Becoming a Financial Risk Manager (FRM) takes commitment, time and dedication. To help you plan effectively, knowing the key FRM exam deadlines and dates is important. So, let’s dive in to find out more.
What does the FRM exam involve?
There are two parts to the FRM exam – Part I and Part II.
The first part explores financial risk tools which include quantitative analysis, fundamental risk management concepts, financial markets and products along with risk and valuation models. The exam for this part is weighted and is made up of 100 multiple-choice questions multiple-choice.
The second part of the exam focuses on how to apply the tools learned in part I. It covers market and credit risk measurement and management, liquidity, operational and integrated risk management and financial market issues. Part II is a weighted 80-question multiple-choice exam.
How do you become FRM certified?
Before you can become FRM certified, you need to:
- Pass part I of the FRM Exam
- Pass part II of the exam by 31st December within 4 years of passing part I
- Complete and submit 2 years of full-time relevant financial risk management work experience
What are the FRM exam windows?
The exams for both parts of FRM only take place a few times a year. You will get a maximum of 4 hours to complete the exam. The exam dates for 2023 are:
May Exam Deadlines
I. Exam dates
Dates | Description |
May 6 – May 19 | FRM Part I exam |
| May 20 – May 26 | FRM Part II exam |
II. Securing an Exam Spot
Early Registration | Dec 1, 2022 – Jan 31, 2023 |
| Standard Registration | Feb 1 – Mar 31, 2023 |
Window to Select an Exam | Dec 1, 2022 – April 21, 2023 |
August Exam Deadlines
I. Exam dates
Dates | Description |
August 5th (AM Session) | FRM Part I exam |
| August 5th (PM Session) | FRM Part II exam |
II. Securing an Exam Spot
Early Registration | March 1 – April 30, 2023 |
| Standard Registration | May 1 – June 30, 2023 |
Window to Select an Exam | March 1 – July 21, 2023 |
November Exam Deadlines
I. Exam dates
Dates | Description |
Nov 4 – Nov 17 | FRM Part I exam |
| Nov 18 – Nov 24 | FRM Part II exam |
II. Securing an Exam Spot
Early Registration | May 1 – July 31, 2023 |
| Standard Registration | Aug 1 – Sept 30, 2023 |
Window to Select an Exam | May 1 – Oct 20, 2023 |
What happens if an FRM exam is postponed or you need to defer?
Recent events such as Covid-19 meant that FRM exams were postponed or cancelled. If this happens, GARP or an approved tuition provider will notify candidates as soon as possible.
If you need to defer an exam, remember that you can only do so once and only until the next two exams for Part I and the next for Part II. You need to request a deferral within the deadline, and there is a fee of $200 involved.
The deadlines for exam deferral in 2023 are:
- May — March 31, 2023
- August – June 30, 2023
- November — Sept. 30, 2023
How do you get FRM exam results?
Exam results are usually released by email 6 weeks after sitting the exam. Each candidate will receive a notification of a pass or fail along with percentile ranges to compare results to other sitters.
So there you have it for 2023! Bookmark these important dates to ensure you’re ready to sit and pass your upcoming FRM exams.
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