FRM vs MBA in Finance: MBA or FRM & Career in Finance Sections Covered FRM (Financial Risk Manager) MBA (Master of Business Administration) FRM vs MBA Finance Which One Should You Choose? FRM Vs MBA Finance: Exam Dates FRM Vs MBA Finance: Cost MBA Finance FRM Vs MBA Finance: Job Opportunities FRM Vs MBA Finance: Employers & Salary Conclusion Schedule a call The vast world of finance presents numerous job opportunities. These opportunities are increasing rapidly due to globalization. Companies significantly rely on finance professionals to handle their economic affairs. However, today, employers seek highly qualified individuals. A mere graduation degree might not be sufficient to land a suitable job. This is because conventional graduation degrees mainly focus on theoretical learning.To gain a competitive edge, you must pursue higher studies, such as an MBA in Finance, after graduation. However, you can acquire the necessary skills and knowledge right after high school as well. Professional certification courses like the FRM can help you with this. So, when it comes to FRM vs MBA Finance, which one should you choose?Theoretical insights are no longer enough to tackle the complexities of modern finance. Students need practical skills and knowledge to thrive in this dynamic industry. This is where professional certification courses stand out as the best options. These courses provide essential skills and knowledge in a shorter time frame. Additionally, they do not follow conventional syllabuses but instead offer advanced and industry-relevant content. Students often find themselves stuck in the debate—FRM vs MBA Finance. Both courses offer distinct advantages, but one may be more beneficial than the other. Continue reading to determine the best choice for your career.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 FRM (Financial Risk Manager) The Global Association of Risk Professionals (GARP) presents this esteemed course. It is the best risk management certification course designed to equip candidates with the expertise needed for decision-making in risk management. To obtain this certification, candidates must pass a two-part examination.The FRM course is recognized in over 195 countries and territories. GARP has a global network of over 80,000 members. Becoming an FRM makes you a part of this widespread professional community.Pros Enhances Skills and Knowledge The most compelling reason to pursue the FRM course is that it enhances your practical skills and knowledge. It covers advanced subjects, real-life case studies, and industry tools to help you gain hands-on expertise. Enhances Career Prospects FRM professionals have access to a large pool of job opportunities. You can explore various profiles in the field, including financial risk manager roles. Increased Earning Potential Globally recognized certifications often lead to better earning opportunities. The FRM certification allows you to secure positions with top employers offering high salary packages. Cons Low Pass Rate The pass rates for the FRM course range between 40% and 60%. The exams are challenging, but success is achievable with proper preparation. Studying with top institutes like NorthStar can increase your chances of passing. MBA (Master of Business Administration) An MBA in Finance is a traditional postgraduate degree. It is ideal for individuals aspiring to enter the business management field. The course covers areas like management, marketing, finance, and accounting. The MBA program typically spans two years and includes coursework designed to instill strong work ethics in students.Pros Enhances Knowledge The MBA program provides a comprehensive understanding of business operations and challenges in the corporate world. Lucrative Job Options MBA graduates have numerous career opportunities. However, entering the international job market with an MBA alone can be challenging. Cons High Cost MBA programs are expensive. Most students take out loans, and repaying them can be difficult if they do not secure their desired jobs. Lack of Practical Knowledge MBA courses focus mainly on theoretical concepts. As a result, graduates often lack real-world experience and practical skills. Time Commitment An MBA program typically requires two years of full-time dedication. FRM vs MBA Finance Choosing between FRM and MBA Finance requires careful comparison. A thorough evaluation of both programs is essential to making an informed decision. Below is a detailed comparison: FRM vs MBA Finance: