Preparation of FRM

Discussion in 'About FRM' started by hossam taher, May 3, 2012.

  1. hossam taher

    hossam taher New Member

    I'm new in risk management field (Market Risk) & my question is what basics i need to know before going through the FRM study notes or the study notes are enough to pass the FRM Exam ,thanks
  2. Dmitrij

    Dmitrij Member

    What's your background in mathematics/econometrics/statistics/finance? Any previous knowledge? Hard to say without knowing more.
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  3. Aleksander Hansen

    Aleksander Hansen Well-Known Member

    If you can go through the study notes without difficulty, it should imply that you know the maths/stats well enough for the purpose of the exam.
    Obviously, the more extensive knowledge you have, the easier it will be.
    In my opinion you can probably get by with just algebra. It would be beneficial to know calculus at a basic level at least though as some material does involve derivatives and integrals, limits etc; and it would help you comprehend even those things that can be solved using just algebra (but can be solved with calculus as well) better.
    Exposure to statistics or econometrics is beneficial but in my opinion not critical as you are not asked to derive anything, and the notes explain what you need to know. Reading the chapters on probability, stats and regression is probably a good idea though.
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  4. hossam taher

    hossam taher New Member

    sorry for not contacting since long time ,but regarding my question & your kind answers i have some basics knowledge of algebra you mentioned , statistics , finance but with no prior knowledge of econometrics so could i go through the study notes now or not , also should i read the core reading for frm after finishing the study notes or not
    thanks for your help
  5. Suzanne Evans

    Suzanne Evans Administrator

    Hi Hossam,

    In reference to "Do you need to read the readings?" See here: http://www.bionicturtle.com/faqs/category/frm-product#do-i-need-the-handbook-and-readings

    If you are planning to prepare for the FRM, than yes I would recommend that you begin viewing the study notes.

    Thanks,
    Suzanne
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  6. hossam taher

    hossam taher New Member

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