Financial Risk Management (FRM) 

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By the GARP – Global Association of Risk Professionals

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FRM is a rigorous 2-part exam offered by the Global Association of Risk Professionals (GARP). It’s the most esteemed and widely accepted risk management certification. If you wish to make a name for yourself in the financial world, your journey has to begin with the FRM exam.

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Today, the FRM certification is considered a major requirement in international finance and economics. Certified FRM professionals command respect from employers, peers, and clients. Recent events like the 2007/2009 financial crisis and the Greek debt crisis have reinforced the central role risk managers have to play in the modern world.

In order to become a certified Financial Risk Manager, you need to pass two challenging exams. FRM Part I consists of 100 multiple choice questions, while Part II carries 80 multiple choice questions. On top of that, you’ll be expected to accumulate two years of work experience in a field related to risk management.

 

Part 1 seeks to assess your understanding of the tools used to assess financial risk. There are four key areas: Quantitative Analysis, Fundamental Risk Management Concepts, Financial Markets and Products, and Valuation and Risk Models. 

 

The exam will challenge you on 100 multiple choice questions and is always offered in the morning and must be completed in four hours or less. Pass rates for the first part of the exam average around 50%.

 

FRM Part II tests your ability to apply the tools used to assess financial risk as introduced in part I. The part II exam carries 80 questions, slightly less than part I. However, there’s more ground to cover. Part II is always offered in the afternoon and must be completed in a maximum four hours.

 

Through our in-depth performance statistics, you will be able to keep tabs on your progress in every topic. Our specially designed dashboard in association with AnalystPrep summarizes your scores per chapter studied. It will help you to identify your strong and weak points and inform where you need to spend more time.

In addition, you can view charts and graphs that will give you relevant statistics on performance and time management – an important aspect to consider. You may have four hours to spend in the exam room, but from experience, time flies! You need to be mean with your time, and that calls for practice.

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All our performance tracking tools will increase your likelihood of obtaining a desirable score on the FRM exams.

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Our mission is to provide excellent service on your way to a rewarding and fulfilling career in financial risk management. All we want is to see FRM hopefuls succeed in their post-graduate exams with as much ease as possible.