Overview

Accredited by GARP (The Global Association of Risk Professionals) a FRM is a most sought after professional and represent a credible and prominent authority in their domain. With an FRM certificate you can practice Risk Management anywhere in the world. Banking, securities and insurance domains are always on the lookout for certified FRMs with a strong focus on liquidity and market risk. The FRM certification training is based on two levels : Part 1 and Part II. Each exam is challenging and demands thorough preparation from the applicants. Financial Risk Management career opportunities are many and you can boost your job prospects, earn a higher pay and gain credibility in the industry

1 - 2
Years

Self
Learning

42% - 60% Passing
Percentage

Global
Recognition

Consultation

We provide FREE Consultation session with experienced counselors.

+91 8800336720

Quick Enquiry

Self Learning

FRM Eligibility

GARP stipulates certain eligibility criteria for the FRM exam. For the FRM certification training, you will require a relevant bachelor’s degree from an accredited institution and 2 years minimum work experience in related areas

There are no rigid educational qualifications that one needs to possess in order to get the FRM certification. However, the knowledge in finance, business, accounting, and similar professions may prove to be helpful. The average candidate has an academic background in finance, economics, business administration, or engineering.

A candidate in GARP’s case (the issuer of the FRM with whom one would like to be registered) must have two years of working in risk management or a related field. This work experience may be acquired before, in the course of, or after undertaking the FRM examinations. The work experience criterion assures that the candidate is well grounded in the practical aspects of financial risk management.

To take the FRM exam you will also need to submit two years of relevant work experience in areas like risk modelling, risk analysis, risk management, or roles related to financial risk management.

If you hold a Master’s degree in any area related to Financial Risk Management, you are eligible for a waiver from GARP. In this case, GARP stipulates you have at least 1 year work experience instead of the normal 2 years’ experience for other candidates.

How to ace the FRM exam with professional coaching with MyLogic

Enroll Nowarrow_forward
frm
frm

FRM Duration

The FRM certification process may range for several months depending on the preparation/study period and the dates scheduled by the candidate. The following is the indicative time frame of the certification for the candidate:

  • Preparation Time: Most individuals take around 4 to 6 months to prepare for each part of the FRM exam. This preparation time is flexible, depending on the individual's previous knowledge and study methods. A study schedule should be devised to ensure all exam topics are covered.
  • Exam Schedule: The FRM exams are conducted twice a year in May and November. Candidates must choose one of these periods for their examinations. It is advisable to visit the official GARP page for the latest information regarding exam dates and registration periods.
  • Certification Award: Candidates who pass both parts of the FRM exams and have the required work experience will earn the FRM certification. The entire process, from preparation to the exam, can take approximately a year or more, depending on individual circumstances.

FRM Exam Fee Structure

The FRM fee for 1 and Level 2 coaching can be on the higher side. However, in terms of a long term benefit, it is worth investing in the fee as a career booster. Other than the course program you will need to spend on related expenses. Here is the breakdown of the total cost of FRM certification

Registration Fees

GARP requires its candidates to pay a fee for each part of the FRM exam. Effective January 2024, both Part I and Part II examinations will command a fee of around $750. There may be some discounts for registering early for a fee, so it’s good to register early to minimize costs.

Study Materials

Apart from the examination fees, candidates are likely to incur more costs in terms of study aids such as textbooks, online lessons, or exam simulations. Such items can range from $200 to $1000 depending on the choices of the individual. Therefore, most of the students tend to buy full course plans in order to maximize their chances of success.

Additional Costs

However, some additional cost risks should be taken into consideration, such as travel risks in cases of having to go to an exam center and the risks of taking the exam again within a certain time frame if they are unable to pass it within a specified time frame. GARP charges a fee of approximately $750 per part for retaking.

Why Choose MyLogic?

MyLogic is the leading coaching institute for professional finance courses. With highly qualified and experienced trainers and industry professionals, MyLogic does not leave a leaf unturned in enabling students achieve their goal. Here are highlights about MyLogic -

img

Approved Learning Partner

img

Advanced Learning Platform

img

Physical Classes

img

Affordable Quality Education

img

Simulated Mock Exams

img

Placement Assistance

100% Placements!

