How to Apply for the FRM Financial Risk Manager Scholarship Application Eligibility

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.

In order to encourage more future risk management candidates to take the FRM exam, the GARP Association has set up a scholarship program for eligible FRM candidates. However, the scholarship is only applicable to the registration fee for the FRM Level 1 exam, and the FRM Level 2 is not suitable for this scholarship. Scholarships are awarded on the basis of merit and at the sole discretion of the GARP Association.

Eligibility: 1. Students applying for the scholarship must submit a full-time graduate enrollment certificate during the registration examination;

2. Students who are currently enrolled in undergraduate or certificate programs are not eligible to apply for scholarships, and will not be considered even if they apply.

3. Faculty members are eligible to apply for scholarships as long as they can provide full-time employment.

Fill out the application form

To apply for the FRM Examination Scholarship, you need to fill in the relevant application form, after filling it out, the association will review it according to the information submitted by the candidates, and the association will notify the candidates who meet the application qualifications by email. Candidates can also log on to the official website of the association to view the list of scholarship recipients.

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.

On Tuesday, January 5, 2010, '09 candidates will receive an email informing you of your pass.

After passing the FRM exam; 2 years of relevant working experience in financial risk management; Pay your dues on time, join a GARP membership and sign a professional ethics convention.

Certificates will be issued in mid-April 2010 to candidates who have passed the examination and met the requirements. As shown in the table, the pass rate is decreasing year by year due to the increasing number of applicants.

The FRM certificate of financial risk managers - 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.

First, you can apply.

Second, if you have less than 10 years of work experience, most schools require you to take a master's degree preparation course, commonly known as a preparatory course.

Thirdly, how much is the scholarship? Is it a full prize or a symbolic 2000-4000 of the kind? The latter is excellent in personal conditions, and you can apply if you are lucky. Don't dream about the former, a master's degree is a money-making program for UK universities (no school is an exception).