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Anonymous users2024-02-06Recently, candidates who want to take the FRM exam have written to consult: "I am a junior in college, 211, majoring in finance, I can almost go to a local small commercial bank after graduation - do chores, I want to go to HSBC, JP Morgan and other international banks, if I can pass the FRM exam when I graduate (no work experience, not a holder) and ** qualifications, will it be more beneficial for me to work?"
The FRM exam began in 1997 and is organized by the American Association of GARP, the world's largest and most authoritative international risk management organization with more than 150,000 members in 195 countries. At present, the number of FRM holders in the world is 10,000, and the number of FRM holders in China is 1,200. The People's Bank of China and the Industrial and Commercial Bank of China will select a group of employees to learn FRM every year, which shows the importance that China's banking industry attaches to FRM.
Gone are the days when the market has been the best, profits are readily available, and all assets are appreciating. Today, traders, investors, and even bank managers need real knowledge and better risk assessment methods to identify undervalued assets that may outperform the 2% yield on US Treasuries. Global financiers are starting to do their homework.
After the era of buying and selling assets that they don't fully understand and taking risks they don't understand, financial experts are learning to understand these assets and risks.
The FRM exam is becoming more and more important in the financial industry.
From the perspective of FRM's top 20 global employers, all of them are the world's top financial institutions, of which 60% are the world's top banks. Therefore, as the core of the financial field, the banking industry's thirst for risk management talents is the primary reason for the development of FRM.
As of July 2015, ICBC had a total of 360 financial risk managers (FRMs), accounting for more than 10% of the total number of financial risk managers in China, ranking first in the industry. Among them, more than 70% are directly engaged in risk management, and nearly 7% are engaged in the management of branch presidents or above, which directly promotes the improvement of ICBC's risk management level.
With the full opening up of China's banking industry to the outside world and a large number of financial risk management talents, the establishment of a risk awareness culture at the level of the entire banking institution plays an important role in improving the overall operation level and competitiveness of China's commercial banks.
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Anonymous users2024-02-05As an international exam, FRM has a very high gold content in the global financial field, and many candidates will feel confused after taking the FRM, what are the advantages of applying for the financial risk manager FRM? How much will the annual income be?
How much will the FRM salary be per year?
In fact, the salary of FRM also varies from person to person. The salary is also determined by the risk manager's own strength, education, work experience, etc. According to the current situation of the industry market, especially in foreign countries, risk managers have always been a popular profession, for those who have just entered the industry, their annual salary can basically be more than 200,000 US dollars, and for some senior financial risk managers, their annual salary is more than 700,000 US dollars.
For FRM people who have just entered the industry, the annual salary is more than 100,000 yuan, but this annual salary figure is not fixed, and with the improvement of your work experience and work ability, your annual salary will also become higher.
What are the advantages of applying for the Financial Risk Manager (FRM)?
1. Professional foundation of knowledge.
In addition to theoretical knowledge, the textbooks also contain more practical professional knowledge related to work, so that candidates can lay a good professional foundation for financial knowledge, better improve their risk management ability, and further enhance their own competitiveness.
2. Unique thinking and insights.
In addition to improving their professional ability, through the study of FRM courses, it is also very important to cultivate candidates' own unique thinking and professional opinions, because at work, you will participate in the proposals and decisions of various project meetings of the enterprise.
3. Talent shortage.
At present, there are not many people with FRM certificates in China, with the development of the industry, the demand for financial risk managers in this area is increasing, in order to be able to quickly find this kind of talents, enterprises have offered higher conditions and treatment, and the salary of risk management related positions will increase a lot at any time.
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Anonymous users2024-02-04In recent years, financial risk management has received more and more attention from various enterprises, and it is an indispensable prerequisite to obtain a FRM certificate in order to enter the industry. Is the pass rate high?
What is the FRM exam pass rate?
Financial Risk Manager Level 1 Exam: May pass rate: 45% (2016 %(2017 %(2018 %(Year % (2021);
November pass rate: 45% (2016 %(2017 %(2018 %(
Financial Risk Manager Level 2 Exam: May pass rate: 50% (2016 %(2017 %(2018 %(year % (2021);
Overall, from 2016 to 2021, the passing rate of the FRM exam has been increasing steadily year by year, which shows that the difficulty of the FRM exam is still relatively moderate.
