Study Materials
The following official resources are available to help candidates prepare for both parts of the FRM Exam.

 

Study Guide

FRM-Study-Guide-2013
The Study Guide sets forth primary topics and subtopics covered in the FRM Exam Part I and II. Readings are selected by the FRM Committee every year as being representative of the theories and concepts that risk managers working today have to master. The topics are reviewed yearly to ensure the FRM Exam is kept timely and relevant.
Cost: Free

 

Exam Preparation Handbook

FRM-Prep-Handbook-2013
The FRM Exam Preparation Handbook is designed to assist FRM candidates in their preparation for the FRM Exam by suggesting strategies for completing the reading material outlined in the FRM Study Guide and FRM AIM Statements documents, which together form the blueprint for Exam topic coverage.
Cost: Free

 

AIM Statements

FRM-AIM-Statement-2013
The Applying Instructional Materials (AIM) Statements address each subtopic set out in the FRM Study Guide and helps candidates identify specific concepts they should understand from the recommended readings.
Cost: Free to paid FRM Exam candidates

 

Part I Books

Pt1Books
These are the official books for the FRM Exam Part I. The four volume set includes: Foundations of Risk Management; Quantitative Analysis; Financial Markets and Products; and Valuation and Risk Management. They are available in printed format only.
Candidate Cost: US$250, plus shipping.

 

Part II Books

Pt2Books
These are the official FRM Exam Part II books. Readings cover topics related to market risk management, credit risk management, operational risk management, risk management and investment management and current issues in financial markets. They are available in printed format only and ship as four books. The material related to current issues in financial markets is available as a digital download.
Candidate Cost: US$295, plus shipping.

 

Study Guide Changes for Returning Candidates

FRM-Study-Guide-Changes-2013
Deferral and Returning FRM Candidates: 2014 Study Guide Changes
Deferral and Returning FRM Candidates should download this list of changes to the 2014 FRM Study Guide. This is a list of new, deleted, and updated readings from the 2013 FRM Study Guide.
Cost: Free

 

Practice Exams

FRM-Practice-Exam-2013
2014 FRM Practice Exams
Based on a sample of questions from the 2010 through 2013 FRM Exams, these Practice Exams are representative of the questions in the 2014 FRM Exams.
FRM-Practice-Exam-2013
2013 FRM Practice Exams
Based on a sample of questions from the 2010 through 2012 FRM Exams, these Practice Exams are representative of the questions that appeared in the 2013 FRM Exams.
FRM-Practice-Exam-2013
2012 FRM Practice Exams
These practice Exams are based on a sample of questions from the 2010 FRM Exam, and were representative of the questions that appeared on the 2012 FRM Exams.

Please note this is only available via digital access.

FRM_StudyCenter_PracticeExam2012
2011 FRM Practice Exams
These practice Exams are based on a sample of questions from the 2009 FRM Exam, and were representative of the questions that appeared on the 2011 FRM Exams. 

Please note this is only available via digital access.

 

Weekly Study Topics

As you prepare for the FRM Exam, GARP will be highlighting topics that appear on the Exam to help candidates pace themselves through the Exam material. These topics directly correspond to the FRM Study Guide and to the related readings in the official FRM books.

FRM Part 1

FRM Part 2

FRM Registration
Registration for the November 2014 FRM Exam is now open.

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2014 FRM Candidate Guide
cover
The FRM Candidate Guide provides prospective and current FRM Exam candidates with a comprehensive overview of everything they need to know before, during, and after sitting for the FRM Exam.

Download

FRM Videos
The following videos offer valuable information and advice about different aspects of the FRM Program.