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FRM® Exam Structure & Content - Financial Risk Manager

Two-Level Format in 2011

GARP®  offers both parts of the FRM examination in May and November each Year. 

PART 1 FRM®

2011 FRM® Exam Dates: May 22nd and November 20th

The four-hour examination is split into two sections; each is two hours in length with a 30 minute break in between. The FRM® part 1 Exam is given in booklet form and administered in cities all over the world.

The 2011 FRM® part 1 Exam consists of 100 multiple-choice questions that test a candidate's knowledge base of the foundations of risk management.

The four topics covered include:

FRM® Part 1 Exam Topics

Weight

Foundations of Risk Management

20%

Quantitative Analysis

20%

Financial Markets and Products

30%

Valuation and Risk Models

30%

FRM® Part 2 Exam

2011 FRM® Exam Dates:
May 22nd and November 20th

The four-hour examination is split into two sections; each is two hours in length with a 1 hour 30 minute break in between.

The 2011 FRM® Part 2 Exam consists of 80 multiple-choice questions that test a candidate's knowledge of specific topics on the practical implementation and execution of approaches to measuring and managing market, credit, operational and firm wide risks, and also includes a new section covering current issues in financial markets.

The 5 topics covered include:

FRM® Level 2 Exam Topics

 Weight

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%

 For up to date exam enrolement costs please visit www.garp.com

GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Kaplan Financial of GARP Exam related information, nor does it endorse any pass rates that may be claimed by the Exam Prep Provider. Further, GARP is not responsible for any fees or costs paid by the user to Kaplan Financial nor is GARP responsible for any fees or costs of any person or entity providing any services to Kaplan Financial.   ERP®, FRM, GARP® and Global Association of Risk Professionals, ICBRR® and FBR™ are trademarks owned by the Global Association of Risk Professionals, Inc.


Exam Structure and Content