How much does the FRM exam cost and how much does it cost to pass the FRM exam?

The FRM exam began in 1997. By the end of 2009, more than 20,000 people worldwide had earned the FRM designation. The FRM exam has test centers in Beijing, Shanghai, Guangzhou, Chengdu, Wuhan, Hong Kong and Taiwan, and there are about 1,000 people in China (including Hong Kong and Taiwan) who have obtained the FRM certificate, which is an extremely scarce financial senior talent.

Does the strong competitive advantage brought by the FRM certificate make you want to move? So, do you know exactly how much it costs to apply for FRM?

1. FRM exam fee.

The FRM exam fee is divided into two parts: the enrollment fee and the exam fee. Candidates who register for the exam for the first time are required to pay both the registration fee and the examination fee, and repeat candidates and Level 2 candidates only need to pay the examination fee. In order to encourage candidates to prepare for the exam as early as possible, the GARP Association charges the fee according to the "early newspaper early discount", and candidates do not need to pay a membership fee during the exam.

The FRM exam is divided into Level 1 and Level 2, and the exam fee includes the registration fee and FRM registration fee, and the fee for the most favorable period is 300 + 350 + 350 = 1000 US dollars.

2. FRM textbook fee.

It is not mandatory to purchase FRM official textbooks for the FRM exam, and candidates can choose whether to purchase FRM official textbooks when registering for the exam.

The cost of the official textbook handbook is $125 + 7% tariff + $49 shipping, the total cost is relatively high, and it is not recommended that candidates choose the original official textbook when registering for the exam.

3. FRM counseling fees.

4. The most overlooked cost - time.

In fact, the biggest cost of FRM is the cost of time, if you pass the FRM level 1 or 2 within five years, then you can apply for the FRM certificate. Therefore, candidates must be mentally prepared and persevere to the end before applying for the exam, otherwise, giving up halfway is not only a waste of money, but also a waste of time!

FRM Registration Fee: $400.

The FRM entry fee is divided into three phases:

For registration in mainland China, there is also a $40 venue fee for each test.

The FRM exam fee includes a registration fee and an entry fee. The registration fee is $400 and is valid for four years; The early registration fee is $550, with an additional $50 processing fee for non-credit card payments; Candidates in China also need to pay a venue fee of US$40, and only need to pay a venue fee once when registering for the first and second exams; In 2019, there is a new date fee, which is a one-time fee of $10. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

FRM Exam Subjects:

The FRM exam is divided into two levels with a total of 10 subjects. The content of the FRM Level 1 exam focuses on the basic theoretical knowledge of financial instruments, the basic knowledge of the instant market and its detailed definition, and the method of measuring risk, and the exam focuses more on conceptual understanding than practicality. The content of the FRM Level 2 exam emphasizes the relevant concepts of financial risk management application, focusing more on testing candidates' ability to apply financial instruments on the basis of FRM Level 1, while the Level 2 exam is more about case analysis and practice-oriented. Click here for a free consultation with FRM Masters.

The 2022 FRM exam fee is divided into two parts: the registration fee and the registration fee. Candidates who register for the exam for the first time are required to pay the registration fee, examination fee, venue fee and data management fee, and re-examination candidates and Level 2 candidates do not need to pay the registration fee.

1. FRM registration fee.

Candidates who register for the FRM for the first time are required to pay the FRM registration fee. As of December 1, 2016, the registration fee for the FRM exam will be adjusted from $300 to $400.

2. FRM application fee.

Fees to be paid for FRM Level 1 and Level 2 registration in November 2022:

Note: In addition to credit card payments, candidates can also choose from checks and wire transfers.

Venue fee: $40 for each FRM exam, and $40 for FRM level 1 and 2 exams at the same time.

Data management fee: $10 one-time fee.

Therefore, the test fee for first-time candidates is $1,000 (early bird registration) or $1,200 (general registration); The exam fee for candidates is $590 (early bird registration) or $790 (regular registration).

Click here to receive a free FRM Gift Pack!

FRM Textbook Fee:

The GARP Association does not require candidates to purchase the Association's materials. This gives candidates a lot of autonomy. The FRM textbooks that candidates often choose are mainly produced by the GARP Association, Gordon and other organizations.

