Certificate in FRM (Financial Risk Management) Quick facts
Highlights for Certificate in FRM (Financial Risk Management) program are provided in the table given below:
Certificate in FRM (Financial Risk Management) Eligibility & Entrance exam
Eligibility Criteria for FRM (Financial Risk Management) course:
As such there is no specific eligibility condition required to pursue FRM (Financial Risk Management) certificate course. The FRM (Financial Risk Management) certificate course requirements include the two major aspects.
Aspirants have to clear FRM Exam Part I and FRM Exam Part II in chronological order and within the time limit given.
Aspirants have to demonstrate the document of full-time work experience around 2-years in financial risk management.
Aspirants must have completed Graduation and holding a bachelors degree in Finance or relevant field with minimum 50% marks from a recognised University and work experience related to financial risk management.
Candidate must be an active member of GARP (Global Association of Risk Professionals).
There is no upper age limit required to pursue FRM (Financial Risk Management) certificate course.
Entrance exam for FRM (Financial Risk Management) course:
The entrance exam and admission procedure to pursue FRM (Financial Risk Management) certificate course guided by Global Association of Risk Professionals (GARP) is as follows.
Applicants have to register themselves by visiting the official website of GARP and enrolled themselves for FRM Part I Exam via ‘new candidate’ pathway.
Students have to make payment of fees, students able to access their GARP account and choose specific dates for their test and test centre from over 100 test cities
Study material includes official books, sample papers and study guides for exam purpose can also be accessed online via GARP account of applicants.
Applicants have to qualify the FRM Part I Exam before appearing in FRM Part II exam. In case the applicants choose same dates for both exams, then Part II exam scores is only valid if the candidates qualify Part I exam.
Aspirants have to demonstrate the document of full-time work experience around 2-years in financial risk management. The FRM exam certificate is valid for at least five years from the time of registration.
FRM exams are conducting thrice in a year for applicants who are appearing in Part 1 exam, and twice in a year for applicants who are appearing Part 2 exam. The exam takes place in July, May, November and December months of every year.
FRM Part 1 Exam
The entrance exam consists of 100 MCQs and time duration of exam is 4 Hours. The entrance exam comprises questions from topics given below.
Valuation and Risk Modelling (30%)
Quantitative Analysis (20%)
Foundations of Risk Management (20%)
Financial Markets and Products (30%)
There will be no negative marking for incorrect answers and no section-wise cut-off marks for qualifying the exam.
FRM Part 2 Exam
The entrance exam consists of 80 MCQs and time duration of exam is 4 Hours. The entrance exam comprises questions from topics given below.
Credit Risk Measurement and Management (20%)
Market Risk Measurement and Management (20%)
Operational Risk and Resiliency (20%)
Risk Management and Investment Management (15%)
Liquidity and Treasury Risk Measurement and Management (15%)
Current Issues in Financial Markets (10%)
There will be no negative marking for incorrect answers and no section-wise cut-off marks for qualifying the exam.
Certificate in FRM (Financial Risk Management) Duration & Fees
FRM (Financial Risk Management) course duration:
The duration required to complete FRM (Financial Risk Management) certificate course is one- two years (Part1 and Part2). The applicants also require two years of work experience for FRM (Financial Risk Management) certificate course.
Topics of study covered during the curriculum are Measurement and management tools, Basic risk types, Data aggregation and risk reporting, Creating value with risk management, Enterprise Risk Management (ERM), The role of risk management in corporate governance, financial disasters and risk management failures, Risk-adjusted performance measurement, The Capital Asset Pricing Model (CAPM), Ethics and the GARP code of conduct, Multifactor models, and many more.
FRM (Financial Risk Management) course fees:
The FRM (Financial Risk Management) certificate course fees on average range from INR 20,000-1,00,000 in India. It includes three stages for both the exams such as Early Registration fees, Standard Registration fees and Late Registration fees.
The course requires basic knowledge of Business Communication, Time management, Interpersonal skills, Clarity of thought, Emotional intelligence, The art of questioning, Listening skills, Presentation skills.
Certificate in FRM (Financial Risk Management) Jobs,Scope,Salary after course
Scope of FRM (Financial Risk Management) course:
After completion of FRM (Financial Risk Management) certificate course, there are wide range of job opportunities available and they can be assigned to job roles of Chief Risk Officer, Risk Manager, Risk Analyst, Credit Risk Analyst, Regulatory Risk Analyst, Market Risk Analyst, Operational Risk Manager and many more.
They get employment opportunities in areas such as Risk and technology vendors, Banks, Asset management firms, Credit agencies, Hedge funds, Corporations, Insurance firms, Consulting firms, Central banks, etc.
Recruiters which hire such professionals are UBS, Bank of China, ICBC, HSBC, Citigroup, Agricultural Bank of China, KPMG, PwC, Deutsche Bank, etc.
The average salary offered to fresher after completing FRM (Financial Risk Management) certificate course is INR 5.0-8.0 LPA.
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Risk Surveyor
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The duty of Risk Surveyor is to do personal and commercial surveys, check fire protection systems and examine building plans, prepare risk reports, advise clients about risk and insurance claims.
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7,00,000 lacs
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Risk Management Adviser
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Responsibility of Risk Management Adviser is to detect risks by observing processes, outlining findings, analysing data, drafts and delivers presentations, reports and recommending solutions.
Duty is to create assessment methodologies for appropriate risk.
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6,00,000 lacs
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Insurer
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Insurer is a professional who is responsible for measuring insurable risk or hazard risks, supervise the risk and develop reports and plans and help in optimizing operations.
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8,00,000 lacs
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Risk Analyst
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The duty of Risk analysts is to examine a firm's portfolios, investment and analyse the risk and make recommendations through investment, diversification strategies.
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7,50,000 lacs
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Certificate in FRM (Financial Risk Management) Top colleges offering course
Top Colleges for FRM (Financial Risk Management) course:
FRM (Financial Risk Management) certificate course requires few skills such as Logical Thinking, Observation and concentration, Eye for detail, Communication skills, Knowledge of computers and software, Creativity and patience, Teamwork spirit, Upgrade with latest information, Dedication, patience, and hard work, Mindset of imagination and illustration.
For exact information, candidates are advised to visit the official website of the institute.
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Name of college
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Location
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Approx. fees per year
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BSE Institute Limited
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Chennai
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1,40,000 lacs
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Indian School of Business Management and Administration
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Bangalore
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26,000
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All India Institute of Management Studies
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Chennai
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1,25,000
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University of Mumbai
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Mumbai
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24,000
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Ponnaiyah Ramajayam Institute of Science and Technology
VELS University Vels Institute of Science, Technology and Advance Studies
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Dr. C. V. Raman University
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