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The global pass rate of FRM in recent years is shown in the figure below:
FRM (Fibre-Reinforced Metal) is an abbreviation for fiber-reinforced metal. Including composite materials, fiber is a dispersed material, and metal is a matrix material to achieve the purpose of modifying metal materials. At the same time, it also refers to FRC (Fibre-reinforced Ceramic) fiber reinforced ceramics and FRP (Fibre-reinforced plastic) fiber reinforced plastics.
FRM (Financial Risk Manager) is the world's top authoritative international qualification in the field of financial risk management, developed by the United States"Global Risk Management Institute"(Global Association of Risk Professionals, GARP) was established.
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.
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FRM Global Exam Pass Rate.
Year Subjects Global Pass Rate.
May 2010 Part 1
part 2
November 2010 Part 1
part 2
May 2011 Part 1
part 2
November 2011 Part 1
part 2
May 2012 Part 1
part 2
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As one of the most valuable certificates in the financial industry, the difficulty of the FRM exam is bound to not be too simple. Let's take a look at the FRM exam pass rate in recent years.
In May, the pass rate of the FRM exam was 42% for the first level and 60% for the second level. In November 2018, the pass rate of the FRM exam was 50% for Level 1 and 56% for Level 2. In May 2018, the FRM exam pass rate was Level 1; The secondary pass rate is; In November 2017, the pass rate of the FRM exam was 42% for Level 1 and 52% for Level 2. In May 2017, the pass rate for the FRM exam was 42% for Level 1 and 54% for Level 2.
The above are the statistics of the pass rate of the FRM exam in recent years, and the pass rate of the FRM exam level 1 is much lower than that of the level 2 exam on the whole. Judging by the pass rate alone, the FRM exam is not easy to pass.
The FRM exam is not easy to pass, in the final analysis, the content of the exam is difficult, and some people can't stick to it and give up the exam; Some of them did not prepare well enough and failed the exam; There are also people who have worked hard but just don't understand the knowledge points and can't do it.
Is the FRM exam difficult**?
Difficulty 1: FRM is an all-English test, and the knowledge points are difficult to understand.
FRM is an all-English test, for domestic candidates, they are in the Chinese environment, and it will be difficult to accept. Learning FRM courses can be quite challenging, whether it is studying textbooks or doing problems. Especially for candidates who have a poor foundation in English, it will be even more difficult to learn to understand Gao Zhishi!
The English requirements for candidates in the FRM test are generally level 4-6, and according to the memories of candidates in previous years, it is relatively difficult to understand and use financial vocabulary. Think about it, if you can't even read the questions, let alone do the right ones!
Difficulty 2: The FRM exam is a new body of knowledge, and it is difficult to learn.
The FRM exam is a new knowledge system extended from the modern financial risk management system, and many candidates do not understand it, and even look confused, it is more difficult to learn, and it is difficult to achieve good results.
Difficulty 3: The FRM exam and risk control practice are interrelated, and the questions vary greatly.
The FRM exam will involve some knowledge of mathematics, such as probability and statistics, and will require candidates to use different risk measurement tools flexibly. What really stumps candidates is that the FRM exam is often interrelated with risk control practices, and most of the questions are based on reality and are very flexible. In addition, the FRM exam implements an invitation system, and the form of questions is changeable, which is difficult to master.
Although the FRM exam is not easy to pass, if we correct the problem in time and find a suitable method, the chance of passing is still relatively large. After all, difficult things are most afraid of people with hearts!
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The FRM Level 1 pass rate is 40% to 50%, while the Level 2 pass rate is a bit higher at 50% to 60%. In the August 2022 FRM exam, the Level 1 pass rate was 51 and the Level 2 pass rate was 57. But whether it is the FRM Level 1 exam or the FRM Level 2 exam, its elimination rate is very obvious.
FRM exam pass rate.
