The FRM exam is a certification exam for international financial risk managers, and it is a compulsory exam for professional financial risk managers who are still in high demand under the impact of the epidemic. Because the FRM certificate has a high gold content, but it has a surprisingly low threshold, it attracts many people who want to apply for the exam. Then it is necessary to understand the basic knowledge of FRM before applying for the exam; What is the content of the exam? How much does it cost?
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1. What are the contents of the FRM exam?
The FRM exam is divided into 12 levels, with a total of 10 subjects:
There are four subjects in the FRM Level 1 exam: Fundamentals of Risk Management, Quantitative Analysis, Financial Markets and Financial Products, Valuation and Risk Modeling;
There are six subjects in the FRM Level 2 exam: Market Risk Management and Measurement, Credit Risk Management and Measurement, Operational Risk and Resilience, Liquidity and Capital Risk Measurement and Management, Investment Risk Management, and Frontier Topics in Financial Markets.
2. How much does it cost to register for the FRM exam?
The FRM exam registration fee is as follows:
1. Registration fee.
Since the FRM exam is sponsored by the GARP Association, candidates who pass the exam and get the certificate will become FRM holders, and the holder is a member of the GARP Association, so this registration fee is equivalent to the registration fee of the GARP Association membership, ** is 400 US dollars, and only needs to be paid once during the entire exam period. Of course, if the candidate fails to receive the certificate, the association will not refund the fee.
2. Application fee.
Looking at the registration fee alone, there are two types of registration fees for the FRM exam, one is the early bird price and the other is the standard price. Although the names are different, they are both registration fees for the FRM exam, but they are divided into two types according to the morning and evening of the registration time, those who register early can enjoy discounts, and those who register late can only enjoy the original price. The early bird price is $550 and the standard price is $750.
3. Venue fee.
The FRM exam is not a domestic exam, so there is no special exam room, and each exam needs to rent a venue in advance, which is the origin of the venue fee. Of course, this item is only paid by domestic candidates, ** is 40 US dollars, and must be paid for each exam.
4. Data management fees.
The association uses to manage the candidates' examination information, which can be understood as the marking fee. You only have to pay once, ** is $10.
If candidates want to register for the FRM Level 1 exam in May 2024, it is currently the registration date for the early bird price, so the fee is: 400 550 40 10 = 1000 USD, if the candidate is not taking the Level 1 exam for the first time, then there is no need to pay the registration fee and data management fee, which is 550 + 40 = 590 USD.
FRM Level 1 subjects and specific contents.
Financial Risk Manager Career Prospects.