FRM - FAQs
Q: What is the FRM designation?
A: The FRM (Financial Risk Manager)
designation is a professional certification for risk
management professionals, recognized globally.
Q: Who administers the FRM exams?
A: The FRM exams are administered by the
Global Association of Risk Professionals (GARP).
Q: What are the benefits of earning the FRM designation?
A: Earning the FRM designation demonstrates
expertise in risk management, enhances career
opportunities, and increases earning potential.
Q: How many levels are there in the FRM exam?
A: There are two levels in the FRM exam: Part I
and Part II.
Q: What topics are covered in the FRM exam syllabus?
A: The FRM exam syllabus covers topics such as
quantitative analysis, financial markets and
products, valuation and risk models, and risk
management and investment management for
Part I. Part II consists of market risk
measurement and management, credit risk
measurement and management, operational risk
and resilience, liquidity and treasury risk
management, risk management and investment management, and current issues in financial
markets.
Q: What is the format of the FRM exams?
A: The FRM exams consist of multiple-choice
questions, with 100 questions in Part I and 80
questions in Part II.
Q: How long is each part of the FRM exam?
A: Each part of the FRM exam is four hours long.
Q: How are the FRM exams graded?
A: The FRM exams are graded on a pass/fail
basis.
Q: What is the passing score for the FRM exams?
A: The passing score for the FRM exams is
determined by GARP and may vary from exam to
exam.
Q: How do I register for the FRM exams?
A: You can register for the FRM exams through
the GARP website.
Q: Are there any prerequisites for taking the FRM exams?
A: There are no specific prerequisites for taking
the FRM exams, but candidates are expected to have a strong understanding of finance and risk
management concepts.
Q: How many times can I retake the FRM exams if I fail?
A: There is no limit to the number of times you
can retake the FRM exams if you fail, but you
must pay the registration fee each time.
Q: Can I use calculators during the FRM exams?
A. Yes, you can use specified financial
calculators during the FRM exams. The two calculators allowed are Texas Instruments BA II Plus
(including BA II Plus Professional) and Hewlett
Packard 12C.
Q: Is there any study material available for the FRM exams?
A. Yes, GARP provides study materials for the
FRM exams, and there are also many third-party
study materials available.
Q: How can I verify my FRM certification status?
A: You can verify your FRM certification status
through the GARP website or by contacting GARP directly.
Q: How many times is each part written per year?
A: Each part is typically written three times per year (May, August and November)
Please Note
Remember that these answers are brief summaries, and candidates should refer to the official CFA Institute and GARP materials and guidelines for more detailed and accurate information.