# FRM Pass Rate and Grading

What’s the FRM Exam Pass Rate and how are you graded?

In May 2014, the FRM Exam pass rates were as follows:

Part I – 42.5%

Part II – 58.1%

The following table provides the historical pass rates for FRM exam.

 Year FRM Part I Exam FRM Part II Exam 2009 55.2 May-10 52.5 54 Nov-10 39.3 54.9 May-11 53.1 61.6 Nov-11 46.6 57 May-12 47.3 61.1 Nov-12 46.7 56 May-13 45.9 56.8 Nov-13 50.9 58 May-14 42.5 58.1

The grading system for FRM exam is based on percentiles.

If you are in the top 25% of students, you get grade 1.

If you are in top 25% to 50% students, you get Grade 2, and so on.

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