yesitsconcepts-blog

[yesitsconcepts-blog]

The Beginner's Guide to The FRM certification

Practice of dealing with Economic values with the help of financial instruments including credit risk, operational risk, share price, exchange risk, inflation risk, liquidity risk and so on falls under the category of financial risk management.

Whenever a person is dealing with financial risk management, it is a must for them to identify the resources and also measure them and then plan accordingly.

To be a financial risk manager, a person must get available with FRM certification. It will help them to understand all the aspects linked with financial risk and will also help them to know how they can deal with it.

Here we will be going to discuss all the aspects linked with FRM certification. These are as follows:

Course in FRM exam:

The FRM exam is divided into two parts. The course is as follows: -

Part-1

Foundation of risk management concept

 20%

Quantitative analysis

  20%

Financial market and products

30%

Valuation of risk models

30%

Part-2

Market risk measurement and management

20%

Operational and integrated risk management

20%

Credit risk measurement and management

20%

Liquidity and treasury risk management

15%

Risk management and investment management

15%

Current issue in financial markets

10%

Commencement of exam:

The commencement of part 1 and part 2 examination is done on the same day. On the third Saturday of May and on the third Saturday of November every year, the exam takes place. Part 1 held in the morning and part 2 in the afternoon.

But before a student appears for part 2 examination, they must clear the part 1 examination.

If a student wishes to appear for both the parts on the same day they can go for the same as well.

Exam centre:

Exam centre depends upon the location of the student. More than 100 exam sites are decided by FRM exam centre, and the aspirant must find out the one in the nearest location.

According to the nearby location, they can suggest the exam centre and appear for it on a particular date.

Passing criteria:

The passing criteria for the FRM examination are quite simple. No negative marking is there in any of the exam. But to appear for part 2 examination, it is a must for a person to qualify part 1 examination.

The FRM committee determines the passing score each year. It depends whether a student will be going to pass it or not.

Results:

The result of the exam is declared after 6 weeks of the conduction of exam. The result will be sent to students via email. The result that will be sent to the students includes whether they are pass or fail. If they wish to figure out how much they have scored, then a quartile result will be sent to them, and they can check it out.

Mode of examination:

The mode of examination is pen and paper-based. It will be going to be a multiple-choice examination, and the student must complete it in the required duration. After the duration is over, a student will not be allowed to sit in the examination hall.

FRM Exam Fees:

The FRM certification exam fees depend upon:

The part for which the person appears for the examination

The date of registration

Whether the candidate is a new one or returns one

Benefits of FRM designation:

The certificate which is issued to the aspirant after completion of financial risk management exam is widely accepted. This is a globally accepted designation, and there will be no need for them to worry about anything. The major advantages linked with it are:-

Better remuneration packages and job opportunities are available.

After getting a certification, an aspirant will be able to become a leader in financial risk management globally.

A person having FRM certification will be able to become part of the global elite group dealing with risk management.

Job mobility will be an increase, and there will be an enhancement in their career whenever they are dealing with the risk management sector.

The risk management credentials available with the aspirant in the financial industry will get boost up.

This is all about financial risk management certification. Now it clearly depends upon the aspirant how they wish to completed. It is a suggestion that always tries to get engaged in it with your enthusiasm and with all your skills. This will not only bring some career opportunities to you but will also help you in maintaining a better future.

[yesitsconcepts-blog]

The Definitive Guide to the FRM course

These days, it is a must to get available with a Financial Risk Manager. He will help you to understand the things by analyses the financial Markets and also will help you to understand the changes or tends, which are a must for you to adapt to make things beneficial for you.

We all are aware of the fact that now the demand for FRM is keeps on increasing day by day. Students are getting themselves enrolled in FRM courses so that they can easily become independent in their careers and will have stability in the same.

If you are among those who are looking forward to becoming part of the FRM course, but you are not aware of the FRM course details, there is nothing for you to worry about. Here in this article, we will be going to discuss everything linked with it.

Eligibility:

Eligibility criteria for FRM are as follows: -

A student must have completed his 12 and is a part of the undergraduate program. It is not a must for you to complete the graduate program. Even in the last year, you can appear for the FRM part 1 examination.

But to appear for FRM part 2 examinations, it is a must for you to complete your graduation and your FRM part 1 exam must be clear.

FRM Part-1 exam:

The syllabus for FRM part 1 exam is as follows: -

Foundation of risk management concept-20%

Counted analysis-20%

Financial market and product-30%

Valuation and risk models-30%

The exam will be going to be of 4 hours, and there will be a hundred multiple-choice questions available.

