In the short period of more than ten years in China, the number of candidates for FRM is increasing gradually every year, but the country and enterprises are short of risk management talents. However, the FRM exam is not so easy to pass, and even some candidates will find it more difficult.

Pass rate of FRM exam

The FRM exam is held twice a year. You can apply for the exam once or step by step, and each exam lasts for 4 hours.

Official website, FRM Association, suggested that the preparation time for each level of candidates should be more than 240 hours. Judging from the preparation time, it is basically of medium difficulty.

If you want to see the difficulty of FRM exam clearly, the passing rate of FRM exam over the years is more intuitive.

According to GARP official website: May 20 18, the passing rate of the example: FRMPart I: 40.6% | FRMPart II: 53.3%.

The following is the passing rate of the FRM exam summarized by JC FRM Bian Xiao in recent years:

May 20 18: the passing rate of FRM level 1 examination: 40.6%; The passing rate of FRM level 2 examination: 53.3%;

20 17 1 1 month: the passing rate of FRM level 1 examination: 42.0%; The passing rate of FRM level 2 examination: 52.0%;

May 20 17: the passing rate of FRM level 1 examination: 42.0%; The passing rate of FRM level 2 examination: 54.0%;

20 16 1 1 month: the passing rate of FRM level 1 examination: 44.8%; The passing rate of FRM level 2 examination: 54.3%;

May 20 16: the passing rate of FRM level 1 examination: 44.5%; The passing rate of FRM level 2 examination: 50.1%;

20 15 1 1 month: the passing rate of FRM level 1 examination: 49.2%; The passing rate of FRM level 2 examination: 69.1%;

2065438+May 2005: The passing rate of FRM Level 1 examination: 42.9%; The passing rate of FRM level 2 examination: 58.7%;

20 14 1 1 month: the passing rate of FRM level 1 examination: 48.8%; The passing rate of FRM level 2 examination: 58.7%;

20 14 may: the passing rate of FRM level 1 examination: 42.5%; The passing rate of FRM level 2 examination: 58.1%;

As can be seen from the above data, the pass rate of FRM Level 1 exam is low, while the pass rate of Level 2 exam is relatively high. But in fact, candidates generally think that level 1 is simpler than level 2. The main reason for this phenomenon is the adoption standard of FRM:

Take the top 5% of FRM financial risk managers with good test scores, take the average number of questions they answered correctly, and then multiply it by a percentage (maybe 60% or 70% to control the passing rate) to get a number of questions. If you answer more questions correctly than this number, you will pass.