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What should be the order of reading books for FRM level 1 ?

ShaktiRathore

Well-Known Member
Subscriber
#2
hi
follow the order as you are quant guy start with quantitative analysis once u pick up the confidence then go to foundations as these both shall cover all basics of risk and shall help and augment your further topic areas,now u can go to valuation and risk models is a topic with models and math shall be of interest to you and finally go to Financial markets and products in which you shall study about financial products and markets.
Thanks
 
#3
hi
follow the order as you are quant guy start with quantitative analysis once u pick up the confidence then go to foundations as these both shall cover all basics of risk and shall help and augment your further topic areas,now u can go to valuation and risk models is a topic with models and math shall be of interest to you and finally go to Financial markets and products in which you shall study about financial products and markets.
Thanks
Hey if someone is bad in quant then how difficult it is to clear FRM
 

ShaktiRathore

Well-Known Member
Subscriber
#4
Hey if someone is bad in quant then how difficult it is to clear FRM
It depends how much bad you are in quant,if you can solve basic equations and know basic addition,multiplication math then clearing FRM should be no problem with you. You should be good in basic algebra,arithmetic and i think apart from some exceptional topics where you should know advanced math everything (99%)is basic math. Even if you are not so strong in quant then you need to put some hard work to grasp quant topics. I think there should be no problem with qualitative portion of FRM which occupies sizeable potion of syllabus,for quant portion just know your basic math.
Thanks
 
#5
Hey hi thanks a lot to reply me so tell me one thing if i can take care of other things exceptionally well n math on an average basis then will there be a scope to clear it out and being a dumb in maths how much time one needs to devote on maths although i saw two topics of statistics on youtube for FRM n i understood both but its just that i dont get confidence level in maths as i got in finance and apart from that can you tell me what sort of job prospectus is there for mba finance (distance learning) with skills in financial modeling, SAS, SQL, Predictive modeling after getting frm level 1 am i going in right way
Thanks
 

ShaktiRathore

Well-Known Member
Subscriber
#6
Hey hi thanks a lot to reply me so tell me one thing if i can take care of other things exceptionally well n math on an average basis then will there be a scope to clear it out and being a dumb in maths how much time one needs to devote on maths although i saw two topics of statistics on youtube for FRM n i understood both but its just that i dont get confidence level in maths as i got in finance and apart from that can you tell me what sort of job prospectus is there for mba finance (distance learning) with skills in financial modeling, SAS, SQL, Predictive modeling after getting frm level 1 am i going in right way
Thanks
To boost your confidence in maths: you can try these books https://www.bionicturtle.com/forum/threads/supplementary-beginner-maths-book-for-frm.3476/#post-9423
I think you should spend as much time as possible to improve your math.
thanks
 
#7
Quantitative analysis is so much important. Without a strong quantitive understanding, it’s almost impossible to understand other papers. I agree with @ShaktiRathore It depends how much bad you are in quant if you can solve basic equations and know basic addition,multiplication math then clearing FRM should be no problem. :cool:
 

theproman23

New Member
Subscriber
#8
I personally recommend reading the Financial Products book before the Valuation book. Some of the concepts in the Valuation book use concepts that are described in a very simple manner in the Financial Products book so I think it's useful to read and understand that book first.

Having said that, I'm not a big fan of the GARP books as it's an aggregation of chapters from multiple books so I didn't find the flow to be all that great, concepts introduced in one book are used across the other books and vice versa.

I'm on my last week of studying for Part 1, sitting for it on Sat May 21st, and am find a ton more benefit reading through the BT study materials and working through the sample questions then through the reading itself, but that doesn't mean you shouldn't read the books either. If you're weak on the quant side, I'd highly recommend working through the BT sample questions after each chapter before moving on.
 
#9
The GARP books are a great resource in my opinion. I come from little finance background and strictly quantitative education. I find the books sort of introduce the concepts well, I wrote 'introduce' as I had to do a lot of my own research and digging on financial topics, without BT notes I'd be lost. Having access to a great number of resources whether online or at a library that helps a lot ..

My challenge was financial markets ... so I think you'd need to do the same with quant analysis section. dont skip anything, if you dont understand and/or keep getting the questions wrong, pause and make sure you do. Having no quant background shouldn't be an obstacle as what is required is not 'impossible' to do. You just need the time and putting the work in. It comes down to dedication really.

Your true test is solving questions and having the correct answers. I hope this helps.
 
#10
I personally recommend reading the Financial Products book before the Valuation book. Some of the concepts in the Valuation book use concepts that are described in a very simple manner in the Financial Products book so I think it's useful to read and understand that book first.

Having said that, I'm not a big fan of the GARP books as it's an aggregation of chapters from multiple books so I didn't find the flow to be all that great, concepts introduced in one book are used across the other books and vice versa.

I'm on my last week of studying for Part 1, sitting for it on Sat May 21st, and am find a ton more benefit reading through the BT study materials and working through the sample questions then through the reading itself, but that doesn't mean you shouldn't read the books either. If you're weak on the quant side, I'd highly recommend working through the BT sample questions after each chapter before moving on.
Good luck next week , yes I agree Financial Products before Valuation!!
 
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