The FRM level 1 examination fee is $65,438+0,000-65,438+0,200, including registration fee, examination fee, venue fee and data management fee.
The registration fee, venue fee and data management fee are fixed: registration fee is 400 USD, venue fee is 40 USD, and data management fee is 10 USD. The examination fee is divided into two prices:
The early bird price is 550 USD, and the first FRM registration is 400 USD+550+40+10 =1000;
The standard price is $750, and the first FRM registration is $400 +750+40+ 10= 1200.
FRM level 1 exam content
In 2023, the contents of FRM Level 1 exam mainly include the following four courses, namely: risk management foundation, quantitative analysis, valuation and risk model, financial market and products. Among them, the first two subjects mainly need everyone to understand, remember and recite the content, while the latter two subjects are relatively flexible, which requires everyone to combine the course content and apply what they have learned in the process of doing problems at ordinary times.
Generally speaking, the difficulty of FRM level 1 exam is still relatively high. In the process of preparing for the Level 1 exam, everyone should be patient, keep a persistent learning state, and prepare for the FRM exam with a positive and good attitude.
Does FRM require English mathematics?
GARP's official explanation of mathematics and English is as follows:
Candidates should know that FRM candidates only provide English test papers, especially American English. GARP knows that not every candidate's mother tongue is American English. In the process of writing the test paper, GARP will make every effort to ensure that the questions are clear and concise, and avoid using common sayings or other terms and phrases that may confuse non-American English users.
Another consideration for potential candidates is the number of FRM exams.
The mathematics difficulty level of the exam is consistent with the advanced undergraduate or entry-level graduate financial courses in most universities.
It should also be noted that although the FRM exam is conceptual in nature, you still need to know important formulas and calculations and how to apply them correctly.
How to prepare for frm Level 1 exam?
1, the first two courses
In fact, the basis of risk management can generally be passed by careful review, while the quantitative relationship mainly focuses on practice and understanding, which is not difficult for most candidates. You can ask the teacher directly if you have any questions.
2. The last two courses.
The key is to understand and remember and form your own ideas. For example, the duration of bonds is equivalent to the Delta of options, and the convergence of bonds is equivalent to Gamma. You must push it away in your own way, which can not only reduce the convexity of memory, but also deepen memory. There is also the valuation of various financial derivatives, or you need to establish your own knowledge system, list all the contents and sort them out clearly.
3. Appropriate combination of information
Reading textbooks all the time may not pass the exam. You can watch some videos and online classes to see how the teacher summed it up and why the teacher explained it like this, and communicate with teachers and candidates more. These are all good FRM level 1 review methods.
4. Use for questions
Four hours 100 questions need high speed. In fact, there are still few good FRM questions at present, which can be used as a question bank for questions and associations. Some exercises at the back of the textbook can be omitted, because the difficulty is much lower than the FRM exam. And every question should be solved and the meaning of the question should be known. Try to choose topics in recent years, too long an outline may be different.