Frequently Asked Questions
1. What is the format of the FRM Exam?
The FRM Exam is divided into two parts. Part I focuses on tools used to assess financial risk, and Part II emphasizes the application of those tools. Each part is a multiple-choice exam.
2. Can I register to sit for the FRM Part I and Part II on different dates?
Yes, you can register to sit for the FRM Part I and Part II exams on different dates. Many candidates choose to take Part II after they pass Part I.
3. What is the total number of FRM Exam Part I and II questions?
Part I consists of 100 multiple-choice questions, while Part II consists of 80 multiple-choice questions.
4. What topics are covered in the FRM Part 1?
The FRM Part I covers four topics: Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models.
5. What topics are covered in the FRM Part 2?
The FRM Part II covers five topics: Market Risk, Credit Risk, Operational Risk, Liquidity and Treasury Risk, and Risk Management and Investment Management.
6. Is FRM Difficult to Pass?
The FRM exam is challenging, with a pass rate typically ranging from 40-50%. It requires thorough preparation and understanding of the subject matter.
7. What is the recommended study time for Part 1 and Part 2 of the FRM Exams?
It is recommended to study for at least 200-300 hours for each part of the FRM exam to ensure thorough understanding and preparation.
8. Are there any requirements or qualifications necessary to enroll in the FRM Program?
There are no specific prerequisites to sit for the FRM exam. However, having a strong foundation in finance and risk management is beneficial.
9. What is the FRM designation?
The FRM designation is a globally recognized credential for risk management professionals, awarded by the Global Association of Risk Professionals (GARP).
10. Is it allowed to take the FRM Exam Part I and Part II on the same day?
Yes, candidates are allowed to take both Part I and Part II on the same day, but it is highly recommended to pass Part I before attempting Part II due to the difficulty level.
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