{"id":8810,"date":"2021-05-05T13:53:54","date_gmt":"2021-05-05T13:53:54","guid":{"rendered":"https:\/\/analystprep.com\/blog\/?p=8810"},"modified":"2025-12-09T15:06:00","modified_gmt":"2025-12-09T15:06:00","slug":"frequently-asked-questions-on-the-frm-certification","status":"publish","type":"post","link":"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/","title":{"rendered":"Frequently Asked Questions on the FRM\u00ae Certification"},"content":{"rendered":"\n<script type=\"application\/ld+json\">\n{\n  \"@context\": \"https:\/\/schema.org\",\n  \"@type\": \"FAQPage\",\n  \"mainEntity\": [\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What does the FRM\u00ae mean?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"FRM stands for Financial Risk Manager, a professional certification offered by GARP that signals expertise in identifying, measuring, and managing financial risk to employers worldwide.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the entry requirements for enrolling in the FRM\u00ae program?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"There are no formal educational or professional prerequisites for enrolling in the FRM program. Anyone can register for Part I as long as they complete the exam registration and payment process.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How much does One Earn the FRM\u00ae Certification\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"To earn the FRM certification, you must pass both Part I and Part II, then submit at least two years of full-time, relevant risk management work experience within the allowed timeframe.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What is the FRM Exam Format?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"The FRM curriculum is split into Part I and Part II, both delivered via computer-based multiple-choice exams. Part I has 100 equally weighted questions, and Part II has 80 questions, each with a four-hour testing window.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the Topics Covered in the FRM Curriculum?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Part I focuses on tools used to assess financial risk, including quantitative analysis, foundations of risk management, financial markets and products, and valuation and risk models. Part II applies these tools across market, credit, operational, liquidity, and investment risk plus current issues in financial markets.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What are the FRM Exams Pass rates?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"FRM pass rates vary by sitting, but historically they show that a significant portion of candidates do not pass on the first attempt, reflecting the exam\u2019s rigor and the need for thorough preparation.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"Is the FRM Exam Hard to Pass?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"Yes, the FRM exam is considered challenging. It is highly quantitative and comparable to advanced undergraduate or introductory graduate-level finance courses, requiring strong conceptual understanding, formula knowledge, and extensive practice.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"When are the Exam Windows for the FRM Exams?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"FRM exams are offered in specific testing windows during the year for Part I and Part II. Candidates choose from the available windows published by GARP when scheduling their exam appointments.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"How much does it cost to register for FRM?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"FRM registration fees are quoted in USD and include a one-time enrollment fee plus an exam registration fee for each part, with different pricing for early and standard registration periods as set by GARP.\"\n      }\n    },\n    {\n      \"@type\": \"Question\",\n      \"name\": \"What do I do after Completing Exam Registration?\",\n      \"acceptedAnswer\": {\n        \"@type\": \"Answer\",\n        \"text\": \"After registering, the next step is to build a study plan, begin working through the FRM curriculum, and practice with sample questions or prep packages so you are fully prepared for exam day.\"\n      }\n    }\n  ]\n}\n<\/script>\n\n\n\n\n<p>You may have just enrolled for the FRM course, or maybe you are considering registering for the course to advance your career, and you probably have a lot of questions about FRM certification.<\/p>\n\n\n\n<p>Let us answer the most frequent questions you might have.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_does_the_FRM%C2%AE_mean\" >What does the FRM\u00ae mean?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_are_the_entry_requirements_for_enrolling_in_the_FRM%C2%AE_program\" >What are the entry requirements for enrolling in the FRM\u00ae program?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#How_much_does_One_Earn_the_FRM%C2%AE_Certification\" >How much does One Earn the FRM\u00ae Certification<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_is_the_FRM_Exam_Format\" >What is the FRM Exam Format?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_are_the_Topics_Covered_in_the_FRM_Curriculum\" >What are the Topics Covered in the FRM Curriculum?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_are_the_FRM_Exams_Pass_rates\" >What are the FRM Exams Pass rates?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#Is_the_FRM_Exam_Hard_to_Pass\" >Is the FRM Exam Hard to Pass?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#When_are_the_Exam_Windows_for_the_FRM_Exams\" >When are the Exam Windows for the FRM Exams?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#How_much_does_it_cost_to_register_for_FRM\" >How much does it cost to register for FRM?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/analystprep.com\/blog\/frequently-asked-questions-on-the-frm-certification\/#What_do_I_do_after_Completing_Exam_Registration\" >What do I do after Completing Exam Registration?<\/a><\/li><\/ul><\/nav><\/div>\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_does_the_FRM%C2%AE_mean\"><\/span>What does the FRM<sup>\u00ae<\/sup> mean?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>FRM stands for financial risk manager and is a professional course offered by the Global Association of Risk Professionals (GARP). Employers recognize FRM certification as the top certification for risk managers.<\/p>\n\n\n\n<p>Employers identify professionals with FRM certification to possess the skills to anticipate and respond to serious risk issues in the company. Having an FRM designation sets you apart as an employee with international professional standards.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_entry_requirements_for_enrolling_in_the_FRM%C2%AE_program\"><\/span>What are the entry requirements for enrolling in the FRM<sup>\u00ae<\/sup> program?