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  1. R

    Still waiting for 2013 FRM Part 2 core readings from GARP

    Thanks a lot for the information!
  2. R

    Still waiting for 2013 FRM Part 2 core readings from GARP

    Hi RiskNoob, I pre-ordered the Part II books and was very disappointed in the $100 printing fee. It's quite ridiculous really. I may delay taking the exam until November because of the delay in the release of the material. I'm enthusiastic about the content of the FRM program but it very...
  3. R

    Still waiting for 2013 FRM Part 2 core readings from GARP

    This is highly disappointing. I've been checking GARP's web site daily (including earlier today) since the beginning of the year and I thought they would be available any day now since it was stated they would be available in "early January". I guess I have no choice but to start working with...
  4. R

    Preparation for May 2013 Part 2 Exam

    Hi David, Suzanne, I want to commence studying for Part 2 as soon as possible and I'm currently planning my approach. I've downloaded the Study Guide, Exam Preparation Handbook and Exam Study Guide Changes from GARP and it appears there are quite a few changes in the Part 2 curriculum for...
  5. R

    Frustrated with my FRM degree

    While I'm not familiar with the specific details of GCC bank regulations (I'm in the U.S. and am more familiar with US, European and Brazilian regulatory issues), I fully agree with pgk that there are many opportunities in the risk space that involve database management skills. If you're not...
  6. R

    Frustrated with my FRM degree

    Hi Hend, You need to be "tech-y" but not necessarily be "technical". What I mean is that you don't need to know how to write code in, say, Java or C++ (that's what the develoeprs do, not the risk person) but it would be helpful, not required, to have a basic understanding of programming...
  7. R

    I think this statement/claim is incorrect but I need confirmations

    Hi sleepybird, You are absolutely correct: the value of the call and put can and will be different unless the underlying spot price is at-the-money (i.e. F=K and call/put delta = +50/-50). If the underlying spot price is not ATM then the absolute value of the deltas of the call and put will...
  8. R

    Studying for Part 2 and Career Benefits of FRM Program

    Thank you very much, Hend. This is good to know. I still plan to study as hard as I possibly can and plan though. :)
  9. R

    Frustrated with my FRM degree

    Hi Hend, Have you considered the financial software industry? There are many interesting opportunities in companies like Mysis, Calypso, Murex, Sophis, Bloomberg, OpenLink, Reuters, etc. Some of those companies have offices in the Middle East and all of them have offices in the U.S. and...
  10. R

    Frustrated with my FRM degree

    FAS 157. This accounting standard is related to the fair (i.e. a credit-adjusted) price one receives when unwinding (i.e. exiting) a trade.
  11. R

    Studying for Part 2 and Career Benefits of FRM Program

    Hi David, I’m back for the second and final round of the FRM exam. I wound up taking a significant amount of time off (2+ weeks) from work in preparation for Part 1 (May 2012) and have decided that I do not want to sacrifice any vacation time in 2013 for part 2. With that in mind, I’ll take...
  12. R

    FRM Level 2 for 2013

    The Handbook questions are generally too easy but, as you mentioned, they are good for a refresher of the material. That's why I will will primarily focus on BT practice questions for part II. I did well on part I but I feel like I cheated myself by using third-party summary notes. In...
  13. R

    FRM Level 2 for 2013

    Hi Echoy, I also passed in May 2012 using Scwheser as my primary source for reading material but was very dissatisfied with their material (I used FRM Handbook and Schweser for practice questions -- with less emphasis on Bionic Turtle practice questions -- but found the BT questions in...
  14. R

    Passed Part 1

    I passed, David! I scored 1, 2, 1, 1! I'm thrilled!
  15. R

    FRM May2012 L1 exam feedback

    Hi David, While I appreciate your modesty, I will state it more directly: the single most important service you provide to your Bionic Turtle FRM subscribers are the difficult practice questions. There’s no other way to say it: your practice questions are the only study material I’ve...
  16. R

    FRM May2012 L1 exam feedback

    I agree, Rick. I would even go so far as to say the first 30 or so questions were the most difficult (though there were probably a few "gimme's" sprinkled in there) and that flustered me a bit. That's where I had to do most of my random-guessing. I don't remember the specific question you're...
  17. R

    FRM May2012 L1 exam feedback

    The last 10 or so questions were definitely low-hanging fruit, which is unfortunate for those who didn't manage to get that far and were forced to blindly guess. I wonder if GARP strategically placed the easier questions toward the end so people wouldn't get to them (conspiracy theory, I know...
  18. R

    FRM May2012 L1 exam feedback

    Hend, I absolutely agree that the GARP practice exams are nothing like the real thing. Tom (above) mentioned that he thought the practice exam questions were 10% as difficult as the real thing and, while that may be somewhat of an exaggeration, I don't think he's too far off in the spirit of...
  19. R

    FRM May2012 L1 exam feedback

    Hend, I was under the impression that the Handbook questions were directly from past exams. The Handbook questions mention "FRM 2008 question #87" rather than just "FRM 2008 question". The fact that it states a specific question number lead me to believe it's from the actual exam. The 2010...
  20. R

    FRM May2012 L1 exam feedback

    Aleksander, Blame your facility, not GARP. The testing facility where I sat for the exam was frigid! When you say "I felt the exam was not that difficult", what do you mean? It was not that difficult in relation to what? The actual exam questions were considerably more difficult than the...
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