Examination Structure & Syllabus Weights

Examination Structure:
FRM Program has been divided in to two Parts which can be taken in May and November each year.
FRM Exam Part I would comprise 100 MCQs and Part II would comprise 80 MCQs.
Each Exam Part will be 4 hours in length. Part I will be administered in the morning and Part II in the afternoon.
You are allowed to register for both the FRM Exam Part I and Part II on the same day. Part I will be offered in the morning and Part II in the afternoon.
You must pass Part I and Part II to be eligible for FRM Certification. Note, if you took both Part I and Part II on the same day, you must pass Part I in order to have Part II graded.
If you fail the FRM Exam part I, You may retake the Exam at your convenience during the next 4 years. When you re-register you will re-enroll as a returning candidate in the FRM Program. If you fail to re-register within the next 4 year period (8 exam cycles) you will have to register as a new candidate and pay all applicable fees at that time.
Once a candidate passes the FRM Exam Part I they must pass the FRM Exam Part II within 4 years (within the next 8 exam cycles). If a candidate fails to pass the FRM Exam Part II within that timeframe, they must re-enroll in the FRM Exam Program as a new candidate.
Exam is paper based and cannot be taken electronically.
Candidates will not be provided individual Exam scores, the results will be communicated only as pass/fail.
The passing scores will still be determined based on a ratio of the absolute score to the average of the top 5% of candidate test results.

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