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FAQ Before Exam Study Plan Guide

Nicole Seaman

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Thread starter #61
Hi David This was my 1st attempt and i got second quartile in 3 topics (Foundations of Risk Management, Quantitative Analysis, Valuation and Risk Models) and fourth quartile in 1 topic Financial Markets and Products. Please let me know what should i do to pass the exam in May 2018
Hello @a_ishrat1973

Please note that I moved your question here, where other members have discussed their study plans. There are many tips here that have helped new and returning members in passing the exam.

Thank you,

Nicole
 
#62
Hi All,

Addressing this question to FRM candidates.

I am just curious about your study method:

When answering practice questions do you generally use resources, notes, formulas or do you try to solve it from your memory without referencing the study materials ?

cheers
 
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#64
Hi David
I will be reappearing this May and have about 100 hours. My November score is 3433 (4 in QUANTITATIVE ). I am looking for a study plan that would help me pass. I have no background in finance and have little exposure that I got through the finance courses in my MBA.

What I did for - Nov 2017 Exam
I spent 3 months , 5-6 hours daily for this one. I started with the BT notes but without a strategy or plan, ended up spending a lot of time in the Foundations reading trying to understand the basics. After the 1st month I started looking at more resources because BT notes seemed to be difficult to understand. I tried the free BT videos on YouTube but based on the few videos I saw, I felt that they were presentation rather than explanation of concepts and thus equally difficult to grab the concepts (I would guess it was because i never read the core readings). I found FINTREE videos really helpful and got them from a friend which is what I used for the next 2 months. I watched the videos, with the aim of understanding the concept and then read the material (I also started using SCHWESER notes instead) and used BT mainly for the questions. I remember I was just trying to get through the questions instead of really finding where I lacked and trying to work on it. The material was just too much and I felt that going through all the material was more important.

Looking forward to suggestions from David and other test takers.

Thanks in advance.

Sumeet
 
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Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #65
Hi David
I will be reappearing this May and have about 100 hours. My November score is 3433 (4 in QUANTITATIVE ). I am looking for a study plan that would help me pass. I have no background in finance and have little exposure that I got through the finance courses in my MBA.

What I did for - Nov 2017 Exam
I spent 3 months , 5-6 hours daily for this one. I started with the BT notes but without a strategy or plan, ended up spending a lot of time in the Foundations reading trying to understand the basics. After the 1st month I started looking at more resources. I tried the free BT videos on YouTube but felt that they were more presentation of concepts then explanations. I found FINTREE videos really helpful and got them from a friend which is what I used for the next 2 months. I watched the videos, with the aim of understanding the concept and then read the material (I also started using SCHWESER notes instead) and used BT mainly for the questions. I remember I was just trying to get through the questions instead of really finding where I lacked and trying to work on it. The material was just too much and I felt that going through all the material was more important.

Looking forward to suggestions from David and other test takers.

Thanks in advance.

Sumeet
@Sumeet. Mehta

Please note that I moved your question here, where many of our members have provided their study plans and tips for passing the FRM exam. I hope this is helpful!

Thank you,

Nicole
 
#66
Hi, I have some questions about how to use study materials.

1. What is the relationship between the Instructional videos and Study notes? Is it sufficient just watching the videos?

2. Is there any order to start with? Is there any chapter being a prerequisite for other chapters (need first to have the knowledge in order to understand)?

3. There are 2 exams each year, when do you start to update, and when do you finish the update? Is material used in Nov exam the same as May exam?

Other question: if candidate is not allowed to bring their own paper, where could one draft for those calculation and quantitative problems?

Thank you!
 
#67
Hi @Passer-by

quick reply. I think there are already tons of great threads/discussions here in the forum to guide you how to tackle the exam.

1. No, study notes are way more important. Videos are just there to back up things up and make topics which are more tedious or more difficult to grasp easier to comprehend/track.

2. No order to start with. But it is fair to say that the topics with the most weight should of course be prioritized.

3. The curriculum change made by GARP from year to year has no big bearing on David's material. In other words, even if GARP makes some changes here and there the currently available material will let you pass the exam even in 2019. Of course, you should look at the new chapters added by GARP but it is not necessary to wait until David comes up with his set of questions. Most changes to the curriculum are rather qualitative in nature (qualitative readings). To sum up, all the training material available here in the forum allows you pass with flying colours.

