abchaudh
"Demean" is a strong word. I found FRM to be really easy to pass compared to CFA. Both in terms of difficulty and time commtment required, FRM is less demanding. You may find it the other way round and I will not accuse you of "demeaning" CFA. At the end of the day, it's all subjective...
Having done both CFA and FRM, I stand by my earlier statement that CFA is much more rigorous and difficult to pass than FRM. I put in significantly more hours studying for CFA than FRM and I felt I did much better in CFA than FRM exams, yet my results in FRM has been way better than CFA. FRM is...
Based on my experience (and that of my colleagues), passing is all that matters. I have never been asked details of my scores in CFA or FRM. Most of the employers would not.
Back when I used BT as my primary source, there was not tiered membership. But you should be able to find what you need...
1. Difficulty level between FRM and CFA is about the same. But as qin pointed out, FRM is definitely easier to pass due to higher pass rate. Part 1 is more quantitative than part 2 but CFA (excluding Level III) and FRM most likely have the same quantitavite coverage.
2. Sitting for both leve I...
You may have been on top of 2233, which would be very close to 1122 so I am NOT really surprised. Even 3333 could pass if it is on top for each section. I know pass rate is > 50% so 3333 passing should not come as a surprise either... 4444 should without a doubt be a fail...
Based on my personal experience:
1. I used BT for my level I and then used GARP notes to complement it. Got all Q1's.
1. Due to time constraint, I used Schweser Notes for Level II and complemented that with BT forum. Got all Q1's.
As David pointed out, it all depends on your prior knowledge...
As that's what your profile shows, you should be entitled to use that terminology. I am not able to find a clear instruction in GARP site for usage of "FRM Holder" but that could be a good question for GARP. You wanna ask and keep all of us in the loop?:)
Actually, I mean GARP membership profile. Please go to the following link. You will notice "FRM/ERP Status: FRM Holder" in your profile.
http://www.garp.org/membership/profile.aspx
Aside from the suggestions already made to the anonymous candidate, I would like to offer up my own exam preparation technique, which is really quite simple. My observation with both CFA and FRM has been that they hardly ever test you on the very complicated topics/points. Basic understanding is...
Question 1: Without doing any calculations, I would think the difference between two means are not statistically significant mainly due to the small sample set that leads to higher t-stat.
Quesion 2: As Aleks pointed out, survivorship bias would mean that we should expect pass rate for L2 higher...
Best of luck Hend... I think you are ahead in the game already as you have all your FRM material stillf fresh in your mind. There is a lot of overlap between CFA and FRM, which is going to work on your favour...
1. I would not suggest using CFAI compiled reading material. It's way too voluminous. Schweser is sufficient to pass. Level II is the most challanging. Level I is a bit like a teaser. It's easy to pass and that's how you get trapped into 3 year ordeal.
2. CFA curriculum is very well organized...
I agree with many observation here that GARP may have lowered the bar. Seriously, I was afraid I may not have passed as I was pretty sure of getting 20 out of 80 questions wrong based on a lot of post exam discussions here. But I ended up getting all 1's. That can mean only one thing and that is...
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