Course Overview:
The Financial Risk Management (FRM) certification, awarded by the Global Association of Risk Professionals (GARP), is a leading qualification in the field of risk management. It equips professionals with the skills necessary to identify, analyze, and mitigate financial risks, making it highly valuable for careers in risk management, financial analysis, and investment management.
Duration:
The FRM certification typically requires 6 to 12 months of preparation per part, depending on the candidate's background and study plan. Many candidates take a year or more to complete both parts.
Syllabus (Semester-Wise / Level-Wise Structure):
The FRM program is divided into two parts, each covering a range of topics essential for managing financial risk.
1. FRM Part I (Equivalent to Semester 1):
Foundations of Risk Management
Risk management concepts and principles
Types of risks and their impact
Quantitative Analysis
Statistical analysis and probability theory
Risk metrics and models
Financial Markets and Products
Overview of financial markets and instruments
Derivatives and structured products
Valuation and Risk Models
Valuation techniques for financial instruments
Risk modeling approaches
2. FRM Part II (Equivalent to Semester 2):
Market Risk Measurement and Management
Techniques for measuring market risk
Management strategies for market risk
Credit Risk Measurement and Management
Credit risk models and management practices
Counterparty risk and credit derivatives
Operational Risk and Resilience
Operational risk assessment and control
Business continuity and resilience strategies
Risk Management and Investment Management
Portfolio management and asset allocation
Risk management in investment strategies
Average Fees:
Exam Registration Fees: Approximately $1,000 - $1,200 (for both parts)
Study Materials and Preparation Courses: ₹40,000 - ₹1,00,000
Total Cost: ₹1,00,000 - ₹2,00,000 (including all fees and preparation costs)
Exams to Attend:
FRM Part I: Typically held in May and November each year
FRM Part II: Typically held in May and November each year
Top 10 Institutions in India Offering FRM Preparation:
Indian School of Business (ISB)
Institute of Chartered Accountants of India (ICAI)
Institute of Cost Accountants of India (ICAI)
Financial Risk Management Institute of India (FRM India)
National Institute of Securities Markets (NISM)
Excel Academy
EduPristine
Kaplan Financial
IMS Proschool
AnalystPrep
Top 10 Institutions in Kerala Offering FRM Preparation:
Amity Global Business School, Kochi
Rajagiri Business School, Kochi
SCMS Cochin School of Business, Kochi
IIM Kozhikode - Kerala Chapter
University of Kerala - Department of Commerce
Sree Sankaracharya University of Sanskrit, Kalady
Model Engineering College, Kochi
Kochi Business School
Technological Institute of Management Studies, Thiruvananthapuram
Christ College, Irinjalakuda