Credential type: professional designation earned by examination · verified on the issuer's site September 25, 2026 issuer page
Exam Domains
1 Financial Markets and Products30%
2 Foundations of Risk Management20%
3 Quantitative Analysis20%
4 Valuation and Risk Models30%
Exam Details
Question TypesMultiple Choice
FormatLinear
Online ProctoringAvailable
ID RequirementsOne valid, unexpired government-issued photo ID. Name must match GARP registration exactly.
RenewalRequired -- FRM certification requires 40 hours of Continuing Professional Development (CPD) per year. CPD activities include professional development, education, and contribution to the risk management profession.
Prerequisites2 years of relevant professional financial risk experience required to claim FRM designation (exam can be taken without this, but designation requires experience) (recommended)
Retake PolicyFRM exams offered twice per year (May and November). No limit on total attempts. Part I and Part II must both be passed within 4 years.