
Indian Institute of Quantitative Finance
Center of Finance Excellence - Quantitative Finance and Risk Management
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We are Authorised Exam Prep Provider for FRM® conducted by GARP®.
Know More About FRM® Programs Below .
FINANCIAL RISK MANAGER (FRM®)

We are the authorized training course provider for the FRM® examination conducted by GARP®.
The FRM® is a globally recognised certificate of competency in Financial Risk Management conferred by GARP® . The certfication is awarded to candidates passing the FRM® examination conducted by GARP®. FRM® is meant for professionals wishing to take up a career in the field of Risk Management in any investment institution across the globe. The risk manager’s job involves assessing, estimating and measuring, controlling and managing the risks of investments. This is an integral part of the investment process. Towards this end, FRM® is the Global Benchmark for the Financial Risk Management professionals in the industry.






FRM® is a practitioners exam, very unlike any other academic exam. So the best way to prepare for FRM® Exam is to learn from risk management industry practitioners who have done things hands on, who have practical exposure to real life risk management issues, who have significant experience in core risk management systems. People who are highly experienced in the way that they have done hands-on risk modeling which is very different and much more advanced than so-called practitioners who have been simple "risk management users/professionals" but not risk management researchers and developers.
Instructors at IIQF include top risk management experts who are pioneers in India in developing risk management technologies, models and risk management systems and products which are used by some of the largest global banks and financial institutions. They have been into risk modeling and research and development of risk management systems for over a decade. What can be better than being taught by the very people who are pioneers of this domain in India, who have developed risk management systems from scratch that are being used by some of the best global financial institutions.
For details of our FRM® instructors click here


ONLINE : For details of our Online FRM® Exam 2021 Coaching Program click here
Registration Process
You may register online by filling up the form given here .
Or you may click here to download the registration form. Fill up this form and send it along with the payment instrument to the below mentioned address.


The FRM® exam is a practitioners' exam. Its emphasis lies on the practical applications of the subject. The FRM® syllabus is very dynamic and changes every year to reflect the recent global events and scenarios. The exam is percentile based and there is no defined minimum score in order to pass the exam. The exam is graded based on an aggregate score of all the students. There is no section-wise cut-off score and there is no negative marking for wrong answers. After the completion of the exam, the students are provided with score in relation to what sections they did better on for future reference and how they did in comparison to their peers. There is no fixed breakdown of questions that might be theoretical versus numerical problems.
FRM® Exam consists of two parts – FRM® Exam Part I and FRM® Exam Part II. Only those who clear FRM® Exam Part I will be eligible to appear for the FRM® Exam Part II. Candidates also have the option to take both FRM Exam Part I and II at the same time, but in that case their Part II exam will be evaluated only if the clear the Part I, else they have to take both the parts again. Both the FRM® Exam Part I and FRM® Exam Part II will be offered simultaneously in May and November each year.
Please note that :
There is no section-wise cut-off score for passing the exam.
There is no negative marking for wrong answers.


FRM® Exam Part I is of 4 hours duration and will be administered over one single session. The exam consists of 100 multiple-choice questions. The topics covered in the FRM® Exam Part I along with their weightage in the exam and the number of questions from each topic are :
1) Foundations of Risk Management (20%)
2) Quantitative Analysis (20%)
3) Financial Markets and Products (30%)
4) Valuation and Risk Modeling (30%)
Click here to download the brochure.
Click here to download the syllabus.


The exam will be administered over a single session of 4 hours duration. The exam consists of 80 multiple-choice questions. The topics covered in the FRM® Exam Part II along with their weightage in the exam and the number of questions from each topic are :
1) Market Risk Measurement and Management (20%)
2) Credit Risk Measurement and Management (20%)
3) Operational Risk and Resiliency (20%)
4) Liquidity and Treasury Risk Measurement and Management (15%)
5) Risk Management and Investment Management (15%)
6) Current Issues in Financial Markets (10%)
Click here to download the brochure.
Click here to download the syllabus.


FRM® certified professionals find opportunities as Chief Risk Officer, Chief Finance officer, Risk managers, Head of Risk Management in Banks, Investment Banks, Stock Exchanges, Asset Management Companies, Mutual Funds, Hedge Funds, Insurance Companies, Private Equity Firms, Large Corporates, Credit Rating Agencies and Regulators.
With the recent global financial crisis, Risk Management in financial institutions has gained more importance than ever before. In view of this Risk Management as a career option has become even more prospective and lucrative across the globe and specially in India. There had always been a shortage of appropriately qualified risk management professionals and this shortage is going to get more accentuated, leading to greater demand for FRM® certified professionals.
GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Indian Institute of Quantitative Finance (IIQF) of GARP Exam related information, nor does it endorse ny pass rates that may be claimed by IIQF. Further, GARP is not responsible for any fees or costs paid by the user to IIQF nor is GARP responsible for any fees or costs of any person or entity providing any services to IIQF. ERP®, FRM®, GARP® and Global Association of Risk Professionals™, in standard character and/or stylized form, are trademarks owned by the Global Association of Risk Professionals, Inc.
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