FRM (Registered Financial Risk Management Plan) is an international professional certification provided by GARP (Global Association of Risk Professionals).

GARP is a member association recognized by professional risk managers. 195 GARP has 500,000 members. These institutions, namely central banks, commercial banks, investment banks, companies, asset management companies, academic institutions and government agencies employ GARP members.

2. How to get a FRM financial risk manager?

Application conditions: college students can also apply for the exam, without academic qualifications and industry restrictions.

Time required for qualification (average): 1-2 years.

Qualification fee (excluding training fee): USD 65,438+GBP 0,200.

International recognition: The high and authoritative international risk management industry qualification certificate has been paid more and more attention by financial institutions, and the number of global applicants has increased rapidly.

Domestic recognition: people with FRM certificates are increasingly recognized by major financial institutions.

About FRM exam

In order to obtain certification, FRM examination is compulsory, including Level 2 examination. The first part of FRM exam includes tools for evaluating financial risks, such as risk management foundation, quantitative analysis, financial markets and products, valuation and risk model.

The second part of FRM exam focuses on the further exploration of current problems through market risk measurement and management, credit risk measurement and management, operational and comprehensive risk management, risk management and investment management, and applies the tools obtained in the first part of FRM exam to financial markets.

Successful candidates need an average of two years to obtain FRM certification. The examination fee is between $ 1050 and $ 1500. FRM Level 1 and FRM Level 2 exams are held twice a year, and both exams can be held on the same day. Each level of examination takes about 150 hours of study time. The historical pass rate of FRM examination is about 40%-50%.

3. The advantages of 3.FRM one certificate in hand

Holding FRM qualification certificate has many professional benefits. Here are a few examples.

FRM's famous global employer

Financial employers all over the world deeply realize that to succeed in the rapidly changing financial industry, it is necessary to recruit FRM talents with professional knowledge and skills. FRM is a highly regarded qualification certification in the field of financial risk. Forty-six of the world's top 50 banks have FRM holders.

Global banks that employ FRM include:

Bank of America, Bank of China, Industrial and Commercial Bank of China, Agricultural Bank of China, HSBC, Wells Fargo, Citigroup, Santander Bank, JPMorgan Chase and China Construction Bank.

Goldman Sachs, KPMG, Deloitte, Pacific Investment Management, JPMorgan Chase, BlackRock, Morgan Stanley, Credit Suisse, bridgewater, Man Group, Barclays Bank, ING, AIG.

82% financial enterprises tend to hire FRM holders.

FRM certification will provide you with a lifelong platform to contact global financial risk managers and accelerate your career development opportunities. 82% of financial enterprises said that they are more willing to hire employees with FRM.

Enhance professional knowledge in the field of financial risks

FRM is a rigorous and challenging certificate examination. At the same time, the FRM exam will be updated twice a year by professional risk managers. You can keep abreast of the latest financial risk knowledge and market bias of management tools. Therefore, with the FRM certificate, you will improve your professional knowledge in the field of financial risks.

4. Frm Holder's salary level

Domestic FRM salary: 250,000 ~ 654.38+00,000.

Foreign FRM salary: about 654.38+0 million.

geographical position

Geographically speaking, FRM holders can get career development opportunities in the United States, Britain, Hongkong, Singapore and China, but there will be some differences in salary.

vocational development

The positions mainly involved are financial institution risk management department, financial institution audit department, asset management department, fund manager, financial trader (broker), investment banker, commercial bank, risk technology industry, risk consultant, enterprise accounting and audit department and CFO, MIS and CIO of various enterprises.

5. Is 5.FRM more suitable for China students than CFA?

The admission rate of investment banks is less than 3%, but risk management favors China students, which is less difficult than entering the investment bank's front desk. The position is very stable and secure, the pressure of promotion is relatively small, and the working hours are not as long as IBD. Generally speaking, the main position of FRM certificate holder is the risk management department.

6. What is the future of 6.FRM?

The financial industry has strengthened the measurement and management of financial risks and improved its ability to prevent and control financial risks. Therefore, professionals with knowledge of risk management are welcomed by enterprises.

Global financial institutions are thirsty for talents.

Judging from the top 20 employers of FRM, they are all global financial institutions, and 60% of them are global banks. As an institution that manages assets, the first task of banks is to reduce risks. 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.

The scarcity of FRM talents has brought about an increase in salary.

However, FRM examination education in China is relatively insufficient, and financial risk management talents with professional qualifications are even more rare. The scarcity of talents has brought about an increase in salary. When recruiting relevant positions in the risk management department, people with FRM certificates are preferred. If the applicant has an overseas background or a related master's degree, priority can also be given.

The salary of FRM holders is higher than that of ordinary employees at the same level.

In addition to banks, FRM is also active in various fields of the financial industry. The data shows that the salary of FRM holders is significantly higher than that of ordinary employees at the same level.

7. Why is FRM· Holder's salary higher?

The financial industry is a high-risk industry, and there are many financial risks such as exchange rate risk, interest rate risk, accounting risk, market risk and credit risk.

This has also led to a sharp increase in the demand for financial risk management professionals in these industries. However, due to the lag of relevant education in China, the supply of talents is obviously insufficient. Well-trained and professional qualified financial risk managers are scarce, and the shortage of talents leads to an increase in salary.

At present, financial risk managers are well paid. Participating in professional training and obtaining qualification certificates is a shortcut to become one of the hot talents.

Someone asked, how difficult is FRM? If I have to answer, Bian Xiao wants to say that if I choose between losing weight and learning FRM by myself, I would rather lose weight.