FRM Exam Dates and Windows
Three chances a year, both parts in every window. The dates matter less than the two 4-year clocks they start.
The FRM exam runs three times a year, in windows falling in early May, mid-August and mid-November. Both Part I and Part II are offered in every window, so a candidate never waits more than about four months for the next opportunity to sit either paper.
GARP publishes the exact dates for each cycle; what stays constant is the cadence, and the two deadlines that cadence feeds: Part II within 4 years of passing Part I, and work experience submitted within 4 years of passing Part II.
The Three Annual Windows
May window
Timing
Early May
Papers offered
Part I and Part II
August window
Timing
Mid-August
Papers offered
Part I and Part II
November window
Timing
Mid-November
Papers offered
Part I and Part II
| Window | Timing | Papers offered |
|---|---|---|
| May window | Early May | Part I and Part II |
| August window | Mid-August | Part I and Part II |
| November window | Mid-November | Part I and Part II |
Picking a Window That Fits Your Preparation
Three windows a year changes how you should think about readiness. With a once-a-year exam, deferring costs twelve months and candidates sit half-prepared rather than lose a year. With FRM's four-month gaps, the honest move when preparation slips is usually to take the next window rather than gamble a full exam fee on a rushed sitting.
The spacing also enables the fastest realistic path through the program: pass Part I in one window and Part II in a later one the same year or the next, then let the work-experience clock finish the job.
Know where you stand before you pick a window.
Deadlines Hanging Off Your Exam Dates
- check_circlePart I must be passed before you can sit Part II.
- check_circlePart II must be passed within 4 years of passing Part I.
- check_circleWork experience must be submitted within 4 years of passing Part II.
- check_circleEarly registration closes well before each window and costs around US$200 less per part than standard registration.
Confirm the Exact Dates with GARP
Exact exam dates, registration deadlines and window details are set by GARP for each cycle and can shift year to year. Check garp.org for the current calendar before booking anything around an assumed date.
FAQs
How many times a year is the FRM exam held?expand_more
Three times a year, in windows falling in early May, mid-August and mid-November. Both Part I and Part II are offered in each window.
Can I take FRM Part II in the window right after Part I?expand_more
Part I must be passed first, and Part II must be passed within 4 years of passing Part I. Subject to results timing and registration deadlines, candidates plan Part II for a following window; confirm the current cycle's dates on garp.org.
What happens if I miss the 4-year window for Part II?expand_more
Part II must be passed within 4 years of passing Part I. Confirm the current policy and any re-enrolment mechanics directly with GARP before assuming a lapsed timeline can be extended.
Next steps
- Eligibility & Registrationarrow_forward
- Feesarrow_forward
- Preparationarrow_forward
- FRM Guidearrow_forward
Free study material and a free diagnostic test.