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Hi
I did the Level 1 exam today and thought that I would know the result immediately. Instead, at the end of the exam a letter was sent to the reception which basically said that it will take 15 business days for the result to appear “in the PRMIA mail system”. What is the PRMIA mail system? Is this something that I can access through the PRMIA account? Or do they just mean that they will send me an email? Has anyone else experienced this before?
Many Thanks
swmiResults are published every Thursday at PRMIA.org website (PRM members area). Don’t worry, You’ll get a e-mail.
Hi AndreevM
Thanks for the reply. I got my result yesterday evening. I passed with 77% score. Do you know if this is good or just average? I am wondering whether I should add the score to my CV or not.
Anyway, Level 2 on 8th June and haven’t even started studying yet!!!
Regards
swmiI think that scores don’t play any important role. However, there is special nomination:
http://prmia.org/index.php?page=exam&option=trainingCandAwards&yr=2011congrats swami on your achievement, how was the difficulty level of the questions?
It wasn’t too difficult. Mostly mathematical but there were some trick questions. For example, if I say is eurodollar bond a US denominated bond sold in Europe, true or false? It is true because that bond in Europe would be called a Eurodollar bond but it is false because the Eurodollar can be sold anywhere outside US and is not limited to Europe.
This is where you need to use your judgement.
Also RingFence, I answered your bond duration question. Did that make sense? Do you agree with the approach?
Yes that makes perfect sense, thanks for the solution.I have gone through the PRM handbook , also practised riskprep sample questions, do you will that will be sufficient.Did you refer any material other than PRM handbook?
I read some topics from Options and Futures by Hull. It is a must read if you are interested in Quant Finance. I am going to spend more time reading it once all the PRM levels are over. My biggest gripe with PRM is the quality of the handbook.
well to me this sounds false as eurodollar are international bonds, For eg an AUstralian company issuing bonds in sterling which are sold in US.
Eurodollar bonds are not restricted only to US and Europe.your views?
Congrats.. just wanted to asked if you used any other books aside from the Prm handbook and Hull, Again how helpful was the riskprep questions(About to buy it) please let me know and any suggestions you might have. I am currently studying for level 1 and will likely take the exam next month.
ThanksHi Ngozie
The risk prep material is definitely useful. The issue is that the handbooks are very sparse and in order to answer the exam questions you need to go through some worked examples and get into the habit of answering exam style questions. I also bought the $50 PRMIA question bank and that was useful too. For exam 2, I am comfortable that the $20 risk prep subscription should be enough because I have a maths background already. And for exam 3, I will buy both – kesdee papers for $50 and risk prep for $20.
Hope this helps
swmiThanks so much swmi for your response.
Hi swmi,
Do u hv soft copy of question ????
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