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LucreziaB

Member
Subscriber
How much more difficult is the exam than the GARP practice paper? It’s frustrating to hear from some that it doesn’t match the difficulty of the exam.
 

SheOlya

Member
How much more difficult is the exam than the GARP practice paper? It’s frustrating to hear from some that it doesn’t match the difficulty of the exam.
From my point of view, it matches about 70% of the exam. If you understand the concepts, you will fine. Some questions are just tricky rather than very hard. Some questions contains a LOT of not important info.
 

thanhtam92

Member
Subscriber
Is there any question related to Insurance and Pension Plan topic? I am having hard time to understand and memorize the ways to calculate these probabilities and premium payment and such? and I seriously dont wanna try to remember since there are more important topics to remember than this one.
 

LucreziaB

Member
Subscriber
Is there any question related to Insurance and Pension Plan topic? I am having hard time to understand and memorize the ways to calculate these probabilities and premium payment and such? and I seriously dont wanna try to remember since there are more important topics to remember than this one.

It’s in the syllabus so definitely fair game for the exam. No one here can tell you if it will be on Saturday’s exam. I would do both BT and GARP end of chapter questions and connect the material back to Bayes in Topic 2 Chapter 1. If you can conceptualize which probabilities are conditional vs. unconditional and why, then you won’t need to memorize. Same with the rationale behind calculating premiums...I think of earned premiums for life insurance like expected loss.
 

thanhtam92

Member
Subscriber
In general, Do you find GARP end of chapter questions are helpful for preparation? Or should I just focus on BT questions. I don’t have enough time to go through everything lol
 

SheOlya

Member
Is there any question related to Insurance and Pension Plan topic? I am having hard time to understand and memorize the ways to calculate these probabilities and premium payment and such? and I seriously dont wanna try to remember since there are more important topics to remember than this one.
On the exam it can be the case that there will no questions on this topic, but also possible there will be 2 questions.
 

vvishnupriyaa

New Member
Hello Guys !

I'm new to this forum and also to the world of quantification and statistics - I am looking to take up FRM this July and am quite lost as where to begin. Can someone guide with this? A study planner?

Also, I understand FRM needs strong quantitative skills, since I totally come from a compliance background, I almost lost - would appreciate any smallest tip to get through this.

Thankyou
 

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
Hello Guys !

I'm new to this forum and also to the world of quantification and statistics - I am looking to take up FRM this July and am quite lost as where to begin. Can someone guide with this? A study planner?

Also, I understand FRM needs strong quantitative skills, since I totally come from a compliance background, I almost lost - would appreciate any smallest tip to get through this.

Thankyou
Hello @vvishnupriyaa

Please note that I moved your post to this thread. Members in this thread have discussed their study plans, which may be of help to you. There are 13 pages of discussion in this thread, so it is a very helpful resource to new FRM candidates.
 

vvishnupriyaa

New Member
Hello Nicole

Thanks for your assistance. I started my preparation, and am quite lost with the quantitative analysis module(more precisely the formulas). I don't quite understand how some formulas are arrived at. Also, Is it necessary that I memorize each one of them?

Thank you!
 

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
Hello Nicole

Thanks for your assistance. I started my preparation, and am quite lost with the quantitative analysis module(more precisely the formulas). I don't quite understand how some formulas are arrived at. Also, Is it necessary that I memorize each one of them?

Thank you!
Hello @vvishnupriyaa

There are a number of threads in the forum that discuss formulas. You can find them by using the search function here: https://www.bionicturtle.com/forum/search/?type=post. Here is one example of a discussion: https://www.bionicturtle.com/forum/threads/formulas-and-equations.6709/. Our study materials are extremely helpful in learning all of the concepts, including the formulas. Our practice questions are written by our CEO, David Harper, and are in-depth so all of our members can learn the concepts that will be tested on the exam. The paid section of the forum is also included in our study packages. This is where every practice question has its own thread, and the formulas and concepts are discussed and explained.
 

InesGHALI

New Member
Subscriber
Hello my FRM friends,
For the ones who will attend for the FRM PART I next May, did you finish reading garp books? any tips for concentration and memorize ..
I am a little bit confused so I wanted some support from here. I am not sure I will make it for May session as there is a lot to study through books and practice questions.
Any one can help with some tips? or just share where you finished till now?

Thanks et hard luck everyone
 

Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
Hello my FRM friends,
For the ones who will attend for the FRM PART I next May, did you finish reading garp books? any tips for concentration and memorize ..
I am a little bit confused so I wanted some support from here. I am not sure I will make it for May session as there is a lot to study through books and practice questions.
Any one can help with some tips? or just share where you finished till now?

Thanks et hard luck everyone
Hello @InesGHALI

Please note that I moved your post out of our daily questions section of the forum, as that is where we post our daily practice questions. This thread has 13 pages of discussion from our members regarding their study plans and information on tips that can help you to study more efficiently.
 

DenisAmbrosov

New Member
Subscriber
Hello! I have a question about how to better handle FRM part 1. I have an exam in November. On average I have 80 hours per month for preparing. I don't know really how to deal with question. Should I , for example , read chapter 1 , then write the main things down and the most important - to solve all the question or is it better to solve just part of them and before the exam the last part. My scheme is - read the chapter, then write it down and then learn it, but I don't know how to handle question.

Moreover, I am still a student and I don't have a quite good knowledge in math, I understand not all the concepts but in general everything is quite understandable, the main problem is how to learn all the formulas because ,for example, only for distributions , there are more than 10 of them.
 

smintx

New Member
Subscriber
Hello! I have a question about how to better handle FRM part 1. I have an exam in November. On average I have 80 hours per month for preparing. I don't know really how to deal with question. Should I , for example , read chapter 1 , then write the main things down and the most important - to solve all the question or is it better to solve just part of them and before the exam the last part. My scheme is - read the chapter, then write it down and then learn it, but I don't know how to handle question.

