FRM® Exam Preparation

FRM® is the global standard for financial risk

Recognized in every major market, the FRM is the leading certification for risk managers. The assessment Examination is conducted once a year every November and is held all over the world by GARP (Global Association of Risk Professionals) at the same time. It is consistently in demand by nearly every major bank and firm in the world, and is awarded only to professionals who demonstrate the knowledge and ability to anticipate, respond, and adapt to critical risk issues.

Anyone can register to take the exam. Candidates must take the FRM Exam Part I before taking Part II. Both Part I and Part II of the exam are normally offered in May and November. However, in 2021, Part I will be offered in May, July, and November, and Part II will be offered in May and December. The exam is mutiple choice questions and offered via computer-based testing (CBT). Passing Rates: FRM Part I is 45%, and FRM Part II is 59%.

Certified FRMs are strongly encouraged to earn 40 hours of Continuing Professional Development (CPD) every two years to maintain the latest best practices in risk management.

To earn your FRM certification, you need to:

  • Take and pass the FRM exams (FRM Exam Part I and Part II).
  • Work full-time in a financial risk role for 2 years. this full-time work experience can be accrued before or after you pass your Exams.
  • Demonstrate your experience to GARP by describing your professional role in financial risk management and submitting it to GARP within 5 years of passing Part II.

 

The topics in FRM® Exam
Part I Part II
Topic Weight (%) Topic Weight (%)
Foundations of Risk Management 20% Market Risk 25%
Quantitative Analysis 20% Credit Risk 25%
Financial Markets and Products 30% Operational Risk 25%
Valuation and Risk Models 30% Risk Managemnet & Investment Management 15%
Current Issues in Financial Markets 10%
TOTAL 100% TOTAL  100%

*The FRM® exam Part I will last for 4 hours and consists of about 100 multiple-choice questions.

FRM® Study Packages by Kaplan Schweser

Essential Packages for the FRM® Part I Exam

What's Included:

Core
  • Activity Feed
  • Checkpoint Exams
  • InstructorLink
  • Practice Exams (2 Exams)
  • QuickSheet
  • Resource Library
  • SchweserNotes
  • SchweserPro QBank
  • Topic Quizzes
Pass Guarantee
  • Schweser's PassProtection

 

Premium Packages for the FRM® Part I Exam

What's Included:

Core
  • Activity Feed
  • Checkpoint Exams
  • InstructorLink
  • Practice Exams (2 Exams)
  • QuickSheet
  • Resource Library
  • SchweserNotes
  • SchweserPro QBank
  • Topic Quizzes
Instruction
  • OnDemand Class
Review
  • OnDemand Review
  • Schweser's Secret Sauce®
Pass Guarantee
  • Schweser's PassProtection