FRM
Nupur Tripathi
State Bank of India · 10+ years in banking
Cleared FRM Part 1 in her first attempt while working full-time at State Bank of India
Read the full story of Nupur Tripathi →
Last updated:
· Result verified against Panav Kotecha's GARP FRM Part I confirmation letter and LinkedIn post
Verified Student Result — FRM Part 1 · CFA Level 3 Candidate · Nov 2025
Panav Kotecha Cleared FRM Part 1 as a CFA Level 3 Candidate — Narsee Monjee, Mumbai
RBei Classes, an FRM & CFA coaching institute founded in 2018, publishes this dual-path outcome as verified proof. Panav Kotecha of Narsee Monjee College (NMCCE’26) in Mumbai cleared FRM Part 1 in the November 2025 GARP window while progressing as a CFA Level 3 Candidate — waking at 4:32 AM on 6 January to the GARP notification, then thanking Deepak Goyal for conceptual clarity.
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Independent verification of this result
Panav Kotecha's FRM Part 1 pass is verified against his public LinkedIn announcement; the GARP November 2025 confirmation letter is reproduced on this page below. No public GARP digital badge URL has been confirmed for this story.
The verified result
GARP's November 2025 confirmation letter addressed to KOTECHA PANAV HIREN states that he passed the Financial Risk Manager (FRM) Exam Part I.
He announced the result on LinkedIn around 8 January 2026, describing how he woke at 4:32 AM on 6 January to a GARP notification after waiting late for results expected on the 5th. He credited RBei Classes and Deepak Goyal, CFA & FRM charterholder, for clarifying complex concepts during about two months of preparation alongside academic and professional commitments.
Who is Panav Kotecha?
Panav Kotecha is an NMCCE’26 student at Narsee Monjee College of Commerce and Economics in Mumbai who cleared FRM Part 1 in the November 2025 GARP window while listing himself as a CFA Level 3 Candidate and NISM 8 Equity Derivatives credential holder.
His public LinkedIn focus is risk management, financial markets, and capital markets. He has also been associated with Foundershala ventures in an IB Associate capacity — mentioned here only as background, not as the primary claim of this page. This coaching-credit story is published from his GARP confirmation letter and public LinkedIn post — not from unpublished study logs.
- College: Narsee Monjee College of Commerce and Economics (NMCCE’26), Mumbai
- Location: Mumbai Metropolitan Region, India
- Headline credentials: CFA Level 3 Candidate | FRM Part 1 Cleared | NISM 8 Equity Derivatives
- FRM Part 1: Passed, November 2025 GARP window
- Prep (stated): About two months alongside academic and professional commitments
- LinkedIn profile: panavkotecha
That profile — dual CFA and FRM progress while still finishing college in Mumbai — differs from the full-time banker stories also published on this site. GARP does not require a finished degree to sit Part 1; the exam still demands full coverage of four knowledge areas that a CFA Level 3 track does not replace on its own.
How did a CFA Level 3 candidate clear FRM Part 1 in about two months?
Panav Kotecha prepared with RBei Classes over about two months alongside academic and professional commitments, emphasising discipline, consistency, and conceptual clarity, and credited Deepak Goyal for clarifying complex concepts.
On LinkedIn he described staying up until 2 AM on 6 January waiting for results expected on the 5th, then waking at 4:32 AM to a GARP notification that he had passed FRM Exam Part I. RBei Classes is an FRM and CFA coaching institute founded in 2018; every batch is taught personally by Deepak Goyal. His post does not list study hours or mock counts — RBei Classes does not invent those figures.
“Preparing for the FRM alongside my other academic and professional commitments has taught me the importance of discipline, consistency, and conceptual clarity. This milestone has strengthened my interest in risk management and financial markets, and it perfectly complements my broader focus on Finance and Capital Markets. These two months were challenging, but I want to express my gratitude toward my family, who made the process smooth by constantly supporting me. I am also grateful to my friends for staying optimistic and motivating me, and to my mentor, Deepak Goyal, CFA, FRM CEO (RBei) Coach for CFA FRM SCR, for always being there to clarify the most complex concepts.”