Mr. Gordon FRM took the textbooks produced by the GARP Association as an example: FRM exam books, which are available in electronic and paper versions, and the electronic version is free of charge when registering, and the paper version requires an additional $300. Candidates are free to choose.

Does FRM have to pay a membership fee?

If you register for the FRM exam for the first time, you will receive a one-year membership from the GARP Association. Candidates will need to pay the fee in the future. However, it is important to note that membership is not mandatory for the GARP Association.

Candidates can choose not to check the question of auto-renewal of membership fee when registering. The annual amount of FRM membership is $195, which can be purchased by candidates who are not short of money.

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 Exam Fees 2023:

1. Registration fee: $400.

The FRM exam is sponsored by the GARP Association, and candidates who pass the exam and get the certificate will become FRM holders, and the holder is a member of the GARP Association, so the registration fee is equivalent to the registration fee of the GARP Association members, ** is 400 US dollars. The fee must only be paid once during the entire examination period, and if the candidate does not receive the certificate, the association will not refund the fee.

2. Registration fee: $600 for early bird and $800 for standard.

There are two types of FRM exam registration fees, one is the early bird price and the other is the standard price. Although the names are different, they are both registration fees for the FRM exam, but they are divided into two types according to the morning and evening of the registration time, those who register early can enjoy discounts, and those who register late can only enjoy the original price. The early bird entry stage fee is $600 and the standard entry stage fee is $800.

2. Venue fee: $40.

The FRM exam is not a domestic exam, so there is no dedicated exam room, and each exam requires renting a space in advance. This item is only paid by domestic candidates,** which is $40 and must be paid for each test.

3. Data management fee: $10.

The posture used by the association to manage the test information of candidates can be understood as a marking fee, which is only paid once, ** is 10 US dollars.

But it doesn't mean that you will do this if you have a certificate, and you can do it well, it only means that you have the ability to do this certificate To put it bluntly, it is just a stepping stone, and I feel that foreign banks do not attach as much importance to FRM as Chinese banks. Risk management is generally implemented at the head office level, so it is more suitable to join the risk control department of the headquarters of a Chinese bank. For foreign banks, this function is generally not managed by local subsidiaries and branches. The above only involves commercial banks, and I don't know about the risk control of investment and insurance, so it's a different matter.

The FRM exam fee includes a registration fee and an entry fee. The registration fee is $400 and is valid for four years; The early registration fee is $550, with an additional $50 processing fee for non-credit card payments; Candidates in China also need to pay a venue fee of US$40, and only need to pay a venue fee once when registering for the first and second exams; In 2019, there is a new date fee, which is a one-time fee of $10. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

For first-time FRM candidates: $400 + $550 + $40 + $10 = $1,000.

FRM Exam Question Types:

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.

FRM Exam Subjects:

The FRM exam is divided into two levels with a total of 10 subjects. The content of the FRM Level 1 exam focuses on the basic theoretical knowledge of financial instruments, the basic knowledge of the instant market and its detailed definition, and the method of measuring risk, and the exam focuses more on conceptual understanding than practicality. The content of the FRM Level 2 exam emphasizes the relevant concepts of financial risk management application, focusing more on testing candidates' ability to apply financial instruments on the basis of FRM Level 1, while the Level 2 exam is more about case analysis and practice-oriented. Click here for a free consultation with FRM Masters.

The FRM exam fee includes the registration fee, registration fee, venue fee, and data management fee. Among them, the FRM registration fee is one "early bird price", $600, and the other is the "standard price", $800; The registration fee is equivalent to the membership fee of the GARP Association,** which is $400; The venue fee is $40, and there is a fee for each test; The data management fee is $10, and the association is responsible for the management of students' examination materials, which can be regarded as the marking fee.

FRM material fee (for example, official textbooks).

GARP will give FRM Level 1 Electricity Teaching Materials. Textbooks are required to prepare for the FRM exam. Regarding the cost of teaching materials, take the example of GARP:

FRMEXAMBOOKS produced by GARP are available in both electronic and paper versions, of which the cost of FRM Level 1 electronic materials is included in the registration fee; FRM Level 2 can be purchased on your own;

In addition, customs duties and shipping costs are included for paper books. Even an e-book costs thousands of RMB. The total cost is relatively high.

