What candidates need to do to prepare for FRM Level 1 for the first time

Make up for your knowledge of finance, English and math.

Then read the FRM syllabus.

Reading FRM materials.

Gordon believes that in this way, every link should be carefully implemented.

In fact, the foundation of risk management in FRM Level 1 is relatively simple among the four subjects, mainly talking about portfolio theory, several types of risks, the concept of enterprise risk management and some well-known financial risk cases. Quantitative analysis, on the other hand, contains basic knowledge about probability theory and statistics. This coincides with most of the content in CFA Level 1, but the FRM textbook is more comprehensive and detailed about the details of the content involved in this part of the knowledge.

And the content of "time series analysis" and CFA level 2 quantities also basically coincide. The subject of quantitative analysis is mainly based on investigation and calculation, and candidates need to practice more as a whole. Financial Markets and Products and Valuation and Risk Models are the focus of the FRM level.

60% of the questions are from the latter two sections. There is a lot of content in the financial risk market and product exams, and the knowledge points are also relatively miscellaneous, and candidates not only need to understand a lot of content but also memorize it. However, valuation and risk models have a lot of knowledge and difficulties, and there are a lot of calculation problems, especially bond and option pricing.

How to prepare for the FRM Level 1 exam: 1. Conduct it in stages and make a study plan; 2. Basic learning and mastery of knowledge structure; 3. Strengthen review and proficient application; 4. Total review: review repeatedly.

Candidates can also make adjustments according to their actual situation, and at the same time, they should reserve enough time to prepare for the exam, and have a flexible preparation time to deal with emergencies in life and do a good job of preparing for the exam!

What are the subjects of the FRM exam?

The FRM Level 1 exam consists of four subjects: "Fundamentals of Risk Management", "Quantitative Analysis", "Financial Markets and Financial Products", and "Risk Modeling", which focus on tools for assessing financial risk.

The FRM Level 2 exam consists of five subjects: "Market Risk Management and Measurement", "Credit Risk Management and Measurement", "Operational and Comprehensive Risk Management", "Investment Risk Management", and "Frontier Topics in Financial Markets", focusing on the application of the tools obtained at Level 1.

The FRM exam is a global qualification in the field of financial risk management and one of the most demanded risk management certificates for financial professionals. The exam is conducted at two levels: FRM Level 1 and FRM Level 2.

How do I prepare for the FRM Level 1 exam?

1. Carry out the study in stages and make a study plan.

Candidates can prepare for the exam in stages, in the FRM exam, English and mathematics are very important basic conditions, in the early stage of the exam to be prepared, to overcome English and mathematics, in this area of weaker candidates are recommended to prepare more time to make up for this shortcoming, filial piety hall generally at least one month more. It is recommended that candidates arrange their study time reasonably according to their own learning efficiency and work and rest time, and formulate a scientific and reasonable study plan.

2. Basic learning and mastery of knowledge structure;

Basic learning refers to the detailed study of the bibliography (original books of the association, FRM level 1 Chinese textbooks, Gordon lecture notes, notes, etc.).

3. Strengthen review and proficient application;

At this stage, the focus should be on a wide range of questions. Focus: Strengthen the understanding of the problem, grasp the idea of problem solving, and improve the speed of problem solving. This stage of study is generally recommended to be completed in 1-2 months.

Precautions: Focus on grasping the knowledge points examined by the questions when doing the questions blindly and cautiously, and avoid problems that will not be done if you change the question type.

4. Total review: review repeatedly.

As the exam approaches, it is recommended that you go through the notes you have made and the workbook that is easy to make mistakes, and review them intensively for your weak points.

FRM Exam Score Management Methodology.

After passing the FRMPART1 exam, you must pass the FRMPART2 exam within the next 4 years, otherwise the results will be cancelled. In addition, after passing both FRMPART1 and PART2, you need to accumulate 2 years of relevant work experience within 5 years and obtain the certificate, otherwise the results will be cancelled and candidates need to re-register for the exam.

The FRM Level 1 exam consists of four courses: "Fundamentals of Risk Management", "Quantitative Analysis", "Financial Markets and Financial Products", and "Risk Modelling".

1. Fundamentals of risk management.

It is the first subject that FRM candidates should be exposed to when preparing for the FRM exam, and it is the foundation of the entire FRM exam, which is particularly important for FRM candidates, so everyone also needs to pay great attention to it when preparing for the FRM exam. In addition, many of the knowledge points in the special course are complex, although they are basic, but they still require everyone to spend energy to learn.

2. Quantitative analysis.

This FRM Level 1 course is relatively simple compared to the other three Level 1 courses, so some of the mathematical calculations involved in the exam are involved in many candidates' financial mathematics courses during school, so many candidates will not have much pressure when studying this course.

3. Risk modeling.

This course places a strong emphasis on the candidate's ability to memorize formulas, which requires not only comprehension, memorization, but also the ability to use them flexibly in a variety of exam questions.

4. Financial markets and products.

This Level 1 course is also the focus of the entire Level 1 exam, so the proportion of exam content is also relatively large! However, if candidates find the right way to learn, it will not be very difficult to learn! Chiropractic.

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How do I prepare for the FRM Level 1 exam?

Preparing for the FRM Level 1 exam is mainly for candidates to make a study plan first, because it takes at least a month to prepare for the Level 1 exam, and if there is no good preparation plan to support you, it is easy to give up in the later stage.

