Risk Management

FRM Part I Exam Preparation Course

Study all four FRM Part I domains in one integrated learning hub, with detailed summaries, active recall, searchable reference material, timed practice and a grounded AI tutor.

400 Practice Questions Detailed Study Notes Realistic mock exams
GARP FRM Part I Exam Preparation

Qualification facts verified against FRM Part I four-domain curriculum structure. Last checked 2026-08-02. Official GARP FRM study-materials page. The four recorded Part I source modules control the detailed learning content; the official source controls the combined domain structure and assessment format.

Complete FRM Part I learning inventory

  • Four internal curriculum modules
  • Five timed 80-question four-domain practice exams
  • 700 active-recall flashcards
  • 612 searchable reference items
  • 62 detailed chapter summaries
Unlimited Training
Self-Paced Learning
Certificate of Completion
AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

Interactive Playground

Explore our interactive learning tools below

Sample Question 1 of 10

Which risk-management term is best described by this statement? The board approves strategy and risk appetite, oversees the framework and challenges whether risk taking and incentives remain consistent with appetite.

This is just a taste — the full course includes far more

One course for the complete FRM Part I curriculum

FRM Part I is assessed as one examination across four knowledge domains. This course therefore gives you one purchase and one learning hub, while retaining the official book structure as four internal modules: Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models.

Work through 62 detailed chapter summaries, 700 active-recall flashcards and a 612-item searchable reference sheet. The AI tutor uses the combined course materials to explain concepts, formulas, assumptions and relationships across all four modules.

Integrated practice across all four domains

The five timed practice exams combine questions from every module in one paper, so practice is no longer split across four separate products. Each paper contains 80 questions with balanced 20-question coverage from each internal module. The official FRM Part I assessment contains 100 equally weighted multiple-choice questions completed in four hours.

Exam Format & Details

Assessment The official FRM Part I assessment contains 100 equally weighted multiple-choice questions across all four Part I domains.
Duration 240 Minutes
Total Qualification Time 240 hours

Preparation Package at a Glance

Feature Exams Academy Details
Access Period
Lifetime Access
One-time enrollment with no recurring fee
Practice Exams
Unlimited Retakes
Four internal curriculum modules
Study Support
Instant 24/7 AI Tutor
Self-service AI support; live instructor support is not included
Cost
$249 (One-Time)
One-time payment with no recurring subscription

Key Benefits

One Part I Learning Path

Move through all four curriculum domains without purchasing or switching between separate book courses.

  • One checkout and one course entitlement.
  • One progress dashboard across 62 chapters.
  • One completion certificate for Part I preparation.

Four Structured Modules

Keep the official domain structure while studying inside one course.

  • Foundations of Risk Management.
  • Quantitative Analysis.
  • Financial Markets and Products.
  • Valuation and Risk Models.

Integrated Practice

Practise all four domains together through five timed 80-question papers.

  • Twenty questions from each module per paper.
  • Detailed explanations for every answer.
  • A platform mastery target for progress tracking.

Cross-Domain AI Tutor

Ask questions across the complete Part I learning library in one conversation.

  • Grounded in all four module libraries.
  • Step-by-step support for formulas and calculations.
  • Connections between concepts across domains.
New course feature

Learn first. Then prove you’re ready.

Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.

Study Mode

Instant feedback & explanations

Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.

  • Feedback after every choice
  • The correct answer shown clearly
  • A concise explanation while it matters
Exam Mode

Realistic exam simulation

Work against the official-style timer without revealing answers, then review your score and every explanation after submission.

  • Timer mirrors the exam duration
  • Answers stay hidden during the attempt
  • Score and explanations after submission

Syllabus

Module 1: Foundations of Risk Management 20% syllabus weight

🎧 Audio

Risk types, governance, enterprise risk management, portfolio theory, financial crises and professional conduct.

  • Risk frameworks
  • Governance and ERM
  • Portfolio theory
  • Financial crises and conduct

Module 2: Quantitative Analysis 20% syllabus weight

Probability, distributions, statistical inference, regression, time series, simulation and machine learning.

  • Probability and statistics
  • Regression
  • Time series
  • Simulation and machine learning

Module 3: Financial Markets and Products 30% syllabus weight

Financial institutions, derivatives, clearing, foreign exchange, fixed income, mortgages and swaps.

  • Market institutions
  • Futures and forwards
  • Options
  • Bonds, mortgages and swaps

Module 4: Valuation and Risk Models 30% syllabus weight

VaR, volatility, credit and operational risk, stress testing, fixed income valuation and option models.

  • VaR and volatility
  • Credit and operational risk
  • Fixed-income risk
  • Option valuation and Greeks

Who Is This For?

Candidates preparing for the GARP FRM Part I examination
Learners who want one structured course instead of four separate book purchases
Risk professionals revising quantitative, market, valuation and governance concepts
Candidates who want integrated practice across every Part I domain

Preparation centre

Use these connected guides for the syllabus, exam format, booking and revision strategy.

View all insights

Frequently Asked Questions

It includes the preparation content for all four Part I curriculum domains inside one course: Foundations, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models.

No. The four books are internal modules of this single FRM Part I course, with one purchase and one progress dashboard.

GARP describes Part I as 100 equally weighted multiple-choice questions completed in four hours across all four Part I domains.

Each of the five timed practice papers combines 20 questions from each internal module, producing an 80-question four-domain paper with explanations.

No. GARP does not publish a fixed percentage pass mark. The percentage shown inside the platform is an internal study target.

No. Exams Academy is an independent education provider and is not affiliated with or endorsed by GARP.

You receive lifetime access to the complete Part I course with no recurring subscription fee.

Yes! Test your knowledge and see our AI tutor explanations with the free GARP FRM Part I Exam Preparation Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.

Ready to Pass Your Exam?

Master this FRM curriculum book with source-grounded summaries, active recall and clearly scoped book-level practice before combining it with the rest of the curriculum.

GARP FRM Part I Exam Preparation
$249 $880 -72%