Professional Documents
Culture Documents
Candidate Guide
Demonstrate 2 years
Related Work Experience
Mandatory Continuing
Education 40 hours/2 years
STUDENTS
ERP Program.
CAREER CHANGERS
Career changers, such as those previously
working in non-finance, non-risk, or nonenergy roles, become ERPs in order to develop
specialized, practical knowledge in the rapidly
growing global energy space. Undertaking the
rigorous course of study to become an ERP
signals commitment to the energy sector.
Houston
Singapore
Dubai
Sydney
London
Lagos
Calgary
Munich
New York
Mumbai
Geneva
New Delhi
Registering
for the ERP
Exam
In 2016, the ERP Exam will be offered on May 21 and November 19. The cost to register for the Exam
varies based on the registration period. You can register for the ERP Exam by visiting www.garp.org/erp
FEES
When registering for the ERP Exam for the first time, a candidate pays a program enrollment fee and an exam fee.
Once enrolled in the ERP Program, only the exam fee is required for subsequent ERP Exam registrations.*
The enrollment fee covers basic costs associated with developing and administering the ERP Program and the
ERP Exam. Initial enrollment in the ERP Program includes a complimentary one-year GARP Individual Membership
(a US $195 value).
The exam fee is the cost to sit for each exam and varies based on the registration period. Current exam fees
associated with each registration period are as follows: Early Registration US $350; Standard Registration US $475;
Late Registration US $650.
Fees can be paid via secure online payment (if drawn on a U.S. Bank and payable in U.S. dollars), or by wire transfer.
More information about fees can be found on our website.
*Once a candidate passes the ERP Exam Part I, he/she must then pass the ERP Exam Part II within 4 years. If he/she
does not, they will have to re-enroll in the Program and pay all applicable fees as a new candidate, including taking
and passing the ERP Exam Part I again.
FEE SCHEDULE
Early Registration
New Candidate
(Part I)
Returning Candidate
(Part I/Part II)
$650
$350
Enrollment Fee: $0
$775
$475
Standard Registration
May 2016 Exam: 2/1-2/29
Enrollment Fee: $0
$950
$650
Late Registration
May 2016 Exam: 3/1-4/15
Enrollment Fee: $0
DEFERRALS
An ERP candidate may only defer each exam registration once to the next test date. Please note:
A deferral to the next examination date must be submitted by the last day of registration. For example, the
last day of registration for the May Exam is April 15, and for the November Exam, the last day of registration is
October 15.
There is an administrative processing fee of US$100 that accompanies each exam deferral. This fee is payable
by credit card only at the time of your deferral request.
Suggested readings will change from year to year.
More information on deferring the ERP Exam can be found on GARPs website.
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the Exam.
Study Materials
ERP Study Guide outlines all required readings for the ERP Exam.
In addition, key concepts appear as bullet points at the beginning of each
section of the Study Guide and are intended to help you identify the major
themes and knowledge areas associated with a particular section.
ERP Practice Exam candidates are encouraged to download and take the
practice exams, which are available on our website and are free for paid
candidates. These practice exams will provide you with a good sense of the
questions types to expect when sitting for the actual ERP Exam, and will
allow you to estimate how much time you can expect to spend answering
individual questions. Each practice exam contains multiple-choice questions,
and the file includes candidate answer sheets, exam questions, exam answer
keys, and detailed explanation for all answers.
It is strongly recommended that candidates mimic exam day conditions
when taking each Practice Exam.
ERP Books cover topics related to the physical and financial energy
markets. The ERP Exam Part I Books cover the following topics: energy
commodities and risk management, crude oil markets and refined products,
natural gas and coal markets, and electricity markets and renewable
generation. The ERP Exam Part II Books cover the following topics: price
formation in energy markets, financial energy products, and risk
management tools.
Sample Study Plan- available on the GARP website, the sample study plan
offers you a framework which you can customize. We encourage you to use
this study plan as a foundation and modify based on your schedule and
areas of strength or weakness.
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STUDY GROUPS
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2016
ERP Part I
Practice Exam
14
2016 ERP
Learning
Objectives
Sitting for
the ERP
Exam
EXAM LOCATIONS
CALCULATORS
IDENTIFICATION
Exam.
Exam are:
Edition)
Hewlett Packard 10B II
Hewlett Packard 10B II+
Hewlett Packard 20B
Texas Instruments BA II Plus
(including the BA II Plus Professional)
Please review GARPs calculator policy on the
website in advance of exam day.
16
PROHIBITED ITEMS
EXAM RESULTS
Oversight Committee.
EXAM VIOLATIONS
GARP seriously reviews each and every Exam
Violation Report. We have listed some of the
violations that have resulted in a Candidate
Violation Report being filed and, subsequently, a
candidates Exam not graded:
Candidate began the Exam early
Candidate opened the Exam booklet early
What to Bring
on Exam Day:
Printed Exam Admission Ticket
Current non-expired government-issued
photo identification - either a drivers
license or passport
Approved calculator
The following items may be carried in your pockets
or in transparent plastic bags. Plastic bags must
be placed under your chair and may be accessed
during the Exam.
ERPs have a competitive advantage that allows them to accelerate their careers
across many facets of the energy space. Those who pass the ERP Exam demonstrate their
understanding of the unique link between physical energy commodity markets and the financially traded
instruments, as well as their mastery of the measurement and management of energy risk.
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20
Q.
A.
How much work experience is required before sitting for the ERP Exam?
There are no educational or professional prerequisites to sit for the ERP Exam. However,
there is a work experience requirement you must fulfill before becoming certified. To
review ERP certification requirements, visit the GARP website.
Q.
A.
Q.
A.
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Q.
A.
Q.
A.
Q.
A.
Q.
A.
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Notes
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About GARP | The Global Association of Risk Professionals (GARP) is a not-for-profit global membership organization dedicated to
preparing professionals and organizations to make better informed risk decisions. Membership represents over 150,000 risk
management practitioners and researchers from banks, investment management firms, government agencies, academic institutions,
and corporations from more than 195 countries and territories. GARP administers the Financial Risk Manager (FRM) and the Energy
Risk Professional (ERP) exams; certifications recognized by risk professionals worldwide. GARP also helps advance the role of risk
management via comprehensive professional education and training for professionals of all levels.