Advantages of Attaining an FRM® Certification

Advantages of Attaining an FRM® Certification

If you are interested in working in risk management, becoming a certified financial risk manager (FRM) will give you an edge in the marketplace. The FRM certification offered by the Global Association of Risk Professionals (GARP) aims to provide you with in-depth knowledge and understanding of risk management concepts and gives you skills to excel in the fast-paced and ever-changing financial markets.

Attaining an FRM certification will give you an edge in the industry and provides employers confidence that you understand risk management and your skills meet international professional standards.

1. The FRM certification will help you stand out in the workplace

The FRM designation is the gold standard for financial risk managers. Having this credential will set you apart and prove that you have excellent mastery of strategic risk management. Top financial institutions globally seek to employ candidates with the FRM certification, therefore, assuring you of good career prospects.

Financial and asset management firms seek employees with the FRM designation because they have specialized risk skills that are an asset to any company. Certified FRMs can identify and assess potential risks to the business and develop recommendations on avoiding or mitigating these risks. They develop risk management plans and strategies that enhance decision-making.

The FRM curriculum helps you understand how to prioritize risks and identify the most cost-effective way to manage them. Financial risk managers are essential to a company’s success because they allow the company to adapt to changing markets and create strategies to help mitigate risk in the future.

2. Having an FRM certification will help you advance your career

The FRM designation has gained popularity in the financial industry since its introduction in 1997. The need for financial risk professionals in the financial sector is growing, and attaining an FRM certification will help you advance your career. Certified FRMs hold top-tier managerial and executive positions that focus on risk management, and these financial job designations will grow in the next decade. The salaries of financial managers are also lucrative, and you can earn up to $150,000 annually, according to PayScale.

Attaining an FRM certification will help you advance your career in various managerial positions such as a credit risk manager, market risk manager, operational risk manager, and chief risk manager.

The FRM certification is internationally recognized as the leading certification for risk management professionals and helps financial firms identify candidates with exceptional skills and experience. The FRM certification is not easy to attain; therefore proves to employers that you have the skills required to identify, assess and put in place strategies to reduce the impact of risks to the financial institution.

3. An FRM certification will help you join a global network of professionals

The FRM certification is globally recognized and accepted in the finance industry as the gold standard in risk management professionals. Attaining the FRM certification will help you connect with a global FRM professionals’ forum with over 32,000 members. You will be able to network and learn about financial markets on a worldwide scale.

Attaining an FRM certification will allow you to become a member of GARP and grow in your career. GARP provides its members with professional resources, services, and learning through networking and learning opportunities.

GARP members enjoy access to premium content such as industry surveys, whitepapers, and webcasts. They contribute to research within the industry and access information on risk intelligence. Members have access to the member directory and can easily find and contact other certified professionals from all over the globe.

Members are granted admittance to local, national, and global events in the industry. Additional perks of membership include discounts on GARP products, exclusive offers from GARP partners, and an invitation to their annual risk convention.

How does one earn the FRM® certification?

Attaining your FRM certification is simple and requires you to pass both part I and part II of the FRM exam. You should pass part II by the end of the fourth year after completing part I of the FRM exam. You should also submit evidence of two years of full-time work experience in financial risk management after completing part II.

GARP defines relevant work experience as to where you are in a role where you are involved in the identification, measurement, monitoring, or management of risk. Experience up to ten years before sitting for FRM exams is acceptable. You are required to submit your work experience within five years after completion of the course. If you fail to submit it within the given timeframe, you will need to re-enroll in the program, pay all the fees and retake both FRM part exams.

Start your journey to FRM certification by enrolling and registering for the course. The next step is to start studying for your FRM examination. Contact us at for our FRM study packages to help you prepare for your exams. You will have access to notes and video tutorials from the best professors and an up-to-date sample question bank to help you pass your exams on the first try.