FRM Part I Exam Prep
Prepare for the FRM Part I Exam
Studying for Part I is Crucial, and It Takes a Substantial Effort.
There are no shortcuts. The one thing standing between you and success on the FRM Exam Part I is hard work. GARP reports that, on average, FRM candidates spend approximately 240 hours preparing for the exam. Schweser’s Prepare, Practice, Perform® methodology gives you the structure you need to get the most of the time you spend preparing.
Previous Knowledge
Anyone can register to take the exam. FRM certification is awarded after a candidate has passed two rigorous multiple-choice exams (FRM Exam Part I and Part II) and demonstrated two years of relevant work experience. Candidates must take the FRM Exam Part I before taking Part II. Certified FRMs are strongly encouraged to earn 40 hours of Continuing Professional Development (CPD) every two years to maintain the latest best practices in risk management.
Important FRM Exam Dates
Find out when you need to register to sit for your FRM Exam Part I.
May 2025
Part I Exam Dates
May 10–16, 2025
Registration and Scheduling Windows Open
December 1, 2024
Early Registration Deadline
January 31, 2024
Registration Closes
March 31, 2025
Register for Exam
August 2025
Part I Exam Dates
August 8–9, 2025
Registration and Scheduling Windows Open
March 1, 2024
Early Registration Deadline
April 30, 2025
Registration Closes
June 30, 2025
Register for Exam
November 2025
Part I Exam Dates
November 8–14, 2025
Registration and Scheduling Windows Open
May 1, 2025
Early Registration Deadline
July 31, 2025
Registration Closes
September 30, 2025
Register for Exam
FRM Exam Part I Details
Part I Exam Format
The FRM Exam Part I is a computer-based, 100 multiple-choice question exam. The exam is offered solely in English—specifically American English—and is typically administered three times per year (May, August, and November), at hundreds of exam sites around the world. Candidates should know the exam must be completed in 4 hours or less. This exam is administered via computer-based testing (CBT).
Part I Topic Weights
For the 2025 Part I Exam focuses on the tools used to assess financial risk:
Foundations of Risk Management: 20%
Quantitative Analysis: 20%
Financial Markets and Products: 30%
Valuation and Risk Models: 30%
These topic weights were used to develop a Part I study plan you can follow to ensure complete coverage of the material. The study plan is included in all our packages.
Body of Knowledge
This portion of the FRM Exam focuses on the tools used to assess financial risk:
Foundations of Risk Management
Quantitative Analysis
Financial Markets and Products
Valuation and Risk Models
Per the Global Association of Risk Professionals® (GARP®), candidates should understand that the level of mathematical difficulty of the FRM Exam is similar to that found in advanced undergraduate or introductory graduate-level finance courses at most universities. Additionally, while the exam is designed to be conceptual, candidates will still be required to know important formulas and calculations, as well as how to apply them correctly. Please note that formula sheets are not provided with the exam.
Master these concepts with a comprehensive Part I study package.
Requirements to Earn the Certification
To earn the FRM, you must complete the following:
Register for the FRM Part I Exam
Pass the FRM Part I Exam
Register for the FRM Part II Exam
Pass the FRM Part II Exam
Demonstrate two years of relevant work experience
Please note that if a candidate elects to take Part II on the same day as Part I, their Part II Exam will not be marked by GARP unless they first pass Part I.
Give yourself the best chance to pass your FRM Exam with Part I Study Packages.
Exam Fees
The FRM Exam requires all new exam candidates to pay an enrollment fee of $400, which is payable when a candidate initially registers for the FRM Exam Part I. Returning exam candidates are not required to pay the enrollment fee. The enrollment fee is not charged again unless the candidate has not passed the FRM Exam Part II within 4 years after passing the FRM Exam Part I.
Registration fees vary throughout 2025 based on when you register:
FRM Part I
May 2025 Exam:
Enrollment Fee: $400
Early Registration: $600
Standard Registration: $800
August 2025 Exam:
Enrollment Fee: $400
Early Registration: $600
Standard Registration: $800
November 2025 Exam:
Enrollment Fee: $400
Early Registration: $600
Standard Registration: $800
Our Part I study packages are built to replicate the structure, format, and difficulty of the actual exam, leaving no surprises on exam day. Begin your preparation today.
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