRM exams.

FRM is very difficult, first of all, the FRM exam is an all-English test with sensitive, it is already a great difficulty for candidates who are not very good at English, the exam is based on the modern financial risk management system to extend the new knowledge system, the learning difficulty is very large, and the exam is changeable, keeping up with the changes of the times, and the irregularity of the question form gives candidates a greater learning challenge.

What is the pass rate for the FRM exam?

In May 2021, the pass rate of the FRM Level 1 exam was 47%, and the pass rate of the Level 2 exam was 59%; The pass rate for the Level 1 exam in November was 45 per cent and the pass rate for the Level 2 exam was 63 per cent.

In October, the pass rate for the FRM Level 1 exam was 44%, and the pass rate for the Level 2 exam was 62%; In November, the pass rate for the Level 1 exam was 45 per cent, and the pass rate for the Level 2 exam was 59 per cent.

In May, the pass rate for the FRM Level 1 exam was 42%, and the pass rate for the Level 2 exam was 60%; In November, the pass rate for the Level 1 exam was 46 per cent, and the pass rate for the Level 2 exam was 59 per cent.

This is the FRM pass rate data in the past three years, and it can be seen that the pass rate, especially the pass rate of the FRM Level 1 exam, is not high, and the difficulty of the exam can be intuitively seen.

Study advice for the FRM exam.

1. When enrolling in a class, candidates often feel unconfident and confused when studying FRM courses because of their weak mathematical foundation. Therefore, it is recommended that candidates can enroll in classes. Because online courses will have a precursor course, candidates can be provided with all-round tutoring for mathematics, basic financial knowledge and financial English related modules, so that candidates can have a firmer grasp of the knowledge points.

It also makes the candidates' review ideas clearer and their goals more certain. Make your efforts proportional to your results.

2. It is recommended that candidates study for more than 3 to 4 hours a day to understand and memorize the formulas related to the application of FRM mathematics, and learn to use them in combination with the example problems of the textbook. Ensure sufficient study time, and record, consult and solve problems that are tangled and not understood in a timely manner.

FRM exam registration period.

Registration period for the May 2022 FRM exam: The early bird registration period is from December 1, 2022 to January 31, 2023; The standard price registration period is from February 1, 2023 to March 31, 2023. November 2023 FRM Exam Registration Period:

The registration period for early bird price is from May 1, 2023 to July 31, 2023; The standard price registration period is from August 1, 2023 to September 30, 2023. Candidates need to know that the release of FRM seats will not increase significantly in the later stage, so the total number is so much, and the earlier you choose, the better you can choose your preferred seat. So candidates who are ready for the exam need to register as soon as possible.