FRM-1

Financial Risk Manager (FRM) Certification Part 1

4 Months of live interactive expert-led sessions

3,000+ practice questions with solution bank

Next Cohort:

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  5 Full-length Mock Exams

  85% Passing Rate

 3,000+ Practice Questions

Detailed Breakdown of FRM Part I Curriculum

Our FRM Part 1 training is expertly crafted by our highly qualified and experienced mentors. The curriculum encompasses all vital areas of financial risk management, including the philosophy of risk, quantitative analysis, financial markets and products, valuation and risk models, among others. What sets us apart is that our curriculum is constantly updated as per the changing trends of the market.

Moving beyond the traditional methods of education, we use modular learning techniques to help learners understand each and every concept in detail. Moreover, the coaching is developed to not only provide you with theoretical knowledge but also enhance your practical understanding using real-world scenarios.

The best part about the curriculum is that it is thoroughly tailored to perfectly align with the official syllabus of the FRM Part 1 exam. Learning these concepts helps you become exam-ready as soon as you complete the coaching. Here, take a closer look at the detailed curriculum of the FRM Part 1 training to get a clear understanding of what you will learn through the course of the program:

FRM Part 1 Exam Pattern

As we already know, FRM is a two-part exam requiring at least two years of work experience in risk management. The FRM Part I exam primarily consists of 100 multiple-choice-based questions, each with 4 answer choices. As far as the difficulty level is concerned, there is a considerable mix of questions ranging from simple to difficult questions. All the questions carry the same weight, and there is no negative marking for wrong answers. The duration of the exam is four hours, leaving you with approximately 2.5 minutes to attempt each question.

Foundations of Risk Management

  • Risk Management Frameworks
    • Principles of risk management
    • Processes and techniques in risk management
  • Risk Identification
    • Types and sources of financial risk
    • Methods for identifying risks
  • Risk Measurement
    • Quantitative and qualitative measurement methods
    • Risk metrics and methodologies
  • Risk Management Tools and Techniques
    • Use of derivatives, insurance, and other instruments

Quantitative Analysis

  • Statistics and Probability
    • Probability distributions, statistical measures
    • Hypothesis testing and inferential statistics
  • Financial Mathematics
    • Time value of money, discounted cash flow
    • Core quantitative methods
  • Regression Analysis
    • Linear regression techniques
    • Interpretation and application of regression results
  • Risk Modeling
    • Financial model construction and application
    • Understanding model risk and limitations

Financial Markets and Products

  • Financial Instruments
    • Characteristics and uses of equities, bonds, derivatives, etc.
  • Market Structures
    • Overview of financial markets and participants
  • Trading and Settlement
    • Trading mechanisms, settlement processes
    • Market liquidity and efficiency
  • Market Risk Measurement
    • Techniques such as Value at Risk (VaR) and stress testing

Valuations and Risk Models

  • Valuation Techniques
    • Methods for valuing various financial instruments
    • Pricing models for equities, bonds, and derivatives
  • Risk Models
    • Overview and applications of risk assessment models
  • Model Risk
    • Understanding and managing limitations and risks of model

Ready to take the first step towards a financially rewarding career? Prepare under expert guidance and ace the FRM exam in one go. Register now.

Get some of the exclusive benefits of our FRM Program:

   Live Doubt Solving Sessions

   Weekly Group/Individual Projects

   1:1 Mentorship

   Project presentations guidance

   Monthly webinars with Industry Leaders

   Hackathons

   Corporate behavioural skills

Job Interview Skills

Resume Building

Mock Interviews Preparation

LinkedIn Profile Building

Communication Skills

Problem-Solving/Critical Thinking

Statistics and Business Case Studies in Critical Thinking

Learning How To Learn

Guesstimate

Puzzles

Hackathon

Corporate Culture and Behavioral Skills

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More on FRM Part I Coaching

Talking about the IIM SKILLS FRM Part 1 coaching – it is meticulously designed and structured to empower you with the skills and expertise to excel as a Financial Risk Manager. In close alignment with the exam syllabus, this training covers anything and everything from the foundations of risk management, quantitative analysis, financial markets and products, to valuation and risk models. The aim is to make you understand the fundamentals of each topic in detail to brace you to tackle all the challenging questions with complete confidence. With IIM SKILLS, learn all the tools and software to effectively manage and mitigate risks in all types of firms and organizations.

Scope After FRM Part I Exam

An FRM certification opens doors to a plethora of career opportunities in the dynamic field of finance. This is a highly recognised credential among employers as it clearly demonstrates your robust commitment to expertise in risk management, regulatory compliance and tackling market volatility.