4. There is plenty of space in the official exam paper to makes notes, do calculations etc.
 

Nicole Seaman

Chief Admin Officer
Staff member
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Thread starter #68
Hi, I have some questions about how to use study materials.

1. What is the relationship between the Instructional videos and Study notes? Is it sufficient just watching the videos?

2. Is there any order to start with? Is there any chapter being a prerequisite for other chapters (need first to have the knowledge in order to understand)?

3. There are 2 exams each year, when do you start to update, and when do you finish the update? Is material used in Nov exam the same as May exam?

Other question: if candidate is not allowed to bring their own paper, where could one draft for those calculation and quantitative problems?

Thank you!
Hello @Passer-by

I moved your question to this thread, where many of our members have shared their study plans and tips on studying for the exam. This should help you to create your own study plan. Our materials are organized in the order of the GARP curriculum, and we follow the learning objectives to ensure that you are studying relevant content. Both our study notes and instructional videos follow the learning objectives, but many people find that David's explanations in the instructional videos are very helpful in understanding the concepts more in depth. Some members choose to study the notes first and then watch the instructional video, while others watch the videos and then go through the study notes or question sets. It is up to you to decide which order works best for you as an individual.

GARP does not change the curriculum between the May and November exam. They only change the curriculum once each year in January. We begin to update the study planner in January, and we continue to update the materials right up until the November exam.

You may find this FAQ page helpful also: https://www.bionicturtle.com/bt-faq/getting-started-purchased-materials/.

Thank you,

Nicole
 
#69
Thanks for your reply! I have another question, so what are the differences between the updated videos and 2017 videos for those learning objectives haven't actually changed for 2018? Is it ok to watch the old ones before the updates are released? Thank you!
 
#70
Hi @Passer-by

as I have already explained many times in the forum: there is literally NO EXPIRATION DATE for David's videos incl. notes/forum comments etc.. This also holds true for let's say 98% of all topics in financial risk management.

As an FRM you are expected to know all topics inside out.

David makes continuous changes/amendments (always aiming to improve the learning experience) to his notes/videos so you are well advised to study everything to be well prepared.
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #71
Thanks for your reply! I have another question, so what are the differences between the updated videos and 2017 videos for those learning objectives haven't actually changed for 2018? Is it ok to watch the old ones before the updates are released? Thank you!
Hello @Passer-by

We've left the older videos published in the study planner, as they contain very relevant content. You will notice that the older videos were published before 2017, so you will find that some of those videos may contain learning objectives that have been removed from the curriculum, or that some of them do not include learning objectives that have been added to the curriculum. We will continue updating the videos for the remainder of the year, but until those are published, you can study from the materials that are currently published.

Thank you,

Nicole
 
#72
Hi Nicole,

I can see most of the review videos (and questions) are related to material from the 2012 FRM exam. Is there a summary of the list of changes between the 2012 curriculum and exam and the 2018 one? It would be very helpful. Thanks!

Regards,
Tom


Hello @Passer-by

We've left the older videos published in the study planner, as they contain very relevant content. You will notice that the older videos were published before 2017, so you will find that some of those videos may contain learning objectives that have been removed from the curriculum, or that some of them do not include learning objectives that have been added to the curriculum. We will continue updating the videos for the remainder of the year, but until those are published, you can study from the materials that are currently published.

Thank you,

Nicole
 

Nicole Seaman

Chief Admin Officer
Staff member
Subscriber
Thread starter #73
Hi Nicole,

I can see most of the review videos (and questions) are related to material from the 2012 FRM exam. Is there a summary of the list of changes between the 2012 curriculum and exam and the 2018 one? It would be very helpful. Thanks!

Regards,
Tom
Hello @Karenly

Yes we provide a curriculum analysis xls here, which compares each year since 2012: https://www.bionicturtle.com/forum/threads/2017-2018-curriculum-change-analysis-spreadsheet.13307/. Our focus review videos are from 2012 but many of the concepts are still relevant for the current exam. Our practice question sets study notes, and instructional videos are all updated for 2018 for the most part.

