This document provides information about FRM preparation courses offered by Lomonosov Moscow State University for the 2017-2018 year. It begins with a disclaimer from GARP regarding endorsement of preparation courses. The document then outlines the course content, structure, and benefits. It discusses the FRM exam structure and topics tested. It notes the challenges students may face in preparing and reasons they may need assistance. Finally, it details the university's FRM Part I, Part II, and combined preparation courses, including topics covered, pricing, discounts, and instructor backgrounds.

1. FRM® PART I&II EXAMS
PREPARATION COURSES
LOMONOSOV MOSCOW STATE UNIVERSITY (2017/2018)

2. DISCLAIMER
GARP® does not endorse, promote, review, or warrant the accuracy of the
products or services offered by Lomonosov Moscow State University related
information, nor does it endorse any pass rates claimed by the provider.
Further, GARP® is not responsible for any fees or costs paid by the user to
Lomonosov Moscow State University nor is GARP® responsible for any fees
or costs of any person or entity providing any services to Lomonosov
Moscow State University.
FRM®, GARP® and Global Association of Risk Professionals™ are
trademarks owned by the Global Association of Risk Professionals, Inc.
2

3. CONTENT PAGE
1. Introduction
2. Where do FRMs work?
3. Benefits of the FRM
4. How do I get my FRM?
5. Why may I need preparation help?
6. What do we offer?
3

4. Introduction
1
4

5. What is FRM®?
FRM® stands for the Financial Risk Manager® certification that was
developed by Global Association of Risk Professionals® in 1996 for
candidates pursuing career in risk management.
With increasing business competition and rapid changes in the finance
industry, businesses require professionals who can manage risk, money and
investment efficiently. This has raised the importance of Financial Risk
Management and thus given this certification a recognition which it
deserves.
Source:
FRM® Candidate Guide (2018) 5

6. FRM® In numbers
Established in 1996
45 000+ FRMs in 190+ countries
Booming demand since 2010
56 000+ exam registrations in 2017
90%+ of surveyed candidates would recommend the FRM® to their peers
6
Source:
FRM® Candidate Guide (2018)

7. 7
Some quotes about FRM®
“The FRM is a highly respected designation in the industry and is a great outward reflection of
the knowledge I bring, along with my core strengths, to important investment risk related
decisions.”
David Wolfowitz, FRM
executive director
“Earning the FRM helped me get my current job assignment. Our business went through a
transformation and needed to establish an ALM risk function. I had seven years’ experience in
Credit Risk, but the FRM was proof that I had knowledge of all types of risk and could continue
to learn and master new risk functions.”
Jing Lue Gramespacher, FRM
senior risk manager

8. Where do FRMs work?
2
8

9. SECTORS WITH THE HIGHEST PROPORTION
OF FRM-QUALIFIED EMPLOYEES
9
Risk management
Quantitative analytics
Derivatives
Sales&Trading
Asset Management

10. COMPANIES EMPLOYING THE MOST FRMS:
10
Source:
FRM® Candidate Guide (2018)

11. TOP LOCAL COMPANIES THAT HIRE FRMS
11
Source:
FRM® Candidate Guide (2018)

12. Make
Your
Career
Skyrocket
12

13. Benefits of the FRM
3
13

14. EARNING FRM WILL HELP YOU
1
DEMONSTRATE YOUR
KNOWLEDGE
2 HIGHLIGHT YOUR
EXPERIENCE
3 JOIN AN ELITE GROUP
4
UNDERSCORE YOUR
RELIABILITY
14
Source:
FRM® Candidate Guide (2018)

15. How do I get my FRM?
4
15

16. THERE ARE NO MINIMUM REQUIREMENTS
FOR APPEARING IN THE FRM EXAMS.
16
FRM®
PART I
EXAM
FRM®
PART II
EXAM
2+ YEARS
OF WORK
EXP
The FRM Examination consists of two paper-and-pencil, multiple choice four hour exams.
The FRM Exam Part I consists of 100 equally weighted questions
The FRM Exam Part II consists of 80 equally weighted questions.
The Exams are offered in person in American English twice a year, in May and November,
Source:
FRM® Candidate Guide (2018)

