FRM exam dates. Exam dates and deadlines
FRM Exam Dates 2025: Full Schedule and Key Registration Deadlines
Planning for the FRM exam requires keeping track of important exam dates and registration deadlines. The Global Association of Risk Professionals (GARP) offers the Financial Risk Manager (FRM) exam three times a year in 2025: May, August, and November. Whether you’re preparing for FRM Part I or FRM Part II, knowing these key dates will help you stay organized and set a proper study schedule.
In this blog, we’ll cover the complete FRM exam dates for 2025, registration deadlines, and essential tips to help you plan your exam journey effectively. We’ll also answer frequently asked questions, ensuring you have everything you need to succeed.
FRM Exam Dates in 2025
The FRM exam is offered in three distinct windows throughout 2025:
- May 2025
- August 2025 (for Part I only)
- November 2025
Each cycle includes FRM Part I and Part II (except for August, Part I only). Here are the expected exam dates:
FRM May 2025 Exam Dates
- FRM Part I: Expected between May 10–16, 2025
- FRM Part II: Expected between May 17–21, 2025
FRM August 2025 Exam Dates (Part I only)
- FRM Part I: Expected in early to mid-August 2025
FRM November 2025 Exam Dates
- FRM Part I: Expected between November 8–14, 2025
- FRM Part II: Expected between November 15–19, 2025
Registration Deadlines for 2025 FRM Exams
GARP offers three main registration periods for each exam window: Early, Standard, and Late Registration. Each period has different fee structures, so registering early will save you money and secure your exam date.
May 2025 Exam Registration Deadlines
- Early Registration: Expected to open in December 2024 and close by January 31, 2025
- Standard Registration: Expected to close around March 31, 2025
- Late Registration: Expected to close around April 15–30, 2025
August 2025 Exam Registration Deadlines
- Early Registration: Likely open around March 2025, closing by April 30, 2025
- Standard Registration: Likely closing around June 30, 2025
- Late Registration: Expected to close by July 15–30, 2025
November 2025 Exam Registration Deadlines
- Early Registration: Expected to open in May 2025, closing around July 31, 2025
- Standard Registration: Likely closing around September 30, 2025
- Late Registration: Expected to close by October 15–30, 2025
Read our detailed blog on how to register for the FRM exam for a step by step guide.
How to Schedule and Defer the FRM Exam
Once registered, you will receive an email from GARP with instructions on scheduling your exam at a Pearson VUE testing center. You will need to:
- Log into your GARP account and navigate to the scheduling section.
- Select a date, time, and location for your exam at a Pearson VUE center.
- Confirm your appointment to secure your exam slot.
Deferring the FRM Exam
If you cannot take the exam during your chosen cycle, you can defer to the next available window for a $200 fee. Deferrals must be completed before the registration deadline for the next exam window.
Common Questions About FRM Exam Dates
Can I take FRM Part I and Part II on the same day?
Yes, you can register to take FRM Part I and II on the same day (except in August). However, passing Part I is required for Part II to be scored. Taking both parts together is not recommended unless you have significant preparation time.
What if I miss the May 2025 registration deadline?
If you miss the May 2025 deadline, you can register for the August 2025 cycle (for Part I only) or the November 2025 cycle. Remember that early registration for the next window is essential to save on fees.
How do I reschedule my FRM exam?
You can reschedule your exam within the same testing window (e.g., May 2025) through Pearson VUE at no additional cost if done at least 48 hours before your scheduled exam.
How to Pass the FRM Exam: Study Strategies for Success
Now that you know the exam dates and registration deadlines, here are some essential study strategies to help you pass the FRM exam:
-
Create a Study Plan
- Start preparing at least 4-6 months before the exam.
- Break down the syllabus into manageable chunks and set daily/weekly goals.
-
Focus on Key Topics
- FRM Part I emphasizes quantitative analysis, financial markets, and valuation models.
- FRM Part II focuses on market, credit, and operational risks.
-
Take Practice Exams
- Use mock exams to simulate actual test conditions.
- Identify your weak areas and adjust your study plan accordingly.
-
Join FRM Study Groups
- Engaging with peers can help you understand complex concepts.
- Sharing resources and strategies keeps you motivated.
-
Stay Updated on Exam Changes
- Follow GARP’s updates for any changes in exam format or content.
- Stay current on financial markets and risk management trends.
Please read our blog on How to Pass the FRM Exam for more detailed study tips.
Key Takeaways:
-
May 2025 Exam Dates:
- Part I: May 10–16, 2025
- Part II: May 17–21, 2025
-
August 2025 Exam Dates (Part I Only):
- Early to mid-August 2025
-
November 2025 Exam Dates:
- Part I: November 8–14, 2025
- Part II: November 15–19, 2025
-
Early Registration Deadlines:
- May 2025: January 31, 2025
- August 2025: April 30, 2025
- November 2025: July 31, 2025
Stay ahead by registering early with GARP, setting up a study plan, and scheduling your exam well in advance to avoid last-minute rushes.
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FAQs
The FRM certification does not have strict educational prerequisites, making it accessible to individuals from various backgrounds such as finance, economics, engineering, or even law. However, candidates typically have some familiarity with financial markets, risk management, or quantitative analysis. Practical experience or academic exposure to finance-related topics will be helpful, but not mandatory.
FRM is generally regarded as highly specialized in risk management compared to the broader scope of the CFA, which covers investments, economics, and portfolio management. The FRM exam is technical and quantitatively demanding, especially in areas like value-at-risk (VaR), derivatives, and credit risk models. It’s a strong choice for those interested in financial risk roles specifically, whereas the CFA is more suited for broader finance careers.
On average, candidates spend about 200-300 hours preparing for each part of the exam. This can vary depending on your background:
The FRM exams are known for their difficulty, so disciplined study and practice are crucial.
Yes, the FRM complements other certifications like the CFA or an MBA by deepening expertise in risk management. It’s particularly valuable if you are pursuing or transitioning to risk-focused roles such as risk management, risk consulting, or trading. Many professionals in broader finance careers, like investment banking or asset management, pursue FRM to enhance their understanding of risk frameworks.
The exams are heavily focused on practical and analytical problem-solving. Questions require not only knowledge of risk theories but also the ability to apply concepts like VaR, credit derivatives, and stress testing in real-world scenarios. This is different from some finance certifications that may emphasize more theoretical or conceptual knowledge.
You can retake Part II at any subsequent exam session (exams are offered twice a year, in May and November). You haveup to five yearsto pass Part II after passing Part I. If you don’t pass within this timeframe, you will need to retake Part I as well.
No, you can only claim the FRM designation after completing two years of relevant full-time work experience in risk management or related fields. This experience must be verified by GARP. You can, however, mention that you are a “FRM Part I/II candidate” while you’re working toward the full designation.
Once you have earned the FRM designation, GARP expects you to participate inContinuing Professional Development (CPD), although it’s currently not mandatory. CPD encourages FRMs to maintain and update their knowledge in risk management through professional learning activities, ensuring they remain relevant in the field.
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