Search results

Got mine approved today - 15 mins after sending an email inquiring about the status of my resubmission

Email from GARP: "Whenever a work experience is resubmitted, it is considered a new submission and is placed in the queue based on the latest date of submission." Sweet! - exactly what I expected. The human on the phone had the same message.

Let me know if yours gets rejected too. I’ll let you know what I hear once I get a human on the line on Monday. I’m beyond mad . Sorry for venting.

I did try to call. Turns out they leave early on summer Fridays. Got their vm after multiple tries. It’s around 1pm in their NJ HQ, they are already gone. I’ll try again on Monday. I feel so disgusted right now. This spoils my whole weekend. At least now I know which org I definitely don’t want...

What did you guys enter as the experience END date? I couldn't submit with 'present or current'. So I just put a future date. Now its been denied. Ridiculous! I have to resubmit. I just resubmitted with today's date as the experience end date. Hopefully they won't put me back to the end of the line.

I have been so extremely frustrated with the whole process that I don't want to do anything else with GARP in the future.

I sent them an email yesterday. Got a vanilla reply that its still being reviewed and that the process takes 8-10 weeks. Submitted mine on the 11th.

I took Part 1 and Part 2 on back to back days. Part I: 1,1,1,1 Part II: 3,2,3,1,1,2 Thank you David and Nicole :)

David, is it correct to say that while RAROC adjusts returns for only non-systemic/firm-specific risk (by deducting the expected loss), ARAROC adjusts for both systemic and non-systemic risk (by also deducting the equity beta)? Thank you!

Has anyone been able to find the 3 Mark Carey ORR assigned readings (from the GARP Risk Institute) online? A search does not bring up anything. Is my understanding correct that the content covered in those readings is exactly what is in Hull Chapters 15 & 16? Thank you!

I believe this is an error (can someone please confirm?) Reading: Rose & Hudgins Chapter 7 Page: Top lines of page 26 Error: The 4 words with a strike out in these lines should read the opposite. Essentially, if the leverage duration gap is positive, then a parallel change in all interest...

Reading: Ang, Illiquid Assets (Chapter 13). Page 16 In the third equation, the coefficient on the lagged observed return is missing a theta in the numerator.

Quick question - I did not find the notes study notes related to P2.T8 Choudhry on the study planner. Are those posted somewhere else? Thank you.

@Nicole Seaman This might be a silly question, but is there any difference between P1 and L1 in the question names? Is it just a name change from 'Part' to 'Level'? In other words, are both P1 and L1 questions relevant for part 1 prep? Thanks!

Thank you David. You're right! I was indeed thinking about distribution of a univariate sample mean. Makes sense that for the regression's slope coefficient, the variance would embed the sigma^2/n term but also include the variance of the explanatory variable.

Hi David, the solution to this problem says that for a test with size alpha, the probability of including a single irrelevant regressor is 1-alpa. Shouldn't this probability be alpha instead, which is basically the probability of making a Type 1 error (reject a true null is equivalent to...

Hi David, Equation 7.11 in the 2020 GARP Book 2 says that per the CLT, the estimate of the slope coefficient (beta_hat) follows a normal distribution with mean centered around the true slope and the variance = sigma^2/[n*sigma_x^2]. If this is true, then why do we assume the variance of beta_hat...

Thank you! Super helpful. And good luck.

Thank you...that's exactly my issue with the way the time series chapters are dealt with. Seems a lot of memorizing.

Thank you to all those who took the exam this weekend and remembered some of the stuff. Good luck to you all! Were there any questions on exotic options? And in statistics, did they test on time series and on the less common distributions (other than binomial, passion, uniform and normal)? Seems...