После внесения регистрационного взноса и оплаты FRM exam 1, открывается доступ к учебным материалам GARP. Однако, все учебники необходимо покупать. Электронные версии учебников обойдутся в 250$. При желании можно заказать бумажные книги для обучения на сертификат FRM, стоимость составляет 300$ плюс доставка.
На сайте предоставлен список необходимых материалов для чтения и дополнительные нормативно-правовые акты. В процессе подготовки к экзамену FRM будут предоставляться, так называемые, модули. Они помогут лучше ориентироваться в материале и применять его на практике.
GARP имеет базу сторонних поставщиков учебных материалов и онлайн или офлайн курсов. Несмотря на то, что Ассоциация вносит в этот список не всех желающих, ответственности за качество предоставленных материалов она не несет.
Kaplan-Schwezer предлагают учебники и курсы для обучения и для этой программы. Материал неплохо изложен и многие обучающие центры пользуются книгами этого производителя. Для самостоятельного обучения также можно использовать эти материалы. В Интернете есть видео материалы, которые освещают отдельные темы. Такими ресурсами пользоваться полезно, но в том случае, если тема вызывает затруднения и нужно лучше в ней разобраться.
Преимущество официальных учебников FRM в том, что каждый год они подстраиваются под изменения в программе тестов. Так как управление рисками — динамичная дисциплина, и каждый год добавляет новые детали, то изменения порой вносятся значительные. Так быстро сторонние организации могут не отреагировать, и есть вариант попасть на старые материалы.
Что касается подготовки к экзамену — первое, что должно присутствовать у кандидата на звание Financial Risk Manager – дисциплина. Приступать к изучению надо минимум за 4 месяца до теста. Всего подготовка к FRM part 1 займет от 300 до 400 часов.
Заниматься следует каждый день по 1,5-2 часа. Без выходных и праздников. Это сложный путь, однако, только он приведет к успеху. Есть хорошая новость – экзамена всего два и минимальное время для получения сертификата FRM часть 1 всего год, так как каждая часть сдается сейчас два-три раза в год.
Практические занятия следует выполнять после каждой пройденной темы и после полного прохождения курса. Всего рекомендуется повторить весь курс три раза. После третьего можно пробовать силы в пробных экзаменах. Они представлены и на сайте GARP и у других организаций, предлагающих обучение. Важно попробовать свои силы и распределить время ответов на вопросы. В FRM part 1 100 вопросов и четыре часа времени. Стоит отметить, что время на посещение туалета или перерыв на обед не будет отниматься от общего.
Нужно много времени уделять решению задач с использованием разрешенного калькулятора. Пользоваться во время подготовки компьютерными программами неправильно, так как в процессе теста нужно будет быстро считать именно на разрешенном калькуляторе.
Современный этап развития международного финансового сообщества выдвигает проблему управления рисками в число самых приоритетных.
Более того, не без оснований можно утверждать, что в постоянно усложняющемся и взаимозависимом мире финансовых рынков и продуктов шанс на успех имеют только те организации, которые могут контролировать свои риски и эффективно ими управлять. Риск-менеджмент необходим работникам казначейств, менеджерам по управлению портфелем, специалистам по контролю за рисками и управлению ими. Сегодня особое внимание уделяется задаче управления консолидированным финансовым риском, что объясняется рядом серьезных изменений, произошедших за последние пять-десять лет на мировых финансовых рынках.
В этой связи актуальной становится задача подготовки специалистов, способных учитывать при принятии решений риски, возникающие во всех областях деятельности компании или финансового института. Сертификат FRM (Financial Risk Manager) является единственным международным стандартом, подтверждающим квалификацию специалистов по управлению финансовыми рисками. Сертификат подтверждает умение пользоваться аналитическим аппаратом, знание финансовых инструментов, моделей динамики рынков, методик оценки рисков и способов управления ими, требований регуляторов рынка.
Впервые экзамен FRM состоялся в 1997 году, тогда сертификат получили около 40 специалистов. В 2000 году сертификат FRM получили уже более 500 риск-менеджеров.
В России экзамен FRM впервые был проведен 18 ноября 2000г. Экзамен проводился «Международной Ассоциацией Специалистов по Управлению Рисками» (Global Association of Risk Professionals — GARP)
Тестирование проходили 13 зарегистрированных российских соискателей международного сертификата FRM, представители таких организаций, как Сбербанк, Внешторгбанк, Банк Москвы, Международный Московский Банк. Сертификат FRM получили 4 соискателя. Исследовательская группа «РЭА-Риск-менеджмент» являясь уполномоченной GARP организацией по проведению этого экзамена в России осуществила комплексную программу подготовки, включающую практические и лекционные занятия.
Требования к кандидатам для получения сертификата FRM
Кандидаты, желающие получить квалификационный сертификат FRM, должны:
- Принимать активное участие в деятельности GARP.
- Иметь как минимум два года стажа практической работы в области финансового риск-менеджмента или другой смежной области (торговля ценными бумагами, управление портфелем, научные и прикладные исследования, аудит, риск-консалтинг и/или риск-технологии и др.)
- Оплатить стоимость экзамена.
- Набрать достаточное количество баллов на экзамене FRM.
Порядок проведения экзамена FRM
Экзамен проходит один раз в год, обычно в октябре, одновременно во многих городах мира. Экзамен проводится в Бостоне, Чикаго, Франкфурте, Гонг Конге, Куала Лумпуре, Лондоне, Нью Йорке, Сеуле, Сингапуре, Сиднее, Цюрихе и других городах мира. В 2000 году впервые экзамен FRM проводился в Москве.
Экзамен проводится следующим образом: экзаменуемому предлагается от 130 до 200 вопросов на английском языке с вариантами ответов на них. Экзамен состоит из двух сессий по два с половиной часа с часовым перерывом.
В процессе экзамена допускается использование англо-русского словаря и калькулятора.
ФОНД «ИФРУ» является единственным представителем международной ассоциации GARP (Global Associations of Risk Professionals) в России по проведению международного экзамена FRM (Financial Risk Manager).
В нашем магазине Вы можете купить калькуляторы, разрешенные на экзамене Financial Risk Management (FRM) в разделе ФИНАНСОВЫЕ
Программа подготовки к сдаче квалификационного экзамена первого уровня на сертификат FRM® (Financial Risk Manager® )
с 29 февраля 2020
по 26 апреля 2020
8 суббот и 3 воскресенья
11.00 – 18.50
Что такое FRM?
