Preparing for the FRM Exam can be extremely challenging and at Kaplan Schweser, we understand how important it is for candidates to
stay focused on learning instead of worrying about exam details. Considering all the changes with the FRM Exam in 2009, we felt a few additional pieces of
information would be helpful. Below you can find some useful links, key exam information, and important dates for both the Full FRM Exam and the Level 1 FRM Exam
so you can do what's most important...study!
Not sure which exam format makes the most sense for you?
Visit the 2009 Exam Changes page to learn about the differences between the Full FRM Exam and the
Level 1 FRM Exam.
The five-hour examination is split into two sections; each is two and a half hours in length with a lunch break in between. The Full FRM exam is given in booklet
form and administered in cities all over the world.
The 2009 Full FRM Exam consists of 140 multiple-choice questions that test a candidate's knowledge
base in nine areas:
Full FRM® Exam Topics
Weight
Foundations of Risk Management
10%
Quantitative Analysis
10%
Financial Markets and Products
15%
Valuation and Risk Models
15%
Market Risk Measurement and Management
10%
Credit Risk Measurement and Management
10%
Operational and Integrated Risk Management
10%
Risk Management and Investment Management
10%
Current Issues in Financial Markets
10%
Full Exam Fees and Dates
Registration Deadlines
New Candidate
Returning Candidate
Early Registration
Begins: Mar. 2, 2009, 12:00 am ET Ends: Apr. 30, 2009, 11:59 pm ET
$550*
$450*
Standard Registration
Begins: May 1, 2009, 12:00 am ET Ends: Aug. 31, 2009, 11:59 pm ET
$700*
$550*
Late Registration
Begins: Sept. 1, 2009, 12:00 am ET Ends: Oct. 15, 2009, 11:59 pm ET
$950*
$750*
Other Important Dates
Important Dates
Items to Remember
Aug. 31, 2009
Last day for FRM® Exam Deferral to 2010
Last day to switch to Level 1 Exam format for $250 fee
Last day to submit GARP® Scholarship Application
Last day to submit Religious Alternatives Form
Last day to submit ADA Application
Oct. 15, 2009
Last day to change Exam site with no fee
Oct. 30, 2009
Last day to change Exam site (US only) for $50 fee
*
All prices are listed in US Dollars and include the $150 GARP® membership fee required of all candidates.
Membership is good for one full year from the effective date of the registration.
Exam Date: Nov. 21, 2009
The four-hour examination is split into two sections; each is two hours in length with a 30 minute break in between. The Level 1 FRM exam is given
in booklet form and administered in cities all over the world.
The 2009 Level 1 FRM® Exam consists of 100 multiple-choice questions that test a candidate's
knowledge base of the foundations of risk management. The four topics covered include:
Level 1 FRM® Exam Topics
Weight
Foundations of Risk Management
20%
Quantitative Analysis
20%
Financial Markets and Products
30%
Valuation and Risk Models
30%
Level 1 Exam Fees and Dates:
Registration Deadlines
New, Returning & Deferral Candidates
Early Registration
Begins: Mar. 2, 2009, 12:00 am ET Ends: April 30, 2009, 11:59 pm ET
$650*
Standard Registration
Begins: May 1, 2009, 12:00 am ET Ends: Aug. 31, 2009, 11:59 pm ET
$775*
Late Registration
Begins: Sept. 1, 2009, 12:00 am ET Ends: Oct. 15, 2009, 11:59 pm ET
$950*
Other Important Dates:
Important Dates
Items to Remember
Aug. 31, 2009
Last day for FRM® Exam Deferral to 2010
Last day to switch to the Full FRM Exam format
Last day to submit GARP® Scholarship Application
Last day to submit Religious Alternatives Form
Last day to submit ADA Application
Oct. 15, 2009
Last day to change Exam site with no fee
Oct. 30, 2009
Last day to change Exam site (US only) for $50 fee
*All prices are listed in US Dollars and include the $300 GARP® enrollment fee required of all candidates. Membership is good for one full
year from the effective date of the registration.
GARP® does not endorse, promote, review, or warrant
the accuracy of the products or services offered by Kaplan Schweser of FRM® related information, nor does it endorse any
pass rates claimed by the provider. Further, GARP® is not responsible for any fees or costs paid by the user to Kaplan Schweser,
nor is GARP® responsible for any fees or costs of any person or entity providing any services to Kaplan Schweser.
FRM®, GARP®, and Global Association of Risk Professionals™ are trademarks owned by the Global Association
of Risk Professionals, Inc.
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