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Exam Preparation during COVID– Part 1

Estimated reading time: 2 minutes

 

Introduction

Would you like to have a thriving career in finance? What can be done to secure success, even in the face of a pandemic?

Read on to get a few ideas…

 

Learn everything in risk

There is no one left on their own. Although GARP’s course is a self-learning one, the association provides various detailed guides and a well-curated syllabus for all candidates. Stick to it faithfully.

There are just 4 segments in Level 1. These include Foundations of Risk Management and Quantitative Analysis, each weighted at 20%, and Financial Markets & Products and finally Valuation and Risk Models, each weighted at 30%.

Level 2 has 6 segments: Market Risk Analysis, Credit Risk Management, and Operational Risk and Resiliency, each of these weighted at 20%. Investment Management and Risk management, Treasury Risk Management, and Current Affairs are the other topics each fetching 15%.

For overall success, try to deep-learn each of the segments and master the quantitative formulas.

 

Create enough time for study

Time seems to be the most available thing during this health crisis, so make the most of it. Read as much as you can, mixing both the official study notes and third-party materials.

A significant cause of failure among FRM candidates is last-minute preparation. Escape this by setting enough time for your studies.

You should have at least 300 hours scheduled for FRM preparation—anything less than that reduces your chances of success.

 

Study systematically

Mastery of text concepts and an ability to apply them in real life are the key ingredients of success. Start by laying out the topics you need to study and allot objectives and specific time frames.

This is your study plan—don’t veer from it for the entire duration of your candidacy.

 

Create a strategy

Apart from planning your time, study goals, and topics, you need a strategy for covering the materials. Exam questions require candidates think outside of the box.

No one is born with the capacity to think outside the box, but this is a capability that you can acquire and sharpen by reading religiously.

Question banks and prep courses are great to turn to when you need to strengthen your intellectual agility, speed, and efficiency.

Mock exams build confidence and accustom you to exam lingo, while third-party notes expand your way of thinking regarding the concepts.

 

In closing

These are a few of our tips to help with your preparation efforts. We will be back with part 2, but, in the mean time please try the following links for more help:

 

Success is near,

The QuestionBank Family