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The FRM Learning Objectives document provides a comprehensive framework to guide candidates as they self-study for the FRM Exam. It contains a syllabus and approximate weightings for each of the broad knowledge domains covered by the Exam, specific curriculum readings associated with each knowledge area, and individual learning objectives for each reading. Since every FRM Exam question maps to at least one learning objective, the FRM Learning Objectives document is an important study resource and should be referred to regularly during exam preparation.
The 2024 FRM Exam Study Guide sets forth primary topics and required readings for exam preparation. The FRM Program curriculum is revised annually under the direction of GARP’s FRM Committee to ensure that the Exam remains a valid assessment of the knowledge and skills necessary to manage financial risk.
GARP’s official FRM Exam Part I eBooks are updated each calendar year to ensure they remain current and reflect any Part I curriculum changes. The eBooks cover all the readings and themes that comprise the Part I Exam, including:
Note: FRM eBooks are non-refundable. Once you purchase, please follow the instructions to access them. Access is for three years online via web browser and two years offline via desktop or mobile applications. Limited printing is supported.
Part I eBooks are included free of charge with your FRM Part I Exam registration.
Cost: USD 250 (without registration)
To succeed on the FRM Exam Part I, candidates are strongly encouraged to study directly from GARP’s official FRM Exam Part I print books. Updated each calendar year to ensure they remain current and reflect any curriculum changes, these books cover the following readings and themes that comprise the Part I Exam:
Note: Once print books are purchased there is no guarantee they can be canceled.
Cost: USD 300, plus shipping
GARP’s official FRM Exam Part II eBooks are updated each calendar year to ensure they remain current and to reflect any Part II curriculum changes. The eBooks cover all the readings and themes that comprise the Part II Exam, including:
Note: FRM eBooks are non-refundable. Once you purchase, please follow the instructions to access them. Access is for three years online via web browser and two years offline via desktop or mobile applications. Limited printing is supported.
Cost: USD 250
To succeed on the FRM Exam Part II, candidates are strongly encouraged to study directly from GARP’s official FRM Exam Part II print books. Updated each calendar year to ensure they remain current and reflect any curriculum changes, these books cover the following readings and themes that comprise the Part II Exam:
Note: Once print books are purchased there is no guarantee they can be canceled.
Cost: USD 300, plus shipping
Full practice exams, each 100 questions long, are accessible for registered FRM candidates only — via GARP Learning. Part I candidates receive two complimentary practice exams with the option of purchasing a third.
Note: FRM purchased practice exam is non-refundable.
Part II has two full-length exams with 80 questions. These are complimentary for, but also limited to, registered candidates and can be accessed as downloadable PDFs via the candidate portal.
Registration for the May 2025 FRM Exam opens on December 1.
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