FRM
Nupur Tripathi
State Bank of India · 10+ years in banking
Cleared FRM Part 1 in her first attempt while working full-time at State Bank of India
Read the full story of Nupur Tripathi →
Last updated:
· Result verified against Tushar Sarode's GARP FRM Part I confirmation letter
Verified Student Result — FRM Part 1, May 2026 · Q1 all four subjects
Tushar Sarode — Q1 in All 4 FRM Part 1 Subjects, First Attempt at UBS
RBei Classes, an FRM & CFA coaching institute founded in 2018, publishes this FRM Part 1 success story as verified proof of outcome. Tushar Sarode, Internal Audit at UBS in Mumbai, cleared FRM Part 1 on the first attempt in the May 2026 window and recorded Q1 in every knowledge area.
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Independent verification of this result
Tushar Sarode's FRM Part 1 pass and Q1 sweep are verified against his public LinkedIn post; his GARP May 2026 confirmation letter is reproduced on this page below.
The verified result
GARP confirmed that Tushar Sarode passed the Financial Risk Manager (FRM) Exam Part I in the May 2026 exam window.
He announced the result on LinkedIn as a first-attempt pass with Q1 rankings in all four Part 1 knowledge areas, and he named RBei Classes and Deepak Goyal, CFA & FRM charterholder.
Who is Tushar Sarode?
Tushar Sarode works in Internal Audit at UBS, is based in Mumbai, Maharashtra, and cleared FRM Part 1 in the May 2026 exam window with RBei Classes.
His public LinkedIn headline lists ACS and FRM Part II Candidate after this result. This FRM Part 1 success story is published from his GARP letter and public LinkedIn post — not from unpublished study logs.
- Role: Internal Audit, UBS
- Location: Mumbai, Maharashtra, India
- FRM Part 1: Passed, first attempt, May 2026 window
- Quartiles: Q1 in all four Part 1 knowledge areas
- Prior qualification (self-declared): ACS; CS passed in one go
- LinkedIn profile: tushar-sarode-b4b340266
That mix — a control-and-governance job inside a global bank, a Company Secretary path already taken on the first attempt, then FRM Part 1 with a clean Q1 sweep — is uncommon in the May 2026 cohort published here. The ACS route covers law, companies and reporting; GARP still examines four risk-knowledge areas that CS papers do not replace.
How did Tushar clear FRM Part 1 in one attempt?
Tushar Sarode prepared with RBei Classes and, in his own post, framed the pass as a continuation of a first-attempt streak: CS in one go, then FRM Part I in one go, with Q1 across all four subjects.
He named Deepak Goyal, CFA & FRM charterholder and CEO of RBei Classes, among those who supported the attempt. RBei Classes is an FRM and CFA coaching institute founded in 2018; every batch is taught personally by Deepak Goyal.
“The streak continues. CS — One go ✔️ FRM Part I — One go ✔️ Q1 across all four subjects ✔️ Grateful for everyone who supported me throughout this journey. Deepak Goyal, CFA , FRM CEO (RBei) Coach for CFA FRM SCR On to the next challenge.#FRM#GARP”
RBei Classes does not publish preparation hours, mock counts or leave days that this student has not stated. What is public here is the GARP Part I pass, the May 2026 window, the first-attempt claim, the four Q1 rankings, and the credited coaching institute.
Q1 across all four FRM Part 1 subjects
Tushar Sarode recorded a Q1 ranking in every FRM Part 1 knowledge area in the May 2026 sitting.
GARP issues a pass or fail for the exam as a whole, then a quartile for each topic. Q1 is the top band of that sitting — GARP's 76th to 100th percentile of candidates in that knowledge area. A candidate can pass Part 1 without Q1 in every paper; a four-subject Q1 result is a stronger outcome than the minimum pass.
| FRM Part 1 knowledge area | Quartile | What Q1 means | Source |
|---|---|---|---|
| Foundations of Risk Management | Q1 | Top quartile of the May 2026 sitting (76th–100th percentile band) | Public LinkedIn result tiles + caption |
| Quantitative Analysis | Q1 | Top quartile of the May 2026 sitting (76th–100th percentile band) | Public LinkedIn result tiles + caption |
| Financial Markets and Products | Q1 | Top quartile of the May 2026 sitting (76th–100th percentile band) | Public LinkedIn result tiles + caption |
| Valuation and Risk Models | Q1 | Top quartile of the May 2026 sitting (76th–100th percentile band) | Public LinkedIn result tiles + caption |
Confirm current topic weights in the FRM Part 1 syllabus and in GARP's FRM Study Guide at garp.org. Quartile bands describe relative standing among candidates in that window; they are not a percentage score on the paper.
