Simple Steps to Take to Get Your FRM® Certification

Simple Steps to Take to Get Your FRM® Certification

Getting an FRM certification will help you advance your career as a risk manager. The certification is offered globally by the Global Association of Risk Professionals (GARP).

Having an FRM certification has several benefits;

  1. Being a certified FRM shows that you have a good understanding of strategic risk management. Completing the FRM program reassures employers that you have mastery of this topic and are qualified to be an excellent financial risk manager. It also sets you apart as a very determined individual with a strong work ethic. Becoming recognized will also help you land jobs and increase your value as a potential employee. There are over 32,000 certified FRM’s across the globe.
  2. An FRM certification looks excellent on a resume. It displays the kind of professional you are and your dedication to the field. In addition to strategic risk, mastery of the exam will also show that you have extensive knowledge in other crucial topics that may be the difference between being offered a job or not, such as technical aptitude like statistics, modeling, and valuation.
  3. An FRM certified individual is a dynamic, forward-thinking individual who abides by ethical standards and upholds professional integrity. Employers will expect these qualities, so make sure you enforce these beliefs while undergoing any interview process.
  4. Having an FRM certification will give you the added advantage of getting a higher salary. The qualification will help you get a higher designation and a managerial position with a bigger paycheck. All the hard work you put in to get the certification will pay off.
  5. The FRM certification is globally recognized and accepted. Having an FRM certificate will give you credibility and help you be part of a global network of professionals. GARP has over 15,000 members from more than 195 countries, and you will be able to connect with them and learn about international financial markets.

You can get your FRM certification in these simple steps.

I. Enroll and register for the FRM part I exam

You can enroll and register for the FRM part I exam by visiting the GARP website. You do not need prior education or work experience to qualify for the program.

You will pay a one-time enrollment fee of USD 400 on your initial registration. The early exam registration fee is USD 550, and the standard exam registration fee is US 750. The registration fees, however, do not include study materials. 

The exam windows for FRM part I beginning 2021 are in May, July, and November. Part II exam widows are in May and December. You may take exams for both on the same day, but you will only be graded for part II if you pass part I.

II. Register for RFM part II after passing part I

GARP requires you to pass part I FRM exams before proceeding to part II. Part I exam has 100 multiple-choice questions that cover the following topics;

  • Quantitative analysis
  • Foundations of risk management concepts
  • Financial markets and products
  • Valuation and risk models

Less than half of the candidates who register for part I exams usually pass the exam. You will need to study for at least 240 hours and up to 400 hours to understand the concepts and practice taking the exam using sample questions. When your results are available, you will get a notification and access them in your GARP candidate portal.

Once you have passed the FRM part I exams, you have up to four years to register for part II. You will only have to pay for exam registration, and the early exam registration fee is USD 550, while the standard exam registration fee is US 750. FRM part II exams are in May and December.

III. Pass FRM part II exam

The FRM part II consists of 80 multiple choice questions that cover the following topics;

  • Market risk measurement and management
  • Credit risk measurement and management
  • Operational and integrated risk  management
  • Liquidity and treasury risk measurement and management
  • Risk management and investment management
  • Current issues in financial markets

The average pass rate for part II is a little above half. You will need as much commitment and studying as part I. You will need to read for at least 240 or more and practice using sample questions to ensure that you pass the exams.

IV. Get the required two years of experience

The last step you need to take to get your FRM certification is to prove that you have gained at least two years of full-time work experience in a relevant role. You should submit evidence of your work experience after you have passed your FRM part II exams.

GARP defines relevant work experience as to where you are in a role where you are involved in the identification, measurement, monitoring, or management of risk. Experience up to ten years before sitting for FRM exams is acceptable.

You should submit your work experience within five years after completion of the course. If you fail to submit it within the given timeframe, you will need to re-enroll in the program, pay all the fees and retake both FRM part exams.

Start your journey to FRM certification with

The key to successfully achieving your FRM certification starts with adequate preparation. Contact us at to gain access to study materials and tutorials from experienced professors. Our up-to-date sample question bank will ensure that you get enough practice to give you the confidence to pass your exams.