Online FRM Training for Part I & Part II Exam Preparation
Prepare for the Financial Risk Manager (FRM®) examinations through 160+ guided hours of live online classes, recordings, Kaplan Schweser support, 5,000+ practice and revision resources, mock exams and an AI-powered LMS. EduDelphi provides independent FRM preparation for working professionals worldwide; GARP separately controls official registration, examinations, results and certification.
Learn the risk judgement behind the formula, not only how to recognise a definition.
Know the official FRM route before you plan your preparation
The FRM® is GARP’s Financial Risk Manager designation. Candidates pass two computer-based examinations and then meet the relevant professional-work-experience requirement to become certified.
GARP states that candidates devote an average of around 240 study hours to the FRM Program. EduDelphi’s 160+ guided hours are designed to give that independent study a structured teaching, practice and revision framework.
What is the difference between FRM and GARP?
FRM means Financial Risk Manager, the professional designation. GARP, the Global Association of Risk Professionals, manages the official FRM Program, registration, examinations, certification policies and work-experience review. EduDelphi supports candidates with independent training, practice, study planning and revision. View the official GARP FRM Program information.
Choose FRM when financial-risk judgement is central to your next role
FRM is strongest for professionals who want to analyse, challenge, explain or manage risk across a financial institution, corporate finance function, investment environment or control framework.
Risk & treasury
Understand exposures more deeply
For market-risk, credit-risk, liquidity, treasury, risk-analytics and financial-control professionals.
Audit & controls
Question the risk behind the process
For internal-audit, controls, model-risk, compliance and governance professionals working with financial exposures.
Investment & finance
Strengthen risk-aware decisions
For finance and investment professionals who need sharper analysis of valuation, products, risk models and stress scenarios.
When another route may fit better: consider CFA if investment analysis and portfolio management are the core goal, or US CMA if management accounting and FP&A are the stronger fit.
What is included in the EduDelphi online FRM course?
The course is built for professionals who need an accountable study system, not a collection of disconnected videos.
Live instruction
160+ guided hours
Structured Part I and Part II teaching, question solving, revision planning and faculty-led clarification.
Study resources
Plan and revise efficiently
Kaplan Schweser support, recordings, study notes, mind maps, cheat sheets, infographics and focused revision resources.
Practice and mocks
5,000+ resources
Topic practice, exam-style drills, mock exams, weak-area review and reasoned answer debriefs.
Flexible support
Study around work
AI-powered LMS access, recordings, self-paced reinforcement, one-to-one support and corporate routes.
Why Use EduDelphi When GARP Already Provides FRM Study Material?
Self-study can be enough for highly disciplined candidates. EduDelphi is primarily for people who value live explanation, accountability, question debriefs, structured pacing and access to faculty while working through the official route.
GARP Learning
Official curriculum layer
Official curriculum access, Part I practice exams, study planning and chapter-level practice. Current Part II GARP Learning access is purchased separately.
Does not replace: live explanation or a personalised preparation schedule.
Kaplan Schweser support
Condensed review layer
Review support and exam-preparation resources alongside the selected EduDelphi course package.
Does not replace: faculty-led diagnosis of why a method or risk judgement went wrong.
EduDelphi
Guided preparation layer
160+ guided hours, live teaching, structured study pacing, question debriefs, mocks, recordings and access to faculty.
Does not replace: GARP’s official registration, examination, result or certification process.
GARP currently gives Part I candidates complimentary access to GARP Learning and two full-length official practice exams. Part II GARP Learning is currently listed separately at US$250, while registered Part II candidates receive two official full-length practice exams. Review GARP’s current official study-material details.
FRM Part I & Part II Syllabus 2026: Topics, Weights and Applied Exam Preparation
The official Learning Objectives are set by GARP. EduDelphi preparation follows the current 2026 structure, while our exam strategy and mock rehearsal remain clearly separate from official content.
FRM Part I: four knowledge areas and their exam weights
- Foundations of Risk Management — 20%: risk governance, corporate risk thinking and risk-return concepts.
- Quantitative Analysis — 20%: probability, statistics, regression, time series and data interpretation.
- Financial Markets and Products — 30%: fixed income, equities, derivatives, foreign exchange and related exposures.
- Valuation and Risk Models — 30%: pricing, volatility, value-at-risk concepts, model assumptions and risk measurement.
FRM Part II: six knowledge areas and their exam weights
- Market Risk Measurement and Management — 20%: stress testing, trading exposures and model-based decisions.
- Credit Risk Measurement and Management — 20%: counterparty exposure, ratings, credit products and portfolio considerations.
- Operational Risk and Resilience — 20%: governance, controls, conduct, risk culture and resilience.
- Liquidity and Treasury Risk Measurement and Management — 15%: funding, liquidity and capital considerations.
- Risk Management and Investment Management — 15%: risk-aware investment decisions and portfolio context.
- Current Issues in Financial Markets — 10%: the annual GARP reading cycle and emerging risk themes.
2026 Current Issues: preparation includes the applicable GARP reading cycle around AI and capital markets, private credit, geopolitical risk, government-debt pressures, digital assets and digital resilience. These subjects should be reviewed against the current official reading list, not treated as static syllabus copy.
EduDelphi exam strategy and mock rehearsal
- How to identify the actual risk decision before selecting a method or formula.
- Question debriefs that distinguish concept, calculation and judgement errors.
- Timed mock rehearsal, study-calendar repair and prioritisation of weak topic clusters.
- Practical explanations connecting GARP concepts to risk, treasury, control and finance situations.