What does FRM look at?
1. Professional knowledge of financial risk management.
In terms of the second-level examination of financial risk managers, the subjects of the second-level examination of financial risk managers include "frontier topics in financial markets", "investment risk management", "liquidity risk management", "operation and comprehensive risk management", "credit risk management and measurement", and "market risk management and measurement". The proportion of knowledge related to financial risk is very high.
2. Mathematical knowledge.
The financial risk manager exam involves certain mathematics-related content in the examination content, and its examination difficulty is similar to the difficulty of the mathematics major entrance examination, and the financial risk manager candidates want to complete the mathematics examination, they need to improve their mathematical ability to the level of being able to pass the mathematics examination of the financial major.
3. Knowledge of English.
The financial risk manager exam is in English, and the exam is conducted in English, and the group is promoted in the process of the financial risk manager exam, which will involve the expression of financial-related professional vocabulary, if you don't understand, you may know how to answer, in terms of the experience sharing of candidates who have passed the financial risk manager exam in the past, it is recommended that if you want to take the financial risk manager exam, you can improve your English proficiency to the level of university English level 4.
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Anonymous users2024-02-03Anyone can apply for the FRM, and there are no requirements for education, experience, age, etc. To apply for an FRM certificate, you need to have two years of work experience in financial risk management. Get free preparation materials for the 2022 FRM (trial course + past papers + exam syllabus, etc.).
2. Application for FRM certificate.
FRM certificate application conditions:
1) Pass the FRM Level 1 exam;
2) After passing the FRM Level 1 exam, pass the FRM Level 2 exam within four years;
3) Two years of relevant work experience in financial risk management;
Vocational institutions that meet the requirements for applying for the certificate include: academic research institutions, asset management companies, economic and commercial banks, commercial banks, consulting companies, enterprises, energy industries, ** institutions, independent consultants, insurance companies, investment banks, investment commercial banks, law firms, media, professional institutions and associations, regulatory authorities, commercial retail banks, ** companies, software developers and technology.
Click here for a free consultation with FRM Masters.
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Anonymous users2024-02-02FRM certificate in the financial industry, especially in the financial industry, banking, insurance, and other large companies to the FRM certificate recognition, more and more financial practitioners choose to apply for FRM, then, to apply for FRM need three basic knowledge?
1. Because FRM is an all-English test, and the official textbook is also in English, it is enough to have an English reading level of CET-4 or CET-6, and have a certain English reading ability.
2. Good mathematical foundation is generally the difficulty of counting three and four, and there is more probability and statistical content.
3. Good foundation in finance.
I once had a similar situation to you, it was in junior high school in order to be admitted to the high school experimental class, how is your Chinese and English, if it is not bad, it is very promising to hit the first place in the grade. I think the instability of your science grades should be caused by not doing enough questions, because the difficulty of the junior high school course is not very large, and the questions are not very lively. And if you don't know it, don't skip it, you still have to face it. >>>More
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It's better to enter the company, because the bank is not said to enter, the company just entered the salary is not high, but it will not be low, the salary may be 3000 after 1 year, and the company will not be very tired to do accounting, and there will not be too many things. In the bank, you are faced with a bunch of numbers every day, and you can't make a mistake, and you don't have to worry too much about it. The salary will not be high, but it can be long-lasting, if you choose the bank, you may feel that you are not energetic every day, too tired, and if you are in the company, there are fewer people, the calculation of data is also simple, not complicated, people are not too tired, the salary is also high, if the company is bankrupt, you can go to other companies How to say that the salary is higher than the bank, now the market is lacking is the amount of accounting, accounting is a more tired industry but the salary is high, many people do not choose accounting, since you have chosen accounting, you must take it seriously, you can not be sloppy at all, I hope you have a smooth journey in your career, not good, don't mind...
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Good mathematical thinking is not something that can be cultivated in a day or two! From the initial interest to the accumulation of my own feelings when thinking about math problems, there is a problem here, which is to have your own thinking. I can't do the question, after seeing the answer, I can analyze the thinking process of the person who made the answer, and a person with good thinking, the answer he does must also reflect his excellent thinking ability. >>>More
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