{"id":26323,"date":"2024-01-11T19:15:22","date_gmt":"2024-01-11T13:45:22","guid":{"rendered":"https:\/\/leverageedu.com\/blog\/?p=26323"},"modified":"2025-10-22T15:40:36","modified_gmt":"2025-10-22T10:10:36","slug":"frm-syllabus","status":"publish","type":"post","link":"https:\/\/leverageedu.com\/blog\/frm-syllabus\/","title":{"rendered":"FRM Syllabus: Exam, Career Scope &amp; Salary"},"content":{"rendered":"\n<p>Financial Risk Manager (FRM) is a renowned professional designation given by the Global Association of Risk Professionals (GARP) to those with specialised knowledge in evaluating risk in banks, insurance firms, and accounting consultancies, amongst others. Similar to the CFA course, FRM is another financial certification that is concerned with evaluating candidates on their knowledge of controlling and analysing market risk, credit risk, and other financial-related risks. As an internationally recognised accreditation, GARP provides this certification to candidates who successfully qualify for the FRM exam. If you are a financial professional looking to earn this designation, here is a detailed blog that will walk you through the key aspects of the FRM syllabus, comprising the subjects and topics you must cover in order to ace this exam.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-white-background-color has-background\"><tbody><tr><td><strong>Course<\/strong><\/td><td>Financial Risk Management (FRM)<\/td><\/tr><tr><td><strong>Eligibility<\/strong><\/td><td>The exam is held thrice a year for Part 1 and Part 2 candidates (May, August, November)<\/td><\/tr><tr><td><strong>Duration of Exam<\/strong><\/td><td>Exam is held thrice a year for Part 1 and Part 2 candidates (May, August, November)<\/td><\/tr><tr><td><strong>FRM Exam<\/strong><\/td><td>Part 1 and Part 2<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frm-syllabus-2025\"><span id=\"frm-syllabus-2025\">FRM Syllabus 2025 <\/span><\/h2>\n\n\n\n<p>GARP has announced that the FRM exam will be held thrice a year for Part 1 and Part 2 students and will be conducted in multiple windows throughout the year. There is no specific change or new updates in the FRM syllabus, and the dates for the 2025 sessions for FRM have been announced.<\/p>\n\n\n\n<p>Here are the dates for the FRM exam 2025:<\/p>\n\n\n\n<p><strong>FRM Part I:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>May 10-11, 2025<\/li>\n\n\n\n<li>August 8-9, 2025<\/li>\n\n\n\n<li>November 8-14, 2025<\/li>\n<\/ul>\n\n\n\n<p><strong>FRM Part II:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>May 17, 2025<\/li>\n\n\n\n<li>November 15-19, 2025<\/li>\n<\/ul>\n\n\n\n<p><strong>Registration Details:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Registration opens: May 1, 2025.<\/li>\n\n\n\n<li>The early registration deadline: July 31, 2025.<\/li>\n\n\n\n<li>Registration closed: September 30, 2025.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>After clearing Part 1 and Part 2 of the FRM, students have to prove their 2-year professional work experience to GARP in order to receive the certification. Moreover, for this purpose, students are given 5 years to provide proof regarding their relevant professional work experience. If a student fails, their FRM pass status will no longer hold any value, and the student has to reappear for the exam again.<\/p>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read<\/strong>: <strong><a href=\"https:\/\/leverageedu.com\/blog\/ca-foundation-syllabus\/\">CA Foundation Syllabus<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-sections-amp-topics-covered-nbsp-in-frm-syllabus\"><span id=\"sections-topics-covered-in-frm-syllabus\">Sections &amp; Topics Covered&nbsp;in FRM Syllabus<\/span><\/h2>\n\n\n\n<p>As the FRM exam is conducted in two parts, the syllabus and weightage for these two are different. Part 1 consists of four sections, whereas Part 2 has 5 sections. The following paragraphs elaborate on the FRM syllabus for these two parts in further detail.