It is not mandatory to purchase FRM official textbooks for the FRM exam, and candidates can freely choose whether to purchase FRM official textbooks when registering for the exam.

FRM Late Exam Fee and Make-up Exam Fee.

According to the Garp official vacancy email, the 2021 FRM exam postponement fee will be changed to $200;

FRM Make-up Examination: Normal payment.

Do I need a calculator to take the FRM?

There are still a lot of calculations in the FRM Level 1 exam. In particular, quantitative analysis and financial markets and products are the two parts of the slag.

On the other hand, in the FRM test process, the scratch paper provided by the GARP official to the candidates is not "enough", and the candidates need to save on it.

Therefore, on the whole, a calculator is required for the exam FRM. In addition, the proficient use of the calculator is of great help to improve the speed of doing questions and pass the FRM exam.

The FRM exam follows the principle of "early newspaper and early discount", and the first application fee for the FRM level 1 exam in the early stage of our country is $1,000, and the cost of the FRM level 1 and level 2 exam is $1,590, and the registration fee at this stage is cheap. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).

FRM Exam Fee: There are four types of fees: Registration Fee, Registration Fee, Location Fee, and Date Fee.

FRM Exam Fees.

The registration fee is a fixed fee of $400;

It is important to note that the location fee is $40 if you only register for the FRM Level 1 exam, and $40 if you take the FRM Level 2 exam together.

The date fee is $10 and is charged once;

FRM registration policy, you should already be very familiar with the FRM official association has always followed the policy of early registration and early discount, so in the first stage of FRM registration fee is relatively small! Click here for a free consultation with FRM Masters.

It costs more than $1,000 to take the FRM exam, and the FRM exam fee includes the registration fee, the registration fee for the registration stage you are currently in, the location fee (China venue fee) and the datefee.

For registration in mainland China, the fee standards are mainly as follows:

The registration fee is $400, the Chinese venue fee is $40, and the datefee is $10, all of which are fixed fees.

May 2023 FRM Registration Fee (Initial Registration):

December 1, 2022 - January 31, 2023 (Early Bird Stage): FRM Level 1 requires 400 + 550 + 40 + 10 = $1,000; FRM level 1 and 2 at the same time, 400 + 550 + 40 + 550 + 40 + 10 = 1590 US dollars.

February 1, 2023 - March 31, 2023 (Standard Phase): FRM level 400 + 750 + 40 + 10 = 1,200 USD; The FRM level requires 400 + 750 + 40 + 750 + 40 + 10 = $1990.

What are the main ways to pay the FRM registration fee?

FRM registration fee payments are mainly made by the following methods:

2.Check- Must be a U.S. bank check or a foreign check from a U.S. intermediary bank wire transfer.

3.Wire Transfer - Wire transfer instructions can be found at the bottom of the invoice.

Note: There is an additional $50 processing fee for manual payments by check or wire transfer. Be sure to provide your spine garpid, a copy of your receipt, and your signature as proof. Once paid, the fee is non-refundable and non-transferable.

Please note that the exam registration fee does not include the cost of study materials.

What should I pay attention to when registering for the FRM exam?

1. Registration certificate.

The FRM exam registration is different from the domestic certificate exam, and candidates can only register with their passport or driver's license! You will also need to bring the same ID with you when you take the test. Pay attention to check whether the certificate has expired and other conditions!

2. Registration address.

When filling in, candidates should pay attention to the details of the address, because this address is the mailing address of the FRM certificate in the future. Filling in the address is also an important matter for registration.

3. The registration letter is suspicious.

When registering at FRM, you must pay attention to fill in the order of your name on your ID. Over the years, there have been candidates who write their names in reverse order.

4. Serino changed the registration mailbox.

The FRM exam needs to be registered before registration, and you need to use your email address to register when you register, and this email address will be an important channel for us to receive notifications from the GARP Association, and the password should also be backed up to prevent you from forgetting and causing some unnecessary trouble.