What does the FRM exam format look like

FRM test format: The FRM test is a one-time written test in English, the test time is 5 hours, all standardized test questions, 140 multiple-choice questions.

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Part 1 exams are four hours in the morning and are all standardized questions with 100 multiple-choice questions.

Part 2 exams are four hours in the afternoon and are all standardized questions with 80 multiple-choice questions.

You can apply for both Part 1 and Part 2 exams, but only if you pass Part 1, your Part 2 test results will be evaluated, and you can get the certificate only after passing both levels and meeting other requirements.

FRM Scoring Criteria: FRM exam candidates only know whether they passed the exam or not, but not the exact score. The passing score for FRM is determined by the absolute score of the candidate and the average score of the top 5% of candidates.

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FRM stands for Financial Risk Manager (translated as: Financial Risk Self-Manager), which is a globally recognized professional certification in financial risk management. Suitable for a wide range of industries.

The FRM certificate was established by the Global Association of Risk Professionals (GARP).

The FRM exam is divided into level 1 and 2 (part and part), and friends who are interested in financial risk management or are engaged in related work can improve their risk management knowledge level by taking the FRM exam, and can add a heavy bargaining chip for career development and career development.

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The FRM exam is divided into two levels. FRM Level 1 subjects include Fundamentals of Risk Management, Quantitative Analysis, Financial Markets and Products, Valuation and Risk Modelling; The subjects of the FRM Level 2 exam include Market Risk Management and Measurement, Credit Risk Management and Measurement, Operational Risk and Resilience, Liquidity and Capital Risk Chain Risk Measurement and Management, Investment Risk Management, and Frontier Topics in Financial Markets.

What is the focus of the FRM exam?

The FRM Level 1 exam mainly focuses on financial markets and products and valuation and modeling, accounting for 60% of the weighting. To enable candidates to have a basic understanding of financial products and reasonable control of major financial risks.

The FRM Level 2 exam focuses on the application of the tools obtained in the FRM Level 1 exam. It is mainly a combination of quantitative and qualitative examination of financial risks.

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What are the question types on the FRM exam?

The FRM Level 1 exam lasts for four hours and is all standardized questions with 100 multiple-choice questions; The FRM Level 2 exam lasts for four hours and is all standardized questions with 80 multiple-choice questions.

What exam materials are available for FRM?

Financial Risk Manager Exam Textbook: The main textbooks of the Financial Risk Manager Exam are as follows: Financial Risk Manager FRM Chinese textbook, Notes, and exambook provided by FRM Official Association GARP.

FRM Chinese textbook for financial risk managers: Chinese materials suitable for Chinese candidates to review, prepared according to the FRM exam syllabus, keywords combining Chinese and English, highlighting the importance and difficulties of learning and practice, targeted integration and improvement.

FRMEXAMBOOK: Based on the extracted various financial materials ** The syllabus of the exam is full of paragraphs, which can be selected by excellent candidates for English and financial foundations.

FRMnotes: This is an English textbook and one of the materials commonly used in the preparation process, produced by Kaplan, an American FRM training institution. It concentrates the core test sites of the FRM.

According to the FRM exam syllabus, it is a short book, but the content is arranged illogically, with a lot of repetitive content.

In order to let partners who are interested in FRM better understand the relevant knowledge of the FRM exam and better study, we have prepared a free FRM financial risk control career improvement training camp, which can be received with one click by poking below**

FRM examines both Level 1 and Level 2 content. The first level includes four subjects: "Fundamentals of Risk Management", "Quantitative Analysis", "Financial Markets and Financial Products", and "Risk Modeling". The second level includes six subjects: "Measurement and Management of Market Risk Allocation", "Measurement and Management of Credit Risk", "Operational Risk and Resilience", "Liquidity and Liquidity and Capital Risk Calculation", "Risk Management and Investment Management", and "Hot Issues in the Current Financial Market".

FRM exam question types and formats.

The FRM Level 1 exam consists of 4 exam subjects involving 100 multiple-choice questions, and the FRM Level 2 exam consists of 6 exam subjects involving 80 multiple-choice questions, all of which are tested in English and are paperless.

The gold content of the FRM certificate.

At present, the top 10 companies in the world that employ FRM licensees are the world's top financial institutions, and several major commercial banks in China encourage and reward employees to prepare for FRM. At present, China's major banks and foreign banks are in urgent need of recruiting talents with such certificates, and many banks have a policy of increasing the salary of FRM holders. In addition to banks, the salaries of other financial companies and companies will be better, and the salaries of those who work in the investment, **, analysis, and ** industries will be higher with the accumulation of work experience and the improvement of their abilities.

What are the difficulties of the FRM exam?

1. The knowledge system of the FRM exam changes rapidly.

Many of the knowledge points involved in the FRM exam subjects are updated every year, and some candidates are still using last year's textbooks in order to save the cost of some textbooks, so they must not pass the exam, while the knowledge is updated quickly, candidates should also keep up with the pace, if the content of the textbooks is updated, then the latest textbooks must be used for review and preparation.

