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
2021 Registration and FRM® Exam Dates
Examination Dates:
November Computer-Based Exam Dates:
- November 13–26, 2021
Final Deadline Exam Registrations—November Exam:
Early Registration:
- Ends July 31, 2021
Standard Registration:
- Ends September 30, 2021
2021 FRM® Exam Format
The 2021 FRM Exam Part I and Part II are computer-based, multiple-choice exams. Part I is offered solely in English, three times per year in May, July, and November, at over 100 exam sites around the world.
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® Progam 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.
- Early: $550
- Standard: $750
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.
2021 Registration and FRM® Exam Dates
Examination Dates:
December Computer-Based Exam Dates:
- December 4–10, 2021
Final Deadline Exam Registrations—December Exam:
Early Registration:
- Ends July 31, 2021
Standard Registration:
- Ends September 30, 2021
2021 FRM® Exam Format
The 2021 FRM Exam Part I and Part II are computer-based, multiple-choice exams. Part II is offered solely in English, twice a year in May and December, 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
Individual Exam Registration Fees:
- Early: $550
- Standard: $750
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.
