Exam Comparison
CBAP vs FRM Part 1
Comparing the IIBA Certified Business Analysis Professional (CBAP) and the FRM Part 1 — Financial Risk Manager. Both fall under IT Certifications. Both are covered by the IT Management Cert Exam Prep: PMP, CISM, CISA & Java app.
CBAP vs FRM Part 1: At a Glance
| Detail | CBAP | FRM Part 1 |
|---|---|---|
| Full Name | IIBA Certified Business Analysis Professional (CBAP) | FRM Part 1 — Financial Risk Manager |
| Governing Body | IIBA | GARP |
| Number of Questions | 120 | 100 |
| Time Limit | 3.5 hours | 4 hours |
| Passing Score | 65% (approx 78/120) | Not disclosed (quartile-based scoring) |
| Exam Fee | $450 (IIBA members) / $600 (non-members) | $475 USD (plus enrollment fee for new candidates) |
| Category | IT Certifications | IT Certifications |
| C3RT App | IT Management Cert Exam Prep: PMP, CISM, CISA & Java Soon | IT Management Cert Exam Prep: PMP, CISM, CISA & Java Soon |
Content Areas Compared
CBAP Domains
- Business Analysis Planning and Monitoring(14%)
- Elicitation and Collaboration(12%)
- Requirements Lifecycle Management(15%)
- Strategy Analysis(13%)
- Requirements Analysis and Design Definition(30%)
- Solution Evaluation(16%)
FRM Part 1 Domains
- Foundations of Risk Management(20%)
- Quantitative Analysis(20%)
- Financial Markets and Products(30%)
- Valuation and Risk Models(30%)
Frequently Asked Questions
What is the difference between CBAP and FRM Part 1?
The CBAP (IIBA Certified Business Analysis Professional (CBAP)) is administered by IIBA and consists of 120 questions. The FRM Part 1 (FRM Part 1 — Financial Risk Manager) is administered by GARP and consists of 100 questions. Both are IT Certifications credentials.
Can I take both the CBAP and the FRM Part 1?
Yes, the CBAP and FRM Part 1 are separate credentials with separate eligibility requirements. Each is awarded by a different governing body (IIBA and GARP respectively). Check the official requirements for each before registering.
Which should I take first, CBAP or FRM Part 1?
The right sequence depends on your career goals and current credentials. The CBAP is offered by IIBA with a passing score of 65% (approx 78/120), while the FRM Part 1 is offered by GARP with a passing score of Not disclosed (quartile-based scoring). Review the eligibility requirements for each with the respective governing bodies before deciding.
Does C3RT cover both the CBAP and the FRM Part 1?
C3RT is building apps for both the CBAP and the FRM Part 1. Both will be available on iOS and Mac.
The IIBA Certified Business Analysis Professional (CBAP) (CBAP) is administered by IIBA. The FRM Part 1 — Financial Risk Manager (FRM Part 1) is administered by GARP. C3RT is not affiliated with either organisation. Certification names and trademarks are the property of their respective owners.