2. Close connection with practice.

The FRM exam is closely related to practice, and the strong comprehensiveness is not just on paper to be able to pass the exam, so candidates need to have a relatively new understanding of the FRM exam, and qualified candidates still have to combine it with practice to understand the content of the knowledge points, which is beneficial to the candidates when memorizing the relevant basic knowledge points and practicing the corresponding exercises.

The FRM exam consists of two levels, and the FRM level 1 consists of four subjects, specifically from risk management fundamentals, quantitative analysis, valuation and risk modeling, financial markets and products. There are six subjects in FRM Level 2, which are market risk measurement and management, credit risk measurement and management, operational risk and flexibility, liquidity and capital risk measurement and management, risk management and investment management, and current financial market hot issues. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

Positions held by FRM holders:

According to the statistical report of the GARP Association, FRM licensees in financial institutions risk control personnel, financial unit auditors, asset managers, ** managers, financial traders (brokers), investment bankers, commercial banks, risk technology companies, risk consultants, corporate accounting and audit departments, CFOs, MIS, most of the holders serve large enterprises and financial institutions, such as Citibank, Standard Chartered Bank, Hengchen Hang Seng Bank, Morgan Stanley, Chinese Life Insurance, Industrial and Commercial Bank of China, Bank of China, Bank of Communications, Wells Fargo**, etc.

As of July 2008, ICBC had 140 financial risk managers (FRMs), accounting for more than 10% of the total number of financial risk managers in China, ranking first in the industry. Among them, more than 70% are directly engaged in risk management, and nearly 7% are engaged in the management of branch presidents or above, which directly promotes the improvement of ICBC's risk management level.

How do I prepare for the FRM exam?

First of all, we know that FRM is divided into Level 1 and Level 2, and the syllabus of Level 1 and Level 2 is different, the first step is to confirm whether you are preparing for Level 1 or Level 2, or both levels at the same time. After confirming the goal, we can start to prepare for the exam, and when preparing for the exam, there are three things to pay attention to in FRM, English, mathematics, and financial knowledge, all three of which are indispensable. FRM is an all-English test, which also means that candidates need to have a certain level of English ability to successfully take the test, especially reading ability, because the FRM test paper is a multiple-choice question, and some questions are very long, which requires everyone's reading ability.

There is also mathematics, finance and mathematics are linked, so candidates also need to be proficient in some of the arithmetic rules of the Golden Boy Banquet, in addition to these, it is more important to master professional financial knowledge! Click here for a free consultation with FRM Masters.

The FRM exam is divided into Part 1 exams and Part 2 exams:

Part 1 The first part of the exam focuses on the tools used to assess financial risk. They include: Fundamentals of Risk Management, Quantitative Analysis, Financial Markets and Financial Products, Valuation, and Risk Modeling.

Part 2 focuses on the application of the tools obtained in the first hail section of the FRM exam. These tools include: Residual Risk Measurement and Management of Market Source Keys, Credit Risk Measurement and Management, Operational and Integrated Risk Management, Investment Risk Management, Risk Measurement and Management of Liquidity and Funds, and Cutting-edge Topics in Financial Markets.

Gordon Finance will answer for you: FRM does not have high requirements for academic qualifications and background, and now FRM is divided into two parts: part1 and part2.

The first part of the FRM exam focuses on basic theoretical knowledge of financial instruments, the fundamentals of financial markets and their detailed definitions, and methods for measuring risk. The goal of this part of the exam is to ensure that FRM candidates have a better understanding of the basic financial instruments that need to be known to be a successful financial risk manager. Exams focus more on conceptual understanding than practicality.

The content of the FRM Part 2 exam emphasizes the relevant concepts of the application of financial risk management, and focuses more on testing the candidate's ability to apply financial instruments on the basis of the FRM Part 1, and will extend the risk measurement method beyond the value-at-risk method. Compared to the first part of the exam, the second part of the exam is more about case analysis and is more practice-oriented.

The Level 1 exam covers the basic concepts of risk management, quantitative analysis and valuation and analysis of financial products in the global financial markets. The Level 2 exam mainly examines the practical content of market risk, credit risk, operational risk and comprehensive risk management, focusing on the measurement and management of risk. At the same time, it has increased the examination of current hot issues in the financial market.

1. FRM test subjects.

The FRM Level 1 mainly includes Risk Fundamentals, Quantitative Analysis, Financial Markets and Products, Valuation and Risk Models. FRM Level 2 mainly includes market risk, credit risk, operational risk, investment risk, and financial hotspots.

2. FRM exam registration.

When registering for the exam, first log in to the official website of the association, complete your personal information, then verify, set the corresponding password, and then enter the registration page, you need to fill in the corresponding registration information, complete the registration and payment, and the registration is considered successful only after the payment is completed.