Customer Reviews

Financial Risk Manager Handbook (Wiley Finance)

5 star:		(2)
4 star:		(1)
3 star:		(1)
2 star:		(1)
1 star:		(3)

 

 

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.

Jorion's book covers an enormous amount of material that will be useful for people practicing risk management. If readers of this book become proficient on the subjects it covers then it will be a building point for more focused books from Wiley and other publishers.

I have gone back to this book to review subjects in risk management that I am not required to know immediately in work situations. The questions that are included from the FRM exam are useful tests of your understanding after having read sections and are in need of a check to see what you have gained in knowledge.

This book cost me the FRM last year. I made it the center of my study program. The book's writing is atrocious; there are gaps in what is covered; and there are many errors and misstatements. I wasted six weeks struggling with this book. When I finally realized my mistake, it was too late to rescue my study program, and I failed the exam. I am very disillusioned with Jorion and GARP. This shoddy, overpriced paperback makes me think they are in it just for the money. This year, I have signed up for the CFA exam instead. So far, I have been very impressed with their study materials.

Jorion's book is indispensable (and, in my experience, sufficient) when preparing for the FRM exam; if you are taking it, think no more. An added bonus is the impressive number of typos and errors to test your knowledge :)

This book is not on the FRM reading list. The author already has one book for the GARP exam, and this one covers all the same material in much the same manner. There is little that is new here. It is just regurgitating the same stuff. The message seems to be that, if you can't make sense of his first book, you should shell out $100 to give him a second chance. Save your money. It is not worth it.

good to have a wide range of subjects in one handbook. it seems I don't need the other library for my everyday work

Not detail in explaining concepts
Too few numerical examples
Content far too simple to be a desktop ref. in the dealing rm.
Poor editing and formatting
90% similar to the earlier edition.

This book is sloppy and riddled with errors. Coverage of topics is uneven. The author delves into some subjects but tap dances around others. You don't need this book for the FRM. I don't recommend it.