aloneSingingStar/cfa

FRM & CFA study notes

Notes

This repository contains the notes I created when preparing FRM & CFA. They were originally written using Microsoft Word in Mac. A lot of latex math formulae were used extensively, which unfortunately cannot be correctly recognized in Windows. Hence, their PDF versions are shared here.

Exam History

FRM1

I have passed the FRM level 1 (4A) in May, 2018.

FRM2

I have passed the FRM level 2 (4A1C) in Nov, 2018. Ranked A in the four major parts: market, credit, operational, and integrated risks. Ranked C in the current issues.

CFA Level 1

I have passed the CFA level 1 (10A, top 10%) in Dec, 2018.

CFA Level 2

I have passed the CFA level 2 (7A3B, top 10%) in June, 2019.

CFA Level 3

I have passed the CFA level 3 (top 10%, both essay and item set) in Dec, 2020. I intended to pass it in Dec. 2019. Due to COVID-19, it was delayed twice.

考试经验分享

• My FRM & CFA experience: https://zhuanlan.zhihu.com/p/77348657
• How to learn FRM & CFA systematically: https://zhuanlan.zhihu.com/p/77616841

考试笔记

在各个目录的my notes里。

• FRM1是第一次备考，不知道Mac下的Word也支持latex，因此公式格式写得不好看。
• 从FRM2开始，用latex来写数学公式，排版好看。
• FRM2里的special topics目录里是有一些专项研究和一些考友的问题解答。

参考图片

考试过程

学习体系

参考书

笔记例子

CFA2 相关系数假设统计

CFA2 Two-stage DDM推理

CFA2 各种P&E比较

FRM2 两个独立资产的权值和方差的关系

FRM2 协方差的各种推导

FRM2 MVaR的各种推导

FRM2 各种VaR图解