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FRM® Part I
FRM® Part I Study Materials and Question Bank
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AnalystPrep's Comprehensive Study Materials for FRM Part 1
Preparing for the FRM Part 1 exam requires a solid grasp of quantitative concepts, risk management frameworks, and valuation models—and that’s exactly what AnalystPrep delivers.
What’s Inside Our FRM Part 1 Study Package?
- 1,800+ Practice Questions:
- Master core risk management concepts with exam-style practice questions.
- Cover key topics like Hypothesis Testing and the Black-Scholes-Merton model, ensuring you’re comfortable with the calculations needed on exam day.
- Unlimited Custom Quizzes:
- Build personalized quizzes to test yourself on specific books or topics.
- Reinforce weak areas with targeted practice.
- Realistic FRM Part 1 Mock Exams:
- Simulate the actual exam difficulty with full-length mock exams.
- Follow the same weightings as GARP, so you’re exam-ready.
- Concise FRM Part 1 Study Notes:
- Summarized study guides to accelerate learning and simplify complex topics.
- Focus on what really matters—practice questions and application.
- Expert-Led Video Lessons:
- Short, to-the-point videos (approx. 40 minutes each).
- Created by Prof. James Forjan, PhD, these lessons break down complex concepts with real-world examples.
Why Choose AnalystPrep?
- Engaging, to-the-point content – No fluff, just the key takeaways.
- Learn at your own pace with structured study plans.
- Test your knowledge repeatedly with quizzes and full-length mocks.
Get access to high-quality FRM Part 1 prep materials and take the next step toward earning your FRM certification!
FRM® Part 1
Our Learn + Practice package include study notes and video lessons for $499.
Combine FRM Part I and FRM Part II Learn + Practice for $799. This package includes unlimited ask-a-tutor questions and lifetime access with curriculum updates each year at no extra cost.
FRM Part 1 Practice Package
$
349
/ 12-month access
- Question Bank (Part 1)
- CBT Mock Exams (Part 1)
- Formula Sheet (Part 1)
- Performance Tracking Tools
FRM Part 1 Learn + Practice Package
$
499
/ 12-month access
- Question Bank (Part 1)
- CBT Mock Exams (Part 1)
- Formula Sheet (Part 1)
- Performance Tracking Tools
- Video Lessons (Part 1)
- Study Notes (Part 1)
FRM Unlimited Package (Part 1 and Part 2)
$
799
/ lifetime access
- Question Bank (Part 1 & Part 2 )
- CBT Mock Exams (Part 1 & Part 2 )
- Formula Sheets (Part 1 & Part 2)
- Performance Tracking Tools
- Video Lessons (Part 1 & Part 2 )
- Study Notes (Part 1 & Part 2 )
What to Expect from the FRM Part 1 Exam?
The FRM Part 1 exam is designed to test your understanding of risk management fundamentals, requiring both conceptual knowledge and quantitative problem-solving skills.
Exam Structure & Weighting
The exam consists of 100 multiple-choice questions covering four key topics:
- Foundations of Risk Management – 20%
- Quantitative Analysis – 20%
- Financial Markets and Products – 30%
- Valuation and Risk Models – 30%
This computer-based exam is offered three times a year, with an average pass rate of 45-50%—making it a highly competitive certification.
Key Concepts to Master
To succeed in the FRM Part 1 exam, you must be comfortable with essential risk management concepts, financial models, and mathematical techniques. Some of the most tested topics include:
- Modern Portfolio Theory (MPT) – Understanding risk-return trade-offs.
- Arbitrage Pricing Theory (APT) – Multi-factor models of asset pricing.
- Monte Carlo Simulation – Risk modeling and scenario analysis.
- Value at Risk (VaR) – Measuring potential portfolio losses.
- Volatility & GARCH Process – Modeling time-varying risk.
- Black-Scholes Model – Options pricing fundamentals.
- Delta Hedging – Risk-neutral portfolio management.
These concepts form the foundation of the FRM Part 1 exam, and AnalystPrep’s question bank ensures you not only understand their definitions but also apply them effectively.
How AnalystPrep Helps You Master FRM Part 1
- Concept breakdowns for every key topic.
- Formula retention techniques to help you memorize equations.
- Real-world examples to reinforce your understanding.
- Targeted practice questions that mirror exam difficulty.
Boost your exam readiness with AnalystPrep’s comprehensive FRM Part 1 study package!
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“Thanks to your program I passed the first level of the CFA exam, as I got my results today. You guys are the best. I actually finished the exam with 45 minutes left in [the morning session] and 15 minutes left in [the afternoon session]… I couldn’t even finish with more than 10 minutes left in the AnalystPrep mock exams so your exams had the requisite difficulty level for the actual CFA exam.”
James B.
“I loved the up-to-date study materials and Question bank. If you wish to increase your chances of CFA exam success on your first attempt, I strongly recommend AnalystPrep.”
Jose Gary
“Before I came across this website, I thought I could not manage to take the CFA exam alongside my busy schedule at work. But with the up-to-date study material, there is little to worry about. The Premium package is cheaper and the questions are well answered and explained. The question bank has a wide range of examinable questions extracted from across the whole syllabus. Thank you so much for helping me pass my first CFA exam.”
Brian Masibo
“Good Day!
I cleared FRM Part I (May-2018) with 1.1.1.1. Thanks a lot to AnalystPrep and your support.
Regards,”
Aadhya Patel
“@AnalystPrep provided me with the necessary volume of questions to insure I went into test day having in-depth knowledge of every topic I would see on the exams.”
Justin T.
“Great study materials and exam-standard questions. In addition, their customer service is excellent. I couldn’t have found a better CFA exam study partner.”
Joshua Brown
“I bought their FRM Part 1 package and passed the exam. Their customer support answered all of my questions when I had problems with what was written in the curriculum. I’m planning to use them also for the FRM Part 2 exam and Level I of the CFA exam.”
Zubair Jatoi
“I bought the FRM exam premium subscription about 2 weeks ago. Very good learning tool. I contacted support a few times for technical questions and Michael was very helpful.”
Jordan Davis
