March 23, 2009
This is an interview in a series of Interviews that EduPristine Careers will conduct. EduPristine sets up meetings with professionals/ students / other people, who have been successful in clearing FRM, and gets their views on how to succeed. EduPristine is hopeful that it will provide the readers some insight into how to crack FRM and other certification courses in finance.
Paramdeep Singh, a director with EduPristine speaks to Vaibhav, who wants to build a career in Risk Management and Banking. Vaibhav is a fresh graduate from one of the best MBA schools in India and has prior work experience in the field of Software (where he worked on banking products). He feels that background does not play a very big role in clearing FRM and working hard can definitely get you the certification. In his view point, a strong desire to work hard and interest in finance are the most important ingredients to clear the examination. Vaibhav is an engineer by background and has done his MBA from IMT Ghaziabad.
Paramdeep: Tell me a brief about your background
Vaibhav: B.E. (Computers) from B.V.P , Pune. I worked for 2 years with TCS, Gurgaon on Banking Products. I will complete my MBA (Finance) from IMT, Ghaziabad in March 2009.
Paramdeep: Why did you give the FRM exam?
Vaibhav: Reasons: Interested in the area of Risk Management. I want to pursue a long term career in Investment Banks/ Banks/ Financial Institutions. The Exam curriculum covers subjects that are an added bonus to the MBA-Finance curriculum with no overlapping. Found it highly relevant to the recent financial happenings.
Paramdeep: Do you think that background plays an important role in clearing FRM?
Vaibhav: No, as long as one possesses decent Quantitative and Mathematical ability and a desire to work hard, the background is irrelevant.
Param: What has been your Mantra for success?
Vaibhav: Nothing special, just practice loads of questions. Regular revision of concepts; spend a lot of time right before the exam in attempting model test papers.
Param: When did you start preparing?
Vaibhav: July 2008 for the November 2008 exam.
Param: How much did you study?
Vaibhav: About 1 hour a day initially and then increasing the amount of time spent to the extent of 5 hours a day in the last 20 days prior to the exam.
Paramdeep: What subjects did you concentrate on?
Vaibhav: Market Risk and Credit Risk
Paramdeep: What do you think is the best way to crack the subjects?
Paramdeep: What books did you study for the subjects?
I relied a lot on online tests and Visualize FRM from EduPristine. The charts helped tremendously in memorizing all the concepts. Apart from that, I read material online.
Paramdeep: What other reference material did you use while studying?
Vaibhav: Notes and PPTs provided by Pristine.
Paramdeep: How best can Pristine be used for preparing for FRM?
Paramdeep: What are your career plans after achieving the FRM certification?
Vaibhav: Look for a career in banking/investment banking.
Paramdeep: Lastly, what did you do on the final day before the exam?
Paramdeep: Your Advice to FRM/ Finance aspirants:
These FRM Interviews are presented by EduPristineCareers (Leader in FRM/ CFA®/ PRM/ FinanceTraining.
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