Financial Risk Manager Handbook 2001-2002 (Wiley Finance) [Paperback]

Philippe Jorion (Author)

Book Description

ISBN-10: 0471093726 | ISBN-13: 978-0471093725 | Publication Date: July 26, 2001 | Edition: 1

The definitive guide to acing the GARP FRM Exam
The Financial Risk Management Exam (FRM Exam) was developed by the Global Association of Risk Professionals (GARP) as a means of establishing an industry standard of minimum professional competence in the field. It is given annually in November for risk professionals who want to earn FRM certification. Authored by renowned financial risk management guru Phillipe Jorion, with the full support of the GARP, this is the definitive instruction manual for those preparing to take the FRM Exam. With the help of questions (and solutions) taken from previous exams, Jorion coaches readers on quantitative methods, capital markets, and market credit, operational, and risk management concepts and assessment techniques. In addition to being the indispensable guide for those aspiring to FRM certification, Financial Risk Manager Handbook will also serve as a valued working reference for risk professionals.
Phillipe Jorion, PhD (Irvine, CA), is a Professor of Finance at the Graduate School of Management at UC Irvine. He has also taught at Columbia University, Northwestern University, the University of Chicago, and the University of British Columbia.

Editorial Reviews

From the Back Cover

Risk professionals looking to earn Financial Risk Manager (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. Presented in a clear and consistent fashion, this book is the best way to prepare for the Financial Risk Manager (FRM) exam and has become the core text for risk management training programs worldwide.

This definitive guide supports candidates studying for GARP's annual FRM exam and prepares you to assess and control risk in today's rapidly changing financial world. The 2001-2002 edition outlines the essentials of financial risk management by covering such topics as quantitative methods, capital markets, and credit, operational, market, and integrated risk management.

With the FRM exam fast becoming an essential requirement for risk managers around the world, the Financial Risk Manager Handbook focuses on practical financial risk management techniques and solutions that are emphasized on the test. Questions from previous exams are explained through tutorials so that you may prepare yourself or your employees for this comprehensive exam and for risk management scenarios you will face at some point in your career.

About the Author

PHILIPPE JORION is Professor of Finance at the Graduate School of Management 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. Jorion is Editor of the Journal of Risk and is on the editorial board of a number of other financial journals. In 1999, he won the Smith Breeden Prize and the William F. Sharpe Award for Scholarship in Financial Research. He has written 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.

Product Details

• Paperback: 832 pages
• Publisher: Wiley; 1 edition (July 26, 2001)
• Language: English
• ISBN-10: 0471093726
• ISBN-13: 978-0471093725
• Product Dimensions: 10.9 x 8.3 x 1.6 inches
• Shipping Weight: 4 pounds
• Average Customer Review: 2.7 out of 5 stars  See all reviews (16 customer reviews)
• Amazon Best Sellers Rank: #3,091,192 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

8 of 8 people found the following review helpful:

1.0 out of 5 stars DISAPPOINTED, November 8, 2001

By 

DC (Hong Kong) - See all my reviews

This review is from: Financial Risk Manager Handbook 2001-2002 (Wiley Finance) (Paperback)

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.

10 of 11 people found the following review helpful:

1.0 out of 5 stars How not to write a book, August 26, 2001

By 

Syed Moiz (Canada) - See all my reviews

This review is from: Financial Risk Manager Handbook 2001-2002 (Wiley Finance) (Paperback)

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.

6 of 6 people found the following review helpful:

1.0 out of 5 stars Probably the worst book ever written for a risk mgmt exam..., November 1, 2002

By 

"oestereich1" (Europe) - See all my reviews

This review is from: Financial Risk Manager Handbook 2001-2002 (Wiley Finance) (Paperback)

Very interesting to see that the most ratings for the Jorion book are either 5 stars or 1 star. I have no idea why one should rate this book with 5 stars - but so many reasons why to rate it with one star:

- it is full of errors
- it is written in a very strange and unstructured fashion
- it is difficult to read
- Explanations are poor
- the layout is horrible (the 80ies do-it-yourself desktop publishing style)

Unfortunately, this is the major book for the FRM exam - some questions will relate to some irrelevant footnotes from the Jorion book for sure.... So a lot of people studying for the exam will continue to waste a lot of time with this book....

Once upon a time, a guy called Phillipe J. wrote a book about Value at Risk at exactly the right moment and became famous. Since then, people like to ask him to hold presentations at conferences (his charts there have the same quality as the charts in the book, his presentation techniques are extremely disappointing), they like to publish his papers (well, probably comparable to the quality of the book), they like to ask him to be on the board for important exams like the FRM exam. Probably this was all too much...