FRM Frequently Asked Questions
Get answers to all your questions about the FRM Program, eligibility, exam format, preparation, and our coaching programs
🎓 About Our FRM Coaching
We maintain small batches with a maximum of 20 students to ensure quality learning:
Benefits of Small Batches:
- Individual attention from instructors
- Personalized doubt clearing
- Detailed feedback on assessments
- Close monitoring of progress
- Interactive learning environment
- Flexibility to adjust pace based on student needs
This personalized approach is a key reason for our consistently high pass rates compared to larger coaching centers.
Yes, we provide comprehensive study materials:
Printed Materials:
- Complete topic-wise notes aligned with GARP curriculum
- Formula reference sheets
- Practice question booklets (2000+ questions)
- Summary guides for quick revision
Digital Resources:
- Video lectures (80+ hours recorded)
- Online question bank with explanations
- Mock exams (computer-based format)
- Performance analytics dashboard
All materials are updated annually to reflect GARP curriculum changes and current regulatory developments.
We offer flexible timings for working professionals:
Weekend Batches:
- Saturday & Sunday
- Morning: 8:00 AM - 12:00 PM
- Afternoon: 1:00 PM - 5:00 PM
- Evening: 5:00 PM - 8:00 PM
Weekday Evening Batches:
- Monday to Friday
- 6:00 PM - 9:00 PM
Online Live Classes:
- Multiple time slots available
- All sessions recorded for later viewing
Contact us to discuss which timing works best for your schedule.
Our FRM coaching program duration:
Part I Program: Approximately 3 months
- Month 1-2: Complete topic coverage (50+ hours)
- Month 3: Practice, revision, and mock exams
Part II Program: Approximately 3 months
- Similar structure with focus on application
Combined Program:
If you register for both parts together, we offer an integrated 6-month program that covers both parts comprehensively with optimized scheduling.
We maintain an exceptional 90%+ pass rate for both FRM Part I and Part II, significantly exceeding global averages of 42-48% (Part I) and 50-60% (Part II).
Our Success Factors:
- FRM-certified expert faculty
- Curriculum aligned with GARP readings
- Small batch sizes for personalized attention
- Comprehensive study materials
- 15+ full-length mock exams
- Weekly assessments and progress tracking
- Dedicated doubt-clearing sessions
- Focus on quantitative problem-solving techniques
Check our Success Stories page for testimonials from students who cleared FRM with our guidance.
Yes, we offer comprehensive live online FRM coaching with the same quality as classroom sessions:
Live Online Features:
- Real-time interactive classes
- Live doubt-clearing sessions
- Screen sharing for numerical problems
- Virtual whiteboard for concepts
Recorded Content:
- All sessions recorded
- Lifetime access to video library
- Revision at your convenience
Complete Support:
- Same study materials as classroom students
- Online mock tests and assessments
- Discussion forum access
- Individual mentorship calls
Many working professionals from across India successfully complete our online program.
Our FRM faculty consists of certified FRM professionals with extensive experience:
Qualifications:
- FRM certification (both parts cleared)
- Many also hold CFA and other finance certifications
- 10+ years of teaching experience
- Professional experience in risk management, banking, and finance
Teaching Excellence:
- Strong focus on quantitative problem-solving
- Real-world risk management examples
- Exam-focused strategies
- Patient and approachable for doubts
Our instructors have personally navigated the FRM journey and understand the challenges candidates face.
Yes, extensive mock testing is integral to our program:
Topic-Wise Tests:
- 15+ topic assessments
- After each major section
- Immediate feedback and solutions
Full-Length Mocks:
- 8-10 complete practice exams per part
- Computer-based format (CBT)
- Simulates actual exam conditions
- 4-hour timed sessions
Performance Analysis:
- Detailed score reports
- Strength/weakness identification
- Comparison with peer performance
- Personalized improvement recommendations
Mock tests build exam confidence, improve time management, and identify areas needing more focus.
Yes, we offer free demo classes for FRM coaching. The demo allows you to:
- Experience our teaching methodology
- Meet our FRM-certified faculty
- Understand course structure
- Review study materials quality
- See the learning environment (classroom/online)
- Ask questions about the program
- Make an informed enrollment decision
How to Book:
- Click "Book Free Demo" on our website
- WhatsApp: +91-8527140110
- Call: +91-8527140110
Demo classes available for both classroom and online formats.
