Exam Feedback May 2024 Part 2 Exam Feedback

[Nicole Seaman]

We hope that everyone did well on the FRM Part 2 exam! We would love to hear your feedback about your exam experience.

• How did it go?
• Did you encounter unexpected questions?
• Which topics were tested?
• Did you find it difficult?

Please also fill out the poll at the top of this post. We appreciate you taking the time to provide your feedback.

Note: This is ONLY for the Part 2 Exam. Part 1 Exam Feedback can be discussed HERE.

 

[filippo91]

I found the actual exam to be slightly more difficult than Part 1. In particular, I believe actual exam questions to be way closer to GARP practice exam questions than BT practice questions. Quantitative exercises were on average difficult and very close in spirit to GARP mock exam questions. Qualitative questions required some deep thinking before answering. The BT material allows each member to reach solid preparation that helps to reason in the actual exam context. I suggest enhancing the material on the Merton model since it has been widely tested in the actual exam with difficult questions. Some parts were not published by BT but tested in the actual exam (e.g. readings from the Current Issues module). Some fine-tuning would benefit members for the August and November exams.

 

[MYagh7652]

The exam went alright. It had more quantitative questions than I anticipated. I had to redo one question multiple times to get it right, which caused me to run short on time. I think I'll pass, but I'm not 100% sure.
Many of the qualitative questions were tricky and not straightforward, although I have some confidence that I got them right. However, given how tricky they were, I can't be certain..

 

[FMazz9652]

I found the actual exam more or less in line with the GARP Mock Exams, probably 1 or 2 notches more difficult. Around 70% qualitative and 30% quantitative questions. Honestly, compared to Part I I felt that BT this time was not very well organized in dealing with the curriculum changes. I do understand that the changes were quite significant this time, but I find unfair that all the study material hasn’t been published before the May session (missing 3 readings of the current issues part). In addition, the update was slow and very segmented, making even more difficult to study. Overall, I think that the preparation was enough, but I had to put much more effort compared to Part I given the lack of proper guidance from BT.

 

[filippo91]

Exam passed with 111111! Thanks to BT, and good luck to all current and future candidates!

 

[mbbx5va2]

Hi how do you know what the cut off threshold was for the exam? I got good, good, fair, fair, poor, poor so overall fail. I'm assuming quartile 4 means poor. In that case i got 4,4,2,2,3,3=18

 

[TOBEM7966]

The exam was more quantitative than expected, but BT materials were helpful in solving most of the questions. BT should update the current issue and the Credit Risk book promptly.

Thank you to BT team especially @Clay Carter and @Nicole Seaman .

I passed 121212.

 

[RR35390]

I passed! I only used BT materials.

Thank you so much for the materials provided.

 

[Dominik Hosefelder]

I read the official books and used BT instructional videos and the new practice question tool which is a really, really nice addition and I wish it would have been avaiable earlier. I passed 111111 (same strategy for Part 1 and also 1111).
However, the material should be updated, especially the current topics.

There was one question that I found particularly odd. We were asked to calculate the Altman Z score and the question was set up in a way where you would need to know all ratios by heart to solve the question. I honestly do not know why you would quiz this and even less in the way it was done. Altman Z score should not be a relevant part of the curriculum imo

 

[Nicole Seaman]

Congratulations to all those who passed! To those who didn't, try again, and don't give up! If you could take a minute to fill out the exam results poll that I posted in the forum, it would be really helpful to us. Thanks so much!

Exam Feedback - May 2024 Exam Results - Part 1 and Part 2

GARP has released the May 2024 FRM exam results. We would appreciate it if you could take the time to reply to this post and the poll at the top. Congratulations to all who passed, and to those who did not, don't give up!! :)

forum.bionicturtle.com

 

[avrasal]

I read the official books and used BT instructional videos and the new practice question tool which is a really, really nice addition and I wish it would have been avaiable earlier. I passed 111111 (same strategy for Part 1 and also 1111).
However, the material should be updated, especially the current topics.

There was one question that I found particularly odd. We were asked to calculate the Altman Z score and the question was set up in a way where you would need to know all ratios by heart to solve the question. I honestly do not know why you would quiz this and even less in the way it was done. Altman Z score should not be a relevant part of the curriculum imo

Hi Dominik - Did you read every chapter from the garp textbooks? They seem very lenghty. Curious to get your take on it and long long did you study for.