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Prepare for the FRM® Part II Exam
Studying for the Part II Exam Is Crucial, and It Takes a Substantial Effort.
There are no shortcuts. The one thing standing between you and success on the FRM Exam Part II is hard work. GARP reports that, on average, FRM candidates spend approximately 240 hours preparing for the exam. Schweser’s Prepare, Practice, Perform® methodology gives you the structure you need to get the most of the time you spend preparing.
Previous Knowledge
Anyone can register to take the exam. FRM certification is awarded after a candidate has passed two rigorous multiple-choice exams (FRM Exam Part I and Part II) and demonstrated two years of relevant work experience. Candidates must take the FRM Exam Part I before taking Part II. Certified FRMs are strongly encouraged to earn 40 hours of Continuing Professional Development (CPD) every two years to maintain the latest best practices in risk management.
Important FRM Exam Dates
Find out when you need to register to sit for your FRM Exam Part II.
August 2025
Part II Exam Dates
August 8–9, 2025
Registration and Scheduling Windows Open
March 1, 2024
Early Registration Deadline
April 30, 2025
Registration Closes
June 30, 2025
Register for Exam
November 2025
Part II Exam Dates
November 15–19, 2025
Registration and Scheduling Windows Open
May 1, 2025
Early Registration Deadline
July 31, 2025
Registration Closes
September 30, 2025
Register for Exam
FRM Part II Exam Details
Body of Knowledge
The FRM Exam Part II focuses on the tools used to assess financial risk:
Market Risk Measurement and Management
Credit Risk Measurement and Management
Operational Risk and Resilience
Liquidity and Treasury Risk Measurement and Management
Risk Management and Investment Management
Current Issues in Financial Markets
Per the Global Association of Risk Professionals® (GARP®), candidates should understand that the level of mathematical difficulty of the FRM Exam is similar to that found in advanced undergraduate or introductory graduate-level finance courses at most universities. Additionally, while the exam is designed to be conceptual, candidates will still be required to know important formulas and calculations, as well as how to apply them correctly. Please note that formula sheets are not provided with the exam
Master these concepts with a comprehensive Part II study package.
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