FRM Course Details: Check Eligibility, Fee Structure, Career Opportunities

FRM Course Details: If you’re desired to challenge yourself by solving the financial risks then becoming a certified FRM holder is the correct career option. From this page, you’ll gain complete knowledge about FRM Full Form, Course eligibility, Fee structure, FRM Course Certification, Exam Pattern, and Career opportunities for FRM Certificate Holder. Moreover, you’ll have a thought of FRM certified holder job designations and Earnings of FRM certification professionals through this article.

What is FRM?

FRM full form is Financial Risk Management, is a professional designation bestowed by the worldwide Association of Risk Professionals (GARP). Students who finish their FRM Certification Program successfully within the allocated duration are awarded as a certified FRM by GARP. It is a worldwide appreciated symbol for those who manage risk.

FRM Course Details
After seeing the rapid changes in the finance industry everywhere the world there’s a requirement for experts who manage risk, money, and investment to earn worldwide standardized modern knowledge, and also FRM strives to fill that gap. However, the Financial risk management (FRM) exam is a practice-oriented examination offered in two parts; questions are meant to relate theory to practical, real-world, problems. Read more detail about FRM Course details in the below modules.

FRM Course Details

Course FRM
Full formFinancial Risk Management
EligibilityMinimum graduation
DurationExams will be conducted twice in a year
Fee Offered for the examINR 25,500
Course TypeCertified Exam
Starting salary offeredINR 900,000
Advance CoursesAdvance Certificate in Financial Accounting,
Advance Certificate in Financial Statement Analysis
Employment opportunitiesMarket Risk Manager, Regulatory Risk Manager,
Commercial Risk Manager

Professional Courses After 12th Commerce

FRM Certification & Eligibility Criteria

The certification exam for FRM is held twice in a year by the council. Candidates are going to be certificated based on qualification through merit scores in the exam. Interested candidates can appear for the FRM Certification Exam in May and November. Anyone can take this exam as there are not any educational or professional requirements to appear for the FRM Exam.

FRM Course Duration

Based on the candidate‘s focus and dedication, it takes a minimum of 1 year to finish both the exams of the FRM course. Students can give the exams of FRM Part I and Part II in May and November. Also, there’s FRM exam validity for five years from the date of registration. That means the candidates should clear both the exams and get 2 years of experience, and acquire the certificate within these 5 years. However, to become a certified Financial Risk Manager, candidates must meet with the following outline of the program:

Financial Risk Management (FRM) Course Certification

Candidates who fulfil the requirements of the FRM Exam will be eligible for the certification. Candidates should follow the three main steps for becoming a certified FRM. The following simple steps are the only way to complete the certification of FRM. So, follow them:

  • Candidates should pass the FRM Exam Part I.
  • After that, candidates need to pass FRM Exam Part II within 4 years after passing the Part I FRM Exam.
  • Candidates need to have 2 years of professional full-time financial risk management work experience.

Read the below modules and get to know more about FRM Part I Exam and FRM Part II Exam details.

FRM Part I Exam Pattern & Syllabus

The first steps that you should fulfil to become a certified Financial Risk Manager is clearing the FRM Part I Exam. Candidates should know about the exam pattern and concepts & theories involved under risk management and what should be included in a risk manager‘s daily work. Every year, the exam of FRM Part 1 will be conducted in May and November months. So, candidates need to consider the desired Part I important tools and ideas to clear the exam. There are 100 MCQs to be solved within 4hrs. The below diagram portrays the subjects that the candidates are expected to prepare for the level I exam with their respective weightage.

Career in Bachelor of Commerce

FRM Part II Exam Pattern & Syllabus

Now the second step candidates should follow after qualifying the part 1 exam of FRM is the Financial Risk Manager Exam Part II. They need to clear this FRM part 2 exam also to become a certified FRM. The Financial Risk Manager (FRM) Exam Part II centres on the practical application of risk management tools involved in part I to particular areas of risk management like credit risk, market risk, and operational risk. Candidates can take this exam in May and November every year. You will be seen 80 multiple choice question to attempt within 4hrs of exam duration.

Fee Structure for FRM Certification

The maximum FRM certification Free Structure is mentioned below. Make use of the below points and know the application and examination fee structure for two papers by verifying further. To have a prior idea on the FRM Certification Fees, we’ve provided the fee structure here:

Part I

  • Early Registration: $825
  • Standard Registration: $950
  • Late Registration: $1125

Part II

  • Early Registration: $350
  • Standard Registration: $475
  • Late Registration: $650

As there’s no fee for the exam of FRM Certification. Candidates need to pay the fee for registration which would be taken in the amount of Exam as mentioned above. Candidates can only register for the exam in an online mode. You can expect the registration process on the dates of continuity months.

FRM Career Options – Industries Employing Certified FRM‘s

The certificate courses of a financial risk manager is an ultimate designation that aids you with specialized knowledge and skills in the field of FRM. It offers varied career options in Risk Management, Trading, Structuring, Modelling, etc. After completion of your FRM Course, you’ll start your career in the following fields:

  • Banks
  • Risk and technology vendors
  • Asset management firms
  • Hedge funds
  • Credit agencies
  • Corporations (including non-financial corporations)
  • Consulting firms
  • Insurance firms
  • Central banks
  • Investment banks
  • Government/regulatory agencies

Job Profiles for FRM Certification Holder

Now, every industry requires FRMs, as they consider FRMs has extensive knowledge and high professional standards to manage risk, investment, and money. FRM certificate holders can get jobs in various firms and industries and they are going to be worked in some of the main Job profiles involved in the firms like listed below:

  • Risk Quantification Manager
  • Enterprise Risk Manager
  • Risk Manager
  • Market risk specialists
  • Credit risk specialists

FRM Certificate Holder Salary Details

Students who have an FRM Certificate can earn the average salary in India is INR 900,000. The salary for FRM professional and experienced candidates can earn a much bigger amount compared with the salary amount of a fresher. Even, the earnings may vary based on the skillset and diligence and experience gained by the individual in the workforce.

Hope, the knowledge shared as a part of the FRM Course Details has lit up you a little. For the other information needed feel free to drop us your suggestions via comment box and we will assist you to resolve them at the soonest possible.

FAQs For FRM Course Details

What is the procedure of examination for both Part I and Part II FRM Exam?

Both FRM exams 1or 2 would be manual via paper and pencil.

When can one appear for the exam?

FRM Certification Part I & Part II exams are available on the 3rd Saturday of May & November each year.

How much total work experience required before applying for the FRM Exam?

However, there are not any educational or professional prerequisites to apply for the Financial Risk Manager Exam. But, there is a need to become a certified FRM is, candidates must have professional experience of two years in risk-related full-time professional experience positions including portfolio management, risk consulting, and other fields.

What are the career opportunities after becoming a Certified FRM?

There are various career prospects available because it is the most prominent designations in the risk management industry. FRM certified candidates job options can be like Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, etc.

What is the starting Salary of FRM in India?

FRM Certificate holders can get an average salary in India is INR 90,000 also it depends on the firm and the industry they are working in and also the experience the candidate hold.

Which reference book is best for the FRM Examination?

Some of the best Reference Books are listed below for FRM:
• 2017 Financial Risk Management (part 1) Curriculum (GARP) Books + Free Question Bank
• 2017 Financial Risk Management (part 2) Curriculum (GARP) Books + Free Question Bank

About the author

Dasharath Maurya