FRM^® Part 1

Study packages

Our study packages have been designed to maximise your time and help you pass your exam. Whichever study package you choose, you’ll receive high quality resources and continuous support right up to your exam.

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Study packages available for this qualification

Study package comparison tableexpand_more

Or you can choose a revision classroom course without the supporting Kaplan Schweser study materials.

Timetables - Classroom and Live Online

OnDemand tuition classes take place over 15 sessions. Classroom revision courses take place over 3 days (from 9-5pm).

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Optional extras

Although we have designed our packages to include key items to assist you in preparing for your exam, there are additional items that you may choose to purchase:

Inhouse training

Our public classroom courses run in central London. Like many of our courses, we can also offer these courses inhouse for your team or organisation. Please contact us on 020 7920 3060 or email us at citybookings@kaplan.co.uk to find out more about how we can help train your team.

Exams, sittings and resits

Exams

There are three exam sittings per year, in May, August and November. You'll need to make sure that you register with GARP® for exam entry. Exam results are either pass or fail, and you’ll receive your results within six weeks after the exam.

You are required to pass Part 2 within four years of passing Part 1.

How long does it take to pass?

On average, candidates spend approximately 240 hours preparing for Part 1, but individuals with limited prior experience of the Part 1 topics should expect to spend more hours mastering the syllabus. You’ll also need to demonstrate two years of relevant work experience to complete your certification.

What are pass rates like?

Passing Part 1 of the exam takes dedication and commitment. GARP reported the August/November 2023 pass rate as 47%.

What FRM resits are available

We do everything we can to help you pass your FRM exam first time. However, should you need a second chance, then don’t worry. With Pass Protection, there are lots of ways we can support you as you prepare for your exam resit. For further information, please refer to our pass protection policy (PDF).

You can access your resit support by filling in the resit enrolment form.

picture_as_pdfResit enrolment form

Study materials and delivery costs

Study materials

We offer a wealth of study materials to enhance your learning experience. These include hard copy books as well as online resources on Schweser’s study portal. View a full comparison of the study materials (PDF) included in each package.

Blended and Distance Learning packages come with core materials, including:

• Getting Started Guide

  Explains how to use the resources effectively to maximise your chance of passing the exam.

• Schweser Online Study Portal

  Includes dashboard with activity feed and performance metrics

• SchweserNotes^™

  Clear, concise study notes and examples that cover every learning outcome statement (downloadable as eBooks as well as in print).

• Schweser Secret Sauce

  This is a concise review of the curriculum which provides insights and exam tips on how to effectively prepare and apply your knowledge on exam day.

• OnDemand Tuition Slides

  A copy of the OnDemand Tuition slides to help with your OnDemand sessions.

• Quicksheet

  A compact study tool summarising key formulae, definitions and concepts (downloadable as an eBook as well as in print).

• Resource Library

  A collection of online reference videos to prepare you for your studies.

• Kaplan Schweser Community

  Access our community forum to engage with our experts and other CAIA candidates to post questions, find answers, and engage in meaningful discussions throughout your studies.

• SchweserPro^™ QBank

  Hundreds of practice questions to work through online and build custom exams.

• Schweser Checkpoint Exams

  Two key tests that you will be prompted to work through online during your studies. These mimic the difficulty and format of the actual exam. Performance reports then highlight your understanding and weak areas where more review is needed.

• Schweser Online Mock Exam 1 – 2

  Practice taking the computer-based test before exam day with the online Schweser mock exam. This realistic exam simulates the interface, format, difficulty, and length of the actual FRM exam.

Additional materials come with the Blended package:

• Classroom Revision Materials - MindMap and Q&A Book

Study Material availability

Study materials are normally made available in eBook format in January and hard copy materials follow after. Schweser releases study materials on a piecemeal basis as soon as they are available, so you may receive more than one release/delivery of eBooks/hard copy materials. Release dates can be subject to change depending on the size of the new curriculum changes.

Delivery costs

Materials are delivered to the address you provide us (and must be signed for on delivery). For detailed information on delivery prices please refer to our delivery page.

Online study portal

Kaplan Schweser’s online portal provides access to a wide variety of resources to help you prepare for your exams.

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Online Features

Depending on the study package you choose, features can include the following:

• View your online materials in one place and access your content in a few clicks
• Take the guesswork out of your study plan with strategically placed weekly tasks
• Track your performance against that of other candidates
• Complete tests and get instant feedback
• Access on mobile, tablet and computer

For more information on technical support available and minimum system requirements for Kaplan Schweser’s online portal, visit the Schweser portal technical support.

Access duration

Once study material is released, access is available up until your registered exam sitting.

Study materials are normally made available in January. Schweser releases study materials on a piecemeal basis as soon as they are available, so you may receive more than one release. Release dates can be subject to change depending on the size of the new curriculum changes.

Tutor support

We’ll support you every step of the way throughout your learning experience with us. You can contact a tutor and get the help you need within 48 working hours.

• Email: citybookings@kaplan.co.uk
• Phone: 020 7920 3060

We are open weekdays (excluding bank holidays) 9:00am to 5.30pm. In addition, our classroom tutors will provide you with their personal contact details.

Testing and mocks

Vital to passing your exam will be attempting as many questions and mocks as possible. Depending on your chosen package, you will gain:

• SchweserPro^™ QBank

  Access to hundreds of questions in the SchweserPro™ QBank. Adaptive and personalised technology has taken our world-renowned QBank study tool to the next level. Question difficulty adapts to a student's ability on a given topic, measuring their knowledge and keeping them motivated as they move through the content.

• Checkpoint exams

  Two Checkpoint Exams with questions that mimic the difficulty and format of the actual FRM Exam.

• Schweser Online Mock Exam (1 – 2)

  Practice taking the computer-based test before exam day with the online Schweser mock exam. This realistic exam simulates the interface, format, difficulty, and length of the actual FRM exam.

As well as the material included in your study package we also have another two additional Schweser mocks. These can be purchased with your study package or when you get closer to your revision stage.

Additional Schweser Online Mocks

You can now practice the computer-based test before your exam by using the Online Schweser Mock Exam. It’s a realistic exam that simulates the interface, format, difficulty, and length of the exam. It’ll help you develop your test-taking skills, identify your weak areas, and show you just how much you’ve learnt. After taking the mock exam, you can see how well you scored and compare your score to other candidates. You can review answer explanations and drill deeper into each question with the addition of our mock exam tutorial videos.

After the mock, many candidates also take the opportunity of a final 1-2-1 meeting with a tutor. You can find information about our mocks and 1-2-1s in our comparison table (PDF).

Course pricing and funding options

Pricing structure

Below are our study package prices. The only additional costs will be delivery and if you decide to purchase any optional extras.

You can find information about our packages and optional extras in our comparison table (PDF).

Funding options

Employer sponsoredchevron_right

Your employer may fund the costs of your studies if you’re already working in a related field and want to develop your learning. You’ll need to speak to them to see if you’re eligible and confirm that they’re happy to pay for your studies.

Payment planschevron_right

Our FRM packages are covered with our interest-free payment plan, providing the total cost is £500 minimum (including VAT). The plan lets you spread the cost of your studies over a period of up to 12 months, with no extra costs.

How to enrol

Enrol online, call us on 020 7920 3060 or enrol with a form which you can email to citybookings@kaplan.co.uk.

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