💼 Career & Post-FRM
FRM certification opens doors to specialized risk management roles:
Risk Management: Risk Manager, Chief Risk Officer, Risk Analyst, Enterprise Risk Manager
Banking & Financial Institutions: Credit Risk Manager, Market Risk Analyst, Operational Risk Manager, Basel Compliance Officer
Asset Management: Portfolio Risk Manager, Investment Risk Analyst
Consulting: Risk Consultant, Regulatory Consultant
Treasury & Corporate Finance: Treasury Manager, ALM Manager
FRM professionals are employed by banks, investment firms, consulting companies, regulatory bodies, insurance companies, and corporations across all industries.
FRM certification significantly enhances earning potential:
India Salaries:
- Entry-level (0-2 years): ₹5-10 lakhs per annum
- Mid-level (3-7 years): ₹12-25 lakhs per annum
- Senior-level (8+ years): ₹25-50+ lakhs per annum
- CRO/Senior positions: ₹50 lakhs - ₹1 crore+
Global Markets:
- USA: $70,000 - $140,000+
- UK: £45,000 - £90,000+
- Singapore: SGD 70,000 - 150,000+
FRM typically commands a 15-30% premium over non-certified professionals in similar risk roles. Salary varies by company, location, and responsibilities.
Yes, FRM is the world's leading risk management certification:
Global Recognition:
- Recognized in 195+ countries
- 100,000+ FRM certified professionals worldwide
- Industry standard for risk management
- Endorsed by major financial institutions globally
Regulatory Recognition:
- Acknowledged by banking regulators
- Aligns with Basel framework requirements
- Meets regulatory risk management standards
Major banks, investment firms, and corporations worldwide specifically seek FRM-certified professionals for risk management positions. The certification demonstrates commitment to risk management excellence.
Absolutely! FRM is highly valued internationally and can enhance opportunities abroad:
Popular Destinations for FRM Professionals:
- USA (New York, Chicago, San Francisco)
- UK (London)
- Singapore
- Hong Kong
- UAE (Dubai)
- Canada (Toronto)
- Australia (Sydney, Melbourne)
The global standardization of risk management practices and the universal recognition of FRM certification make it easier to transition internationally. However, you may need work visas and should understand local employment regulations in your target country.
The choice depends on your career goals:
Choose FRM if you want to:
- Specialize in risk management
- Work in banking, regulatory, or risk consulting
- Complete certification faster (1-2 years)
- Focus on quantitative risk analysis
Choose CFA if you want to:
- Work in investment management or equity research
- Broader finance knowledge
- Portfolio management career
Do Both if you want:
- Comprehensive finance and risk expertise
- Maximum career flexibility
- Senior positions like CRO or CIO
Many professionals pursue both certifications. At Concepts 'n' Clarity, we offer coaching for both programs and can guide you based on your career aspirations.
Still Have Questions?
Our counselors are here to help you make the right decision for your FRM journey
WhatsApp Us Call +91-8527140110📚 About the FRM Program
The Financial Risk Manager (FRM) is a globally recognized certification offered by the Global Association of Risk Professionals (GARP). It is the leading credential for risk management professionals. The program consists of two parts (Part I and Part II) that comprehensively cover risk assessment, measurement, and management. Topics include market risk, credit risk, operational risk, quantitative analysis, and regulatory frameworks. The FRM certification demonstrates expertise in anticipating and responding to critical risk issues.
The FRM exam consists of two parts:
Part I: Focuses on foundational knowledge including risk management fundamentals, quantitative analysis, financial markets, and valuation & risk models. 100 multiple-choice questions in 4 hours.
Part II: Emphasizes practical application of risk management concepts including market risk, credit risk, operational risk, liquidity risk, investment management, and current issues. 80 multiple-choice questions in 4 hours.
You must pass Part I before attempting Part II. Both exams are equally challenging and require thorough preparation.
Unlike many other certifications, FRM has no formal educational or work experience prerequisites to register for the exam. This makes it accessible to:
- Fresh graduates from any discipline
- Working professionals looking to specialize in risk management
- Career changers entering the finance field
- Students pursuing advanced degrees
However, to receive the FRM certification after passing both exams, you must demonstrate at least 2 years of full-time professional work experience in financial risk management or related fields.
