Structure
FRM Part 2 consists of 80 equally weighted questions which are mandatory and multiple choice. You have four hours to complete the exam. FRM Part 2 is a computer-based exam and is tested in May and November 1-week exam windows.
Entry requirements
You’ll need to pass FRM Part 1 before your Part 2 paper will be marked.
Syllabus
Below is a syllabus overview detailing topics and their approximate exam weighting. For more information, please visit the GARP website.
Part 2 |
Approximate exam weight |
Market Risk |
20% |
Credit Risk |
20% |
Operational Risk and Resiliency |
20% |
Liquidity and Treasury Risk Management |
15% |
Risk Management for Investment Management |
15% |
Current Issues |
10% |
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.
Get a free 7-day trial of our FRM course chevron_right
Study packages available for this qualification
Study package comparison tableexpand_more
Features |
Blended |
Distance Learning |
Schweser OnDemand Tuition |
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Classroom Revision |
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Schweser OnDemand Revision |
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Core Study Materials |
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Pass Protection |
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All of our packages include the following study materials to help you pass and progress.
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Online Portal
Strategically placed weekly tasks.
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SchweserNotes™
Condensed study notes.
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SchweserPro™ QBank
Practice questions online.
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Checkpoint Exams
2 exams with practice questions.
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Online Mocks
2 full-length exam simulators.
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Schweser's Secret Sauce®
Insights and exam tips.
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QuickSheet
Summary of formulas, definitions, and concepts.
Package combining OnDemand tuition and classroom revision study options with Kaplan Schweser study materials.
£1,679.00
(£1,495.00 excl. VAT)
Buy now
- 15 OnDemand classes with intensive tuition and course slides
- Access to module quizzes, problem solving techniques and sample exam questions.
- Get exam confident with a three day classroom revision course using MindMaps and Q&A Books
- You’ll have access to hundreds of exam standard questions
- With Schweser's Secret Sauce®, you'll get lots of exam tips on how to prepare and apply your knowledge on exam day.
The FRM exams can be tough, but if you don’t pass, everything’s not lost. With Kaplan’s Pass Protection (PDF) you can attend our revision course for free until you pass your exam, and you may be eligible to receive the same material package for the next exam sitting for free. T&C’s apply.
We also offer a range of optional extras to assist you in preparing for your exam, these range from online mock exams, 1-2-1 tutor sessions, and the official calculator. These are the only items that would add cost to your package but they are great value for money.
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laptop
Distance Learning
Study at your own pace with OnDemand tuition and OnDemand revision classes. This package offers maximum flexibility for independent study and comes with integrated Kaplan Schweser study materials.
local_offer 20% off
£624.00
This product's previous price was £780
VAT not applicable
Buy now
- 15 OnDemand classes with intensive tuition and course slides
- Access to module quizzes, problem solving techniques and sample exam questions.
- Get exam confident with 8 hours of OnDemand revision
- Access to hundreds of exam standard questions
- With Schweser's Secret Sauce®, you'll get lots of exam tips on how to prepare and apply your knowledge on exam day.
The FRM exams can be tough, but if you don’t pass, everything’s not lost. With Kaplan’s Pass Protection (PDF) you may be eligible to receive the same material package for the next exam sitting for free. T&C’s apply.
We also offer a range of optional extras to assist you in preparing for your exam, these range from online mock exams, 1-2-1 tutor sessions, and the official calculator. These are the only items that would add cost to your package but they are great value for money.
Or you can choose a revision classroom course without the supporting Kaplan Schweser study materials.
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Classroom Revision only
Classroom revision without the Kaplan Schweser study materials.
£1,104.00
(£920.00 excl. VAT)
Buy now
Timetables - Classroom and Live Online
OnDemand tuition classes take place over 15 sessions. Classroom revision courses take place over 3 days (from 9-5pm).
date_rangeView timetable
location_on Classroom location
We have classes in London:
London Bridge training centre: 179-191 Borough High Street, London Bridge, London, SE1 1HR
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:
Optional
Schweser Mock Exam 3 and 4
The Online Schweser Mock Exam is as close as you can get to the actual FRM exam in format, difficulty, and length. The Mock Exam helps develop your test-taking skills, identify your weak areas, and demonstrate your mastery of the FRM curriculum. Afterward, view answer explanations, check your score compared to those of other candidates, and drill deeper into each question with our Mock Exam Tutorial.
from £65.00 per exam
(VAT not applicable)
Optional
1-2-1 tutor sessions
A one hour 1-2-1 meeting with your tutor, either at our training location or online, within the last two weeks leading up to your exam. You can get your final questions answered before the exam day.
£120.00
(£100.00 excl. VAT)
Optional
Calculator (BA II Plus Pro)
There are only certain business calculators authorised for use during your exam. We recommend the Texas Instruments BA II Plus Professional.
£81.00
Including UK delivery
(£67.50 excl. VAT)
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?
Your preparation time will vary significantly based on your experience and background but, on average, GARP reports that candidates spend about 275 hours studying for each Part, and that some candidates study up to 400 hours. You’ll also need to demonstrate two years of relevant work experience to complete your certification.
What are pass rates like?
Passing Part 2 takes the same level of commitment as Part 1. GARP reported the August/November pass rate as 51%.
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:
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Getting Started Guide
Explains how to use the resources effectively to maximise your chance of passing the exam.
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Schweser Online Study Portal
Includes dashboard with activity feed and performance metrics
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SchweserNotes™
Clear, concise study notes and examples that cover every learning outcome statement (downloadable as eBooks as well as in print).
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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.
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OnDemand Tuition Slides
A copy of the OnDemand Tuition slides to help with your OnDemand sessions.
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Quicksheet
A compact study tool summarising key formulae, definitions and concepts (downloadable as an eBook as well as in print).
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Resource Library
A collection of online reference videos to prepare you for your studies.
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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.
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SchweserPro™ QBank
Hundreds of practice questions to work through online and build custom exams.
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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.
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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.
Get a free 7-day trial of our FRM course chevron_right
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.
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:
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).
Package |
Price (excl. VAT) |
Price (incl. VAT) |
Blended |
£1,495 |
£1,679 |
Distance Learning |
£624 £780 (VAT not applicable) |
Revision only |
£920 |
£1,104 |
Funding options
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.
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.
picture_as_pdfDownload enrolment form