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What Do The Study Notes Include?

Our Study Notes are summaries of the readings which GARP recommends for the current FRM exam. Please notice that, strictly speaking, GARP’s readings are recommended, not required. Why? Because GARP actually tests the key concepts and knowledge areas associated with each section within the FRM.

This can be a point of confusion for some candidates who expect to succeed with memorization. The FRM does not necessarily reward memorization. Because the emphasis is on concepts and knowledge, the current set of readings will have various levels of importance; some new readings will be critical to the current exam, but some readings will offer lower relevance because their topic hasn’t really “seasoned” into the exam fully or is currently esoteric.

For example, the topic of statistics (in Quantitative methods) has contained essentially the same topics in recent years, although there have been three different texts assigned. An older text (e.g., Gujarati for statistics) is not necessarily inferior to the newer text (e.g., Miller for statistics). In this way, many of the literal details in the most recently assigned statistic text are less relevant than the same underlying concepts which tend to be more timeless. The good news here, for candidates, is that you don’t need to worry too much about memorization within the current set of recommended readings, except for the Current Issues topic. This is also why summaries can be sufficient.

Do you need our study notes in addition to GARP’s recommended readings? We think the answer depends on your current level of experience. If you have experience in financial risk (for example, if you are already comfortable with quantitative methods in general), then perhaps you do not need both. However, if much of GARP’s syllabus is unfamiliar, or if you do not arrive with quantitative aptitude, then we recommend using both the recommended (source) readings plus our Study Notes as a supplement.

Our Study Notes do not aspire to great length (i.e., many pages). They try to summarize the main points, with illustrations, as efficiently as possible. We hope you find them helpful. Please do not forget to visit the forum to discuss content in the notes, ask further questions, or to identify possible errors.

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What Your Colleagues Are Saying

I took the exam in Sydney and had a similar feeling about the exam being more qualitative (but no less rigorous). However, I felt I was better prepared thanks to the BT's relentless focus on throwing real life examples and methods.

Jagan G.

I subscribed to BT for my Part 1 FRM exam and just wanted to say thanks for the depth and breadth of the study materials and practice questions. I found out that I scored in the top quartile of every topic and I absolutely could not have done this without using BT - I spent many, many hours going over the practice questions and answers! I wanted to express my appreciation and gratitude to your team for your hard work in creating these materials. Thanks!

Shu C.

The BT scripts, practice questions, global topic drills and mock exams were a great help in understanding the concepts (which I could already apply on the job!) and where structured in such a manner that the breadth and depth where optimal for exam preparation - clearly the exam would have been a catastrophe without BT!

Ivan J.

Passed first time. Happy all the hard work paid off. BT was the right choice. Thanks David and Nicole for your work and commitment.

John D.

Passed! 1,4,1,2,1,4! Thank you David and Nicole for your efforts! Thank you BT! Couldn't have done it otherwise. I'm a mechanical engineer who had a career in petroleum services, then I decided to switch career to financial risk management. Passed part 1 from the first time with top quartiles and passed part 2 from the first time as well. All with BT! BT is always the recommendation I give to people aiming at the FRM designation! Thank you again!

Feras S.

Passed Part I and Part II first time - absolutely could not have done it without BT. Like a few others I didn't even both buying the GARP books for Part II and went solely with BT materials. Just read, answered questions, watched videos, read, more questions, and... more questions! All the practice question taking looked to pay off. Thanks again Bionic Turtle for a great curriculum. Keep up the fantastic work!

John D.

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