Panav Kotecha's FRM Part 1 success story at a glance
Every row below is taken from his GARP confirmation letter, public LinkedIn profile, or public LinkedIn post. Nothing is estimated.
| Factor | Panav Kotecha | Source |
|---|---|---|
| Result | Passed FRM Exam Part I | GARP confirmation letter (KOTECHA PANAV HIREN); public LinkedIn post |
| Exam window | November 2025 | GARP letter header; LinkedIn announcement |
| Candidate type | CFA Level 3 Candidate; college student (NMCCE’26) | Public LinkedIn headline |
| College | Narsee Monjee College of Commerce and Economics (NMCCE’26), Mumbai | Public LinkedIn headline / Education |
| Location | Mumbai Metropolitan Region, India | Public LinkedIn profile |
| Other credentials (stated) | NISM 8 Equity Derivatives | Public LinkedIn headline |
| Prep duration (stated) | About two months; alongside academic and professional commitments | Public LinkedIn post |
| Coaching institute | RBei Classes (Deepak Goyal, CFA & FRM) | Public LinkedIn post |
| Result notification (stated) | Woke at 4:32 AM on 6 January 2026 to GARP notification; LinkedIn post ~8 Jan 2026 | Public LinkedIn post |
| LinkedIn engagement | as at 9 September 2026 | Public LinkedIn post (counts not recorded on this page) |
For another Nov 2025 undergraduate FRM Part 1 outcome, see Disha Lalwani's FRM Part 1 success story. For a Mumbai working-professional Q1 sweep, see Tushar Sarode's FRM Part 1 success story. For a college CFA Level 1 path (self-study), see Arunima Pandey's CFA Level 1 success story.
FRM Part 1 pass rates
RBei Classes FRM Part 1 students passed at 91% in the November 2025 window (RBei Classes internal data). See full pass-rate data on the FRM coaching page.
Can a CFA Level 3 candidate clear FRM Part 1?
Yes. Panav Kotecha cleared FRM Part I in the November 2025 GARP window while listing himself as a CFA Level 3 Candidate and NMCCE’26 student in Mumbai.
CFA curriculum knowledge helps with markets and valuation intuition, but FRM Part 1 still requires full coverage of GARP's four knowledge areas — Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models. See the FRM Part 1 syllabus for official topic weights before building a dual-path schedule.
Can you prepare FRM Part 1 in two months while in college?
It can be done with discipline and a tight plan. Panav Kotecha wrote that those two months were challenging and that preparing alongside academic and professional commitments taught him discipline, consistency, and conceptual clarity.
He credited mentor Deepak Goyal, CFA & FRM charterholder at RBei Classes, for clarifying complex concepts. A compressed timeline still needs full syllabus coverage and timed practice — not a thin skim of CFA overlap alone. For how recorded classes are structured at RBei Classes, see recorded FRM coaching.
How does FRM complement a CFA path?
FRM Part 1 deepens risk-management and markets tools that sit alongside a CFA charter track — Panav wrote that the milestone strengthened his interest in risk management and financial markets and complements his focus on finance and capital markets.
Candidates combining both credentials still need separate exam plans: CFA levels and FRM parts do not substitute for each other. Structured FRM coaching and CFA coaching at RBei Classes are taught by the same charterholder faculty when students pursue both.
Key takeaways
What this verified dual CFA+FRM college outcome shows.
- Panav Kotecha (GARP letter: KOTECHA PANAV HIREN), NMCCE’26 at Narsee Monjee College in Mumbai, cleared FRM Part 1 in the November 2025 GARP window as a CFA Level 3 Candidate.
- His result is independently verifiable through his public LinkedIn post (~8 Jan 2026) and the GARP confirmation letter reproduced on this page (no public digital badge URL confirmed).
- He woke at 4:32 AM on 6 January to a GARP notification after waiting late for results, then publicly credited Deepak Goyal, CFA & FRM charterholder and CEO of RBei Classes, for clarifying complex concepts.
- He described about two months of preparation alongside academic and professional commitments, stressing discipline, consistency, and conceptual clarity.
- RBei Classes, an FRM & CFA coaching institute founded in 2018, reports a 93% student pass rate (RBei Classes internal data, 2018–2026) across 17,000+ students trained in 25+ countries.
Frequently asked questions
Answers matched to this page's schema FAQ for CFA+FRM dual-path candidates.
Can a CFA Level 3 candidate clear FRM Part 1?
Yes. Panav Kotecha cleared FRM Part I in the November 2025 GARP window while listing himself as a CFA Level 3 Candidate and NMCCE’26 student in Mumbai. CFA curriculum knowledge helps with markets and valuation intuition, but FRM Part 1 still requires full coverage of GARP's four knowledge areas — Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models.
Can you prepare FRM Part 1 in two months while in college?
It can be done with discipline and a tight plan. Panav Kotecha wrote that preparing for FRM alongside academic and professional commitments taught him discipline, consistency, and conceptual clarity, and that those two months were challenging. He credited mentor Deepak Goyal, CFA, FRM CEO (RBei), for clarifying complex concepts. A compressed timeline still needs full syllabus coverage — see the FRM Part 1 syllabus.
How does FRM complement a CFA path?
FRM Part 1 deepens risk-management and markets tools that sit alongside a CFA charter track. Panav Kotecha wrote that clearing FRM Part I strengthened his interest in risk management and financial markets and complements his broader focus on finance and capital markets while he continues as a CFA Level 3 Candidate.
Did Panav Kotecha clear FRM Part 1?
