To register for the CFA exam, applicants must have a bachelor’s degree or be in their last year of a bachelor’s program. You must also have an international travel passport and the ability to take the examination in English. The FRM program does not require any minimum qualifying criteria to take the exam. Even an undergraduate (in their graduating year) is qualified to take the FRM Part 1 Exam. However, you can only take the FRM Part 2 Exam once you have passed the FRM Part 1 Exam.