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No. I think it is too soon. I have heard it takes at least 2 weeks and most likely 6 weeks. The one person who reported they got it approved seems to be the anomaly.

For FRM it is safe assumption to make tail VaR means same thing as conditional VaR, i.e. ES. FYI calculus (taking an integral) and this question is outside scope of FRM exam. You won't see this type of problem on the exam.

>> Why do I pick an area of 0,45 for VaR? You asked to find at 0.95 confidence (where I assume confidence is from [0,1]) in the question right? There is 1/2 area (0.50 to 1) on the first quadrant, so we want to find the 95th percentile, so 0.50 - 0.05 = 0.45. Note the rest of the 0.5 is...

First check if it's a valid PDF, in this case it is since p(x) >= 0 for all x, and it integrates to 1 across the domain. Area of triangle is (20)*0.10*0.5 = 1. By inspection this distribution is symmetric around x = 0, so you can focus on the right half of the triangle and find the value of x...

Just out of curiosity is there a public source for this, or did GARP email EPPs?

It should be; otherwise it is biased downward.

They do not, unless you optionally ask them to by providing them your manager's information.

He could be in a drastically different timezone so his Jan 3 could be your Jan 2. FWIW, I submitted mine 8 minutes after results were released, and I have not received email yet. It also says pending review on GARP site. I reside in NYC.

I think there is a great deal of hyperbole out there. I do think L2 is objectively harder than L1, as it should be, but the degree gets exaggerated. The format is very different. 240 stand-alone m/c in L1 vs. 120 m/c based on 21 case studies in L2. Half the number of questions means each...

Just started this weekend and finished Quant (5-10% weight). 90% (if not 95%) was overlap of FRM 1/2 content. I suspect Derivatives & Fixed Income will have large overlap with FRM content as well. The topics that will likely take the most amount of time for me will be FRA & Equity. If you get...

Some good feedback in this thread, I'd also like to add, I like Winston Churchill's definition of success: "Success consists of going from failure to failure without loss of enthusiasm." From my own observations it seems a lot of people do not know how to study effectively and efficiently. In...

Yes, starting too look into the material now.

Yes.

If you guys pass do you plan to take L2 in June or wait till 2021?

Agree with above engagement with material matters the most. Although, you do not need read the source material page by page, I would recommend reading two sections — Part 1: -Foundations of Risk Management (Topic 1) Part 2: -Current Issues Both topics are “free” points in my opinion, and the...

You might have to email [email protected] When I submitted work experience a pop up came up and asked me for my manager's name, start date, end date, and description. Once I filled that out, and that was pretty much it and I pressed submit. The next thing it asked me for was mailing...

Just submit most relevant current work experience and date it appropriately (e.g. 2010 to 2014). Only needs to be at least 2 years and tell a story how you use risk management, no need to have multiple positions posted (unless for some reason your experience needs to span multiple jobs to meet 2...

Passed as well, and just submitted my work experience. Subscribing to BT was the best decision I made for FRM prep wise. It streamlined my review/practice and helped ensure successful pass. I will definitely be recommending BT to colleagues and acquaintances who decide to pursue FRM certification.

I actually meant multi-reply or multi-quote (i.e. quoting 2 or more individuals at once). I incorrectly thought if I pressed 'Reply' two times, once for each post I want to quote, it would clear the first quote and only remember second quote. However, it seems to stack so the functionality does...

Seems more robust and less susceptible to 'date' tricks. https://my.garp.org/resource/1577739238000/sfdcApp/js/garp.js myApp.directive("dateIsInFuture", [ "garpTime", function(garpTime) { return { require: "ngModel", link: { pre: function(scope, elem, attrs...