To truly succeed in the FRM journey, it’s essential to understand that excellence is built over time. It’s not about cramming information but about understanding concepts and building a strong foundation. Here is a division of the whole FRM study experience:
Foundation Phase (Months 1-2): The first stage involves developing familiarity with the most elementary concepts of risk management. Dig deeper into quantitative analysis, financial markets, and products. The available learning resources include online tutorials, study guides, as well as video lectures.
Comprehensive Study Phase (Months 3-6): This is the heart of your study plan. Cover all topics in detail. Special focus would be required in areas that seem difficult. Deal with the official curriculum books. Solve practice problems. Take mock exams to gauge your measure of progress.
Revision and Practice Phase (Months 7-9): At this stage, you are to review the topics you have covered and try to revise your understanding of the same. Take full-length practice tests under timed conditions to mimic the real test experience. Then analyse your performance to figure out what you need to improve further.
Final Review Phase (Months 10-11): In the final months, focus on fine-tuning your knowledge and addressing any remaining gaps. Review key formulas, concepts, and practice problems. Don’t introduce new study materials at this point; instead, consolidate what you’ve already learnt.
Pre-Exam Phase (Month 12): A few weeks left before the exam, rev up your strategic revision. Use one or two more attempts at mock exams to hone your time management while rehearsing; try to incorporate some techniques against anxiety during the exam.