I am US-based. However, I have worked for global consulting firms. They value FRM a lot. In fact, in one role, they required it, the job involved modeling and hedging derivatives. FRM was perfect.
At another job I had, it was in model governance. The requirement was either you have a PhD...
Got a call from a recruiter in Europe. theyre looking for Solvency II consultants with actuarial and /or FRM background (I am an actuary and an FRM). It looks like Solvency II (Basel II equivalent for insurance) is creating jobs for risk professionals there.
I checked FRM's most recent...
Congratulations to all who passed. Please encourage your colleagues to pursue the FRM.
Don't be discouraged if you didnt pass. It simply means you "underestimated" the difficulty of the exam.
FRM is becoming very popular globally. It is indeed the gold standard designation in risk...
Congratulations to all new FRMs. Please encourage your co-workers to take the FRM exams. It's truly the gold standard in risk mgmt. Definitely it's popularity has grown exponentially and will continue to do so. I believe this year is GARP's 20th yr of existence. We might be close to getting 50k...
Estimate of the raw cutoff scores:
This is just my estimate.
These are the parameters. Pass rate for Pt 1=45%, for Pt , 55%.
GARP, in the past, had mentioned in its website (not sure if still valid) , that they take the top 5% and base t h e cutoff mark on that score.
On a 100-qn test...
Estimate of the raw cutoff scores:
This is just my estimate.
These are the parameters. Pass rate for Pt 1=45%, for Pt , 55%.
GARP, in the past, had mentioned in its website (not sure if still valid) , that they take the top 5% and base t h e cutoff mark on that score.
On a 100-qn test...
Reasons why i think Pt. 2 exam has higher pass rate that Pt. 1:
1. First, the exam takers for Pt. 2 have already passed Pt. 1, so they've been "filtered" and screened.
2. Pt 2 has less questions (80 vs 100). This gives the candidates more time per question.
3. There are more repeat takers. To...
It all depends .... There is a big difference between charters/designations (FRM, CFA, CAIA, etc) vs licenses (ASA/FSA/MAAA, CPA, etc)
There are jobs in insurance (actuarial) that require the attainment of ASA/MAAA at a minimum. Likewise, there are accounting jobs that require the CPA. Why...
It seems like most of the comments about the FRM exam are that it is too hard, that questions involve multi-steps and multi-topics, the practice questions are easier, it is getting tougher, etc.
Well, risk management is inherently complex. The problems we're dealing with are much harder than...
My feeling is GARP simply provides the topics and reading materials. They do not want to "spoon feed" the candidates. It is up to the candidates to master the material on their own. I think that is the appropriate approach.
Like what I mentioned, if a "professional exam" simply recycles test...
In defense of GARP, I like the idea of not simply "recycling " questions from old exams. If most of the questions are simply a rehash of old ones, the test becomes "stale", too easy and loses its value.
Candidates who just took the test may find the questions too difficult and tricky simply...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.