Financial Risk Manager® (FRM®) — признанный на каждом крупном рынке, является ведущей сертификацией для риск-менеджеров. Он постоянно востребован почти всеми крупными банками и фирмами в мире и присуждается только профессионалам, которые демонстрируют знания и способность предвидеть, реагировать и адаптироваться к критическим проблемам риска.
Узнаваемость и признание
Financial Risk Manager (FRM) — одно из самых авторитетных званий в области управления рисками.
Высокая квалификация
Сертификат FRM — это международный профессиональный сертификат для финансовых риск менеджеров, принимаемый во всем мире как доказательство профессиональной компетентности в области управления рисками.
Знания и навыки
Программа FRM нацелена на освоение следующих разделов: основы управления финансовыми рисками, количественный анализ (математики и статистика), рыночный риск, кредитный риск, операционный риск, управление рисками при управлении инвестициями, моделирование рисков, текущие проблемы финансовых рынков.
Сообщество профессионалов
Степень FRM позволяет присоединиться к сообществу уважаемых профессионалов в области инвестиций (свыше 325 000 по всему миру), а также получить доступ к их опыту, связям и ресурсам.
Что входит в программу экзамена FRM Part I?
Программа FRM нацелена на освоение следующих разделов:
- основы управления финансовыми рисками,
- количественный анализ (математики и статистика),
- рыночный риск,
- кредитный риск,
- операционный риск,
- управление рисками при управлении инвестициями,
- моделирование рисков,
- текущие проблемы финансовых рынков.
Курс покрывает все разделы (4 topics of FRM® Part I syllabus) программы FRM® Part I.
Подготовка
Слушатели перед занятием получают в электронном виде материал для прочтения.
Занятие
На занятии преподаватель подробно разбирает материал и отвечает на вопросы.
Регулярно на занятиях проводятся тесты, основанные на разобранных материалах.
Домашнее задание
После очных занятий слушатели должны решить тесты в онлайне.
Обсуждение
Вопросы, которые остались у слушателя после очных занятий или возникли при решении домашнего задания, обсуждаются в закрытом чате в Slack.
Наши преподаватели
Сочетание фундаментального образования
и многолетней практики
Андрей Михайлович
Данькин
CFA, FRM
Текущее место работы: Murex, менеджер.
Сертификаты/аттестаты: CFA, FRM.
Образование: механико-математический факультет МГУ имени М.В. Ломоносова.
Александр Ильич
Карпов
CFA
Текущее место работы: WorldQuant, консультант; НИУ ВШЭ, заместитель директора.
Сертификаты/аттестаты: CFA, ФСФР 1.0, ФСФР 5.0.
Образование: Финансовый университет при Правительстве РФ.
Григорий Александрович
Кессених
CFA, FRM
Текущее место работы: арбитражный управляющий.
Сертификаты/аттестаты: CFA, FRM, ФСФР 1.0, ФСФР 5.0.
Образование: физический факультет МГУ имени М. В. Ломоносова.
Сергей Георгиевич
Кобельков
кандидат физико-математических наук
Текущее место работы: лаборатория теории вероятностей механико-математического факультета МГУ.
Образование: механико-математический факультет МГУ имени М.В. Ломоносова.
Артем Геннадьевич
Баулин
FRM
Текущее место работы: VTB Capital, риск-аналитик.
Сертификаты/аттестаты: FRM.
Образование: высшая школа экономики (Национальный исследовательский университет).
Максим Михайлович
Журавлев
FRM, CFA
Текущее место работы: Тинькофф Инвестиции, руководитель департамента риск менеджмента.
Сертификаты/аттестаты: FRM, CFA.
Образование: высшая школа экономики (Национальный исследовательский университет).
Марина Юрьевна
Климович
FRM
Текущее место работы: Сбербанк, управляющий директор.
Сертификаты/аттестаты: FRM, CFA level III candidate.
Образование:механико-математический факультет МГУ имени М.В. Ломоносова.
Александр Михайлович Дьяченко
FRM, кандидат физико-математических наук
Текущее место работы: KPMG, менеджер.
Сертификаты/аттестаты: FRM.
Образование:механико-математический факультет МГУ имени М.В. Ломоносова.
Ирина Борисовна
Оляева
Текущее место работы: ВТБ, управляющий проектами;.
Сертификаты/аттестаты: CFA level I passed, ФСФР 1.0, ФСФР 5.0.
Образование:механико-математический факультет МГУ имени М.В. Ломоносова.
Кто у нас учится
Нашу программу по подготовке к экзамену
FRM Part I закончили сотрудники банков, инвестиционных компаний,
а также студенты крупнейших вузов.
Какие документы я получу после окончания курса?
После успешного прохождения обучения вы получаете
- удостоверение о повышении квалификации установленного образца, если у Вас есть высшее образование или Вы студент выпускного курса;
- сертификат о прохождении обучения, если Вы учитесь на младших курсах.
65 000 рублей
Для новых слушателей.
30 000 рублей
Для слушателей, которые прошли обучение на нашей программе подготовки к CFA Level I.
6 400 рублей
Для слушателей, прошедших обучение на нашей программе FRM Part I и желающих прослушать курс повторно.
Запись на обучение Нажимая кнопку «записаться» даю согласие на обработку моих персональных данных. |
Часто задаваемые вопросы
Да, если Вы планируете в ближайшее время сдавать квалификационный экзамен первого уровня на сертификат FRM, либо для продвижения по карьерной лестнице Вам нужно структурировать имеющиеся и получить новые знания в области управления рисками.
Обучение идет на русском языке. Но учебные материалы составлены на английском языке. Это помогает лучше понимать специальную терминологию и привыкнуть к формату официального экзамена FRM.
Итоговая аттестация проходит в виде письменного теста, максимально приближенного по форме к официальному экзамену — 100 вопросов на 4 часа.
После успешного прохождения обучения вы получаете
- удостоверение о повышении квалификации установленного образца, если у Вас уже есть высшее образование или Вы студент выпускного курса;
- сертификат о прохождении обучения, если Вы учитесь на младших курсах.
Управление рисками
Сделай управление рисками своим преимуществом
Подготовка к международному экзамену FRM (GARP)
Возьми риски под контроль
Международный сертификат FRM – доказательство профессиональной компетентности в области управления рисками, деньгами или инвестициями. Глубокие знания финансовых инструментов и комплексные концепции финансовых рисков, которые однозначно выделяют Вас среди конкурентов. Вы станете квалифицированным специалистом в управлении рисками, способным координировать перспективы успешной реализации проектов.
