FRM Part 1 and Part 2 Complete Online Course
- Video Lessons 93+ hours
- Question Bank 4,000+ questions
- Students Enrolled 10,000+
Mastering Financial Risk Management (FRM) isn’t just about memorizing formulas—it’s about understanding how risk works in the real world. That’s why our FRM Part I & Part II Complete Online Course is designed to go beyond theory, using real-world examples, visual analogies, and exam-style practice questions to make complex concepts easier to grasp.
Course Features
James Forjan, PhD
Original price was: $999.00.$799.00Current price is: $799.00.
Course Features
- Video Lessons for FRM Part I & Part II
- Online and Offline (Printable) Study Notes for FRM Part I & Part II
- Online and Offline (Printable) Question Bank for FRM Part I & Part II
- CBT Mock Exams for FRM Part I & Part II
- Formula Sheets
- Performance Tracking Tools
- Unlimited Ask-A-Tutor Questions
- Lifetime Access
- 24/7 Technical Support
Related Courses
Course Overview
What Makes This FRM Online Course Stand Out?
● Learn Visually & Practically: Our FRM study notes and video lectures break down difficult topics using intuitive visual explanations, so you can see the logic behind risk models, valuation techniques, and financial markets.
● Real-World Applications: We bring risk management to life with case studies and industry scenarios, helping you connect concepts to real finance challenges.
● Exam-Style Questions & Mocks: Our FRM Part I & Part II practice questions mimic the difficulty level, structure, and style of the actual GARP FRM exams.
● Up-to-Date Study Materials: The question bank is regularly updated to reflect the latest GARP syllabus changes, so you’re always studying relevant content.
Why settle for generic FRM prep course? Our course is designed to make learning engaging, practical, and exam-focused—giving you the best shot at success.
Course Overview
Understanding the structure of the FRM Part I & Part II exams is essential for strategic preparation. The exam is rigorous and highly competitive, but with the right approach, you can maximize your chances of passing on your first attempt.
FRM Part I: Exam Breakdown & Weightage
FRM Part I focuses on the fundamental principles of risk management and the quantitative techniques used by financial professionals. It consists of 100 multiple-choice questions and is offered three times a year at computer-based testing centers.
The exam is divided into four key topics, each contributing a specific percentage to your overall score:
✅ Foundations of Risk Management – 20%
✅ Quantitative Analysis – 20%
✅ Financial Markets and Products – 30%
✅ Valuation and Risk Models – 30%
Pass Rate: Increase Your Chances of Passing – The FRM exam is known for its difficulty, but AnalystPrep’s proven study tools are designed to help you prepare smarter and score higher—just like thousands of successful candidates.
Exam Strategy: Since Valuation and Risk Models and Financial Markets and Products account for 60% of the exam, focusing on these areas can significantly boost your score.
FRM Part II: Exam Breakdown & Weightage
FRM Part II takes a deeper dive into risk management applications, focusing on real-world financial risks across different sectors. It consists of 80 multiple-choice questions and is offered twice a year.
The exam covers six key topics, each with a different weightage:
✅ Market Risk Measurement & Management – 20%
✅ Credit Risk Measurement & Management – 20%
✅ Operational & Integrated Risk Management – 20%
✅ Liquidity & Treasury Risk Management & Measurement – 15%
✅ Risk Management in Investment Management – 15%
✅ Current Issues in Financial Markets – 10%
Pass Rate: The average pass rate for FRM Part II is around 50%—but keep in mind that by this stage, most candidates have already failed Part I at least once.
Exam Strategy: Since Market Risk, Credit Risk, and Operational Risk together make up 60% of the exam, these should be your primary focus areas.
Course Curriculum
We at AnalystPrep believe in transparency. Feel free to check out some of our free videos below. We are sure you will love them.
- Lesson 1 The Building Blocks of Risk Management
- Lesson 2 How Do Firms Manage Financial Risk?
