Feedback on exams

[Anonymous]

Hi All,

I have just written the PRM 3 exam and thought I’d share my experience thus far.

I wrote exams 1,4 and 2 last year and passed all on the first attempt. I found that exam 3 is the trickiest/hardest and most amount of content to cover, followed by exam 2,1 and 4.

For all exams I used Kesdees and Risk prep to prepare and I can definitely say that they both helped for exam 1,2 and 4. Exam 3 was really more dependent on knowing the handbooks really well… i dont think anyone will be ready for the type of questions asked… i am not convinced I passed.

Exam 1,2 and 4 consists of 24 questions for 2 hours and exam 3 is 60 questions for 3hours.

I have 10 years of experience in banking, 5.5 years of which has been in Market risk. I found the course work extremely beneficial and would definitely recommend it to anyone in the risk field.

[Anonymous]

Thank you so much on your advice especially on Exam 3

[Anonymous]

So did you passed? How did it go?

[Anonymous]

Thanks for your feedback. It’s interesting how much your background actually determines which Exam you are likely to find easy. I am in the ERM space and I studied Actuarial Science as my undergraduate degree so naturally Exam 2 was the easiest followed by Exam 4 and then Exam 3. I am struggling with Exam 1 like you cannot believe. I don’t necessarily find the material hard but somehow I managed to get my worst mark for PRM with this Exam…that really bothered me. I used the practice Exams but was still not able to clear. I even had to blame my preggy brain to rationalise my bad mark…lol.

Anyway, writing again in Sept and hoping that I clear it this time. I only have until December to clear so fingers crossed.

[Anonymous]

any advice on part 3 exam ???

[Anonymous]

Yes I passed

[Anonymous]

No the content of the text books really well. It’s tested in a strange way.

Just to share, My exam had an error in one question, they referred to a formula above but there was no formula given. I’m emailed PRMIA and I’m not sure if I was given the mark but I passed!

[Anonymous]

Hi.. how was the part 3 exam ? any advise how to prepare for the part 3 exam ??

[Anonymous]

I had that exact same question! I emailed them also but haven’t heard. Thankfully I still passed.

[Anonymous]

I am struggling with exam 1 . Seems like you to know more that what is in the text. Can’t get my simulations above 50%!!! Writing on the 1st for the second time and don’t have much hope.

[Anonymous]

Exam 3 – how much of the calculator did you have to use would you say , or was it most conceptual .Thanks .

[Anonymous]

I only had to use it once. The exam is not very mathematical.

[Anonymous]

Gave part3 exam. Questions were quite unpredictable
really need to go through the book extensively with each line to clear this exam.

[Author]

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