17. TOPICS AND WEIGHTS
20%
Foundations of Risk
Management
17
30% Valuation and Risk Models
20% Quantitative Analysis
30% Financial Markets and
Products
25%
Market Risk Measurement
and Management
10%
Current Issues in Financial
Markets
25% Credit Risk Measurement
and Management
25% Operational and Integrated
Risk Management
15% Risk Management and
Investment Management
FRM® PART I EXAM
FRM® PART II EXAM

18. WHAT IS THE DIFFERENCE BETWEEN THE FRM AND THE
CHARTERED FINANCIAL ANALYST (CFA)?
18
Source:
FRM® Candidate Guide (2018)
 The two designations attest to different skills and aspects of your capabilities,
and complement each other well.
 The FRM is focused on risk, and tests your knowledge of topics such as market
risk, operational risk, integrated risk management, valuation and risk models,
and investment risk management.
 The CFA provides an overview of financial topics, but does not cover risk in
the same depth as the FRM.
 Many professionals choose to demonstrate their mutual competencies by
earning both designations, especially given the prominent role of risk
management in the global financial industry.

19. Why may I need
preparation help?
5
19

20. PASS RATES
Source:
http://garp.org 20
47,30%
46,70%
45,90%
50,90%
42,50%
48,80%
43%
49,20%
44,50% 44,80%
42%
61,10%
57,00% 56,80%
58,00% 58,10%
58,70%
52%
62,10%
50,10%
54,30% 54%
40,00%
45,00%
50,00%
55,00%
60,00%
65,00%
2012 M 2012 N 2013 M 2013 N 2014 M 2014 N 2015 M 2015 N 2016 M 2016 N 2017 M
PART I
PART II

21. SOME DIFFICULTIES OF THE FRM® PART I EXAM
21
• 4 Volumes totaling more than 1000 pages
• More than a hundred formulas
• Four-hour exam
• 100 multiple choice questions (144s/question)
• Some hard concepts to grasp
• Professional terms in English
How much time do I need to
prepare for the Exam?
Your preparation time will vary
based on your experience and
background, but on average,
candidates spend about 275
hours studying. In a recent
survey, individual reports
varied from less than 100 to
more than 400 hours.
Source:
FRM® Candidate Guide (2018)

22. SOME DIFFICULTIES OF THE FRM® PART II EXAM
22
• 4 Volumes totaling more than 1000 pages
• More than a hundred formulas
• Four-hour exam
• 80 multiple choice questions (180s/question)
• Some hard concepts to grasp
• Professional terms in English
How quantitative is the Exam?
The FRM Exam does have a
quantitative component, but the
concepts are presented in real-
world situations that risk managers
face. The level of mathematical
difficulty is on par with an advanced
undergraduate or introductory
graduate level finance course at
most universities.
Source:
FRM® Candidate Guide (2018)

23. What do we offer?
6
23

24. FRM® PART I EXAM PREP COURSE (24 FEB – 12 MAY)
*THE OFFICIAL EXAM WILL BE HELD ON 19 MAY
24
DISCOUNT SYSTEM
 COURSE REPEATITION IN CASE OF EXAM FAILURE (UP TO 90%)
 FRM® PART II EXAM PREP COURSE (UP TO 40%)
 CFA® LEVEL I EXAM PREP COURSE (UP TO 50%)
 FULL COVERAGE (ALL TOPICS OF FRM® LO 2018)
 CONVENIENT TIME (ON SATURDAYS* 11AM – 6PM)
 LESSONS IN RUSSIAN (ALL MATERIALS ARE IN ENGLISH)
 ONLINE SUPPORT AT SLACK
 ACCESS TO OUR TEST BASE AND LESSON MATERIALS
 STATEMENT OF ACCOMPLISHMENT FROM TOP UNIVERSITY
ONLY 65 000 RUBLES
*except for holidays and other non-working days