- Lesson 3 The Governance of Risk Management
- Lesson 4 Credit Risk Transfer Mechanisms
- Lesson 5 Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM)
- Lesson 6 The Arbitrage Pricing Theory and Multifactor Models of Risk and Return
- Lesson 7 Risk Data Aggregation and Reporting Principles
- Lesson 8 Enterprise Risk Management and Future Trends
- Lesson 9 Learning From Financial Disasters
- Lesson 10 Anatomy of the Great Financial Crisis of 2007-2009
- Lesson 11 GARP Code of Conduct
- Lesson 1 Fundamentals of Probability
- Lesson 2 Random Variables
- Lesson 3 Common Univariate Random Variables
- Lesson 4 Multivariate Random Variables
- Lesson 5 Sample Moments
- Lesson 6 Hypothesis Testing
- Lesson 7 Linear Regression
- Lesson 8 Regression with Multiple Explanatory Variables
- Lesson 9 Regression Diagnostics
- Lesson 10 Stationary Time Series
- Lesson 11 Nonstationary Time Series
- Lesson 12 Measuring Return, Volatility, and Correlation
- Lesson 13 Simulation and Bootstrapping
- Lesson 1 Banks
- Lesson 2 Insurance Companies and Pension Plans
- Lesson 3 Fund Management
- Lesson 4 Introduction to Derivatives
- Lesson 5 Exchanges and OTC Markets
- Lesson 6 Central Clearing
- Lesson 7 Futures Markets
- Lesson 8 Using Futures for Hedging
- Lesson 9 Foreign Exchange Markets
- Lesson 10 Pricing Financial Forwards and Futures
- Lesson 11 Commodity Forwards and Futures
- Lesson 12 Options Markets
- Lesson 13 Properties of Options
- Lesson 14 Trading Strategies
- Lesson 15 Exotic Options
- Lesson 16 Properties of Interest Rates
- Lesson 17 Corporate Bonds
- Lesson 18 Mortgages and Mortgage-Backed Securities
- Lesson 19 Interest Rate Futures
- Lesson 20 Swaps
- Lesson 1 Measures of Financial Risk
- Lesson 2 Calculating and Applying VaR
- Lesson 3 Measuring and Monitoring Volatility
- Lesson 4 External and Internal Credit Ratings
- Lesson 5 Country Risk
- Lesson 6 Measuring Credit Risk
- Lesson 7 Operational Risk
- Lesson 8 Stress Testing
- Lesson 9 Pricing Conventions, Discounting, and Arbitrage
- Lesson 10 Interest Rates
- Lesson 11 Bond Yields and Return Calculations
- Lesson 12 Applying Duration, Convexity, and DV01
- Lesson 13 Modeling and Hedging Non-Parallel Term Structure Shifts
- Lesson 14 Binomial Trees
- Lesson 15 The Black-Scholes-Merton Model
- Lesson 16 Option Sensitivity Measures: The “Greeks”
- Lesson 1 Estimating Market Risk Measures: An Introduction and Overview
- Lesson 2 Non-parametric Approaches
- Lesson 3 Parametric Approaches (II): Extreme Value
- Lesson 4 Backtesting VaR
- Lesson 5 VaR Mapping
- Lesson 6 Messages from the Academic Literature on Risk Measurement for the Trading Book
- Lesson 7 Correlation Basics: Definitions, Applications, and Terminology
- Lesson 8 Empirical Properties of Correlation: How Do Correlations Behave in the Real World?
- Lesson 9 Financial Correlation Modeling—Bottom-Up Approaches
- Lesson 10 Empirical Approaches to Risk Metrics and Hedging
- Lesson 11 The Science of Term Structure Models
- Lesson 12 The Evolution of Short Rates and the Shape of the Term Structure
- Lesson 13 The Art of Term Structure Models: Drift
- Lesson 14 The Art of Term Structure Models: Volatility and Distribution
- Lesson 15 Volatility Smiles
- Lesson 16 Fundamental Review of the Trading Book
- Lesson 1 The Credit Decision
- Lesson 2 The Credit Analyst
- Lesson 3 Capital Structure in Banks
- Lesson 4 Ratings Assignment Methodologies
- Lesson 5 Credit Risks and Credit Derivatives
- Lesson 6 Spread Risk and Default Intensity Models
- Lesson 7 Portfolio Credit Risk
- Lesson 8 Structured Credit Risk
- Lesson 9 Counterparty Risk and Beyond
- Lesson 10 Netting, Close-out, and Related Aspects
- Lesson 11 Margin (Collateral) and Settlement
- Lesson 12 Credit Exposure and Funding
- Lesson 13 CVA (Part A)
- Lesson 14 CVA (Part B – Wrong-way Risk)
- Lesson 15 The Evolution of Stress Testing Counterparty Exposures
- Lesson 16 Credit Scoring and Retail Credit Risk Management
- Lesson 17 The Credit Transfer Markets and Their Implications
- Lesson 18 An Introduction to Securitization
- Lesson 19 Understanding the Securitization of Subprime Mortgage Credit
- Lesson 1 Principles for the Sound Management of Operational Risk
- Lesson 2 Enterprise Risk Management: Theory and Practice
- Lesson 3 What is ERM?
