Tips to Get You Ready for the Financial Risk Manager Exam, FRM Exams
If you have made up mind to be a certified Financial Risk Manager, Certified FRM, this is nothing but a highly commendable move. This designation that is offered by the Global Association of Risk Professionals, GARP, is one that is going to set you apart in the global marketplace and will have you ready and fit to join the career industry as any of the positions mentioned; credit risk manager, market risk manager, regulatory risk manager and operational risk manager or some other related position.
Having said this, one thing that you however need to note is that for you to earn this designation, a certified financial risk manager, FRM, you must take the Financial Risk Manager exams which will come in two parts, Part 1 and Part 2. Either part of these exams are taken in the months of May and November. The two will come as multiple choice format exam. Their costs as well vary depending on where you take your registrations from for the exams.
Looking at the pass rates for those who took the exams in the past years, the pass rates stand at about 45% for the Part 1 and 56% for Part 2 papers. Thereforre in case you are planning to take the FRM exams and want to have a good chance at passing and having your certification as an FRM, read on and see some of the top tips for preparing and taking the Financial Risk Manager Exam here under given.
First and foremost, you will need to be as familiar with the FRM exam topics. Check this page for more information on how these exams, both Part 1 and 2, come in format and weighting.
To ensure such adequate preparation, you need to make sure that you are at least having a basic idea of what it is that is included in these topics.
The other important thing that you need to ensure that you have done as you look at the need to ensure sufficient readiness for the FRM Exam is to set off as early in time as you can on the studies for the exams. As a matter of fact, the FRM Exams call for lots of stufy hours and for both parts you need a minimum of 200 hours on the very least.
Practice for the exam and this is where in the final weeks to the exams, you make use of such resources as the FRMQuestionbank.