Eligibility :

There are no pre-qualification required to sit for the FRM Exam. However, the FRM program is recommended to B.com, B-tech, MBA, CFA, CA, CPA, and other finance professionals. As, this is an specialization program into Risk Management

Anyone can take Financial Risk Management Course examination irrespective of qualification. However, it is advised to take the FRM exam only after graduation.

Duration:

It takes nearly about 1.5 to 2 years to clear Part 1 and Part 2 of FRM Exams. Exams are conducted twice a year in May and November. The approximate cost of two exams is 60,000 (USD 1000) and tuition fee is 50,000.

Subjects:

Part 1

• Quantitative analysis,
• Fundamental risk management concepts,
• Financial markets and products, and
• Valuation and risk models.

Part 2

• Market risk
• Credit Risk
• Operational Risk
• Risk management and investment management
• Current issues in Financial Markets

Exam Duration

Each part of the exam is for four hours. FRM Exam part I consists of 100 multiple choice questions. So, technically we get 2.4 Mins for each questions. Which is more than CFA exam where we only get 1.5 min per question. FRM exam part I is held in morning session.

FRM Exam part II has 80 questions and same four hours but it is held in the afternoon session.

Calculators

Calculators are allowed in the exams. You can buy Texas Instrument BA II Plus / HP 10B II / HP 12C

Scoring

The is no negative marking for wrong answers. Candidates must pass FRM Exam part I in order to have FRM Exam part II graded. If you fail in FRM Exam part I and pass in FRM Exam part II you have to give both the exams again. Here, it is recommended that you should appear in exams one by one.

Results

Exam results are declared by email after 6 weeks of the exam. Candidates are given quartile results it’ll help them in judging their scores on specific areas relative to other candidates.