To become a certified Financial Risk Manager, you have to pass the FRM examination. It is not an easy task to become an FRM. You are expected to meet a pass rate of 40% to 50%. There are over 90 sites that offer FRM exams. Below are a few things to consider for you to pass your FRM exam.
FRM registration rules allows someone to sit for FRM part 1 and FRM part 2 on the same day. However, you need to pass part 1 of the exam for you to take the second part.Any person can take FRM exams. The course is in English. An enrolment fee is paid for each exam. You should adhere to the rules and regulations. Failure to follow the rules means that you don’t get graded.
Make sure you have a reliable study guide. A study guide will give you the materials that you need to pass. You need to have a time chart that shows your exam dates and work deadlines. It is advisable you put more time in your weak areas. Don’t focus more on your strong areas. Mark this details on a calendar. Have a space that is dedicated to studying. Identify a space that has less distractions.
Also, you need to be a part of a study group. You will be able to discuss topics that are challenging. Pick a study group that does not go off-course.Also, consult those who have FRM designation. They will tell you how they made it. You should eat well and hydrate before the exam. You also need to regularly exercise to increase blood flow to the brain.
It is best to take some time off. Everybody is different. Majority of people are not able to study for extended periods. Taking time off will help you relax. You will feel rejuvenated by taking breaks. Also, a lot of practice is needed. Check the study guide thoroughly. Boost your confidence by practising potential examination questions. You will be calm when taking your exam.
Also, get enough sleep. Set an alarm for you to have enough time to rest. Carry the items you will use on the exam day like stationery, extra cash, a charged phone, identification card and FRM calculator. Go through the paper well. Mark areas that are familiar to you. Jot down the simple formulas.
Go through the questions again before answering. Begin with questions you are confident about. You will have secured good points in case time runs out.You need to give the paper your full attention. Travel and get to the examination center ahead of time. You will have enough time to relax and prepare yourself.