Financial Risk Manager (FRM)

The FRM® is a globally recognised certificate of competency in Financial Risk Management conferred by GARP® . The certfication is awarded to candidates passing the FRM® examination conducted by GARP®.

FRM® is meant for professionals wishing to take up a career in the field of Risk Management in any investment institution across the globe. The risk manager’s job involves assessing, estimating and measuring, controlling and managing the risks of investments.

This is an integral part of the investment process. Towards this end, FRM® is the Global Benchmark for the Financial Risk Management professionals in the industry.

The FRM® exam is a practitioners' exam. Its emphasis lies on the practical applications of the subject. The FRM® syllabus is very dynamic and changes every year to reflect the recent global events and scenarios. The exam is percentile based and there is no defined minimum score in order to pass the exam. The exam is graded based on an aggregate score of all the students. There is no section-wise cut-off score and there is no negative marking for wrong answers. After the completion of the exam, the students are provided with score in relation to what sections they did better on for future reference and how they did in comparison to their peers. There is no fixed breakdown of questions that might be theoretical versus numerical problems.

The FRM® Exam consists of two parts – FRM® Exam Part I and FRM® Exam Part II. Only those who clear FRM® Exam Part I will be eligible to appear for the FRM® Exam Part II.

Candidates also have the option to take both FRM® Exam Part I and II at the same time, but in that case their Part II exam will be evaluated only if the clear the Part I, else they have to take both the parts again. Both the FRM® Exam Part I and FRM® Exam Part II will be offered simultaneously in May and November each year.