All You Need to Know on Financial Risk Management (FRM) Examinations

A program of study in financial risk management may be the best for you when it comes to the needs of those who want to pursue a career in risk management. FRM exams are two part self-study set of examinations which were introduced in the year 1997. Ever since, tens of thousands if not hundreds of thousands have already graduated as certified FRMs and have obtained this valid designation. Passing as a certified FRM, you will be open to employment in various designations or positions such as chief risk officers, Operational Risk Head, risk analyst, director of risk management and such like risk management positions.

By and large, there has been witnessed a growing demand for FRM certification and this has as well led to an increase in the numbers of those who register for the FRM exams. Quite a number of certified FRMs have been employed in various organizations all over the globe and these majorly end up in financial institutions such as banks, insurance companies, hedge funds and regulatory bodies all over the globe. This post takes us through some of the basics you need to know of when it comes to the need to FRM certification. Read on for more below. Get more info here!

Basically, the FRM exam is a two part multiple choice exam that is taken in two parts. You can choose to take the two parts separately or as some would have it, the two can be taken in a single examination sitting. The exams are conducted in the months of May and December. The rise in demand for the FRM certifications which has resulted in a rise in enrollment needs for these exams have actually made the exam centers for this designation equally rise. Today, there are over 100 exam centers spread around the world. You can find more about your nearest exam center here. Learn more at https://www.schweser.com/frm/blog/how-to-pass-the-frm-exam/how-to-pass-the-financial-risk-manager-frm-exam.

The exams for each for the parts last 4 hours, part 1 comes in the morning and part 2 in the afternoon. The part 1 has 100 questions and part 2 has 80 questions all which are multiple choice questions. This exam has no negative marking for the incorrect answers anyway. But anyway, one will have to pass the Part 1 for them to be eligible and gradable for the Part 2. The FRM Committee is the one charged with the determination of the pass score in each examination sitting. See here for more on the FRM examination. Know more about the FRM certification here!

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