FRM® Exam Details


The Global Association of Risk Professionals™ (GARP®) established the FRM designation to identify and recognize risk professionals who are qualified to make informed decisions based on current, globally accepted industry standards.

The FRM designation is recognized as the benchmark for financial risk professionals and has been adopted by companies to ensure their risk management employees are well versed in the latest financial risk concepts. Becoming an FRM boosts your credibility and respect from employers, peers, and clients and maximizes your personal and professional opportunities within the world of finance.


2020 Registration and FRM® Exam Dates

Examination Dates:

May Exam Day:

  • Postponed to October 24, 2020

November Exam Day:

  • November 21, 2020

Final deadline exam registrations—May 2020:

Early Registration:

  • Ends January 31, 2020

Standard Registration:

  • Ends February 29, 2020

Late Registration:

  • Ends April 15, 2020

Final deadline exam registrations—November 2020:

Early Registration:

  • Ends July 31, 2020

Standard Registration:

  • Ends August 31, 2020

Late Registration:

  • Ends October 15, 2020

Register for the FRM Exam »

FRM® Exam Format

The FRM Exam Part I and Part II are pencil-and-paper, multiple-choice exams. They are offered solely in English, twice a year in May and November, at over 100 exam sites around the world.

Find a Test Center Near You »

Body of Knowledge

Part I
A 100 question multiple-choice exam, the FRM Exam Part I focuses on the tools used to assess financial risk: quantitative analysis, foundations of risk management, financial markets and products, and valuation and risk models. Part I is always offered in the morning and must be completed in four hours or less.

Master these concepts with a comprehensive Part I study package:
View Part I Packages »

FRM® Progam Fees

Enrollment for the FRM exam requires a one-time enrollment fee of $400 (USD), due when you register for your first level I FRM exam, as well as individual exam registration fees.

  • Early - $425
  • Standard - $550
  • Late - $725

Our Part I study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
View Part I Packages »

Requirements to Earn the FRM®

  1. Register to Take the Exam
  2. Pass FRM Exam Part I
  3. Register for Part II
  4. Pass FRM Exam Part II
  5. Demonstrate two years of relevant work experience

Please note that if a candidate elects to take Part II on the same day as Part I, their Part II Exam will not be marked by GARP unless they first pass Part I.

Give yourself the best chance the pass your FRM Exam with Part I Study Packages. View Part I Packages»

2020 Registration and FRM® Exam Dates

Examination Dates:

May Exam Day:

  • Postponed to October 24, 2020

November Exam Day:

  • November 21, 2020

Final deadline exam registrations—May 2020:

Early Registration:

  • Ends January 31, 2020

Standard Registration:

  • Ends February 29, 2020

Late Registration:

  • Ends April 15, 2020

Final deadline exam registrations—November 2020:

Early Registration:

  • Ends July 31, 2020

Standard Registration:

  • Ends August 31, 2020

Late Registration:

  • Ends October 15, 2020

Register for the FRM Exam »

FRM® Exam Format

The FRM Exam Part I and Part II are pencil-and-paper, multiple-choice exams. They are offered solely in English, twice a year in May and November, at over 100 exam sites around the world.

Find a Test Center Near You »

Body of Knowledge

Part II
The FRM Exam Part II is an 80 question multiple-choice exam, emphasizing the application of the tools acquired in Part I: market, credit, operational and integrated risk management, investment management as well as current market issues. Part II is always offered in the afternoon and must be completed in four hours or less.

Master these concepts with a comprehensive Part II study package:
View Part II Packages »

FRM® Progam Fees

Individual exam registration fees::

  • Early - $350
  • Standard - $475
  • Late - $650

Our Part II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
View Part II Packages »

Requirements to Earn the FRM®

  1. Register to Take the Exam
  2. Pass FRM Exam Part I
  3. Register for Part II
  4. Pass FRM Exam Part II
  5. Demonstrate two years of relevant work experience

Please note that if a candidate elects to take Part II on the same day as Part I, their Part II Exam will not be marked by GARP unless they first pass Part I.

Give yourself the best chance the pass your FRM Exam with Part II Study Packages. View Part II Packages»

Effective preparation requires a study schedule that covers the entire FRM Program curriculum and practice that resembles exam content. Our Packages create a study plan adaptive to your schedule and include integrated study tools that provide practice of key concepts of the curriculum.