PRM exam

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guest101

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Hi,

Is anyone writing the PRM exam? I plan to write in Dec. For those who already wrote and passed, could you share how the exam was (in difficutly etc.). Thanks in advance
 
I'm also planning to write the PRM. But not all at once. The Math and Financial Markets sections probably in February if I pass CFA LI in December.
 
I am planning to write them together...call me crazy.

What study material are u using? I have the PRM handbook but might supplement it with questions from passpro
 
I'm only using the PRM handbook. I didn't know that there were other study material available.
 
http://prmia.org/INDEX/buyonline-PRM.php

I took exams 3 and 4 a while back (when they still used jorion), and used e-prm from kesdee.com which you can access via the link above.
It's an online training course evidently operated out of bangalore india by an indian subsidiary of a US company
 
There is also passpro which sells prep courses.
I think I will probably buy the primia tests before the exam
 
I just passed Exam II. I found it relatively easy, to be honest. Two hours for 24 questions, and the questions were quite easy.

Preparation for the exam took me about three months since I have been out of school for a while so I had to refresh some concepts. I used PRMIA texts (they are not bad) and then Schaum's outlines for stats, probability and lin. algebra and calculus.

I did buy the kesdee prep courses and they are useless. A waste of money. Totally. Can't be clearer about that.

I am currently studying for Exam III. I have enrolled in a PRMIA prep course at U of T since I find the material interesting, so I want to supplement the self-study with class interaction, and an opportunity to ask questions.

============================================
Science in a nutshell: Still confused, but on a deeper level ;)
 
FourCastles Wrote:

> I did buy the kesdee prep courses and they are
> useless. A waste of money. Totally. Can't be
> clearer about that.

it was enough for me to pass using just that and nothing else, but that was before
they brought out the PRM handbook.
What was annoying was that whoever wrote the kesdee material couldn't speak
English that well (see the post above, they're produced in India).


> I am currently studying for Exam III. I have
> enrolled in a PRMIA prep course at U of T since I
> find the material interesting, so I want to
> supplement the self-study with class interaction,
> and an opportunity to ask questions.

Probably a good course but as I said in a different thread:

The fees strike me as excessive:
12 evenings of 3 hours each for $3600, or $100 an hour
Not to mention, I'm already a PRM
 
I am planning on sittin for Exam I in Jan, how was that in terms of difficulty. Thr PRM handbook certainly doesnt give you many questions in order to test your knowledge of the material..any advice on this front?
 
I can think of two things. First, the CFA Level I covers somewhat similar ground (markets and asset valuation), so maybe the Schweser or Stella mock exams might be useful. The other approach, if you are in Canada, is to take the Derivatives Fundamentals Course at the CSI. The DFC comes with a solid set of exercises as part of course materials. CSI offers also the Financial Risk Management course but I don't remember if that one comes with as many exercises.

============================================
Science in a nutshell: Still confused, but on a deeper level ;)
 
Guest, I find the course a bit too expensive as well. The thing is, though, I am trying to break into risk management after some years in software development, so much of the studying I am doing is self-study. So far, I've passed all of my courses bit I feel it will be a nice change to be able to ask questions and have some interaction in the study.

About the kesdee courses. I found Schaum's to be much cheaper and containing many more problems, and that's what I needed after years away from the university. For CFA now, I plan to spend most of my time over the mock exams from Schweser or Stella. I find doing the math is actually more interesting than reading about it.
 
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