What are the requirements for applying for FRM certificate?
Some candidates don't know enough about the application conditions of FRM certificate. Teacher FRM will take this opportunity to introduce you again.
According to GARP, to apply for FRM certificate, three conditions must be met:
1, after passing FRM level 1, pass FRM level 2 examination within four years.
You should apply for FRM certificate within five years after passing the FRM Level 2 exam.
3. to apply for FRM certificate, you need to have more than 2 years of full-time financial risk management experience.
At least two years full-time working experience, including but not limited to: trading, portfolio management, teaching, industry research, economics, auditing, risk consulting or risk technology.
In other words, candidates can apply for the FRM certificate after passing the FRM two-level examination and having the above two years of full-time work experience.
What position does frm certificate apply to?
1, foreign banks
With the rapid development of global financial industry, we can clearly see that most foreign-funded enterprises choose to settle in some business districts and other cities in China. In order to attract financial talents such as financial risk managers, foreign banks have also improved their personal salary. Therefore, it is recommended that FRM licensees choose and be fully qualified for relevant positions in foreign banks.
2. Investment banks
Some candidates may not be particularly clear about investment banks. Investment banks are not ordinary commercial banks as we understood them before. Investment banks belong to a special banking system, and customers can directly invest their own funds. In today's financial industry, investment banks are very popular and extremely popular.
3. Commercial banks
In addition to the two banks mentioned above, FRM holders can also choose to work in domestic commercial banks, which is also a very stable job. For example, FRM holders can be competent in operational business and asset business. Relatively speaking, they may not get more wages than the above two, but their advantages are more stable.
What does it mean to pass frm?
The knowledge systems of 1 and FRM can be consistent with the requirements of the Master of Financial Risk Management recognized by the UK. In addition, the FRM exam also examines the knowledge, ability and thinking methods required by the financial risk management industry. At the same time, financial risk managers have also encountered many problems in their practical work.
2. The core content of 2.FRM can also be compared with the core content of the master of financial risk management recognized by the UK, which can meet the requirements of FHEQ7, that is, meet the requirements of the master.
3.FRM exam has a lot of practical analysis contents, including the practical skills and ability requirements of financial risk management industry. At the same time, according to the comparison results between FRM and RQF7, it can also meet the requirements of EU EQF7.