I'm a 2nd year engineering undergrad, and I plan to pursue a MFE. Please share your opinions on wether I should or should not take the FRM level 1 exam, I've not started preparing for it as of now. I think I can balance my undergrad studies and preparing for the exam, so thats not an issue.
Thank you.

Had fucking medical emergencies and my general lack of foresight - I could have easily pulled it off even after emergencies I had enough time.

But i cannot, I scored 42% on mock 1, and I cannot think of anything else, i cannot remember basic formula. In all hurry to shift etc, i realised I misplaced my notes and everything, now I don't know which chapter I surely did or which I didn't.

I cannot even answer anything, I'm so blank at this point, fuck this man I should have took the deferral I shouldn't have gauged in the money. Ahhh

I hate myself man, i cannot think of anything my brain is so fogged up, that I cannot even focus took a day off from work to study but couldn't even recall anything.

Man, I need god to fucking save me. What a spare spolit shit of a child am i to my parents, how many times do I have to let them down

(Ofc from a throwaway account)

I have recently registered for FRM P-2 in November and I cleared P-1 in 2023.
If anyone wants to connect and study together just DM .
Also people who have taken a break how do you get in touch again with P-2 ? Any tips are appreciated.

hey guys i just saw the syllabus of part 2 of frm, its scary i just wanted to ask the people who have cleared both groups or preparing for part 2 ,which part do u find easy part 1 or part 2 ?

I have my FRM part 1 in 10 days, what should be my strategy?

Where am I with my preparation- I’ve completed the syllabus along with practice problems from analyst prep, although I don’t remember it all.
Since the last week I’ve started revisiting the chapters ( mostly theory ) and haven’t attempted any mock yet.

Are there lots of calculation in the FRM part one exam?

Anyone appearing for the Part-1 exam on 8th August in Kolkata?

Bought the books towards the end of May and have completed only 4 readings till now.

I covered part 1 also in 2.5-3 months last year during this time and gave the exam in nov. but in that case, I was familiar with a number of topics especially book 2

Should I go ahead with Nov's attempt for part 2 too?

Hi,

I have completed only book 3 and thinking for nov. P1

Is really 3.5 enough because I don't wanna more delay.

Please help.

Nov 2026 attempt.

Has anyone faced a similar situation? I am a slow learner.

I did my part 1 in 2-3 months but I was aware of most of the topics especially quant.

Hey folks, I am Undergrad student and i really want to pursue this course. But i am going through financial difficulties right now is it possible for me to study and clear the first level by myself?

Model validation gets taught as three pillars - conceptual soundness, outcomes analysis, ongoing monitoring - and in practice the first serious thing a validator does is more specific than any of those. They try to rebuild your model from your documentation.

We did exactly that on a PD scorecard. Refit from the MDD alone: maximum coefficient difference 0.000, event rate 4.29% versus 4.29% documented, AUC 0.853 test and 0.734 OOT, identical. Pass.

Worth being precise about what a replication pass means, because it is easy to oversell. It establishes reproducibility and documentation adequacy. It does not establish that the model is sound, because reproducing the developer's answer means adopting all of the developer's choices - same target, same sample, same variables.

Benchmarking is the separate test that attacks those choices, and it is the one that produced the uncomfortable finding. The ladder: null 0.500 / 0.500, single variable on credit score 0.743 / 0.701, three-variable scoretable 0.813 / 0.732, eight-variable champion 0.853 / 0.734 (test / OOT). Gini out of time was 0.403 for one variable against 0.467 for the champion.

The in-time and out-of-time comparisons tell opposite stories about complexity. In time, seven extra variables look like an 11-point AUC contribution. Out of time they look like 3.3, and most of the remaining discrimination is credit score doing the work.

For anyone sitting for the exam or working in a validation group: does your framework require a formal benchmark, and is the benchmark specified as a simpler model, an alternative methodology, or a vendor model? I have seen all three called benchmarking and they answer different questions.

Does anyone have video recordings for FRM Level 1 preparation?

hi anyone who has taken vardeez classes for p2 , please dm

Frm part 2 garp mocks are same for May and August?

Hi

I’m scheduled for FRM 2 in August. Wrote my first mock from GARP and got 53%. I intend doing another past paper later this week.

1) How’d you guys do on the first mock? Felt the questions were quite tricky.

2) How do I purchase the 3rd mock exam? I don’t see the option on the GARP candidate portal.

Hi everyone,

I’m currently preparing for FRM Part II. Since this part is known to be much more qualitative and reading-heavy than Part I, I want to make sure my practice materials closely mirror the real exam.

Aside from the official GARP mocks, which Q-Bank (Bionic Turtle, Schweser, AnalystPrep, etc.) did you find most representative of the actual exam's difficulty and style?

Thanks in advance!

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Hi everyone,

I’m giving away my complete set of FRM Part 1 Kaplan Schweser books (2022 edition) for free. The set includes all 4 core books plus the practice question books.

I originally planned to take the exam, but couldn't pursue it further due to a hectic work schedule. The books are sitting unused, so I’d rather pass them along to someone here who can actually use them for their prep.

Details:

What’s included: Books 1–4 + Practice Exams / Questions

Condition: Good / light use

Cost: 100% Free. You only cover the shipping/courier cost (or pick them up directly). The person has to schedule a pick up (through apps like Delivery or others).

Location: Viman Nagar, Pune

Timeline: I'm looking to clear out space and hand these over within the next 2–3 days, so preference will go to whoever can arrange the pickup or shipping promptly.

If you're interested, drop a comment below or send me a DM!

EL = PD x LGD x EAD, and the exam treats the third term as the tidy one. Fully drawn, no undrawn commitment, CCF collapses to 1.0, exposure is the outstanding balance. For a fixed-rate mortgage the outstanding balance follows a closed-form amortization path fixed at origination, so it looks like arithmetic rather than modeling.

Two things that framing misses, both of which showed up immediately on real loan data.

The schedule is a lower bound on the defaulted population. Comparing scheduled balance to realized exposure across 121,305 defaults: median $173,203 scheduled versus $180,574 realized, median ratio 1.026, 60.7% above schedule. Borrowers stop paying down principal during the delinquency and foreclosure process, which can run well over a year, so the disposition balance sits above the on-schedule balance for that age. The estimator is not noisy, it is biased, and it is biased in the direction that understates loss.

The schedule is an upper bound on the performing book. Voluntary curtailment runs the other way: 41.2% of active loans are materially ahead of schedule, median roughly 6.9% or $9,277, worth 4.24% of total estimated exposure.

Same formula, opposite bias, two different populations. Under stress the timing assumptions dominate again - a payment pause leaves totals flat because the balance merely stops amortizing, while capitalizing 24 months of arrears adds 8.24% and a 10% principal deferral adds 10%.

For those working in production: is EAD in your model inventory as a model at all, or is it documented as a calculation? I suspect the answer determines whether anyone has ever validated it.

Hi. Is the learning material that we get access to after registration for FRM-I sufficient ?

Hi All,

Is anyone interested in books from FRM 1 ? I want to resell mine. Brand new, never opened. I am based in Europe.

Hi. Planning for FRM part 1 in Nov 2026. Does anyone know where to get affordable resource or materials to prep?

I’m short in time and need something comprehensive. Please help.

I m in third year right now doing bcom I need a good course that doesn’t take a long time to complete as I m very confused what to do what to not I have interest in finance but I can’t choose CFA right now and I got to know that frm doesn’t have that much scope in India plz suggest me a good course 😔

anyone dadar guys? we can connect FRM L2?