 The Financial Risk Manager (FRM®)The Financial Risk Manager (FRM®) is the certification recognized among financial risk professionals worldwide, with 24,139 FRMs in 90 countries across the globe.
Financial risk management is one of the hottest skill sets to have in the financial services industry today that offers excellent visibility and outstanding earnings potential. The profession has seen considerable growth over the past 15 years fueled by the complexity of financial products, increased regulation and recent notable failures.
Like other careers in finance, having an advanced degree and certification helps to increase your career potential in financial risk management. Our FRM holders have positions such as Chief Risk Officer, Senior Risk Analyst, Head of Operational Risk, and Director, Investment Risk Management, to name a few. If you are in financial risk management, or considering a career in it, then earning your FRM is the next natural step.
The FRM program is rigorous. A certified FRM holder has endured a comprehensive examination and has met the two year work experience requirement. Last year's exam was administered in 84 sites. (Click here to see sites)
The exam covers all the key areas of risk and the questions are presented in the context of real-world situations that a candidate might face.
FRM® Examination
New Exam Format Details
GARP revised its FRM certification program. From 2010 onwards, the FRM® Exam will be split into two parts – FRM® Exam Part I and Part II. Both Part I and Part II of the FRM Exam will be offered in May and November every year. Part I will be offered in the morning and Part II in the afternoon.
Please Note that you can register for FRM Part I & FRM Part II exam on the same day but in case you do not pass FRM Part I, GARP will not evaluate Part II and you will have to take both parts again.
The FRM Exam Part I
- 100 multiple-choice questions
- 4-hours in length, will be administered in the morning
- Approximately 200 hours of recommended study by GARP
- The FRM Exam Part I will cover the following topics:
- Financial Markets and Products (30%)
- Foundations of Risk Management (20%)
- Quantitative Analysis (20%)
- Valuation and Risk Models (30%)
The FRM Exam Part II
- 80 multiple-choice questions
- 4-hours in length, will be administered in the afternoon
- Approximately 200 hours of recommended study by GARP
- The FRM Exam Part II will cover the following topics:
- Market Risk Measurement and Management (25%)
- Credit Risk Measurement and Management (25%)
- Operational and Integrated Risk Management (25%)
- Risk Management and Investment Management (15%)
- Current Issues in Financial Markets (10%)
More information about FRM please visit www.garp.com
Course Details
Financial Services Academy (FSA) have been offering prep programs to help FRM candidates in Thailand prepare for the FRM exams since 2007. FSA will be launching our 4th Financial Risk Manager (FRM) prep course in Thailand starting in July 2010.
The Part I course for 2010 is from July to September, and the Part II course starting in September to November leading up to the 2010 November exam.
The registration for Part I training program is now open until Friday, 23 July 2010, and the registration for Part II training program is now open until Friday, 10 September 2010 or when the seats are filled. There are a limited seats as only 40 interested parties on a first-come, first-served basis.
Course Duration: 96 Hours (16 Days)
Course Schedule: All classes will be on Sundays
Course Start Date: July 25, 2010
Class Timings: 9:00 AM to 4:00 PM
Class Location: 33rd floor, room 331, Thai CC Tower (beside Surasak BTS), Bangkok, Thailand. View Map
* All classes will be conducted in only English.
Course Fees
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FRM Exam Part I Preparation Courses
Course Duration: 42 Hours (7 days)
Course fee: 25,000 Baht (Excluding VAT)
- FRM Exam Part II Preparation Courses
Course Duration: 66 Hours (11 days)
Course fee: 30,000 Baht (Excluding VAT)
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FRM Premium Package (Part I & Part II)
Course Duration: 108 Hours (18 days)
Course fee: 45,000 Baht (Excluding VAT)
Please note that only students who have enrolled in the Premium Package (Part I & Part II) are entitled to re-sit for future class at no charge until they pass the FRM Exam
Class Schedule
FRM PREPARATORY CLASS SCHEDULE
2010 NOVEMBER FRM EXAM (PART I)
FRM PREPARATORY CLASS SCHEDULE
2010 NOVEMBER FRM EXAM (PART II)
Click here
GARP™does not endorse, promote, review or warrant the accuracy of the products or services offered by FSA of FRM related, nor does it endorse any pass rates claimed by the provider. Further, GARP™ is not responsible for any fees or costs paid by the user to FSA nor is GARP™ responsible for any fees or costs of any person or entity providing any services to FSA. FRM®, GARP™ and Global Association of Risk Professionals™, are trademarks owned by the Global Association of Risk Professionals, Inc.
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