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Financial Risk Manager

FRM is a globally recognised and respected qualification, and studying it will boost your credibility in the eyes of current and prospective employers and clients.

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About FRM

The FRM (Financial Risk Manager) qualification is about effective risk measurement and management, essential to the success and survival of businesses such as banks, asset management, insurance, consulting companies and hedge funds. FRM is ideal if you work in or are looking to work in risk management.

If you're a financial risk professional or work with risk in a related field like auditing, trading or portfolio management, FRM can distinguish you from other finance professionals, and shows that you can add value to an organisation. There are no entry requirements to study FRM, but to certify, you must have at least two years of relevant work experience.

FRM is made up of two parts

You'll gain the knowledge to use the tools used to assess financial risk, including quantitative analysis, fundamental risk management concepts, financial markets and products, and valuation and risk models.

Find out more about FRM Part 1

As global markets and market instruments have developed, it's vital that those working in risk management understand market risk, credit risk, liquidity risk and operational risk. You'll expand your knowledge and understanding of the latest financial risk concepts and market developments.

Upon completion of the FRM programme, you'll join a group of global risk professionals who have demonstrated knowledge in a wide range of risk topics. You'll be able to work in many fields after completing the qualification, with jobs such as: analytics client consultant, risk management analytics consultant, risk quantification advisor, market risk specialist, credit risk specialist, commercial risk manager, head of operational risk, and chief risk officer.

Some of the top finance and non-finance companies in the world that employ financial risk managers include: ICBC, Bank of China, Samsung, HSBC, PwC, Deutsche Bank, and Citigroup.

Find out more about FRM Part 2
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2 yrs

average time to complete


certified FRMs practicing world-wide


hours of study per part

Why study FRM with Kaplan?

When studying with us, you'll be taught by our tutors who are subject specialists. You'll also have access to comprehensive faculty support for when you need it.

  • Kaplan Schweser Community

    Engage with our experts and other candidates throughout your studies.
  • Pass protection assurance

    We know the exams are tough but we're here to help you every step of the way. Should you need a second chance we'll put you back on track with our pass protection.
  • Payment plans

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  • Unrivalled study materials

    Stay motivated and on track with our comprehensive Schweser study materials, online portal and thousands of unique practice questions.

Don't just take our word for it

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"The course material is well structured and gets to the point. The weekly online courses with my tutor provided a very personal atmosphere with direct feedback and very supportive dynamics in an international group."

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"I was offered the right combination of high quality materials, excellent lecture videos and support. The interactive tool also allowed me to keep on track of my studies. I would definitely recommend the course."

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"I would recommend Kaplan because they break down an overwhelming amount of topics into manageable parts. The interactive set up of the online classes enabled me to use Kaplan tailored to my needs. So by exam day, I felt well prepared, calm and focused."

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FRM courses

FRM Part 1

Full level (all subjects):

£780 (Inc. VAT where applicable)

FRM Part 2

Full level (all subjects):

£780 (Inc. VAT where applicable)

GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Kaplan Financial of GARP Exam related information, nor does it endorse any pass rates that may be claimed by Kaplan Financial. Further, GARP is not responsible for any fees or costs paid by the user to Kaplan Financial nor is GARP responsible for any fees or costs of any person or entity providing any services to Kaplan Financial. SCR®, FRM®, GARP® and Global Association of Risk Professionals®, in standard character and/or stylized form, are trademarks owned by the Global Association of Risk Professionals, Inc.