FRM Preparation Strategy

FRM Preparation Strategy

Use the current GARP curriculum

GARP revises the FRM curriculum annually. Candidates should use the study guide and learning objectives for the specific examination year.

Master quantitative foundations

Part I includes probability, statistics, regression, time series, volatility, correlation and simulation. Candidates should practise calculations as well as conceptual questions.

Understand financial products

Financial Markets and Products covers institutions, markets and products including derivatives and fixed-income instruments. Understanding how products work is important for later valuation and risk topics.

Practise valuation and risk models

Part I includes Value at Risk, expected shortfall, stress testing, scenario analysis and valuation concepts.

Use official GARP practice resources

GARP provides GARP Learning, practice questions and official full-length practice examinations. Part I candidates receive access to GARP Learning as part of registration.

Plan for the four-hour examination

Part I contains 100 questions in four hours. Candidates should practise working accurately under time pressure.