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.
There is no set requirement to be eligible to appear for the course. Anyone can take the FRM course.
Quantitative Analysis 20%
Foundations of Risk Management 20%
Financial Markets and Products 30%
Valuation and Risk Models 30%
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%
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.
Early bird registration fee
Both Parts 1 & 2
Standard registration fee
Both Parts 1 & 2
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).