Exams
The FRM Exams are intended to thoroughly assess a financial risk manager’s ability to measure and manage risk in a real-world environment.
The FRM exams are administered on a single day twice a year, on the third Saturdays in May and November. In 2013, the FRM exams are scheduled for May 18 and November 16.
The FRM exams are administered on paper. All questions are multiple choice; each question has 4 answer choices. There are no penalties for wrong answers.
The questions in the exams are structured in the context of situations that financial risk managers face every day. The information needed to answer each question is contained within the question or vignette.
Only certain models of Texas Instruments (BA II Plus) and Hewlett Packard (10B II, 20B, and HP-12C) calculators may be used.
In addition to the official curriculum materials from GARP, study materials for the FRM exams are available from a number of third party providers. GARP recommends 150–200 hours of study for each part of the exam.
Read more about this topic: Financial Risk Manager
Famous quotes containing the word exams:
“I know that if I’d had to go and take an exam for acting, I wouldn’t have got anywhere. You don’t take exams for acting, you take your courage.”
—Dame Edith Evans (1888–1976)