FRM Part 1 Fees 2026: Exam, Registration and Cost

The FRM Part 1 fees 2026  will include: Registration fees, exam fee, and GARP course fee, plus other potentially high costs associated with study guides, and other FRM preparation. This information has been mentioned in this guide to help candidates better plan for their expected expenses and to effectively budget.

Comprehensive Summary of FRM Part 1 Fees:

• What Is FRM Part 1: Part 1 of the Financial Risk Manager (FRM) Certification is the first of the two parts of certification provided by GARP, and it consists of all of the basic concepts associated with Risk Management. 
• FRM Part 1 Registration Fees: Part 1 has a one-time registration fee of USD 400 and is assessed on all individuals registering to take the FRM Examination, regardless of the method by which they register.
• FRM Part 1 Exam Fees: FRM Part 1 Examination fees range from USD 600 to USD 1000 based on whether the candidate registers early, standard, or late.
• Additional FRM Course Fees: In addition to the cost of the FRM Part 1 Exam, candidates will incur other costs associated with their FRM Part 1 Course, books, tutor fees, re-take fees, and sales and local taxes. 
• Total FRM Fee in India: The approximate total fee in India for FRM Part 1 is between $1,500–$1,800 USD.
• Tips to assist with Cost Projections: By registering early and utilizing the official materials provided by GARP, candidates can save significantly on overall FRM Part 1 fees.
  

Understand FRM Part 1 Fees Before You Register

Get FRM Fee Breakdown

The first step for anyone looking into the FRM Certification is to understand the FRM Part 1 fees. Whether you are new to the process and are trying to comprehend what FRM is, or if you’re trying to plan for the 2026 exams, the FRM Level 1 fee structure may seem very complicated at first. There are registration, exam, and study fees, as well as other costs that can make up a large sum.

This guide will offer transparency about FRM Part 1 fees, FRM course fees, and FRM fees in India through storytelling methods, and is your complete financial roadmap for beginning your journey with GARP and ultimately earning the globally recognized FRM designation.

What Is FRM Part 1?

Understanding what is FRM and why it is important will help you better understand the FRM Level 1 fees.

The Financial Risk Manager (FRM) certification is a worldwide recognized credential from the Global Association of Risk Professionals (GARP). It is for anyone in the risk management, banking, finance, investment management, and analytics professions to work to become an expert in that area.

The FRM program has two levels:

• Level 1: Fundamental concepts including quantitative analysis, financial markets, valuation, and risk models.
• Level 2: Advanced applications of risk management.

FRM Part 1 (Level 1) represents the entry into the program, and most candidates will want to know what the FRM Part 1 fees will be prior to signing up for the exam.

FRM Part 1 Registration Fees 2026

When calculating fees for a candidate, the one-time registration fee charged by GARP is an important part of that calculation. 

Initial Registration Fee 

Only the first-time applicant pays an enrollment registration fee, i.e., USD 400 for the Part 1exam, which is paid when registering for the FRM exam for the first time. 

• First-time applicants only
• Must be paid directly to GARP 
• The standard Registration Fee is USD 800 for each part 1 and part 2 exam.

Note: The exam fees mentioned do not include applicable taxes such as VAT and GST. Any relevant taxes will be calculated and added during the payment process based on your location.

Annual Membership Fee (if applicable)

At present, for candidates using GARP to become an FRM, there is no separate yearly membership charge. The FRM registration fee includes eligibility for both FRM parts; therefore, the predictability of the FRM fee in India and around the world will be much greater than for any other certification.

Plan Your FRM Journey With Complete Fee Clarity

Calculate FRM Cost

FRM Part 1 Exam Fees

Fees for taking the FRM Part 1 exam are the only variations; FRM course registration fees vary based on when you register.

1. Early Registration Fees

This is the most optimal registration method for any FRM candidate. This method of registration is available for a short time. Registration costs through early registration are at their lowest. 

Choosing early registration will save you the most on the total cost of taking the FRM Part 1 Exam.

2. Standard Registration Fees

After early registration closes, standard registration fees eliminate the early registration fee provision. This option is the method that is most commonly used, and it is the most balanced between flexibility in registration vs. total cost.

Most discussion about FRM fees for level 1 uses USD 800 as the threshold for the standard registration method.

