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FRM Eligibility Checker: When Can You Take the FRM Exam?

Tell us where you are and which part you are planning to see your earliest FRM® window, what GARP charges and a dated timeline to the FRM title, shown after a short form.

Check your FRM® eligibility

Three quick questions. We use GARP's published rules and booking dates, checked in October 2026.

1. Where are you today?
2. Which part are you planning?

Updated 10 October 2026 · Rules checked in October 2026 against GARP's exam policies

Quick answer: Anyone can take the FRM® exam. FRM stands for Financial Risk Manager. GARP, the Global Association of Risk Professionals that runs it, sets no degree, age or work requirement to register for Part I. The catch comes at the end. To earn the FRM title, you must pass Part I and Part II, then show two years of full-time, risk-related work.

The checker above gives your earliest exam window, what GARP charges, your Part II deadline and a dated path to the FRM title.

Who is eligible for the FRM exam?

Everyone. GARP has no educational or professional prerequisites to register. A college student, a fresh graduate, an engineer and a banker all register the same way. What differs is when you can call yourself an FRM. That needs both exams passed and two years of full-time, relevant work. Think of a driving licence: anyone can take the test, but the full licence comes after your hours on the road.

You are…Can you register for Part I?When can you earn the FRM title?
A college studentYesAfter both parts and two years of full-time work after college
A fresh graduateYesAfter both parts and two years of full-time, relevant work
Working in risk, credit, treasury or auditYesYour current job may already count; GARP decides
Working in an unrelated fieldYesOnce you have two years in a relevant role

In plain words: the exam is open to all; only the title needs work experience.

When can you take the FRM exam?

GARP runs three exam windows a year: May, August and November. You sit the exam on a computer at a PSI test centre. PSI is the test-centre company GARP uses. In mainland China, Hong Kong SAR (Special Administrative Region) and Thailand, GARP uses ATA, another test-centre company, instead. Each window has an early booking period and a standard one, and the early fee is lower. Once the standard period closes, you wait for the next window.

FRM windows you can still book as of 10 Oct 2026 (GARP data checked October 2026)
Window and exam datesEarly bookingStandard booking
May 2027
Dates to be announced
1 Dec 2026 – 31 Jan 20271 Feb 2027 – 31 Mar 2027
August 2027
Dates to be announced
Not published yetNot published yet
November 2027
Dates to be announced
Not published yetNot published yet

Right now, the next window open for booking will be May 2027; early booking opens 1 Dec 2026.

For the live calendar and exam days, see FRM exam dates.

How much does it cost to register for FRM?

You pay a one-time enrollment fee of USD 400 with your first Part I booking. Each part then costs USD 600 at the early fee or USD 800 at the standard fee. GARP adds tax such as GST (India's goods and services tax) at checkout, and there is no late tier. These fees were checked in October 2026.

Worked example (illustrative): Part I at the early fee costs USD 400 + USD 600 = USD 1,000. That is about ₹96,615 at the FBIL reference rate USD 1 = ₹96.61 on 9 Oct 2026. FBIL (Financial Benchmarks India) publishes India's official reference exchange rates. Your bank adds its own markup. For retakes, books and coaching, use the FRM fee calculator.

Can you take FRM Part I and Part II together?

Yes. You can book both parts in the same window, and only the August window lets you take both on the same day. But you cannot sit Part II in a later window before you have taken and passed Part I. If you book Part II for a later window and then fail or miss Part I, GARP switches that booking to Part I.

Taking both together saves time but doubles the study load. You can also sit Part I first and book Part II for a later window.

How much work experience do you need for the FRM certification?

Two years of full-time, professional work in financial risk management or a closely related field. Internships, part-time jobs and work done while you were still studying do not count. The work can come before or after the exams, but it cannot be older than 10 years before you pass Part II. You then have 10 years after passing Part II to submit it.

GARP looks for full-time work where identifying, measuring, monitoring or managing risk is a meaningful part of the job. Its FAQ names areas such as risk analysis, model validation, trading, portfolio management, treasury, audit and consulting, and GARP judges each case. The 10-year submission window has applied since 1 May 2025.

How long do you have to pass FRM Part II?

Until 31 December of the fourth year after you pass Part I. So if you pass Part I in May 2027, you must pass Part II by 31 December 2031. Think of it as a four-year ticket that runs out at the end of a calendar year. Plan Part II within a year or two of Part I, while the material is fresh.

You pass Part I inPass Part II by
202631 December 2030
202731 December 2031
202831 December 2032

You get the rest of your Part I year plus four full calendar years.

What does an FRM timeline look like for a student in India?

Here is one illustrative path. You are in the final year of a B.Com and sit Part I in May 2027. You join a bank's credit risk team in July 2027 and sit Part II in November 2027. Your two years of full-time work finish in July 2029. That is the earliest you could apply for the FRM title, after GARP reviews your experience.

Your own dates will differ. Enter them above to get a timeline you can save as a PDF or add to your calendar.

Official sources (checked October 2026)

Frequently asked questions

Is there any eligibility criteria for the FRM exam?

No formal ones. GARP sets no degree, age or work requirement to register for FRM Part I. Work experience matters only for the FRM title: two years of full-time, relevant work, submitted within 10 years of passing Part II.

Can I take the FRM exam while I am still in college?

Yes. There is no minimum qualification, so a college student can register for Part I. But work done while you are still studying does not count towards the two years, so that clock starts after college.

How many years of work experience do I need for FRM?

Two years of full-time work in financial risk management or a closely related field. Internships and part-time jobs do not count. The work can come before or after the exams, but not more than 10 years before you pass Part II.

Can I take FRM Part I and Part II in the same window?

Yes. GARP lets you book both parts in one window, and only the August window allows both on the same day. You cannot sit Part II in a later window before you have taken and passed Part I.

How long do I have to pass FRM Part II?

Until 31 December of the fourth year after you pass Part I. For example, if you pass Part I in May 2027, you must pass Part II by 31 December 2031.

Do CA or CFA® holders get exemptions in FRM?

No. GARP grants no exemptions for other qualifications. Every candidate must pass both Part I and Part II.

Who decides if my work experience counts?

GARP does. It reviews each work-experience submission against its rules. This checker is guidance based on GARP's published rules, checked in October 2026.

Related free tools and guides

Guidance only. GARP decides eligibility and reviews every work-experience submission, so confirm on garp.org before you pay. GARP does not endorse, promote, review, or warrant the accuracy of the products or services offered by QuintEdge of FRM® related information, nor does it endorse any pass rates claimed by the provider. Further, GARP is not responsible for any fees or costs paid by the user to QuintEdge nor is GARP responsible for any fees or costs of any person or entity providing any services to QuintEdge. FRM®, GARP®, and Global Association of Risk Professionals™ are trademarks owned by the Global Association of Risk Professionals, Inc. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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