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-background\" style=\"background-color:#8dd2fc75\"><tbody><tr><td class=\"has-text-align-left\" data-align=\"left\"><strong>Levels<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><strong>FRM Syllabus<\/strong><\/td><td class=\"has-text-align-left\" data-align=\"left\"><strong>Weightage<\/strong><\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\" rowspan=\"4\">FRM Part 1<\/td><td class=\"has-text-align-left\" data-align=\"left\">Risk Management: Foundation<\/td><td class=\"has-text-align-left\" data-align=\"left\">20%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Quantitative Analysis<\/td><td class=\"has-text-align-left\" data-align=\"left\">20%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Valuation &amp; Risk Models<\/td><td class=\"has-text-align-left\" data-align=\"left\">30%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Financial Markets &amp; Products<\/td><td class=\"has-text-align-left\" data-align=\"left\">30%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\" rowspan=\"4\">FRM Part 2<\/td><td class=\"has-text-align-left\" data-align=\"left\">Credit Risk Management<\/td><td class=\"has-text-align-left\" data-align=\"left\">25 %<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Integrated Risk Management<\/td><td class=\"has-text-align-left\" data-align=\"left\">25%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Risk &amp; Investment Risk Management<\/td><td class=\"has-text-align-left\" data-align=\"left\">15%<\/td><\/tr><tr><td class=\"has-text-align-left\" data-align=\"left\">Market Risk Management<\/td><td class=\"has-text-align-left\" data-align=\"left\">25%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-subjects-in-frm-syllabus-2025\"><span id=\"subjects-in-frm-syllabus-2025\">Subjects in FRM Syllabus 2025<\/span><\/h2>\n\n\n\n<p>There are few common subjects that students need to study for the FRM exam. Here are the FRM subjects for Part 1 and Part 2 updated as per the 2025 syllabus:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-frm-syllabus-nbsp-part-1\"><span id=\"frm-syllabus-part-1\">FRM Syllabus:&nbsp;Part 1 <\/span><\/h3>\n\n\n\n<p>FRM Exam Part 1 consists of 100 MCQ-type questions which need to be completed in a maximum duration of 4 hours. The FRM syllabus for this part is as follows:&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-background\" style=\"background-color:#e9fbe5\"><tbody><tr><td><strong>Sections in FRM Syllabus- Part 1<\/strong><\/td><td><strong>Weightage<\/strong><\/td><\/tr><tr><td><strong>Foundations of Risk Management<\/strong><\/td><td>20%<\/td><\/tr><tr><td><strong>Financial Markets and Products&nbsp;<\/strong><\/td><td>30%<\/td><\/tr><tr><td><strong>Quantitative Analysis<\/strong><\/td><td>20%<\/td><\/tr><tr><td><strong>Valuation and Risk Models<\/strong><\/td><td>30%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-foundations-of-risk-management\"><span id=\"foundations-of-risk-management\">Foundations of Risk Management<\/span><\/h3>\n\n\n\n<p>Focusing on the basics of Risk Management, this section of the FRM syllabus covers the following topics:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Building Blocks of Risk Management<\/li>\n\n\n\n<li>How Do Firms Manage Financial Risk?<\/li>\n\n\n\n<li>The Governance of Risk Management<\/li>\n\n\n\n<li>Credit Risk Transfer Mechanisms<\/li>\n\n\n\n<li>Modern Portfolio Theory (MPT) and the Capital Asset Pricing Model (CAPM)<\/li>\n\n\n\n<li>Enterprise Risk Management and Future Trends<\/li>\n\n\n\n<li>Learning From Financial Disasters<\/li>\n\n\n\n<li>Anatomy of the Great Financial Crisis of 2007-2009<\/li>\n\n\n\n<li>GARP Code of Conduct<\/li>\n\n\n\n<li>Multifactor Models of Risk-Adjusted Asset Returns<\/li>\n\n\n\n<li>Risk Data Aggregation and Reporting Principles<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-financial-markets-and-products\"><span id=\"financial-markets-and-products\">Financial Markets and Products<\/span><\/h3>\n\n\n\n<p>The study of financial markets and products is integral to understanding the vital elements of risk management. The following table enlists the varied concepts you need to study for this part of the FRM syllabus:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background has-fixed-layout\" style=\"background-color:#fcf0ef\"><tbody><tr><td>Banks<\/td><td>Insurance Companies