FRM FAQs

-by edu CBA

WINTER Template • The financial industry has seen some tremendous changes and developments over the past few years.

• And that is why the individuals who are able to manage risks and money at the same time are the need of the hour.

• FRM is a qualification for risk managing professionals who are involved in analyzing as well as controlling various types of risks like credit risk, market risk and liquidity risk.

Confused????

• Confused as to where you

will get all the answers

to all your FRM doubts?

• Well, don’t worry; we are

here to answer all your

doubts and queries.

• Coming is the list of all

the possible questions

that may arise in your

mind.

General FRM FAQ’S

What is the time duration required for FRM Exam preparation?

Candidates' preparation times will vary based on their prior experience level, academic record, and understanding of the concepts. Hence the exam preparation time is best dependent on individual efforts. Total preparation time can vary between 100 to 400 hours.

What are the career prospects after Certified FRM?

• Getting a FRM designation will help you differentiate yourself from your peers.

• It will act as a validation of your knowledge of the tools and techniques of risk management profession.

• You can get employed at- Banking institutions Government regulating agencies Consulting firms Financial services institutions

Is work experience needed before giving FRM Exam?

• Yes, you need to have two year professional work experience before giving the FRM examination.

• But at the same time there is no educational or professional prerequisite to sit for either part of the FRM Exam.

What is GARP, and why is GARP qualified to certify risk managers?

• GARP is the “Global Association of Risk Professionals “. It is the only globally recognized professional association for financial and risk certification and education.

• It was founded in 1996, is a nonprofit, nonpartisan membership organization of over 150,000 individuals.

• They develop, design, and administer certification programs that reflect best industry practices.

Can FRM Exam Part

I and Part II exam

be given on the

same day?

Yes, it is possible to appear

for both the exams on the

same day. Part I exam will be

conducted in the morning

whereas Part II in the

afternoon.

FRM FAQ’s on exam Registration Process

If I defer my Exam

test date, is there a

time limit on when I

need to re-register?

In such case there is no need to re-register. The procedure only postpones your Exam test date to the next available Exam test date. Hence your registration will automatically be made and a confirmation email will be sent to you. If one defers the May Exam, he will be automatically re-registered to sit for the November Exam.

Can one register

for the FRM Part

II Exam before

Part I?

No. You have to first complete and pass the FRM Exam Part I in order to register for the FRM

Exam Part II. However, one can choose to sit for both FRM Exams Part I and Part II on the same day. But in such case you must first pass Part I

before Part II to be graded.

No. There are no refunds given, nor can the candidates transfer a registration to another

candidate.

However the candidates can defer their FRM Exam to the following exam date, by paying US$100 administrative processing fee for the deferral.

Are the Exam fees refundable?

Yes. The last day to change your Exam

site for the May or November Exams is always the last day of

registration.

Is it possible to

change the Exam site?

What topics will be covered in the FRM

Exam Part I versus the FRM Exam Part II?

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