Verified Student Result — FRM Part 1 · CFA Level 3 Candidate · Nov 2025
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.
100% free · No spam · Call +91 8583905853
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.
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.
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 This coaching-credit story is published from his GARP confirmation letter and public LinkedIn post — not from unpublished study logs.
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.
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.”
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.
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.
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.
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.
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.
What this verified dual CFA+FRM college outcome shows.
Answers matched to this page's schema FAQ for CFA+FRM dual-path candidates.
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.
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.
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.
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.
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.
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.
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.
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.
Other student outcomes published with external proof sources.
FRM
Trade Finance and Forex, Bank of Baroda · Credit officer · Trade Finance & Forex
Bank of Baroda Trade Finance & Forex officer in Mumbai who cleared FRM Part 2 and earned the GARP FRM designation in 2026 with RBei Classes
Read the full story of Avinash Chandra →
FRM
Senior Murex Risk & Datamart SME, Luxoft · 10+ years Murex · ~4 years fully on risk
Senior Murex Risk SME at Luxoft in Singapore who earned the full GARP FRM designation in 2026 with RBei Classes
Read the full story of Bhavesh Jain →
FRM
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 →
FRM
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 →
FRM
Internal Audit, UBS · ACS (Company Secretary)
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 →
FRM
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
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 →
CFA
Undergraduate student; Advisory Board, 180 Degrees Consulting KN, Kamala Nehru College · Self-study · former RBei Data Analytics Intern
Delhi University undergraduate at Kamala Nehru College who cleared CFA Level 1 through self-study (not RBei coaching) and is now a CFA Level 2 candidate; former RBei Data Analytics Intern
Read the full story of Arunima Pandey →
CFA
Senior Market Risk Analyst, Barclays · Market risk · ex-JP Morgan · BOA · working parent
Senior Market Risk Analyst at Barclays (ex-JP Morgan, BOA) who passed CFA Level 2 in the Nov 2023 window with a scaled score of 2815 against a 2600 MPS while balancing a full-time job, family and a child — prepared with RBei Classes
Read the full story of Lisa Garcia →
CFA
BBA (Finance and Accountancy) graduate; ACCA Affiliate, Christ University · Fresher · ACCA Affiliate · CFA Level 1
Christ University BBA (Finance and Accountancy) graduate and ACCA Affiliate from Faridabad who passed CFA Level 1 in the May 2026 window with a scaled score of 1770 against a 1600 MPS — prepared with RBei Classes
Read the full story of Tanisha Kapoor →Browse the full filterable list on RBei Classes student results.
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).
Internal links for FRM Part 1, dual CFA+FRM paths, and sibling verified results.
