Ace the Energy Risk Professional (GARP) Exam
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Brief Introduction
Certified Exam Preparation Provider by GARPDescription
"In this time of great uncertainty, earning the ERP professional designation is an ideal way for candidates to distinguish themselves" - Businesswire (A Berkshire Hathaway company)
Energy - More important than ever right now!
Some economists say that the GDP of a country is directly proportional to its energy consumption. The global population is predicated to reach nearly 10 billion people by 2050. This will put high requirements on the demand for energy globally, requirements for leaner and more efficient supply chains, a push towards a diversified energy portfolio mix and stricter environmental and regulatory control. The impact would be a spurge in need for specialists having deep domain knowledge within the energy space to help our precious blue planet face some of its biggest energy challenges and hopefully help us transition into the "new-energy" age.
Course Overview:
The course is specifically designed to impart you with the fundamental concepts to thrive and succeed in banking, commodity and energy companies and most importantly, help you clear the ERP - Exam in your first attempt. I have attempted to simplify and break down complex concepts into easy digestible pieces to ensure maximum learning is transitioned to you, in an entertaining manner.
The focused cheat sheets will make you be exam ready and well prepared. The wide range of questions in the form of quizzes (multiple choice questions) aligned to the GARP - ERP exam format will assist in consolidating your knowledge and give you an idea on the topics you need to better focus on. Lastly, I talk to industry professionals from a wide range of backgrounds within energy and upload them in the form of podcasts. You get access to those as well in this course.
This course is Certified by GARP as an ERP Exam Preparation Provider.
So come, join hands with me and let's partner together to help you clear the ERP 2020 exam! I wish you all the luck in the world and hope you clear it in the first attempt :)
What you get with the course:
All the fundamental core concepts you need to ace the exam
250+ Practice Quiz Questions - aligned to the GARP - ERP paper pattern
7 revious years GARP Practice Papers - Practice Makes Perfect! Know your topics of strength and weakness before attacking the exam!
Formulas with working Excel Spreadsheets - better grasp how they work when variables are changed.
Consolidated links to important learning materials available online - all required help in one place.
One Stop Shop for all your ERP Queries - via other participants on this course who passed the exam and myself of course
Access to Energy Podcasts within the course - Meet the professionals from various backgrounds.
100+ Must Know Fundamental Terminologies - speak like an Energy Risk Professional
Core concepts covered in this course:
ERP - Part 1 - Physicals
Hedging, Speculation and Arbitrage
Risks involved in energy trading
Crude Oil Value Chain
What the hell is "Dated Brent" ?
Natural Gas Value Chain
Power Value Chain
Power Trading - Calculating the clearing price
Coal Value Chain
Price Reporting Agencies
Agro Value Chain (Bonus)
122 practice questions for ERP - Part 1
ERP - Part 2 - Financials
Forwards and Futures
Energy Commodity Options
Black Scholes Option Pricing
Costless Collar Hedging Strategies
The Brent Complex and Brent CFD
Cross Hedging Strategies
Energy Swaps
Valuation of Energy Swaps
Energy Exchanges and Trade Mechanisms
Exchange Futures for Physicals (EFPs)
PnL, VaR and CFaR
142 practice questions for ERP - Part 2
Post registering, click on the "resources" button provided by Udemy under each lecture to open the cheat sheets, presentation and ready made excel formula sheets for you to leverage.
Course Updates
19th July 2020 - Audio issue fixed for 3 lectures on power value chain
27th Sep 2020 - Added the ERP - (Part 1) Exam - 2020 GARP Practice Paper.
29th Sep 2020 - Added the ERP - (Part 1) Exam - 2019 GARP Practice Paper.
1st Oct 2020 - Added the ERP - (Part 1) Exam - 2018 GARP Practice Paper.
1st Oct 2020 - Added the ERP - (Part 1) Exam - 2017 GARP Practice Paper.