FRM-специалисты определяют риск, анализируя финансовые рынки и глобальную среду, чтобы предсказать изменения или тенденции. Роль FRM заключается в разработке стратегий по противодействию воздействию потенциальных рисков.
Экзамен признан более чем в 90 странах и предназначен для оценки способности менеджера по финансовым рискам управлять рисками в глобальной среде.
Стань профессионалом в финансовых рисках
Подходит всем, кто работает в оценке рисков для крупных банков, страховых компаний, бухгалтерских фирм, регулирующих органов и фирм по управлению активами и хочет совершенствовать свои профессиональные навыки. Сертификат позволяет работать в зарубежных компаниях на аналогичных позициях, избавляет от необходимости получения лишних сертификатов. Менеджеры по финансовым рискам (FRM) получают аккредитацию Глобальной ассоциации профессионалов в области рисков (GARP). FRM признается ЦБ РФ, что повышает статус обладателя на профессиональном рынке.
Преимущества сертификата:
- Международная карьера в области управления финансовыми рисками
- Доступ к сетевым возможностям с другими FRM
- Сертификация с растущим интересом и доверием
- Программа FRM следует основным стратегическим дисциплинам управления рисками: рыночный риск, кредитный риск, операционный риск и управление инвестициями.
- FRM остается старейшей и самой известной квалификацией в области риск-менеджмента
- Квалификация FRM является эквивалентом магистерской степени и сопоставима с MBA-Финансы во многих странах
№ | Тема | Вес на одном экзамене | Общий вес за весь курс | Часы (всего 80) |
---|---|---|---|---|
1.1 | Foundations of Risk Management | 20% | 10% | 8 |
1.2 | Quantitative Analysis | 20% | 10% | 8 |
1.3 | Financial Markets and Products | 30% | 15% | 12 |
1.4 | Valuation and Risk Models | 30% | 15% | 12 |
2.1 | Market Risk Measurement and Management | 20% | 10% | 8 |
2.2 | Credit Risk Measurement and Management | 20% | 10% | 8 |
2.3 | Operational Risk and Resiliency | 20% | 10% | 8 |
2.4 | Liquidity and Treasury Risk Measurement and Management | 15% | 8% | 6 |
2.5 | Risk Management and Investment Management | 15% | 8% | 6 |
2.6 | Current Issues in Financial Markets | 10% | 5% | 4 |
АНО ДПО “Институт фондового рынка и управления”
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In the wake of the 2008 financial crisis, the demand for certified Financial Risk Managers (FRM) has skyrocketed. In anticipation of future calamities, banks, corporations, hedge funds, and portfolio managers have become more risk-centric, attracting greater numbers to FRM certification.
However, the challenging two-part exam has proven to be an obstacle for many, with more than half failing to clear the first part on their first attempt. For those who manage to clear that hurdle, full FRM certification can only be achieved after two years of work experience in financial risk management.
Considering the time commitment and cost of going through the FRM certification process, the stakes for aspiring risk managers couldn’t be higher. Anyone who has been through the process will tell you that the only way to mitigate the risk of failure is with a solid, well-designed FRM exam prep course. We reviewed 12 exam prep course providers to identify the very best in five different categories.
The 5 Best FRM Exam Prep Courses of 2023
-
Best Overall:
Bionic Turtle
-
Best Learning Platform:
Wiley Efficient Learning
-
Best Comprehensive Premium Package:
Kaplan Schweser
-
Best Value Premium Package:
AnalystPrep
-
Best Low-Cost All-Inclusive Package:
ApnaCourse
Best Overall
:
Bionic Turtle
With its resource-rich e-learning platform, high-quality video tutorials, massive test bank, and more than 65,000-member community forum, Bionic Turtle is our choice as the best overall FRM exam prep course provider.
Pros
-
Singular focus on FRM exam prep
-
Extensive question bank
-
Large interactive community forum
-
Three packages to meet most study needs and learning styles
Bionic Turtle has been perfecting its FRM exam prep course since 2005. With such singular focus over that time, you might expect Bionic Turtle’s FRM materials to be exceptional, if not best-in-class. You would be right, which is why Bionic Turtle makes our list as the best overall FRM exam prep course provider.
Bionic Turtle has been perfecting its FRM exam prep course for 15 years. Its multi-media offering checks all the boxes for candidates looking for the right mix of resources to efficiently and effectively move them down the path to exam preparedness. The course’s cornerstone is the instructional videos with straightforward explanations and visual examples to help students solve exam questions. The videos are accompanied by study notes to guide students through complex quantitative concepts.
Most FRM candidates will tell you that a course’s question bank is a critical component in the study process, and Bionic Turtle’s massive question bank with more than 4,500 questions is a few notches above the rest. The questions, which are continuously updated to match changes to the exam, can be used standalone or to feed a vast number of practice exams. The practice exams and mock exams, which are designed to mimic real testing conditions, are interactive, responding to your answers to track your progress and continuously update your study needs.
Another vital feature sought by FRM candidates is a community forum, where students can engage with one another to brainstorm and commiserate over exam questions. Bionic Turtle’s forum has over 65,000 members discussing 35 test-related topics. Course instructors also dip into the discussions to provide their insight and advice.
Bionic Turtle offers three tiers of courses separately as Part 1 and Part 2, or as a bundle combining both. The Basic course for $249 per year for each part separately ($399 for the bundle) includes full forum access, question bank, study notes, and interactive mock exams.
The Advanced course offered at $349 each for Part 1 and 2 (bundled for $599) adds the instructional videos and interactive quizzes. For $449 each ($799 for the bundle), the Professional course adds focus review videos and the learning spreadsheets. All courses are accessible for one year and can be extended for three months for an additional fee.
One drawback of Bionic Turtle’s courses is they don’t appear to offer a pass guarantee, unlike some of the other providers on this list who allow students to extend their access to course materials as long as needed to pass the exam. However, Bionic Turtle’s pass rate of 73% is substantially higher than the average pass rates on the exams.
Best Learning Platform
:
Wiley Efficient Learning
With its proprietary modular learning platform and all-inclusive toolset, Wiley Efficient Learning makes our list for the FRM exam prep course provider with the best learning platform.
Pros
-
Solid reputation in financial education and exam prep
-
Innovative modular learning format for greater learning efficiency
-
Multi-faceted tool set to match any learning style
-
Mobile app
Having expanded into industry-leading financial content worldwide since its founding in 1807, Wiley is a trusted name in financial education. When it acquired Efficient Learning Systems in 2012, it became an immediate leader in the FRM space as Wiley Efficient Learning (WEL). True to its reputation and name, WEL has created a powerful, easy-to-use learning platform stacked with essential and efficient learning tools, making it our choice as the FRM exam prep course provider with the best learning platform.
