FRM® Study Material, Guide, Books, Practice Exams

2025

FRM Candidate Guide

The FRM Candidate Guide provides candidates and prospective candidates with an overview of the FRM Program and curriculum, information about the exam process and study materials, insight into how to leverage your FRM designation, and more.

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2025

FRM Learning Objectives

The FRM Learning Objectives helps candidates 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.

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2025

FRM Study
Guide

The 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.

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2025

FRM Exam Books - Part I

Available as eBooks or printed books, the FRM Part I books focus on the topics relevant to the Exam Part I, including:

Foundations of Risk Management
Quantitative Analysis
Financial Markets and Products
Valuation and Risk Models

Note: Part I eBooks are included free of charge with your FRM Part I Exam registration. 

Both the eBooks and printed books are non-refundable.

Purchase eBooks

USD 250 (non-refundable)

Purchase Printed Books

USD 300 + shipping

2025

FRM Exam Books - Part II

Available as eBooks or printed books, the FRM Part II books focus on topics relevant to the Exam Part II, including:

Market Risk Measurement and Management
Credit Risk Measurement and Management
Operational Risk and Resilience
Liquidity and Treasury Risk Measurement and Management
Risk Management and Investment Management

Both the eBooks and printed books are non-refundable.

Purchase eBooks

USD 250 (non-refundable)

Purchase Printed Books

USD 300 + shipping

Practice Exams

Candidates of the FRM Exam Part I will receive two complimentary, full-length practice exams with the option of purchasing a non-refundable third exam, each comprised of 100 questions and accessible via GARP Learning. Candidates of the FRM Exam Part II will receive two complimentary, full-length practice exams, each comprised of 80 questions and accessible as downloadable PDFs via the candidate portal. Practice Exams are accessible for registered FRM candidates only.

GARP Learning

Available for registered Part I candidates only, GARP Learning is a streamlined digital platform that allows candidates to view the full FRM Part I curriculum, monitor performance and determine strengths and weaknesses, and create personalized study plans. Candidates can also take multiple full-length FRM Part I Practice Exams as well as utilize end-of-chapter questions. The platform can be accessed via the candidate portal on any device — mobile, tablet, or desktop computer.

Exam Preparation Providers

Some candidates for the FRM Exam may wish to study the exam material with the assistance of an FRM Exam Preparation Provider (EPP). EPPs may offer courses online or in person. As a service GARP provides FRM candidates with a list of providers on its website. Please note that GARP does not endorse, promote, review, or warrant the accuracy of the products or services offered by EPPs of FRM-related information, nor does it endorse any pass rates claimed by the EPP. Further, GARP is not responsible for any fees or costs paid by the user to an FRM EPP.