📖 Daily Study Routine
- Study 2-3 hours daily on weekdays
- 4-5 hours on weekends
- Focus on understanding, not memorization
- Take 10-minute breaks every hour
- Review previous day's topics before starting new ones
FRM Study Plan
Comprehensive preparation guide for FRM Part 1 & Part 2 • Proven strategy for 90%+ success rate
STRATEGIC PREPARATION
Why You Need a Structured Study Plan
The FRM exam covers extensive material. A well-structured study plan ensures you cover all topics systematically, practice adequately, and stay on track to pass on your first attempt.
📚 Complete Coverage
Month-by-month breakdown of all FRM topics ensuring you don't miss any important concept
⏰ Time Management
Optimal time allocation for each topic based on weightage and difficulty level
🎯 Mock Test Schedule
Strategic mock test calendar to track progress and identify weak areas
PART 1 PREPARATION
FRM Part 1 Study Plan (4-5 Months)
Comprehensive 4-5 month preparation schedule covering all four books of FRM Part 1
Month 1: Foundations of Risk Management
Book 1: Foundations of Risk Management (20%)
- The Building Blocks of Risk Management
- How Do Firms Manage Financial Risk?
- The Governance and Culture of Risk Management
- Credit Risk Transfer Mechanisms
- Modern Portfolio Theory and CAPM
- Practice: 100+ questions from Book 1
Month 2: Quantitative Analysis
Book 2: Quantitative Analysis (20%)
- Fundamentals of Probability
- Random Variables and Probability Distributions
- Common Univariate and Multivariate Random Variables
- Bayesian Analysis & Sample Moments
- Hypothesis Testing and Confidence Intervals
- Linear Regression with One Regressor
- Practice: 150+ quantitative problems
Month 3: Financial Markets & Products (Part A)
Book 3: Financial Markets and Products (30%)
- Structure of Financial Markets
- Futures Markets & Hedging using Futures
- Foreign Exchange Markets
- Corporate Bonds and Interest Rates
- Mortgages and Mortgage-Backed Securities
- Practice: 100+ questions on derivatives
Month 4: Financial Markets & Valuation Models
Book 3 (continued) + Book 4: Valuation and Risk Models (30%)
- Swaps, Options Markets, Properties of Options
- Trading Strategies, Exotic Options
- Value-at-Risk (VaR) - Historical Simulation
- VaR - Parametric and Monte Carlo Methods
- Country Risk and External Debt
- Measuring Credit Risk & Credit VaR
- Practice: 200+ integrated questions
Month 5: Revision & Mock Tests
Final Preparation Phase
- Week 1: Complete revision of Book 1 & 2
- Week 2: Complete revision of Book 3 & 4
- Week 3: Full-length Mock Test 1 & Review
- Week 4: Full-length Mock Test 2 & Review
- Final Week: Quick revision notes & formula sheet
- Total Mock Tests: 5-7 full-length exams
PART 2 PREPARATION
FRM Part 2 Study Plan (4-5 Months)
Advanced 4-5 month preparation schedule covering all six books of FRM Part 2
Month 1: Market Risk & Credit Risk
Book 1 & 2: Market Risk (25%) + Credit Risk (25%)
- VaR Mapping, Backtesting VaR, ES and Spectral Risk
- Parametric Approaches, Non-Parametric Approaches
- Credit Analysis, Credit Risks and Credit Derivatives
- Structured Credit Risk, Counterparty Risk
- Practice: 150+ questions on market & credit risk
Month 2: Operational & Liquidity Risk
Book 3 & 4: Operational Risk (25%) + Liquidity Risk (15%)
- Operational Risk Capital Frameworks
- Standardized Measurement Approach, Scenario Analysis
- Enterprise Risk Management, Risk Governance
- Liquidity Risk, Liquidity and Leverage
- Liquidity Black Holes, Managing Liquidity Risk
- Practice: 150+ operational risk problems
Month 3: Risk Management & Investment
Book 5 & 6: Risk Management (10%) + Current Issues
- Portfolio Construction, Portfolio Risk
- VaR and Risk Budgeting in Investment Management
- Risk Monitoring and Performance Measurement
- Portfolio Performance Evaluation
- Hedge Funds, Current Issues in Financial Markets
- Practice: 100+ portfolio risk questions
Month 4: Integration & Weak Areas
Cross-Topic Integration
- Week 1: Integration of Market and Credit Risk
