Originally Posted by feynmix
not to hijack this thread, but any opinions on the FRM certificate? I am in the field of risk management, and my boss wants me to get it, but any experience with the exam or comments on the exam preparation would be great. I would probably be taking it in Nov 09.
I worked in market risk management for 12 yrs and did the FRM in '99, which I believe was the second year that it was offered. At the time, it was kind of a joke, but a lot of the concepts were worth reviewing, so I took it. I put pretty little effort into it and passed easily, partly due to how poorly the test was written.
I think the test itself has improved by leaps and bounds and it has some value as a designation. If you already work in risk, just reviewing the concepts themselves will be a good exercise. If your boss wants you to take it, you should. But within the industry, it's not a make or break designation.
Schweser (now Kaplan I guess) has test prep materials for it.