Do you want to know about multiple ways to manage risks in a business? Then, pursue the FRM course in India and achieve your career goals.
FRM, also known as financial risk management, helps you gain the required skills and knowledge to reduce risks in the financial sector. If you are willing to land a secure job in India’s finance sector, then FRM is a suitable choice. The course covers a wide array of financial topics, such as risk management techniques, financial markets, and regulatory frameworks, which will confirm your promotion in the organisation.
Businesses hire FRM professionals who can identify risks and solve them according to the situation, and hence, FRM has become popular worldwide. The FRM credential opens several career options, such as investment banking and asset management.
Benefits of pursuing FRM course in India
There are different benefits of getting into an FRM course in India:
- Professionals can explore and get roles in risk management, investment banking, and corporate finance.
- Many MNCs and financial institutions value FRM certification and offer different job prospects in the finance industry.
- FRM-certified individuals can get high-salary opportunities. The overall salary depends on the professional’s expertise and experience.
Eligibility criteria for FRM courses in India
It is important to know about the eligibility criteria for the FRM online classes:
- Candidates need to hold a bachelor’s degree from a recognised university.
- Postgraduates and professionals like CAs, CFAs, CMAs, LLBs, etc. can also apply.
- Candidates must have at least two years of relevant work experience in risk management and related areas acquired within five years of clearing the FRM Part 2 exam.
The curriculum of FRM course in India
Any FRM course in India covers different topics that help professionals acquire the skills and knowledge needed for risk management. These courses include quantitative analysis, financial markets and products, valuation and risk modelling, and investment management.
The examination has two parts:
- Part 1 specialises in the foundations of risk management concepts
- Part 2 deals with the application and uses of the concepts.
Parts 1 and 2 of the FRM exams have 100 and 80 MCQs, respectively, and they take place in May, August, and November. Candidates need to get a score set by the Global Association of Risk Professionals (GARP), the governing body of the FRM certification.
Preparation tips for FRM course in India
Here are some practical tips students can follow to make the most of their FRM online classes:
- Get quality study materials and resources
Access GARP books, which can cover the entire syllabus in detail. Online platforms offer practice questions and mock exams to help you understand the material.
- Create a study schedule and stick to it
Give proper time every day to practice questions and go through the study materials. Assess your progress by taking mock exams. Joining study groups and online forums offers valuable information and support in the exam procedure.
- Focus on understanding the concepts
Instead of memorising notes, students should use real-world scenarios to understand the theories and their practical applications. They should also stay updated about the syllabus and exam format.
Job prospects after completing an FRM course in India
FRM certificate holders can explore job opportunities in various sectors, including:
- Banks and financial institutions
- Consulting firms
- Multi-national companies
Many companies need FRM-certified professionals in risk management, investment banking, and financial analysis. Thus, professionals who take FRM online classes are in demand because they have the knowledge and skill sets to explore complex financial markets and regulatory environments.
Conclusion
Candidates focusing on clearing the FRM exam this year should go through this guide. The FRM certification offers enhanced credibility, global recognition, and increased job prospects.
Enrolling in an FRM online course can boost your chances of success in finance. FRM certification is a valuable credential that helps individuals advance in their careers and allows them to access specialised knowledge and skills in the field.
Frequently Asked Questions
- Are there any criteria for applying for the FRM course?
Students with bachelor’s degrees can apply for the FRM online course. Postgraduates and professionals such as CAs, CMAs, CFAs, etc., can also apply.
- Is the syllabus for the FRM course easy?
The FRM course in India has two parts. Part 1 covers the foundational concepts of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part 2 deals with the application and in-depth understanding of risk management concepts.
- What are the career options after I have completed the FRM course in India?
Professionals can opt for various roles after completing the FRM course in India. These include risk analysts, investment managers, and chief risk officers.
