Content, format, Length, everything about the FRM® exam.
FRM® Exam Part I: Learn fundamental tools and techniques used in risk management and the theories that underlie their use.
|Foundations of Risk Management||20%|
|Financial Markets and Products||30%|
|Valuation and Risk Models||30%|
FRM® Exam Part II: Apply the tools and techniques covered in the first part and dive deeper in investment management and current market issues.
|Market Risk Measurement and Management||25%|
|Credit Risk Measurement and Management||25%|
|Operational and Integrated Risk Management||25%|
|Risk Management and Investments Management||15%|
|Current Issues in Financial Markets||10%|
Exam formatThe 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, at approximately 90 exam sites around the world.
FRM® Exam Part I
100 questions MCQ
Exam in the morning
FRM® Exam Part II
80 questions MCQ
Exam in the afternoon
Scoring and results
Passing scores are determined by the FRM® Committee and exam results are sent by email around six weeks after the exam. Candidates will receive quartile results helping them to analyze their performance In terms of strategy it is important to know that: • There are no penalties for wrong answers. • Candidate can take the first and seconde part the same day, however the second part will not be graded unless they first pass the first part.
In order to pass the FRM® Exam you will need to know important formulas and calculations and therefore how to use your calculator. Only the following types of business calculators are authorized by the GARP for use during the exam:
Texas Instruments BA II Plus including the BA II Plus Professional
Hewlett Packard 12C including the HP 12C Platinum
Official Pass Rate
FRM® Exam Part I