View Full Version : If you took both P and FM
August 16th 2007, 08:21 AM
Is P easier or FM?
August 16th 2007, 04:48 PM
Although I voted P, I feel it could go either way. As I've had a lot more experience with probability than finance, I found P easier but I imagine some feel FM is easier.
August 19th 2007, 11:41 PM
I voted for FM, but I took it when it was a 2 hour exam with no financial econ, and it had both a shorter syllabus and easier content. A lot of the problems can be solved by drawing a timeline and/or using the preset functions on your BA II plus, also no calculus is required except for the force of interest, which is rarely tested.
August 21st 2007, 12:09 AM
FM is all plug and chug. P requires thinking.
February 26th 2008, 02:04 PM
I agree, exam P required a lot more in the way of understanding. FM was more automatic. Much different material but if we were comparing apples to oranges, oranges (FM) wins in my book.
March 2nd 2008, 05:11 PM
I voted for exam P. Honestly...I think the material for exam FM was a lot simpler, except for the markets derivatives part. Exam P had too much variations. If it was just studying, I would say that FM is easier, but after taking the exams it seemed to me that exam FM was a lot harder than P.
March 2nd 2008, 07:11 PM
I voted for exam P. Honestly...I think the material for exam FM was a lot simpler, except for the markets derivatives part.
Really? I feel totally the opposite: Derivatives Markets parts are just a bonus so that I could get more marks in exam. I think this is a strong implication that whether or not P is easier, it depends on each individual.
I used to say that FM is much much easier than P. However, I don't now. There are many who passed FM at first try, yet failed P for many times, and there are also many who passed P at first try, yet failed FM for many times.
April 4th 2008, 01:05 AM
I took the new FM in Nov 07 & P in Feb 08.
My experience says that FM is much easier than P.
April 15th 2008, 03:34 PM
i voted for p since i passed it the 1st try 4 yrs after i graduated and i'm on my 4th stab at fm. i do see why some people say fm is easier. had i given it my all the 1st time i took fm (nov '06 before the change), i wouldn't have to keep trying to grasp the derivatives market info which is why i'm struggling now. :confused-:
June 12th 2008, 01:03 PM
I haven't found out if I passed FM yet (I passed P earlier this year and took FM in May), so if I failed FM, then, well, my vote would be for that as the harder exam. But based on how sure I was in passing one time expired for each exam, I felt more sure of passing FM than I did of passing P. What's more, I probably spent more time studying P than FM, even though I already knew a lot more about probability than financial math.
BTW, if I end up failing FM, I think it's going to be because of messing up the financial derivative questions, not the financial math questions, where I almost always got an answer that was a choice.
April 29th 2009, 08:41 PM
I voted for FM as easier. However, now that I think more about it, I'm not so sure. Each exam has its own difficulties.
P is hard because of calculus and setting up the problem right (right distribution, assumptions, etc.).
FM is hard because some problems have so many steps and calculations that you can easily make a mistake.
If there were an option for neither, that's what I should have voted for.
April 29th 2009, 09:26 PM
Most of my friends would vote for Fm as the easier exam.. I have passed P and will be taking FM next week, after next week i will be able to tell you my answer. Although FM is easier, FM has a higher passing mark as compared to P, you will need about at least 70% to pass FM
May 6th 2009, 06:51 PM
Whoever said FM was plug and chug and P involved thinking was certainly right. I found FM to be easier because for me, the FM problems were alot more straightforward. The FM basically tested how well you remember the steps on how to do a problem. There is no straightforward way to do probability problems, since most of them involve you thinking how you can apply what you know.
October 17th 2012, 03:55 PM
I hold a Masters in mathematics and have taught probability & statistics, so P/1 was mostly review for me. I would agree that FM/2 is easier mathematics, but it took me longer to learn all the new terminology... and it I didn't have all the necessary books already on my bookshelf.
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