{"id":3461,"date":"2024-01-18T19:08:26","date_gmt":"2024-01-18T13:38:26","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=3461"},"modified":"2024-06-29T18:42:28","modified_gmt":"2024-06-29T13:12:28","slug":"frm-vs-other-finance-certifications","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/blog\/frm-vs-other-finance-certifications\/","title":{"rendered":"FRM vs. Other Finance Certifications"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">As a future finance professional, there is always a confusion about which certification you should do to upskill yourself. When it comes to risk management, Financial Risk Manager (FRM) sure tops the list but it is also one of the most time consuming certifications. So what are the other certifications one can do to gain skills that will help you boost your CV? Let\u2019s discover those courses in this article.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">CFA (Chartered Financial Analyst)<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It is offered by CFA institute and has a reputation of being an exhaustive course. It tests a candidate\u2019s ability in the areas of portfolio management, asset valuation, and investment tools. In order to get the charter, the candidate had to clear three of the exams. All three levels cover topics like time-value of money, accounting, ethics, derivatives, economics and statistics. Each level builds the foundation for the next one, shaping candidates ability to analyse investments and portfolios. Individuals who have successfully completed CFA are said to demonstrate competence, integrity and extensive knowledge in core finance areas.\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Structure:<\/b><span style=\"font-weight: 400;\"> 3 levels of written exam and minimum 4000 hours of work experience to get the charter.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Duration: <\/b><span style=\"font-weight: 400;\">It is advised to keep at least 6 months of preparation gap between each level. Expected amount of time to complete the course is 3-4 years.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Eligibility: <\/b><span style=\"font-weight: 400;\">Candidates should be enrolled in an undergraduate course with at least two years remaining to register for Level I exam.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Job Prospects: <\/b><span style=\"font-weight: 400;\">Major banking and financial institutions hire CFAs for roles like financial analyst, portfolio manager, investment banking analyst etc.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Average Salary: <\/b><span style=\"font-weight: 400;\">As a complete fresher with CFA designation, starting salary ranges between INR 6 lakhs to 8 lakhs. With experience you earn up to INR 28 lakhs to 44 lakhs per annum.\u00a0<\/span><\/li>\n<li aria-level=\"1\"><b>Major Companies you can get into: <\/b><span style=\"font-weight: 400;\">Goldman Sach, Morgan Stanley, Wells Fargo<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">More details on CFA, <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/cfa-coaching-program\/\"><span style=\"font-weight: 400;\">visit here.<\/span><\/a><\/p>\n<h2><a href=\"https:\/\/www.thewallstreetschool.com\/placements\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3679\" src=\"https:\/\/www.thewallstreetschool.com\/blog\/wp-content\/uploads\/2024\/05\/Seamless-Career-Transition.gif\" alt=\"\" width=\"1128\" height=\"191\" \/><\/a><\/h2>\n<h2><span style=\"font-weight: 400;\">Financial Modelling<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Financial Modelling is one the highly demanded skills for any finance professional. It is the process of forecasting financial performance of the company. Different dynamic models like discounted cash flow model, mergers and acquisitions model, scenario and sensitivity analysis can be built using this skill. Anyone with a basic understanding of Microsoft Excel can do this course.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You can find many videos relating to Financial Modelling courses online. One such course is the Financial modelling and Valuation course of<\/span><a href=\"https:\/\/www.thewallstreetschool.com\/financial-modeling-online-course\/\"><span style=\"font-weight: 400;\"> WallStreet School.<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">CMA (Certified Management Accounting)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It is for the candidates who are interested in planning, budgeting and forecasting decisions. It grooms the candidates in critical areas of financial planning, analysis, control, and decision making. Some of the topics in this course include: Management, Regulatory Framework, Strategy, and Financial Reporting.\u00a0\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Structure:<\/b><span style=\"font-weight: 400;\"> Consist of 3 levels: Foundation, Intermediate and Final<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Duration: <\/b><span style=\"font-weight: 400;\">1- 3 years. Exams are held twice a year.\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Eligibility: <\/b><span style=\"font-weight: 400;\">Passed 10+2 and bachelor\u2019s degree from a recognised university.\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Job Prospects:<\/b><span style=\"font-weight: 400;\"> Major roles that you can get into are Internal Auditor, Cost Accountant, Finance Manager, Assistant Finance Manager<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Average Salary: <\/b><span style=\"font-weight: 400;\">it ranges from INR 5 &#8211; 12 lakhs per annum.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Major Companies you can get into: <\/b><span style=\"font-weight: 400;\">L&amp;T, Capgemini and Haier.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">More details on CMA, <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/cma-online-course\/\"><span style=\"font-weight: 400;\">visit here.<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400;\">CIMA (Chartered Institute of Management Accountants)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">CIMA is a global charter for management accounting which prepares the student to work in banks, audit firms, and e-commerce. CIMA designation holders often get to make a career in financial consulting firms with big and foreign clients.\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Structure:<\/b><span style=\"font-weight: 400;\"> Has four levels: Certificate Level ,Operational Level ,Management Level, Strategic Level<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Duration: <\/b><span style=\"font-weight: 400;\">2-3 years<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Eligibility: <\/b><span style=\"font-weight: 400;\">3 years of experience in any of the following field- Strategic, Technical and Operational leadership\u00a0\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Job Prospects:<\/b><span style=\"font-weight: 400;\"> Major roles that you can get into are Finance Manager, Management Consultant, Management Accountant, Finance Business Partner, Financial Accountant, Business Analyst, Accounts Assistant\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Average Salary: <\/b><span style=\"font-weight: 400;\">it ranges from INR 5 &#8211; 10 lakhs per annum for freshers.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Major Companies you can get into: <\/b><span style=\"font-weight: 400;\">A H Worth &amp; Co Ltd, Abbott Ireland, AbbVie Ltd, Absa Bank, Accenture<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For information, <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/cima-coaching-program\/\"><span style=\"font-weight: 400;\">visit here<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">CAIA\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Alternative investments are the future of investments, hence the demand for CAIA is only going to increase.\u00a0<\/span><\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Structure:<\/b><span style=\"font-weight: 400;\"> Candidates must pass 2 levels of examinations and have at least 4 years of work experience.\u00a0<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Duration: <\/b><span style=\"font-weight: 400;\">Unlike FRM, you have unlimited time to pass Level 2.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Eligibility: <\/b><span style=\"font-weight: 400;\">Hold bachelor\u2019s degree or its equivalent.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Job Prospects: <\/b><span style=\"font-weight: 400;\">You can find yourself in the roles of asset allocator, risk manager, fund administration and consultant.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Average Salary: <\/b><span style=\"font-weight: 400;\">it ranges somewhere between INR 5 lakhs &#8211; INR 25 lakhs per annum.<br \/>\n<\/span><\/li>\n<li aria-level=\"1\"><b>Major Companies you can get into: <\/b><span style=\"font-weight: 400;\">Merrill Lynch, Wellington Management, Morgan Stanley, UBS AG, BlackRock<\/span><b>\u00a0<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">There are plethora of finance certifications for you to explore. Finding your niche and interest is important when it comes to pursuing the right certification.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Hope this helps!<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a future finance professional, there is always a confusion about which certification you should do to upskill yourself. Learn more.<\/p>\n","protected":false},"author":22,"featured_media":3462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-3461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frm"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/posts\/3461","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/comments?post=3461"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/posts\/3461\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/media\/3462"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/media?parent=3461"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/categories?post=3461"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/blog\/wp-json\/wp\/v2\/tags?post=3461"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}