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Asked: March 3, 20202020-03-03T00:00:00+05:30 2020-03-03T00:00:00+05:30

Can anyone suggest whether FRM is worth it or not?

Can anyone suggest whether FRM is worth it or not?
frm
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  1. Deepak Kaushik
    Deepak Kaushik
    2021-07-27T20:57:21+05:30Added an answer on July 27, 2021

    The FRM designation is truly one of the most respected and globally recognized in the finance industry. It's not just about the knowledge and skills that you gain, but also the practical experience that can take your career to new heights. When I think about the various roles and industries that theRead more

    The FRM designation is truly one of the most respected and globally recognized in the finance industry. It’s not just about the knowledge and skills that you gain, but also the practical experience that can take your career to new heights.

    When I think about the various roles and industries that the FRM opens up to, it’s a HUGE list – RiskAnalyst , to a Senior Risk Manager or even a Chief Risk Officer- in companies like PWC, HSBC, KPMG, Deutsche Bank, Citigroup etc.

    From a career perspective, FRM is more of a specialized certification than a general one like CFA. It’s specifically designed to help professionals acquire knowledge in various forms of financial risks, including potential credit risk, liquidity risk, operational risk, and market risk. It’s highly respected by banks and financial institutes as they deal with such risks regularly.

    But let’s be honest, the FRM is not easy. Clearing the exams requires a significant amount of hard work, dedication, and practice. It’s not for the faint-hearted, but the sense of accomplishment that comes after passing it is truly indescribable. It’s the kind of feeling that makes all the hard work and sleepless nights worth it!

    If you’re someone who wants to take on a challenging yet rewarding career in finance, the FRM is definitely worth considering. It’s a journey that may be tough, but the end result is fulfilling.

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  2. Shivani Tanwar
    Shivani Tanwar
    2021-12-16T10:33:06+05:30Added an answer on December 16, 2021

    FRM is a certification that helps you use risk management tools when making financial decisions. It is becoming more and more popular among businesses, and I would recommend getting it if you want to work in risk advisory. It is definitely worth it!

    FRM is a certification that helps you use risk management tools when making financial decisions. It is becoming more and more popular among businesses, and I would recommend getting it if you want to work in risk advisory. It is definitely worth it!

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  3. Akhil Arora
    Akhil Arora
    2021-04-05T04:13:55+05:30Added an answer on April 5, 2021
    This answer was edited.

    In my personal opinion, the effort and money that I spent on earning the FRM certification were definitely worth it! The knowledge and skills that I acquired while preparing for the exam have been immediately useful in my job because I work in a quantitative role in a Hedge Fund. FRM helped me securRead more

    In my personal opinion, the effort and money that I spent on earning the FRM certification were definitely worth it!
    The knowledge and skills that I acquired while preparing for the exam have been immediately useful in my job because I work in a quantitative role in a Hedge Fund. FRM helped me secure my current job, where I use my knowledge of risk management on a daily basis.
    Not only that, the FRM has opened doors for me that I never thought possible. I’ve also realizes that having this degree paired with my experience in SQL, R, and Python makes my resume stand out. It opened up a wide range of job prospects.
    Overall, I think that FRM offers a well-balanced blend of rigour and difficulty, and I would recommend it to any professional wishing to pursue their career in risk management. Thanks!

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  4. Mehak Dhawan
    Mehak Dhawan
    2022-11-11T03:03:02+05:30Added an answer on November 11, 2022

    Hello, we can claim that the FRM is a well-known title all over the world. Not only does it assist in developing the necessary skills, but it also offers job opportunities that are lucrative in monetary terms. The benefits of the FRM are numerous. It takes much less time when compared to other coursRead more

    Hello, we can claim that the FRM is a well-known title all over the world. Not only does it assist in developing the necessary skills, but it also offers job opportunities that are lucrative in monetary terms.

    The benefits of the FRM are numerous.

