{"id":4650,"date":"2025-04-08T11:20:10","date_gmt":"2025-04-08T05:50:10","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=4650"},"modified":"2025-09-17T15:58:23","modified_gmt":"2025-09-17T10:28:23","slug":"effective-tips-for-frm-course-and-frm-exam","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/blog\/effective-tips-for-frm-course-and-frm-exam\/","title":{"rendered":"Best FRM Courses and Exam Preparation Tips"},"content":{"rendered":"

The Financial Risk Manager (FRM) certification is one of the most respected professions in the finance industry. It is offered by the Global Association of Risk Professionals (GARP) and validates expertise in risk management.\u00a0<\/span><\/p>\n

The FRM exams cannot be passed with rote memorisation. This exam assesses a candidate\u2019s ability to apply risk concepts in real-world scenarios. Preparing for the FRM exam requires the right study materials, a solid strategy, and disciplined effort. This blog covers the best <\/span>FRM courses and FRM exam<\/span> study tips to help you pass in one go.<\/span><\/p>\n

Understanding the FRM exam structure<\/span><\/h2>\n

The FRM course<\/a> is divided into two parts. Each of them tests different aspects of financial risk management:<\/span><\/p>\n\n\n\n\n\n
Exam part<\/b><\/td>\nFocus areas<\/b><\/td>\nQuestion format<\/b><\/td>\nDuration<\/b><\/td>\n<\/tr>\n
Part I<\/span><\/td>\nFoundations of risk, quant methods, financial markets, valuation<\/span><\/td>\n100 MCQs<\/span><\/td>\n4 hours<\/span><\/td>\n<\/tr>\n
Part II<\/span><\/td>\nMarket, credit, operational risk, risk management, investment risk<\/span><\/td>\n80 MCQs<\/span><\/td>\n4 hours<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

According to GARP, the pass rate for FRM Part I hovers around 55%, while Part II sees a slightly higher success rate of 52%. It indicates that persistence and preparation are compulsory.<\/span><\/p>\n

How to prepare for <\/span>FRM courses and FRM exams<\/span><\/h2>\n

A high-quality preparation strategy hinges on two things: conceptual clarity and rigorous problem-solving.\u00a0<\/span><\/p>\n

While study materials help with the former, mock tests and practice papers refine the latter. Here\u2019s how you can formulate an effective approach for the <\/span>FRM course<\/a> and FRM exam<\/a><\/span>.<\/span><\/p>\n

Create an effective study plan<\/span><\/h3>\n

A well-planned approach increases your chances of passing on the first attempt. Consider the following:<\/span><\/b><\/p>\n

    \n
  • Set a realistic timeline:\u00a0<\/b><\/li>\n<\/ul>\n
      \n
    • \n
        \n
      • GARP recommends an average of 240 hours of study per exam. Spreading it across 4-6 months ensures steady progress.<\/span><\/li>\n
      • Daily study sessions should be structured into concept learning, revision, and problem-solving.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n\n\n\n
        Timeline<\/b><\/td>\nStudy focus<\/b><\/td>\nKey actions<\/b><\/td>\n<\/tr>\n
        4-6 months before the exam<\/span><\/td>\nConcept building<\/span><\/td>\n\n
          \n
        • Cover at least one study session per week<\/span><\/li>\n
        • Maintain a formula sheet for quick revisions<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
        2-3 months before the exam<\/span><\/td>\nPractice and application<\/span><\/td>\n\n
          \n
        • Attempt 50-100 questions per day.\u00a0<\/span><\/li>\n
        • Take weekly timed mock tests<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
        Final month<\/span><\/td>\nExam simulation<\/span><\/td>\n\n
          \n
        • Take at least 3-4 full-length mock exams.<\/span><\/li>\n
        • Review incorrect answers thoroughly<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
            \n
          • Choose the right study materials:<\/b><\/li>\n<\/ul>\n
              \n
            • \n
                \n
              • Rely on GARP\u2019s official books for theory and fundamental understanding. They also have extensive online resources and study documents for both Part I and II.<\/span><\/li>\n
              • Supplement with online notes for clarity and concise summaries. You can also go for video lectures and classes if you are a visual learner.<\/span><\/li>\n
              • Use financial risk-related articles and case studies to strengthen application-based knowledge.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
                  \n
                • Prioritise high-weightage topics:<\/b><\/li>\n<\/ul>\n

                  Not all topics carry equal weight. Prioritising the most tested concepts increases efficiency.<\/span><\/p>\n\n\n\n\n\n\n\n
                  Topic<\/b><\/td>\nApproximate weightage in Part I<\/b><\/td>\n<\/tr>\n
                  Quantitative Methods<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
                  Foundations of Risk<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
                  Valuation & Risk Models<\/span><\/td>\n30%<\/span><\/td>\n<\/tr>\n
                  Financial Markets<\/span><\/td>\n30%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                   <\/p>\n\n\n\n\n\n\n\n\n\n
                  Topic<\/b><\/td>\nApproximate weightage in Part II<\/b><\/td>\n<\/tr>\n
                  Operational and integrated risk management<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
                  Credit risk measurement and management<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
                  Market risk measurement and management<\/span><\/td>\n20%<\/span><\/td>\n<\/tr>\n
                  Risk management and investment management<\/span><\/td>\n15%<\/span><\/td>\n<\/tr>\n
                  Liquidity and treasury risk measurement and management<\/span><\/td>\n15%<\/span><\/td>\n<\/tr>\n
                  Current issues in financial markets<\/span><\/td>\n10%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

                  <\/b><\/p>\n