The Financial Risk Manager (FRM) is a certification which is a globally recognized benchmark and a professional designation for financial risk managers provided by the Global Association of Risk Professionals (GARP).

Who can do?

Anyone interested in the financial risk management can enroll for the FRM exam.

Course Outline

FRM (USA) Part-I FRM (USA) Part-II
• Foundations of Risk Management (20%)
• Quantitative Analysis (20%)
• Financial Markets and Products (30%)
• Valuation and Risk Models (30%)
• Market Risk Measurement and Management (25%)
• Credit Risk Measurement and Management (25%)
• Operational and Integrated Risk Management (25%)
• Risk Management and Investment Management (15%)
• Current Issues in Financial Markets (10%)

Exam Format

FRM (USA) Part-I FRM (USA) Part-II
100 Multiple Choice Questions 80 Multiple Choice Questions

Exam Duration

4 hours

Exam Dates

FRM (USA) Part-I FRM (USA) Part-II
Exams are held on the third Saturday of May and third Saturday of November every year. Part I is held in morning session. For next exam dates, please check out www.garp.org Exams are held on the third Saturday of May and third Saturday of November every year. Part II is held in afternoon session. For updated next exam dates, please check out www.garp.org

Exam Fee

• Program enrollment fee: USD 400

Early registration fee USD 350
Standard registration fee USD 475
Late registration fee USD 650

For updated fee structure, please check out www.garp.org Exam Location

For updated information, please check out www.garp.org