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FRM® Exam Structure

FRM®-Exam

 Note: Candidates may choose to sit for both parts on the same day, however if a candidate fails Part I their Part II exam will not be graded.

Exam topics

FRM Part I Exam:
The FRM Part I curriculum covers the tools used to assess financial risk: quantitative analysis, fundamental risk management concepts, financial markets and products, and valuation and risk models.

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FRM Part II Exam:
The FRM Exam Part II focuses on the application of the tools acquired in Part I through a deeper dive into market, credit, operational and integrated risk management, investment management as well as current market issues.

FRM®-Exam-3

Calculators
Only certain models of Texas Instruments (BA II Plus) and Hewlett Packard (10B II, 20B, and HP-12C) calculators are allowed to be used during the exam.
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