[Frm Part 1 Schweser Notes Pdf
Addison Mauldin
How important is it to buy the practice questions/mock exams as well? Is it enough to do the questions/examples presented within the notes? Is it OK to do recent past year practice/mock questions (from 2015 + 2016)?
Generally, I just need some idea on the scope of what I should be focusing on to comfortably ace the paper. I am prepared to put in 300+ hours (roughly two hours a day from July 1 till Nov 18, possibly with more hours on weekends).
Would really, really appreciate some pointers. There is a huge ocean ahead of me, I just need to know where to focus. Once I get that settled, I can prepare for the paper with a clearer frame of mind.
2 from schweser and 1 from GARP should be enough provided you understand the material very well . I passed in my second attempt by just practicing 2 mocks and for my first practiced 5 mocks but still failed so better to underdtand the material and practice .
As its your first time i would suggest try to complete Quants first then FMP ,VaR and finally do the Foundations . Why foundations in last becaused its very small can be completed soon as you would already gained momentum .Initially if you start with foundation you might take more than required time to complete the book and may get less time for FMP and VaR .
Yeah when I looked at past year sample papers and some from the GARP official site before I signed up, there was always one question on Bayesian analysis, definitely gonna master it to get one confirmed mark.
There are people who have cleared only with shweser but most of them will say BT is the only prep provided which matches the difficulty level of the exam , even i felt the same on my first attempt . Past papers and shweser end to end with no loose ends should sail you through.
In my experience you should be practicing as many mocks and questions you can find. Schweser provides good quality questions, really challenging and up in line to the curriculum. I also use prepsmarter since they have wide variety of questions (I guess more than schweser). I have not tried Bionic because I saw some bad reviews on facebook about them many times so I bought GARP material and prepsmarter package and got schweser notes from a friend for reference.
For those that have taken both CFA and FRM, would you say that pursuing the FRM designation is worth the time and effort? I know that CFA is geared more towards asset management while FRM is geared more towards risk management but is having both redundant? Would having FRM give you the edge in banking?
L1 should be doable, with much Fixed Income and Derivatives already covered in CFA L2 and L3, but more depth on Quant topics which were covered very superficially in CFA. For L2 I expect less overlap, therefore less advantage for Charterholders, and generally higher difficulty.
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