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You do not need any education or professional prerequisites to qualify for registration of the program.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_does_One_Earn_the_FRM%C2%AE_Certification\"><\/span>How much does One Earn the FRM<sup>\u00ae<\/sup> Certification<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>You should pass both part I and part II of the FRM exam. You should pass part II by the end of the fourth year after completing part I of the FRM exam.<\/p>\n\n\n\n<p>You should also submit evidence of two years of full-time work experience in financial risk management after completing part II.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_FRM_Exam_Format\"><\/span>What is the FRM Exam Format?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>FRM curriculum consists of two parts. The exams use computer-based testing, and all questions are multiple-choice. FRM part I has 100 equally weighted questions, while part II has 80 questions.<\/p>\n\n\n\n<p>The allocated test time is four hours for both parts. Although you can sit for both parts on the same day, you should pass part I before GARP scores part II. Most candidates, however, prefer to take the exams on different exam sittings.<\/p>\n\n\n\n<p>The exam is in English only.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Topics_Covered_in_the_FRM_Curriculum\"><\/span>What are the Topics Covered in the FRM Curriculum?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Part I of the FRM curriculum tests the tools used to evaluate financial risk. The topics are;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Quantitative analysis<\/li>\n\n\n\n<li>Foundations of risk management concepts<\/li>\n\n\n\n<li>Financial markets and products<\/li>\n\n\n\n<li>Valuation and risk models<\/li>\n<\/ul>\n\n\n\n<p>Part II of the FRM curriculum focuses on applying the risk evaluation tools learned in part I. They are;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Market risk measurement and management<\/li>\n\n\n\n<li>Credit risk measurement and management<\/li>\n\n\n\n<li>Operational and integrated risk\u00a0 management<\/li>\n\n\n\n<li>Liquidity and treasury risk measurement and management<\/li>\n\n\n\n<li>Ris98k management and investment management<\/li>\n\n\n\n<li>Current issues in financial markets<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_FRM_Exams_Pass_rates\"><\/span>What are the FRM Exams Pass rates?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>In the last FRM exam sitting of 2019, the pass rate was:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Level I: May sitting -42% and November sitting -46%<\/li>\n\n\n\n<li>Level II: May sitting -61% and November sitting -59%<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Is_the_FRM_Exam_Hard_to_Pass\"><\/span>Is the FRM Exam Hard to Pass?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The FRM exam is highly quantitative, and its level of mathematical difficulty is the same as an advanced undergraduate or introductory graduate-level finance course. Although it is highly conceptual, candidates should know fundamental formulas, calculations and have the skill to apply them correctly.<\/p>\n\n\n\n<p>You will need to study for a significant number of hours to master the concepts. You need to put in at least 240 hours in each part and practice using sample questions.<\/p>\n\n\n\n<p>You can use an exam prep package from <a href=\"https:\/\/analystprep.com\/cfa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Analystprep.com<\/a> to gain access to additional study and exam materials to help you prepare for your exam.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_are_the_Exam_Windows_for_the_FRM_Exams\"><\/span>When are the Exam Windows for the FRM Exams?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>FRM part I:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>May 8-21, 2021<\/li>\n\n\n\n<li>July 10-23, 2021<\/li>\n\n\n\n<li>November 13-26, 2021<\/li>\n<\/ul>\n\n\n\n<p>FRM part II: <\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>December 4-10, 2021\u00a0<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_much_does_it_cost_to_register_for_FRM\"><\/span>How much does it cost to register for FRM?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The registration fee is in USD. An enrollment fee of USD 400 is paid once on your initial registration. The early exam registration fee is USD 550, and the standard exam registration fee is US 750 for both FRM exam parts. The deferral fee is USD 200. The registration fees do not include any study materials.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_do_I_do_after_Completing_Exam_Registration\"><\/span>What do I do after Completing Exam Registration?<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>The next step after enrollment and registration is to start studying for your exam. You should set up a study plan to keep you on track and practice for the exam using sample questions.<\/p>\n\n\n\n<p>Contact us at <a href=\"https:\/\/analystprep.com\/cfa\/\" target=\"_blank\" rel=\"noreferrer noopener\">Analystprep.com<\/a> for our FRM study packages to help you prepare for your exams. You will have access to notes and video tutorials from the best professors and an up-to-date sample question bank to help you pass your exams on the first try.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-analystprep wp-block-embed-analystprep\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/analystprep.com\/shop\/unlimited-package-for-frm-part-i-part-ii\n<\/div><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>You may have just enrolled for the FRM course, or maybe you are considering registering for the course to advance your career, and you probably have a lot of questions about FRM certification. Let us answer the most frequent questions&#8230;<\/p>\n","protected":false},"author":4,"featured_media":8816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71,73],"tags":[130],"class_list":["post-8810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frm","category-study-tips","tag-frequently-asked-questions-on-the-frm-certification","blog-post","animate"],"acf":[],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/8810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/comments?post=8810"}],"version-history":[{"count":6,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/8810\/revisions"}],"predecessor-version":[{"id":13516,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/posts\/8810\/revisions\/13516"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/media\/8816"}],"wp:attachment":[{"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/media?parent=8810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/categories?post=8810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analystprep.com\/blog\/wp-json\/wp\/v2\/tags?post=8810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}