FRM® Study Material, Guide, Books, Practice Exams

2026

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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2026

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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2026

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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Accessible via the candidate portal on any device — mobile, tablet, or desktop computer — GARP Learning is a streamlined digital learning platform allowing FRM candidates to:

View all material from the FRM Books for both parts of the Exam
Take full-length practice exams
Monitor study performance, create personalized study plans, and more
Test their knowledge with practice questions (not representative of actual FRM Exam questions) that coincide with each curriculum chapter

GARP Learning access is complimentary for Part I candidates, and available for purchase for Part II candidates. Access to all content in GARP Learning is revoked the last day of the exam window a candidate is registered in.

2026

FRM Exam Books - Part I

Printed books for the FRM Exam Part I Exam focus on the following relevant topics:

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

Note: Access to the full Exam Part I curriculum is also available via GARP Learning, which is complimentary for Part I candidates. All printed books are non-refundable.

Purchase Printed Books - Part I

USD 300 + shipping

2026

FRM Exam Books - Part II

Printed books for the FRM Exam Part II Exam focus on the following relevant topics:

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

Note: Access to the full Exam Part II curriculum is also available for purchase on GARP Learning. All printed books are non-refundable.

Purchase Printed Books - Part II

USD 300 + shipping

FRM 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.

Access to all practice exams will be revoked the last day of the exam window a candidate is registered in.

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.