Backwardation
Member
Hi everybody,
I'm going to do the Part I exam in May and have some questions regarding my study plan:
My background: I have a Bachelor and Master Degree in Banking and Finance and covered a lot of the FRM Syllabus (especially Financial Instruments and Risk Management) during the last 5 years of my studies. I had to learn big parts of Hull and Jorion for my BA and MA - degree and we had a lot of lectures like market risk, credit risk, operational risk, fixed income, options and so on.
During the past week I have done all available practice exams provided by GARP (2010, 2011, 2012, 2013). Without any specific preparation, I reached a score of 60%-70% doing it the first time. Interestingly, I performed pretty bad for the 2010 questions, reaching only 55% correct answers. (.. hoping that the exams are much like EWMA and Garch with exponentially decreasing weights of the practice exams xD)
This is my starting point for the next 2.5 months. I would see myself as an expert with respect to financial instruments (especially options, greeks, fixed income, hedging, duration etc.) and market risk concepts such as VaR. I'm also quite familiar with basic Portfolio Theory concepts such as CAPM.
Topics which will be in my focus during the next weeks are basic statistic concepts and probability theory, especially topics on hypothesis testing, regression analysis, basic probability theory, different distributions. So basically the questions on quantitative analysis.
Would you rather recommend the GARP literature on those topics or other notes such as BT, Schweser? Or would you focus on the questions of the practice exams and read literature covering those questions?
Do you have any further recommendations knowing my educational background or do you need any further information for advices?
Thank you in advance for all comments!
I'm going to do the Part I exam in May and have some questions regarding my study plan:
My background: I have a Bachelor and Master Degree in Banking and Finance and covered a lot of the FRM Syllabus (especially Financial Instruments and Risk Management) during the last 5 years of my studies. I had to learn big parts of Hull and Jorion for my BA and MA - degree and we had a lot of lectures like market risk, credit risk, operational risk, fixed income, options and so on.
During the past week I have done all available practice exams provided by GARP (2010, 2011, 2012, 2013). Without any specific preparation, I reached a score of 60%-70% doing it the first time. Interestingly, I performed pretty bad for the 2010 questions, reaching only 55% correct answers. (.. hoping that the exams are much like EWMA and Garch with exponentially decreasing weights of the practice exams xD)
This is my starting point for the next 2.5 months. I would see myself as an expert with respect to financial instruments (especially options, greeks, fixed income, hedging, duration etc.) and market risk concepts such as VaR. I'm also quite familiar with basic Portfolio Theory concepts such as CAPM.
Topics which will be in my focus during the next weeks are basic statistic concepts and probability theory, especially topics on hypothesis testing, regression analysis, basic probability theory, different distributions. So basically the questions on quantitative analysis.
Would you rather recommend the GARP literature on those topics or other notes such as BT, Schweser? Or would you focus on the questions of the practice exams and read literature covering those questions?
Do you have any further recommendations knowing my educational background or do you need any further information for advices?
Thank you in advance for all comments!