FRM Course: Hone Your Risk Management & Finance Skills

Synopsis

Insufficient risk management can have serious consequences for both businesses and people. Macro-level poor risk management can bring down an economy. To navigate such risks, FRM (Financial Risk Management) professionals can make a difference. Learn all about the FRM course to become the desired professional.

The FRM course is offered by the Global Association of Risk Professionals (GARP, USA) to help professionals understand, analyze, and mitigate risks businesses may face. It is the gold standard with regard to academic excellence in risk management, and professionals who have completed this course can pursue a career in risk management. 

The FRM certification has propelled 80,000+ professionals with transferable knowledge applicable across industry platforms, a boost in job performance & career prospects, and the opportunity to be employed at the top banks as well as asset management companies. This article highlights the essential FRM course details that you should know before appearing for the exam.

FRM Curriculum

Let's start by looking at what the FRM curriculum entails. 

Things to Remember 

• The candidate has approximately 2.4 minutes to answer each question. 
• The questions are of varying difficulty, with some requiring simple calculations to find the answer and others requiring the elaborate application of learned concepts to real-life situations. 
• The exam questions focus on a candidate's grasp of concepts and the average pass rate is around 41-50%.

 Eligibility for FRM Clourse

• There are no minimum eligibility criteria to apply for the FRM course. However, a minimum of two years of relevant work experience is necessary to earn the FRM certification. 
• An undergraduate in the final year of their degree is eligible to apply for the FRM Part I exam. However, one needs to clear Part I to appear for Part II. The applicant should also have two or more years of work experience.
• Parts 1 and 2 of the FRM program must be completed within four years of applying for the Part 1 exam.

How to Register for FRM

Registering for the FRM exam is simple. You can directly register via the website of GARP. Here are the important details that you need to know to fill out the registration form:

• Go to the GARP website registration portal.
• Select the Exam section.
• Choose the exam you are interested in appearing for (Part 1 or Part 2). If you desire to appear for both, then select accordingly. 
• Select the examination dates as per your desirability. 
• Select your country, and fill in other details. 
• Fill in other mandatory fields and pay your examination fee.
• You will be registered for the exam.

Note: a) You will not receive FRM certification without qualifying Part 2 exam. 

           b) Ebooks for preparation will be available to you as a part of registration. However, if you     wish to buy a hard copy, you can do that.

Which should you choose?

MBA or FRM

FRM Exam Fees

Exam Dates & Deadlines

It is just as important to stay updated with the latest dates and deadlines as preparation for a specific course. The exam windows for FRM are given in the table below. 

Job Prospects After FRM Course

The FRM course allows a professional to utilize risk management tools and techniques in the investment management processes. As a result, a professional certified in FRM has ample career options in risk management and trading, with outstanding job roles within the field.

Source: Glassdoor

Some of the top hiring firms include: 

• Bank of China
• ICBC 
• HSBC
• JP Morgan Chase
• CitiGroup 
• UBS
• Deutsche Bank
• KPMG
• Credit Suisse
• Wells Fargo