Aleksander Hansen
Well-Known Member
First of all, let me thank David and Suzanne for once again doing an outstanding job, tirelessly working on answering questions, writing fresh material and recording videos. All your hard work is much appreciated!
Secondly, I wish everyone the best of luck on the FRM exam!
Thirdly, here are a few tips I have found to be useful:
Secondly, I wish everyone the best of luck on the FRM exam!
Thirdly, here are a few tips I have found to be useful:
- Be at the exam site early, consider visiting it today so that you get a feel for how long it takes you to get there.
- Check that your name on your ticket is spelled exactly as it appears on your ID. Make sure you have pencils and calculator with backup batteries just in case.
- Set your calculator to display 4 significant digits
- When given the exam booklet and the clock starts, don't start working on question 1. Rather, take 3 minutes going through the booklet, marking those questions that are easiest and the least time-consuming (the low-hanging fruits)
- Answer all the low-hanging questions first, this means you will flip through your booklet so make sure you are filling in the corresponding answer box.
- Answer the most time-consuming questions last.
- If in doubt, go with your initial gut feeling. Studies have shown that in an overwhelming number of cases this is the correct answer.
- If you have not completed all the questions when there are 5 minutes left, quickly have a look at them and make an educated guess. Do not leave a single answer unmarked as you are not penalized for a wrong answer.
- This one might seem odd but I'm betting it will show up and it will take some time unless: you know the short-cut method to pricing a multi-period binomial options. Where others will spend 7 minutes, you can spend 1 minute.
- Read the question carefully! Be sure you fully understand what they are asking you to actually answer. Don't be tripped up by wording that have you thinking you're supposed to do the exact opposite of what the question asks.
- Bring a bottle of water, but to save time, eat a good meal and drink plenty of fluids before entering the examination room.
, and good luck everyone who are sitting for the exams this Saturday!
Personally, I'm not doing it for the title though - just as a refresher. Thought it would teach me some new material as well, however, I learn more new material from the journals I read to be honest. I guess GARP wants the curriculum to be "well-established" though that does run the risk of seeming a little less relevant. I can think of several topic I would include or swap out of the current curriculum.