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All About FRM

Introduction

Financial Risk Management (FRM) course is a qualification in the field of risk management. It is an international professional certification which is offered by the Global Association of Risk Professionals (GARP) . The knowledge which is gained by the candidate varies across financial risks and credit analysis. The examination is conducted in two levels, namely, FRM Part 1 and FRM Part 2.


Eligibility

There is no set requirement to be eligible to appear for the course. Anyone can take the FRM course.


Exam Syllabus

Part 1:

  • Quantitative Analysis 20%

  • Foundations of Risk Management 20%

  • Financial Markets and Products 30%

  • Valuation and Risk Models 30%


Part 2:

  • Market Risk Measurement and Management 25%

  • Credit Risk Measurement and Management 25%

  • Operational and Integrated Risk Management 25%

  • Risk Management and Investment Management 15%

  • Current Issues in Financial Markets 10%


Exam Duration

The duration of the course varies from minimum 6 months to around 2 or more years as both the parts/levels can be taken at the same time/day and the minimum time difference between two attempts is 6 months. It is to be kept in mind that when the candidate appears for both the parts together, he needs to clear part 1 mandatorily; only then his part 2 papers would be eligible to go for evaluation. The FRM exam dates are generally in May, July, November, December.


Exam Fees

Enrollment fees

One time

400 USD

Early bird registration fee

Both Parts 1 & 2

550 USD

Standard registration fee

Both Parts 1 & 2

750 USD


FRM Exam Structure

  • FRM Part 1 consists of 100 MCQs which span over 4 hours.

  • FRM Part 2 consists of 80 MCQs which span over 4 hours.


FRM Certification Requirements

  • To avail the certification, the candidate needs to clear both Parts in a chronological order and within a prescribed limit.

  • Candidate needs to complete 2-years of full-time work experience in Financial Risk Management. ( Internships are not to be counted for the same).






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