Moreover, I am still a student and I don't have a quite good knowledge in math, I understand not all the concepts but in general everything is quite understandable, the main problem is how to learn all the formulas because ,for example, only for distributions , there are more than 10 of them.
Hi Denis,

I am preparing for July session (Part 1) and am not a math/stat guy. I began studying back in January and tried several methods. For example, I started "chapter by chapter": take one chapter, read the GARP book, then BT Study Notes, then BT Video, then BT practice notes. Then proceed with the next chapter. This is fine with a limited number of chapters, but the body of knowledge is so dense and overwhelming that if you go back to a chapter you studied 3 weeks ago, you won't remember much.

Thus I continued searching an efficient method, and think that the most efficient one for memorizing all those abstract math concepts and formulas is to follow the methodology from "Learning how to Learn" (free course on coursera.org), which means learning a little bit everyday and repeat, repeat repeat. So for example, I will start with Topic 2 "Quantitative Analysis" like that: week 1: read all 13 GARP book chapters on Quantitative Analyis, week 2: all BT Study Notes, week 3: all BT Videos and BT Practice questions. At the end of week 3, I will have a much better knowledge of, for example, chapter 1 of Quantitative Analysis than if I had studied it "all in one" during one evening three weeks ago. The same goes for formulas and their practical application.

When you have such amount of formulas to memorize, they need to be in your long term memory. You're brain will assimilate them much better if you repeat them very often than doing hard sessions on the same topic in one evening.

As I did not tried to pass the exam (4 months to go), I do not know if the method is suitable. However, I feel much more comfortable with it and I feel my efficiency has increased and that I remember better the concepts.

Hope this helps.
 

waeltabbara

New Member
Subscriber
hello everyone I'm a new user here, aiming to enroll for the November 2021 exam part 1

anybody got the most ideal way the sequence which one would tackle the study topics ? i need that info to set up a proper study plan . any tips is welcome

Thank you
 
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Nicole Seaman

Director of FRM Operations
Staff member
Subscriber
hello everyone I'm a new user here, aiming to enroll for the November 2021 exam part 1

anybody got the most ideal way the sequence which one would tackle the study topics ? i need that info to set up a proper study plan . any tips is welcome

Thank you
Hello @waeltabbara Welcome to the BT forum! I moved your post to this thread. Members in this thread have discussed their study plans, which may be of help to you. There are 13 pages of discussion in this thread, so it is a very helpful resource for new FRM candidates. We ask that you always use the search function first to see if your question has already been answered before posting a new thread. This helps to keep our forum organized for all of our members so they can easily search for answers. :)
 

Ahmad Siam Wahidi

New Member
Subscriber
Dears;

I just have started the preparation for the FRM and find Bionic Turtle as a guiding source. however now a days I completely lost my-self at the middle how to cope with confusions.

I need clarification on the below points:

1: the instructional videos are very ambiguous specifically on practical solutions. the instructor only read from the slides (same what can I do) and there is no practices and at least some steps to follow for essential formulas and mostly skimming are preferred rather than sharing of their knowledge.

2: I completed the CAPM chapter but not able to solve practical questions. If I enrolled in this course and paid a good prices therefore I have the right to receive a complete solution.

3: Apart from this course, do I need to visit each time many other resource to know about topics, formula and their practices.

Your quick response can save my time.

Regards
 

David Harper CFA FRM

David Harper CFA FRM
Staff member
Subscriber
Hi @Ahmad Siam Wahidi I think Nicole will weigh in at some point (I'm busy with content and support) but briefly two points: (i) the EOC questions are sometimes tough to give you stretch practice, this has routinely been praised about BT (ie., is a feature not a bug), and (ii) if you are really unhappy, just get a refund; it's not like we can re-record all the videos and redo the program based on your vague and sweeping input. We are always trying to improve, but we don't want you to be unhappy. In my experience, a small percentage of customers have unrealistic expectations. In regard to "I have the right to receive a complete solution": your idea of a complete solution sounds like a definition in your head, it may not exist anywhere in the FRM landscape. GARP's books are filled with errors; our primary competitor has basic questions that often mislead. Just for example, are such lazy inaccuracies and errors part of a "complete solution?" If no, then I am not aware of any "complete solutions." That's just an example. We can't be everything to everybody. What we try to do everyday is keep updating and bringing you the best practice questions etc. We don't want you unhappy, but there is only so much we can do. We are already the best and always striving to improve. Trying to answer your questions isn't very productive for me, I don't know how to answer them. The FRM is a lot of work, any way you slice it. Thank you,
 
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herojn4355

New Member
Great initiative!
I think it will be of great help to many who watch the videos and do the readings but are left scratching their heads on some key topics that can be confusing, very similar or difficult.

The PQ drive is also imperative IMO. If you can't do the problems it doesn't matter if you read all the material 3 times and memorized all the formulas, and even some important graphs. Roll-up your sleeves, get out your pen, pencil and calculator and get to work.

[Disclaimer personally I'm too lazy but] do at least some PQs after every of the, e.g. GARP recommended 20 modules. This will greatly improve your comprehension of the material and the retention.

[I do all the PQs, apart from some those I solve on the forum, after all the readings but the problem with that approach is that by the time you get through the readings, you probably won't remember a lot of what you read. More generally speaking, if your work ethic and study approach is the complete opposite of mine I think you'll have a great chance of passing
 
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