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FRM Exam Prep

Your Future as a Certified Financial Risk Manager^® Starts Here

Passing the rigorous FRM^® exam takes dedication and hard work, but you’ve got decades of experience on your team. From concise study notes and bountiful QBanks to realistic mock exams and a PassProtection™ guarantee, Kaplan Schweser study packages have everything you need to become a certified FRM.

Walk into FRM Exam Day Like You’ve Already Passed

FRM Part I

The FRM Exam Part I consists of multiple-choice questions focusing on risk management foundations, quantitative analysis, financial markets and products, and valuation and risk models.

The FRM Exam Part II is a computer-based exam containing 80 multiple-choice questions. Part II focuses on the practical application of the tools learned in Part I to real-world scenarios, delving deeper into specific risk management areas.

The Best Way to Study for the FRM Exam

The FRM program consists of two exams that must be taken in succession. Join one of our FRM experts as they discuss what it takes to pass each exam, including proven study tips, valuable exam strategies, and the most important curriculum topics.

Why Trust Kaplan Schweser for FRM Exam Prep?

35+ Year Track Record
When you’re ready to earn your FRM certification, partner with a leader in the exam prep industry for more than 35 years. With exam-focused study and high-quality products, we’re your proven path to FRM success.
Customizable Study Plan
Take the guesswork out of creating your FRM study plan. Your Activity Feed efficiently guides you through the content and study tools, giving you an integrated study experience. You can even schedule days off, and your activities will adjust accordingly.
Exam-focused Content
Designed by FRM experts and backed by proven learning science, Schweser’s study program is 100% focused on passing your FRM exam. Your study materials are designed to mirror the structure, format, and difficulty of the actual FRM exam so there are no surprises on exam day.
Highly Experienced Team
Why go it alone when you can get support from the largest global network of FRM charterholders and content professionals? Our experienced team provides the expert instruction and guidance you need to pass the first time.
The Choice for Serious Candidates
If you’re committed to becoming a Certified Financial Risk Manager, you’ve come to the right place. Join more than 90,000 FRM candidates who have trusted Schweser to help them pass their exams.

Numbers Don’t Lie. See Why FRM Candidates Choose Schweser.

90,000+
Join thousands of FRM candidates who have prepared to pass their exams with Schweser.
35+
Helping professionals like you earn premier financial designations for 35 years and counting.
92%
Discover why your fellow candidates continually recommend Schweser for quality FRM exam prep.

FRM Part I Packages

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Study PackageKaplan Schweser

Premium Package

$899

2026-frm-part-1-essential

PACKAGEKaplan Schweser

Essential Package

$499

FRM Part II Packages

2026-frm-part-2-premium

PACKAGEKaplan Schweser

Premium Package

$949

2026-frm-part-2-essential

PACKAGEKaplan Schweser

Essential Package

$549

Explore Our Latest FRM Resources

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FREE FRM RESOURCES

Committed to Your Success on the FRM Exam

Take advantage of Schweser’s free FRM exam resources. Sign up for a 7-day free trial of our study program, peruse informative articles and videos, or download our free FRM eBooks.

Explore Resources

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7-DAY FREE TRIAL

Free Access to FRM Study Tools

Get a 7-day free trial and experience how the core study tools in Schweser’s FRM study packages complement each other, giving you concise and comprehensive coverage of the entire FRM curriculum.

Start Your Trial

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FREE eBOOK

Before You Decide to Sit for the FRM Exam

If you’re still unsure about pursuing FRM certification, download this free eBook. You’ll get real advice from FRM certified professionals.

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INDIVIDUAL STUDY TOOLS

Searching for Something Specific?

Supplement your FRM study package with additional exam prep classes and materials, or use them to create or enhance your own study plan.

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FREE CONSULTATION

Still Have Questions? Make an Appointment

Eliminate any guesswork in your FRM exam prep. Our team is ready to answer your questions and create a study plan that works for you. Schedule a time to talk to one of our FRM exam prep professionals.

FRM Exam FAQs

FRM is an acronym for Financial Risk Manager. Offered by the Global Association of Risk Professionals (GARP), the FRM designation is recognized as the leading certification for financial risk managers. Those with the FRM designation are in high demand because of their demonstrated ability to anticipate, respond, and adapt to critical risk issues. The FRM designation lets banks and financial firms know that you take risk management seriously, and your knowledge has been validated by international professional standards.

To earn the certification, you must take and pass Part I and Part II of the FRM exam. There are no education or work requirements for taking the exam, but after you pass both parts, you must demonstrate that you’ve had at least two years of full-time work experience in the field of risk management. Finance-related vocations are the only ones considered as acceptable work experience. Examples include portfolio management, industry research, trading, and risk consulting.

The FRM exam is very quantitative, and the curriculum takes a lot of time to master. As a result, approximately 50% of people fail the Part I and Part II exams. One reason for this is variations in FRM exam questions. Some are straightforward, others appear straightforward but have a trick to them, and the wording of others can be confusing. Therefore, there will undoubtedly be questions on the FRM exam that give you trouble (you can learn how to tackle those here.) Some self-directed and motivated candidates are able to pass both parts of the FRM exam using a course of self-study, but many use exam prep packages or classes to stay organized and ensure they are prepared for exam day.

For each part, you need to study a minimum of 275 hours, and you should start studying as soon as you’ve registered. You will be tested on your ability to read a question, analyze it, and apply concepts to it. So cramming in the final weeks before the exam won’t help you. The topics require a type of knowledge that only can be gained over a structured, careful course of study—not last-minute, frantic reviews of core materials. You can learn more about studying for the exam here.

Explore FRM

PassProtection™: Terms and conditions apply. Learn more at www.schweser.com/frm/pass-protection.

90,000+ FRM Candidates Have Prepared with Kaplan: Candidates refers to number of net purchases of study packages containing the printed SchweserNotes™ bookset from 2008 through spring 2024 (less 2020).

92% Recommendation Rate: These are the findings of a quantitative survey conducted by Kaplan between September 29 and November 4, 2022. For this survey, a sample of 253 FRM candidates was interviewed online, of which 138 prepared for the FRM exam with Kaplan Schweser.

7-Day Free Trial: Terms and conditions apply. Visit www.schweser.com/frm/free-study-materials/free-trial for details.

GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Kaplan Schweser of GARP Exam related information, nor does it endorse any pass rates that may be claimed by Kaplan Schweser. 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. SCR^® , FRM^® , GARP^® , and Global Association of Risk Professionals™, in standard character and/or stylized form, are trademarks owned by the Global Association of Risk Professionals, Inc.