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WhatYouShouldKnowfortheMay20,2017FRMExam

GARP
Thu5/11/201711:14PM

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WhatYouShouldKnowfortheMay20,2017FRMExam

WatchthisVideoaboutExamDayTipsforCandidates

Important:YouwillnotbeadmittedtotheExamifyoubringanelectronic
copyofyourAdmissionTicketviaasmartphone.Youmustbringapaper
AdmissionTicketforentrytotheExam.Noexceptions.

WillIhavetoundergoasecuritychecktoentertheexamroom?

Yes.Wetakeourroleofprovidingasafetestingenvironmentseriously,and
someofourexamsitesnowrequireenhancedsecuritycheckseachtimea
candidateenterstheexamroom.

Eyeglassesmustberemovedforaclosevisualinspectiontoensuretheydon't
containarecordingdevice

Jewelryotherthanwedding/engagementringsisprohibited

Hairaccessoriesaresubjecttoinspection.Pleaserefrainfromusingornate
clips,combs,barrettesorheadbands

Men'saccessoriessuchasties,tieclips,cufflinks,oranyotheraccessories
areprohibitedintheexamroom

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Youwillberequiredtoemptyandturnallpantspocketsinsideoutandraise
yourshirtsleevesaboveyourwristsforinspection

WhatcanIexpectonexamday?

Astandardexamdayfollowsthisformat(exacttimesmayvaryslightly):

MorningSessionFRMExamPartI

7:00am Candidatesarriveandbeginthecheckinprocess.Pleasehaveyour
ticket,calculator(s),andpassportordriver'slicensereadytobe
inspected.
7:45am Youmustbecheckedinandseatedby7:45am.Doorstotesting
roomswillbeclosed,andwewillbegintheannouncements.Once
thedoorsareclosed,candidateswillnolongerbeallowedtoenter
thetestingroom.Noexceptions.
8:00am Exambegins.
8:30am Verbalannouncement:3.5hoursremaining.
9:00am Verbalannouncement:3hoursremaining.
9:30am Verbalannouncement:2.5hoursremaining.
10:00am Verbalannouncement:2hoursremaining.
10:30am Verbalannouncement:1.5hoursremaining.
11:00am Verbalannouncement:1hourremaining.
11:30am Verbalannouncement:30minutesremainuntiltheendoftheExam.
Duringthelast30minutesofthetimedportionoftheExam,noone
mayleavethetestingroom.
11:55am Verbalannouncement:5minutesremaining.
12:00pm Morningsessionends,exammaterialsarecollectedandcandidates
arereleased.

AfternoonSessionFRMExamPartII

1:00pm Candidatesarriveandbeginthecheckinprocess.Pleasehaveyour
ticket,calculator(s),andpassportordriver'slicensereadytobe
inspected.
1:45pm Youmustbecheckedinandseatedby1:45pm.Doorstotesting
roomswillbeclosed,andwewillbegintheannouncements.Oncethe
doorsareclosed,candidateswillnolongerbeallowedtoenterthe
testingroom.Noexceptions.
2:00pm Exambegins.
2:30pm Verbalannouncement:3.5hoursremaining.
3:00pm Verbalannouncement:3hoursremaining.
3:30pm Verbalannouncement:2.5hoursremaining.
4:00pm Verbalannouncement:2hoursremaining.
4:30pm Verbalannouncement:1.5hoursremaining.

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5:00pm Verbalannouncement:1hourremaining.
5:30pm Verbalannouncement:30minutesremainuntiltheendoftheExam.
Duringthelast30minutesofthetimedportionoftheExam,noone
mayleavethetestingroom.
5:55pm Verbalannouncement:5minutesremaining.
6:00pm Afternoonsessionends,exammaterialsarecollectedandcandidates
arereleased.

WhatwilloccurifIregisteredwithmynicknameorWesternnameandmy
IDhasmyformalname?

