FRM Classes in Laxmi Nagar

Financial Risk Manager (FRM®) is a professional designation awarded by the Global Association of Risk Professionals (GARP) to the candidates who successfully complete this certification program. It is a globally recognized standard for those who manage risk.

FRM® Certification Requirements

There are no educational or professional requirements to appear for the FRM® Exam. In order to become a Certified Financial Risk Manager after passing the FRM® Exam Part I & II, candidates must demonstrate a minimum of two years of risk-related full-time professional experience positions including portfolio management, risk consulting, and other fields

Industries Employing Certified FRM®’s

Candidates for the FRM® designation work in any number of industries, including:

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

FRM® Exam Overview and Registration Guide

To become a Certified FRM®, candidates must pass the very difficult FRM® exam. Candidates also have to complete two years of work experience.

  • The FRM® Exam tests collective knowledge, and everything being tested on Part I of the exam is necessary for Part II.
  • After successfully passing Part I of the Exam, GARP allows 4 years for candidates to pass Part 2 of the exam.
  • In order to become certified, GARP allows five years for candidates to complete their work experience requirement after they have passed both parts of the Exam.

Exam Dates

Both Parts of the FRM® Exam are offered two times per year on the third Saturday of May and November.

  • Part I of the Exam, which is offered in the morning, consists of 100 equally weighted multiple-choice questions. Part II of the Exam consists of 80 equally weighted multiple-choice questions, and is offered in the afternoon.
  • GARP allows four hours for candidates to complete Part I of the Exam and four hours to complete Part II of the exam.
  • FRM® Exam candidates must pass Part I before they can take Part II. GARP does allow candidates to sit for both Part I and Part II of the FRM® Exam on the same day, however, they must pass Part I before their Part II exam will be graded.
  • Most FRM® Exam candidates choose to take Part I and Part II on separate exam days.

FRM® Exam Overview and Registration Guide

frm-exam-v3

To become a Certified FRM®, candidates must pass the very difficult FRM® exam. Candidates also have to complete two years of work experience.

  • The FRM® Exam tests collective knowledge, and everything being tested on Part I of the exam is necessary for Part II.
  • After successfully passing Part I of the Exam, GARP allows 4 years for candidates to pass Part 2 of the exam.
  • In order to become certified, GARP allows five years for candidates to complete their work experience requirement after they have passed both parts of the Exam.

GARP updates the FRM® Curriculum each year in order to reflect the most up-to-date trends in the financial markets.

The annual update is not well understood by all candidates. For example, the FRM® Exam updates more aggressively than the CFA. This has an important implication: the Exam is less predictable; formula and rote memorization are less reliable (because old questions are less likely to repeat), and the assigned syllabus (including the Learning Objectives) does not necessarily contain exact and literal pointers to exam questions.

The Two Parts of the FRM® Exam

Both Parts of the FRM® Exam are offered two times per year on the third Saturday of May and November.

  • Part I of the Exam, which is offered in the morning, consists of 100 equally weighted multiple-choice questions. Part II of the Exam consists of 80 equally weighted multiple-choice questions, and is offered in the afternoon.
  • GARP allows four hours for candidates to complete Part I of the Exam and four hours to complete Part II of the exam.
  • FRM® Exam candidates must pass Part I before they can take Part II. GARP does allow candidates to sit for both Part I and Part II of the FRM® Exam on the same day, however, they must pass Part I before their Part II exam will be graded.
  • Most FRM® Exam candidates choose to take Part I and Part II on separate exam days.

Part I – Tools Used to Assess Financial Risk

  • Quantitative analysis
  • Fundamental risk management concepts
  • Financial markets and products
  • Valuation and risk models

Part 2 – Application of the Tools

  • Market risk management
  • Credit risk management
  • Operational and integrated risk management; including the Basel regulatory framework
  • Investment risk management

Which Is More Valuable, FRM® or CFA®?

This is an excellent question—both credentials hold great value for those professional for whom they’re suited. In general, the CFA charter is more generalist in its focus and targeted toward a broad range of financial professionals. As mentioned, the FRM® designation is highly specialized and there are far fewer FRM®s than FRM®s in the world, which in itself brings a lot of value to the credential. The costs of completing the FRM® Program are lower to complete both parts of the FRM® Exam on the first try.

Who Should Take the FRM® Exam?

The FRM® examinations are difficult and most candidates are working full-time whilst studying. According to GARP, the May 2018 pass rate for Part I was just 41% while Part II saw roughly 53% pass. The FRM® designation is highly specialized and makes the most sense for risk professionals or those with a deep interest in assessing managing risk on behalf of accounting firms, banks, insurance companies, consulting firms, asset management companies, and regulatory agencies.

What Finominal Education™ offer

This FRM® Part 1 training course is prep course with 170+ hours of Class room training. FRM® Level 1 prep course is best suited for students and professionals who want to –

  • Pass FRM® Level 1 covering every basic concept
  • Complement current FRM® Classroom coaching with better video-based understanding of the curriculum
  • 8 Mock Test and 4 Complete Mock exams
  • Topic wise study material is provided in the form of presentations
  • Personal attention to every student

Let’s jump into the details of the Finominal Education™ Course offerings.

S. No Modules Hours  
1 Quantitative analysis 40  
2 Fundamental risk management concepts 30  
3 Financial markets and products 50  
4 Valuation and risk models 50  
5 Video Recording 90  
  Total Hours 250  

FRM® does not endorse, promote, or warrant the accuracy or quality of the products or services offered by Finominal Education™. FRM® are trademarks owned by GARP