Who should do a FRM?

The FRM program is tough and also expensive (please see the fees below). If you are reasonably sure of pursuing a career in Risk Management, Investment Management or Corporate Finance, and also have a fair idea of your own abilities to crack the exam, you should give this program a try. If you are unsure, you could take up FRM coaching / mock exams being offered by several training institutes to judge if the exam is something you will be able to crack and if the subject matter makes sense for the current stage that your career is in.

A FRM is apt for you if:

  1. You are a student and want to strengthen your resume for a career in the Risk or Financial Markets domain.
    Leave alone clearing, even pursuing FRM has a strong signaling ability. A candidate who has cleared one or both parts of FRM is seen as quantitatively sound and proficient in Risk Concepts and Financial Markets as compared to others. Several students take up this program simultaneously with their regular degrees.
  2. You want to switch to the Risk Management domain from any other domain.
    This certification will give you a foot in the door to various opportunities in Risk Management, without having to do a conventional academic degree in the subject. Moreover, there is an increasing demand for risk managers, thanks to the growing volatility of the market these days. Hence, if you’ve strong inclination towards this subject, and wish to jump to this profile, FRM course will definitely help you take this plunge.
  3. You want to deepen your knowledge of Risk, Financial Markets & Products and Risk Management Tools.
    Every firm has to manage risk in some or all forms. This certification gives you a thorough knowledge of risk concepts that can be applied in various roles across firms. Also, it adds up your credentials and boosts your resume. FRM is a specialized course and it helps you to find the right platform for learning core risk management.

FRM is quite a challenging profile, however, they’ve a lucrative career path that can take them to heights. However, recent happenings such as the global crisis in 2008, have boomed up the need for risk managers in all sectors. Risk management has become critical today, and with the help of FRMs, organizations can take calculated risks, take steps to identify it them in advance, and reduce its impact with risk mitigation plans.