The FRM certification exam is typically given twice a year. Prior to the exam, it is offered once a year. In the US, the test is typically offered in May and June. The exam examination is open to practicing professionals interested in risk management. The top scorers on the exam are qualified to achieve the Gold Risk Management Certification conferred by the Society for Risk and Insurance Management.
According to GARP, the FRM exam is a harder version of the FRM (Financial Risk Manager) exam. The FRM exam is valid for those who are enrolled as financial risk or contingency risk managers. Whereas the FRM exam course of credits requirements includes 167 different topics. In addition, the FRM exam is the prerequisite for the GARP designation.
FRMs must earn not less than five (5) continuing education (CE) credits, including two (2) credits of FRM certification training. The FRM exam is offered twice a year and at the conclusion of each examination, you'll be issued a certification mark.
The FRM exam is offered by dozens of countries and agencies. Candidates need to possess or have obtained a bachelor's degree in one or more of the following disciplines: Accounting, Economics, Finance, Law, Management, or Pharmacy. They also need to be able to demonstrate a working knowledge of regulatory and industry standards in their related field.
Upon completion of the FRM exam, candidates are qualified to confer qualification marks on organizations that employ risk management professionals or where risk management is a key component of the business. The test is by invitation only.
Like the FRM exam, the GARP exam must be taken at least twice per year. According to GARP, the exact date and the start or end times of the exam may not be determined until the month prior to the test. Candidates who wish to take the exam must register months in advance of the test date.
While this investment in time, investment in prep literature are the key elements of the exam, GARP recommends, that while you are preparing for the test "you have to supplement your preparation with real financial markets to gain the hands-on experience." A workshop can be a good start. d2c66b5586