IfyournameonyourAdmissionTicketdoesnotmatchyourpassportor
driver'slicenseEXACTLY,youwillNOTbeallowedinthetestingroom.
Onlyacurrent,notexpired,original,validpassportordriver'slicensewithyour
photographwillbeacceptedforidentificationpurposes.Wecannotaccept
work/employeridentificationcards,voter'sidentificationcards,alearner'spermit,
PANCards,orstudentIDcards.

Thenameonyourpassportordriver'slicensemustbeexactlythesameasthe
nameonyourexamregistrationusingthephoneticalphabet.Forexample,the
nameXuechengLiinChinesecharacterscannotbeusedtoregisterforthe
Examinstead,"XuechengLi"wouldbecorrect.Thecapitalizationoftheletters
isnotrelevant.

ThereareNOexceptionstothispolicy,regardlessofwhatformofidentificationa
candidatemayhaveusedinpastexamadministrations.Ifacandidatearriveson
examdaywithoutavalidpassportordriver'slicense,theywillnotbeallowed
tositfortheExam.

GARPadministersitsExamsinapproximately100locationsaroundtheworld.
Becauseofficialformsofidentificationdiffergreatlyfromcountrytocountryand
fromculturetoculture,wecannotlistallformsofidentificationthatarenot
acceptable.Werequirethatallcandidatesabidebythissamerule,worldwide.

ASpecialNote:Adriver'slicensecanonlybeusedinthecountryoforigin
otherwise,youmustarrivewithavalidpassport.

WhatformatdoestheFRMExamtake?

Eachpartisa4hourexaminationthatcontainsmultiplechoicequestions.FRM
ExamPartIhas100questionsandFRMExamPartIIcontains80questions.All
ExamsaregiveninEnglishinbookletformat,andaretobecompletedusingthe
pencilsweprovide.

HowdoIchangeananswerontheanswersheet?

Changedanswersarerecordedinthecolumnmarked"FinalAnswer."For
example,ifyoufillinbubbleA,andthendecidethatyouwanttochangeyour
answertoC,leavebubbleAfilled,thenfillinthecircleforC.YouwillALSOneed
towritetheletterCintheFinalAnswercolumn.
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DonotwriteinaletterforeveryquestionintheFinalAnswercolumnitisonly
foranswersyouarechanging.Answersheetsthatarenotcompletedcorrectly
maycauseadelayinyourresults.

CanIbringmyownwritinginstrument(s)?

No.Wewillprovideyouwithtwopencilsonexamday,whichyoumaytake
homeaftertheExam.Outsidewritingutensilsanderasersarenotallowedinthe
examroom.Ifyoubringinanduseyourownpencil,pen,oreraseratanytime
duringtheExam,aproctorwillcompleteanExamIncidentReportandyour
Examwillnotbegraded.

WillIbegivenscratchpaper?

Youarepermittedtodoscratchworkintheexambooklet,onquestionpages,
and/orontheblankpagesprovidedinthebackorcenterofthebooklet.Youare
notpermittedtoremoveanypagesfromtheexambooklet,includingtheblank
pages.DonotuseyourExamAdmissionTicketasscratchpaper.Itisan
exampolicyincidenttowriteonthefrontorbackofyourAdmissionTicketatany
time.

WillIbeallowedtousetherestroomduringtheExam?

Yes.RaiseyourhandandtheProctorwilltakeyourexammaterialsandID.After
youhavereturnedtotheexamroom,youmayretrieveyourexammaterialsfrom
theproctor'stableandcontinue.

WillIbeallowedtoeat/drinkduringtheExam?

Youmaynoteatintheexamroom,butyoumaydosooutside.Raiseyourhand
andtheProctorwilltakeyourexammaterialsandID.Afteryouhavereturned,
youmayretrieveyourexammaterialsfromtheproctor'stableandcontinue.

Questionsregardingquantitativemethodsoftenrefertotheztable,ttable,
andftables.WillthesetablesbeprovidedduringtheExam?