Current syllabus reference: 2026 GARP Learning Objectives. GARP reviews the curriculum annually and releases new study materials on 1 December for the following calendar year. This page will be reviewed again when the 2027 materials are released.
Example: a liquidity and funding-stress decision
A treasury team expects a funding gap during a period of market volatility. Liquidity buffers appear sufficient under normal conditions, but a stress scenario changes the assumed funding availability, collateral calls and asset-sale discounts.
In class, learners practise how to separate the known facts from assumptions, assess the drivers of liquidity pressure and decide which information deserves further challenge. The exercise is educational and does not provide investment, treasury or regulatory advice.
FRM Exam Format, Eligibility, Fees and Official Timeline
GARP currently offers the two FRM examinations in May, August and November. Candidates may register without a formal education or professional prerequisite, but certification requires passing both parts and demonstrating two years of relevant full-time professional work experience.
| Official FRM detail | Current reference |
|---|---|
| Part I | 100 multiple-choice questions; 4 hours; foundations, quantitative analysis, markets/products, valuation and risk models. |
| Part II | 80 multiple-choice questions; 4 hours; market, credit, operational/resilience, liquidity/treasury and investment risk topics. |
| Exam delivery | Computer-based testing. GARP publishes the current testing-provider and scheduling rules by market. |
| Program timing | Part II must be passed by 31 December of the fourth year after passing Part I. |
| Work experience | Two years of qualifying full-time professional risk experience are required for certification. Candidates currently have up to 10 years after passing Part II to submit qualifying experience. GARP makes the final review decision. |
| Current GARP cost reference | New Part I candidates: US$400 one-time enrollment plus US$800 per exam part at the November 2026 standard rate, excluding applicable tax. Confirm the live amount before payment. |
Plan the qualification route, not only the next exam window
GARP states that candidates spend an average of about 240 hours preparing for the FRM Program. Your required time will depend on prior quantitative exposure, professional experience, which part you are taking, weekly study capacity and your exam target. EduDelphi’s 160+ guided hours combine live teaching, practice and flexible support; individual independent study remains essential.
Registration to exam
Use the official window
Confirm the applicable GARP registration, scheduling and testing dates before selecting a cohort or target month.
Part I to Part II
Build a realistic pathway
Plan both the knowledge load and the deadline for passing Part II after Part I, rather than treating the parts as unrelated courses.
Build a stronger financial-risk narrative for the responsibilities you want next
FRM knowledge can support work in market risk, credit risk, treasury, liquidity, risk analytics, model risk, operational resilience, internal audit, compliance, finance governance and investment-risk functions.
It does not guarantee a role, salary or promotion. Its value is strongest when you can connect the knowledge to a decision you already own: a credit exposure, liquidity assumption, model challenge, control concern, stress scenario or risk report.
FRM vs CFA vs PRM: Which Financial-Risk Route Fits Your Career?
| Route | Primary focus | Better fit when |
|---|---|---|
| FRM | Financial risk, risk models, market/credit/liquidity risk and risk governance. | Risk judgement and risk-management responsibility are central to your target role. |
| CFA | Investment analysis, valuation, portfolio management and ethics. | You are targeting investment research, asset management or portfolio roles. |
| PRM | Professional risk-management concepts and risk practice. | You are comparing a different risk credential route and should assess the current body, format and employer relevance. |
Preparation led by practical finance and risk expertise
FRM and finance faculty
Shyam Sarrof
CPA (USA), CMA (USA), ACA, ACMA, CS, CFA, ACTM, MBA, B.Com (H)
With 22+ years of professional experience, Shyam connects risk concepts to reporting, controls, treasury, finance and decision-making context. His teaching focuses on interpreting the risk decision behind a question, not simply recalling a formula.
FRM-qualified faculty
Avijit Goswami
FRM, CPA (USA), CMA (USA), FCS, FCMA, LLB, M.Com
Avijit supports structured concept review, question solving, mock analysis and revision planning across Part I and Part II. The focus is on identifying the pattern behind an error so the next week of study becomes more effective.
Corporate FRM Training for Risk, Treasury and Finance Teams
Private cohorts give teams a structured route through FRM preparation while keeping real operating context visible: risk appetite, exposures, liquidity, controls, model assumptions and reporting.
- Private global cohorts and time-zone-aware live delivery.
- Role-relevant discussion for risk, treasury, finance, audit and controls teams.
- Mock planning, revision support and progress visibility where agreed.
- Live, recording-led, self-paced and customised delivery options.
FRM Course, Examination and Preparation Questions
What does FRM stand for?
What is the difference between FRM and GARP?
Can anyone register for the FRM exams?
How many questions are on the FRM exams?
Can I take FRM Part I and Part II in the same exam window?
Can I take FRM Part II before Part I?
How long do I have to pass FRM Part II?
How much does the FRM qualification cost?
What score do I need to pass FRM?
How long should I study for FRM?
Can I study FRM in a self-paced format?
What happens if I need to defer my FRM exam?
How long do I have to submit FRM work experience?
What is included in EduDelphi FRM preparation?
Can companies arrange corporate FRM training?
FRM vs CFA: which should I choose?
Get FRM Fees, Syllabus & a Global Batch Recommendation
Share your country, preferred learning mode and target exam part. We will send the current syllabus, live and self-paced options, EduDelphi tuition guidance, package inclusions and a clear explanation of the separate GARP process.
Looking for FRM preparation in your country?
Explore country-specific FRM course guidance for local delivery context and regional commercial support.
FRM® and Financial Risk Manager are registered trademarks of GARP. EduDelphi provides independent exam preparation and does not award the FRM designation.
