Product Description

An essential guide to financial risk management and the only way to get a great overview of the subjects covered in the GARP FRM Exam

The Financial Risk Management Exam (FRM Exam) is given by the Global Association of Risk Professionals (GARP) annually in November for risk professionals who want to earn FRM(r) certification. The Financial Risk Manager Handbook, Fourth Edition is the definitive guide for those preparing to take the FRM Exam as well as a valued working reference for risk professionals. Written with the full support of GARP, and containing questions and solutions from previous exams, this book is a valuable resource for professionals responsible for or associated with financial risk management.

Product Details

• Amazon Sales Rank: #575437 in Books
• Published on: 2007-06-15
• Original language: English
• Number of items: 1
• Binding: Paperback
• 736 pages

From the Back Cover
The essential reference for financial risk management

Risk professionals looking to earn the Financial Risk Management (FRM®) certification, corporate training programs, professors, and graduate students all rely on the Financial Risk Manager Handbook for the most comprehensive and up-to-date information on financial risk management.

Filled with in-depth insight and practical advice, the Financial Risk Manager Handbook is the core text for risk management training programs worldwide. Presented in a clear and consistent fashion, this completely updated Fourth Edition—which comes with an interactive CD-ROM containing hundreds of multiple choice questions from previous FRM exams—is one of the best ways to prepare for the Financial Risk Manager (FRM) exam.

Financial Risk Manager Handbook, Fourth Edition supports candidates studying for the Global Association of Risk Professional's (GARP) annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. Authored by renowned risk management expert Philippe Jorion—with the full support of GARP—this definitive guide summarizes the core body of knowledge for financial risk managers, covering such topics as:

• Quantitative methods

• Capital markets

• Credit, operational, market, and integrated risk management

• Investment management and hedge fund risk

• Relevant regulatory, legal, and accounting issues essential to risk professionals

The FRM is recognized as the world's most prestigious global certification program—created to measure a financial risk manager's capabilities. Since the FRM exam is an essential requirement for risk managers around the world, the Financial Risk Manager Handbook, Fourth Edition focuses on practical financial risk management techniques and solutions that are emphasized on the test—and are also essential in the real world. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for the risk management challenges you will undoubtedly face at some point in your career.

About the Author
Philippe Jorion is Professor of Finance at the Paul Merage School of Business at the University of California at Irvine. He holds an MBA and a PhD from the University of Chicago and a degree in engineering from the University of Brussels. Dr. Jorion has authored more than eighty publications—directed towards academics and practitioners—on the topic of risk management and international finance. He is on the editorial board of a number of financial journals and was editor of the Journal of Risk. He has won the Smith Breeden Prize for research, the William F. Sharpe Award for Scholarship in Financial Research, and the Graham and Dodd Scroll Award. He has written the first three editions of Financial Risk Manager Handbook (Wiley), as well as Financial Risk Management: Domestic and International Dimensions; Big Bets Gone Bad: Derivatives and Bankruptcy in Orange County; and Value at Risk: The New Benchmark for Managing Financial Risk.

Customer Reviews

Good enough for what it claims
The people who have written reviews primarily have gripes that they didn't pass. They must have thought the book was THE ONLY RESOURCE they would need. I used this book and I did pass the exam. It wasn't the only resource I used though.

The publishers of the book even claim that using only this book will not help you pass the exam. It is an OVERVIEW text. It is a primer to help you delve into the material. This book will not substitute the large amount of qualitative reading and equation memorization that you'll need to do in order to pass.

I give it a 4 mainly because the book does what it claims and because some of the more negative reviews are too far-fetched. Remember to buy the version that applies to your test year.

DISAPPOINTED
It is the worst book I have ever seen.
I passed both CFA and AICPA and familarize with those materials. I still find it difficult to follow. Not clear explaination, contradiction among arguments and wrong answers for the sample questions.
I am very disappointed.

How not to write a book
I bought this book to write the FRM exam. It is the worst possible written book that I have ever seen. Even the topics that I have a very good knowledge of (e.g. Duration, Convexity etc.) are written in such a disjointed fashion that I could not recognise them. The author uses symbols without describing them, the passages have no relevance to the examples which in turn cannot be connected to the solutions. It was a great disappointment. I wonder if anybody at GARP ever reviewed it before recommending it as a text for the FRM exam.