There are many dazzling certificates in the financial industry, but some of them have high gold content and some may have high water content. Especially for college students who have just stepped out of school, it is particularly important to choose a reliable financial certificate to add points for themselves. Many CFA candidates often compare CFA with FRM, so today Gao Dun CFA

Xiaobian introduces the differences between CFA and FRM.

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CFA Financial Analyst

CFA is the abbreviation of "Chartered Financial Analyst" and is internationally praised as "the entrance ticket to Wall Street". With the rapid development of global finance being recognized by many countries around the world, it has also given birth to the urgent demand for CFA talents in China, and it is also known as the * * qualification certificate leading to an annual salary of 1 million, as well as the incomparable high salary and admirable job after obtaining CFA qualification.

FRM Financial Risk Manager

FRM, whose full name is financial risk manager, is a professional qualification certification in the field of global financial risk management. FRM was established by the Global Risk Management Association (GARP) headquartered in the United States, and has become one of the professional requirements of many international financial institutions and risk management departments of multinational companies. Obtaining FRM certification is a necessary weight for financial risk management professionals to get a raise and promotion!

CFA and FRM provide financial professionals with a complete knowledge system of investment decision-making and risk management, and are praised by the industry as the golden double certificates in the international financial field.

At the same time, he obtained two certificates of CFA+FRM, and became a financial talent with breadth and depth, which was sought after by financial institutions all over the world!

comparison of cost performance

1. CFA focuses on investment, while FRM focuses on risk management.

In terms of breadth, CFA is more helpful for finding a job than FRM. CFA is almost for those who specialize in investment banking, investment and fund. Taking CFA is definitely a plus item. If not, it is good to popularize financial knowledge. Judging from the hardness, breadth and awareness of stepping stones, CFA is definitely greater than FRM.

But generally speaking, the current domestic financial market and risk control system can't be well connected with the knowledge systems learned by CFA and FRM. These two certificates are more important as stepping stones than practical applications. However, as China's financial market becomes more and more open and closer to the world, the value of CFA and FRM will be more and more reflected.

2. Which job is easier?

the certificate itself is not decisive for employment. However, because the original intention of many candidates to take the exam is employment or career change, if you must choose a certificate that is more helpful to employment, it must be CFA.

if there are five corresponding results in the job search website in the United States with "FRM" as the key word, there will be at least 1 CFA searches.

Comparison of the difficulty of the two exams

CFA is not as difficult as the legend (even I have seen two science students taking exams for fun). I think the main reasons for the lack of CFA holders are the following three reasons: too much cost, a little more subjects, and too much exam intensity (too long time). Suitable for the crowd: students who are well-off, have ample time, have 3 years' work experience or decide their development direction, and can withstand the psychological and physiological torture of the ultra-long exam (students who have killed G are preferred). FRM is a * * choice in risk management, which requires a little higher mathematics. If science and engineering students want to transfer to finance, this exam is definitely superior to business students, of course, it is also expensive, but I am more concerned about FRM because its exam conditions are very relaxed, PI. You can pass the exam at one time (if you have the ability). If business students take the exam, there is no big problem in consolidating probability theory, mathematical statistics and statistics a little.

There are different opinions about the difficulty of p>FRM exam. Some people say it is simple, while others say it is difficult. Some people say that they passed the exam by flipping through the books before the exam. Some people say that they have read the books several times and have done a lot of questions, but they still have no bottom in the exam. Looking back at the exam, I sincerely remind you that the FRM exam as a whole is difficult, so it is necessary to remember that the exam is risky and it takes hard work to prepare for it!

FRM level 2 CFA level 2, FRM exam textbook Core readings has more than 9 pages, which is a good reflection. FRM test is different from CFA test, CFA tests the breadth of knowledge, FRM test tests the practical experience of risk control more, and has a high degree of professionalism. If the examinee's understanding of international risk management practice is not deep and comprehensive enough, it is difficult to understand the examination questions (not language ability here, but professional ability), while FRM1 focuses on the assessment of theoretical knowledge, and the difficulty is relatively simple and 4% of CFA's knowledge system is the same. To sum up, the energy spent in FRM examination is definitely not only the understanding ability of theoretical knowledge, but also the actual observation ability in the industry.