FRM Past Exam Pass Rate:
In August 2022, the FRM Level 1 pass rate: 51, and the FRM Level 2 pass rate: 57;
In May 2021, the FRM Level 1 pass rate: 47, and the FRM Level 2 pass rate: 59;
In November, the FRM first-level pass rate: 45, and the FRM second-level pass rate: 59;
In October, the FRM first-level pass rate: 44, and the FRM second-level pass rate: 62;
In November, the FRM first-level pass rate: 46, and the FRM second-level pass rate: 59;
In May, the FRM first-level pass rate: 42, and the FRM second-level pass rate: 60;
In November 2018, the FRM first-level pass rate: 50, and the FRM second-level pass rate: 56;
In May 2018, the FRM Level 1 pass rate: 41, and the FRM Level 2 pass rate: 53.
Judging from the pass rate over the years, the FRM first-level pass rate is 40% to 50%, while the second-level pass rate is higher, at 50% to 60%.
How to calculate the FRM exam pass rate.
The pass rate of the FRM exam is given by the GARP direct score difference, and the FRM pass rate is the ratio of the actual number of people who pass each level of the FRM exam to the reference number of the FRM exam (excluding the number of people who have abandoned, missed, and postponed).
Is the FRM exam competitive.
As far as the FRM exam is concerned, the competition is indeed obvious, and from the global exam pass rate mentioned above, we can clearly see that whether it is the FRM Level 1 exam or the FRM Level 2 exam, its elimination rate is very obvious. The FRM exam not only has a large number of applicants, but also causes its difficulty, that is, the All English Exam, as a global exam, the All English Exam is still relatively difficult for some candidates in China, and it takes time to make adjustments and improvements. GARP recommends that candidates prepare for the exam for 14 to 15 weeks, which is about 200 300 hours.
Candidates should adjust according to their actual situation. Candidates should prepare more time to avoid not being enough.
To sum up, it is recommended for the FRM exam that you apply for a training course, professional courses can help you find your strengths and learning methods, and effectively improve your learning efficiency.
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The official FRM exam pass rate is around 50%. Looking at the pass rate of the FRM exam over the years, the pass rate of the FRM Level 1 exam is lower than the pass rate of the FRM Level 2 exam.
1. The passing rate of the FRM Level 1 exam over the years.
In the past 7 years, the historical average pass rate in May is 43%, and the historical average pass rate in November is 43%.
In the last 3 years, the average pass rate in May and 46% in November has been average.
The pass rate of FRM Level 1 in the past 3 years is lower than that in the past 7 years, and it can be speculated that the difficulty of the FRM Level 1 exam is getting higher and higher.
2. The pass rate of the FRM Level 2 exam over the years.
In the past 7 years, the historical average pass rate in May and the historical average pass rate in November have been achieved.
In the last 3 years, the average pass rate in May and the average pass rate in November.
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The difficulty of the FRM exam is mainly reflected in the pass rate and content of the exam. The pass rate of the FRM Level 1 exam is basically above 40%, while the Level 2 exam is about 50%, and the overall exam content is still relatively difficult.
What the FRM exam exams in.
The FRM exam comprehensively examines students including Introduction to Risk Management, Quantitative Analysis, Financial Markets and Financial Products, Pricing and Risk Modeling, Market Risk Measurement and Management, Credit Risk Measurement and Management, Operational Risk Measurement and Management, Investment Risk, Accounting, Law and many other contents.
The FRM certificate has been recognized by Wall Street and many well-known financial institutions in Europe and the United States, risk management departments of large companies, as well as the most authoritative certification in the field of financial risk management, and has also become one of the requirements of the risk management departments of many multinational institutions.
The FRM exam is difficult to get started.
The FRM exam is a two-level exam, which is actually more difficult to get started than the FRM two-level exam. Although the FRM test is an all-English test, although the GARP does not require the candidate's English proficiency, in the actual test, the candidate needs to have at least CET-4, so that he can understand the questions, and if he can't even understand the questions, how to do the questions. In addition, the FRM exam is a professional exam in the financial industry, and the test paper must be filled with a large number of financial industry terminology, which requires candidates to master a considerable amount of financial English vocabulary.
