FRM Part I Formula Sheet PDF | Errors And Residuals | Variance

The FRM Part 1 curriculum is divided into four main areas, with heavy formula requirements in the latter three: FRM & CFA by Falcon Edufin

Mastering the Financial Risk Manager (FRM) Part 1 exam requires more than just high-level understanding; it demands a precise grasp of the mathematical tools used to quantify and manage risk. Since the Global Association of Risk Professionals (GARP) does not provide a formula sheet during the exam, candidates must internalize dozens of complex equations.

While GARP usually provides the massive formula for $d_1$ and $d_2$, you should memorize the structure of the call and put options. $$c = S_0 N(d_1) - Ke^-rTN(d_2)$$ $$p = Ke^-rTN(-d_

In this comprehensive guide, we will explore the importance of formula sheets, break down the essential formulas you need to know, and provide a strategy for mastering the quantitative aspects of the FRM Part 1 exam.

Printed PDFs are better than digital notes for active recall. Cover the right column of the sheet, try to write the formula from memory, then check. This is the most powerful memorization technique known.

Produces an intensive, highly mathematical formula sheet covering every nuance, including rarely-tested extensions. Great for candidates aiming for top quartile.