EligibilityCriteriaFRMMBA FinanceEducational QualificationHigh school diploma or 10+2Undergraduate degree in any disciplineMinimum Aggregate RequirementNot specifiedVaries by instituteFRM vs MBA Finance: ExaminationExamFRMMBAStructureTwo parts (100 MCQs in Part 1, 80 MCQs in Part 2)Entrance exams like CAT, XAT, SNAP, CMAT, MAT, NMATSubjects CoveredRisk management, financial markets, quantitative analysisReading comprehension, verbal ability, quantitative ability, logical reasoning, data interpretationFRM vs MBA Finance: Exam StructureAspectFRMMBAExam FormatComputer-based testComputer-based test (CAT is a 3-hour exam)Passing CriteriaEqual weightage for all MCQsSectional and overall cut-offs requiredRead More :Exploring Job Opportunities and FRM SalaryFRM Careers : Exploring Job Sectors, Employers, Trends, and Beyond Which One Should You Choose? Your choice between FRM and MBA Finance depends on your career goals. If you want to specialize in risk management and financial analysis, FRM is the best choice. If you prefer a broader understanding of business, finance, and management, MBA Finance is a better option. Both certifications offer great opportunities, but the decision should align with your professional aspirations and financial investment capability. FRM Vs MBA Finance: Exam Dates FRMExam WindowPart 1Part 2May, 202411th May - 17th May12th May - 22nd MayAugust, 20249th August - 10th August9th August - 10th AugustNovember, 20249th November - 15th November16th November - 19th NovemberMBA Finance Every year CAT is usually conducted between August and November. Other MBA entrance exams’ dates vary. FRM Vs MBA Finance: Cost FRM Course Fees for Part 1 New Candidates Enrolment Fee: $400 Exam Fee: $600 - $800 Total: $1000 - $1200 Returning Candidates Exam Fee: $600- $800 Total: $600- $800 FRM Course Fees for Part 2 Exam Fee: $600- $800 MBA Finance The cost for MBA Finance ranges between one and twenty lakhs. FRM Vs MBA Finance: Job Opportunities FRM Treasury Risk Manager Credit Risk Manager Risk Analyst Market Risk Manager Investment Analyst Quantitative Analyst Portfolio Manager Claims Manager MBA Finance Cash Manager Accounts Manager Consulting Manager Finance Officers & Treasurers Investment Manager Risk Manager Business Intelligence Analyst Corporate Controllers FRM Vs MBA Finance: Employers & Salary FRMTop employers worldwide hire FRMs. This accreditation is your direct pass to entering the global job market and offers quick career advancement. On average, freshers with FRM certification earn around INR 8 LPA. Their remuneration goes much higher with increasing experience. MBA Reputable companies look for MBA graduates. However, you must have a degree from a top college to get a high-paying job. The average income for MBA graduates is INR 8 LPA in India. Read More :FRM Careers and Beyond: Exploring Job Market, Workplace TrendsFRM Exam : Exam Structure, Date, Exam Windows & GARP Conclusion The world of higher education offers a wide range of courses, ensuring that you can find one that aligns with your career goals and learning preferences. However, with so many options available, making the right choice can be overwhelming. When it comes to FRM vs. MBA Finance, a thorough comparison is essential to determine which path suits you best.Whichever course you choose, starting your preparation early is key to success. If you’re considering Financial Risk Management (FRM), NorthStar Academy is your ideal destination. We provide comprehensive FRM courses designed to help you succeed, led by M Irfat Sir and a team of expert mentors. Our structured curriculum and dedicated faculty ensure that you achieve your certification in the shortest time possible.Don't wait—start your FRM journey with us today! Contact us on WhatsApp to learn more about our programs and how we can help you excel in the finance industry.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 Is FRM equivalent to a Masters degree? In most countries, FRM is considered equivalent to a master's Degree. The FRM course offers advanced knowledge and is regarded as a higher education programme. Students pursue this course to enhance their skills and get better job opportunities. What is the salary for an FRM and MBA in Finance? FRMs, in their initial stages, earn around INR 8 LPA in India. Their salary increases with time and experience. Also, if FRMs work abroad, they get much higher salaries. MBA graduates earn around INR 8 LPA in India. However, they earn this much only when they graduate from a reputed college.
