1, FRM is a strict and recognized qualification certification in the field of financial risk management. Even if it is only one level, it can also play a corresponding role.
FRM Part 1 The examination focuses on the fundamentals of financial markets, theoretical knowledge of financial instruments and methods for measuring risks. The second part of the exam focuses on practical application ability on the basis of the previous part.
The examination structure of part 1 is as follows:
1. Risk management basis (20%)
2. Quantitative analysis Quantitative analysis (20%)
3. Financial markets and products Financial markets and products (30%)
4. Valuation and risk modeling. Valuation and risk model (30%)
100 the difficult multiple-choice questions must be completed within 4 hours, not counting the time to fill in the answer sheet, with an average of only 2 minutes and 40 seconds for each question.
Being able to pass such a difficult exam is enough to prove that you have a solid understanding of financial instruments, derivatives and risk management. These are all things that can be transformed into practical work ability, and naturally they are not useless.
2. For different groups of people, primary adoption of FRM has different uses.
College students who have not graduated:
Since the summer vacation of junior year, most students are busy preparing for next semester's autumn tricks. But if you suddenly find that you don't like your professional counterpart's work, it's too late to accumulate experience in the high-paying financial industry. At this time, the role of FRM level is highlighted.
The preparation time of 1 given by official website is about 200-300 hours. In other words, students can prepare for the May exam in junior year and participate in autumn recruitment; Or start reviewing in the summer vacation of junior year 165438+ 10, and prepare for the spring trick in 65438+ 10. The advantage of FRM is that students can register in the school, which makes it a "tool kit" for finding a job before graduation.
People who have already worked but want to change jobs:
For example, Jin Cheng, who used to work in a financial information company, later handled a financial risk case and wanted to change careers. At that time, she was busy with work and only had time to get through.
However, by winning the next level, she also successfully obtained the interview and successfully obtained the offer of the risk control center of the Internet finance company. FRM has only a few thousand holders in China, and things are rare. Passing the first-level FRM exam is also a highlight of HR.
Insiders of the bank:
Needless to say, the bank has approved FRM. China Industrial and Commercial Bank has long been the global employer of FRM licensees, followed by several major banks, such as China Agricultural Bank, China Construction Bank and HSBC. Passing the FRM exam can become the shortage of talents they need.
Furthermore, banks have direct rewards for financial certificates with high gold content, encouraging employees to conduct textual research. For example, FRM can directly exchange high bonuses through FRM's 1 level or level 2.
In addition, when there is a vacancy in the post of typhoon prevention in the bank, internal recruitment will be carried out. If only you have passed the FRM Level 1 exam among the candidates, and no one else has a certificate, then you have a great advantage. For those who want to change jobs within the bank, it will be a cost-effective choice to take the FRM exam.