Passing the FRM exam takes more than just hard work it takes the right strategy. Over the years, we’ve seen countless candidates trip up on avoidable errors. Whether you’re preparing for FRM Level 1 or FRM Level 2, steering clear of these mistakes can save you time, energy, and stress.
Below are the 7 common mistakes FRM students make and how you can avoid them.
1. Starting Preparation Too Late
Many candidates underestimate the FRM exam’s difficulty and begin studying just a few weeks before the test. The FRM curriculum is vast, and rushing through it rarely works.
Avoid It: Start at least 4-6 months in advance. Spread out your schedule so you can revisit topics multiple times and practice under timed conditions.
2. Ignoring the Exam Format
Some students focus only on the content without understanding the exam structure. The FRM tests your application of concepts, not just theory.
Avoid It: Review past papers, question patterns, and time yourself during mock exams. A strong FRM exam strategy is as important as subject knowledge.
3. Over-relying on Theory Without Practice
Memorizing formulas won’t help much if you can’t apply them in scenario-based questions.
Avoid It: Mix your preparation dedicate 50% of your time to practice questions and mock exams.
4. Not Using Official or Trusted Study Material
Low-quality or outdated material can derail your preparation.
Avoid It: Stick to trusted resources like GARP’s official books, reputable third-party providers, and professional FRM course preparation tips from certified trainers.
5. Cramming in the Last Few Weeks
Last-minute cramming leads to burnout and poor retention.
Avoid It: Revise consistently. Keep the last two weeks for quick summaries, formula sheets, and high-yield topics.
6. Neglecting Weak Areas
It’s common for students to keep revising what they’re already good at, avoiding harder topics.
Avoid It: Identify your weak areas early and tackle them first. For example, if quantitative analysis feels tricky, dedicate extra time before moving on.
7. Skipping Mock Exams
Some students feel they’ll “waste” time doing mocks. In reality, skipping them is one of the biggest FRM exam preparation mistakes.
Avoid It: Take at least 4–5 full-length mocks before the exam. Analyze your mistakes and adjust your strategy.
Bonus: Level-Specific Pitfalls
- Avoid mistakes in FRM Level 1 by mastering the fundamentals and focusing on time management.
- FRM Level 2 preparation mistakes often involve underestimating the advanced complexity start earlier and practice more scenario-based questions.
Beginner-Friendly FRM Study Tips
If you’re new to the FRM journey:
- Create a realistic timetable from day one.
- Start with easier sections to build momentum.
- Use active recall and spaced repetition to remember formulas.
These FRM study tips for beginners can boost your confidence and performance.
Final Word
The FRM exam is challenging, but by avoiding these common pitfalls, you’ll be in a much stronger position to pass. Remember: smart preparation beats last-minute cramming every time.
Take Your FRM Prep to the Next Level
At Fintelligents, we’ve helped hundreds of candidates pass their FRM exams with structured courses, expert mentors, and proven strategies.
Start your preparation today: Join our FRM Course here
FAQ : FRM Exam Preparation
Q1 : How many hours should I study for the FRM exam?
Ans: Most candidates need around 300–350 hours per level to be well-prepared.
Q2 : Can I pass FRM Level 1 in 3 months?
Ans: It’s possible, but it requires a focused schedule and disciplined study plan.
Q3 : Is the FRM harder than CFA?
Ans: They test different skill sets, but FRM’s focus on risk management can be equally challenging.
Q4 : Should I take Level 1 and Level 2 in the same year?
Ans: Yes, but only if you can commit to the intense workload between exam windows.