The FRM Exam is a pencil and paper multiple choice exam of 160 questions. It is offered exclusively in English, twice a year in May and November, in person at approximately 90 Exam sites around the world. This approach ensures that there is fairness and consistency for all candidates globally.

The ERP Exam is eight hours long and is divided into two sessions of four hours each. For an overview of a typical ERP Exam day schedule, click here

There are no penalties for incorrect answers. The passing score is determined by the Energy Oversight Committee.

Only GARP-approved calculators are permitted to be used at the ERP Exam. To review the calculator policy, click here.

Exam results are pass/fail and are released via email approximately six weeks after the Exam is administered. Candidates are provided with quartile results that enable them to see how they scored on specific areas relative to other candidates.