Introduction
The Study Guide sets forth primary topics and subtopics covered in the FRM Exam. The topics were selected by the FRM Committee as ones that risk managers who work in practice today have to master. The topics and their respective weightings are reviewed yearly to ensure the FRM Exam is kept timely and relevant. The Study Guide also contains a full listing of all of the readings that are recommended as preparation for the FRM Exam.
FRM Examination Approach
The FRM Exam is a practice oriented examination. Its questions are derived from a combination of theory, as set forth in the readings, and "real-world" work experience. Candidates are expected to understand risk management concepts and approaches and how they would apply to a risk manager´s day-to-day activities.
Readings
Questions for the FRM Exam are related to and supported by the readings listed under each topic outline. These readings were selected by the FRM Committee to assist candidates in their review of the subjects covered by the Exam. It is strongly suggested that candidates review these readings in depth prior to sitting for the Exam.