About FRM®
- Globally recognized professional certification for banking and finance professionals by Global Association of Risk Professionals (GARP)
- Fairly difficult and exclusive certification in the area of Finance and Risk Management
- Over 24,000 FRM charterholder in 90 countries across the globe
- Strong recognition among finance professionals across the world
- FRM Exam is a two part exam conducted in the months of May and November
- Minimum Eligibility Criteria: A graduate is eligible to give the exam
Benefits of FRM® exam
- Lucrative career options in Risk Management, Trading, Structuring, Modeling, etc. FRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few.
- Strong value addition to your skills, credentials and resume
- Complete coverage of risk management concepts
Structure of the Exam
| FRM Exam Part | Number of Questions | Duration of the exam |
|---|---|---|
| Part I | 100 | 4 Hours |
| Part II | 80 | 4 Hours |
The questions are multiple choice and there is no negative marking.
FRM Part I Exam
| Topic | Weightage in FRM Nov 2011 Exam |
|---|---|
| Quantitative Analysis | 20 % |
| Financial Markets and Products | 30 % |
| Valuation and Risk Models | 30 % |
| Foundation Of Risk Management | 20 % |
FRM Part II Exam
| Topic | Weightage in FRM Nov 2011 Exam |
|---|---|
| Market risk measurement and management | 25 % |
| Credit risk measurement and management | 25 % |
| Operational & Integrated Risk Management | 25 % |
| Risk Management & Investment Management | 15 % |
| Current Issues in Financial Markets | 10 % |
Click here for sample Questions
Exam centre in India are in Mumbai, Delhi, Bangalore, Chennai, Kolkata and Hyderabad.
FRM Certificate Requirements
In order to be certified as a Financial Risk Manager (FRM®) and be able to use the FRM acronym after your name, the following is required -
- A passing score in the FRM Part I and Part II Exams
- Active Fellow membership in the Global Association of Risk Professionals
- A minimum of two years experience in the area of financial risk management or another related field including, but not limited to, trading, portfolio management, academic or industry research, economics, auditing, risk consulting, and/or risk technology
Certification Fee
FRM Exam Part I (Nov 2011)| Registration Deadlines (23:59 EST) | New Candidates (USD $) | Returning Candidate* (USD $) |
|---|---|---|
| Early Registration (Dec. 1, 2010 - July 31, 2011) | Enrollment Fee: $300 Exam Fee: $350 Total: $650 | Enrollment Fee:N/A Exam Fee: $350 Total: $350 |
| Standard Registration (Aug. 1 - Aug. 31, 2011) | Enrollment Fee: $300 Exam Fee: $475 Total: $775 | Enrollment Fee: N/A Exam Fee: $475 Total: $475 |
| Late Registration (Sept 1 - Oct 15) | Enrollment Fee: $300 Exam Fee: $650
| Enrollment Fee: N/A Exam Fee: $650
Total: $650
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* Returning Candidates from the 2010 FRM Exam Full need to pay the differential in the enrollment fee of $150
FRM Exam Part II (Nov 2011)| Registration Deadlines (23:59 EST) | Enrolled Candidates (USD $) |
|---|---|
| Early Registration (Dec. 1, 2010 - July 31, 2011) | Enrollment Fee: N/A Exam Fee: $350 Total: $350 |
| Standard Registration(Aug. 1 - Aug. 31, 2011) | Enrollment Fee: N/A Exam Fee: $475 Total: $475 |
| Late Registration (Sept. 1 - Oct. 15, 2011) | Enrollment Fee: N/A Exam Fee: $650 Total: $650 |
In order for an application to be considered as having been submitted by the appropriate registration deadline, the registration form AND payment must have been received or postmarked by midnight, New York Time, on July 31, 2011; or August 31, 2011; or October 15,2011, respectively. Submitting just the registration form without the appropriate payment due at that time will result in an incomplete application. If your fee is paid at a later date, you will be charged the applicable fee as of the date the payment is received by GARP.
- GARP website
Authorized Training Provider for FRM
