有没有哪位大哥FRM与PRM都考过呢？

中肯的意见，PRM的准备心得

摘自http://www.nuclearphynance.com/Show%20Post.aspx?PostIDKey=76803

Posted: 2006-06-16 17:45

The guide is almost entirely sufficient as preparation for the exam. A large number of readings are advocated as part of the syllabus, they are almost universally highly sophorific and not needed.

When I prepared for this exam (it was quite a while ago) I abandoned the other required reading in their entirety very quickly. I found the book well written and mostly free of errors, and even though I was only 2 years into finance, wrote the exam with great confidence.

On the other hand I am now helping people to prepare for the PRMIA qualification (and am about to write it myself - bad form to teach for a qualification that you don't have yourself in my opinion). There is a set of three books which are supposed to comprise all of the technical material for the exams (the books correspond to 3 of the 4 exams, the last is about some case histories, ethics etc. for which the material is supplied free of charge).

On the PRMIA website several mock exams are provided to help in the preparation.

In stark contrast to the GARP material, the books seem to be almost entirely useless for prep for the exams. (And they aren't cheap either.) To avoid boredom I will give only one example, I could give several. The 2 mock exams for exam 2 (maths, stats, probability, etc) I have done each have 6 or 7 of the 25 questions being about hypothesis testing. However, a word search in book 2 for 'hypothesis testing' will reveal only six very abstract hits, and that mostly in the section of regression i.e. testing for the significance of regression. In other words, one has to now resort to other resources, which may be new to you, or for which an appropriate choice may be on your bookshelf.

The books are also riddled with errors. I think that the books are written by several people is a major problem. It is a bunch of chapters by different people; and in my opinion the editor hasn't done much work. In particular, as you might infer from the previous paragraph, the authors, the editor and the examiners are not reading from the same page. Contrast this to the GARP manual (well, when I wrote GARP anyway) is by one person and so has a certain coherence.

So I would say that to prepare for GARP is easier than to prepare for PRMIA and also is somewhat more focussed (narrower). And I think nowadays the PRMIA qualification is more valued than the GARP one. There's probably some sort of conservation-of-energy lesson there

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