The FRM certification is your confirmed ticket to myriad roles including but not limited to risk analyst, risk manager, compliance officer, and portfolio manager, among other options. As already mentioned, the certification is renowned in 90 countries, enabling you to secure job opportunities with handsome salary packages across the globe.

As the importance of risk management has increased over the years, there is a noticeable demand for FRM professionals in almost every sector. Most specifically, banks, FinTech firms, asset management firms, and consulting firms. Some of the top finance giants hiring for FRM positions are JPMorgan Chase, KPMG, HSBC, CitiGroup, Bank of America, PricewaterhouseCoopers LLP, and more.

Clearly, the scope for FRM professionals is immense with a wide array of career opportunities in both India and abroad. Plus, this certification and relevant experience increase your salary packages as well.

About of FRM Part 1

While you will focus on your technical skills, we ensure you are also getting industry-ready with our interview & corporate cultural training program.

Overview of FRM Certification

The changing dynamics of the finance industry foster an environment of heightened competition and nascent challenges. As the competition towers above the crest, the risk factor automatically comes into play – giving rise to a profession dealing with risk management. FRM, short for Financial Risk Management, is a standalone examination testing the individuals on identification of risks, risk management, and application of tools and software to manage risks.

The FRM certification is conducted and accredited by GARP – Global Association of Risk Professionals. GARP conducts this exam in two parts, Part 1 and Part 2. This certification is your passport to a rewarding career in banks, FinTech firms, asset management firms, and consulting firms.

With an ever-increasing need for risk identification, appraisal, and management – there is a considerable demand for FRM professionals in every business sector. The demand is visible, and opportunities are endless.

According to an independent benchmarking study conducted by Ecctis, the FRM Certification is comparable to a Master’s degree in fourteen national and regional educational systems.

Eligibility For The FRM Part 1

To be eligible for the FRM Part I examination, you must fulfil the following eligibility criteria:

— Must have completed a diploma, bachelor’s, or master’s degree or equivalent in any discipline from a recognised university. You must have secured a minimum of 50% aggregate score in the entire course duration.

— Post completing the degree, you must have a minimum of two years of full-time work experience.

Note: It must be noted that internships and trainee experience do not count as full-time work experience.

Who Should Do FRM Part 1 Exam Preparation?

The program is ideal for anyone eyeing a career in the field of finance risk management. Whether you’re a recent graduate wanting to build your foundational skills, a professional looking to pivot in finance, or a finance professional aiming to enhance your skills in the industry. IIM SKILLS FRM Part I coaching provides you with the necessary preparation you need to succeed in this competitive field.
Now, let’s look at the candidates who can most benefit from this training to make their way to the top of the career spiral.

  • Graduates/Diploma Holders: Those just starting their career after graduation or diploma can get an early bird advantage by gaining FRM certification to solidify their roots in the competitive field.
  • Postgraduates: Postgraduates with or without experience can take a shot at the FRM exam to boost their advanced skills and to get better job opportunities in the industry.
  • Finance Professionals: Working professionals from the finance field can add FRM certification to their kitty to attract higher positions in firms and organizations. Since FRM is recognised in as many as 90 countries, these professionals can gain this certification to open doors to global jobs and handsome salary packages.
  • Other Professionals: Non-finance professionals can take FRM Part 1 training and make an attempt to gain the required skills to switch their careers to the finance field.

Exclusive Features of IIM SKILLS FRM Part 1 Training

Expert faculty

Who doesn’t want to learn from the best? We have industry experts with years of experience, who are well aware of the intricacies of the finance industry. All of them are full-time employees and offer you an immersive experience to understand the depth of each concept until it becomes second nature. Thus, sparing no chance for you to panic, no matter what types of questions are asked in the exam. When you have clarity on concepts, nothing is difficult. Plus, they use instrumental approaches, constructive feedback, and insider tricks to make you attempt the exam with sheer competence.

Super-interactive Sessions

In the world of self-paced courses, and lack of motivation to learn yourself — we offer you super interactive and engaging sessions with your peers and mentors. Ask your doubts and get them resolved in real-time. These sessions are your place to share your unique ideas, get feedback, and even collaborate with your peers. It is an all-immersive experience where you not only learn technical skills but also embrace the soft skills required to thrive as an FRM manager.

Flexible batches

We know you have got jobs, studies, and whatnot! But don’t worry! At IIM SKILLS, you get to pick and choose your batch as per your availability. Offering you complete flexibility, we have both weekday and weekend batches. That said, you have complete authority to choose your batch as per your free time and space to prepare for the FRM Part 1 exam. And, you don’t have to compromise on your other commitments at all.