WEL’s FRM Self-Study course stands out for its modular format, allowing students to bite off smaller, 30- to 45-minute chunks of the course through video instruction. This enables students to more efficiently plan their study time amid otherwise busy schedules. Each module ends with a practice quizzes to test comprehension and reinforce concepts. An exam planner tracks students’ progress through the modules and testing to help them stay on track.
The course, which is also supported by a Wiley study manual in print or online formats, layers on 40+ pages of formula sheets, flashcards, note-taking tools, and real-time analytics to help guide students to areas that need additional study.
One drawback of the course is it only offers one mock exam, but it is full-length and designed to closely simulate the actual exam. However, students have access to plenty of practice exam questions throughout the course.
Students can also access a free mobile app to view 12+ hours of video lectures, practice with 450+ exam questions, and flag questions for review, all synced to their online dashboard.
WEL also offers reliable student support in the form of one-on-one mentoring and an interactive community message forum that includes study groups.
At $295 (each for Parts 1 and 2), the WEL study course is a good value, made even better by its «pay once» guarantee. Students only pay once for continuous access until they pass.
Best Comprehensive Premium Package
:
Kaplan Schweser
By adding OnDemand online instruction to its feature-packed Premium Packages, Kaplan Schweser makes our list as the FRM exam prep course provider with the best comprehensive premium package.
Pros
-
Long track record of successful exam prep
-
Comprehensive list of offerings for any learning style
-
Robust question bank and practice test application
-
Pass guarantee
Cons
-
Only sells Parts 1 & 2 separately
Kaplan Financial has been a standard-bearer in financial education for more than five decades. But, when it acquired the Schweser Study Program in 1999, it became one of the best exam prep course providers for the CFA and FRM exams. Anyone who has taken one of Kaplan’s securities exam prep courses knows how comprehensive those offerings are. For the more challenging FRM exam, Kaplan has stepped up again with a resource-rich package that includes 30 hours of online learning, a robust question bank, ability to build quizzes, all backed by reliable instructor support, and a pass guarantee.
In addition to the online courses, Kaplan provides multiple tools to enhance learning, including the SchweserPro QBank™ containing hundreds of questions to fuel numerous practice quizzes. The Premium packages also feature online OnDemand workshops, online mock exams, and a resource library. Along the way, students can take check-in exams to track their progress and refocus their efforts on areas that need improvement.
While the Premium Package includes all these tools, the Essential Package excludes the online review workshop and online mock exams. Kaplan prices its courses a little differently than other providers, choosing to offer Parts 1 and 2 courses as separate packages instead of offering them as a bundle. The all-inclusive Premium Package goes for $799, while the Essential Package costs $399. Understanding what they’re up against, many students would be happy to pay the extra $400 for the extra help, plus Kaplan offers zero percent financing.
All of Kaplan’s FRM courses, including the $399 Essentials Package, include a pass guarantee, whereby, if they don’t clear the FRM exam on their first attempt, Kaplan will cover the cost of the next study round. While Kaplan doesn’t publish a pass rate for the FRM exam, it does state that 95% of its students would recommend the course.
Best Value Premium Package
:
AnalystPrep
With its massive question bank, unlimited practice quizzes, video library, community forum access, private tutoring, mock exams, and downloadable notes and lessons, AnalystPrep has one of the most stacked premium packages at a reasonable cost, making it our choice as the best value premium package.
Pros
-
Lifetime access to course materials
-
Big bang for the buck
-
Vast video library
-
Extensive question bank plus unlimited practice quizzes
-
Private tutors
Cons
-
No online instruction
Founded in 2014, AnalystPrep is one of the newest exam prep course providers. But, what it might lack in operational experience, it more than makes up for with an innovative, feature-rich learning platform selling at a reasonable price, which is why it is our choice as the best value premium package.
Most FRM candidates would find tremendous value in AnalystPrep’s massive question bank with more than 3,000 questions to feed an unlimited number of practice quizzes. These practice quizzes can be customized with questions from sections or topic areas that need additional study.
When students are ready, they can move on to the mock exams designed to accurately simulate the actual testing experience. The exams can be downloaded and printed, including answers, for studying on the run. Also, utilizing their personal dashboard, students can identify their strong and weak points, helping them gauge where they stand in their study progress.
While users may find AnalystPrep lacking in online instruction, it excels with its vast video library, which is broken down by chapter topics. The high-quality videos are accessed through your personal dashboard or specially curated YouTube channel. Each video is accompanied by efficient summary notes and includes practice quizzes fed by a large bank of questions.
In addition to mobile access to all course materials, students can download materials and practice questions in PDF format to maximize study time anywhere.
For additional support, students have access to private tutors to assist with questions or concepts. Students can access community forums to exchange questions and advice with both students and faculty.
The basic Practice Package for Parts 1 and 2 includes a limited set of materials including the question bank, mock exams, and performance tools for $249 per year. The Learn+ Practice Package for Parts 1 and 2 adds video lessons and study notes at $399 per year. A better value is the bundle that includes both parts for $599. When you enroll in the bundle, you get unlimited lifetime access to your account, which is your guarantee if you fail the exam.
AnalystPrep doesn’t publish a pass rate for its FRM exam students.
Best Low-Cost All-Inclusive Package
:
ApnaCourse
While it may not have all the bells and whistles of other exam prep providers on this list, the ApnaCourse FRM exam prep course has everything students need to prepare successfully at a very reasonable price, making it our choice as the best low-cost all-inclusive package.
Pros
-
Lowest-cost all-inclusive learning platform
-
Three full-length mock exams
-
Interactive forums plus WhatsApp study groups
-
Lifetime access to most course materials
Cons
-
Part 2 course materials are a bit thin
-
No online instruction
Launched in August 2013, ApnaCourse is another relative newcomer to the FRM space. Its FRM course offerings provides students with everything they need to prepare for the FRM exam successfully while leaving out some extraneous features, allowing ApnaCourse to price it at the low end of the spectrum. For that, ApnaCourse is our choice as the best low-cost all-inclusive FRM study package.
Considering that all the top providers include practice and mock exams, hundreds of practice questions, instructional videos, an e-book, and access to community forums, ApnaCourse consists of all of that for $346.67 (Part 1).
Specifically, ApnaCourse includes more than 46 hours of video lectures covering 100 topics, over 71 practice tests, a question bank with more than 300 questions, three full-length mock exams, and an e-book that houses all course materials. The three full-length mock exams alone make this course a pretty good value because many courses only offer one.