3. Late Registration Fees

Late registration fees are an option available only for candidates who have been unable to register before the regular registration deadline. Late registration is the most costly of all registration methods. It is available for a very limited time; you should not consider late registration unless necessary.

Additional Charges for FRM Part 1

In addition to the registration and exam fees, candidates should consider budgeting for any additional costs incurred in preparing for and conducting their exams.

Study Materials and Books

Candidates selecting the materials to use for their FRM Part 1 preparation can select from several options, including:

1) Official GARP study materials in either eBook or print format

2) Third-party coaching and prep providers

The cost of study materials will be approximately:

• USD 300 + shipping for GARP official books
• Costs for third-party prep materials ($349–$799) or GARP official practice exams ($75) may also apply.

These costs comprise a significant amount of the total cost of an FRM course in India.

Exam Rescheduling Fees

If you need to reschedule your exam date or location, rescheduling your exam may incur additional costs. For details regarding rescheduling policies and pricing, verify the GARP policy prior to obtaining this change. 

Re-exam Fees

If a candidate does not pass the exam on their first attempt (FRM Part 1), they will only pay for their exam (not for re-registration). Therefore, any second (or subsequent) attempts will only require them to pay the applicable exam fee based on when they originally registered.

Fee Paying Methods for Re-attempts

An example of re-attempt fees is as follows:

1) You must pay the full registration fee for a re-attempt USD 600–800. Depending on whether they register during the early or standard window.

2) The one-time enrolment fee is not required for re-attempts. 

Other Miscellaneous Charges

A few other small costs might include,

1) Currency conversion fees (charged by most banks)

2) Taxes/GST (for FRM exams conducted within India)

3) Internet and exam setup costs.

Total Cost Breakdown for FRM Part 1 2026

Now let’s combine everything to understand the realistic FRM Part 1 fees.

Estimated Cost for First Attempt

This is a practical estimate of FRM course fees for first‑time candidates.

Cost for Multiple Attempts

For repeat attempts:

Multiple attempts increase overall FRM fees, making preparation quality crucial.

Tips to Reduce Costs

Here’s how to strategically manage your FRM Part 1 exam fees:

• Early registration for FRM Part 1 will save you money on the exam fee.
• Utilizing GARP’s official study resources, as well as avoiding any extra fees or penalties from late registration, will help you save money.
• If you successfully complete Part 1 on your first try, you can avoid additional fees for retaking that exam.

Payment Methods and Refund Policies

GARP has multiple payment options available:

• Credit Card
• Debit Card
• International Online Payments

Refund Policy

• Generally, the fees paid for the registration process are non-refundable.
• Certain exceptions may apply to the exam deferral policy; please check with GARP about the specific requirements for an exception.
• If you take the time to read the GARP refund policy, you will not have a nasty surprise when trying to get a refund.

Conclusion

When you’re budgeting for the FRM Part 1 exam, keep in mind that your total cost isn’t just the exam fee; there are other significant costs associated with each step in the process. You should consider everything from course fees to study materials to retake fees.

If you have made a commitment to pursue a career in risk management and are ready to take the next step with GARP, then you should budget for your FRM Fees carefully and avoid the stress that goes along with preparing for an exam. As a result of this careful budgeting, FRM Part 1 will be affordable as well as achievable.

FAQs on FRM Part 1 Fees

What is the total FRM Part 1 fee in 2026?

The total FRM Part 1 costs in 2026 typically vary from $1900-$2400 Including registration, exam, and FRM course costs.

How much is the FRM Part 1 registration fee?

The GARP $400 FRM Part 1 registration fee is required to receive the FRM credential (i.e. a one-time cost).

What are the exam fees for FRM Part 1?

FRM Part 1 exam fees vary based on when I register. I can receive an exam fee of $600 if I register early; $800 if I register on time; and $1000 if I register late.

Are there additional costs apart from registration and exam fees?

Yes, besides the FRM costs, the candidate can incur additional costs for study materials, coaching, re-exam fees, and tax in India.

Can I pay FRM fees in installments?

No, GARP does not allow partial payments and requires all FRM Part 1 fees to be prepaid at the same time I sign up for the FRM Part 1 exam.

Current Role

Co-Founder & CEO at Zell Education

Education

• ACCA – Association of Chartered Certified Accountants, Finance (2011 – 2014)
• Bachelor of Commerce (BCom), Financial Markets from H.R. College Of Commerce & Economics (2010 – 2013)

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