Oh, and one more thingSchweiser 2004 FRM study notes for sale, $100. Volume 1 used once for three hours, the rest unused.Let me know if interested.

http://www.prmia.org/pdf/Merton_Notes/R ... .htmlNobel Laureate, Robert Merton's alliance with PRMIA. Classic Lecture Notes of Dr. Robert C. MertonWe're very pleased that the classic lecture notes of Nobel Laureate, Dr. Robert C. Merton, have been donated by Dr. Merton for the use of PRMIA members.“The need has never been greater for highly trained risk managers in both the private and public sectors of the global financial system. I harbor the hope that these notes may contribute to that training."- Dr. Robert C. Merton, Nobel LaureatePlease note that all of these chapters are protected under international copyright laws and are not to be reproduced or republished anywhere without the written permission of Dr. Merton.Index and ChaptersTable of Contents DownloadIntroduction DownloadOn the Arithmetic of Compound Interest: The Time Value of Money DownloadOn the Theory of Accumulation and Intertemporal Consumption Choice by Households in an Environment of Certainty DownloadOn the Role of Business Firms, Financial Instruments and Markets in an Environment of Certainty DownloadThe "Default-Free" Bond Market and Financial Intermediation in Borrowing and Lending DownloadThe Value of the Firm Under Certainty DownloadThe Firm's Investment Decision Under Certainty: Capital Budgeting and Ranking of New Investment Projects DownloadForward Contracts, Futures Contracts and Options DownloadThe Financing Decision by Firms: Impact of Capital Structure Choice on Value DownloadThe Investor's Decision Under Uncertainty: Portfolio Selection DownloadImplications of Portfolio Theory for the Operation of the Capital Markets: The Capital Asset Pricing Model DownloadRisk-Spreading via Financial Intermediation: Life Insurance DownloadOptimal Use of Security Analysis and Investment Management DownloadTheory of Value and Capital Budgeting Under Uncertainty DownloadIntroduction to Mergers and Acquisitions: Firm Diversification DownloadThe Financing Decision by Firms: Impact of Dividend Policy on Value DownloadSecurity Pricing and Security Analysis in an Efficient Market Download The staff at Harvard Business School has taken Dr. Merton's notes, many of them handwritten, from over twenty years of teaching Finance at the graduate level, and have assembled a downloadable PDF file for PRMIA members."Dr. Merton's choice to give these notes to PRMIA members is a very generous act. They are classic notes of finance theory, having influenced hundreds of today's academicians and practitioners," noted David R. Koenig, Chair of PRMIA's Board of Directors. "We are deeply indebted to Linda Arricale and the staff at Harvard Business School, for their significant donation of time and talent in compiling this material, making it accessible to PRMIA's global membership."Members of PRMIA's Academic Advisory Council and Education and Standards Committee also helped with the assembly of the materials. Our thanks go to Krzysztof Jajuga (Poland), Paul Glasserman (US), Jorge Galindo-Flores (Mexico), Zvi Wiener (Israel), Nawal Roy (US), Claus Madsen (Denmark) and Elias Demetriades (US) for their help.

thanks.

PRM, I think.

I cleared FRM but had a look at the PRM handbook recently and found it is much more quantitative than FRM. Also, PRM is better connected with the industrial network than FRM (does not mean getting a job would be lot easier). FRM does not award any certificate till 2 years of professional experience unlike PRM (where you get it immediately). I think I am going to try PRM now since I can take the test on any day. At the same time I suspect clearing all these ceritificates is going to be of any advantage, might as well do a PhD or if not an M.A in statistics part time with focus on Finance in the thesis part.Will definetly get better opportunities. What say?

i would also prefer PRM over FRM

FRM is a low hanging (yet respected) fruit, I recommend it to anyone who does not yet have CFA or comparable credential to spice up his resume.I have never heard of the PRM exam until this thread came about. It may be thougher, but does that make it better? Think about it: Risk management is very very boring and neither FRM or PRM will move you up to the top of the food chain. Go get your CFAs.

QuoteOriginally posted by: Gmike2000FRM is a low hanging (yet respected) fruit, I recommend it to anyone who does not yet have CFA or comparable credential to spice up his resume.I have never heard of the PRM exam until this thread came about. It may be thougher, but does that make it better? Think about it: Risk management is very very boring and neither FRM or PRM will move you up to the top of the food chain. Go get your CFAs. Think about it: Risk management is very very boringYeah, you should try to do that. Think. This is a quant finance forum jackass.

QuoteOriginally posted by: Gmike2000FRM is a low hanging (yet respected) fruit, I recommend it to anyone who does not yet have CFA or comparable credential to spice up his resume.I have never heard of the PRM exam until this thread came about. It may be thougher, but does that make it better? Think about it: Risk management is very very boring and neither FRM or PRM will move you up to the top of the food chain. Go get your CFAs.I have never heard of the PRM exam until this thread came about.Never mind Merton, Glasserman and Carol, when idiots like you haven't "heard about it" .......that might be just the best sell for the PRM.

QuoteOriginally posted by: cryptic26I cleared FRM but had a look at the PRM handbook recently and found it is much more quantitative than FRM. Also, PRM is better connected with the industrial network than FRM (does not mean getting a job would be lot easier). FRM does not award any certificate till 2 years of professional experience unlike PRM (where you get it immediately). I think I am going to try PRM now since I can take the test on any day. At the same time I suspect clearing all these ceritificates is going to be of any advantage, might as well do a PhD or if not an M.A in statistics part time with focus on Finance in the thesis part.Will definetly get better opportunities. What say?I say yes. The Handbook is excellent. Not only is it good with the theory (very readable), but the Excel examples are super. Cholesky decomposition to Option Pricing - everything is worked out in the Excel examples.I have Benninga's Modelling book lying around here somewhere and I regret shelling out the $100 bucks on that. Correlation between the masters (MFE, etc) and PRM is MUCH higher than any other credential. Also Berkeley MFE Director Kreitzman is on the PRMIA Acdemic Board.Lastly, CFA 15-20 yrs back was small potatoes. Look at it now.PRMIA focuses on a niche industry, so it will not be as big as AIMR, but it will be the designation of choice in RM, that's for sure.

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Hey Dani, I do not appreciate you calling me an idiot. I have worked for years in quant finance and developed risk analytics at my firm from the grounds up...the PRN is nothing but a small recap of what people do in grad school (not MBAs). Do you think I am impressed by the names of the people who designed this exam? Some of them were actually my professors in grad school. Some of my other professors are even more famous than that.Why don't you go back to your study hall and finish your midterms first. If you like you can me your resume and we can discuss whether YOU are suited for real quant finance after you finish college, f*cking dickhead.

Dani, I am a bit curious now. Seems like you are a Berkeley graduate or doing MFE at Berkeley now. which is true?

QuoteOriginally posted by: Gmike2000Hey Dani, I do not appreciate you calling me an idiot. I have worked for years in quant finance and developed risk analytics at my firm from the grounds up...the PRN is nothing but a small recap of what people do in grad school (not MBAs). Do you think I am impressed by the names of the people who designed this exam? Some of them were actually my professors in grad school. Some of my other professors are even more famous than that.Why don't you go back to your study hall and finish your midterms first. If you like you can me your resume and we can discuss whether YOU are suited for real quant finance after you finish college, f*cking dickhead.well, Mr "Big Swinging Risk Analytics Dick" let's go back and read you posts. You have worked as a Quant developing risk analytics, oh, wait, started it from the ground up you say, but, you find find risk mgmt "very very boring". Now how much credibility does one have after making such a statement ? In any case, I am done with this thread. Good Luck to all.