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GARP® FRM® Pass Rate Information

Professionals who use our services are able to pass the FRM exam at a highly successful rate. Our customers often come to us with little knowledge of how to study for their Global Association of Risk Professionals (GARP) Financial Risk Manager (FRM) certification, yet, they see results after completing the materials:

  • 73% of Bionic Turtle users pass the GARP FRM exam (based on the cumulative average of our three most recent surveys).
  • Survey respondents were directly asked: “Did you pass the exam?”
  • The sample consists of approximately 1,200 individuals surveyed. Note: We cannot control any bias from self-reporting.

GARP® FRM® average pass rate

This is the first update to the FRM program pass rate chart since March 2020 when the World Health Organization (WHO) declared COVID-19 to be a pandemic. This new chart adds pass rates for 2020 (but October replaces the May slot) and May 2021. Both recent pass rates were slightly above their respective long-term averages.

Unlike the Chartered Financial Analyst (CFA®) exam that had their P1 pass rate plunge to 25%, due to deferral cohorts, we observe no effects to the FRM based on the pandemic’s exogenous shock. In regard to May 2021, please note the following:

  • The Part 1 (P1) pass rate was 47%. This is near (i.e., only 0.32 standard deviations above) its long-term average.
    Specifically, μ(P1) = 45.8% with σ(P1) = 3.7%
  • The Part 2 (P2) pass rate was 59%. This is near (i.e., only 0.61 standard deviations above) its long-term average.
    Specifically, μ(P2) = 56.9% with σ(P2) = 3.4%.

Historical FRM® Pass Rates

The following is information on historical GARP FRM pass rates, which can be found below:

Complete the FRM program and earn your FRM designation with the help of other candidates and our experts. We offer a space to discuss pass rates and related information in our forum.

Subscription Information for Bionic Turtle FRM® Exam Preparatory Products

  • Bionic Turtle offers easy-to-follow Study Packages so you can prepare for Part 1 and Part 2 of the exam. We also offer three different levels within those two parts depending on the materials that you would like to access.
  • After purchasing one of our FRM certification study packages, you will have access to the materials in our latest Study Planner, including all of the updates, for a period of one year.
  • We offer Upgrades if you find that you would like access to more materials after you have purchased one of the basic or advanced packages.

Helpful Links

  • Our Shop FRM page provides information and costs for all of the packages we offer.
  • Bionic Turtle’s Forum is a great place to ask questions. There are many previous and current FRM candidates seeking the FRM certification who are involved in active discussions that are very informative!
  • Visit our Study Planner for free samples of our materials so you know exactly what you are purchasing.
  • Our FAQ page will answer questions that you may have before purchasing a subscription.


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What Your Colleagues Are Saying

I took the exam in Sydney and had a similar feeling about the exam being more qualitative (but no less rigorous). However, I felt I was better prepared thanks to the BT's relentless focus on throwing real life examples and methods.

Jagan G.

I subscribed to BT for my Part 1 FRM exam and just wanted to say thanks for the depth and breadth of the study materials and practice questions. I found out that I scored in the top quartile of every topic and I absolutely could not have done this without using BT - I spent many, many hours going over the practice questions and answers! I wanted to express my appreciation and gratitude to your team for your hard work in creating these materials. Thanks!

Shu C.

The BT scripts, practice questions, global topic drills and mock exams were a great help in understanding the concepts (which I could already apply on the job!) and where structured in such a manner that the breadth and depth where optimal for exam preparation - clearly the exam would have been a catastrophe without BT!

Ivan J.

Passed first time. Happy all the hard work paid off. BT was the right choice. Thanks David and Nicole for your work and commitment.

John D.

Passed! 1,4,1,2,1,4! Thank you David and Nicole for your efforts! Thank you BT! Couldn't have done it otherwise. I'm a mechanical engineer who had a career in petroleum services, then I decided to switch career to financial risk management. Passed part 1 from the first time with top quartiles and passed part 2 from the first time as well. All with BT! BT is always the recommendation I give to people aiming at the FRM designation! Thank you again!

Feras S.

Passed Part I and Part II first time - absolutely could not have done it without BT. Like a few others I didn't even both buying the GARP books for Part II and went solely with BT materials. Just read, answered questions, watched videos, read, more questions, and... more questions! All the practice question taking looked to pay off. Thanks again Bionic Turtle for a great curriculum. Keep up the fantastic work!

John D.

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