Up-to-speed Curriculum

What makes training successful is the curriculum that is up-to-date with the current market trends, agreed? And that’s exactly what you get at IIM SKILLS. We ensure that our curriculum stays in line with the ongoing changes in the FRM examination. With a constantly updated curriculum, we ensure that you clear your exams and achieve your dreams in a timely manner.
Much to your benefit, our curriculum is comprehensively designed by experts to touch upon all topics including but not limited to foundations of risks, quantitative analysis, financial markets and products, and risk and valuation models.

LMS Repository

What’s it like to prepare for an exam? Juggling between sets of notes, books, and files, to prepare for the exam. And that’s the most difficult part to gather it all together, without misplacing anything. At IIM SKILLS, we provide you with a comprehensive Learning Management System (LMS). It is your repository where you can easily access all the notes, books, practice questions, mock exams, and other resource material. Easy and time-saving, right? That’s what you get when you sign up for training with IIM SKILLS.

Know what’s the best part about the LMS? It comes with lifetime access. In simplest terms, you can access the LMS throughout your life. Whether you want to revisit a topic or update your knowledge about a particular topic – you can always sign in to your LMS from any device and access the topic-wise resource material. To make things better for you, the LMS is updated with the latest info from time to time. All the content and resources are at your disposal with just a click of your finger. It’s that simple.

Practically-oriented training

It is not enough to thrive in any field with mere theoretical knowledge in today’s fast-paced world. Instead, it is crucial to have hands-on experience to get success in any field. To match the needs of the contemporary world, we have thoughtfully combined theoretical principles with practical application using case studies, simulations, and real-world examples – for your holistic development. We are not merely preparing you for the exam, but for the industry where you will build your career brick by brick.

Anytime, Anywhere Learning

Bidding adieu to old-school methods, the focus today has shifted to online education, which is accessible from the comfort of your home. Our coaching is available live and online, allowing you to join and learn while sitting in any corner of the world. All you need is a digital device, a reliable internet connection, and sheer determination to excel in the exam. Rest assured it is our job to prepare you for success in the exam. Our sessions are not just informative, they are fun and interactive, promising a stimulating and effective learning experience. Engage and learn in a conducive environment.

Freebies

Want some surprises with the training? Yes? So, we have got some freebies that you get as a complete package of the FRM Part 1 exam training. Firstly, you get backup classes and recordings free of cost. We understand that unforeseen circumstances can happen at times, coercing you to miss a class, but that shouldn’t let you feel behind in any manner. Hence, the session recordings to get you up-to-speed with your batch.
Secondly, enjoy free career counselling with our experts to navigate your professional journey and get your doubts cleared. Thirdly, you will receive regularly updated material for absolutely no extra cost. It will be updated in your LMS and accessible to you at all times. Lastly, our mentorship doesn’t have an expiry date. You will receive ongoing mentor support even after the training.

Scope After FRM Part I Exam

An FRM certification opens doors to a plethora of career opportunities in the dynamic field of finance. This is a highly recognised credential among employers as it clearly demonstrates your robust commitment to expertise in risk management, regulatory compliance and tackling market volatility.

The FRM certification is your confirmed ticket to myriad roles including but not limited to risk analyst, risk manager, compliance officer, and portfolio manager, among other options. As already mentioned, the certification is renowned in 90 countries, enabling you to secure job opportunities with handsome salary packages across the globe.

As the importance of risk management has increased over the years, there is a noticeable demand for FRM professionals in almost every sector. Most specifically, banks, FinTech firms, asset management firms, and consulting firms. Some of the top finance giants hiring for FRM positions are JPMorgan Chase, KPMG, HSBC, CitiGroup, Bank of America, PricewaterhouseCoopers LLP, and more.

Clearly, the scope for FRM professionals is immense with a wide array of career opportunities in both India and abroad. Plus, this certification and relevant experience increase your salary packages as well.

Exciting Career Options After FRM Part 1

Risk Qualification Manager

One of the most popular options after completing FRM certification is risk qualification manager. Your primary role as a risk qualification manager is to develop the risk management framework for the organization or the firm that you are working for.

Your Day-To-Day Responsibilities Include:

  • Plan, design and implement a risk management process
  • Identify, evaluate and estimate the risks that are affecting the business.
  • Identify the level of risk that the organization can afford to take.
  • Regularly review risk policies to ensure they comply with the legislation.