In addition to English, the FRM exam also covers the basics of probability and statistics, which requires a certain level of mathematical ability.
FRM exam revision is difficult.
1. There are few FRM exam materials, although the GARP official provides the corresponding textbooks, but it is far from enough to rely on the textbooks to pass the roll test, compared with many domestic exams, the FRM exam preparation materials can be purchased on the market very little. Moreover, all kinds of materials on the market also have their own advantages and disadvantages, it is not easy for candidates to find satisfactory review materials, and the FRM exam has a lot of content, and it is obviously unrealistic to read every kind of material.
2. There are many contents of the FRM exam: There are a total of 10 subjects in the FRM exam, and each subject covers a large amount of knowledge and a wide range of knowledge, and more importantly, GARP updates the FRM knowledge points every year. If you want to effectively grasp the knowledge points in the FRM textbook, you need to work hard to achieve the effect of memorization and comprehension.
3. The FRM exam preparation cycle is long, and the exam is held in May and November every year, while the registration can already be made in December of the previous year and May of the current year, so the review time is nearly half a year. The FRM exam is an exam with a relatively long preparation cycle, which requires us to be able to persist and self-discipline, and maintain high learning momentum in a short period of time, many people can still do it.
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According to what I have checked on the Internet, the passing rate of the FRM exam in recent years is about 50%.
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FRM Global Exam Pass Rate.
Year Subjects Global Pass Rate.
May 2010 Part 1
part 2
November 2010 Part 1
part 2
May 2011 Part 1
part 2
November 2011 Part 1
part 2
May 2012 Part 1
part 2
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(1) When I first signed up, I read the syllabus: I thought it was very simple and despised it;
It's because I just started reading the outline, and I feel that I have been exposed to a lot of things, nothing more than some VAR, derivatives knowledge, etc., the content of the outline at the first level is not unfamiliar things, and the relative unfamiliar points at the second level, but in addition to credit risk, I have not been exposed to some basic knowledge, so I think it may be relatively simple.
2) Exams and exams: It doesn't seem to be that simple;
a. Because after reviewing, I found that many things are very detailed, especially before the exam, I did two sets of 100 questions outside the handbook, and found that many of them will not, and the real questions at the first level are better, although it feels not so easy, but most of the questions involve content that is quite familiar, no matter whether they will do it or not, most of them know what it means. During the first-level exam, the time was very tight, and in the end, there were nearly 10 questions that I didn't have time to do, so I fooled around casually, and I didn't expect anything to re-check. The first feeling after completing the first level is that I am between passing and not passing, and I have no bottom in my heart.
b. As for the second-level ones, after doing a set of test questions before the exam, more than half of them don't know what the questions are about, which completely exceeds the content of the handbook, and they don't read it if they read less than 100 questions, and most of them won't, and they give up if they can't read it, and wait directly for the exam. I thought to myself, let's go as a denominator this time, since I have reported, I have to take the exam, and it is good to save experience if I can't take the exam.
3) After the results come out: In fact, it is not so difficult to pass, and it is not difficult to pass the exam.
Why do I say that, because I know in my own heart that the first and second exams are explained separately:
a. The first-level exam is roughly estimated, and the paper score is estimated to be in the early 70s at most, and it feels more likely to be more than 60, and the final score is 1232, which is considered a low altitude, but I can also pass the 2232 exam, and I don't know what the standard is.
b, and the second level is more sad, the score is 21434, I think 22434 can also pass, I don't know the lowest to what extent. For the situation of the exam, it is conservatively estimated that at least 30 questions will not be at all, and the questions are not clear about what to say, which is completely beyond the content of the handbook, and it is also the reason why I said that it is not safe to just look at the handbook, the content of the secondary exam is very wide, and there are many actual cases. In the end, the score is estimated, it should be more than 50 points at most, and 60 will definitely not arrive, thinking that I am afraid that there is no first-level luck this time, and the luck is not bad.
The reason why you can pass such a low score is probably because Garp takes a proportional relationship, it doesn't matter how bad the test is, if most people are worse, then you can still pass.
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