Benefits of clearing the GARP - ERP Exam: (my experience)
1. You get your "foot in the door" in energy companies and create a path for a lucrative, challenging and fulfilling career
2. You get to join a network of renowned industry experts in the field of energy, risk and trade finance
3. GARP - ERP's are employed by almost all of the biggest energy companies globally
4. Gain deeper knowledge and inner-workings of an energy firm
5. Once certified, you clearly stand out from the competition and make an excellent first impression
6. Gives your career a significant boost in terms of both your role and financial value
7. Join the prestigious ERP community of over 1400+ professionals spread across 70+ countries
8. The exam curriculum is designed by leading energy market practitioners ensuring you are well prepared with the current challenges of the energy industry
9. Your CV instantly stands apart from other candidates applying for the same job
Important GARP Notifications
Upcoming ERP Exam Date: MAY 2021. *Based on your geography, this could be postponed to another date due to COVID. Please check GARP ERP website for details.
ERP Exam Part I – 80 Questions - 4 hours
The ERP Exam Part I evaluates practical, real-world knowledge about the operation of physical energy commodity markets, including the interconnection between production, processing, transport, storage, and distribution of crude oil, refined products, natural gas, LNG, coal, electricity, and renewable generation
The ERP Exam Part II - 80 Questions - 4 hours
Builds on concepts from the Part I Exam, emphasizing the understanding and application of energy derivatives and how they are applied to effectively mitigate risk. Core concepts such as energy price modeling techniques, and the assessment of market, credit, and operational risk associated with commercial operations are covered from a practical energy market perspective.
There are no penalties for wrong answers.
Passing scores are determined by the Energy Oversight Committee. Exam results are pass/fail and are emailed approximately six weeks after the exam. Candidates will receive quartile results comparing their performance to other candidates.
May 2021 onwards - All exams will be via online assessment.
Starting in May 2021, all ERP Exams will be administered via computer-based testing (CBT), providing candidates with a convenient and secure test-taking experience. Exams will be offered at an extensive group of testing centers around the world. Registration for May 2021 Exams opens on December 1, 2020.
Path to become a certified ERP:
1. Pass the ERP Part 1 and Part 2 Exam
2. Demonstrate 2 years of relevant work experience - This is done by sharing your CV with GARP and assess your relevant role in the energy sector
3. Maintain you credentials via the Continuous Professional Development Program via your existing GARP membership account.
Course Disclaimer:
1. This is a beginner level course and not designed for advanced industry experts. However, post registering, you get access to our community of over 400+ ERP candidates (many of whom are now ERP professionals!). You can leverage this community for interactions or advance queries through this platform.
2. Sometimes the audio volume tends to get low (my apologies in advance). I urge you to use headphones and after that, it should be perfectly audible. In case you still face issues, just drop me a mail and I will assist you on the same.
3. Honest and transparent participant feedback on the Udemy course platform. You may probably not find this anywhere else on the internet.
GARP Disclaimer
GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by this Udemy course of GARP Exam related information, nor does it endorse any pass rates that maybe claimed in this Udemy course. Further, GARP is not responsible for any fees or costs paid by the user towards attending this online course nor is GARP responsible for any fees or costs of any persons or entity providing any service to this Udemy course. ERP, FRM, GARP and Global Association of Risk Professionals, in standard character or italics form, are trademarks owned by the Global Association of Risk Professionals, Inc.
Requirements
- Requirements
- Proficiency in the English Language.
Knowledge
- Master the fundamental core concepts you need to ace the exam
- 120+ practice questions for ERP - Part 1
- 140+ practice questions for ERP - Part 2
- 4 ERP - (Part 1) historical practice papers
- 2 ERP - (Part 2) historical practice papers
- 100+ must know fundamental terminologies to help you speak like an Energy Risk Professional
- Provide real world examples and case studies during interviews
- Outshine the competition by demonstrating deep understanding of the energy markets
- Formulas with working excel spreadsheets - better grasp how they work when variables are changed.
- One stop shop for all your ERP Queries
- Access to energy podcasts - Meet the industry professionals and hear their stories
Chirag Ahuja
3.8 Raiting
Ace the Energy Risk Professional (GARP) Exam
- 3.8
-
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Certified Exam Preparation Provider by GARP Energy - More important than ever right now! Some economists say that the GDP of a country is directly proportional to its energy consumption....
