
1. Essential Study Strategies
1.1 Create a Study Plan & Stick to It
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Allocate at least 200–300 hours of study per exam part.
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Begin studying 4–6 months before the exam to ensure adequate preparation.
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Break study sessions into manageable daily or weekly goals to cover the full curriculum.
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Use GARP’s official materials and third-party prep providers for structured study plans, practice questions, and mock exams.
1.2 Focus on the FRM Curriculum & Key Risk Concepts
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Every FRM exam question is based on the official GARP curriculum—study it thoroughly.
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Quantitative analysis and risk models are heavily tested—mastering these topics is crucial.
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Prioritize high-weighted topics such as Market Risk, Credit Risk, Operational Risk, and Liquidity & Treasury Risk for Part II.
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Ethics and risk governance are critical for risk professionals—ensure you understand their application.
1.3 Use Practice Questions & Mock Exams
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Attempt as many practice questions as possible to reinforce concepts.
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Take mock exams under timed conditions to simulate real exam pressure.
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Review incorrect answers carefully to identify weak areas and improve.
2. Exam-Day Strategies for Success
2.1 Time Management During the Exam
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The FRM exam lasts 4 hours, with 100 questions in Part I and 80 questions in Part II.
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Allocate time efficiently—don’t spend too long on a single question.
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If unsure about an answer, flag it and move on, then revisit later.
2.2 Master Exam Question Formats
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FRM Part I: Multiple-choice questions focusing on quantitative risk assessment, valuation, and risk modeling.
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FRM Part II: Multiple-choice questions requiring application of risk management frameworks to real-world scenarios.
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Ensure you understand how the exam tests risk concepts and adjust your study approach accordingly.
2.3 Stay Calm & Maintain Focus
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Get a good night’s sleep before the exam—avoid last-minute cramming.
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Read questions carefully, as some may have tricky wording.
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Use the GARP-approved calculator effectively for financial risk calculations.
How to Pass the FRM Exam
The FRM Exam is known for its rigor and complexity, requiring a strategic and disciplined approach to studying. Success in the exam demands strong analytical skills, effective study techniques, and a deep understanding of financial risk management concepts. Below are key strategies to help candidates pass the FRM exam efficiently.