FRM exam pass rates typically range as follows:
Part I: 42-48% globally
Part II: 50-60% globally
These rates vary slightly by exam window. At Concepts 'n' Clarity, our students consistently achieve 90%+ pass rates for both parts, significantly exceeding global averages. Our success comes from structured curriculum, expert faculty, comprehensive study materials, and rigorous practice testing that thoroughly prepares students for exam day.
Most candidates complete the FRM Program in 1 to 2 years. The timeline depends on:
Minimum Time: 1 year if you pass both parts in consecutive exam windows (May and November of the same year)
Average Time: 1.5 to 2 years accounting for preparation time and potential retakes
Work Experience: An additional 2 years of professional experience is required after passing both exams to receive the FRM designation
With our structured coaching, most students pass both parts within their first two attempts, completing the examination requirement in 12-18 months.
📝 Exam Format & Registration
The FRM Part I exam format:
- 100 multiple-choice questions
- 4 hours total testing time
- Computer-based testing (CBT)
- Four answer choices per question
- No breaks during the exam
Topic Weights:
• Foundations of Risk Management: 20%
• Quantitative Analysis: 20%
• Financial Markets & Products: 30%
• Valuation & Risk Models: 30%
GARP offers two exam windows per year - May and November. Registration typically opens 6-7 months before each exam window.
Registration Periods:
• Early Registration: Lowest fee (opens 6-7 months before exam)
• Standard Registration: Standard fee (opens 3-4 months before exam)
For example, for May 2026 exams:
- Early: December 2025 - January 2026
- Standard: February - March 2026
We strongly recommend early registration to save on fees (up to $150 savings) and ensure sufficient preparation time.
There is no limit to the number of times you can attempt either FRM Part I or Part II. However:
- You can only attempt each part once per exam window
- With two windows per year (May and November), you could theoretically attempt twice annually
- You must pass Part I before attempting Part II
- There's no time limit for completing the program
Our coaching focuses on first-attempt success, with structured preparation ensuring you're fully ready before exam day.
FRM exams are offered twice annually:
May Window: Typically runs for two weeks in mid-May (e.g., May 9-22, 2026)
November Window: Typically runs for two weeks in mid-November (e.g., Nov 14-27, 2026)
You can take Part I and Part II in the same year if you pass Part I in May and register for Part II in November. During each window, you select your preferred test date and location. Check our Exam Format page for detailed upcoming dates and registration deadlines.
📖 Preparation & Study
GARP recommends approximately 240 hours of study for FRM Part I. We suggest:
For Part I:
- Total: 250-300 hours over 3-4 months
- Weekly: 15-20 hours
- Daily: 2-3 hours on weekdays, 4-5 hours on weekends
For Part II:
- Total: 250-300 hours
- Similar weekly commitment
Our structured program optimizes study efficiency with focused lectures, targeted practice, and regular assessments, ensuring effective use of your preparation time.
Absolutely! Most FRM candidates are working professionals. Our program is designed specifically for them:
Flexible Options:
- Weekend batches (Saturday & Sunday)
- Evening weekday classes (6-9 PM)
- Online live sessions
- Recorded lectures for missed classes
Support Features:
- Study materials accessible anytime
- Flexible doubt-clearing sessions
- Online practice tests
With proper planning and our structured guidance, you can successfully balance work and FRM preparation.
We recommend using both strategically:
GARP Materials:
- Official curriculum and readings
- Practice exams
- Good for comprehensive coverage
Our Coaching Materials:
- Condensed, exam-focused notes
- Structured topic summaries
- Additional practice questions (2000+)
- Formula sheets and quick references
- Mock exams with detailed solutions
Our materials complement GARP's curriculum, making preparation more efficient by focusing on high-yield, exam-relevant content while maintaining comprehensive coverage.
Difficulty varies by background, but commonly challenging areas include:
Part I Challenges:
1. Quantitative Analysis: Advanced statistics, probability, and hypothesis testing
2. Valuation & Risk Models: VaR calculations, GARCH models, extreme value theory
3. Financial Markets: Options pricing, bond mathematics
Part II Challenges:
1. Market Risk: Complex hedging strategies
2. Credit Risk: Advanced credit derivatives
3. Operational Risk: Basel framework intricacies
Our faculty excels at breaking down complex topics into understandable concepts with practical examples and extensive practice problems.