FRM Exam 2020

The 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 the Global Association of Risk Professionals (GARP), USA. To gain the certificate, you must clear the FRM exams 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 a financial risk manager has to undertake during real-time situations.
Questions are self-explanatory and contain all the information needed to answer them.

Recommended Courses

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

source: GARP

Remember these dates and apply before it is too late.

Popular Course in this category

All in One Financial Analyst Bundle (250+ Courses, 40+ Projects)
4.9 (1,067 ratings) 250+ Courses | 40+ Projects | 1000+ Hours | Full Lifetime Access | Certificate of Completion

View Course

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 can select the Official study material from GARP for FRM exams. The print edition of the 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.

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.

Billing Address

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.

Payment Details

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 a 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 a mail describing the procedure for payment on the email id you registered in the very first step.