Credit Risk Analyst

As a credit risk analyst, you are the vanguard of the financial integrity of the organization. Your prudence guides the firm to make calculated credit and lending decisions. Credit risk analysts get job opportunities in investment banks, credit card issuers, rating services, and other businesses in the credit and lending sectors.

Your Day-To-Day Responsibilities Include:

  • Conduct and analyze financial statements and evaluations of all types of credit requests.
  • Make recommendations for decisions related to the assessment of credit risk.
  • Stay up to date with the lending protocols of the company.
  • Maintain credit files and look out for any discrepancies.

Operational Risk Analyst

Another important role after FRM certification, operational risk analysts play a vital role in identifying and mitigating risks owing to procedural inadequacies and internal control weaknesses. As operational risk analysts, you are deeply involved in strategic planning and responses to emerging operational challenges:

Your Day-To-Day Responsibilities Include:

  • Collaborate with business units to identify and assess operational risks.
  • Analyze incident reports to prevent future operational breaches.
  • Engage in cross-functional meetings to develop operational risk strategies.

Operational Risk Manager

Lastly, you can take up a leadership role to become an operational risk manager. In this role, you will recognise and regulate potential risks of the business operations. Using strategic planning and policy development, you will ensure that operational risks are identified, assessed, and mitigated efficiently.

Your Day-To-Day Responsibilities Include:

  • Develop and refine operational risk management policies and standards.
  • Guiding operational risk analysts to develop key risk indicators.
  • Reporting and monitoring operational risk issues.
  • Community operational risks to senior management.

Why Choose IIM SKILLS?

IIM SKILLS is a top-level global institute imparting online education in varied sectors to bridge the skill gap in the industry. Keeping up with the evolving demands of the industry, this leading institute offers skills and knowledge that meet global standards.

Putting our focus on the FRM Part 1 exam training, it is an advanced coaching aiming to make the aspirants exam-ready as well as industry-ready. The mentors hand-hold you to understand every concept until it becomes your second nature, thus ensuring your success at all costs.

Deeply committed to your success, mentors focus on your timing and accuracy, boosting your confidence to take the exam. With an equal focus on theoretical and practical learning, you get an in-depth understanding and application of each concept. That’s what prepares you to deal with whatever the exams throw your way.

At IIM SKILLS, we are driven by your success and that is what keeps us on-to-go to improve and enhance our training and other course offerings. The major highlights that make IIM SKILLS the best in the industry are our exceptional mentors, interactive modules, immediate doubt clarification, and round-the-clock support at every stage of your journey.

Now, let’s talk numbers. Since its inception in 2015, IIM SKILLS has helped more than 45,000+ learners upskill across 35+ countries around the globe. With global recognition, IIM SKILLS provides the perfect platform for you to embark on your financial risk manager journey. Prepare for excellence with us! Join us today!

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Upcoming Batch For Our FRM Part 1

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Course Advantage

Course Fee: INR 49,900 + Taxes.

Easy EMI: Pay in 7 Interest-Free EMI For INR 8,411/Month.

Important Delivery Note: The course will be delivered for 4 consecutive Sundays and for the last week participants will have sessions on Saturday and Sunday.

100% Money-Back Guarantee: If you do not like our course, you can claim a 100% money return after your first session.

Certification Fee: Price includes exam and certification fees.

Group Discount: 10% group discount on 3 or more registration.

Average Salary after FRM Part 1

In India, the average starting salary of FRM professionals stands at INR 6 LPA and it can go up to INR 30 lakhs or more as per the seniority of the roles and responsibilities.

The salary of any profession is highly dependent on the years of experience and skills that a person has acquired over that experience. So, is the case with FRM. Let’s look at the year-wise breakdown of FRM salaries.

Dreaming to excel in risk management roles? It’s time to equip yourself with specialised skills and capture the attention of major finance giants. Gear up to kickstart your professional journey with IIM SKILLS FRM Part 1 coaching! coaching!

The table below mentions the average salary of FRM-qualified professionals:

Work Experience (in years) Average Salary (in LPA)
0-2 years INR 6-9 LPA
2-5 years INR 10-15 LPA
5-10 years INR 15-30 LPA
10+ years INR 30+ LPA

