As we all know, FRM has now been converted into a two level exam being conducted in Level 1 and Level 2. The level 1 consists of the basic fundamentals of Risk Assessment and Level 2 consists of Advanced Risk Management.
Many of the appearing candidates are interested in clearing the FRM levels and be able to use the FRM title as soon as possible for the obvious advantages it provides. Well to those candidates who have the courage and mettle to write both the FRM levels on the same day and the stamina to concentrate for long. I have a good news. Now you can write both FRM Level 1 and Level 2 on the same day(i.e. either of the two days in the year when GARP conducts FRM). So you can now write FRM Level 1 in the morning slot and then write FRM Level 2 on the same day in the afternoon slot. With this arrive the obvious worries about what happens if I clear one part and do not clear the other one.
Though nothing specifically mentioned, my best guess is that, if you are not able to clear a particular level of the exam, you can apply for a re-examination of that level. For instance, If you fail in FRM Level 2 and clear FRM Level 1, you will reapply for just the Level 2. And if you fail FRM Level 1 but clear FRM Level 2, you will have to just reapply for FRM Level 1 and not Level 2.
To me, this is a fast forward track for smart individuals who want to use their FRM titles as soon as possible. But be careful about the exam because it will be a bit hectic and tough to concentrate for long hours on tough problem.
Cheers,
Gaurav Parashar
Tuesday, March 2, 2010
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