How much does the FRM exam generally cost, and how much does it cost to complete the two levels

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!

The 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 and examination fee, and repeat candidates and Level 2 candidates only need to pay the examination 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.

The GARP Association has announced the 2018 FRM registration fee, and the following is an example of November 2018 to introduce the FRM registration time and fee details:

From 2018 onwards, candidates in Chinese mainland will be required to charge an additional $40 venue fee for each level of the exam when registering for FRM. Candidates are aware. High. Pause.

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 total cost of the FRM Level 2 exam is $640 (early bird) or $840 (standard price), so students who want to register for the exam must hurry up and register in the early bird stage, and you can get a $200 discount.

A breakdown of FRM exam fees.

Taking the May 2023 exam as an example, the exam fee includes:

May 2023 Difference FRM Level: Early Bird $640, Standard $840.

May 2023 FRM Level 2: Early Bird $640, Standard $840.

All of the above fees are inclusive of venue fees.

In addition to the exam fee, the FRM fee generally includes the following:

Registration fee: $400.

Data management fee: $10.

Paper-based textbook fee: $300 (choose whether to pay or not).

How to pay for the FRM exam.

There are three payment methods for the FRM exam, including check, credit card, and wire transfer.

1. Check: It must be a check from a U.S. bank or a foreign check from a U.S. intermediary bank wire transfer, and a handling fee of $50 is required for payment by check.

2. Credit card: **The use of credit card payment must be a credit card that supports US dollar payment, generally a credit card with the words master, visa, etc., and candidates can use other people's credit cards without a credit card.

3. Wire transfer: There is also a handling fee of $50 for payment by wire transfer, and you must also provide the ID of the official website of Garp, a copy of the receipt and a signature.

FRM Level 2 Exam Preparation Strategy.

1. Try to go through the content of the original book related to the test center.

It is of great help to candidates with poor reading skills. The instructor only condenses the knowledge points and explains them in plain language, but it is best for candidates to check the original textbook, if the exam is not able to read the questions and miss the knowledge points they already know.

2. Summarize the knowledge points of each subject by yourself.

The mind map summarized by the teacher is not his own, and when sorting out the system of each subject, candidates can summarize and summarize according to their own understanding after understanding the teacher's thinking. It is recommended that candidates enter the final intensive class and listen to the teacher's explanation again.

3. Do practice questions.

In the last month, candidates can use the exercises to measure their mastery of each knowledge point, and familiarize themselves with the knowledge points of the wrong exercises again to achieve the effect of memorization.

The total cost of the FRM Level 1 exam is $1,000 (early bird) or $1,200 (standard), so students who want to register for the exam must hurry up and register in the early bird stage, there is a $200 discount!

There are four types of fees for the FRM Level 1 exam: EnrollmentFee, Registration Fee, LocationFee, and DateFee.

Details of the FRM Level 1 exam fees.

1) The registration fee is a fixed fee of $400;

2) The exam fee is divided into two stages, and the cost of each stage varies from early bird to $550 and standard price is $725.

3) LocationFee (China Venue Fee) is a new fee for the registration of the exam in May 2018, from now on, you need to pay $40 for each FRM exam, if you apply for the FRM level 1 and 2 at the same time, you only need to pay the venue fee of $40 once, which is also a fixed fee and will not change with time;

4) Datefee: A one-time fee of $10 will be charged for the annual FRM registration.

2023 FRM Level 1 Exam Time.

Early bird registration period: December 1, 2022 - January 31, 2023.

Standard price registration period: February 1, 2023 - March 31, 2023.

May 6 to May 19; Nov. 4 to Nov. 17.

How long is the recommended preparation time for FRM?

The GARP Association has suggested that Level 1 and Level 2 require 15 weeks to prepare for the exam, and a total of 6 months for the two.

As a well-known certificate in the field of financial risk management, FRM is certainly not low, so candidates should make a detailed revision plan before preparing for the exam. The preparation time given by the GARP Association is only a reference, and you still have to make your own study plan according to your own learning ability.

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.

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**