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FRM exam dates 2027: windows, registration and fees

Every window from November 2026 to November 2027 for Parts I and II, with registration periods and fees from GARP.

Coming up (as of 28 October 2026): the November 2026 exams run from 14 November; registration for that window has closed. Early registration for May 2027 opens on 1 December 2026.

Exam windows and registration periods

WindowPart IPart IIEarly registrationStandard registration
November 202614–20 Nov 202621–25 Nov 2026ClosedClosed
May 20278–13 May 202715–17 May 20271 Dec 2026 – 31 Jan 20271 Feb – 31 Mar 2027
August 202713–14 Aug 2027 (morning)13–14 Aug 2027 (afternoon)1 Mar – 30 Apr 20271 May – 30 Jun 2027
November 202713–18 Nov 202720–22 Nov 20271 May – 31 Jul 20271 Aug – 29 Oct 2027

From GARP's exam logistics page. Scheduling closes on 23 April 2027 for May, 30 July 2027 for August and 29 October 2027 for November. All deadlines are 11:59 pm Eastern Time. In August both parts run on the same days, Part I in the morning and Part II in the afternoon.

Fees

  • Early registration: USD 600 per part.
  • Standard registration: USD 800 per part.
  • Enrolment: a one-time USD 400 for new candidates when they first register for Part I.
  • Fees exclude VAT and GST, and GARP notes that all fees are subject to change.

The format

  • Part I: 100 equally weighted multiple-choice questions in four hours.
  • Part II: 80 equally weighted multiple-choice questions in four hours.
  • Both are computer-based, results are pass or fail, and they arrive within eight weeks of the window closing.
  • GARP reported pass rates of 47% for Part I and 50% for Part II in November 2025.

What each part covers

  • FRM Part I topic weights100 equally weighted multiple-choice questions in four hours, by computer-based testing. Offered in May, August and November.
  • FRM Part II topic weights80 equally weighted multiple-choice questions in four hours, by computer-based testing. Offered in May, August and November.

Checked 28 October 2026 against garp.org. FRM® is a registered trademark of GARP, and Groundlearn is not affiliated with GARP. Confirm dates and fees with GARP before you register.

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