20 19 FRM exam content:
The 20 19 FRM test is divided into two levels, namely, FRM level 1, four subjects and FRM level 2, five subjects. FRM exams are all multiple-choice questions, and the test time is four hours. There are *** 100 questions in FRM level 1 and ***80 questions in FRM level 2. The main examination subjects of FRM Level 1 and Level 2 are:
FRM level 1, four families:
1. Risk management basis (20%)
2. Quantitative analysis Quantitative analysis (20%)
3. Financial markets and products Financial markets and products (30%)
4. Valuation and risk model Valuation and risk model (30%). If you have any questions about the FRM exam, I will consult you.
FRM level 2, five families:
1. Market risk measurement and management (25%)
2. Credit risk measurement and management (25%)
3. Operation and integrated risk management Operation and integrated risk management (25%)
4. Risk management and investment management Investment risk management (15%)
5. Current Problems in Financial Markets Financial Market Theme (10%)
Note: FRM test questions are randomly scattered in the test paper, and there is no order.
The above are the main subjects of FRM examination, among which the main contents of FRM level 1 and 4 subjects are:
1, risk management foundation (accounting for about 20%), introduction of risk management foundation, discussion of various portfolio management theories (key points), elaboration of various risk management cases in financial markets and professional ethics issued by GARP Association.
2. Quantitative analysis (about 20%) is the basic knowledge of probability theory and statistics, which mainly introduces the measurement tools of risk management. Many formulas need to be memorized and can be deduced by themselves.
3. Financial markets and financial products (accounting for about 30%) are investigated in many ways, mainly futures and derivatives. There are many calculation problems in this course, which is also the focus of FRM level 1 exam.
4. Valuation and risk modeling (about 30%) are related to the second level of FRM, and all the contents related to bonds are introduced. The FRM level 1 exam will involve many multiple-choice questions.
FRM level 2 exam content:
1, Market Risk Management and Measurement (about 25%) mainly examines the practical application of VaR, and the examination content will involve the FRM level, but it is much deeper than the first level.
2. Credit risk management and measurement (about 25%) mainly focus on credit risk analysis, measurement and statistics of default risk, credit risk derivatives and structured products.
3. Operation and overall risk management (about 25%), including knowledge such as Basel Accord. The overall knowledge of this subject is relatively wide, and the knowledge of operational risks is mostly scattered, which requires extensive memory of knowledge points. In general, the Basel Accord will account for 10%, and the rest will be 15%.
4. The difficulty of investment risk management (about 15%) mainly lies in the previous calculation, so we must push all the solutions ourselves.
5. The topic of financial market (about 10%) changes every year.