What is the best certification programme if you want to specialize in?
If you prefer to not appear for both the levels simultaneously, it takes around 1 to 1.5 years to clear both the levels. The exams are registered in the GARP (Global Association of Risk Professionals) website. 2 years work experience in the field of risk management can be acquired even after the completion of the FRM exam in order to attain the designation. Syllabus:- FRM part 1 contains subjects concerning the basics of finance like Foundations, Quants, Financial Markets and Valuation Method. While part 2 is generally related to risk management covering subjects like Market Risk, Credit Risk, Operational Risk, Investment Risk and Current Issues. Pay-Scale :- There is no fixed amount of salary an FRM can expect to get. The pay generally depends on your performance and how you use the skills you learnt during the course. For an FRM, his/her designation, presentation skills, IT skills, general knowledge, how well read he/she is and the economy's knowledge are some factors which can play a significant role in the pay-scale. Studying and constantly increasing your knowledge will increase your chances to get a higher salary. At the end of the day an FRM will not be paid for the degree that they have, they will only be paid for the level of revenue they can generate for the company. Salary also depends on the country you are working in, for example the salary of an FRM in the U.S is more due to the high cost of living there. Career Options :- As an FRM, you can easily get job prospects in financial institutions, investment institutions (stock trading, loan, hiring, leasing), credit rating agency, banking sector and energy companies. However, it is not very applicable for business. There are a lot of IT sectors that hire FRM's to work in the field of data theft. There is also a growing application of FRM in the Fintech sector. As an FRM, if you work somewhere, people will be laying their financial future in your hand so a certain code of conduct and ethics must be maintained. It is very difficult to get an honest opinion these days, however, watching the video of Aswini Bajaj (global consultant in finance, public speaker and trainer) on youtube, will give you a better view on this topic.