Free tool · eligibility check
See your earliest FRM® window, GARP’s fees and a dated path to the FRM title.
The short version
Quick answer: Anyone can take the FRM® (Financial Risk Manager) exam. GARP, the Global Association of Risk Professionals, sets no degree, age or work rule for Part I. The FRM title needs both parts plus two years of full-time, risk-related work.
Guide
Every rule, in plain words
Everyone. GARP has no educational or professional prerequisites to register. What differs is when you can call yourself an FRM. Think of a driving licence. Anyone can take the test, but the full licence comes after hours on the road.
| You are… | Part I? | When can you earn the FRM title? |
|---|---|---|
| A college student | Yes | After both parts and two years of full-time work after college |
| A fresh graduate | Yes | After both parts and two years of full-time, relevant work |
| Working in risk, credit, treasury or audit | Yes | Your current job may already count; GARP decides |
| Working in an unrelated field | Yes | Once you have two years in a relevant role |
In short: the exam is open to all; only the title needs work experience.
GARP runs three exam windows a year: May, August and November. You sit the exam on a computer at a PSI test centre, the company GARP uses. In mainland China, Hong Kong SAR (Special Administrative Region) and Thailand, GARP uses ATA, another test-centre company. The early booking period costs less than the standard one.
| Window | Early booking | Standard booking |
|---|---|---|
| May 2027 Part I 8–13 May 2027; Part II 15–17 May 2027 | 1 Dec 2026 – 31 Jan 2027 | 1 Feb 2027 – 31 Mar 2027 |
| August 2027 Part I 13–14 Aug 2027; Part II 13–14 Aug 2027 | 1 Mar 2027 – 30 Apr 2027 | 1 May 2027 – 30 Jun 2027 |
| November 2027 Part I 13–18 Nov 2027; Part II 20–22 Nov 2027 | 1 May 2027 – 31 Jul 2027 | 1 Aug 2027 – 29 Oct 2027 |
Right now, the next window open for booking will be May 2027; early booking opens 1 Dec 2026. Live calendar: FRM exam dates.
You pay a one-time enrollment fee of USD 400 with your first Part I booking. Each part then costs USD 600 early or USD 800 standard. There is no late tier. GARP adds tax such as GST (India’s goods and services tax) at checkout.
Example (illustrative): Part I at the early fee costs USD 400 + USD 600 = USD 1,000. That is about ₹94,945, illustrative, at the ECB reference rate, crossed via EUR, USD 1 = ₹94.95 on 23 Oct 2026. The ECB (European Central Bank) publishes daily euro reference rates; crossed via EUR means we convert through the euro to get the rupee rate. Your bank adds a markup. Live dates: FRM exam dates.
Yes. You can book both parts in the same window. 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. Say you book Part II for a later window, then fail or miss Part I. GARP switches that booking to Part I.
Two years of full-time, professional work in financial risk management or a closely related field. Internships, part-time jobs and work done while studying do not count. The work can come before or after the exams. 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 jobs where identifying, measuring, monitoring or managing risk is a meaningful part of the work. Its FAQ names risk analysis, model validation, trading, portfolio management, treasury, audit and consulting. GARP judges each case. The 10-year submission window has applied since 1 May 2025.
Until 31 December of the fourth year after you pass Part I. Plan Part II within a year or two of Part I, while the material is fresh.
| You pass Part I in | Pass Part II by |
|---|---|
| 2026 | 31 December 2030 |
| 2027 | 31 December 2031 |
| 2028 | 31 December 2032 |
In short: you get the rest of your Part I year plus four full calendar years.
The checker reads GARP’s published booking dates and finds the earliest window you can still book. It adds GARP’s fees for your plan and your Part II deadline. From your job start month, it counts two years to your earliest FRM title.
Example (illustrative): a final-year B.Com student sits Part I in May 2027. They join a bank’s credit risk team in July 2027 and sit Part II in November 2027. Their two years finish in July 2029, the earliest they could apply for the title, after GARP reviews it.
FAQs
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. You need two years of full-time, relevant work, submitted within 10 years of passing Part II.
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.
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.
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.
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.
No. GARP grants no exemptions for other qualifications. Every candidate must pass both Part I and Part II.
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.
Guidance only; 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.