Yes.Ifaquestionrequiresinformationfromaspecificdistributiontable,that
informationwillbeprovided.Youareexpectedtounderstandriskmanagement
conceptsandapproachesaswellastheirapplicationtoariskmanager'sdayto
dayactivities.Youarenotexpectedtomemorizeformulasofdistributionsas
outlinedintheQualitativeAnalysissectionofthe2017StudyGuide,butshould
understandwhenitisappropriatetouseaparticulartypeofdistribution.

WestronglyencourageyoutotakethePracticeExamstogetagoodsenseof
thetypesofquestionsyouwillface.Asareminder,theonlytwoapproved
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calculatorsbrandswhichcanbeusedonexamdayareTexasInstrumentsand
HP(clickheretoviewtheCalculatorPolicy)astheyarecapableofperforming
anyrequiredpresentvalueandfuturevaluecalculations.

Whycan'tIbringadifferentcalculator/awatchintothetestingroom?

Toensureafairenvironmentforallcandidates,andtoensuretheintegrityofthe
Examsbyminimizingcheating,nounauthorizeditemsareallowed.Thisincludes
butisnotlimitedtotextstoringcalculators,anddigitaloranaloguewatches.If
youbringanyunauthorizeddevicesintothetestingroom,itwillbeconfiscated
andanExamIncidentReportwillbefiled.Youwillalsobereportedfor
disciplinaryaction,andyouranswersheet(s)willnotbegraded.

CanIleaveassoonastimeiscalled?

Attheconclusionofeachsession,youmustremainseateduntilallexam
materialshavebeencollectedandcounted.BecauseofenhancedExam
security,thisprocessmayrequirecandidatestoremainseatedforadditional
timeafterthe12:00pmand6:00pmendtimes.

Whataresomeexamplesofexamincidents?

WeseriouslyrevieweachandeveryExamIncidentReportthatisfiledonexam
day.Belowyouwillfindsomeexamplesthathaveresultedinacandidate's
Examnotbeinggraded.

Arrivingafterthedoorshaveclosed
Arrivingwithinvalididentification
Bringinginandusinganongarpissuedwritinginstrumentduringtheexam
Bringinginandusinganeraser,whiteout,correctionfluid/tape,highlighters,
orrulers
Cellulardeviceringingintheexamroom
Bringinginwearabletechnologydevicessuchasgoogleglasses,watches,
smartwatches,fitbits,orportableclocks
Bringinginandusinganunauthorizedcalculator
Openinganexambookletbeforeinstructedtodoso
Writingbeforeinstructedtodoso
Usingunauthorizedmaterials(suchaspaperorcribnotes)
Lookingatanothercandidate'sanswersheetorexambooklet
Speakingwithanothercandidateduringtheexam
Exitingandreenteringthebuildingduringthetimedportionoftheexam
Exitingtheroomduringlast30minutesofexam
Removingexammaterialsfromtheroom

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Continuingtowriteafter"stopwriting"hasbeenannounced
Displayingdisruptivebehavior

WillIreceiveanactualgrade(ornumericalscore)onmyExam?

No.AsstatedinboththeExamGuidelinesandtheCandidateAgreement,
resultsaregivenonapass/failbasisonly.Passingscoresaredeterminedbythe
FRMCommittee.

WhendoIlearnifIpassedornot?

ExamresultspassorfailwillbesentviaemailnolaterthanJuly5,2017.

WhatisGARP'scontingencyplanintheeventofinclementweather?

WewillmakeeveryefforttoadministertheExamasscheduled.Intheeventof
anemergency,wewillemailyouwithfurtherinstructions.

Don'tforgettobring:

YourPRINTEDAdmissionTicket(s)onablanksheetofpaper
Yourcurrent,original,nonexpiredoriginaldriver'slicenseorpassport,
includingyourpicture
YourGARPapprovedcalculator

GoodLuck!

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