Students also have access to an interactive discussion forum with close to 150 threads discussing questions, formulas, and exam tips. For a deeper brainstorming dive, students can join a WhatsApp study group.
At $106.67, the ApnaCourse Part 2 course is even cheaper. However, it’s also a lot thinner in terms of tools. That’s because it is still in the process of being built out. Still, the course includes almost everything students need to prepare, including more than 11 hours of video lectures covering 40 topics, the question bank, flashcards, the interactive discussion forum, and a WhatsApp study group.
Students have 180-day access to the video lectures, but they have lifetime access to all other materials with updates. There’s no formal pass guarantee on the course. ApnaCourse doesn’t publish a pass rate for the FRM exam.
Budget-minded students looking for a no-frills and efficient learning platform at an affordable cost won’t find a better option than ApnaCourse.
What Is the FRM Exam?
The FRM (Financial Risk Management) exam is the first step in Global Association of Risk Professionals’ (GARP) certification process for candidates seeking a career in risk management. The exam is divided into two 4-hour sections.
The first part, with 100 questions, is more general, covering the foundation of risk management, along with quantitative analysis, financial markets and products, and valuation and risk models. With 80 questions, the second part takes a deeper dive into the different types of risk, such as market risk measure and management, credit risk, and operational risk. Candidates must clear both parts of the exam and then work for a minimum of two years in risk management before receiving GARP certification.
Is the FRM Exam Difficult?
The FRM exam is considered one of the more challenging exams in the financial arena. Its subject matter can be dry, which makes it difficult to absorb, and there is a heavy emphasis on quantitative issues, requiring that you master the many formulas.
The questions are multiple-choice, but they can be especially tricky, using double and even triple negatives in their format. Between the two parts of the FRM exam, you have, on average, about 2.6 minutes to answer each question, which can be challenging if you haven’t truly mastered the concepts. That’s why, as GARP reports, the average number of hours students spend studying for each part of the exam is approximately 240 hours. With that investment of time, a well-designed, comprehensive exam prep course generates the best investment return.
The FRM vs. CFA Exam
The closest comparison to the FRM exam is the CFA exam, which is considered one of the more challenging tests one can take in the financial services industry. Many people who have taken both exams say the FRM exam’s difficulty is a notch above the level 1 CFA exam.
The FRM dives deeper into quantitative questions, requiring the mastering of formulas, with more analytical and critical thinking application that goes into decision-making. The CFA curriculum is much more comprehensive but with less focus on the quantitative side. Some consider the level 2 and 3 CFA exams to be more challenging than parts 1 and 2 of the FRM exam, but then it’s not a meaningful comparison.
While the CFA certification leads to a more general application in investments, FRM certification has a more niche application in various types of risk management in the broader financial services arena. Because the two certifications complement each other, it’s not uncommon for some people to seek certification in both, which creates more opportunities.
What Is the Pass Rate of the FRM Exam?
Although GARP does not publish an official FRM exam pass rate, industry research reveals that the long-term average pass rate for FRM Part 1 is 46% and 57% for Part 2.
There is no fixed pass score for the exam, but industry experts estimate that a score of higher than 70% is more than sufficient for passing. Generally, your exam results are measured against other test-takers, and GARP only passes those who scored in the top-two quartiles. When you complete the FRM exam, you are not provided with any score—just a pass/fail—and you won’t receive that until approximately eight weeks following the exam.
If you fail the exam, you can retake it as many times as you need or want. The problem is the exam is only conducted a certain number of times each year, so you could experience a wait time of up to a year to retake the exam. Each retake requires the registration fee payment, which for 2022 is $750 per each part of the exam.
If you clear Part 1, you have four years to successfully clear Part 2. If you don’t clear Part 2 within that time frame, you could be required to re-register for Part 1.
Is an FRM Exam Prep Course Worth the Cost?
Registering for the FRM exam is not inexpensive. In 2022, the cost to register for either Part 1 or Part 2 is $750. Additionally, GARP requires a one-time $400 enrollment fee before registering for your first exam. The best way to protect that $750 investment is with a solid exam prep course, which depending on the course provider and your particular study needs, can cost another more than $105 to close to $800 per part—and double that to cover the cost of exam prep for both parts of the FRM exam.
Because the FRM course is very challenging, it’s recommended that students dig a little deeper for a comprehensive course to maximize the approximately 240 study hours required. Premium courses based on multi-faceted and resource-rich learning platforms range from almost $300 to close to $800, which is worth the cost if you don’t want to spend another 240 study hours and another $750 to register for a retake. Plus, some course providers offer lifetime access to the course materials, saving you money if you need to retake the test.
There are no educational or sponsorship requirements to sit for the exam.
How We Chose the Best FRM Exam Prep Courses
There are many moving parts to the FRM exam and certification process, and the exam is very challenging for most students. That’s why selecting the right FRM exam prep course is especially crucial. Because the stakes are very high, you will need to do your own due diligence in finding the course that best matches your needs. We got the process started for you with this roundup of top FRM exam prep course providers.
Starting with a list of a dozen providers, we considered experience, cost, breadth of study tools, student support, practice testing capabilities, and unique features to narrow the list. We wanted to be sure the courses offered ample lessons and a comprehensive study bank. Preference was given to courses with large networks of support. Based on those attributes, we chose the best providers in five categories—best overall, best learning platform, best comprehensive premium package, best value premium package, and best low-cost package.
Getty Images / alexsl
We recommend the best products through an independent review process, and advertisers do not influence our picks. We may receive compensation if you visit partners we recommend. Read our advertiser disclosure for more info.
In the wake of the 2008 financial crisis, the demand for certified Financial Risk Managers (FRM) has skyrocketed. In anticipation of future calamities, banks, corporations, hedge funds, and portfolio managers have become more risk-centric, attracting greater numbers to FRM certification.
However, the challenging two-part exam has proven to be an obstacle for many, with more than half failing to clear the first part on their first attempt. For those who manage to clear that hurdle, full FRM certification can only be achieved after two years of work experience in financial risk management.
Considering the time commitment and cost of going through the FRM certification process, the stakes for aspiring risk managers couldn’t be higher. Anyone who has been through the process will tell you that the only way to mitigate the risk of failure is with a solid, well-designed FRM exam prep course. We reviewed 12 exam prep course providers to identify the very best in five different categories.