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Frequently Asked Questions

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What is FRM?
FRM stands for Financial Risk Management. It is a finance certification conducted and accredited by GARP (Global Association of Risk Professionals). It is a two-part exam, which requires you to clear both Part 1 and Part 2 exams to acquire the coveted FRM certification.
How many parts are there in FRM certification?
FRM or Financial Risk Management is a two-part exam that consists of Part 1 and Part 2. An interested candidate must qualify for both exams to achieve the FRM certification.
What is the FRM Part I all about?
FRM Part 1 exam is all about the fundamentals of risk management, quantitative analysis, financial markets and products, to valuation and risk models. It is a 100 MCQ-based question exam that tests the understanding of candidates in identifying and managing risks in firms and organizations.
Is FRM a good career in India?
Yes, FRM is a recognised and viable career choice in India. FRM certification offers you opportunities to unlock rewarding career prospects, a good networking base, and higher salaries. In addition, you can get lead roles as financial risk managers.
How much does FRM earn in India?
As per Ambition Box, the fresher salary of an FRM starts with INR 3 LPA. With 2-3 years of experience, the average salary becomes INR 8 LPA, and as you gain 3.5 years of experience, you can expect to earn INR 10 LPA and more. The more the experience, the better the salary. Please note these are average salaries, the actual salary may depend on your professional skills, experience, and the location of the company.
Is FRM better than CFA?
The CFA course offers a broader view of finance covering a wide range of topics from investments to risk management. On the other hand, FRM is a more specific course that equips you with the specialized skills and expertise to identify potential risks and mitigate them in real-time.
How much does FRM cost in India?
The fees to apply for the FRM exam are USD 1000-1200 for new candidates and USD 600-800 for returning candidates.
Can I get a scholarship for FRM?
Yes, scholarships are exclusively available for the FRM Part 1 exam, and not for FRM Part 2 exam. The scholarships only cover the registration fees, and not the enrollment fee of the exam. These are merit-based scholarships, and the FRM committee has full authority to make the final choice of candidates.
How long does it take to pass the FRM Part I?
According to a study by GARP, the average time required for preparation of the exam is 275 hours. Therefore, one must choose to start preparing for the exam at least 6 months before.
What is the FRM Part 1 exam minimum passing score (MPS)?
On average a candidate must aim to get 65% and above to pass the exam. However, GARP does not provide an exact passing score because it is decided on the basis of the overall performance of the candidate.
What is the exam format for the FRM Part 1 exam?
The duration of the FRM Part I exam is 4 hours, in which one has to attempt a total of 100 questions.
Does FRM Part 1 certification expire?
No, the FRM Part I certification doesn’t expire itself. However, after passing the FRM Part 2 exam, candidates get 5 years to submit their mandatory two years of work experience to GARP. If they fail to do so within the given timeframe, they will have to re-enrol and retake both the FRM Part 1 and Part 2 exams.
How many times can you take the FRM Part 1 exam?
There is no specific limit, which means you can make attempts at the FRM exam as many times as you want. However, once you have cleared the FRM Part I exam, you must take the FRM Part 2 exam within 4 years. Otherwise, you will have to retake the Part 1 exam.
Is the FRM Program in demand?
Yes, there is a high demand for FRM professionals in major banks and firms across the world. Also, the demand for FRM professionals in India has increased incredibly in the past decade.
Is FRM tougher than an MBA?
While MBA and FRM are both popular, FRM is slightly more challenging for learners who are completely new to risk management. On the other hand, an MBA is by far more comprehensive for students with no background in business management.
Who earns more CA or FRM?
While the starting average salary of Chartered Accountants (CA) is INR 7-8 LPA, the average salary for entry-level jobs after FRM certification ranges between INR 6-9 LPA.
What is the entry-level requirement to register for FRM Part I?
There are no prerequisites required to take the FRM Part I exam. Anyone who wants to make a career in risk management can take a shot at this exam.
Who is eligible for the FRM Part 1?
Anyone who has an interest and wants to build a career in the risk management field of finance is eligible to apply for FRM Part 1 coaching. There are no strict prerequisites to apply for the training.
What is the duration of IIM SKILLS FRM Part 1 training?
The duration of the FRM Part 1 coaching is 4 Months
What are the fees for FRM Part I coaching at IIM SKILLS?
The fee for the FRM Part I training is XYZ for 4 months of live online training.
Is there any EMI option available for fee payment?
Yes, IIM SKILLS does provide EMI options at absolutely no extra cost.
Does IIM SKILLS offer practice questions for FRM Part 1 preparation?
Yes, IIM SKILLS does provide a practice question bank of 3,000 questions with solutions to help you prepare well for any type of question asked in the exam.
Can I access the LMS after completion of the training?
Yes, the LMS access is available to you for a lifetime, You can access it for as long as you need even after completion of the training and exam.
Does IIM SKILLS provide career support and placement assistance?
Yes, IIM SKILLS does provide career support and counselling to help you navigate your professional journey and make wise decisions about your professional career.
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