Formulate a strict and scientific learning schedule and quantitative assessment standards, such as how many pages of the textbook are read every day, and how many questions are completed per day, so that you can grasp the time required for each course as a whole, and ensure that all the learning tasks are completed some time before the exam, so as to have enough time to prepare for the exam.

What is the FRM level 1 score to qualify?

There is no specific score for the FRM level 1 test score, and our results can only see the numbers 1-4, which is the commonly used method of quartile statistics abroad, where 1 represents a good score, and the four subjects of FRM level 1, each subject will correspond to a grade. However, it should be noted that the questions of all subjects are scrambled during the exam, rather than arranged in order of the four subjects. That is, the score is based on the quartile level, and the GARP Association does not give detailed passing criteria.

In order to let partners who are interested in FRM better understand the relevant knowledge of the FRM exam and better study, we have prepared a free FRM financial risk control career improvement training camp, which can be received with one click by poking below**

There are two types of preparation for the FRM level: one is 14 days and the other is 15 weeks.

There are still many subjects in the FRM exam, there are four subjects in the FRM first-level exam, and six subjects in the FRM second-level exam, which exists in the knowledge system of financial risk management is still relatively large, for FRM candidates who are not very strong in learning, it takes a long time to learn the content of FRM, so it is recommended that FRM candidates still make full use of their boring time, and do not waste their preparation time in vain.

For FRM candidates, the learning method may vary from person to person, for example, some candidates may carry out the corresponding FRM exercises after learning all the FRM knowledge points, so that they can better master the knowledge of FRM, and some candidates are more suitable for the method of deepening FRM knowledge points in the process of learning FRM knowledge points, combined with exercises, different FRM candidates may have some differences in the method of learning FRM, it is recommended that FRM candidates still find their own FRM learning method. Learn more effectively.

In general, 14 days can take the FRM level 1, but the chance of passing may not be so ideal, in addition, it is recommended that FRM candidates still make full use of their time to learn FRM knowledge. Judgment of eggplant.

Hello, happy with your question.

FRM commonly uses 10 types of exam preparation materials.

1. Study Guide: A list of original books provided by the GARP Association.

2. FRM syllabus: The syllabus provided by the Kiding Zen Garp Association. Kaplan Notes can also be found in the manuscript tour.

3. Core Reading: Books listed on the GARP syllabus. Advantages: It covers a comprehensive range of knowledge points and can help you correctly understand the knowledge points tested in the syllabus. Disadvantages: There are a lot of materials, which is not suitable for students with limited revision time.

Condense knowledge points and be organized. Disadvantages: Some of the test center chapters are missing, and all of them are non-negligible chapters.

If you use the handbook as the main review material, you need to supplement the relevant materials.

5. Notes: Preparation books produced by the training institution Kaplan. Advantages: It is completely explained according to the syllabus, and the knowledge points are comprehensively covered. Cons: Unorganized, not easy to understand.

6. Practice exam: Mock questions provided by GARP every year. Recently, the mock questions have become easier and more difficult, and the difficulty of the mock questions in previous years is closer to that of the exam. It is recommended that if you have time, you will do it for several years and feel the dust.

7. Notes Exam: Mock questions made by Kaplan. It's difficult, so you can do it when you have time.

8. Quicksheet: convenient to access important knowledge points and formulas.

9. Exercise questions and handouts: Jin Cheng's own questions will be given free of charge by internal students.

10. FRM Chinese Essentials: suitable for on-the-job candidates with weak foundation in zero-based English and short preparation time. Jincheng frm Chinese essence is being published and will be available to you later. Thank you!

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

Gordon wishes you a happy life!

1. FRM is a very good exam, and you can pass it if you brush the questions at the first level. Legend is a four-part rating based on your score relative to everyone's score, with the best being 1 point and the worst being 4 points, and the four sections add up to no more than 10 points in the Legend. That is, you get 1 point for doing the top 25% of all of them, and 4 points for the bottom 25%.

For example, I'm very watery 3222.

2. Analysis of each part: There are still many objective questions such as first-level calculation, and the book is the focus.

Book1 is the foundation, and the CAPM Sharpe ratio must be tested every year, the current issue (that is, the risk event), and the GARP code. It's relatively simple, but you have to memorize it.

Book2 is measurement, and it is OK to learn the basics of statistics and measurement and pass the language barrier

book3 derivatives,Learn it.,Basically, every point can be tested.,I feel like I took 4 swap calculations this year.,It's weird that sometimes the same knowledge point is tested with several questions.,So you must not hold this definitely don't take the test and lose the mentality of losing the province.,I was like this.,Look at the test paper and some knowledge didn't want to see it at the time I really took the test 3 questions.。。。 Book4 risk, var, Greek letters, option pricing, are basically also the focus, and there is a connection between them, this part needs to be more careful.

General strategy: quickly memorize the knowledge of book1, awaken the memory of book2, understand the key parts of book3 and book4 (the standard of the key point is to do the simulation behind the first-level note and count the number of questions in each chapter), and take the objective questions (arithmetic) as the first priority.

3. Books required There is no problem for students to brush books by themselves at the party level, and it is not recommended to buy them. Working people too tired can be considered, but it only helps to understand. Handbook really doesn't work.

English and Chinese are scanned, and it feels useless. Note4 is the most useful. It is enough to cooperate with Jin Cheng's latest 100 questions + official website questions.

The official website title must be done, looking for the feeling of garp.