The excitement in candidates jumps a mile long while taking up the FRM course, but sadly it lasts the lifespan of a butterfly. Part of the reason is candidates have failed to get an aerial view of the course. FRM is a simple yet complicated course where the syllabus is more tricky than it is thought to be. Finding a better place in your preparation is one of the demanding tasks as the FRM syllabus in part 1 has chapters that are interconnected and building. Understanding the course 360-degree shall keep your doubts and anxieties at bay when you face exams.
The FRM course syllabus covers fundamentals in risk management, quantitative analysis, financial markets & products, and valuation and risk models. The FRM exam enrollment fees come to around $ 400. Part 1 FRM majorly deals with tools to assess financial risk in companies. Setting aside the passion for FRM, you need to pay attention to the course requirements as the FRM course requires candidates with extensive English and Math skills. Communication and calculation are core as it helps you devise strategies to calculate and avert unprecedented business risks well in advance.
Since the exam comprises 100 MCQs, you need tight time management strategies to answer all the answers successfully at 2.4 minutes each. The questions are a puzzle as they range from easy to difficult, so it is better that you keep the formulae at your fingertips. The CFA part 1 exam also includes application and case studies that are connected with real-life scenarios, so it is better that you learn the practical applications of concepts. Though the exam is theory-driven, never take it easy. It is more complex and intriguing as the pass rate currently stands at 40%. To overcome this overwhelming challenge, you just need one step of subscribing to the Schweser-Miles original CFA study package, the first-ever inclusive CFA/FRM toolkit in India to make strides in your FRM exams. The study package is personally designed to help FRM candidates with live online sessions and masterclasses informed by world-class experts, mock tests, and performance metrics to judge your performance after practice sessions. Hurry to grab it, rather than narrowing down your chance of success by downloading outdated and pirated study materials on FRM.
You might think, about whether FRM is worth pursuing? Take my word it is extremely rewarding! Spending 500 hours of study and shelling out a few thousand dollars with a relevant experience can simply take you places. FRM validates your expertise in risk management and analysis and makes you more valuable to the business world.
The major demand for FRM professionals comes from banking, insurance, credit rating, and other financial institutions. The estimated average median salary that an FRM charter holder in India gets paid is over INR 10 LPA.
If you are passionate about becoming the next-gen risk manager, I think you should go for it!
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