We are committed to your success. Enroll with us for the FRM certification and guarantee your interview with top MNCS

Clint Images
Accounting
Abhijith A
Placed at
Clint Images
Clint Images
Accounting
Bharath
Placed at
Clint Images
Clint Images
Finance Consultant
Vishnu Raj M
Placed at
Clint Images
Clint Images
Financial Planning Analyst
Srishti Gupta
Placed at
Clint Images
Clint Images
Accounting
Mohammad Sadath
Placed at
Clint Images
Clint Images
Credit and Collections Analyst
Thomas Joseph
Placed at
Clint Images
Clint Images
Analyst I-Financial Business
Vijay Kumar D
Placed at
Clint Images
Clint Images
Technical coordinator
Vishnu Manoj
Placed at
Clint Images
Clint Images
Accounting
Mohammad Sadath
Placed at
Clint Images
Clint Images
Credit and Collections Analyst
Thomas Joseph
Placed at
Clint Images
Clint Images
Analyst I-Financial Business
Vijay Kumar D
Placed at
Clint Images
Clint Images
Technical coordinator
Vishnu Manoj
Placed at
Clint Images
Clint Images
Accounting
Abhijith A
Placed at
Clint Images
Clint Images
Accounting
Bharath
Placed at
Clint Images
Clint Images
Finance Consultant
Vishnu Raj M
Placed at
Clint Images
Clint Images
Financial Planning Analyst
Srishti Gupta
Placed at
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images
Clint Images

Testimonials

img

Aakash Mehta

"MyLogic's FRM course was an incredible journey! The curriculum was comprehensive and well-structured, covering all essential areas of financial risk management. The instructors were experts in their fields and provided invaluable insights. I passed the FRM exam on my first attempt!"

img

Divya Nair

"I can't thank MyLogic enough for their exceptional FRM program. The interactive sessions made complex topics easy to understand, and the real-world case studies helped me apply my knowledge effectively. The resources provided were top-notch!"

img

Vikram Kapoor

"Completing the FRM course at MyLogic was a fantastic decision. The detailed study materials and mock exams prepared me well for the actual exam. I now feel confident in my ability to analyze and manage financial risks."

img

Rhea Singh

"My experience with MyLogic's FRM program was transformative. The blend of theory and practical application gave me a thorough understanding of financial risk management. The networking opportunities with fellow students were also a huge plus!"

img

Kunal Desai

"Enrolling in the FRM course at MyLogic was one of the best decisions I've made for my career. The support from instructors and peers was invaluable, and the knowledge I gained has opened new doors in my professional journey!"

Journey With Mylogic

Step 1

Enquire with us

Step 2

Consultation Session

Step 3

Batch Assessment

Step 4

Course Completion

Step 5

Exam Qualification

Step 6

Placement Assistance

FRM Certification

There are many career opportunities available after FRM certification. The FRM certification is recognized across the world as it indicates expertise in financial risk management. It implies you are an expert in market risk, credit risk and liquidity risk. The FRM certification is awarded by GARP. Here’s what you need to know:

How to get FRM certified

To earn the prestigious FRM certification,you must successfully pass both FRM Part I and FRM Part II exams. In addition, you must meet the required work experience criteria and fulfill the GARP code of ethics which is very important. Once these conditions are fulfilled you will be officially FRM designation and listed in the GARP registry of certified risk management experts who have completed advanced training programs. This means that a due diligence has been conducted and after GARP is satisfied that you have fulfilled all the necessary conditions and criteria, you will be given the coveted FRP designation.

Benefits of FRM Certification

The FRM certification has much to offer, and the following are its main advantages:
  • Careening Up the Ladder: The FRM designation can create avenues for promotions and better pay in risk management and finance.
  • Professional Prestige: The FRM-certified professional is respected by employers and colleagues, and is recognized in other professions.
  • Worldwide Acceptance: The FRM is recognized globally, making it crucial for professionals seeking careers in other regions.
certificate

FRM Syllabus

The FRM exams are designed in a manner that covers all dimensions of risk management within financial smears. Below is the detailed overview of the Part I and II syllabus of the FRM examination:

Part I Syllabus

Section I of the FRM exam concentrates upon the risk management fundamentals. The most important are:
  • Foundations of Risk Management: This focuses mainly on the concepts and principles of risk management.
  • Quantitative Analysis: Statistical and mathematical methods applied to risk management are discussed.
  • Financial Markets and Products: Knowledge of instruments and structures of markets.
  • Valuation and Risk Models: Methods for assessing risk and valuing financial instruments.

