As the field of finance evolves at a fast pace, so do careers in finance. One such profession that’s gaining popularity among the others is Financial Risk Management. After the pandemic, it became essential for several companies to risk-proof their financial management. To do that it is necessary to have an in-house expert who can analyse all the financial statements of the company and understand the impending risk factors that can be eliminated. FRM is a niche profession to be in and brings exciting challenges for those who possess an interest in this field. Every MNC, fast-growing start up and HNI is now sensing the need to hire a Financial Risk Manager.
GARP: Global Association of Risk Professionals is the Organization Body for FRM.
Top 6 Reasons to take up FRM:-
Passing Percentage:-
45% for Part I and 63% for Part II
Eligibility Criteria:-
An undergraduate in the final year of their degree can also apply for the FRM course. However, you need to clear your part 1 to appear for the part two examinations. Within the 5 years of your learning journey, you must also have 2 years of relevant work experience.
Job profiles you can explore:-
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Risk Analyst
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Risk Manager
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Credit Risk Analyst
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Market Risk Analyst
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Regulatory Risk Analyst
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Chief Risk Officer
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Operational Risk Manager.
Industry/Sectors:-
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Investment Banking
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Insurance
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Hedge Fund
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Asset Management
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Consulting
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Retail & Commercial Banking
FRM Course Fees:-
Enrolment Fee: USD 400 Exam Fee: USD 800
Exam Fee: USD 800
Total: USD 1200
Payment procedure as mentioned on the official GARP website.
Check: Must be a US bank check or a foreign check with a US intermediate bank wire
Wire: Wire instructions can be found on the bottom of your invoice
For any manual payments by check or wire there is a USD 50 processing fee that will be added to your invoice. Be sure to include your GARP ID, a copy of your invoice, and your signature for approval.
*exclusions may apply.
Topics and Weightage under FRM:-
