How to Prepare for the FRM Part 1 Exam with PDF Books
The Financial Risk Manager (FRM) exam is a globally recognized certification for risk professionals. The exam consists of two parts: Part 1 and Part 2. Part 1 covers the foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part 2 covers market risk, credit risk, operational risk, liquidity and treasury risk, and risk management and investment management.
To pass the FRM Part 1 exam, candidates need to master the learning objectives and topics outlined by the Global Association of Risk Professionals (GARP), the organization that administers the exam. GARP provides various study materials for candidates, such as study guides, learning objectives, practice exams, and official books. However, some candidates may prefer to study from PDF books that are more convenient and accessible.
In this article, we will review some of the best PDF books available for FRM Part 1 exam preparation. We will also provide some tips on how to use them effectively.
Best PDF Books for FRM Part 1 Exam Preparation
There are many PDF books available online for FRM Part 1 exam preparation. Some of them are free, while others require a purchase. Some of them are official GARP materials, while others are produced by third-party providers. Here are some of the best PDF books that we recommend:
GARP FRM Exam Part I eBooks: These are the official eBooks provided by GARP for FRM Part 1 exam preparation. They cover all the readings and themes that comprise the Part 1 exam, such as foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. They are updated each calendar year to reflect any curriculum changes. They cost USD 250 and can be accessed online via web browser or offline via desktop or mobile applications[^1^].
FRM Question Bank: This is a PDF book produced by FRMQuestionBank.com, a third-party provider of FRM exam preparation materials. It contains over 1,300 questions and answers that cover all the topics required for FRM Part 1 exam. It also provides explanations and references for each question. It is reviewed in light of the GARP syllabus guidelines and is updated annually. It costs USD 69 and can be downloaded unlimitedly[^2^].
FRM Part 1 Practice Book: This is a free PDF book uploaded by Deepak Dua on Scribd.com, a platform for sharing documents online. It contains practice questions and answers for FRM Part 1 exam based on the 2012 curriculum. It also provides some tips and tricks for solving the questions. It can be downloaded as PDF or read online from Scribd[^3^].
How to Use PDF Books Effectively for FRM Part 1 Exam Preparation
PDF books can be very useful for FRM Part 1 exam preparation if used properly. Here are some tips on how to use them effectively:
Read the official GARP eBooks first: The official GARP eBooks are the most comprehensive and reliable source of information for FRM Part 1 exam preparation. They cover all the learning objectives and topics that will be tested on the exam. They also provide examples and exercises to reinforce the concepts. Therefore, candidates should read them first before using any other PDF books.
Use other PDF books as supplements: Other PDF books can be used as supplements to enhance the understanding and retention of the official GARP eBooks. They can provide additional questions, explanations, summaries, or tips that can help candidates master the topics better. However, candidates should be careful not to rely solely on them or to use them as substitutes for the official GARP eBooks.
Practice regularly: Practicing questions is one of the best ways to prepare for FRM Part 1 exam. It can help candidates test their knowledge, identify their strengths and weaknesses, improve their speed and accuracy, and familiarize themselves with the exam format and difficulty level. Candidates should practice regularly using PDF books that contain questions that are similar to or higher than the actual exam level. 248dff8e21