Has the difficulty of the 2014 FRM exam changed compared to previous years?

First of all, FRM is a new body of knowledge developed based on modern financial risk management systems, modern risk management methods based on VAR and stress testing.

It was developed in the late 90's and is constantly changing. Whether it's a textbook at a domestic university or an introductory book in a bookstore, all.

It is difficult to keep up with its latest cutting-edge developments. The FRM system is derived from financial engineering, and the advanced stage is the core of the financial industry - financial engineering, while teaching abroad.

In the system, riskmanage, evaluation, riskmodels, and quantitative are courses offered at the master's and doctoral levels, taught in Chinese mainland.

It is difficult to study in depth in the system, and there are only a few colleges and universities in China that offer financial engineering, such as Xiamen University, Peking University, Renmin University, and Nankai University.

Secondly, the content of the FRM exam is closely related to the industry's risk control practices, and the FRM2 level is equivalent to the CFA2 level. Most of the exam questions are practical problems in the industry, and they are studied.

The more than 9,000 pages of the reference material corereadings are a good reflection of this, and most of the members of the exam team have both theoretical knowledge and practical experience.

Experts in the industry. 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 answering the exam questions, it is difficult to understand the exam questions, FRM1 level.

It focuses on the assessment of theoretical knowledge, which is relatively simple and has 40% of the knowledge system of CFA.

Finally, since GARP does not have a full-time examiner, all FRM exam questions are completed by the selected 5% of the world's best FRM licensees.

The focus and difficulty of the FRM exam and the style of the questions vary greatly from year to year. Just rely on boring heads to do some old real questions, and the good and bad are mixed with the ones circulating in the market.

The so-called "real mock questions" are simply not able to cultivate good and effective test-taking skills and techniques. Therefore, it does not matter what kind of educational background the FRM candidate has.

It is very necessary to choose a training institution with strong teachers, professional research and development, and serious service.

In fact, there is no qualitative degree of difficulty in the annual exam, judging according to the degree of personal review and the degree of control of the question type, the overall feeling of this year's national examination is still similar to last year, and there will be gains if you carefully consolidate the review.

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 FRM exam began in 1997. By the end of 2009, more than 20,000 people worldwide had earned the FRM designation. The FRM exam has test centers in Beijing, Shanghai, Guangzhou, Chengdu, Wuhan, Hong Kong and Taiwan, and there are about 1,000 people in China (including Hong Kong and Taiwan) who have obtained the FRM certificate, which is an extremely scarce financial senior talent.

In a sense, finance is a discipline that studies how to optimize the allocation of assets from the two dimensions of time and risk. Therefore, "risk" plays a pivotal role as a core variable in the financial sector. Financial risk management technology has received unprecedented attention, and the FRM exam has developed rapidly, and 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 authoritative certification in the field of financial risk management in various countries.

The FRM exam is divided into level 1 and level 2 (part and part) Friends who are interested in financial risk management or are engaged in related work can improve their risk management knowledge level by taking the FRM exam, and can add a heavy bargaining chip for career development and career development.