FRM (Financial Risk Manager)
The dominant risk-management credential globally; routinely listed in market/credit risk and quant-risk job descriptions at tier-1 banks, particularly Basel-regulated institutions.
Aviso: esta página contiene enlaces de afiliados.
Sitio web oficial →Fundado
1997
Sede
Jersey City, NJ, USA
Público objetivo
Risk management professionals — market risk, credit risk, operational risk, enterprise risk, model risk — at banks, asset managers, hedge funds, insurance, and regulators.
Características principales
- Two parts: Part I (100 MCQ, 4 hours) — foundations of risk, quantitative analysis, financial markets/products, valuation/risk models; Part II (80 MCQ, 4 hours) — market risk, credit risk, operational risk, risk management & investment, current issues
- Exams offered May, August, November (Part I CBT) and May, December (Part II CBT)
- Part I and Part II can be taken on the same day, but Part II is graded only if Part I is passed
- 2 years of qualified financial risk management work experience required for certification (post-pass)
- Pass rates: Part I ~45-49%, Part II ~55-58% (recent cycles)
- ~80,000+ certified FRMs across 200+ jurisdictions
- Strong recognition in Basel-regulated banking and at risk-quant desks
Cómo obtener esta certificación
Prerrequisitos
No degree prerequisite to sit for the exams. Certification (vs. exam pass) requires 2 years of qualifying work experience in financial risk management within 5 years of passing Part II.
Por qué certificarse — ROI
Impacto salarial
FRM holders in US risk-management roles report a $10,000–$30,000 premium (GARP 2024 Compensation Survey). Median US base compensation for senior risk managers with FRM: ~$155,000-$175,000.
Beneficios profesionales
- Lo que la distingue
- The dominant risk-management credential globally; routinely listed in market/credit risk and quant-risk job descriptions at tier-1 banks, particularly Basel-regulated institutions.
- Reconocimiento del sector
- GARP proprietary; widely recognized by Basel-regulated institutions and US bank regulators (Fed, OCC) for risk-management roles.
Quién debería obtener esta certificación
Ideal para:
- Risk management professionals — market risk
- credit risk
- operational risk
- enterprise risk
- model risk — at banks
- asset managers
- hedge funds
- insurance
- and regulators.
Considere alternativas si:
- Heavy mathematical/statistical content; not a fit for risk-governance, GRC, or operational-risk-only career paths
- Less visibility than CFA outside risk-specific roles
Precios
Los precios varían.
Debilidades
- Heavy mathematical/statistical content; not a fit for risk-governance, GRC, or operational-risk-only career paths
- Less visibility than CFA outside risk-specific roles
- Part II pass rates have trended downward over 5 years (curriculum is expanding faster than candidate prep)
- Limited US compensation premium reporting (most salary data is global/banking-specific, not US-segmented)
Mercados disponibles
Global
Aviso: esta página contiene enlaces de afiliados.
Comparar con certificaciones similares
CFA (Chartered Financial Analyst)
The gold standard for investment-management roles globally; on virtually every buy-side analyst and
CAIA (Chartered Alternative Investment Analyst)
The only widely recognized alternatives-investment-specific credential; high relevance for allocator