Part II Syllabus

Section II of the FRM exam is a continuation of Part I and deals with more complex issues. The key domains include:
  • Engagement Planning
  • Engagement Execution
  • Communicating Engagement Results

FRM Course Material

The FRM course material is comprehensive as the FRM program is in-depth and designed to prepare candidates to evolve as experts in financial risk management. The FRM course material contains GARP-approved study guides, practice questions and resources. By dedicating focused study hours with the support of the course material you can navigate through understanding risk management fundamentals and its related concepts.

Recommended Textbooks

The following books are worthy for oneself who intends to undergo FRM preparation:
  • “FRM Exam Part I: 2024 Study Guide,” Wileyxamcom 2024.
  • “Financial Risk Manager Handbook” – Philippe Jorion.
  • Hull, John C., “Risk Management and Financial Institutions," 2006.

Online Courses and Practice Exams

Complementary tools in the examination preparation are the online courses and the practice exams. Here are some frequently utilized options:
  • GARP’s Official Study Materials: GARP offers official study guides, mock exams, and online courses for sale.
  • Kaplan Schweser: Known for a wide range of study packages and exam questions offered to candidates.
  • Bloomberg Exam Prep: Provides dedicated study aids and practice tests.

Study groups and forums

Preparation is heightened through the joining of study groups and forums where members can explain and defend the ideas. Pim and Leslie added that there are some sites like Reddit or LinkedIn that have FRM-thriving communities.

MyLogic Leadership

img

CA Vinod Chandran

Chartered Accountant

An entrepreneur at heart, Vinod Chandra, Founder, MyLogic is a Chartered Accountant and holds a certificate in Specialized Executive Finance Program from IIM Lucknow. Having begun his professional career with Hindustan Aeronautics Ltd (HAL), he played a pivotal role in the Helicopter pricing strategies and had a significant role in finalizing major contracts for the Ministry of Defence. He moved on to occupy a top management position at CapGemini, France where he led Global Commercial Finance for 3 years. He also held the position of Finance Controller - Operations (India) for Century Link Technologies, USA.

Vinod is a subject matter expert and a keen academician. He has a vision of furthering career opportunities for Indian students in the finance domain. As Founder of MyLogic he has enabled thousands of students in India to carve out a promising career in Finance opening the doors for them to explore global opportunities.

Assignments & Exam Practice Sessions

Assignments and practice questions are incorporated in the training to help students get a comprehensive understanding of the concepts.

MyLogic offers over 2000 practice questions which build confidence in the students and prepares them for the exam. Practice questions are the key to performing well in the exam.

college

What you get

Free Access to Online Mock Test, Question Papers, Alumni network, Interpersonal Skill development, Course Material, Profile Building

Access to Forum, Trending Topic Preparation, Quality Education, One 2 one doubt clearing session, Webinars.

thesis-concept

Frequently Asked Questions

The FRM certification is a globally recognized credential for professionals in risk management, awarded by the Global Association of Risk Professionals (GARP).

The FRM is ideal for risk management professionals, financial analysts, portfolio managers, and anyone involved in risk assessment and management in financial institutions.

There are no formal prerequisites, but a background in finance, mathematics, or related fields is beneficial.

The FRM exam consists of two parts: Part I focuses on foundational knowledge, while Part II covers advanced risk management topics.

Key topics include risk management concepts, quantitative analysis, financial markets and products, valuation and risk models, and credit, market, and operational risk.

Part I consists of 100 multiple-choice questions, while Part II has 80 multiple-choice questions, each with a time limit of four hours.

The FRM exams are typically offered twice a year, in May and November.

Most candidates spend 200-300 hours preparing for each part, spread over several months.

GARP provides official books, but many candidates also use third-party study guides, online courses, and practice exams.

While GARP does not publish a specific passing score, it is generally considered to be around 60%.

Candidates must pass both parts within four years.

Benefits include enhanced career opportunities, increased earning potential, and recognition as a knowledgeable professional in risk management.

Yes, FRM holders must earn 40 continuing professional education (CPE) credits every two years to maintain their certification.

Yes, you can take the exams without prior experience, but you must demonstrate at least two years of professional experience in risk management or related fields to obtain certification.

Candidates can register online through the GARP website. Registration typically opens several months before the exam dates.

Quick Enquiry