Your success on the FRM exam depends on an efficient, organized study plan. And part of it is figuring out the mistakes that applicants frequently make so you can get off to the correct start and stay on course throughout exam season. We’ll discuss the five most typical FRM study mistakes in this article along with some tips on how to avoid them based on our extensive expertise.
Let’s begin with the mistakes:
1) Waiting excessively long to begin studying
You will typically require 240 hours of study to fully understand the material for each section of the FRM exam. Some applicants procrastinate with their studies and overestimate their capacity to make up lost time. Some competitors believe they can finish strong in the last weeks. But the reality is that cramming for an exam by reviewing fundamental content at the last minute rarely goes well for the individual.
2) Failure to Create a Structured FRM Study Plan
The knowledge needed for the FRM exam can only be acquired through a methodical, systematic study plan. Candidates can concentrate on studying the material and respond to questions with the help of an organized study schedule. However, some applicants believe that switching between tasks as time permits or as they recall to do so will suffice. In actuality, it will be difficult for these candidates to finish the study plan and pass the exam.
3) Lack of attention to time management
Given how quantitative the FRM exam is, time management is a key consideration. Even candidates who start early and have organized study schedules are susceptible to making a crucial error: failing to incorporate time management into their study strategy. For instance, they don’t time themselves when answering practice questions or trying to shorten complicated calculations.
4) Not Including Practice in the Study Program for the FRM Exam
Some applicants believe they can ace the exam by repeatedly reading the course materials and study guides while ignoring the practice questions and mock tests. Although concentrating entirely on theory and knowledge can mess up candidates on exam day, it does help them understand topics. The FRM exam measures a candidate’s capacity to use analytical methods to get to conclusions. Even though applicants have grasped the subject, they may still have trouble if they haven’t practiced, understood how the questions will be presented on the exam, or know how to utilize the right analysis.
5) Being without a strategy to stop panic
One of the main reasons even the best-prepared applicants fail the FRM exam is panic. Candidates who are stressed out have a tendency to misread questions and accidentally mark the incorrect response. However, a lot of applicants forget to factor this in when getting ready for the exam. They don’t take the time to read questions again to make sure they fully understand, to slow down, take deep breaths, or calm down. As a result, people might fail an exam that they ought to be able to pass.
However, taking online or face-to-face classes, passing practice examinations, and joining study groups all boost your chances of passing the FRM exam. One of the best things you can do to ensure you proceed to the next stage—certification—is to invest in a quality FRM course and Miles Education would be your best aid in this regard.
