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