and Pension Plans<\/td><td>Fund Management<\/td><td>Exchanges and OTC Markets<\/td><\/tr><tr><td>Introduction to Derivatives<\/td><td>Futures Markets<\/td><td>Central Clearing<\/td><td>Corporate Bonds<\/td><\/tr><tr><td>Using Futures for Hedging<\/td><td>Foreign Exchange Markets<\/td><td>Pricing Financial Forwards and Futures<\/td><td>Commodity Forwards and Futures<\/td><\/tr><tr><td>Options Markets<\/td><td>Properties of Options<\/td><td>Trading Strategies<\/td><td>Exotic Options<\/td><\/tr><tr><td>SWAPS<br><\/td><td>Mortgages &amp; Mortgage-backed&nbsp;Securities<\/td><td>Interest Rate Futures<\/td><td>Properties of Interest Rates<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-quantitative-aptitude\"><span id=\"quantitative-aptitude\">Quantitative Aptitude<\/span><\/h3>\n\n\n\n<p>Since a career in Finance requires aspirants to be an expert at calculations coupled with <strong>analytical skills<\/strong>, <strong>quantitative aptitude<\/strong> finds an essential place in the FRM syllabus for Part 1 and comprises the following concepts:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Fundamentals of Probability<\/li>\n\n\n\n<li>Random Variables<\/li>\n\n\n\n<li>Common Univariate Random Variables<\/li>\n\n\n\n<li>Multivariate Random Variables<\/li>\n\n\n\n<li>Sample Moments<\/li>\n\n\n\n<li>Hypothesis Testing<\/li>\n\n\n\n<li>Linear Regression<\/li>\n\n\n\n<li>Regression with Multiple Explanatory Variables<\/li>\n\n\n\n<li>Stationary Time Series<\/li>\n\n\n\n<li>Options Markets<\/li>\n\n\n\n<li>Properties of Options<\/li>\n\n\n\n<li>Trading Strategies<\/li>\n\n\n\n<li>Exotic Options<\/li>\n\n\n\n<li>Nonstationary Time Series<\/li>\n\n\n\n<li>Measuring Return, Volatility, and Correlation<\/li>\n\n\n\n<li>Simulation and Bootstrapping<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-valuation-and-risk-models\"><span id=\"valuation-and-risk-models\">Valuation and Risk Models<\/span><\/h3>\n\n\n\n<p>Valuation and Risk Models play a central part in measuring and deciphering the level of financial risk in a firm or in an investment portfolio for a specific time period. Here is a list of sub-disciplines that you need to cover for this section of the FRM syllabus:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Measures of Financial Risk<\/li>\n\n\n\n<li>Calculating and Applying VaR<\/li>\n\n\n\n<li>Pricing Conventions, Discounting, and Arbitrage<\/li>\n\n\n\n<li>Measuring and Monitoring Volatility<\/li>\n\n\n\n<li>External and Internal Ratings<\/li>\n\n\n\n<li>Country and Operational Risk<\/li>\n\n\n\n<li>Credit Risk and Capital Modelling<\/li>\n\n\n\n<li>Interest Rates<\/li>\n\n\n\n<li>Measuring and Monitoring Volatility<\/li>\n\n\n\n<li>External and Internal Ratings<\/li>\n\n\n\n<li>Country Risk<\/li>\n\n\n\n<li>Binomial Trees<\/li>\n\n\n\n<li>Stress-Testing<\/li>\n\n\n\n<li>The Black-Scholes-Merton Model<\/li>\n\n\n\n<li>Modelling and Hedging Non-Parallel Term Structure Shifts<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-frm-syllabus-part-2-nbsp\"><span id=\"frm-syllabus-part-2\">FRM Syllabus: Part 2&nbsp;<\/span><\/h2>\n\n\n\n<p>Moving to the second part of the FRM syllabus, it consists of 80 MCQs with a maximum duration of 4 hours. The table below enlists the sections of the FRM exam part 2 as well as the weightage of marks.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-background has-fixed-layout\" style=\"background-color:#f3f4f5\"><tbody><tr><td><strong>Sections<\/strong><\/td><td><strong>Weightage<\/strong><\/td><\/tr><tr><td>Market Risk Measurement and Management<\/td><td>25%<\/td><\/tr><tr><td>Credit Risk Measurement and Management<\/td><td>25%<\/td><\/tr><tr><td>Risk Management and Investment Management<\/td><td>15%<\/td><\/tr><tr><td>Operational and Integrated Risk Management<\/td><td>25%<\/td><\/tr><tr><td>Current Issues in Financial Markets<\/td><td>10%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Also Read<\/strong>: <strong><span style=\"text-decoration: underline\"><a href=\"https:\/\/leverageedu.com\/blog\/mcom-syllabus\/\">M.Com Syllabus<\/a><\/span><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-market-risk-measurement-and-management\"><span id=\"market-risk-measurement-and-management\">Market