Do you have any experience preparing for the FRM exam from scratch?

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.

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.

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%.

2. Analysis of each part: there are still a lot of objective questions such as first-level calculation, book is the key book1 is the foundation, and the set of capm Sharpe ratios must be tested every year, current issue (that is, risk events), and GARP rules. It's relatively simple.,But you have to memorize book2 is measurement.,I've learned the basics of statistics and measurement and passed the language level OK book3 derivatives.,Learn it.,Basically, every point can be tested.,I feel like I've taken 4 swap calculations this year.,It's very strange that sometimes the same knowledge point is tested for several questions.,So don't hold this definitely don't take the test The mentality of losing the province is a point.,I was like this.,Look at the test papers, some knowledge didn't want to read at the time, and really took the 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 get a first-level exercise book, or the latest 100 questions + official website questions.

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

Zero-based, working youth experience sharing of FRM exam at one time.

Here are the details of my exam preparation experience:

1. FRM exam schedule.

In July '16, I registered for the FRM Level 2 exam in November after coming down with a Level 1 score. Because I'm usually busy with work, I haven't reviewed much. In addition, there is a fluke mentality, because it feels like Part I is more relaxed.

So after the National Day holiday, I only read a little more than half of the handbook, and I did less exercises, and Jin Cheng's ** online class was about half of it. After the holidays, I suddenly felt that time was tight, so I studied for about 4 hours a day on weekdays and about 10 hours on weekends. I took three days off a week before the exam to study full-time.

2. FRM exam review materials.

The FRM exam review materials I used included the 16-year Jincheng Foundation Class** (**bought early), the pre-exam lectures**, a practice class, and read all of them against the courseware; Friends who have no foundation, recommend Jincheng FRM training course, it is better to read, if you read the book directly, time does not allow, it is difficult to master the knowledge points efficiently. **The teacher is very detailed and easier to understand.

2) Book materials.

I read a lot of handbooks, but due to the lack of time for the FRM exam, I read it very roughly, and basically didn't do the above exercises. Because I have read ** and have some understanding of some basic knowledge, when I read the handbook, I have a detailed understanding of some knowledge points that are not mentioned in **, and I can also check and fill in the gaps for the knowledge points that I have not understood thoroughly. I didn't have enough time to review, and I didn't read the notes, because Mr. Liang told us that it was okay not to read the notes.

I did the garp exercises, and I also did a few sets of Jin Cheng exercises. When doing the exercises, I checked the questions I didn't understand one by one.

3. FRM exam feelings.

The test will be held at Shanghai University. In the afternoon, the FRM exam time was relatively good, and before the exam, I saw a large group of friends wandering around the classrooms of Shanghai University, reading books. During the exam, I found that I couldn't get a lot of questions accurately, and I was dizzy after 4 hours.

I didn't feel anything after the exam.

4. Summary. The FRM exam is actually not difficult. Everyone should be able to live by reading books carefully. It's important not to be like me, read books carefully, and learn more. Good luck to all. ps: If you don't work hard to read the book, I'm sorry for the registration fee!

FRM is a gold medal certificate in the field of financial risk management, students who have taken FRM are more aware that there is a difficulty in the exam, especially for students with zero foundation, it will be more difficult to prepare for the exam.

FRM exam study length.

GARP recommends that candidates prepare for the exam for 14 to 15 weeks, which is about 200 300 hours. Candidates should adjust according to their actual situation.

As a gold medal certificate in the field of financial risk management, FRM is difficult to imagine, and for domestic candidates, there is also an English barrier in front of them. Therefore, it is important to have a detailed revision plan before preparing for the exam. The GARP Association has suggested that Level 1 and Level 2 require 15 weeks to prepare for the exam, and a total of 6 months for the two.

Among them, 10% of the preparation time for FRM level 1 is less than 100 hours, and 14% of the preparation time is more than 400 hours.

Deep Space Network suggests that the preparation time for FRM should not be based on the preparation time officially introduced by GARP. Candidates should prepare more time to avoid not being enough.

FRM Beginner Learning Program.

Step 1: Exposure to financial literacy.

For zero-based FRM candidates, they should read some finance-related materials to build their financial thinking before applying for the exam. Master financial English, with an understanding of probability and statistics.

