FRM Exam Fees: What You Actually Pay
One enrolment fee, then a fee per part, all in US dollars. Registering early is the single biggest saving available.
FRM costs come in two layers: a one-time enrolment fee of about US$400 paid when you first register, plus a per-part exam fee of around US$600 if you register early or US$800 at the standard deadline. A first early registration for Part I therefore comes to roughly US$1,000, which is about ₹84,000 at prevailing exchange rates.
Because the fees are set in US dollars, the rupee cost moves with the exchange rate between the day you plan and the day you pay. Budget in dollars first, then convert.
FRM Fee Structure
Approximate figures; GARP publishes exact amounts for each cycle.
Enrolment fee
When paid
Once, with your first Part I registration
Approximate amount
About US$400
Part I exam fee (early)
When paid
Per registration
Approximate amount
Around US$600
Part I exam fee (standard)
When paid
Per registration
Approximate amount
Around US$800
Part II exam fee (early)
When paid
Per registration
Approximate amount
Around US$600
Part II exam fee (standard)
When paid
Per registration
Approximate amount
Around US$800
| Component | When paid | Approximate amount |
|---|---|---|
| Enrolment fee | Once, with your first Part I registration | About US$400 |
| Part I exam fee (early) | Per registration | Around US$600 |
| Part I exam fee (standard) | Per registration | Around US$800 |
| Part II exam fee (early) | Per registration | Around US$600 |
| Part II exam fee (standard) | Per registration | Around US$800 |
Why Early Registration Is the Biggest Saving
The gap between early and standard registration is around US$200 per part, roughly the price of study material. Across two parts, registering early twice keeps about US$400 in your pocket for zero extra effort. The catch is commitment: early registration means choosing your window months ahead, which only pays off if your study plan survives contact with your work schedule.
A candidate who passes both parts on early registrations spends roughly US$1,200 in exam fees (US$600 per part) plus the US$400 enrolment fee. Every retake adds that part's exam fee again, which is the honest financial argument for over-preparing rather than banking on a second attempt.
See the subject before you spend anything.
Fees Change Between Cycles
The figures above are approximate and GARP revises fees periodically. Treat them as planning numbers, and confirm the exact current amounts on garp.org before you pay.
Budgeting for the FRM
- checkPlan in US dollars, then convert; the rupee figure shifts with the exchange rate.
- checkRegister early for each part; the early-versus-standard gap is around US$200 per registration.
- checkAdd study-material costs on top; exam fees cover only the sitting.
- checkKeep a buffer for a possible retake, since each attempt carries a fresh exam fee.
FAQs
How much does the FRM cost?expand_more
A one-time enrolment fee of about US$400 plus per-part exam fees (around US$600 early / US$800 standard), so a first early registration is roughly US$1,000 (~₹84,000) for Part I.
Is the FRM enrolment fee paid every time?expand_more
No. The enrolment fee of about US$400 is one-time, paid when you first register for Part I. Each exam sitting then carries its own per-part fee.
How much does the full FRM program cost in India?expand_more
Passing both parts on early registrations comes to roughly US$1,200 in exam fees (US$600 per part) plus the US$400 enrolment fee, before study material. The rupee amount depends on the exchange rate when you pay; a first Part I registration alone is roughly ₹84,000.
Next steps
- Eligibility & Registrationarrow_forward
- Exam Datesarrow_forward
- Salary & Careerarrow_forward
- FRM Guidearrow_forward
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