HOW TO SYUDY FOR FRM 2008 !!

- some comments Compilation of comments made my people appeared/appearing for FRM.

1.
1)start with JC Hull, then Gujrati
2)then go on to FRM handbook 4th edition
3)core readings

2.
FRM requires more knowledge of Quant than of Finance.
One may have good knowledge on Derivatives mechanism, Bonds etc but FRM tests you on how to price that bond, valuation, Pricing and stuff. One has to primarily refer to the FRM 2008 AIMS, find the learning objectives - then combinely study Schweser, Handbook, Core Readings. etc Study with a purpose and that AIMS all about. If one doesnt have Schweser or Core Readings this point of time, one should atleast try combining readings with 4th Edition Handbook.

3.
Basic Econometrics - Gujarati book or Essential Econometrics - Gujarati Book Basic Econometrics primarily consists of theory while Essential Econometrics consists of Numericals. Theres also a solution manual to the Essential Econometrics book. As far as debate regarding gujarati is going on then i would like to say that basic econometrics will be no substitute for essential econometrics as the topics given in AIM statements are not covered in desired way in basic econometrics, it just mentions these topics in appendix in a very light way and assumes u people are familiar with the topics and just need a brush up before starting with hardcore econometrics stuff. hence i think essential econometrics is very different from basic ecomtrics. also i should mention that it is basic econometrics that is more comon in market hence if u go to buy from market dont forget to stress on ESSENTIAL econometrics. hope this ends confusion regarding gujarati. but i also have my own set of problems and hope shyam and other will try to solve it.

4. Its better to concentrate on these 3 modules first, in the sequence
1] Quant Risk
2] Market Risk
3] Credit Risk
The remaining 2 modules are mostly theoretical with Case studies, Its better to do them last.

You can go to www.garp.com/frmexam and see historical passing rates and other information on the exam. Also GARP does not release the individual FRM Exam scores, as per the FRM Guidelines at www.garp.com/frmexam/guidelines.asp which state "Test results are given on a Pass/Fail basis only". Additionally, the registrant agreement which you will sign before taking the exam states "I further understand that the specific results of my examination will not be released to me for review after completion of the examination and I will receive only a Pass or Fail notification." Passing scores are determined as a ratio of the absolute score to the average of the top 5% of passers. You are not penalized for a wrong answer. The test results analysis that will be provided to you will allow you to see how you did compared to others that took the exam.