Is it really useful to take the FRM certificate for financial risk managers?

This is seen from two perspectives:

First, whether the card itself is useful or not;

2. What can you learn from the learning process of the certificate?

FRM is a professional exam with a deep accumulation, and its breadth and depth have been tested by history. FRM encompasses some of the basic routines of risk management. Chinese have always liked dirt roads and despised so-called dogmas, but in fact, after a few years of exploration, they will eventually use the mature methods of others.

Who can prepare for the FRM?

Job-seekers who want to switch to the financial industry across disciplines, non-core financial practitioners.

For those who want to enter this industry, a financial certificate is a very good stepping stone (but it is only a knock on the door, and if you want to enter the door, you need practical ability and better quality to support). Especially for those who don't have the right major, a financial certificate is one of the few highlights that can be put on a resume.

In addition, a financial certificate can also help people with the wrong major to get started quickly. When I was studying, I had a misconception that as long as I was good at math, I learned a lot of things when I could work.

If you are already working, such as a trader, etc., the certificate is of very limited use. However, non-core positions, such as research, risk control and other hard positions, can be used to paste gold with certificates.

The usefulness of FRM certificate: You can enter financial institutions with FRM certificate, and the financial institutions led by Bank of China and Industrial and Commercial Bank of China employ the most FRM holders; With an FRM certificate, you can enjoy the financial welfare policies of some cities; Having an FRM certificate is equivalent to the standard for obtaining a degree certificate in the United States, the United Kingdom, and the European Union.

FRM Introduction:

Financial Risk Manager (FRM) is a qualification in the field of global financial risk management, developed by the Association of Global Risk Management Professionals (GARP) in the United States. GARP is one of the world's largest financial associations with more than 48,000 FRM charterholders and more than 150,000 members from more than 190 countries, serving more than 7,500 banks, companies, academic institutions, regulators, asset managers, insurance companies and non-financial companies.

FRM Features:

FRM is an international risk management certificate; Strong professionalism in knowledge points, focusing on post-related fields; The entry threshold is relaxed; The exam is difficult and the pass rate is moderate; The exam is short, and you can complete both parts of the exam at once; The all-English test is an obstacle for candidates from non-native speaking countries, and the test cost is high; The certificate has a high gold content; The degree of attention is high, but the current recognition is average and immature; Suitable for those with more than 2 years of relevant work experience; Qualifications are available worldwide. Click here for more questions about FRM application and certification.

Banks are ok.

It's not as good as CFA, though

CPAFRM China is a few thousand.

There should be.

Previously, the pass rate was 40%.

This year, it has been changed to two exams.

The pass rate may drop to 40%*40%.

With the rapid development of financial frontier disciplines such as financial engineering, financial econometrics and computational finance, financial risk management technology has received unprecedented attention, and the Financial Risk Manager Certificate (FRM) has been recognized by Wall Street and many famous financial institutions in Europe and the United States, risk management departments of large companies, as well as the most authoritative regulators and financial regulatory authorities in various countries, and has become the most authoritative certification in the field of financial risk management in the world.

Risk management covers many areas, including financial quantitative analysis, market risk, credit risk, operational risk, investment risk, accounting, law, etc. In times of distress or crisis in financial markets, effective risk management is often the key to success. This important decision, which is related to the fate of enterprises and their investors, requires the participation of many financial risk professionals, and the number of global applicants for FRM has increased by more than 38% every year, and it has become an international risk management certification that attracts global attention.

In China, it is increasingly valued by national financial regulators and financial institutions, and the demand for financial risk professionals is growing. By the end of 2012, the FRM exam had been in place for 16 years, and more than 26,000 people worldwide had earned the FRM title.

The financial risk manager certificate is applicable to financial institution risk control personnel, financial unit auditors, asset managers, managers, financial traders, investment bankers, commercial banks, risk consultants, companies, insurance companies, trust companies and other financial incumbents. Of course, it is also suitable for those who are interested in financial risk management and are interested in pursuing this career. The application conditions are relatively relaxed, and there are no restrictions on the applicant's academic background and industry, and college students can also apply for the examination.

FRM Exam Content:

The FRM is an all-English test, and the test is divided into two levels, all of which are standardized questions, with 100 multiple-choice questions for FRM Level 1 and 80 questions for FRM Level 2, both of which take 4 hours. The FRM exam covers market risk measurement and management, credit risk measurement and management, operational and overall risk management, legal, accounting and investment risk management, etc., and the preparation time is about 14 weeks. The test is held once a year in May and mid-November, and there are test centers in 12 cities in China, including Beijing, Shanghai and Guangzhou.

How to apply for the FRM Financial Risk Manager Certificate?

Obtained FRM certificate:

1) Need to pass the FRM exam;

2) Two years of relevant work experience in financial risk management; Note: After completing the FRM Level 1 exam, you need to pass the Level 2 exam within four years; Successful passage of FRM Level 1 and Level 2 requires two years of relevant work experience within five years.

The FRM certificate of financial risk manager is very golden, FRM certification is a foreign professional qualification certificate registration project of the Ministry of Human Resources and Social Security in China, candidates can obtain a global certificate by taking and passing the examination and meeting the certification requirements, and can also obtain the FRM certification Chinese certificate labeled by the Ministry of Human Resources and Social Security.

Benefits of obtaining an FRM certificate.

1. Increase the credibility of your business.

Employers also recognise FRM holders' ability to assess and deal with key risk issues, which will provide them with an advantage in their career development.

2. Highlight your experience.

Obtaining an FRM certification proves that you have worked in a financial risk management related field for at least two years and already have relevant work experience.

3. Demonstrate your knowledge.

Achieving the FRM certification demonstrates that you have the knowledge base necessary to effectively assess and manage the risks of Jinnazheng.

4. Join an elite social network.

By earning your FRM certification, you'll join a global community of risk management professionals in more than 190 countries and territories.

Employment direction of FRM holders.

The employment direction of FRM is still relatively wide, including joint-stock commercial banks, commercial banks, domestic branches of foreign banks, insurance companies, investment banks and brokers, etc. Many regulators in China also lack FRM licensees. In addition, we can also go to insurance companies, investment banks, brokers, ** and so on.

In addition to doing financial risk control-related work, FRM holders can also engage in other positions. Investment banking manager, asset and liability manager and assistant, financial planner and other popular occupations are the employment and development direction of our FRM holders.

Salary package of FRM holders.

The salary of FRM holders is very good, and the annual salary of FRM holders generally ranges from 25W-100W, depending on the individual's work ability. However, because the salary received by FRM holders is different for different positions, the specific salary should still depend on the specific position. And the FRM certificate is more to improve the professional level of the holder and gain the trust of employers and customers.

Whether at home or abroad, the FRM certificate is a certificate with high gold content and popularity, and for many financial institutions, the FRM certificate is also a very good certificate, which has been widely welcomed by everyone. Not only that, FRM holders are extremely popular in many cities in China, and many cities have given very generous benefits to FRM holders. To sum up, the FRM certificate is very worthy of everyone's examination, financial professionals can improve themselves by taking the FRM certificate, and finance students can also increase their competitive advantage after graduation by taking the FRM certificate.

Through the learning process of taking the certificate, your professional level will also be greatly improved, but the FRM certificate has a certain degree of difficulty, and candidates still have to choose the appropriate way to prepare for the exam and prepare for the exam carefully.

The prospect is very promising, and now the risk control personnel are very popular, what company does not need risk control! There is a training institution in Beijing that has a very good FRM course, called Zhongrong Education.