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FRM®

Frequently Asked Questions

FRM® is a chartered qualification in Financial Risk Management, and the holder is called Financial Risk Manager, by GARP (Global Association of Risk Professionals). FRM® is considered as a golden standard in the financial industry for showcasing one’s risk management abilities. Unlike other national chartered qualifications, one need not pass applicable conversion exams, to practice overseas. It is valid globally.

It is suitable for

1. Professionals working in Banking and Financial Services (BFS) domain, in either Client
facing or Back Office Operations, or working as IT support/developers in BFS space.
2. Graduates and Postgraduates seeking a job in Investment Banking, Brokerages, Commercial Banks, Asset Management companies and other related financial institutions.
3. Students in their graduation or post-graduation.

FRM® is the most standardized certification in the industry. It is valued and appreciated by most of the employers in BFSI and helps you to demonstrate your ability, skill, and knowledge of managing risks. This exam is recognized across global boundaries and assures you a successful career as a Risk Professional.

To prepare for FRM® right guidance and training is very essential. One can easily get through the exam if they practice well. FinTech Studies (FTS) provides dedicated lessons on problem-solving and 100+ hours of classroom training which is specially designed for a thorough understanding of concepts. Aspirants can dedicate time to study & practice our course material which is specially tailored to ease your effort in preparing for the FRM®.

FRM® Charter can open the door to a successful career in finance. Once this golden standard certification is earned one can rise in their career as a Chief Risk Officer, Corporate Risk – Managing Director, Risk Quantification Manager, Market Risk Specialist, Credit Risk Specialist etc.

Yes, one can enrol for FRM® part – II when done with FRM® part-I.

FTS course material is specially designed keeping in mind what is necessary to pass the exam. Our course material is developed by experienced industry professionals to help the student understand and practice exam content. We provide dedicated problem-solving lessons, LMS access with 1000+ practice questions, formula sheet, and 3 full-length Mock Tests.

Currently we are offering a whopping INR 10,000/- discount. This brings down the fee to INR 50,000/- including GST, per part. This amount can be paid in two instalments of INR 25,000/- is each. We offer 0% EMI option for a 6 month duration.

In other words, you pay 10,000/- as down payment and for the rest of 40,000/- you can avail a loan facility for 6 months. EMI would be 40,000/6 = 6667 at 0% interest rate.

We understand the diversification of the professional environment. To simplify, our experts have segregated various categories of professionals, which can help you analyze your current standing and make an informed decision.

Scenario 1: A job holder in Investment Banks, Asset Management firms (such as Hedge Funds, Mutual Funds, Private Equity, Venture Capital), Brokerages willing to expand their knowledge base and thereby widen the opportunities in the Financial Risk Management space i.e. to shift into core roles within the above categories of firms.
Example: A FRM® qualification can help an individual working in Back-office operations in Bank of America Continuum should be able to shift into Middle Office roles or any other core roles. (Middle Office deals with Risk Management, Regulations & compliance, where CTC tend to be better than non-core or Back Office Ops)

Scenario 2: An IT job holder supporting the operations in IBs, AMCs, or Brokerages can become Subject Matter Experts or can opt for Individual Contributor roles. They garner the respect due to their knowledge in Financial
Markets and Risk Management, learnt through the FRM® study. Thereby promotions, pay raise, internal transitions into more challenging roles etc. could be some of the direct benefits.

Scenario 3: A banker, for example with ICICI, HDFC or Kotak among others domestic banks, either with branch banking experience, or back office and would like to transit into core roles within their existing banks or to make their way into IBs, AMCs or Brokerages outside, can take up FRM® study.

Example: A branch banking officer shall have better chances to move into Treasury roles, Credit Managers, or get promoed within their existing banks. A KYC-AML executive in the commercial bank can become a compliance officer or KYC-AML expert (Client Onboarding executive in JP Morgan Chase) in an IB and could elevate further in ranks and processes they work in with the knowledge gained through the FRM® study.

Scenario 4: A payroll executive with B.Com / BBA / BBM background working with the likes of ADP, can get into IBs, AMCs and Brokerages quite easily.

Scenario 5: Professionals from Non-finance background such as B.Sc / BA graduate working in non-finance jobs can showcase their passion towards the BFS space having FRM® certification; will be able to get into IBs, AMCs and Brokerages.

As a fresher, it is a golden opportunity for you to appear for FRM® Exams.

Presented below are some of the most common scenarios:

Scenario 1: Graduates and Postgraduates from relevant backgrounds such as B.Com / BBA / BBM / M.Com / MBA, will be able to make their way into the core roles within BFS space, once they pass FRM® part – 1. They don’t have to wait until passing FRM® part-2. In this way they can get into the better paying roles, leaving behind the concerns of either not getting selected through campus interviews, or bare minimum opportunities on offer through their current colleges. You should be excited to know further that, FRM® part – 1 would take a mere six months duration for completion. Thereby, while still being freshers, you can have a cut above the rest in the form of FRM® P1 with respect to your peers.

Scenario 2: Graduates and Postgraduates from other non related education backgrounds such as B.Tech / BA / B.Sc / M.Sc, would be able to make their way into the roles within BFS space.Once they pass FRM® part – 1, for example an engineering graduate, will be able to apply and perform well in the roles within IBs where Quants / Analytics / Financial Engineering skills are in need. Such as Algo Trading, Quant teams, Structured Products or Business Analyst roles.

Scenario 3: A 10+2 pass out or a Graduate traveling abroad or planning to, for further education will be able to showcase their passion toward financial sector and their ability to take up challenging roles, in turn will help them get good internships and well paying full-time jobs later on.

Those who demonstrate 2 years of professional full-time financial risk management work experience.

The exams are conducted exclusively in English language, twice a year in May and November.

Each part of the FRM® Exam is four hours long. Part 1 and Part 2 exams happen one after the other.