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  #1  
Old 06-26-2013, 05:20 PM
chaotic general chaotic general is offline
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Default QFI Advanced

Has anyone started studying for QFIA? I began reading the book Interest Rate Models - Theory and Practice, and boy is this textbook hard to follow. The math is beyond what I've seen before. I think I need to take a course in stochastic calculus to follow it. I'm hoping a study manual can explain it better. Any advice for tackling this book?
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Old 06-26-2013, 05:31 PM
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Colymbosathon ecplecticos Colymbosathon ecplecticos is offline
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Originally Posted by chaotic general View Post
Any advice for tackling this book?
Learn the prerequisites?
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Old 06-26-2013, 08:35 PM
concactu concactu is offline
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I read this book a couple of years ago while in grad school. I highly recommend it as a reference book to have in your personal library. It's actually geared more towards practitioners, which explains the lack of derivations. To get the most from the book, it definitely helps to have a solid understanding of stochastic calculus. However, as far as this exam goes, I'm sure you could get by with understanding the basics. If you find yourself lacking some of the math background, I'd suggest avoid trying to get bogged down on the details and focus more on the general ideas for your first pass. After all, all study manuals just present a superficial understanding of the material anyways. I definitely will not be focusing on the particular equations, of which there are way too many, but rather on the general theory presented.

Last edited by concactu; 06-26-2013 at 10:06 PM..
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Old 06-29-2013, 08:41 AM
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The material is challenging. The PAK study manual strives to break it down and make it comprehensible to follow. You can see a sample on our website, or ask me any question.
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Old 06-29-2013, 05:02 PM
Patriot Patriot is offline
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Originally Posted by Colymbosathon ecplecticos View Post
Learn the prerequisites?
Exactly!
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Old 07-08-2013, 08:36 AM
wangwwzj wangwwzj is offline
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Quote:
Originally Posted by chaotic general View Post
Has anyone started studying for QFIA? I began reading the book Interest Rate Models - Theory and Practice, and boy is this textbook hard to follow. The math is beyond what I've seen before. I think I need to take a course in stochastic calculus to follow it. I'm hoping a study manual can explain it better. Any advice for tackling this book?
i'm reading this book these days and find it is a bit hard.

how much do you read everyday ? Chaotic
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Last edited by wangwwzj; 08-19-2013 at 12:22 AM..
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  #7  
Old 07-12-2013, 01:59 PM
concactu concactu is offline
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Passed FETE! Have to put together a plan for QFI advanced now. I started some light reading last week and covered half of Brigo material and the Rebonato stuff. Debating whether to go with source material only for this sitting. While the manuals were helpful for FETE, it was also fustrating dealing with errors and incomplete explanation. I relied probably 60% on source material anyways. Since there was so little time to prepare the manuals for this next sitting, I'm concerned the quality may not be great.

What are everyone else's plans?
Eddy, when do you plan to release study schedule?
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  #8  
Old 07-12-2013, 05:43 PM
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Congrats on your passing FETE!
That is awesome.

the QFIA schedule is coming out early next week.
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  #9  
Old 07-17-2013, 06:08 PM
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I just received the texts and the PAK study guide. While I am a little bummed that I didn't pass APM, I am happy that the volume of material has decreased. It also looks like there could be more calculation coming on this exam, but that one is anybody's guess since we have no past exams to gage from.
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