Risk Measurement and Management<\/span><\/h3>\n\n\n\n<p>Market risks occur when financial markets undergo certain changes and eventually affect the organisations operating in them. Market Risk Measurement and Management is concerned with minimising these impacts and effectively handling the risks. Here are the topics included under this element of the FRM syllabus:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Estimating Market Risk Measures<\/li>\n\n\n\n<li>Non-Parametric Approaches<\/li>\n\n\n\n<li>Parametric Approaches (II): Extreme Value<\/li>\n\n\n\n<li>Backtesting VaR<\/li>\n\n\n\n<li>VaR Mapping<\/li>\n\n\n\n<li>Messages from the Academic Literature on Risk Management for the Trading Book<\/li>\n\n\n\n<li>Some Correlation Basics: Properties, Motivation, Terminology<\/li>\n\n\n\n<li>Empirical Properties of Correlation: How Do Correlations Behave in the Real World?<\/li>\n\n\n\n<li>Financial Correlation Modelling \u2013 Bottom-Up Approaches<\/li>\n\n\n\n<li>Empirical Approaches to Risk Metrics and Hedging<\/li>\n\n\n\n<li>The Science of Term Structure Models<\/li>\n\n\n\n<li>The Evolution of Short Rates and the Shape of the Term Structure<\/li>\n\n\n\n<li>The Art of Term Structure Models: Drift<\/li>\n\n\n\n<li>The Art of Term Structure Models: Volatility and Distribution<\/li>\n\n\n\n<li>Volatility Smiles<\/li>\n\n\n\n<li>Fundamental Review of the Trading Book<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-credit-risk-measurement-and-management\"><span id=\"credit-risk-measurement-and-management\">Credit Risk Measurement and Management<\/span><\/h3>\n\n\n\n<p>Credit Risk Measurement and Management evaluates your understanding of counterparty risks and credit products, such as credit deviations and collateral debt obligations. Below is a list of some subtopics covered under this component of the FRM syllabus:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Credit Decision and Analysis<\/li>\n\n\n\n<li>Classifications and Key Concepts of Credit Risk<\/li>\n\n\n\n<li>Capital Structure in Banks<\/li>\n\n\n\n<li>Rating Assignment Methodologies<\/li>\n\n\n\n<li>Credit Risks and Credit Derivatives<\/li>\n\n\n\n<li>Spread Risk and Default Intensity Models<\/li>\n\n\n\n<li>Portfolio and Structured Credit Risk<\/li>\n\n\n\n<li>Counterparty Credit Risk<\/li>\n\n\n\n<li>Portfolio Credit Risk<\/li>\n\n\n\n<li>Structured Credit Risk<\/li>\n\n\n\n<li>Counterparty Credit Risk<\/li>\n\n\n\n<li>Netting, Compression, Resets, and Termination Features<\/li>\n\n\n\n<li>Collateral<\/li>\n\n\n\n<li>Credit Exposure and Funding<\/li>\n\n\n\n<li>Credit and Debit Value Adjustment<\/li>\n\n\n\n<li>The Credit Transfer Markets \u2013 And Their Implications<\/li>\n\n\n\n<li>An Introduction to Securitisation<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-risk-management-and-investment-management\"><span id=\"risk-management-and-investment-management\">Risk Management and Investment Management<\/span><\/h3>\n\n\n\n<p>This section tests the knowledge of risk management techniques and how it is exercised in the process of investment management. A list of topics covered under this component of the FRM syllabus is:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Liquidity Risk<\/li>\n\n\n\n<li>Liquidity and Leverage<\/li>\n\n\n\n<li>The Failure Mechanics of Dealer Banks<\/li>\n\n\n\n<li>Repurchase Agreements and Financing<\/li>\n\n\n\n<li>Illiquid Assets<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-operational-and-integrated-risk-management\"><span id=\"operational-and-integrated-risk-management\">Operational and Integrated Risk Management<\/span><\/h3>\n\n\n\n<p>This sub-field of Risk Management is concerned with the assessment of the operational risks, and implementation of risk controls, which further leads to mitigation, avoidance of risk or acceptance. Concepts you must study in this part of the FRM syllabus are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Principles for the Sound Management of Operational Risk&nbsp;<\/li>\n\n\n\n<li>Enterprise Risk Management: Theory and Practice<\/li>\n\n\n\n<li>What is ERM<\/li>\n\n\n\n<li>Banking Conduct and Culture: A Permanent Mindset Change<\/li>\n\n\n\n<li>Risk