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It really depends on many factors. How much of the quant/derivatives section of CFA do you remember? Do you have natural affinity for quants/derivatives etc? Given that you are a maths/stat major and you deal with futures in your day to day job, for Part 1 , I will say between 50 - 80 hrs should...

I submitted mine the day we got the result....think it was 22nd of last month. I am sure yours will come soon.

Officially certified!!! Just received my email.

Just got the email!

Passed Part 2! 3,1,1,1,1. Thanks David & Team.

I am a CFA charterholder. Your chances are good as you would have seen during your preparations, FRM part 1 is essentially a deeper dive into what you encountered in quant topics in CFA (some new topics but I am sure most would have been familiar to you). I think there are overlaps in the...

Baffled as well but think in the end chose bank with smallest FX exposure. Could be argued it should bank with lowest duration assets

Nth to default CDS

I got this wrong probably due to laziness. Just couldn't be bothered to calculate it out. You could be right but I think question was about portfolio size and not individual VaR. To be honest I am beginning to forget the details of some of the questions.

I think the answer is if cost of deposit increases to 3%.

Since stdev is 10% each and they are uncorrelated. This implies portfolio stdev of 5.72% or thereabout. VaR = 100 = p * 5.72% * z. Solving for p = ~ 750. Since equally weighted divide by 3 ~ 248. Could be wrong but that was my solution.

Thanks!

Naturally comfort level with this things is very subjective - function of individual risk aversion? For Part 1 last year, my worst score was probably in the mid 80%. That gave me comfort that even if under exam condition I drop a bit, it should still be in the ball park of a pass and it was...

Thanks. I know from part 1 that GARP exams aren't as tough as BT's but this is my GARP Part 2 FRM practice exam score range! I guess Part 1 exam was easier given crossover knowledge from CFA but part 2...just haven't prepared as well. Forget many of the formulas and qualitative elements as soon...

I am scoring in the 60%/70% as well. I don't know which is more depressing, that I find it tougher than expected or that there are many in the same boat as me!

FRM is probably more relevant for you. CFA is very light on risk management and regulatory environment.