Does anyone know what the FRM exam is for?

Finance is a discipline that studies how to optimize the allocation of assets from the two dimensions of time and risk. Therefore, "risk" plays a pivotal role as a core variable in the financial sector. Financial risk management technology has received unprecedented attention, and the FRM exam has developed rapidly, and has been recognized by Wall Street and many well-known financial institutions in Europe and the United States, risk management departments of large companies, as well as the most authoritative certification in the field of financial risk management in various countries.

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 2008, ICBC had 140 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.

As a person who has come over, I have some CFA and FRM friends around me, I can tell you that the gold content and recognition of CFA is much higher, although FRM has been developed in China for a while, but many people in the financial industry have not actually heard of it, and it is really boring for you to explain it to them. And CFA is something that almost everyone has heard of.

As for the salary, you shouldn't have a job yet, I can tell you that certificates like CFA and FRM can only make you like a tiger, provided that you are a tiger, a certificate, no matter how bullish, gives you a progressive role.

On the premise that you have a certificate, the salary is about 3Q 5Q, and the better one is about 6Q, in fact, it is not much different from ordinary people, but with your own accumulation and promotion, its left and right will become bigger and bigger. How to put it, I can bet that the certificate can give you an advantage at the beginning, but it won't bring you much salary, and it will not be until a certain point that it will start to help you get promoted, bringing you more room for development and salary.

In addition, this industry attaches great importance to academic qualifications and certification, but in fact, it attaches more importance to individual ability. I hope that the landlord can improve himself, have good morality, and become a respected person in this industry.

As a person who has taken the exam, the FRM exam procedure is much simpler than CFA, but the difficulty is not low at all, and the real questions are difficult and weird, I hope the landlord will study hard.

I also hope that by saying this, I can think about those who want to rely on a certificate and can get a high salary in the beginning.

The FRM exam can increase employment opportunities.

The role of FRM is progressive. At the beginning of the premise of having a certificate, the salary is about 3q 5q, and the good ones are about 6q, in fact, there is not much difference from ordinary people, but with their own accumulation and promotion, its left and right will become bigger and bigger.

Let's find outfrm：

FRM (Financial Risk Manager) is the top authoritative international qualification in the field of global financial risk management, established by the Global Association of Risk Professionals (GARP) in the United States.

GARP is one of the world's largest financial associations with 150,000 members from more than 195 countries, serving more than 5,000 banks, companies, academic and research institutions, management institutions, asset management institutions, insurance companies and non-financial companies. Its main function is to raise standards in the field of financial risk management worldwide through the exchange of information and the implementation of educational programs.

Financial Risk Manager (FRM). It is an international professional qualification for professional risk managers. Certifications and exams are conducted by the Global Risk Management Institute (GARP).

FRM is specifically aimed at those who are engaged in financial risk management, including financial product market risk managers, credit asset risk managers, foreign exchange risk managers, ** risk managers, operational risk managers, legal, accounting and tax risk managers. FRM certification arranges training content according to the actual needs of these people, imparting professional knowledge such as quantitative analysis, market risk measurement and management, credit risk measurement and management, operation and overall risk management, law, accounting and ethics, etc., and tailoring financial risk management professionals. At a time when financial markets and financial products are becoming increasingly complex and interdependent, only those institutions that can effectively manage and control risk can succeed.

The purpose of the FRM qualification examination is to equip the holder of the title with the knowledge of the risks necessary for independent risk management and decision-making. A portfolio manager doesn't know much about simple fixed income analysis; A quantitative analyst does not know much about the daily fluctuations in the exchange rate of the yen and the dollar; A financial officer is unaware of the Federal Reserve's (Fed) basic requirements for derivatives risk operations. These have become commonplace in the industry.

Therefore, the FRM exam is designed to test whether the candidate has basic analytical skills, general risk knowledge, and intuitive ability gained from experience in the capital market.

Although organizations and organizations are accustomed to using extremely complex risk analysis models to manage, control, and prevent risks, in fact, risk managers can quickly assess and control risks, and test and test the assumptions and results of analytical models using the skills of empirical guidelines. The FRM exam places a strong emphasis on these operational skills. In addition, the FRM exam tests the risks of different financial markets and various financial instruments, regulatory practices, credit risk concepts, etc.

With the rapid growth of the domestic market's demand for financial risk management talents who are familiar with international practices and have professional qualifications, more and more financial practitioners will obtain certificates and enhance their personal competitiveness by participating in various financial certification trainings. However, it is not easy to obtain a certificate, and for domestic candidates, there are the following three thresholds, which need to be done within their means.

FRM candidates need to be rational about FRM certificates, FRM is actually facing different degrees of surplus in different places, in fact, this phenomenon is not surprising, just like the surplus of Chinese college students, if you want to take the FRM exam, you must have a deep and clear understanding of what your goal is. lest you fail the exam and find a job in risk management, and feel like you have failed the exam.

Once you know your goals, no matter what happens in the future, you can be calm, peaceful, and full of perseverance. Calmness, peacefulness and perseverance are the characteristics of successful people. I believe that the core knowledge emphasized in the FRM exam will play an increasingly important role in the coming days.

