What To Expect On FRM Exam Day

What To Expect On FRM Exam Day

The FRM Exam is not computer-based. They are administered in person with pencil and paper and must be taken in a designated FRM Exam testing centers.

GARP administers its exams in approximately 90 locations in more than 50 countries. For the most up-to-date listing of exam sites, be sure to visit the GARP website.

Both the FRM Exam Part I and Part II are conducted twice a year on the third Saturdays of May and November. Both parts can be taken on the same day, though few candidates choose to do this.

Deferred Examinations

A candidate can defer his or her exam only once and at the nonrefundable cost of $100. A deferral must be submitted by the last day of registration.

ID Requirements

GARP requires that you present a current, original, and valid government-issued passport or driver’s license (must be for the country in which you are taking the exam) for entrance to the FRM Exam. The name on your admission ticket must match exactly your ID. Your ID must include a photograph of you.

Admission Tickets

A PRINTED admission ticket is required for entry to the exam. Copies or electronic versions will not be accepted. There are no exceptions to this rule.

Permitted Calculators

Only the following types of business calculators are authorized for use during the FRM Exam:

There are no exceptions to this policy. Should a candidate use a non-authorized calculator at any time during the Exam, his or her answer sheets will not be graded.

Exam Day Violations

GARP reviews all exam violations reported by proctors.  Violations that can result in your FRM Exam not being graded include (but are not limited to):  

Exam Start Times

The doors to the testing center will close promptly at 7:45 a.m. for Part I and 1:45 p.m. for Part II. They will not be opened for later arrivals. Some countries and testing centers may have a different start times, so be sure to check your admission ticket.

Typical Exam Day Schedule

FRM Exam Part I Session
7:00 a.m. Check in begins
7:45 a.m. Doors close
7:46 a.m. Exam is distributed and instructions read
8:00 a.m. Exam begins
9:00 a.m. 3 hours remaining announcement
10:00 a.m. 2 hours remaining announcement
11:00 a.m. 1 hour remaining announcement
11:30 a.m. 30 minutes remaining announcement
11:55 a.m. 5 minutes remaining announcement
12:00 p.m. Exam ends and materials are collected
FRM Exam Part II Session
1:00 p.m. Check in begins
1:45 p.m. Doors close
1:46 p.m. Exam is distributed and instructions read
2:00 p.m. Exam begins
3:00 p.m. 3 hours remaining announcement
4:00 p.m. 2 hours remaining announcement
5:00 p.m. 1 hour remaining announcement
5:30 p.m. 30 minutes remaining announcement
5:55 p.m. 5 minutes remaining announcement
6:00 p.m. Exam ends and materials are collected