6 to 12 months


Two-levels of Exams

Score 70% or more per level (as decided by institute)

Pencil and paper - Multiple choice based exams

 Mode of training

Online - live training on our LMS platform

 Overview of the Course
FRM-USA stands for Financial Risk Manager offered by GARP, USA.  FRM is one of the most coveted risk-based professional courses in the world which enhances your career with the skills needed to excel at all stages of financial risk. One has to clear two levels of exams and provide two years of relevant work experience to become a certified FRM.

FRM - Level - 1 - Syllabus

• Basic risk types, measurement and management tools
• Creating value with risk management
• Risk governance and corporate governance
• Credit risk transfer mechanisms
• The Capital Asset Pricing Model (CAPM)
• Risk-adjusted performance measurement
• Multifactor models
• Data aggregation and risk reporting
• Financial disasters and risk management failures
• Ethics and the GARP Code of Conduct

• Discrete and continuous probability distributions
• Estimating the parameters of distributions
• Population and sample statistics
• Bayesian analysis
• Statistical inference and hypothesis testing
• Measures of correlation
• Linear regression with single and multiple regressors
• Time series analysis and forecasting
• Simulation methods

• Structures and functions of financial institutions
• Structure and mechanics of over-the-counter (OTC) and exchange markets
• Structure, mechanics and valuation of forwards, futures, swaps and options
• Hedging with derivatives
• Interest rates and measures of interest rate sensitivity
• Foreign exchange risk
• Corporate bonds
• Mortgage-backed securities

Key Roles for a FRM:

  • Financial Risk Analyst

  • Credit Risk Analyst

  • Treasury Analyst

  • Risk Manager

Key subjects : (Level-1)

  • Quantitative Analysis (Weightage: 20%)

  • Foundations of Risk Management (Weightage: 20%)

  • Financial Markets and Products (Weightage: 30%)

  • Valuation and Risk Models (Weightage: 30%)

FAQs :

Q:  Who should take up FRM-USA?


Students or working professionals interested in pursuing a career in financial risk,                                    Read more...

Exam window :
May and November every year 

December 2020 Exam Calendar (Level I)

Exam registration opens
1 May 2020

Early registration fee deadline
31 July 2020 (425$ + 400$ registration)

Standard registration fee deadline
31 August 2020 (550$ + 400$ registration)

Final (late) registration fee deadline
15 October 2020 (725$ + 400$ registration)

Exam Day
21 November 2020

Exam centre :
FRM-USA exams are conducted across the world including India. To check your nearest exam centre -
click here
Exam structure (Level-1) :

100-question multiple choice exam.
Level-I exam is always offered in the morning and must be completed in four hours or less.

FRM - Level - 1 pass % in 2019 was
42% (May) to 46% (November)


Salary Range

Generally, fresh FRM exam passed without any work experience can expect a starting salary between ₹ 6 to 7 lacs per annum. The salaries, however, would largely depend upon work profile, sector, skills and experience of the candidate.

For more details on FRM placements - click here

Biggest Employers of FRM in India

*Note : Above mentioned salaries are median salaries and may vary depending on individual's experience, skills and job location. 

Select your plan


What you'll get?

- 250 hours of interactive online training

- Study material
- Quiz
zes & podcasts

- Video tutorials for key topics

- Training by industry experts

- Mock tests

- Dedicated WhatsApp group for discussion