We hope that everyone did well on the exam! We would love to hear any feedback that you have. How did it go? Did you encounter unexpected questions? Thank you in advance for any feedback you can provide!
Exam Feedback May 2016 Part 1 Exam Feedback
- Thread starter Nicole Seaman
- Start date
Abhishek Pandey
New Member
FRM Part 1 exam was much theoretical than what i expected.. questions were not unexpected but was time consuming, i finished in last moments
ashish_pandey
Member
what do you guys think should be a par score to clear here (part 1).i guess Cmalcom with 55 should be above par here
ashish_pandey
Member
i did decently well from questions 1 to 50 in 2 hrs..but screwed up from 51 to 75. last 25 questions went decent enough...theory was confusing while numericals were like never straight forward
gaurav11235
New Member
Yoooung, Did you appear for both part 1 and part 2? If yes, How was part 2? There is a separate thread to discuss part 2 questions.
I entirely agree
yeah, yes I sequentially apply part 1 and part 2 exam today.. so I worried about level of difficulty of part1
part 2 was concentrated to fundamental concept.
but I can't remember all 180 questions ;( so I couldn't reply on part2 thread
A concept like Basel capital ratio is not appear in 2016 may part2.(but FRTB is set on exam)
current issue part was clearly easy but charge many proportion
main topic was KMV model(distance t default), calculate credit VaR, implied volatility, CVA, calculating ES using table etc..
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gaurav11235
New Member
Can you add questions on current issues, if you remember some? I am trying to match answers.
I can't remember over them.. uh..um.. sorry, I can remember
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gaurav11235
New Member
At 55 correct answers, You should sail through..
Indeed, the number of theory questions was more than I expected. There was a number of similar questions on unexpected loss. Calculating VaR, hedge ratio and option pricing using Binomial and BSM with dividends. I also finished 1-50 within 2 hours but 50-100 had some time burners and I agree, the theory was confusing. I randomly guessed about 10 questions and made educated guesses on additional 10 . This excludes the wrong answers I was confident about. Fingers crossed. I wonder what the pass mark is?
. This excludes the wrong answers I was confident about. Fingers crossed. I wonder what the pass mark is?The shocker was GARP asking questions to calculate autocorrelation!!! That indicated the level of difficulty of part 1.
The exam was very theoretical! I had practiced sooooo much on VaR and Quants and felt like the questions were very tricky. It was not straightforward. Plus there was very little time to dissect the tricky parts . I felt so good about VaR and CAPM and quants before the exam .. Not anymore 
)
. I felt so good about VaR and CAPM and quants before the exam .. Not anymore )Do you mean that you though the exam was too easy @HarshilDave?
Same here Raya! The quantitative parts were tricky too
the exam was very difficult. I agree with everyone, the first 50 questions were okay. Questions from 50 to 70 were the tough ones. So many unexpected questions - UL, Keyrate, tons of qualitative risk management questions (i found the answer choices not to be obvious).... it was tough.. The GARP practice exams are definitely not an indication of the level or type of questions given. I guessed about 10 because i ran out of time and 10 -20 educated guesses. Every question given was tricky... ahhhh it was intense !! not sure about the pass rate ....
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