Validates knowledge of financial risk measurement and management across market, credit, operational and liquidity risk, using quantitative methods.
FRM is two exams on risk theory and quantitative methods, so a good course teaches probability, valuation and risk models and gives you many problems to solve. We compared GARP's curriculum and three commercial packages on format, practice and price.
Most people should start with GARP's official curriculum, since the exam tests it directly and Part I is included with registration. Add AnalystPrep for video and a large question bank, Schweser for condensed notes, or Bionic Turtle for worked quantitative problems and forum help.
| Course | Best for | Format | Price |
|---|---|---|---|
 FRM Part I Learn + Practice | Video with a question bank | Video | $499 |
 FRM Part I study packages | Condensed notes | Interactive | $499 |
 Basic - FRM Part I | Quantitative practice | Video | $399 |
GARP's official digital curriculum with readings, study tools and practice questions for your registered part. The curriculum is updated each year, and the exam tests it directly.
Great fit if you want to use the issuer's curriculum directly
Poor fit if you want video lessons or a large question bank; add AnalystPrep
Video lessons and study notes with a question bank, computer-based mock exams and performance tracking. The both-part lifetime package covers Part II too.
Great fit if you want a full course with a question bank
Poor fit if you want help with quantitative problems from a forum; choose Bionic Turtle
Kaplan Schweser's condensed study notes, instruction and question practice, packaged by exam part. Essential costs $499 and Premium $899. It gives you a set study sequence to follow instead of working through the full curriculum alone.
Great fit if you prefer concise notes and a packaged study sequence
Poor fit if you want the lowest price; use GARP Learning with a question bank
Instructional videos, daily questions, learning spreadsheets and a 24/7 forum with personal support. Bionic Turtle sells Part I and Part II as separate packages.
Great fit if you want to work through quantitative problems and ask questions on a forum, or you are preparing for Part II
Poor fit if you want a single package that bundles notes and a large mock bank for both parts; choose AnalystPrep
For most people, GARP's official curriculum plus one commercial package. AnalystPrep suits learners who want video and a large question bank.
Yes. The exam tests GARP's readings directly, and Part I GARP Learning is included with registration. Most candidates add a question bank for practice.
Plan for about 240 hours of preparation per part. Courses for Part I and Part II are sold separately.
Yes. Providers sell each part as its own package, though AnalystPrep offers a lifetime package for both parts at $799.