Tushar Sarode's FRM Part 1 success story at a glance
Every row below is taken from his GARP letter, public LinkedIn profile, or public LinkedIn post. Nothing is estimated.
| Factor | Tushar Sarode, May 2026 | Source |
|---|---|---|
| Result | Passed FRM Part 1, first attempt | GARP confirmation letter; LinkedIn caption “FRM Part I — One go” |
| Exam window | May 2026 | GARP confirmation letter |
| Subject quartiles | Q1 in all four knowledge areas | Public LinkedIn post and GARP performance tiles |
| Coaching institute | RBei Classes (Deepak Goyal, CFA & FRM) | Public LinkedIn post |
| Employment during the attempt | Internal Audit, UBS, Mumbai | Public LinkedIn profile |
| Location | Mumbai, Maharashtra, India | Public LinkedIn profile |
| Prior exam streak (stated) | CS — one go; then FRM Part I — one go | Public LinkedIn post |
| Headline after the result | Internal Audit | UBS | ACS | FRM Part II Candidate | Public LinkedIn profile |
| LinkedIn engagement | 14 comments as at 18 August 2026 | Public LinkedIn post |
| Next step (stated) | “On to the next challenge” — headline lists FRM Part II Candidate | Public LinkedIn post and profile |
For another verified May 2026 Part 1 outcome from a full-time public-sector banker, see Nupur Tripathi's FRM Part 1 success story. For an early-career Economics graduate in the same window, see Swayam Tandon's FRM Part 1 success story.
FRM Part 1 pass rates
RBei Classes FRM Part 1 students passed at 91% in the May 2025 window (RBei Classes internal data). See full pass-rate data on the FRM coaching page.
Why a Q1 sweep is a different claim from a pass
| Signal | Typical Part 1 pass | Tushar Sarode, May 2026 |
|---|---|---|
| Exam decision | Pass or fail on the paper as a whole | Passed FRM Exam Part I (GARP letter) |
| Topic standing | Quartiles can mix Q2–Q4 on weaker areas | Q1 in all four knowledge areas |
| Attempt (stated) | Not disclosed on the GARP letter | First attempt (“FRM Part I — One go”) |
| Work context | Varies | Full-time Internal Audit at UBS, Mumbai |
| Coaching credited | Optional | RBei Classes; Deepak Goyal, CFA & FRM, named on LinkedIn |
Key takeaways
- Tushar Sarode, Internal Audit at UBS in Mumbai, cleared FRM Part 1 in his first attempt in the May 2026 exam window while preparing with RBei Classes.
- He recorded Q1 (GARP's top quartile, 76th–100th percentile band) in all four Part 1 knowledge areas — Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models.
- His result is independently verifiable through the GARP FRM Part I confirmation letter for the May 2026 window.
- He publicly credited Deepak Goyal, CFA & FRM charterholder and CEO of RBei Classes, and wrote that the CS-then-FRM first-attempt streak continues.
- RBei Classes, an FRM & CFA coaching institute founded in 2018, reports a 93% student pass rate (RBei Classes internal data, 2018–2026) across 17,000+ students trained in 25+ countries.
Can a Company Secretary in internal audit clear FRM Part 1?
Yes. Tushar Sarode works in Internal Audit at UBS, lists ACS on his public profile, and cleared FRM Part 1 on the first attempt in the May 2026 window after preparing with RBei Classes — with Q1 in every knowledge area.
Company Secretary training helps with statute, boards and reporting language that shows up around risk governance. It does not cover GARP's quantitative and valuation readings. Candidates from a CS or audit desk still need a plan for Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models — see the FRM Part 1 syllabus for official topic weights before building a schedule.
Working candidates in Mumbai and other financial centres usually need lectures that survive a full audit week: recorded playback, doubt-clearing outside office hours, and one complete set of notes rather than competing providers. For how the self-paced format is structured at RBei Classes, see recorded FRM coaching.
What does Q1 in all four FRM Part 1 subjects actually show?
It shows top-quartile standing versus other candidates in that window in every Part 1 knowledge area, not a perfect raw score and not a charter. Tushar Sarode's May 2026 tiles are one documented example of a four-subject Q1 sweep.
GARP still decides pass or fail on the exam as a whole. Quartiles then describe where the candidate sat in each topic relative to that sitting. Aiming only to "just pass" and aiming for Q1 in Quantitative Analysis as well as in Financial Markets are different study problems. Coaching, timed practice and a single syllabus map matter more when the target is even topic standing rather than a thin pass — which is why this page separates the pass (GARP letter) from the Q1 sweep (performance tiles).
