What are the subjects of the FRM exam?

The subjects of the FRM Level 1 exam include:

Module 1: Fundamentals of Risk Management.

Module 2: Quantitative Analysis.

Module 3: Financial Markets and Products.

Module 4: Valuation and Risk Modeling.

FRM Level 2 exam subjects include:

In 2020, the FRM Level 2 will be upgraded from the original 5 subjects to 6, and new liquidity risk subjects will be added, with the weights of the three major risks of market, credit and operation each 20%, the weights of liquidity risk and portfolio risk 15% each, and the weight of financial cases 10%.

Module 1: Market Risk.

Module 2: Credit Risk.

Module 3: Operational Risk.

Module 4: Liquidity Risk.

Module 5: Portfolio Risk.

Module 6: Financial Cases.

The subjects of the FRM exam are slightly different from those of the first and second levels, which are as follows.

FRM PRT Exam Subjects (100 questions in total)?

of risk mngement (20%)

nlysis quantitative analysis (20%)

Mrkets ND Products Financial Markets & Financial Products (30%)

ND Risk Models Valuation and Risk Modelling (30%)

FRM PRT Exam Subjects (80 questions in total)?

Risk Mesurement nd Mngement Market Risk Measurement and Management (25%)

Risk Mesurement nd Mngement Credit Risk Measurement and Management (25%)

nd integrted risk mngement operations and integrated risk management (25%)

Mngement ND Investment Mungeement Investment Risk Management (15%)

Issues in Finncil Mrkets Financial Market Frontier Topics (10%)

The FRM Level 1 exam consists of four subjects: "Fundamentals of Risk Management", "Quantitative Analysis", "Financial Markets and Financial Products", and "Risk Modeling", which focus on tools for assessing financial risk.

The subjects of the FRM Level 2 exam include: "Market Risk Management and Measurement", "Credit Risk Management and Measurement", "Operational and Comprehensive Risk Management", "Investment Risk Management", and "Frontier Topics in Financial Markets", focusing on the application of the tools obtained at Level 1.

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What do I need to pay attention to when applying for FRM?

1. Knowledge of English.

The FRM test does not have an English subject, but the FRM test is conducted in English, and even if the GARP official understands that not every FRM candidate's native language is English.

2. Mathematical knowledge.

The FRM exam involves the examination of mathematical knowledge, and its difficulty is roughly similar to the difficulty of mathematics for postgraduate entrance examination for finance majors, so it is recommended that the mathematics level of candidates can be improved to the level of mathematics that can pass the postgraduate entrance examination for finance majors.

3. Knowledge of financial risk management.

There are two levels of FRM exam, namely FRM Level 1 Exam and FRM Level 2 Exam, FRM Level 1 exam subjects include risk management basics, quantitative analysis, valuation and crack risk modeling, financial markets and financial products, FRM Level 2 exam subjects include market risk management and measurement, credit risk management and measurement, operation and comprehensive risk management, liquidity risk management, investment risk management, and financial market frontier topics. Candidates can prepare for the exam in combination with the subjects of the FRM exam.

How much does it cost to register for FRM?

The registration fee for the FRM Financial Risk Manager is divided into 3 parts. First of all, the first fee generated by the exam is not the exam registration fee, but the registration fee generated by the registration official website, FRM candidates need to register for an official website when registering for this exam, and they can register for the exam only after successful registration, the registration fee is $400, and the validity period of the first successful registration is 4 years. The second fee is the registration fee, but it is divided into two cases, the first is the early bird** fee of $550, and the second is the standard**, the fee is $750, if you want to enjoy the early bird price, you need to register and pay within the specified time.

Finally, there's a datefee, which costs $10 and is charged once. In addition, from 2018 onwards, you will need to pay $40 for each FRM exam, and if you take the FRM level 1 and 2 at the same time, you only need to pay a venue fee of $40 once, which is also a fixed fee and will not change with the change of the time of destruction.

In order to let partners who are interested in FRM better understand the relevant knowledge of FRM and better learn, we have prepared a free FRM Financial Risk Control Workplace Improvement Training Camp, which can be received with one click

Since 2010, the FRM exam has been divided into two levels: Part I and Part II:

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.

Candidates can sit for both Part I and Part II exams, but only if they pass Part I, their Part II test results will be evaluated, and the certificate can only be obtained after passing both levels and meeting other requirements.

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.