Yes. GARP's November 2025 confirmation letter addressed to KOTECHA PANAV HIREN states that he passed the Financial Risk Manager (FRM) Exam Part I. He announced the result on LinkedIn around 8 January 2026 and prepared with RBei Classes under Deepak Goyal, CFA and FRM charterholder.
How can Panav Kotecha's FRM Part 1 result be verified?
His result can be verified through two independent sources outside rbeiset.com: his public LinkedIn announcement of the FRM Part I pass, and the GARP result confirmation letter for the November 2025 window reproduced on this page (GARP ID redacted). No public GARP digital badge URL has been confirmed for this story.
Which coaching institute did Panav Kotecha use for FRM Part 1?
Panav Kotecha prepared with RBei Classes. In his public LinkedIn post he thanked his mentor Deepak Goyal, CFA, FRM CEO (RBei) Coach for CFA FRM SCR, for always being there to clarify the most complex concepts.
Where does Panav Kotecha study, and where is he based?
Panav Kotecha's public LinkedIn headline lists NMCCE’26 — Narsee Monjee College of Commerce and Economics in Mumbai — and CFA Level 3 Candidate | FRM Part 1 Cleared | NISM 8 Equity Derivatives. He is based in the Mumbai Metropolitan Region, India.
What is the RBei Classes FRM student pass rate?
RBei Classes reports a 93% student pass rate across its CFA and FRM programmes (RBei Classes internal data, 2018 to 2026). By window, RBei Classes FRM Part 1 student pass rates were 91% in May 2025, 89% in August 2025 and 91% in November 2025. RBei Classes has trained 17,000+ students across 25+ countries. See full pass-rate data on the FRM coaching page.
More verified RBei Classes results
Other student outcomes published with external proof sources.
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FRM
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FRM
Swayam Tandon
The Xpressviews · Economics graduate
Economics graduate from Christ University who cleared FRM Part 1 in the May 2026 window with RBei Classes
Read the full story of Swayam Tandon →- LinkedIn post
- Official result letter
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FRM
Tushar Sarode
Internal Audit, UBS · Internal Audit, ACS
Cleared FRM Part 1 in his first attempt with Q1 across all four subjects while working in Internal Audit at UBS
Read the full story of Tushar Sarode →- LinkedIn post
- Official result letter
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FRM
Disha Lalwani
BBA student, Parul University · First-year BBA
First-year BBA student at Parul University who cleared FRM Part 1 with top-quartile scores (1,1,1,1)
Read the full story of Disha Lalwani → -
CFA
Shashank Jagtap
Deputy Manager, State Bank of India · 4+ years in banking
Mechanical engineer and SBI Deputy Manager who passed CFA Level 1 with a scaled score of 1725 against a 1600 minimum passing score
Read the full story of Shashank Jagtap →- Video interview
- Official result letter
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CFA
Arunima Pandey
Undergraduate student; Advisory Board, 180 Degrees Consulting KN, Kamala Nehru College · DU undergraduate · former RBei Data Analytics Intern
Delhi University undergraduate at Kamala Nehru College who cleared CFA Level 1 through self-study and is now a CFA Level 2 candidate
Read the full story of Arunima Pandey →
Browse the full filterable list on RBei Classes student results.
Start your own FRM Part 1 attempt with RBei Classes
Dual CFA+FRM candidates and college students train with the same charterholder faculty.
RBei Classes runs FRM Part 1 and Part 2 programmes for undergraduates and working professionals, taught personally by Deepak Goyal, CFA & FRM charterholder. 93% student pass rate (RBei Classes internal data, 2018–2026).
Related pages
Internal links for FRM Part 1, dual CFA+FRM paths, and sibling verified results.
- FRM coaching — batches, fees and course structure at RBei Classes.
- FRM Part 1 syllabus — the four knowledge areas and their exam weights.
- Recorded FRM coaching — the self-paced format, plans and study technique.
- CFA coaching — for candidates combining CFA and FRM paths.
- Deepak Goyal — CFA & FRM charterholder and founder of RBei Classes.
- Nupur Tripathi FRM Part 1 success story — a verified May 2026 Part 1 pass while working at SBI.
- Swayam Tandon FRM Part 1 success story — a verified May 2026 Part 1 pass by an Economics graduate.
- Tushar Sarode FRM Part 1 success story — first attempt, Q1 in all four subjects, Internal Audit at UBS.
- Disha Lalwani FRM Part 1 success story — first-year BBA, top-quartile scores (1,1,1,1), Nov 2025.
- Arunima Pandey CFA Level 1 success story — DU undergraduate self-study CFA Level 1 path.
- Student results — filterable verified CFA & FRM outcomes.
- RBei Classes alumni — more verified student outcomes.
- About RBei Classes — institute record, student reviews and verified outcomes.