Study Materials for 2023 CFA®, FRM®, Actuarial, GMAT® and EA® Exams

FRM® Part 2 Exam Prep Course

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Master the FRM Part 2 Exam with 2,000+ Practice questions

Pass  the FRM Part 2 when you study with our adaptive mock exams and concise study notes: GARP® approved and trusted by 9,000+ candidates worldwide.

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FRM Exam Details

When is the FRM offered?

The FRM exams are typically offered three times per year — in May, August, and November. Registration deadlines occur several months before each exam window, as determined annually by GARP.

What percent of candidates pass?

The pass rate hovers around 50–60% on a given attempt. The exam is competitive and requires structured preparation to succeed.

What topics are covered on FRM Part II?

The exam covers six major areas: Market Risk Measurement and Management, Credit Risk Measurement and Management, Operational Risk and Resiliency, Liquidity and Treasury Risk, Risk Management and Investment Management, and Current Issues in Financial Markets. Questions are application-based and often integrate concepts across multiple risk domains.

Why does exam prep matter?

With 80 questions in 4 hours, the breadth of material, applied question style, and time pressure make focused preparation essential. Structured study plans, targeted question practice, and realistic mock exams help candidates build speed, confidence, and exam readiness.

If you’d like to explore AnalystPrep exam prep materials for free, click here.

A Complete FRM® Part 2 Prep Solution To Help You Pass

Everything you need to succeed, all in one affordable, GARP®-approved platform.

All-in-One Access

From study material to mock exams, video lessons and practice questions, AnalystPrep gives you every FRM Part 2 tool in a single package.

Trusted & Proven

Over 9,000 candidates use AnalystPrep each year, answering more than 0.8 million questions on our platform.

Affordable

Get GARP®-approved resources at a fraction of competitor prices, without compromising on quality. Affordable pricing starting at $349.

FRM® Part 2 Packages – Affordable, All-Inclusive Prep Options

Choose the plan that fits your study style. Every package includes access to the FRM Part 2 question bank, practice questions, and mock exams, trusted by thousands of candidates worldwide.

FRM Part 2 Practice Package

👉 Perfect if you already know the concepts and need practice-only resources.
$349 (12-Month Access)
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Complete FRM Part 2 question bank with 2,000+ exam-style practice questions
Printable mock exams designed to simulate real test conditions
Formula sheet for quick reference
Performance tracking tools to measure progress

FRM Part 2 Learn + Practice Package

👉 Best-selling package for candidates who want complete study material plus practice tools.
$499 (12-Month Access)
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Everything in the Practice Package, plus:
Concise study notes for FRM Part 2 curriculum
FRM video lectures to simplify complex topics
Full performance analytics across topics

Everything You Need to Pass FRM® Part 2, in One Platform

Built for busy candidates, AnalystPrep’s FRM Part 2 Question Bank, mock exams,video lessons and study material give you everything you need to prepare effectively and pass on your first try.

Concise FRM Part 2 Study Material

Stop wasting time with overwhelming textbooks. Our FRM Part 2 study material condenses the GARP® curriculum into clear, easy-to-digest notes that focus on what you actually need to pass.

FRM Part 2 Question Bank & Practice Questions

With more than 2,000 FRM Part 2 practice questions, our FRM question bank gives you exam-style problems for every learning objective. Each question includes full explanations so you can master concepts, not just memorize answers.

Adaptive Mock Exams & FRM Part 2 Sample Questions

Experience exam-day conditions with computer-based, timed mock exams. Our platform adapts to your weak areas, ensuring efficient practice. For quick reviews, try FRM Part 2 sample questions to reinforce key concepts between study sessions.

FRM Video Lectures (Add-On)

Prefer learning visually? Our FRM video lectures break down complex topics with real-world examples, helping you understand advanced risk management concepts step by step.

Smart Performance Tracking

Instantly see where you stand with our analytics dashboard. Track progress across all topics, measure improvement, and adjust your strategy — a key reason 9,000+ candidates worldwide trust AnalystPrep each year.

More than 9,000 candidates worldwide rely on AnalystPrep every year. With 0.8 million+ questions answered on our platform, you’ll be joining a proven study system that works.

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What’s Included in Your Free Trial

Complete access to sample materials
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Mobile and desktop access
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FRM® Part 2 – Frequently Asked Questions

What does the FRM Part 2 Question Bank include?

Our FRM Part 2 question bank contains over 2,000 practice questions that mirror the actual GARP® exam format. Each question comes with detailed solutions to help you understand concepts, not just memorize answers.

How are the FRM Part 2 mock exams structured?

Our FRM Part 2 mock exams replicate the real exam in both structure and difficulty. They are computer-based, timed, and adaptive, helping you practice under real test conditions so there are no surprises on exam day.

Do I get study material with the packages?

Yes. The FRM Part 2 study material includes concise study notes written by certified FRMs, formula sheets, and video lectures. These resources simplify complex topics and keep you focused on key exam concepts.

Is this package GARP® approved?

Yes. AnalystPrep is officially GARP-approved, ensuring that our FRM Part 2 practice questions, study material, and mock exams align with the latest curriculum.

How long will I have access to my package?

The FRM Part 2 Practice and Learn + Practice packages provide 12 months of access. The Unlimited Package offers lifetime access, including updates for future curriculum changes.

Can I upgrade later if I start with a smaller package?

Yes. You can upgrade from the Practice Package to Learn + Practice or even the Unlimited Package at any time, paying only the price difference.

What if I’m not ready to buy right now?

If you’re still exploring options, you can start with our Free Trial. It gives you access to sample FRM® Part 2 practice questions, study notes, and a mock exam preview. But remember,  the exam is only months away. The sooner you start, the more confident you’ll be on test day. Don’t wait, begin your preparation today.

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What Should You Expect from the FRM Part 2 Exam?

The GARP FRM exam focuses on applying advanced risk management techniques across five core topics—plus current issues affecting global markets. Each topic carries a different weight in your final score:

Market Risk Measurement and Management – 20%

Credit Risk Measurement and Management – 20%

Operational and Integrated Risk Management – 20%

Liquidity and Treasury Risk Management – 15%

Risk Management in Investment Management – 15%

Current Issues in Financial Markets – 10%

You’ll face 80 multiple-choice questions in total, all designed to test not just your knowledge—but your ability to apply it. The exam is offered twice a year, in April and November.

The Pass rate for FRM Part 2 is around 50%. But don’t forget—most test-takers already cleared FRM Part 1, so the competition is fierce.

 

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