FRM®

The Financial Risk Manager (FRM) designation is the globally recognized standard for risk managers and practitioners around the world. The global FRM community is growing dramatically, with Certified FRMs represented at nearly every major banking institution, government regulator, consulting firm and financial services institution around the world. The FRM designation creates opportunities for a diverse set of candidates to accelerate their careers, no matter what their backgrounds.
 
  Download our FRM brochure for more information



FRM TOPICS & EXAM WEIGHTS
Part I Weight
Quantitative Analysis 20%
Foundations of Risk Management 20%
Financial Markets and Products 30%
Valuation and Risk Models 30%
 
Part II Weight
Market Risk Measurement and Management 25%
Credit Risk Measurement and Management 25%
Operational and Integrated Risk Management 25%
Risk Management and Investment Management 15%
Current Issues in Financial Markets 10%


INSTRUCTORS
You will discover a new teaching methodology with FRI’s Certified Instructors that will make the hardest concepts easy to understand with a great amount of real life examples and exercises.


REQUIREMENTS
  • There are no educational or professional prerequisites to register for the FRM Exam.
  • You must pass Part I before Part II. You have to pass both Parts in less than 4 years.
  • After passing both parts of the FRM Exam, a candidate must demonstrate a minimum of two years of professional full-time work experience in the area of financial risk management or another related field.
  • The CPE Program requires 40 credit hours to be earned every two years. Although the FRM CPE Program is voluntary, Certified FRMs are encouraged to enroll in the program the year they are certified

EXAM DATES & REGISTRATION DEADLINES (www.garp.com)
*New Part I candidates should add the 400$ enrollment fee to the below prices

May Exam
Early December 1 - Jan 31 $350
Standard February 1 - Feb 28         $475
Late March 1 - April 15 $650
 
November Exam
Early May 1 - July 31 $350
Standard August 1 - August 31 $475
Late September 1 - October 15 $650


EXAM FORMAT
The FRM Exam is a pencil and paper multiple choice exam given in two parts. It is offered exclusively in English, twice a year in May and November.

Each part of the FRM Exam is four hours long. Part I consists of 100 multiple choice questions and Part II contains 80 multiple choice questions. Part I is offered in the morning session and Part II in the afternoon session of each Exam administration.

The FRM® and Financial Risk Manager® marks are the property of the Global Association of Risk Professionals.