QuintEdge Research · full methodology on this page
Of the QuintEdge students who sat an FRM exam for the first time between May 2024 and May 2026, 86.2% passed on that first attempt — 144 of 167 first-attempt candidates across Part I and Part II, with every counted pass published on the FRM results wall (115 Part I, 29 Part II). This brief shows the cohort, GARP's official global rates, and the honest multiple.
The Cohort Behind the Number
| Windows covered | First-attempt candidates | Passes (all published) | Rate |
|---|---|---|---|
| May 2024 – May 2026 (7 windows) | 167 | 144 | 86.2% → "85%+" |
Counts are first attempts at a specific part — the same student can appear in both the Part I and Part II cohorts in different windows. The numerator is fully public on the results wall; unconfirmed outcomes are excluded from both sides. Full definitions and limitations: methodology below.
Official Global FRM Pass Rates
| Exam | Window | Global pass rate | Source |
|---|---|---|---|
| FRM Part I | Nov 2025 | 47% | GARP, FRM Program & Exams (accessed 4 Jul 2026) |
| FRM Part II | Nov 2025 | 50% |
GARP sets the pass/fail threshold after each administration rather than publishing a fixed passing score, so global rates move window to window — Part I has ranged roughly in the 40s–50s over the past decade. The FRM exam runs three windows a year (May, August, November) at PSI test centers; live dates and deadlines: FRM exam dates hub.
What the Multiple Means
Against GARP's Nov 2025 rates, QuintEdge's 86.2% is 1.83× Part I's 47% and 1.72× Part II's 50% — "about 1.7–1.8×" is the honest range. The site-wide "2× the global average" headline refers to the CFA Level 1 figure, not FRM; each certification's multiple is stated separately, from its own cohort.
Methodology
Definitions
| Component | Definition used in this brief |
|---|---|
| Numerator | Students who enrolled in QuintEdge's FRM course, sat Part I or Part II for the first time, and passed — each pass backed by an official score document and published on the results wall: 144 passes (115 Part I, 29 Part II). |
| Denominator | All QuintEdge-enrolled students who sat that part for the first time in the window — including those who failed: 167 candidates. Enrollees who did not appear, and outcomes that could not be confirmed, are excluded. |
| Measurement window | May 2024 – May 2026 (7 FRM windows) |
| Scope | FRM Parts I & II combined, counted per part — the same student can appear in both cohorts in different windows. The CFA Level 1 cohort is reported the same way in its own brief. |
How Outcomes Are Verified
Every counted pass is backed by a document. After each results release, students submit the official result email or score report issued by GARP to QuintEdge. A result is included in the numerator, and a student is listed on the public results wall, only after that evidence is on file. Self-reported outcomes without a score document are treated as unconfirmed and excluded.
Inclusion, Exclusion and Non-Response
- Included: every enrolled QuintEdge student who sat an FRM part for the first time within the window — passes and fails alike.
- Excluded: enrollees who did not appear (no attempt to measure); repeat attempts (tracked separately); free-resource users who never enrolled.
- Non-response: students whose result could not be confirmed with a score document are excluded from both numerator and denominator — only confirmed passes and confirmed fails enter the rate.
Limitations — Read the Comparison Fairly
- Self-selection: students who enroll in structured coaching are, on average, more committed than the full global candidate pool. Part of the gap over global averages reflects who enrolls, not only how they are taught — no coaching provider's rate is free of this effect.
- Non-response exclusion: excluding unconfirmed outcomes assumes confirmed and unconfirmed students pass at similar rates; if students who go quiet after an exam fail more often, the true rate would be somewhat lower than the confirmed-only rate.
- Windows don't align perfectly: QuintEdge's rate spans 7 exam windows, while each global comparator is window-specific — several recent global windows are shown rather than one cherry-picked comparison.
- Not independently audited: figures are QuintEdge's own records, published with this methodology and named results so they can be externally checked. Global comparators come from GARP.
How to Cite
QuintEdge reports an 86.2% first-attempt FRM pass rate across Parts I & II — 144 of 167 first-attempt candidates, May 2024–May 2026 — versus GARP's global 47–50% (Nov 2025).
Short form: "QuintEdge FRM students pass at 86.2% first attempt, roughly 1.8× the global rate (quintedge.com/research/frm-pass-rate)."
More from QuintEdge Research: CFA pass rate · ACCA pass rates · all reports
Frequently Asked Questions
QuintEdge's FRM first-attempt pass rate is 86.2% — 144 of 167 students who sat an FRM part for the first time between May 2024 and May 2026 passed. Every counted pass is listed on the FRM results wall (115 Part I, 29 Part II).
GARP's most recent published rates are 47% for Part I and 50% for Part II (Nov 2025), and Part I has ranged in the 40s–50s over the past decade. QuintEdge's 86.2% is roughly 1.7–1.8× those rates.
Three windows a year — May, August and November — at PSI test centers worldwide. Both parts are offered in every window. Current dates and registration deadlines are on the FRM exam dates hub.
On this page — see the methodology section for cohort definitions, the score-document verification workflow, inclusion and non-response rules, and limitations. The CFA Level 1 cohort is reported the same way in the CFA brief.