In case, you have a wish to challenge yourself by solving financial risks then becoming a certified FRM holder is definitely the right career option for you. In a world where education is gaining great significance, super-specializations are the way to go.
For people in the Finance industry, FRM is one of the courses that can assist you to land the right job. However, if you are planning your future in this field then joining one of the topmost FRM classes in Mumbai can help you to a great extent.
In this blog, you will know everything about FRM right from its eligibility, fees, exam patterns as well as salary.
What is FRM?
Financial Risk Management is a professional designation given by the worldwide Association of Risk Professionals (GARP). Students who finish their FRM certification program efficaciously within the given duration are awarded as certified FRM by GARP.
FRM Course eligibility
It is necessary for you to know that there are no basic criteria to undertake the FRM examinations. A student in the first year of graduation is also even eligible to appear for the FRM Part 1 exam.
But remember there are some criteria that need to be fulfilled for obtaining the FRM certificate. In order to be eligible to get qualified as a Financial Risk Manager, the following criteria must be followed:
- You need to qualify for Level 1 and 2 of the FRM Program, within 4 years of applying for the Part 1 exam.
- You must also have relevant work experience in risk profile for a minimum of 2 years that too within 5 years of clearing part 2 exam.
Fee structure for FRM certification
The assessed financial risk management certification fee structure has been mentioned below. All you need to do is make use of the below points and understand the application as well as the examination fee structure for 2 papers.
To have an idea of the FRM certification fees, below-stated is the fee structure:
- Early registration: $825
- Standard registration: $950
- Late registration: $1125
- Early registration: $350
- Standard registration: $475
- Late registration: $650
For the exam of FRM certification, there is no fee but candidates must pay the fee for registration which will be taken in the amount of the exam as stated above. Candidates are allowed to register for the exam in an online mode only. However, you can expect the registration procedure on the dates of continuity months.
You need to know that the FRM exams both parts are held at least twice a year i.e., once on the third Saturday in May month and second in November. You can appear for both the parts on the same day.
Although, it is not suggested due to the enormity of the syllabus. However, an applicant can clear both levels of the exam within the time period of one year. Total 100 MCQs come in both FRM parts I and II that needs to be solved within 4 hours.
Candidates must know about the exam pattern ad concepts as well as theories that are indulged under risk management and what should be included in a risk manager’s everyday work.
Students who have an FRM certificate are capable of earning the average salary in India is INR 900,000. The salary for FRM professional and experienced candidates is even more when compared to the salary amount of fresher.
So, without any further delay join the FRM course in Mumbai today at Its Concepts.