Search results

Honestly, to maintain the prestige of the designation, GARP should consider at least lowering the lv2 pass rate.

Not identical. A lot of the questions discussed here weren't on my exam.

Ditto.

You must be genius. Wow… six 1s…

1,1,1,1,2,1

I agree. I think FRM2 is poorly written and unnecessarily ambiguous. It feels harder than CFA1 only because of its incredible ambiguity. I do think CFA questions are much clearer and better spread across topics, although the questions in my opinion are easier. I think GARP writes more...

Currently studying lv2. As I took FRM first I found CFA2 having much overlap with FRM. While I think it's indeed deeper than CFA1, It's less broad and more focused. The depth is pretty manageable for people who have seriously studied and passed FRM or people with STEM background. I am not...

By the way when I took FRM1 I didn't score 1111 despite the same effort I put into CFA1. But for CFA1 I was easily above 90 percentile (more like 95+). So that should speak of the difference on candidate pool. I wouldn't compare FRM pass rate directly to CFA for reasons stated above.

I took CFA1 when the pass rate suddenly dropped to 25% from above 40% in the past. I can testify that the exam questions were at least a notch easier than official curriculum EOC questions. 90% of the questions were like jokes compared to FRM1. As long as you study, in my opinion it is fairly...

I think GARP gave this question on different exams but switched the order of the answers... I remember the only answer below 1mm was option A but it sounds like some papers put it as option B.

I didn't even get the right answer after rescaling It by sqrt(252). Do You remember what's the letter answer for that? Maybe it's the end of the exam and I got too anxious to solve such an easy question...

While I think the materials was very quant in nature especially in credit risk, market risk and Basel Accord, the test was highly qualitative and ambiguous… I was very well prepared for complex multiple step calcs but I felt 90% of the test was qualitative and difficult to choose between two...

Is it just me or did anyone else feel there was no correct answer for the lognormal VaR question? I thought it was a super easy question but after calculating it twice none of the choices came close.

Hi Nicole, I am taking Nov Chicago exam. However, there seems to be an EMERGENCY CHICAGO TRAVEL ORDER that would force non-IL state candidates to quarantine in Chicago for 14 days! I am from MO, and if I travel to Chicago for the exam, I'll have to stay for 14 days there and risk losing my job...