The Requirements of FRM Examination for Mathematics
According to GARP official website, the requirements for mathematics in FRM exam are:
The degree of mathematicization of examination is consistent with higher education and postgraduate education.
In other words, the mathematics difficulty of FRM exam is the same as that of undergraduate or junior graduate finance courses in most universities. It should be noted that although the FRM exam is conceptual in nature, you still need to know important formulas and calculations and how to apply them correctly.
Therefore, the FRM test is not very demanding on mathematics, but the FRM test content will involve knowledge related to probability and statistics. You can deduce and understand commonly used formulas, know the variables in them, and know the influence of variable changes in each formula.
The requirements of CFA exam for mathematics
CFA exam mainly tests the knowledge of probability and statistics, involving the calculation of probability, and does not involve advanced knowledge such as calculus. Although there are financial subjects, financial assessment will not be as complicated as the domestic CPA exam. CFA exam is a test of practical ability. The examination is intuitive, the teaching materials and curriculum are straightforward and easy to understand, which is closely related to the actual investment analysis. The mathematics difficulty of CFA is much lower than that of domestic postgraduate entrance examination, and calculators can also be used in CFA examination.
CFA involves a wide range of mathematics. There are many formulas for CFA secondary quantitative analysis, but there are still few to recite, because what we are looking at here is your evaluation and summary of an equation. An analyst made a regression analysis, and you judged whether he made mistakes or not, and the data was screened incorrectly. Another example is the valuation of bonds, which mainly focuses on grasping the characteristics of bond varieties and predicting the yield curve of bonds without too much formula memory.
Cfa application conditions
1, education requirements
(1) Four-year undergraduate degree or above.
Note: the registration time is within 23 months (inclusive) before the graduation month of bachelor's degree course or equivalent project.
(2) Three-year college degree with 1 year full-time working experience.
(3) Two-year college degree with two-year full-time work experience.
(4) No college degree or above, 4 years full-time working experience.
Without a bachelor's degree, I have gained 4000 hours of work experience for three consecutive years. Work experience is not limited to industry or development field, as long as it is legal, it can show my professionalism.
2. Abide by professional ethics;
3. Complete the registration and pay the fees;
4. Be able to take the exam in English;
5. Have an international travel passport.