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FRM ® Exam Part I Mock Test Series

INTRODUCTION


Passing the FRM ® Exam Part I has become ever more competitive today. With pass rates going down every year, it is imperative to not only strengthen your concepts, but also understand where you stand in your preparation with respect to your peers. Practice is the key to success on the FRM ® exam.
Finstructor Mock Test Series is designed to complement your curricular preparation with an exhaustive series of practice questions and mock tests. Each test has been painstakingly designed to be a notch higher in difficulty than the real exam. Scores across the world are compiled to give you the right of frame of reference with respect to your peers.
Finstructor is an authorized training provider with the Global Association of Risk ProfessionalsTM. Our question banks and test series are updated every year to be consistent with the most recent curriculum prescribed by the Global Association of Risk Professional ®.
Click here to see our listing on the GARP ® Website.
Please email us at [email protected] or call us on +919920920670 for any queries and to receive a sample problem set with solutions.

FORMAT


  • Candidate will receive a preparation kit consisting of over 1000 exam quality questions with detailed solutions on his/her email id within 3 days of enrollment in the test series
  • Candidate will be required to report to the test center 15 minutes prior to the start of the tests. Timings and schedule of all tests are mentioned below.
  • Candidate will be emailed the mock test along with an answer sheet every Saturday according to the schedule provided in case he/she is unable to make it to the center on a particular day
  • Detailed explanations and answers to the test will be emailed the following day
  • Scores of all candidates from the classroom coaching, contact mock test series and online mock test series will be compiled.
  • Each candidate will be emailed a consolidated scorecard to help him gauge his performance vis-à-vis others.
  • Don't worry if you're reading this a little late, all previously conducted mock tests along with their explanations and relative scores will be emailed to you

SCHEDULE


FRM ® Exam Part I
DateNo. of QuestionsTime AllowedTopic
Sunday 23rd September 201840-602 hours Financial Markets & Products
Sunday 30th September 201840-602 hours Valuation & Risk Models
Sunday 7th October 201840-602 hours Quantitative Analysis
Sunday 14th October 201840-602 hours Foundations of Risk Management
Sunday 21st October 20181004 hours Full Length Test
Sunday 28th October 20181004 hours Full Length Test
Sunday 4th November 20181004 hours Full Length Test
Saturday 17th November 2018EXAM DAY

TIMINGS


DateTopic Level Test (Sunday)Full Length Test (Sunday)
Timings10:30 A.M to 12:30 P.M.
Or
1:30 P.M. to 3:30 P.M.
9:00 A.M. to 1:00 P.M.

Candidates need to report at the center 15 minutes prior to the start of the test. Frm Level 1 Study Material
All tests are conducted at:

VENUE

Dr. Antonio da Silva High School.
S K Bole Marg, near Kabutar Khana,
Dadar West, Mumbai - 400 028
(The location is right outside Dadar station)

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FEES

Fees for FRM ® Exam Part I Mock Test Series is Rs 5,900 inclusive of all Question Banks, 4 topic level tests, 3 full length tests and all applicable taxes. Individual tests can be taken for a price of Rs 1000 each.
You have the option to club the Mock Test Series with our FRM ® Exam Part I crash course to be held on 30th April & 1st May from 9 A.M. to 9:30 P.M for a total cost of Rs 8,000.
Click here to Enroll for the Mock Test Series for FRM Part I.
Note: Mock Test Series is included in the Classroom Coaching Program for all levels

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BENEFITS

Benefits of Enrolling in the Finstructor FRM ® Exam Part I Mock Test Series

  • Access to exclusive exam quality question bank of over 1000 questions with detailed solutions
  • 4 topic level tests to strengthen and concretize subject wise knowledge
  • 3 Full length Tests that simulate actual exam environment
  • Mock Test Schedule carefully designed to track your performance and preparation
  • Best gauge of your preparation vis-à-vis peers
  • All tests are conducted at a very convenient location, right outside Dadar Station
  • Our instructors will be available on email and over the phone to handle all your conceptual doubts regarding any part of the curriculum
  • All tests are conducted at multiple timings on Saturdays
  • Practice is the key to success on the FRM ® exam
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Finstructor follows CFA Institute Prep Provider Guidelines
Click here to see our listing on the CFA Institute Website

FRM ® Exam Prep Provider of GARP ®
Click here to see our listing

The questions on the FRM exam are fairly application-based, which means that a thorough understanding of the concepts is quite essential. Ultimately, the quality of preparation would be determined by the number of hours spent, more so on the focus given on practice questions.

In order to pass the FRM exam with surety, you need to have a clear preparation strategy tailored specifically for you. The following points should help you formulate yours:

Knowing your personal short-term goals

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Typically, it is believed that the FRM exam requires more than 300 hours of preparation. But this number would vary person-to-person depending on the familiarity one has with the topics covered and their grasping speed. There are about 60 readings in the FRM Part 1 and 101 in the FRM Part 2 exam.