The 5 Best FRM Exam Prep Courses of 2023
-
Best Overall:
Bionic Turtle
-
Best Learning Platform:
Wiley Efficient Learning
-
Best Comprehensive Premium Package:
Kaplan Schweser
-
Best Value Premium Package:
AnalystPrep
-
Best Low-Cost All-Inclusive Package:
ApnaCourse
Best Overall
:
Bionic Turtle
With its resource-rich e-learning platform, high-quality video tutorials, massive test bank, and more than 65,000-member community forum, Bionic Turtle is our choice as the best overall FRM exam prep course provider.
Pros
-
Singular focus on FRM exam prep
-
Extensive question bank
-
Large interactive community forum
-
Three packages to meet most study needs and learning styles
Bionic Turtle has been perfecting its FRM exam prep course since 2005. With such singular focus over that time, you might expect Bionic Turtle’s FRM materials to be exceptional, if not best-in-class. You would be right, which is why Bionic Turtle makes our list as the best overall FRM exam prep course provider.
Bionic Turtle has been perfecting its FRM exam prep course for 15 years. Its multi-media offering checks all the boxes for candidates looking for the right mix of resources to efficiently and effectively move them down the path to exam preparedness. The course’s cornerstone is the instructional videos with straightforward explanations and visual examples to help students solve exam questions. The videos are accompanied by study notes to guide students through complex quantitative concepts.
Most FRM candidates will tell you that a course’s question bank is a critical component in the study process, and Bionic Turtle’s massive question bank with more than 4,500 questions is a few notches above the rest. The questions, which are continuously updated to match changes to the exam, can be used standalone or to feed a vast number of practice exams. The practice exams and mock exams, which are designed to mimic real testing conditions, are interactive, responding to your answers to track your progress and continuously update your study needs.
Another vital feature sought by FRM candidates is a community forum, where students can engage with one another to brainstorm and commiserate over exam questions. Bionic Turtle’s forum has over 65,000 members discussing 35 test-related topics. Course instructors also dip into the discussions to provide their insight and advice.
Bionic Turtle offers three tiers of courses separately as Part 1 and Part 2, or as a bundle combining both. The Basic course for $249 per year for each part separately ($399 for the bundle) includes full forum access, question bank, study notes, and interactive mock exams.
The Advanced course offered at $349 each for Part 1 and 2 (bundled for $599) adds the instructional videos and interactive quizzes. For $449 each ($799 for the bundle), the Professional course adds focus review videos and the learning spreadsheets. All courses are accessible for one year and can be extended for three months for an additional fee.
One drawback of Bionic Turtle’s courses is they don’t appear to offer a pass guarantee, unlike some of the other providers on this list who allow students to extend their access to course materials as long as needed to pass the exam. However, Bionic Turtle’s pass rate of 73% is substantially higher than the average pass rates on the exams.
Best Learning Platform
:
Wiley Efficient Learning
With its proprietary modular learning platform and all-inclusive toolset, Wiley Efficient Learning makes our list for the FRM exam prep course provider with the best learning platform.
Pros
-
Solid reputation in financial education and exam prep
-
Innovative modular learning format for greater learning efficiency
-
Multi-faceted tool set to match any learning style
-
Mobile app
Having expanded into industry-leading financial content worldwide since its founding in 1807, Wiley is a trusted name in financial education. When it acquired Efficient Learning Systems in 2012, it became an immediate leader in the FRM space as Wiley Efficient Learning (WEL). True to its reputation and name, WEL has created a powerful, easy-to-use learning platform stacked with essential and efficient learning tools, making it our choice as the FRM exam prep course provider with the best learning platform.
WEL’s FRM Self-Study course stands out for its modular format, allowing students to bite off smaller, 30- to 45-minute chunks of the course through video instruction. This enables students to more efficiently plan their study time amid otherwise busy schedules. Each module ends with a practice quizzes to test comprehension and reinforce concepts. An exam planner tracks students’ progress through the modules and testing to help them stay on track.
The course, which is also supported by a Wiley study manual in print or online formats, layers on 40+ pages of formula sheets, flashcards, note-taking tools, and real-time analytics to help guide students to areas that need additional study.
One drawback of the course is it only offers one mock exam, but it is full-length and designed to closely simulate the actual exam. However, students have access to plenty of practice exam questions throughout the course.
Students can also access a free mobile app to view 12+ hours of video lectures, practice with 450+ exam questions, and flag questions for review, all synced to their online dashboard.
WEL also offers reliable student support in the form of one-on-one mentoring and an interactive community message forum that includes study groups.
At $295 (each for Parts 1 and 2), the WEL study course is a good value, made even better by its «pay once» guarantee. Students only pay once for continuous access until they pass.
Best Comprehensive Premium Package
:
Kaplan Schweser
By adding OnDemand online instruction to its feature-packed Premium Packages, Kaplan Schweser makes our list as the FRM exam prep course provider with the best comprehensive premium package.
Pros
-
Long track record of successful exam prep
-
Comprehensive list of offerings for any learning style
-
Robust question bank and practice test application
-
Pass guarantee
Cons
-
Only sells Parts 1 & 2 separately
Kaplan Financial has been a standard-bearer in financial education for more than five decades. But, when it acquired the Schweser Study Program in 1999, it became one of the best exam prep course providers for the CFA and FRM exams. Anyone who has taken one of Kaplan’s securities exam prep courses knows how comprehensive those offerings are. For the more challenging FRM exam, Kaplan has stepped up again with a resource-rich package that includes 30 hours of online learning, a robust question bank, ability to build quizzes, all backed by reliable instructor support, and a pass guarantee.
In addition to the online courses, Kaplan provides multiple tools to enhance learning, including the SchweserPro QBank™ containing hundreds of questions to fuel numerous practice quizzes. The Premium packages also feature online OnDemand workshops, online mock exams, and a resource library. Along the way, students can take check-in exams to track their progress and refocus their efforts on areas that need improvement.
While the Premium Package includes all these tools, the Essential Package excludes the online review workshop and online mock exams. Kaplan prices its courses a little differently than other providers, choosing to offer Parts 1 and 2 courses as separate packages instead of offering them as a bundle. The all-inclusive Premium Package goes for $799, while the Essential Package costs $399. Understanding what they’re up against, many students would be happy to pay the extra $400 for the extra help, plus Kaplan offers zero percent financing.
All of Kaplan’s FRM courses, including the $399 Essentials Package, include a pass guarantee, whereby, if they don’t clear the FRM exam on their first attempt, Kaplan will cover the cost of the next study round. While Kaplan doesn’t publish a pass rate for the FRM exam, it does state that 95% of its students would recommend the course.