FRM Part-2 exam:

Market risk measurement and management-20%

Credit risk measurement and management-20%

Operational and integrated risk management-20%

Liquidity and treasury risk management-15%

Risk management and investment management-15%

Current issues in financial markets-10%

This exam will be going to be of 4-hour duration, and there will be 80 multiple choice questions available.

Things to consider:

The exam will be going to conduct in the month of May and November only every year. Usually, it held on the 3rd Saturday of these months.

Part 1 of the examination will be conducted in the morning session, and part II will be conducted in the afternoon session.

On the same day, a student can take part in both of the exams, but it is a must that they have appeared for part 1 examination and qualified it as well.

The medium to conduct the exam is exclusively English.

There is no negative marking.

The result of the examination is announced approximately 6 to 7 weeks of the examination. It will send to the candidates via Email only.

A student can decide the nearby Centre as per their location. 100 + exam centers are allocated for the FRM examination.

Exam fees for FRM:

If you are not sure about the feeling of his examination, then there is waiting for you to worry about it. It depends on the below-mentioned factors:

At the very first, it depends upon the part of the examination for which you are appearing.

The date of registration

And also, it depends on the number of attempts. Whether you are a new candidate or whether you have given the examination earlier to totally depend on the same.

Note:

For the candidates who are appearing for the first time, the fees are $400, and if you appear a second time for the examination, then it will be from $425 to $725. It depends on the registration date.

It is also a must for you to know that along with the enrollment fee, you are supposed to pay the fees of $825 to $1125 as well. This will be added to the enrollment fees.

And for part 2 examination, it is very less. It totally depends on the registration date. But it ranges from $350 to $650.

These are the basic FRM course details. If you are among those who are looking forward to getting yourself enrolled in the course, make sure you are only approaching professionals and asking them about the things linked with that. This will help you to understand whether you are ready to be part of the same or not. They will not only help you to understand the ongoing criteria, but they will also let you know about the historical pass rates, requirements for the FRM certification, benefits of FRM designation, exam fees and cost, and other things linked with it. This will help you to understand whether you are looking forward to being part of it anymore, not.

When things go as you have planned, you are ready to be part of the force easily. Without any trouble, things will get completed, and you can complete the course as well.

[yesitsconcepts-blog]

FRM Classes In Mumbai Shares Tips To Pass The FRM Exam

A financial risk manager, better known as FRM, is a designation that certifies and prepares you for the position of a market risk manager, a credit risk manager, a regulatory risk manager, an operational risk manager, or any other associated and related positions. But, to be qualified for these posts, you need an FRM certificate. You can get this FRM certificate by passing the FRM exam. The FRM exam has application-based questions related to different topics about risk management like tools and techniques of risk management. It also has questions about the investment management process. More precisely, these tests ask questions about quantitative analysis, fundamental risk management, risk models, financial markets and products, etc. The complicated nature of the exam necessitates you opting for FRM classes in Mumbai.

Here are 5 tips regarding the FRM exam to pass the FRM exam: - 

Firstly, you need to be well acquainted with the topics of FRM and the entire curriculum. The exam is divided into 2 parts. Part 1 consists of 100 questions and part 2 of 80 questions.

Part 1 focuses on the following topics:

Financial markets and products (30% weight)

Valuation and risk models (30%)

Foundations of risk management (20%)

Quantitative analysis (20%)

Part 2 focuses on the following topics:

Market risk measurement and management (20% weight)

Credit risk measurement and management (20%)

Operational risk and resiliency (20%) 

Liquidity and treasury risk measurement and management (15%)

Risk and investment management (15%)

Current issues in the financial market (10%)

To be thorough with all of the above topics, you need an entire of about 200-240 hours of critically studying them. To get all of these study hours without getting pressured, you need to start studying quite early before your exam. 

Make sure that you structure and schedule your studies properly. At times, you may not know where to start, but you can just go topic by topic. You can apply any kind of study techniques that help you grasp the topics best. FRM exams expect analytical methods to reach their answers, and for the explanations, you need to know all the topics very well. You can acquire the essential skills by opting for FRM classes in Mumbai.

Practice makes perfect, and this applies to FRM exams as well. To know how to solve FRM questions, and how to use your presence of mind for the analytical questions, you must practice writing a few papers. This will prepare you and give you a good experience. You must put a special focus on these practice papers, especially in the last week before exams.

Always have a game plan to stay calm before you go to the examination hall. Like, you can solve all the small and easier questions to build your confidence before moving to the harder questions. If there is any question you don’t quite understand, don’t panic and read the question twice or thrice calmly. Remember not to panic as it will do you no good. 

The positions that a financial risk management certificate can get you are highly reputed. To get one, remember to be focused, calm, and study properly and smartly.  

[yesitsconcepts-blog]