FRM mainly examines the application of knowledge in real life, and it is not possible to pass the exam by rote memorization. Candidates should watch more hot current events and try to analyze them with financial thinking.

Step 2: Plan your exam in detail.

FRM is known as a "self-studying" exam, and for beginners, it is necessary to plan for their preparation and leave enough time to revise.

Step 3: Make a plan for the entire learning stage of the mu cultivation section.

The FRM exam is not only difficult, but also has a lot of knowledge. It is very important to grasp the key points and plan well for the preparation of the exam, which will help you study.

The pass rate of the FRM exam is 40% to 50%, of which the pass rate of the FRM level 1 exam is more than 40%, and the pass rate of FRM level 2 is more than 50%. Although the FRM Level 2 pass rate is higher than Level 1, it does not mean that you don't need to put in much effort when preparing for Level 2.

FRM exam pass rate.

FRM Level 1 exam pass rate over the years.

In the past 7 years, the historical average pass rate in May is 43%, and the historical average pass rate in November is 43%.

In the last 3 years, the average pass rate in May and 46% in November has been average.

FRM Level 2 exam pass rate over the years.

In the past 7 years, the historical average pass rate in May and the historical average pass rate in November have been achieved.

In the last 3 years, the average pass rate in May and the average pass rate in November.

What are the main difficulties of the FRM exam?

1. The introduction to the FRM exam is difficult.

The FRM exam is an all-English exam, which requires a lot of financial English vocabulary, and the FRM exam will also involve the basic knowledge of probability and statistics, which is more difficult for candidates with poor English ability or insufficient financial knowledge.

2. There is a lot of content in the FRM exam.

There are a total of 10 subjects in the FRM exam, and each subject covers a large amount of knowledge and a wide range of knowledge, and more importantly, the FRM knowledge points are updated every year by GARP. If you want to effectively grasp the knowledge points in the FRM textbook, you need to work hard to achieve the effect of memorization and comprehension.

3. There is relatively little FRM exam information.

4. The questions in the FRM exam are more difficult.

The questions in the FRM exam are difficult, especially in the FRM Level 1 exam, which has a large amount of calculations, and the exam time is relatively tight, and many candidates cannot finish it, while the FRM Level 2 exam is to test the candidates' comprehensive practical ability.

6. The preparation period for the FRM exam is long.

The FRM exam is a test with a long preparation period, and many candidates will not be able to stick to it, give up halfway, or prepare for the exam inefficiently.

How to prepare for the FRM exam with zero foundation

Step 1: Learn about the financial knowledge of Youyou in advance.

Zero-based FRM candidates should look at some financial information and finance-related information to build their financial thinking. Master financial English with an understanding of probability and statistics. FRM mainly examines the use of knowledge in real life, and only rote memorization cannot pass the exam.

Step 2: Develop a detailed preparation plan.

FRM is known as a "self-studying" exam, so it is recommended to plan for your exam preparation and allow enough time for revision to adjust your preparation plan according to your review progress and mastery.

Step 3: Plan the whole stage of learning.

The FRM exam is not only difficult, but it also has a lot of knowledge points. It is very important to grasp the key points and prepare for the exam well, as studying is helpful, and if the revision is disorganized, it will only reduce the efficiency of revision.

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.

The focus of the test is to strengthen the understanding of knowledge points, check and fill in the gaps, and improve the English reading speed. Because there are a lot of FRM level 1 calculations, during this time, I mainly practice problems, familiarize myself with and understand the formulas, and improve the speed of doing problems. By the way, you can get used to the use of financial calculators.

2.After the foundation is solid, you need "question sea tactics" to improve your self-confidence and check and fill in the gaps. Before the exam, you can try to do a set of mock questions or FRM past questions according to the time of the exam, adapt to the actual combat, and think about how to allocate time.

Level 2, Market Risk Management and Measurement, Credit Risk Management and Measurement, Operational and Integrated Risk Management, Investment Risk Management, and Frontier Topics in Financial Markets. Compared with the first level, the second-level calculation has been greatly reduced, and the number of exam questions has been reduced from 100 to 80, and the time remains the same, so I always feel that I can breathe a sigh of relief, right? In fact, in the part of market risk management, there are still calculation problems, and it is not to be taken lightly.