Hi guys,
Congratulations to all who passed FRM part 2 and got certified. Can any one of you tell me how was the exam this time? Qualitative or more quantitative? Some candidates of May 2015 part 2 exam says it was more qualitative. Only 5 questions quantitative. How was it this time? How many quantitative questions asked? I am also heading for part 2 in May 2016.
Thanks a lot
There was certainly a lot less actual
calculation than Part 1 but you still needed to know and understand the underlying mathematical relationships. For example, there were quite a few questions testing the relationships between variables:
e.g. if correlation increases would you expect a) X to decrease, Y to increase b) X to decrease, Y to decrease etc.
The short summary of what I'm saying is:
Is the exam more qualitative than Part I? Yes
Can I therefore ignore formulae and calculations? Not if you want to pass.
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