For an investor, the knowledge in the FRM exam is much more useful than getting a job in the financial field.

Jin Cheng wishes you to find your dream job after taking the FRM certificate.

Ability first, academic qualifications second, certificate third, if it is a job interview, academic qualifications may be the first hurdle, the certificate depends on your direction, different industry certificates are different, FRM is a high-end certificate in the financial industry, in the job interview related to the financial industry, especially the direction of financial risk control, this may be a hard hurdle! If you have it, you will keep it, and if you don't, you won't keep it, after all, any employer will choose a certificate that looks better and proves ability. Hope it works.

There is no more sought-after and valued skill in the field of risk management than financial risk management. For those who want to engage in the financial risk management industry, FRM's course is a shortcut to equip practitioners with risk management capabilities in the fields of market, credit, investment, etc., so as to become "all-rounders" in risk management.

In order to eliminate financial risks, any company in the financial industry is thinking about hiring more FRM charterholders to join the risk management team. Because if you want to become a professional financial risk manager with a place in the industry, it is indispensable to be recognized by FRM qualifications. Having an FRM in hand will also quickly open up the gap between you and your buddies.

A Citibank employee revealed, "FRM can give you huge dividends, not only in terms of career and education, but also in terms of broadening your horizons and enriching your learning experience, and these invisible benefits will slowly emerge in the future." ”

What exactly does FRM do? If you are doing financial risk management, whether you are from North America or China, or from the United Kingdom or Japan, a certificate cannot represent anything, but it can represent your determination, confidence, and super learning ability! If you like your job very much, then congratulations, the exam is a pleasure for you, and the exam + work will continue to enhance your personal value, so that you can find inspiration from the exam on how to make yourself an expert in this field, instead of complaining and complaining all day long.

But after the exam, I felt that I would definitely be able to pass, so this result did not give me much joy. There is also a big brother in the class, it is no exaggeration to say, he is really, very, very poor, and the handbook has not been read at all, and the work has nothing to do with the content of FRM, and the accuracy rate of the real questions is only 60%, and he became a father, and he basically didn't have much time to read when he went home, and sometimes he gave him a lecture, and his receptivity almost made me jump off the building, but he also passed.

If you just want to pass the exam, as long as you watch for 2 or 3 hours a day, have 3 or 4 months to stick to it (watch more on weekends), have the courage to walk into the exam room, and complete the two parts of the exam in the morning and afternoon, it is basically easy to pass. If you want to find a job through this, it is recommended that you lower your expectations to a very low level, which is difficult to say. Just like a Chinese quasi-actuary, if you don't have the opportunity, without the help of nobles, it is very difficult to really do actuarial science, and if you don't have work experience, there is basically no opportunity.

Before the exam, please be clear about your purpose and make a plan and goal for yourself, FRM may only be a small part of this plan, you can't just expect the FRM certificate to bring you a high salary and a good job. After having the FRM certificate as a stepping stone, you must also continue to practice, accumulate work experience, and improve in order to become an expert in the field of financial risk management.

Advantages of FRM Certificate:

1. You will be a global leader in risk management.

2. You will have an advantage in some of the jobs you have applied for in important risk management departments3. The professional certification of FRM will distinguish you from your peers4. Learning about risk management in today's volatile market environment will make you appreciated in the company5. (It will give you the satisfaction of combining personal achievements, conquering exams, and becoming a risk manager in the world*4.

6. Financial risk management can also be used as an objective benchmark (market risk) for you to master the knowledge of major strategic disciplines

credit risk) business risk).

Risk management in investment management).

7. It allows you to join a group of 13,685 financial management elites in the world who have become FRMs.

8. Worldwide, provide opportunities to expand your personal and professional level.

9. Establish a platform for you to communicate with the world's leading risk management professionals, so as to improve your ability.

FRM sets norms and standards for global risk management in terms of ethics, professional standards and body of knowledge. It is a highly valuable qualification in the field of global risk.

Hello classmates, I'm glad to answer for you!

FRM is a qualification in the field of financial risk management, established by the Global Risk Association (GARP) in the United States.

GARP is one of the world's largest financial associations with more than 30,000 members from more than 130 countries, mainly composed of risk management professionals, practitioners and researchers. Its main function is to raise standards in the field of financial risk management through the exchange of information, the implementation of educational programs.

The FRM exam began in 1997 and is held annually in mid-November, and has been in place for eight years until 2004, with more than 3,300 people worldwide receiving the FRM title. There are test centers in Beijing, Shanghai, Hong Kong, and Taipei, China. At present, about 1,500 people in China have obtained FRM certificates.

Although the FRM exam has not been established for a long time, it has developed extremely rapidly, and has been recognized by Wall Street and other well-known financial institutions and large companies in Europe and the United States, as well as the most authoritative certification in the field of risk management. Moreover, the FRM exam only takes one level, and all of them are standardized, and the cost is relatively low. Therefore, friends who are interested in financial risk management or are engaged in related work may wish to give it a try, which can not only improve their risk knowledge level, but also add a heavy bargaining chip for career development and career development.

Gordon wishes you a happy life!