Risk has the power to change the destiny of investment performance from expected returns. To create a culture of business resilience in the investment world, leading and top finance and business schools/universities and institutions across the globe have now launched extensive Finance Risk Management (FRM) courses as an integral part of their academic curriculum and course package. Creating resilience in organizations is a highly critical role as it protects – business performance, brand identity and drives reputation. So now how do you seek to achieve these key core competencies? Enroll for an FRM course!!
FRM designation is taxing, as it is endorsed by the world’s renowned Global Association of Risk Professionals (GARP). Another advantage of attaining this certification is it validates your expertise in risk pricing, mitigation and consultation strategies and financial decision-making that widens the scope of your employability in the business and financial sectors. FRM is something more than reviewing or writing risk models. They engage in setting guidelines for bank loans to evade risk at every phase and narrow down the organization’s exposure to risk during a financial meltdown.
The FRM is a two-part exam and requires a practical professional experience of 2 years to obtain the designation. Part of the reasons why the passing rate for FRM stands at 45% and 63% for Part I and Part II, respectively, is the exams questions are of a mixed category – straightforward, tricky and confusing. So, never try building wild dreams of thinking FRM is easy to crack!! To pass the two FRM exams, you are required to spend a minimum of 200 hours for each part as the course syllabus is set on par with Master program standards. Managing a high-stake FRM exam is difficult to finance candidates but the Worlds #1 Original CFA Study package by Miles-Schweser can be the best solution to decide that. The first-ever study package provides a personalized, immersive, updated and adaptive learning experience that can give you a competitive edge in cracking exams as well as landing in prospective careers.
Frankly speaking, there is no risk in opportunities for FRMs in India and abroad as they are widely welcomed in banks, treasury departments or risk assessment firms to take up key roles as Risk Analyst, Risk Manager, Credit Risk Analyst, Market Risk Analyst, Regulatory Risk Analyst, Operational Risk Manager or Chief Risk Officer.
While FRM remains a global certification, the pay scale is also set on global standards. The median salary for an FRM holder comes to around $ 96,000 with an annual hike of 7%.
The reason why FRMs are an exclusive choice and expert balancers to the business world is they are powered with capabilities of looking into the particulars of the finance industries and enable upending solutions to evade potential business risks. They contextualize risks and help businesses stay solvent and keep the economy humming. This means that an FRM not directly but they drive every decision-making process of the company – to keep it short – they are a huge Invisible force in an age of rapid self promotion!