Thank you
Nicole
 
#74
Hi Nicole,

Thanks. A couple more questions, are there only 7 instructional videos (not 8) for the FRM II? In addition, can you advise why there is no Global Topic Drill or instructional video for the Current Issues in Financial Markets. Thanks.




Hello @Karenly

Yes we provide a curriculum analysis xls here, which compares each year since 2012: https://www.bionicturtle.com/forum/threads/2017-2018-curriculum-change-analysis-spreadsheet.13307/. Our focus review videos are from 2012 but many of the concepts are still relevant for the current exam. Our practice question sets study notes, and instructional videos are all updated for 2018 for the most part.

Thank you
Nicole
 

David Harper CFA FRM

David Harper CFA FRM
Staff member
Subscriber
#75
Hi Karen, Yes only 7 (pretty sure we've posted that above somewhere). Current Issues swaps out entirely each year (e.g., too fast for GARP to write any PQ themselves). I wrote the set T9.800 to .807 to give coverage. IMO, there's no utility is GTD or video unless/until GARP adds some stability to Current Issues. Related, we are submitting massive feedback to Committee/Trustess this week that includes my recommendation that Current Issues "slow down" so that GARP and EPPs can achieve some mastery. In the meantime, we have no substantive prospective clarity on CI (again, not a single practice exam question has been written for the frenetically swapping CI). So I'm just not keen to waste our limited resources. GTD makes no sense to me at all, given I already wrote detailed reading-by-reading questions. I hope that answers your question.
 
#76
Hi David,

Thanks for your reply. How should candidates best prepare for the Current Issues section?




Hi Karen, Yes only 7 (pretty sure we've posted that above somewhere). Current Issues swaps out entirely each year (e.g., too fast for GARP to write any PQ themselves). I wrote the set T9.800 to .807 to give coverage. IMO, there's no utility is GTD or video unless/until GARP adds some stability to Current Issues. Related, we are submitting massive feedback to Committee/Trustess this week that includes my recommendation that Current Issues "slow down" so that GARP and EPPs can achieve some mastery. In the meantime, we have no substantive prospective clarity on CI (again, not a single practice exam question has been written for the frenetically swapping CI). So I'm just not keen to waste our limited resources. GTD makes no sense to me at all, given I already wrote detailed reading-by-reading questions. I hope that answers your question.
 

David Harper CFA FRM

David Harper CFA FRM
Staff member
Subscriber
#77
@Karenly We have the same Study Guide and LOs that you do. I definitely wish we knew more (I've asked GARP for what I call "prospective clarity"). GARP has never really written any T9.CI PQs. I did spent a lot of time on our questions that I wrote for CI: they are my best effort to give CI careful coverage. So I think (I hope) that the readings + our questions should be good prep!
 

Flashback

Active Member
#78
I have started in February preparing for both, P1 and P2 in November. Thus far, have read all Schweser books for the first time, made the notes and currently I'm finishing my first round through BT Qs for P1 and P2 with revision (a bit more than 700 of them). My overall score is about 48 %, median exact 50 %, with lowest about of 42 % in Quants and highest of 58 % in OpRisk management. I'm struggling with many questions.
Someone said that BT is, given difficulty level, a notch or two above the real exam. Thus, should I aim about 65 % score in BT to be ready? Thoughts? Tank.
 

Flashback

Active Member
#79
I just wanted to know if such low score normal at first round and what is the other's experience? Today I finished all and last two chapters, Invest management and Current issues improved my overall score a bit.
 

Karim_B

Active Member
Subscriber
#80
I just wanted to know if such low score normal at first round and what is the other's experience? Today I finished all and last two chapters, Invest management and Current issues improved my overall score a bit.
Hi @Flashback
Doing both parts in 1 day is impressive, so given the amount of material you've been through and how fast you've done it, I wouldn't be worried about low scores this early in the game since you have 6 months to keep practicing.

Check out this thread which is related to practice exam scores & actual exam results. From this post down there are some tips you might find useful:
https://www.bionicturtle.com/forum/...and-actual-exam-result.7650/page-5#post-59939

Just out of curiosity, why did you opt to take both parts together?
Thanks
Karim
 
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