Culture<\/li>\n\n\n\n<li>Stress Testing Banks<\/li>\n\n\n\n<li>Guidance on Managing Outsourcing Risk<\/li>\n\n\n\n<li>Management of Risks Related to Money Laundering and Financing of Terrorism<\/li>\n\n\n\n<li>Risk Capital Attribution and Risk-Adjusted Performance Measurement<\/li>\n\n\n\n<li>Range of Practices and Issues in Economic Capital Frameworks<\/li>\n\n\n\n<li>Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice<\/li>\n\n\n\n<li>OpRisk Data and Governance<\/li>\n\n\n\n<li>Supervisory Guidance on Model Risk Management<\/li>\n\n\n\n<li>Information Risk and Data Quality Management<\/li>\n\n\n\n<li>Validating Rating Models<\/li>\n\n\n\n<li>Stress Testing Banks<\/li>\n\n\n\n<li>High-level summary of Basel III Reforms<\/li>\n\n\n\n<li>Basel III: Finalising Post-Crisis Reforms<\/li>\n\n\n\n<li>Regulation of the OTC Derivatives Market<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-current-issues-in-financial-markets\"><span id=\"current-issues-in-financial-markets\">Current Issues in Financial Markets<\/span><\/h3>\n\n\n\n<p>The awareness of contemporary trends and happenings in the financial markets across the globe is also pivotally examined in the second part of the FRM syllabus. Here is a list of relevant topics that this section entails:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Factor Theory<\/li>\n\n\n\n<li>Factors<\/li>\n\n\n\n<li>Alpha (and the Low-Risk Anomaly)<\/li>\n\n\n\n<li>Portfolio Construction<\/li>\n\n\n\n<li>Portfolio Risk: Analytical Methods<\/li>\n\n\n\n<li>VaR and Risk Budgeting in Investment Management<\/li>\n\n\n\n<li>Hedge Funds<\/li>\n\n\n\n<li>Performing Due Diligence on Specific Managers and Funds<\/li>\n<\/ul>\n\n\n\n<p class=\"has-pale-ocean-gradient-background has-background\"><strong>Check Out: <span style=\"text-decoration: underline\"><a href=\"https:\/\/leverageedu.com\/blog\/bsc-biotechnology-syllabus\/\">BSc in Biotechnology Syllabus<\/a><\/span><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-career-prospects-after-frm-exam\"><span id=\"career-prospects-after-frm-exam\">Career Prospects after FRM Exam<\/span><\/h2>\n\n\n\n<p>Now that you are aware of the FRM syllabus, you must also understand the scope that this designation encompasses. After clearing both the exam and getting relevant work experience, the candidate is provided with the FRM certification by GARP. Below is a list of the most sought-after jobs in FRM:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Risk Analytics Client Consultant<\/li>\n\n\n\n<li>Corporate Risk Manager<\/li>\n\n\n\n<li>IT Management Analyst<\/li>\n\n\n\n<li>Regulatory Risk Specialist<\/li>\n\n\n\n<li>Credit Risk Specialist<\/li>\n\n\n\n<li>Market Risk Specialist<\/li>\n\n\n\n<li>Enterprise Risk Manager&nbsp;&nbsp;<\/li>\n\n\n\n<li>Risk Manager<\/li>\n\n\n\n<li>IT Risk Management Analyst<\/li>\n\n\n\n<li>Regulatory Risk Analyst<\/li>\n\n\n\n<li>Senior Operational Risk Manager<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span id=\"faqs\">FAQs<\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1591105116210\"><strong class=\"schema-faq-question\">What are the subjects in FRM?<\/strong> <p class=\"schema-faq-answer\">The FRM syllabus is divided into two parts, and the major subjects covered under these two parts are:<br \/>-Risk Management<br \/>-Quantitative Analysis<br \/>-Valuation &amp; Risk Models<br \/>-Financial Markets &amp; Products<br \/>-Credit Risk Management<br \/>-Integrated Risk Management<br \/>-Risk &amp; Investment Risk Management<br \/>-Market Risk Management<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1591105294654\"><strong class=\"schema-faq-question\">What is the passing score for the FRM exam?<\/strong> <p class=\"schema-faq-answer\">The FRM exam doesn\u2019t have a fixed passing score. Typically, you need to score above 70% or be in the top 40% of test-takers to pass.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1752306960754\"><strong class=\"schema-faq-question\">Who is eligible for the FRM exam?<\/strong> <p class=\"schema-faq-answer\">Anyone can take the FRM exam. There are no specific educational requirements, making it perfect for students or fresh graduates looking to start a career in risk management or finance.