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2012 FRM® Exam

Preparation Handbook

The designation recognized by risk

management professionals worldwide

2012 Financial Risk Manager (FRM®) Exam Preparation Handbook

Suggested Study Strategies for the

On an annual basis, GARP’s FRM Commit-

FRM Examination

tee, comprised of leading risk management

professionals and academics, establishes

The purpose of this handbook is to assist

the topic areas to be tested in the FRM

Financial Risk Manager (FRM®) candidates

Examination. The topic areas so determined

in their preparation for the FRM Examina-

are then published in the FRM Study Guide.

tion by suggesting strategies for completing

More detailed Knowledge Points associated

the reading material outlined in the FRM

with these topic areas are contained in the

Study Guide and FRM AIM Statements

FRM AIM Statements, which are also pub-

documents, which together form the blue-

lished and made available to registered

print for exam topic coverage.

FRM candidates.

About the FRM Examination

Preparation for the Exam

The FRM Examination is a practice-oriented

The FRM Exam is a self-study program.

exam offered by GARP (the Global Associa-

In past exams, the typical successful FRM

tion of Risk Professionals) and designed to

candidate reports to have studied between

assess a candidate’s knowledge and under-

200–400 hours. The exact amount of time

stand-ing of the skills necessary to function

that is appropriate for any specific candi-

effectively as a financial risk manager.

date will, however, vary from candidate to

candidate depending on factors such as

GARP is governed by a Board of Trustees

work experience and knowledge base of

comprised of top risk professionals and

risk management and finance.

academics from around the world. As a

professional association with global mem-

Due to the sizeable amount of material

bership and an extensive professional...