Naturally, some readings would require more time than others. For both the exams, you would want to leave the last 20 days of your preparation for revision (since the FRM syllabus is fairly vast, there is a lot of information that you must be thorough with on the day of your exam).

You can divide the total number of readings by the number of days you have left after deducting the 20 days for revision. This would give you the number of chapters that you need to do per day.

For most people, it is not possible to study 7 days a week. This is more common for those who’re writing the exam alongside their routine job. They can make a fair estimate of the number of readings they need to do per day based on the ‘true’ number of days that they can devote to studying per week.

Choice of study material

Once you have the ‘number’ of topics that you need to complete on a per-day or a per-week basis, you need to decide on the study resources that you plan on using. There are numerous resources available on the internet – but studying from too many sources would only confuse you more. The most famous preparation providers for the FRM exam include:

  • GARP Readings – GARP readings are obviously are the most thorough resource for studying for the exam. However, because of its extensive nature and complex language used, the institute material is not preferred by most – owing to the constraints on the time available for preparation.
  • Bionic Turtle – This is a favorite resource for many and one of the most famous preparation providers for the exam. It is believed to have the biggest question bank. The level of questions in the Bionic Turtle is a tad bit above the level of questions asked in the exam. Therefore, a complete practice of these questions would help you easily answer most questions that you would encounter in the exam.
  • Kaplan Schweser – One of the most famous FRM preparation providers, Kaplan is widely known for the simplicity with which all the concepts are being explained in the notes. Studying from the Schweser notes would be much easier than most other sources. However, the level of questions you would come across in their question banks may not be sufficient to clear the exam with surety. The questions in the actual exams are a bit tougher.

My Take – Study the concepts from the notes given by Schweser so as to have a good grasp of the concepts. However, to increase the chances of clearing the exam, it is highly advisable to practice the questions from the question banks provided by Bionic Turtle.

Video Classes and Lectures

Depending on your personal preference, some of you may feel more comfortable to have a classroom experience when studying for the exam. There are numerous preparation providers for the FRM. You can find out the trainer that suits you the best. Some of the most popular FRM preparation providers include:

  • The WallStreet School – The Wallstreet School is an approved Prep Provider of GARP. The course covers HD Videos, Summarized notes, question banks and Mock tests. Their uniqueness lies in the fact that they also inculcate practical knowledge in the course since the trainers themselves are Risk Managers in renowned companies such as HSBC and Blackrock.
  • Kaplan – Kaplan is another approved Prep provider of GARP. It delivers the course in both Recorded and Instructor Led Live format. Their Prep course also include Multiple quizzes and tests. You can retain the access to their material if you fail in the FRM exam, till the time you clear it.
  • Wiley – Wiley gives the access to the study material till the time you clear the exam, even if it’s a repeat attempt. Apart from videos and notes, the course comes with an adaptive test planner which will help you make a blueprint of your preparation strategy. Their concepts are covered using bit sized videos which makes them easy to grasp.

How to study?

It is very important to have a comprehensive understanding of most, if not all of the readings in order to pass the exam.

A common problem while preparing is that there are a lot of topics that are interrelated. This could be a problem for those uninitiated. The key here is to not bother too much if there is a term that you come across in one of the chapters that you do not completely understand.

It is quite likely that it would be covered extensively in the subsequent chapters. You uncheck all your doubts while you’re revising, as, at that point, you will not have a problem in understanding certain portions of some chapters that are somewhat interrelated.

Another habit that will go a long way while preparing, specifically towards the time when you’re nearing the date of the exam is making your own summarized notes after you are done studying a chapter. This is essentially important as you will not find time to study each and everything again in the last 20 days that you have earmarked for revision.

Therefore, it shall help if you have kept out a few sheets that contain all the formulas and a few important concepts in your own handwriting and symbolisms (a mind map, if you will) that helps you recall that topic in the shortest span of time possible.

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How to practice?

A common mistake that candidates make is leaving practice for later. The level of questions to be practiced is fairly complex and they also supplement your overall understanding of the chapter. This is because the questions are often in the form of situations wherein you may apply something that you have studied.

It is therefore recommended that the practice for one chapter is done right after studying it. In the event that the time is available, one should also try to solve the questions more than once.

GARP also releases a sample paper approximately a month before the exam. Solving this paper should give you a fair idea about the overall level of paper and the type of questions being asked in the exam.

Since the curriculum keeps experiencing changes year after year, it is possible that many questions in the past year question papers do not fall within the ambit of the syllabus relevant for you. This would be more for older years’ papers.

Bottom Line

With a majority of FRM candidates being working professionals, it becomes difficult to stick to a study-routine every day. It is however important to accomplish your short-term goals at least on a weekly basis. There can be numerous permutations as to which days of the week you could to spend in watching videos, and on which days you can study from the book and solve questions.

But the ultimate key to clear the exam lies in being consistent in reaching your short-term goals and making your own notes (in any from) so that they help you recall the chapters quickly during the last days of revision.

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