Best Value Premium Package
:
AnalystPrep
With its massive question bank, unlimited practice quizzes, video library, community forum access, private tutoring, mock exams, and downloadable notes and lessons, AnalystPrep has one of the most stacked premium packages at a reasonable cost, making it our choice as the best value premium package.
Pros
-
Lifetime access to course materials
-
Big bang for the buck
-
Vast video library
-
Extensive question bank plus unlimited practice quizzes
-
Private tutors
Cons
-
No online instruction
Founded in 2014, AnalystPrep is one of the newest exam prep course providers. But, what it might lack in operational experience, it more than makes up for with an innovative, feature-rich learning platform selling at a reasonable price, which is why it is our choice as the best value premium package.
Most FRM candidates would find tremendous value in AnalystPrep’s massive question bank with more than 3,000 questions to feed an unlimited number of practice quizzes. These practice quizzes can be customized with questions from sections or topic areas that need additional study.
When students are ready, they can move on to the mock exams designed to accurately simulate the actual testing experience. The exams can be downloaded and printed, including answers, for studying on the run. Also, utilizing their personal dashboard, students can identify their strong and weak points, helping them gauge where they stand in their study progress.
While users may find AnalystPrep lacking in online instruction, it excels with its vast video library, which is broken down by chapter topics. The high-quality videos are accessed through your personal dashboard or specially curated YouTube channel. Each video is accompanied by efficient summary notes and includes practice quizzes fed by a large bank of questions.
In addition to mobile access to all course materials, students can download materials and practice questions in PDF format to maximize study time anywhere.
For additional support, students have access to private tutors to assist with questions or concepts. Students can access community forums to exchange questions and advice with both students and faculty.
The basic Practice Package for Parts 1 and 2 includes a limited set of materials including the question bank, mock exams, and performance tools for $249 per year. The Learn+ Practice Package for Parts 1 and 2 adds video lessons and study notes at $399 per year. A better value is the bundle that includes both parts for $599. When you enroll in the bundle, you get unlimited lifetime access to your account, which is your guarantee if you fail the exam.
AnalystPrep doesn’t publish a pass rate for its FRM exam students.
Best Low-Cost All-Inclusive Package
:
ApnaCourse
While it may not have all the bells and whistles of other exam prep providers on this list, the ApnaCourse FRM exam prep course has everything students need to prepare successfully at a very reasonable price, making it our choice as the best low-cost all-inclusive package.
Pros
-
Lowest-cost all-inclusive learning platform
-
Three full-length mock exams
-
Interactive forums plus WhatsApp study groups
-
Lifetime access to most course materials
Cons
-
Part 2 course materials are a bit thin
-
No online instruction
Launched in August 2013, ApnaCourse is another relative newcomer to the FRM space. Its FRM course offerings provides students with everything they need to prepare for the FRM exam successfully while leaving out some extraneous features, allowing ApnaCourse to price it at the low end of the spectrum. For that, ApnaCourse is our choice as the best low-cost all-inclusive FRM study package.
Considering that all the top providers include practice and mock exams, hundreds of practice questions, instructional videos, an e-book, and access to community forums, ApnaCourse consists of all of that for $346.67 (Part 1).
Specifically, ApnaCourse includes more than 46 hours of video lectures covering 100 topics, over 71 practice tests, a question bank with more than 300 questions, three full-length mock exams, and an e-book that houses all course materials. The three full-length mock exams alone make this course a pretty good value because many courses only offer one.
Students also have access to an interactive discussion forum with close to 150 threads discussing questions, formulas, and exam tips. For a deeper brainstorming dive, students can join a WhatsApp study group.
At $106.67, the ApnaCourse Part 2 course is even cheaper. However, it’s also a lot thinner in terms of tools. That’s because it is still in the process of being built out. Still, the course includes almost everything students need to prepare, including more than 11 hours of video lectures covering 40 topics, the question bank, flashcards, the interactive discussion forum, and a WhatsApp study group.
Students have 180-day access to the video lectures, but they have lifetime access to all other materials with updates. There’s no formal pass guarantee on the course. ApnaCourse doesn’t publish a pass rate for the FRM exam.
Budget-minded students looking for a no-frills and efficient learning platform at an affordable cost won’t find a better option than ApnaCourse.
What Is the FRM Exam?
The FRM (Financial Risk Management) exam is the first step in Global Association of Risk Professionals’ (GARP) certification process for candidates seeking a career in risk management. The exam is divided into two 4-hour sections.
The first part, with 100 questions, is more general, covering the foundation of risk management, along with quantitative analysis, financial markets and products, and valuation and risk models. With 80 questions, the second part takes a deeper dive into the different types of risk, such as market risk measure and management, credit risk, and operational risk. Candidates must clear both parts of the exam and then work for a minimum of two years in risk management before receiving GARP certification.
Is the FRM Exam Difficult?
The FRM exam is considered one of the more challenging exams in the financial arena. Its subject matter can be dry, which makes it difficult to absorb, and there is a heavy emphasis on quantitative issues, requiring that you master the many formulas.
The questions are multiple-choice, but they can be especially tricky, using double and even triple negatives in their format. Between the two parts of the FRM exam, you have, on average, about 2.6 minutes to answer each question, which can be challenging if you haven’t truly mastered the concepts. That’s why, as GARP reports, the average number of hours students spend studying for each part of the exam is approximately 240 hours. With that investment of time, a well-designed, comprehensive exam prep course generates the best investment return.
The FRM vs. CFA Exam
The closest comparison to the FRM exam is the CFA exam, which is considered one of the more challenging tests one can take in the financial services industry. Many people who have taken both exams say the FRM exam’s difficulty is a notch above the level 1 CFA exam.
The FRM dives deeper into quantitative questions, requiring the mastering of formulas, with more analytical and critical thinking application that goes into decision-making. The CFA curriculum is much more comprehensive but with less focus on the quantitative side. Some consider the level 2 and 3 CFA exams to be more challenging than parts 1 and 2 of the FRM exam, but then it’s not a meaningful comparison.
While the CFA certification leads to a more general application in investments, FRM certification has a more niche application in various types of risk management in the broader financial services arena. Because the two certifications complement each other, it’s not uncommon for some people to seek certification in both, which creates more opportunities.
What Is the Pass Rate of the FRM Exam?
Although GARP does not publish an official FRM exam pass rate, industry research reveals that the long-term average pass rate for FRM Part 1 is 46% and 57% for Part 2.
There is no fixed pass score for the exam, but industry experts estimate that a score of higher than 70% is more than sufficient for passing. Generally, your exam results are measured against other test-takers, and GARP only passes those who scored in the top-two quartiles. When you complete the FRM exam, you are not provided with any score—just a pass/fail—and you won’t receive that until approximately eight weeks following the exam.
