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.
Select Your FRM Exam Level
2022 Registration and FRM® Exam Dates
Examination Window:
May 2022 Exam:
- May 7–20, 2022
August 2022 Exam:
- August 6, 2022
November 2022 Exam:
- November 5–18, 2022
Key Registration Dates:
May 2022 Exam:
- Registration Opens: December 1, 2021
- Early Registration Deadline: January 31, 2022
- Registration Closes: March 31, 2022
August 2022 Exam:
- Registration Opens: April 1, 2022
Registration Closes: July 31, 2022
November 2022 Exam:
- Registration Opens: May 1, 2022
- Early Registration Deadline: July 31, 2022
- Registration Closes: September 30, 2022
2022 FRM® Exam Format
The FRM Exam Part I and Part II are computer-based, multiple-choice exams. Part I is offered solely in English and is typically administered two times per year, in May and November, at over 100 exam sites around the world. In 2022, there will be an additional Part I exam administered in August.
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: foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part I must be completed in four hours or less.
Master these concepts with a comprehensive Part I study package:
FRM® Program Fees
The FRM Exam requires a program enrollment fee of $400, which is payable when a candidate initially registers for the FRM Exam Part I. The enrollment fee is not charged again unless the candidate has not passed the FRM Exam Part II within four years after passing the FRM Exam Part I.
Registration fees vary throughout 2022:
May 2022 Exam:
- Early: $550
- Standard: $750
August 2022 Exam:
- Early: $600
November 2022 Exam:
- Early: $600
- Standard: $800
Our Part I study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
Requirements to Earn the FRM®
- Register for the FRM Part I Exam
- Pass the FRM Part I Exam
- Register for the FRM Part II Exam
- Pass the FRM Part II Exam
- 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 to pass your FRM Exam with Part I Study Packages.
2022 Registration and FRM® Exam Dates
Examination Window:
May 2022 Exam:
- May 21-27, 2022
November 2022 Exam:
- November 19-25, 2022
Key Registration Dates:
May 2022 Exam:
- Registration Opens: December 1, 2021
- Early Registration Deadline: January 31, 2022
- Registration Closes: March 31, 2022
November 2022 Exam:
- Registration Opens: May 1, 2022
- Early Registration Deadline: July 31, 2022
- Registration Closes: September 30, 2022
2022 FRM® Exam Format
The 2022 FRM Exam Part I and Part II are computer-based, multiple-choice exams. Part II is offered solely in English, twice per year in May and November, at over 100 exam sites around the world.
Body of Knowledge
Part II
The FRM Exam Part II is an 80 question multiple-choice exam and emphasizes the application of the tools acquired in Part I. Topic areas include market risk, credit risk, operational risk, liquidity risk, investment management, and current issues in the financial markets. Part II must be completed in four hours or less.
Master these concepts with a comprehensive Part II study package:
FRM® Program Fees
Registration fees vary throughout 2022:
May 2022 Exam:
- Early: $550
- Standard: $750
November 2022 Exam:
- Early: $600
- Standard: $800
Our Part II study packages are built to replicate the exam, leaving no surprises on exam day. Begin your preparation today.
Requirements to Earn the FRM®
- Register for the FRM Part I Exam
- Pass the FRM Part I Exam
- Register for the FRM Part II Exam
- Pass the FRM Part II Exam
- 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 to pass your FRM Exam with Part II Study Packages.
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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.
