Does anyone know what the format of the FRM specific exam is???

The FRM exam is divided into level 1 and level 2 (part and part) 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.

What do I need to bring to the exam? Is there anything to look out for?

1. ID card, admission ticket, special calculator and pencil.

2. You don't need to bring your own scratch paper, it will be sent during the exam;

3. No dictionary;

4. Only pencils can be used;

5. You can bring food during the test, but you are not allowed to eat it in the test room;

6. Of course, mobile phones and other communications cannot be brought;

7. Watches with digital displays cannot be worn.

FRM (Financial Risk Manager) is the top authoritative international qualification in the field of global financial risk management, established by the Global Association of Risk Professionals (GARP) in the United States.

GARP is one of the world's largest financial associations with 150,000 members from more than 195 countries, serving more than 5,000 banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. Its main function is to raise standards in the field of financial risk management worldwide through the exchange of information and the implementation of educational programs.

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.

The FRM exam is divided into two levels, the content of the exam is biased towards risk management, and the proportion of quantitative is larger, the FRM level 1 exam has a total of 100 questions with four exam subjects, and the level 2 exam has a total of 80 questions with six exam subjects.

The subjects of the FRM Level 1 exam include: Fundamentals of Risk Management, Quantitative Analysis, Financial Markets and Financial Products, and Risk Modeling.

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", "Liquidity Risk Management", and "Frontier Topics in Financial Markets".

Level 1 focuses on basic financial instrument theory, the basics of financial markets and their detailed definitions, and methods for measuring risk, with a focus on conceptual understanding rather than practicality.

The content of the Level 2 exam emphasizes the relevant concepts of financial risk management application, focuses more on the competence of tools, and extends the risk management measurement method beyond the value-at-risk method.

For the FRM exam, it systematically introduces the credit risk, market risk, operational risk, liquidity risk and quantitative management methods of various financial instruments, and pays great attention to mathematical statistics.

Click here to receive a free FRM Gift Pack!

How do I prepare for the FRM exam?

1. Read more textbooks, listen to more courseware, and do more practice questions.

Read more textbooks, this is to know and understand the relevant content of the FRM exam subjects; Listen to the courseware more, this is to answer your doubts and questions when reading the textbook; Do more practice questions and laugh at the competition, which is to master and consolidate the relevant knowledge of the FRM exam subjects you have learned.

2. Reasonably allocate work and rest time, and achieve a combination of work and rest.

For candidates, it is important to pass the FRM exam. But if you spend all your time studying, you will neglect your physical health, and you will not be able to prepare for the exam well if you are not in good physical condition.

3. The allocation of learning time for each subject should be prioritized and detailed, but it should also be considered comprehensively.

4. Develop a practical and tailor-made study plan for FRM exam preparation.

You need to make a plan that can be fully realized according to your personal learning characteristics and habits.

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**

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.

Since 2010, the FRM exam has been divided into FRM Level 1 and FRM Level 2, of which the FRM Level 1 exam has a total of 100 questions, while the FRM Level 2 exam has a total of 80 questions; Therefore, the number of questions in the FRM Level 1 and FRM Level 2 exams is not the same.

FRM Level 1 Exam Question Composition: FRM Level 1 is mainly to examine the basic knowledge of financial risk, although the FRM exam is multiple-choice questions, but about 80% of the FRM Level 1 questions are calculation questions.

FRM Level 2 exam question composition: FRM Level 2 mainly examines the candidate's practical application of risk management knowledge, and the 80 questions are also multiple-choice questions, but there are many FRM Level 2 qualitative analysis questions and relatively few calculation questions. In fact, many candidates in the FRM exam cannot complete the questions within the specified time, and the GARP Association stipulates that the duration of the FRM Level 1 and FRM Level 2 exams is four hours, and if we subtract the time for scribbling, the actual time for answering the questions is less.

For the FRM Level 1 exam, it has 100 questions, and the average time for each question is just over 2 minutes, but FRM Level 1 is more calculating, and many candidates also say that the FRM Level 1 exam has almost become an "actuary" exam. Therefore, it can also be seen that the FRM Level 1 exam is very computationally intensive. This is also the reason why candidates can't finish the questions when they do wild fingers.

Comparatively, there are only 80 questions in the FRM Level 2 exam, but the FRM Level 2 exam has a lot of reading and long questions, which consumes a lot of candidates' time!

The 100 multiple-choice comic questions in the FRM Level 1 exam were arranged on the morning of the test day. The 80 multiple-choice questions in the FRM two-finger brother exam were scheduled in the afternoon of the test day. The whole written test requires the drawing of answer sheets.