| Part I | Part II |
|---|---|
| Foundations of risk management (20%) | Market risk measurement and management |
| Quantitative analysis (20%) | Credit risk measurement and management |
| Financial markets and products (30%) | Operational risk and resilience |
| Valuation and risk models (30%) | Liquidity and treasury risk; risk management and investment management; current issues |
USA FRM Exam: Quick Facts
- Offered by
- GARP
- Part I
- 100 questions, 4 hours
- Part II
- 80 questions, 4 hours
- Windows
- May, August, November
- Enrollment fee
- $400 (one-time)
Free practice test
Test what you know
Random questions, instant scoring and an explanation for every answer.
Start the USA FRM Exam practice test →More USA FRM Exam questions
Disclaimer: This guide is for general information and is not financial, tax, insurance or investment advice. Exam details, fees, blueprints and product terms change. Confirm with the official organization or a licensed professional. Read our editorial policy.