FRM Eligibility & Qualifications: Requirements to Get Certified Sections Covered What is the FRM Certification? Why Choose the FRM Certification? FRM Awarding Body: GARP FRM Eligibility Requirements FRM Exam Details FRM Course Fees FRM Course Duration Career Opportunities After FRM Best FRM Exam Study Materials Conclusion Schedule a call In today's competitive world, finding a suitable job is challenging, especially in the finance and accounting industry. With increasing global competition, it’s no longer enough to rely solely on traditional degrees to stand out in the job market. To gain a competitive edge, professional certifications like the FRM (Financial Risk Management) certification can help you build a successful career in the field of financial risk management. Earning your FRM Certification The Exam has two parts FRM Part I and FRM Part II, the pass rates for the Part I exam are very low compared to the FRM Exam Part II. Before you begin preparing for the FRM you need to know about the FRM course, FRM course eligibility, FRM curriculum, Exam information, 2 years of professional experience and the FRM certification process.But what is the FRM eligibility, and how can you achieve this prestigious certification? In this article, we will answer all your questions about FRM eligibility criteria, the exam process, and the career opportunities that await certified FRMs. You will know everything you need to know to pursue the FRM.Latest Updates :What is FRM? A complete FRM course eligibility and course detailsHow to Balance Work and FRM Exam Preparation: A Practical ApproachFRM Certification and its Scope: FRM Jobs in India and Salary What is the FRM Certification? The FRM certification by GARP (Global Association of Risk Professionals) is the most prestigious certification in the field of risk management. The program is designed to enhance your skills in identifying, analyzing, and managing risk. The FRM course is recognized in over 195 countries, and GARP has a network of 80,000 professionals globally. Why Choose the FRM Certification? The finance industry is evolving rapidly, with employers increasingly seeking certified professionals to handle financial risks. Those who pass the FRM have two years of work experience in Financial Risk management. Traditional degrees are no longer enough to meet these demands. The FRM certification provides advanced knowledge in risk management and finance, helping you stand out to employers worldwide. FRM Awarding Body: GARP The Global Association of Risk Professionals (GARP) is the awarding body for the FRM certification. GARP is a leading professional association for risk managers, dedicated to advancing the financial risk management field through education, research, and best practices. FRM Eligibility Requirements The eligibility criteria for the FRM certification are not very demanding, allowing individuals from diverse backgrounds to pursue the program.FRM Certification Eligibility: Educational Qualification: You need at least a high school diploma (10+2) to appear for the FRM exam. Experience: To earn the FRM certification, you must have at least two years of relevant work experience in risk management or related fields. This gives you practical skills in Financial Risk Management. Although no specific degrees are required, the FRM exam demands dedication and knowledge in finance and risk management.FRM Certification Requirements: Pass both parts of the FRM exam. Complete 40 hours of Continuous Professional Development (CPD) every two years after certification. FRM Exam Details The FRM exam is divided into two parts, part I and part II, each assessing critical areas of financial risk management:FRM Part 1 Syllabus: Foundations of Risk Management Financial Markets and Products Quantitative Aptitude Valuation and Risk Models FRM Part 2 Syllabus: Market Risk Management and Measurement Credit Risk Measurement and Management Risk and Investment Management Operational and Integrated Risk Management Financial Markets' Current Issues Both parts of the FRM exam consist of multiple-choice questions (MCQs): FRM Part 1: 100 MCQs FRM Part 2: 80 MCQs Other than the FRM Part I exam and FRM Part II exam you also have to complete two years of work experience.FRM Exam Windows The FRM exam is held in three windows each year: May, August, and November. Sign up for an exam pay the applicable exam fees for a specific exam, and schedule your exam appointment in the specific exam window.Exam WindowPart 1Part 2May, 202411th May - 17th May12th May - 22nd MayAugust, 20249th August - 10th August9th August - 10th AugustNovember, 20249th November - 15th November16th November - 19th NovemberRead More :Exploring Job Opportunities and FRM SalaryFRM Careers : Exploring Job Sectors, Employers, Trends, and Beyond FRM Course Fees Below are the approx. costs you need to incur as you pursue FRM:FRM Part 1 Fees: New Candidates: Enrollment Fee: $400 Exam Fee: $600 - $800 Total: $1000 - $1200 Returning Candidates: Exam Fee: $600 - $800 Total: $600 - $800 FRM Part 2 Fees: Exam Fee: $600 - $800 FRM Course Duration The FRM certification is a short-term course that can be completed within one to two years. With the right guidance and dedication, this duration can be further reduced. Regarding the FRM course, you will need their support and guidance for the preparation for the FRM. NorthStar Academy provides expert coaching that helps students complete their FRM certification faster. Career Opportunities After FRM The FRM certification opens up a wide range of high-paying career opportunities in the finance and risk management sectors. Some of the top job roles for certified FRMs include: Treasury Risk Manager Credit Risk Manager Risk Analyst Market Risk Manager Investment Analyst Quantitative Analyst Portfolio Manager Claims Manager FRMs are in demand across various industries, including: Banking Insurance Hedge Funds Asset Management Consulting Best FRM Exam Study Materials To prepare for the FRM exam, it's essential to use the best study materials. Some of the most reputable study resources include: GARP (official study material) Kaplan Schweser AnalystPrep Ideal study materials for the FRM exam should include: Comprehensive coverage of the FRM syllabus Practice questions and mock tests Updated and supportive resources Read More :FRM Careers and Beyond: Exploring Job Market, Workplace TrendsFRM Exam : Exam Structure, Date, Exam Windows & GARP Conclusion While the global finance and accounting industry is competitive, professional certifications like FRM can significantly enhance your career prospects. Understanding FRM eligibility is the first step toward becoming a certified risk management professional. To take the FRM exams successfully and become a certified FRM would be easier with the help of the exam preparation providers rather than doing it alone.Once you meet the eligibility criteria, start your FRM exam preparation with the help of expert coaching. NorthStar Academy provides the best guidance under the mentorship of Mr.M.Irfat, study materials, and support to ensure your success in the FRM certification. Contact us on WhatsApp to learn more about our FRM coaching classes and how we can help you achieve your dream career in financial risk management!Trending BlogsCourseLinksACCAACCA vs MBA Which is betterCareer Option after ACCACMA USCMA US Job Opportunities Best CMA booksCPA USCPA Course after Bcom CPA Salary in IndiaEnrolled AgentEnrolled Agent course Job & salaryEnrolled Agent Sample questions Frequently Asked Questions Who is eligible for FRM? You need a high school diploma (10+2) and at least two years of relevant work experience to qualify for the FRM certification. Can I write the FRM exam after the 12th? Yes, you can appear for the FRM exam after completing 12th grade. However, you can only receive the certification once you pass both parts of the exam and fulfill the work experience requirement. Is FRM easier than CFA? The CFA and FRM programs cover different areas. The CFA exam may be easier for those with an investment banking background, while the FRM exam is better suited for those focusing on risk management. How long is the FRM course? The FRM certification can be completed within one to two years, depending on your pace and preparation. NorthStar Academy offers a structured approach to help you complete it efficiently. What is the salary for FRMs? The average salary for FRMs in India is around INR 8 LPA, with top employers offering higher salaries based on experience and expertise.