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1591105844484\"><strong class=\"schema-faq-question\">Does FRM require maths?<\/strong> <p class=\"schema-faq-answer\">Since FRM is a finance-oriented qualification, maths is a part of its syllabus, though not directly, but more through financial calculations. FRM syllabus comprises different subjects that provide learners with a good overview of mathematical subjects and tools utilised in Financial Management, Risk Management, Valuation, etc.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1591105982213\"><strong class=\"schema-faq-question\">How many attempts are allowed in FRM?<\/strong> <p class=\"schema-faq-answer\">There is no limit to the number of attempts for FRM, but it is important that if you have cleared the Part 1 exam, you must appear for the Part 2 exam within 4 years or else you would have to enrol in the course again and reappear for Part 1.<\/p> <\/div> <\/div>\n\n\n\n<p><strong>Related Reads:<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-fixed-layout\"><tbody><tr><td><a href=\"https:\/\/leverageedu.com\/blog\/sat-syllabus\/\"><strong>SAT Syllabus<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/ba-mathematics-syllabus\/\"><strong>B.A. Mathematics Syllabus<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/blog\/cma-course-details\/\"><strong>CMA Course Details<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/syllabus-vs-curriculum\/\"><strong>Syllabus vs Curriculum<\/strong><\/a><\/td><\/tr><tr><td><a href=\"https:\/\/leverageedu.com\/blog\/cfa-syllabus\/\"><strong>CFA Syllabus<\/strong><\/a><\/td><td><a href=\"https:\/\/leverageedu.com\/blog\/ma-sociology-syllabus\/\"><strong>MA Sociology Syllabus<\/strong><\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Thus, we hope that this blog has helped you understand the vast FRM syllabus. Needless to say, finance as a professional domain needs rigorous study and a specific set of knowledge to thrive in the fast-paced industry. If you are aspiring to pursue this field, reach out to our experts at <strong><a href=\"https:\/\/leverageedu.com\/\">Leverage Edu<\/a><\/strong> and we\u2019ll help you identify an ideal degree and university that can equip you with the required knowledge and exposure to establish a rewarding career in Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"Financial Risk Manager (FRM) is a renowned professional designation given by the Global Association of Risk Professionals (GARP)&hellip;\n","protected":false},"author":14,"featured_media":794264,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"editor_notices":[],"footnotes":""},"categories":[3670,4763],"tags":[],"class_list":{"0":"post-26323","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance","8":"category-management"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FRM Syllabus, Fees, 2024 Dates, Changes 2024 - Leverage Edu<\/title>\n<meta name=\"description\" content=\"In this blog, receive answers to questions: What are the subjects in FRM? What is FRM cost? Who is eligible and the latest 2024 dates!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leverageedu.com\/blog\/frm-syllabus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRM Syllabus: Exam, Career Scope &amp; Salary\" \/>\n<meta property=\"og:description\" content=\"In this blog, receive answers to questions: What are the subjects in FRM? What is FRM cost? 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There are no specific educational requirements, making it perfect for students or fresh graduates looking to start a career in risk management or finance.","inLanguage":"en-US"},"inLanguage":"en-US"},{"@type":"Question","@id":"https:\/\/leverageedu.com\/blog\/frm-syllabus\/#faq-question-1591105844484","position":4,"url":"https:\/\/leverageedu.com\/blog\/frm-syllabus\/#faq-question-1591105844484","name":"Does FRM require maths?","answerCount":1,"acceptedAnswer":{"@type":"Answer","text":"Since FRM is a finance-oriented qualification, maths is a part of its syllabus, though not directly, but more through financial calculations. 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