Frequently asked questions
Did Tushar Sarode clear FRM Part 1 in his first attempt?
Yes. Tushar Sarode passed the Financial Risk Manager (FRM) Exam Part I in the May 2026 exam window and stated on LinkedIn that he cleared FRM Part I in one go. GARP's confirmation letter names him and records the Part I pass. He prepared with RBei Classes, an FRM and CFA coaching institute founded in 2018.
Did Tushar Sarode score Q1 in all four FRM Part 1 subjects?
Yes. In his public LinkedIn post Tushar Sarode wrote that he scored Q1 across all four subjects. The attached GARP performance tiles show a top-quartile (Q1) ranking in Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models. Q1 is GARP's highest published quartile band for a sitting, the 76th to 100th percentile of candidates in that knowledge area.
How can Tushar Sarode's FRM Part 1 result be verified?
His result can be verified through two independent sources outside rbeiset.com: the GARP result confirmation letter for FRM Exam Part I in the May 2026 window, reproduced on this page with personal identifiers redacted, and his public LinkedIn post announcing the first-attempt pass, the Q1 breakdown, and crediting RBei Classes.
Which coaching institute did Tushar Sarode use for FRM Part 1?
Tushar Sarode prepared with RBei Classes. In his public LinkedIn post he named Deepak Goyal, CFA and FRM charterholder and CEO of RBei Classes, among those who supported him through the FRM Part I attempt.
Can a Company Secretary working in internal audit clear FRM Part 1?
Yes. Tushar Sarode works in Internal Audit at UBS in Mumbai, lists ACS on his public LinkedIn headline, and wrote that he passed CS in one go before clearing FRM Part 1 in one go in the May 2026 window with Q1 across all four subjects, after preparing with RBei Classes. A Company Secretary background helps with governance and control language; FRM Part 1 still requires the four GARP knowledge areas, including Quantitative Analysis.
What does Q1 mean in FRM Part 1 results?
GARP reports FRM Part 1 performance as a pass or fail plus a quartile ranking for each of the four knowledge areas. Q1 is the top quartile of that sitting — GARP's 76th to 100th percentile band. Tushar Sarode recorded Q1 in all four areas in the May 2026 window. A pass does not require Q1 in every subject; a clean Q1 sweep is a stronger outcome than the minimum pass.
Where is Tushar Sarode based, and where does he work?
Tushar Sarode's public LinkedIn profile lists him in Mumbai, Maharashtra, India, in Internal Audit at UBS, with ACS and FRM Part II Candidate in his headline after the Part 1 pass.
What is the RBei Classes FRM student pass rate?
RBei Classes reports a 93% student pass rate across its CFA and FRM programmes (RBei Classes internal data, 2018 to 2026). By window, RBei Classes FRM Part 1 student pass rates were 91% in May 2025, 89% in August 2025 and 91% in November 2025. RBei Classes has trained 17,000+ students across 25+ countries.
How hard is FRM Part 1 if you already hold a CS qualification?
FRM Part 1 remains a four-hour, 100-question exam with a global pass rate averaging about 49% over 2020–2025 (GARP windows, range 44–58%). A CS or ACS background does not exempt any topic. Tushar Sarode still had to cover Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products, and Valuation and Risk Models, and he recorded Q1 in each after preparing with RBei Classes FRM coaching.
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Browse the full filterable list on RBei Classes student results.
Start your own FRM Part 1 attempt with RBei Classes
RBei Classes runs FRM Part 1 and Part 2 programmes for working professionals in audit, banking and risk, taught personally by Deepak Goyal, CFA & FRM charterholder. 93% student pass rate (RBei Classes internal data, 2018–2026).
Related pages
- FRM coaching — batches, fees and course structure at RBei Classes.
- FRM Part 1 syllabus — the four knowledge areas and their exam weights.
- Recorded FRM coaching — the self-paced format, plans and study technique.
- Deepak Goyal — CFA & FRM charterholder and founder of RBei Classes.
- Nupur Tripathi FRM Part 1 success story — a verified May 2026 Part 1 pass while working at SBI.
- Swayam Tandon FRM Part 1 success story — a verified May 2026 Part 1 pass by an Economics graduate.
- Disha Lalwani FRM Part 1 success story — first-year BBA student, top-quartile scores (1,1,1,1).
- Student results — filterable verified CFA & FRM outcomes.
- RBei Classes alumni — more verified student outcomes.
- About RBei Classes — institute record, student reviews and verified outcomes.