Exam Key Success Factor?

shadEs

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Okay,
we have 3 books, power point presentations, 1000 sample questions for practice, old FRM exams, and many many formulas to remember.
What is the key success factor for the exam?
There is 29 days left to take the exam, and I am just really lost on what to focus on! I’ve been already studying a lot, but I am not confident that I remember any of the formulas!
What should I focus on? I still have about 100 pages to read from the last book to complete my chapter understanding…
Also, do they provide any formulas in the exam?
 
The #1 KSF is the quantity and quality of practice questions you work. Read/review/view videos are all fine and helpful, but these aren’t as “sticky” as working questions and using questions to prepare. As the exam nears, I recommend shift to practice questions mostly or entirely.
The statistical (historical) bias in L1 FRM leans toward the John Hull chapters: Mastery of Hull chapters, almost by itself, put you in strong position; ergo, work practice question based on Hull assignments. For 2012 L1, I would suggest the following top priorities (not comprehensive, just top of list)
* Hull’s derivatives
* Tuckman’s bonds
* Jorion’s VaR and related
* Quantitative methods (inference, regression), but don’t get too bogged down in new Stock/Watson details; quantitative is lately over-assigned. Better to master the basics of inference and regression.
* CAPM and capm-based metrics (e.g., Treynor, Sharpe)
I hope that helps,
David Harper
 
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