If you fail the exam, you can retake it as many times as you need or want. The problem is the exam is only conducted a certain number of times each year, so you could experience a wait time of up to a year to retake the exam. Each retake requires the registration fee payment, which for 2022 is $750 per each part of the exam.
If you clear Part 1, you have four years to successfully clear Part 2. If you don’t clear Part 2 within that time frame, you could be required to re-register for Part 1.
Is an FRM Exam Prep Course Worth the Cost?
Registering for the FRM exam is not inexpensive. In 2022, the cost to register for either Part 1 or Part 2 is $750. Additionally, GARP requires a one-time $400 enrollment fee before registering for your first exam. The best way to protect that $750 investment is with a solid exam prep course, which depending on the course provider and your particular study needs, can cost another more than $105 to close to $800 per part—and double that to cover the cost of exam prep for both parts of the FRM exam.
Because the FRM course is very challenging, it’s recommended that students dig a little deeper for a comprehensive course to maximize the approximately 240 study hours required. Premium courses based on multi-faceted and resource-rich learning platforms range from almost $300 to close to $800, which is worth the cost if you don’t want to spend another 240 study hours and another $750 to register for a retake. Plus, some course providers offer lifetime access to the course materials, saving you money if you need to retake the test.
There are no educational or sponsorship requirements to sit for the exam.
How We Chose the Best FRM Exam Prep Courses
There are many moving parts to the FRM exam and certification process, and the exam is very challenging for most students. That’s why selecting the right FRM exam prep course is especially crucial. Because the stakes are very high, you will need to do your own due diligence in finding the course that best matches your needs. We got the process started for you with this roundup of top FRM exam prep course providers.
Starting with a list of a dozen providers, we considered experience, cost, breadth of study tools, student support, practice testing capabilities, and unique features to narrow the list. We wanted to be sure the courses offered ample lessons and a comprehensive study bank. Preference was given to courses with large networks of support. Based on those attributes, we chose the best providers in five categories—best overall, best learning platform, best comprehensive premium package, best value premium package, and best low-cost package.
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Choose your FRM path today.
Exam registration is open for both our May and August Exams.
About This Program
The FRM is the true standard for educational excellence in risk management and a gateway to achieving new career heights in the risk profession. Be a part of an elite network that spans over 77,000 certified individuals employed at the world’s top banks, asset management firms, consulting firms, and regulators.
Professionals who complete their FRM Certification will:
- Prove they’re able to assess, measure, and monitor risk in real-world situations
- Gain transferrable knowledge applicable across industries and functional roles
- Be in a strong position to improve their job performance and advance their careers
- Join an exclusive global network of top risk managers
The FRM:
Designed to Evolve
When the FRM launched 25 years ago risk management was more of a loosely defined function than a profession. From the beginning GARP made sure the program was shaped by top risk minds, guaranteeing it would evolve to meet the real-world needs of both practitioners and their firms. Risk management took a leap forward following the Global Financial Crisis, and the FRM cemented its status as the gold standard of risk certifications by preparing candidates to succeed in this newly prominent field. We look forward to the challenges of the next 25 years.
2023 Candidate Guide
Download the comprehensive FRM handbook, which includes information about sitting for the Exam, earning the certification, and using the designation to further your career in risk.
Stand Out to Top Employers
FRMs are constantly in demand by the world’s leading companies and banks. Our certified FRMs are currently employed in more than 190 countries and territories worldwide.
TOP 10 COMPANIES EMPLOYING THE MOST FRMs*
- ICBC
- Bank of China
- HSBC
- Agricultural Bank of China
- Citigroup
- KPMG
- Deutsche Bank
- Credit Suisse
- UBS
- PWC
*companies ordered by the number of FRM employees
TOP 10 GLOBAL BANKS EMPLOYING FRMs*
- ICBC
- China Construction Bank
- Agricultural Bank of China
- Bank of China
- JP Morgan Chase
- Wells Fargo
- HSBC
- Citigroup
- Bank of America
- Banco Santander
*banks ordered by the article below
Source: Chen, Liyan. «2015 Global 2000: The World’s Largest Banks.» Forbes. Forbes Magazine, May 6, 2015. Web. July 23, 2015.
Comparable Degree Levels
According to an independent benchmarking study conducted by the UK ENIC (formerly UK NARIC), the FRM is comparable to a master’s degree in ten national and regional educational systems. Based on this highly specialized content, complex candidate requirements, and industry-based curricula, the FRM was deemed equivalent to:
LOCATION |
DEGREE LEVEL |
---|---|
United States | American master’s degree standard |
Canada | Ontario Qualifications Framework Level 12 |
United Kingdom | Regulated Qualifications Framework Level 7 |
European Union | European Qualifications Framework Level 7 |
Hong Kong | Hong Kong Qualifications Framework Level 6 |
Taiwan | Taiwanese master’s degree standard |
Singapore | Singaporean master’s degree standard |
Australia | Australian Qualifications Framework Level 9 |
India | Indian master’s degree standard / National Qualifications Framework Level 9 |
South Africa | National Qualifications Framework Level 9 |
Benefits for Chinese Candidates
The FRM is approved by the Occupational Skill Testing Authority (OSTA) and the Ministry of Human Resources and Social Security (MOHRSS) in China as a National Vocational Qualification Certificate. Over 325,000 people from around the globe have registered for and taken the FRM over the last 20 years, including 9,500 certified FRMs currently employed by every major Chinese financial institution. Upon successful completion of the program, candidates in China will receive the FRM certificate acknowledging their achievement and inclusion among a select group of global risk managers. They will also receive a certificate in Chinese and verify their certification status at http://gjzs.osta.org.cn to be listed as globally certified risk professionals.
Employment Benefits of Becoming an FRM
As the field’s leading designation, the FRM is the key indication of candidates with proven ability and experience. To earn it, you must not only pass two challenging and rigorous exams, but also spend at least two years working in the field. By earning your FRM, you will prove your skill at identifying, analyzing, and mitigating risk at a high level, and showcase your ability to add value to firms in a number of specialized areas.
Global Practice Analysis Report 2021
View an analysis on GARP’s comprehensive survey of 1,500+ financial risk management professionals to learn what they do, where they work, and the skills and knowledge they need to perform their jobs amid a changing environment for risk management.
Meet a Certified FRM
Hear what FRMs have to say about their certification
Ready to take the next step toward your certification?
Exam registration is open for both our May and August Exams.