25. FRM® PART II EXAM PREP COURSE (17 FEB – 05 MAY)
*THE OFFICIAL EXAM WILL BE HELD ON 19 MAY
25
DISCOUNT SYSTEM
COURSE REPEATITION IN CASE OF EXAM FAILURE (UP TO 90%)
CFA® LEVEL I EXAM PREP COURSE (UP TO 50%)
 FULL COVERAGE* (ALL TOPICS OF FRM® LO 2018)
 CONVENIENT TIME (ON SATURDAYS** 11AM – 6PM)
 LESSONS IN RUSSIAN (ALL MATERIALS ARE IN ENGLISH)
 ONLINE SUPPORT AT SLACK
 LESSON MATERIALS
 STATEMENT OF ACCOMPLISHMENT FROM TOP UNIVERSITY
ONLY 65 000 RUBLES FOR SPRING 2018 ONLY
*except for optional topics
**except for holidays and other non-working days

26. 26
 FULL COVERAGE* (ALL TOPICS OF FRM® LO 2018)
 CONVENIENT TIME (ON SATURDAYS* 11AM – 6PM)
 LESSONS IN RUSSIAN (ALL MATERIALS ARE IN ENGLISH)
 ONLINE SUPPORT AT SLACK
 LESSON MATERIALS
 STATEMENT OF ACCOMPLISHMENT FROM TOP UNIVERSITY
ONLY 120 000 RUBLES
FRM® PART I&II EXAM PREP COURSE
(FEB–MAY + SEP–NOV)
DISCOUNT SYSTEM
COURSE REPEATITION IN CASE OF EXAM FAILURE (UP TO 90%)
CFA® LEVEL I EXAM PREP COURSE (UP TO 50%)
*except for optional topics
**except for holidays and other non-working days

27. OUR INSTRUCTORS
27
Vladimir Piterbarg, PhD, Professor
(Scientific Program Manager)
Lomonosov MSU, Head Researcher,
Head of Laboratory of Probability
Alexander Karpov, CFA
(Program Manager)
World Quant, Consultant,
HSE, Deputy Director
Sergey Kobelkov, PhD Lomonosov MSU, Researcher
Gregory Kessenikh, CFA, FRM Bankruptcy administrator
Andrew Dankin, CFA, FRM Murex, Manager
Marina Klimovich, FRM
Sberbank, Director
CFA Level III candidate
Artem Baulin, FRM VTB-Capital, Risk Manager
Alexey Kiselev, FRM Sberbank, Chief Economist
Maxim Zhuravlev, FRM Sviaz-Bank, Trading/Risk Management Specialist
Irina Olyaeva
VTB, Manager
CFA Level I passed

28. EMPLOYEES OF THESE COMPANIES
HAVE CHOSEN OUR FRM® PREP COURSE
28

29. 29
FORMULA OF THE COURSE
NORMAL
COMMON
SENSE
HARD
VERY
HARD
20%
55%
20%
5%
VERY SPECIFIC
QUESTIONS
IMPORTANT
KNOWLEDGE
ESSENTIAL
KNOWLEDGE
ENOUGH TO PASS
THE TEST BUT
REQUIRES A LOT OF
PRACTICE
NORMAL
COMMON
SENSE
EASIEST WAY TO
PASS
THOUSANDS
OF TESTS
THAT’S NOT OUR COURSE’S FORMULA
NORMAL
COMMON
SENSE
COMPREHENSIVE
COURSE
AND THIS ONE IS NOT EITHER
HARD
VERY
HARD
NORMAL
COMMON
SENSE
OUR COURSE
THAT IS OUR COURSE’S FORMULA
HARD
SOME
ONLINE
TESTS

30. WHAT IS THE EDUCATIONAL
PROCESS LIKE?
I. LIVE
LESSONS
II. HOMEWORK
III. TESTS
(MOODLE)
IV. SLACK
DISCUSSION
30

31. 31
THE END

32. THANK YOU
FOR YOUR ATTENTION
ANY QUESTIONS?
FEEL FREE TO CONTACT US
PROGRAM MANAGER
Alexander Karpov, CFA
Phone number: +7-985-365-71-56
E-mail: a.karpov@master.math.msu.ru
CONTINUING EDUCATION UNIT
Phone number: +7 (495) 939-39-29
E-mail: do@master.math.msu.ru
REGISTRATION
EXIT
32