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Financial Risk Management (FRM) Course: Details, Fees, Duration, and Career Opportunities

FRM (Financial Risk Management), Career, Finance, Financial management, Pandemic, Niche profession, MNC (Multinational Corporation), Startup, HNI (High-Net-Worth Individual), Course details, Organizing Body, GARP (Global Association of Risk Professionals), Course duration, Passing percentage, Eligibility criteria, Undergraduate, Work experience, Career scope, Job profiles, Risk Analyst, Risk Manager, Credit Risk Analyst, Market Risk Analyst, Regulatory Risk Analyst, Top Hiring Firms, PwC, ICBC, JP Morgan Chase, Consulting Firms, Hedge Funds, Course fees, Enrollment Fee, Exam Fee, Total fees, Payment procedure, Credit card, Check, Wire transfer, Processing fee, Average coaching fee, Online Coaching, Classroom Coaching, Global certification, US, UK, Singapore, China, Asian countries, Risk analysis, Management.

Introduction to FRM

Careers in finance are constantly growing and adapting to new challenges. Financial Risk Management (FRM) is one such profession that has grown in popularity, particularly since the pandemic. In today's world, it has become essential for businesses to protect their financial management from risks. This necessitates the availability of in-house experts capable of scrutinizing financial statements and identifying potential risks. Individuals interested in financial risk management can pursue a niche career path in FRM, which provides exciting challenges. Many multinational corporations, fast-growing startups, and high-net-worth individuals understand the importance of employing Financial Risk Managers.

If you're thinking about taking this course, here's everything you need to know.

FRM Course Details

Differentiators: FRM

Organizing Body: GARP stands for the Global Association of Risk Professionals.

Course Duration: 1 to 2 years

Difficulty Level (Passing Percentage): Part I received 45% and Part II received 63%.

Eligibility Criteria: You can apply for the FRM course as an undergraduate in your final year of study. To be eligible for the Part II exams, you must first pass Part I. In addition, you should gain at least two years of relevant work experience during your five years of education.

Career Scope

After completing the FRM course, you will be able to pursue a variety of job opportunities, including:

  • Risk Analyst

  • Risk Manager

  • Credit Risk Analyst

  • Market Risk Analyst

  • Regulatory Risk Analyst

Top Hiring Firms:

  • PwC

  • ICBC

  • JP Morgan Chase

  • Consulting Firms

  • Hedge Funds

FRM Course Fees

Let us now look at the FRM course fees. It should be noted that Financial Risk Management is a specialized field that may be difficult to master just through self-study. Understanding the fees involved, including coaching fees, is therefore critical for your preparation. The FRM fee structure is detailed in the table below.

FRM Fees for New Candidates:

  • Enrollment Fee: USD 400

  • Exam Fee: USD 800

  • Total: USD 1200

FRM Fees for Returning Candidates:

  • Exam Fee: USD 800

Candidates can pay for their exam registration using the following methods:

  1. Online credit card payment (MasterCard, Visa, or American Express)

  2. Check (must be a US bank check or a foreign check accompanied by a US bank wire)

  3. Wire transfer (wire instructions can be found on your invoice)

A USD 50 processing fee will be added to your invoice for manual payments by check or wire. For approval, include your GARP ID, a copy of your invoice, and your signature.

*Please keep in mind that some exclusions may apply.

FRM Average Coaching Fee

The following are the average FRM coaching fees, whether through online or offline classes:

  • Online Coaching: Starting from INR 9000

  • Classroom Coaching: Starting from INR 30,000

FRM Career Scope

Financial Risk Management is a globally recognized certification that is accepted in the United States, the United Kingdom, Singapore, China, and a number of other Asian countries. Because of the specialized nature of this course, your career path will primarily focus on risk analysis and management. After completing the FRM course, you will be able to pursue positions such as:

  • Risk Analyst

  • Risk Manager

  • Credit Risk Analyst

  • Market Risk Analyst

  • Regulatory Risk Analyst

FRM Salary in India

The salary range for professionals with the Financial Risk Manager (FRM) designation in India ranges from 2.0 Lakhs to 21.0 Lakhs. FRMs in India earn an average annual salary of 3.6 Lakhs. These figures are derived from data encompassing the compensation of 25 FRMs, with experience levels ranging from less than one year to up to a decade.

Finally, the FRM course provides you with the knowledge and skills you need to excel in the dynamic field of financial risk management, opening doors to a variety of career opportunities with top-tier firms around the world.


1. What is Financial Risk Management (FRM)?

FRM is an aspect of finance that focuses on identifying and managing financial risks within organizations. It entails analyzing financial statements in order to reduce potential risks.

2. What are the eligibility criteria for enrolling in the FRM course?

To apply for the FRM course, you must be a final-year undergraduate student. To sit for the Part II exams, you must pass Part I and have at least two years of relevant work experience within the first five years of your learning journey.

3. What are the career opportunities after completing the FRM course?

After completing the FRM course, you will be able to apply for jobs such as Risk Analyst, Risk Manager, Credit Risk Analyst, Market Risk Analyst, and Regulatory Risk Analyst. There are numerous opportunities in both the public and private sectors in this field.

4. What are the fees associated with the FRM course, and how can I pay them?

The FRM course fees include a USD 400 enrollment fee for new candidates and an exam fee of USD 800. Returning candidates must only pay the exam fee. Payments can be made by credit card (MasterCard, Visa, or American Express), check (US bank or foreign check with a US intermediate bank wire), or wire (with wire instructions provided on your invoice).

5. Is coaching necessary for preparing for the FRM course, and what are the average coaching fees?

While self-study is an option, coaching is frequently recommended due to the course's complexity. The average FRM coaching fee ranges between INR 9000 for online coaching and INR 30,000 for classroom coaching. These fees can help you better prepare for the difficult exams.

6. What is the course duration of FRM?

The Financial Risk Management Course takes 1 to 2 years to complete.

7. What is the salary of FRM?

An FRM's salary in India ranges from 2.0 LPA to around 21.0 LPA, depending on experience and skill set gained on the job.

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