Why Pursue The FRM®?
- The FRM® designation boosts your credibility in the field of financial risk management.
- FRM certification is recognized across the globe as a leader in financial risk management.
Exam Registration
- The FRM® Part I and Part II exams are held twice a year, in May and November
- Details of registration can be found on the GARP website.
Eligibility
- Minimum Eligibility: The candidate should be in Final Year of graduation to pursue FRM Part I Exam.
- To get the charter:4 years of qualified, professional work experience, in addition to passing the FRM part I and II .
Exam Format
The FRM program is divided into two parts. Both can be sat on the same day in May or November (although we recommend you only sit one part at a time). There are no penalties for incorrect answers. For the most up-to-date exam topics and relative weights, please check the GARP website.
Breakdown of topics covered in part 1
| Topics | Weighting |
|---|---|
| Foundations of Risk Management. | 20% |
| Quantitative Analysis | 20 % |
| Financial Markets and Products | 30 % |
| Valuation and Risk Models | 30 % |
Breakdown of topics covered in part II
| Topics | Weighting |
|---|---|
| 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 % |
The recommended preparation time is 250 hours for each level.
Global Pass Rate
- For up-to-date information about recent pass rates please visit the GARP® website. The exam itself is graded on a curve against the top 5% performers. Pass rates for Part I have averaged just below 50% whereas pass rates for Part II are about 10% higher..