Money is everything, it doesn't matter whether you like it or not. The world has moved from the traditional ways of exchanging goods, and slowly evolved into our present era. Yes, goodwill matters, yes kindness also matters, and even helping others matters, but none of them can bring food to the table. And when you cannot bring food to the table, you are in trouble.
To tackle that, the financial sector has curated many roles like Actuary, whose sole purpose is to stop financial breakdowns. But today we will talk about a different role, which is not as complex as Actuary, but has a significant role in the financial sector. And it is none other than FRM. In this blog we will find out the FRM full form, FRM course details and what is FRM in one go.
FRM Course Details
FRM course is a specialized certificate program that is made for professionals aiming for a dynamic financial sector. Dynamic is a broad term that includes both domestic and foreign financial organizations alike. The main goal of this course is to annihilate as much risk as possible while saving businesses from making drastic changes over time rather than in an instant. These risks can be divided into three sections, and these FRM risks will look something like this:
- Market Risk: Risk from the overall market and its change in trend. It includes things like::
- Interest rates
- Exchange rates
- Equity prices
- Credit Risk: Risks from credits or loans that may never be paid.
- Operational Risk: Risks from internal failure due to:
- Internal processes
- People
- Systems
- External events
Risk is something that all businessmen fear to their bone, and it is the role of these FRM specialists to exorcise these demons from their company. Although the rate at which they can detect the risk may not be equal among all, still it is a worthwhile investment for both individuals looking for work, and founders who want to survive longer.
FRM Course Eligibility
FRM courses don't have an entry barrier or are considered as one of the toughest exams. Even first-year college students can enroll for the FRM certification exam. Although the basic necessity for the certification is straightforward, and they go like this:
- Must pass these two exams:
- FRM Exam Part I
- FRM Exam Part II
- Candidates must submit a work experience of 24 months at least after passing both exams. The duration of this task is five years, and if they fail to do so, their certification may get revoked.
The second point may sound harsh, but in reality, it is not. Because most FRM students actually manage to land a job in the financial market. Since the FRM course is not popular, there is a good chance that you may get hired on your very first try.
FRM Exam Pattern
FRM exam pattern is also pretty straightforward. It is created by the GARP or Global Association of Risk Professionals in the US. So the pattern they use for a particular region stays consistent over the year and it looks something like this:
- FRM Exam Part I:
- Question-type: Multiple-choice
- Questions: 100
- Duration: 4 hours
- Subjects:
- Foundations of Risk Management
- Quantitative Analysis
- Financial Markets and Products
- Valuation and Risk Models
- FRM Exam Part II:
- Question-type: Multiple-choice
- Questions: 80
- Duration: 4 hours
- Subjects:
- Market Risk
- Credit Risk
- Operational and Integrated Risk Management
- Liquidity and Treasury Risk Measurement and Management
- Risk Management and Investment Management
- Current Issues in Financial Markets
FRM Salary
FRM or Financial Risk Manager is a demanding and high-paying role that is growing in popularity every year thanks to things like: Artificial Intelligence, USA Tariffs, Overpopulation, New Policies, and so on. The reason may be anything, but the endpoint is that it scares the hell out of investors. And it’s the job of these legends to give them surety and mitigate the risk as much as they can.
It is not an easy job by any means, which is one of the biggest reasons why the salary breakdown based on experience looks like this:
- Entry-Level:
- Experience: 0-3 years
- Salary: INR 6 - 10 lakhs per annum
- Mid-Level:
- Experience: 4-9 years
- Salary: INR 12 - 20 lakhs per annum
- Mid-Level with Additional Certifications:
- Additional Qualifications: CFA or MBA (One of many)
- Salary: Up to INR 25 lakhs per annum
- Senior-Level:
- Experience: 10+ years
- Salary: INR 25 - 50 lakhs per annum
- Senior-Level in Big Industry::
- Industries: Large multinational banks
- Salary: More than INR 50 lakhs per annum
Frequently Asked Questions
Q1. What is the FRM course duration?
Ans. The FRM course duration is somewhere between one and two years. Usually, students ace the FRM syllabus in just 12 months, but sometimes additional programs and projects make it a bit longer.
Q2. What are the FRM course fees in 2025?
Ans. The FRM course fees will vary drastically based on your study approach. Based on coaching centers and institutes' standard prices, it can go up to ₹2,16,000. Add a few extras for study abroad plans or dormitories.
Q3. What is the name of the financial risk management course in India?
Ans. You have to understand that the FRM course is not a degree, it is a certificate. So the name is the same across the board. Doesn’t matter whether it is India or Australia, this FRM course will always be known as a financial risk management course.
Q4. How can I find FRM coaching near me?
Ans. It is pretty simple, just open Google and type this “FRM coaching near me”. It will summon a list of certified coaching centers near you that have been teaching about the FRM course for a long time. You can also browse their fees and then decide which one fits your bill and which one doesn’t.
Q5. Is the FRM course an Indian course?
Ans. No, the FRM course is not an Indian course even though there are countless exam centers in India. It is a certificate program that originated in the USA and it is offered by the Global Association of Risk Professionals or GARP for short.
