FRM (Financial Risk Manager) Part I Cost
At a glance
- Exam fee
- $800
- Issuing body
- GARP
- Domain
- Finance & accounting
- Validity
- Maintained via membership
Informational only — not financial or career advice. Exam fees and certification requirements change, and the figures here are accurate only as of the listed verification date. Confirm the current fee and rules directly with the certifying body before you register or budget. We report the official-body exam fee for a single attempt; it excludes prep courses, materials and retakes, and is not the total cost of certifying.
The FRM (Financial Risk Manager) Part I examination is administered by GARP (Global Association of Risk Professionals). As of June 2026, the standard exam fee is $800 for a single attempt. Candidates registering early may pay $600 for the exam plus a one-time $400 enrollment fee. This base fee covers the exam attempt only and does not include third-party training courses, study materials, or retakes. Candidates should verify the current fee structure directly with GARP's official registration page, as certification bodies adjust pricing periodically.
According to the U.S. Bureau of Labor Statistics, the median annual wage for financial risk specialists—the occupation most commonly associated with this certification—is $106,000. This figure represents the median wage for the occupation and does not constitute a guaranteed salary, raise, or financial outcome from obtaining the FRM certification. All eligibility requirements, fee details, renewal information, and official policies should be confirmed on GARP's website before registration.
Related pay (occupation median). The U.S. BLS reports a median annual wage of $106,000 (typically $62,270–$182,310 from the 10th to the 90th percentile) for Financial Risk Specialists, the occupation this certification most often targets. That is the occupation’s pay, not a guaranteed lift from the certificate — actual pay depends on role, employer, location and experience. Source: BLS OEWS national file.
| Detail | Value |
|---|---|
| Certification | FRM (Financial Risk Manager) Part I |
| Issuing body | GARP |
| Base exam fee | $800 |
| Fee notes | standard $800 / early $600 + one-time $400 enrollment |
| Prerequisites | None (2 yrs experience to certify) |
| Validity / renewal | Maintained via membership |
What this fee does and doesn’t include
The figure here is the official-body exam fee for a single attempt. It does not include third-party training, prep courses, study materials, or retake fees — those are separate and vary by provider. Membership-tiered bodies may offer a lower member rate (noted above). Confirm the live fee on the issuer’s registration page before budgeting.
Frequently asked questions
How much is the FRM (Financial Risk Manager) Part I exam?
Does this include a prep course?
Exam fee compiled from issuer’s registration page →, verified June 2026. How we compile this. Confirm the current fee before you pay — bodies re-price periodically.
Prerequisites & how to register → · Prep guide → · Compare Finance & accounting certs →