- Lesson 4 Implementing Robust Risk Appetite Frameworks to Strengthen Financial Institutions
- Lesson 5 Banking Conduct and Culture: A Permanent Mindset Change
- Lesson 6 Risk Culture
- Lesson 7 OpRisk Data and Governance
- Lesson 8 Supervisory Guidance on Model Risk Management
- Lesson 9 Information Risk and Data Quality Management
- Lesson 10 Validating Rating Models
- Lesson 11 Assessing the Quality of Risk Measures
- Lesson 12 Risk Capital Attribution and Risk-Adjusted Performance Measurement
- Lesson 13 Range of Practices and Issues in Economic Capital Frameworks
- Lesson 14 Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice
- Lesson 15 Stress Testing Banks
- Lesson 16 Guidance on Managing Outsourcing Risk
- Lesson 17 Management of Risks Associated with Money Laundering and Financing of Terrorism
- Lesson 18 Regulation of the OTC Derivatives Market
- Lesson 19 Capital Regulation Before the Global Financial Crisis
- Lesson 20 Solvency, Liquidity and Other Regulation After the Global Financial Crisis
- Lesson 21 High-level Summary of Basel III Reforms
- Lesson 22 Basel III: Finalising Post-Crisis Reforms
- Lesson 23 The Cyber-Resilient Organization
- Lesson 24 Cyber-resilience: Range of Practices
- Lesson 25 Operational Resilience: Impact Tolerance for Important Business Services
- Lesson 26 Principles for Operational Resilience
- Lesson 27 Striving for Operational Resilience
- Lesson 1 Liquidity Risk
- Lesson 2 Liquidity and Leverage
- Lesson 3 Early Warning Indicators
- Lesson 4 The Investment Function in Financial Services Management
- Lesson 5 Liquidity and Reserves Management: Strategies and Policies
- Lesson 6 Intraday Liquidity Risk Management
- Lesson 7 Monitoring Liquidity
- Lesson 8 The Failure Mechanics of Dealer Banks
- Lesson 9 Liquidity Stress Testing
- Lesson 10 Liquidity Risk Reporting and Stress Testing
- Lesson 11 Contingency Funding Planning
- Lesson 12 Managing and Pricing Deposit Services
- Lesson 13 Managing Nondeposit Liabilities
- Lesson 14 Repurchase Agreements and Financing
- Lesson 15 Liquidity Transfer Pricing: A Guide to Better Practice
- Lesson 16 The US Dollar Shortage in Global Banking and the International Policy Response
- Lesson 17 Covered Interest Rate Parity Lost: Understanding the Cross-Currency Basis
- Lesson 18 Risk Management for Changing Interest Rates: Asset-Liability Management and Duration Techniques
- Lesson 19 Illiquid Assets
- Lesson 1 Factor Theory
- Lesson 2 Factors
- Lesson 3 Alpha (and the Low-Risk Anomaly)
- Lesson 4 Portfolio Construction
- Lesson 5 Portfolio Risk: Analytical Methods
- Lesson 6 VaR and Risk Budgeting in Investment Management
- Lesson 7 Risk Monitoring and Performance Measurement
- Lesson 8 Portfolio Performance Evaluation
- Lesson 9 Hedge Funds
- Lesson 10 Performing Due Diligence on Specific Managers and Funds
- Lesson 11 Finding Bernie Madoff: Preventing Fraud by Investment Managers
- Lesson 1 Machine Learning and AI for Risk Management
- Lesson 2 Artificial Intelligence Risk & Governance
- Lesson 3 Covid-19 and Cyber Risk in the Financial Sector
- Lesson 4 Holistic Review of the March Market Turmoil
- Lesson 5 LIBOR Transition Case Studies for Navigating Conduct Risks
- Lesson 6 Beyond LIBOR: A Primer on the New Benchmark Rates
- Lesson 7 Climate-related Risk Drivers and their Transmission Channels
- Lesson 8 The Rise of Digital Money
James Forjan, PhD
Professor James Forjan has taught college-level finance classes for over 25 years. With a clear passion for teaching, Prof. Forjan has worked in the CFA exam preparation industry for decades after earning his charter in 2004. His resume includes:
☑ BS in accounting
☑ MSc in Finance
☑ Ph.D. in Finance (minor in Economics and two PhD level classes in Econometrics)
☑ Has taught at different 6 universities (undergraduate and graduate-level Finance classes)
☑ Co-author of investment books
☑ Has crafted, edited, updated, and upgraded a multitude of CFA exam type questions at all levels
☑ And much more…
Reviews 12
Pratham K.2024-07-11 13:43:13
Loved the video series. I love the video series because the explanation is provided in the simplest manner. It is helping me in clearing my concepts.
Mary F.2023-08-18 14:22:01
BIG THANK YOU! I'd like to special thank you for Prof Forjan and the team. [...] I'm more than grateful to have access to these amazing tutorials here which greatly ease my study pressure and gain confidence. [...] Once again, a big THANK YOU!
Roz M.2022-06-03 15:19:57
Just wanted to say thank you to everyone at Analystprep for helping me pass the CFA level 1 examination. Professor James Forjan is a very charismatic lecturer who can make these topics interesting and explains the key points well. The question bank is large and a valuable resource for exam preparation. [ ... ]
James B.2019-03-14 14:04:41
"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."
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Aadhya Patel2018-10-16 18:21:06
"Good Day! I cleared FRM Part I (May-2018) with 1.1.1.1. Thanks a lot to AnalystPrep and your support. Regards,"
Justin T.2017-09-28 07:55:56
“@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.”
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Zubair Jatoi2017-09-28 02:47:09
“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.”
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“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.”
Abdulgadir M.2024-08-11 17:55:47
James Forjan is just Brilliant. I'm totally new to these exams and James Forjan's videos have been really helpful, I'm looking to take my exam this February. I'm from London, highly recommend.