    • It takes much less time when compared to other courses.
    • The costs of doing FRM are lower than those for other programs like the MBA or CFA.
    • After finishing Part 1, you will get job opportunities.
    • Your salary will be decent.

    All of these things will only work out for you if you are committed to your goals. If you want to pass the exam the first time around, you must put a lot of effort into your studies.

    All the best!

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  5. Anonymous
    Anonymous
    2022-02-17T20:16:40+05:30Added an answer on February 17, 2022

    FRM is the ideal stepping stone for your success if you're interested in a risk management job that has plenty of room for growth. The FRM designation opens up a wide range of career opportunities in finance, particularly in the areas of credit risk, market risk, and regulatory risk. So, in terms ofRead more

    FRM is the ideal stepping stone for your success if you’re interested in a risk management job that has plenty of room for growth. The FRM designation opens up a wide range of career opportunities in finance, particularly in the areas of credit risk, market risk, and regulatory risk.

    So, in terms of employment and pay, taking FRM is worthwhile because you will be hired soon after the course is complete, and you have to ensure your knowledge is up-to-date. You must gain practical skills such as Python, Excel etc. if you want to increase the chance of getting a job. FRM certification undoubtedly gives one’s profile a lot of clout, even though the range of employment and career options highly depends on individual knowledge and skills.

    As a result, FRM is worthwhile.

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  6. Nikhil Gupta
    Nikhil Gupta
    2022-01-19T17:49:27+05:30Added an answer on January 19, 2022

    Yes, it is worthwhile to pursue FRM. But if you find it difficult to study independently, enroll in some coaching to help you learn more efficiently. As for me, I've enrolled in Quintedge. I wasn't convinced that FRM had much scope before enrolling there (I just enrolled on the advice of my brother)Read more

    Yes, it is worthwhile to pursue FRM. But if you find it difficult to study independently, enroll in some coaching to help you learn more efficiently. As for me, I’ve enrolled in Quintedge.

    I wasn’t convinced that FRM had much scope before enrolling there (I just enrolled on the advice of my brother), but after doing so, I learned that it does and that it is worthwhile to study FRM.

    FRM designation has radically altered my life. It has changed everything for me because I was able to get a job at PWC after passing the examinations. Opportunities and experiences have come my way since then, and they have been absolutely priceless.

    The FRM is a highly regarded and internationally recognised certification that can be advantageous for your career. It is not simply any regular certification. Anyone who wishes to further their profession in finance should definitely check out this exam, in my opinion.

    Best of Luck!

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  7. Anonymous
    Anonymous
    2022-07-02T11:03:13+05:30Added an answer on July 2, 2022

    Hey there, let me give you an absolute answer : FRM is worthwhile. You might be wondering, How? I have provided some details in the answer that will help you understand why it is worthwhile. I'll start by contrasting the price and duration of the FRM with other courses. Everyone is concerned about tRead more

    Hey there, let me give you an absolute answer : FRM is worthwhile. You might be wondering, How? I have provided some details in the answer that will help you understand why it is worthwhile.

    I’ll start by contrasting the price and duration of the FRM with other courses. Everyone is concerned about the price and the anticipated completion time.

    If I evaluate the FRM curriculum against other degrees like a CA or MBA, The duration of the FRM and MBA programs is 2  years. However, CA will take at least two 4 years to finish. If you don’t pass the exam in one sitting, it can also take you 10 years to do so. This all depends on your caliber.

    So this is where I think FRM excels because, within a short duration, you can earn this reputed certification.

    Now, the cost is the second-most crucial issue that everyone is worried about. FRM will only cost you Rs 2- 2.5  lakh. When compared to an MBA program, a reputable college will cost between 10 and 15 lakhs. Therefore, if we are receiving a reputable certification for just Rs. 2 lakh, doing FRM is worthwhile.

    Consider investing only Rs. 2 lakhs in a course and earning Rs. 1 lakh per month. I’d say that FRM is worthwhile in every way.

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