FRM Exam 2020
Certification course of Financial Risk Management (FRM) is considered as one of the most reputed certifications in the file of banking and finance. The FRM certification is globally recognized by institutions such as Global Association of Risk Professionals (GARP), USA. In order to gain the certificate, you must clear the FRM exams which are conducted twice in the year. The examination has been divided into two parts which feature multiple-choice questions and the candidate has to clear both the parts consecutively to get the certificate. FRM exams are administered on paper and there is no option for computer-based tests although you can register yourself online on the GARP’s website.
This article discusses the FRM exam patterns, important FRM registration dates, and the overall registration process.
FRM Exam Pattern 2020
- FRM exams are conducted on a single day, twice a year on third Saturdays in May and November.
- The exam consists of multiple-choice questions, each having four options.
- There is no negative marking in the examination
- The exam is an evaluation of the candidate’s understanding of the decisions which a financial risk manager has to undertake during real-time situations.
- Questions are self-explanatory and contain all the information needed to answer them.
FRM Exam 2020: Dates to Remember
Now that you know how the exam will be, you should remember some important dates.
Returning Candidate Exam Fees Part 1 (May 16, 2020 )
Below are the important FRM exam 2020 enrollment fees and important dates.
|FRM||May – 20||Nov -20|
|FRM Enrollment Fees||$400||Valid for 4 years||Valid for 4 years|
|(one time fees)|
|Exam Fees||If you register between these dates|
|Early Registration||Part 1 – $825 Part 2 – $350||December 1, 2019 – January 31, 2020||ends Jan 31, 2020|
|Standard Registration||Part 1 -$950 Part 2 – $475||February 1, 2020 – February 29, 2020||ends February 29, 2020|
|Late Registration||Part 1 – $1125 Part 2 – $650||March 1, 2020 – April 15, 2020||ends April 15, 2020|
Remember these dates and apply before it is too late.
FRM 2020 Registration Process
Now that you know the dates, let us have a look at the registration process for FRM 2020:
FRM Exam Selection Information
The first section is Exam Information where you have to select the exam type you want to appear for. Choose the option that is most appropriate for you. You can select FRM part 1 or both FRM part 1 and part 2 from the drop-down against the ‘Exam Registering For:’
Selecting your FRM Exam Location
Once you have selected the option of your liking, you can proceed and put your preferred examination center. In the ‘Exam Site’ select the preferred examination center from the various test center cities all over the world from the given list.
Also, provide your email and name for proceeding and creating a GARP account.
Opting for Official FRM Study Material
Once you have provided the personal details, you get choices to select the Official study material from GARP for FRM exams. The print edition of FRM exam Part 1 book costs $300 and the ebook edition will cost you $250. Please note that these are optional, however, they are non-refundable.
Complimentary GARP Membership
Along with your FRM registration, you get one year of complimentary membership to GARP. This membership provides access to the closed network of Risk Professionals.
Also, if you need assistance in preparing for the FRM exam, you can also check the box here – “need help studying?”. Your email and contact details are shared with the authorized FRM exam prep providers. They may contact you and help you with their exam prep offerings.
The next section would involve the fields wherein you have the option to enter either your home address or your work address whichever suits you. Enter the address properly in the given fields. You can also enter your company’s address and name in these details. Please note that company details are optional for billing purposes.
With this, we come to the payment details section. You can pay for the examination through Credit card, Credit card via fax, check and wire transfer. If you opt to pay through credit card then you need to enter the details of your credit card and your billing address.
Membership Auto-Renewal and Confirmation
If you want to auto-renew your membership then there is a checkbox under the heading ‘Membership AutoRenewal’, you can check that. If you select any payment option other than a credit card then you will get an mail describing the procedure for payment on the email id you registered in the very first step.
By following these easy steps, you can register yourself for the FRM exam 2020.
Wishing you all the best for the FRM exam 2020.