- Week 2: Integration of Operational and Liquidity Risk
- Week 3: Focus on identified weak areas
- Week 4: Full-length Mock Test 1 & detailed review
- Practice: 200+ integrated case studies
Month 5: Final Revision & Mock Tests
Intensive Final Preparation
- Week 1: Quick revision of all 6 books
- Week 2: Full-length Mock Test 2 & review
- Week 3: Full-length Mock Test 3 & review
- Week 4: Formula revision & concept consolidation
- Final Days: Important formulas & key concepts
- Total Mock Tests: 5-7 full-length exams
SUCCESS STRATEGIES
Proven Study Tips for FRM Success
Follow these strategies used by our successful students
✍️ Practice Strategy
- Solve minimum 50 questions per topic
- Focus on GARP Practice Exams
- Review wrong answers thoroughly
- Time yourself while practicing
- Make notes of difficult concepts
🎯 Mock Test Strategy
- Take first mock after 70% syllabus completion
- Simulate real exam conditions
- Spend equal time reviewing mistakes
- Track your performance across mocks
- Aim for 60%+ score in final mocks
📝 Formula Management
- Create a formula sheet for each book
- Understand derivation of key formulas
- Practice applying formulas to different scenarios
- Review formulas daily in the last month
- Focus on high-weightage calculations
🧠 Memory Techniques
- Use mnemonics for complex concepts
- Create mind maps for each topic
- Teach concepts to others
- Use flashcards for quick revision
- Connect new concepts to real-world examples
⏰ Time Management
- Plan weekly study schedule in advance
- Allocate more time to difficult topics
- Keep buffer days for unexpected delays
- Use Pomodoro technique for focused study
- Track your actual vs planned progress
Download Your Free FRM Study Plan
Get our comprehensive, month-by-month study plan with detailed topic breakdown, mock test schedule, and success strategies used by 500+ successful FRM candidates.
📧 Or email us at info@conceptsnclarity.com
CONCEPTS 'N' CLARITY ADVANTAGE
Why Study with Us?
Join 500+ successful FRM candidates who cleared their exams with our guidance
90%+
Pass Rate
Industry-leading success rate
15+
Years Experience
Expert FRM coaching since 2012
500+
Successful Students
FRM charter holders trained
1000+
Practice Questions
Comprehensive question bank
What Our Students Say
"The study plan was perfectly structured. I followed it religiously and cleared both Part 1 and Part 2 in first attempt!"
- Rahul Sharma, FRM
Risk Manager, ICICI Bank
"Best FRM coaching in Delhi NCR. The faculty's guidance and study material made complex topics easy to understand."
- Priya Mehta, FRM
Senior Analyst, HDFC Bank
"The mock tests were exactly like the real exam. Thanks to Concepts n Clarity, I passed with confidence!"
- Amit Kumar, FRM
Credit Risk Manager, Yes Bank
FREQUENTLY ASKED
FRM Study Plan FAQs
How many hours should I study daily for FRM?
We recommend 2-3 hours on weekdays and 4-5 hours on weekends. Total preparation time should be around 300-350 hours for each part.
Can I complete FRM Part 1 in 3 months?
While possible with intensive study (4-5 hours daily), we recommend 4-5 months for thorough preparation and better retention.
When should I start taking mock tests?
Take your first mock test after completing 70% of the syllabus. Then take 5-7 full-length mocks in the last month before the exam.
Should I study Part 1 and Part 2 together?
No, we strongly recommend clearing Part 1 first. The concepts build progressively, and Part 2 assumes strong understanding of Part 1 topics.
What is the most difficult topic in FRM?
Most students find Quantitative Analysis (Part 1) and Market Risk Measurement (Part 2) challenging. Our study plan allocates extra time for these topics.
Do you provide study material along with the study plan?
Yes! When you enroll in our FRM coaching, you get comprehensive study material, practice questions, mock tests, and personalized mentorship along with the study plan.
Ready to Start Your FRM Journey?
Download the study plan and join 500+ successful FRM candidates!