FRM Exam 2011 Details
FRM program is now conducted in a two-level examination format.
The exam is administered manually in paper and pencil format. The FRM Exam can be scheduled in various cities around the world. A complete list of the cities is located under the Exam Sites link on the GARP website.
FRM Part 1 Exam Information
Part I covers core areas of risk management such as quantitative analysis, financial markets and products, and essential risk modeling.
The FRM Exam Part 1 is given in booklet form. Candidates are given 4 hours to complete the 100 multiple-choice questions.
FRM Part 1 Exam Outline
| Topics Covered | Weight |
| Foundations of Risk Management | 20% |
| Quantitative Analysis | 20% |
| Financial Markets and Products | 30% |
| Valuation and Risk Models | 30% |
FRM Part 2 Exam Information
Part 2 covers specific topics on the practical implementation and execution of approaches to measuring and managing market, credit, operational and firm-wide risks, and also includes a new section covering current issues in financial markets.
FRM Part 2 Exam Outline
| Topics Covered | Weight |
| Market Risk Measurement and Management | 25% |
| Credit Risk Measurement and Management | 25% |
| Operational and Integrated Risk Management | 25% |
| Risk Management and Investment Management | 15% |
| Current Issues in Financial Markets | 10% |