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Having passed 1&2, i’ve got 3 in just under 2 months. Reading the books and taking some notes as i go through so i don’t have to read them all the way through again.
Any concrete advice on how to pass? Both kesdee and risk prep questions seem very different from the material – how close are they to the exam? There seems to be a LOT of detail to attempt to memorize which seems pointless in practice and a bit of hit and miss when you get to the exam (just have to hope the details you recall are the ones that are asked).
Any and all advice is warmly received!!
took me 3 attempts! The detail killed me. Some questions are really silly and quoted directly from the text changing one or two words..
The devil is in the detail is all can say. On the other hand you can’t memorize everything! You just have to know the text well.
All the best!Thanks. I just tried a riskprep practice test and although it did highlight a few areas to review, I’m fairly sure contingent claims/ KMV Moody’s etc is not in the PRM materials. Agree there’s a lot of detail to try to memorize. It feels impossible and passing is a factor of hoping the details you have memorized appear in the exam on the dsy. It’s a bit frustrating. I guess if I can be confident with 50% of the questions then just answer A for the rest, that might get me over the line lol.
On june i failed to exam 3 and next month i am going to have a second attempt. Has anyone buy exam questions from the following link: http://www.cheat-test.com/PRMIA-certification-exams.html?
I have no idea if the questions are based on 2015 handbooks or not.
Indeed Riskprep and kesdee material is not suitable for 2015 handbooks. Any other site with questions?
Thank you in advance
I’m the same in that memorising small details from the books is not something I’m good at. By comparison I achieved around 90% in the second exam. I have my first attempt at exam 3 in a fortnight and do not feel confident at all. I also have to question how useful examining like this actually is.
As for that website – it seems a bit ropey to me. I’d personally reluctant about giving them any money.
My hope is in getting by with knowing enough and supplementing with educated guesswork. I see no other option. This is a test of memory, not proficiency, knowledge or understanding.
Your last 3 attempt..questions set were almost same or it differs?
Are you asking if the questions were the same as riskprep? they’s a bit different. There really are very few calculation questions – I wouldn’t spend too much time getting bogged down in the technical detail of VaR methodologies etc. You should focus on some of the theoretical detail (ie it is important to know the pros and cons of each of the 3 VaR approaches (historic, parametric, monte carlo)). That’s just using VaR as an example but in general that’s what my advice would be.
Done my exam 3 last Friday and got the passed result today. I went through the textbooks 2 times and complete all the riskprep questions. The exam itself is really in the details, make sure you go through the textbooks thoroughly.
Thanks. I actually passed myself, got the result a week and a half ago. 85% so not bad in the end. I agree a couple of thorough readings of the books is essential.
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