How long is the FRM certificate valid for?

The validity period of the FRM certificate is permanent. The certificate obtained by the candidate through the examination will not expire. On the contrary, the FRM examination results have strict validity requirements, as follows:

FRM Level 1 examination requirements Pass the FRM Level 2 exam within four years after registration. After passing the Level 1 exam, you need to pass the FRM Level 2 exam within four years. After passing the FRM Level 2 exam, candidates need to obtain a total of two years of full-time work experience within five years.

The employment directions of FRM

After taking the FRM certificate, the employment directions are very wide. Banks, securities companies, academic institutions, asset management institutions, insurance companies, etc. are all employment directions that can be considered. , especially the banking industry, attaches great importance to the three major aspects of credit risk, market risk and systemic risk. This is also a significant advantage of FRM certificate holders.

After taking the FRM certificate, you can also work in risk management, asset management, credit review, financial engineering, liquidation, PENC and other related positions in the financial industry. If you meet certain work experience conditions, your salary will be higher. , the treatment will be better.

FRM salary level

The average salary of FRM certified personnel will be different in different places, companies, and positions. Educational qualifications, abilities, and experience are also factors that affect salary.

Most FRM certificate holders work in funds, analysis, investment, securities, industry, etc., with a high starting point in the industry and a high level of employment. In the United States, the average FRM salary ranges from US$50,000 to US$125,000; in Singapore, the average FRM salary ranges from S$63,200 to S$111,841; in the UK, the average FRM salary is between Between 35,265 pounds and 57,200 pounds; in China, the average annual salary of FRM certificate holders can reach more than 360,000 yuan.

Benefits of passing FRM

1. Comparable degree level of FRM certification

The British Certification Information Center has determined that FRM certification is equivalent to the United States, Australia, Canada, India, Master's degree level in countries such as Singapore, South Africa and the UK.

2. Enjoy various preferential policies

Shanghai provides FRM talents with various preferential policies in terms of household registration, "Residence Permit", "Foreign Expert Certificate" application, medical security, children's education, housing, etc. Corresponding services and conveniences; Chengdu will provide a one-time subsidy of 30,000 yuan to those who have obtained the FRM certificate or to those who hold the FRM certificate and have worked in the Chengdu High-tech Zone for 2 years; FRM talents in Nanjing can receive a minimum of 600 yuan per month For rental subsidies, you can receive up to 2 million yuan in housing subsidies. The standards in each city are different and must be determined by the local social security bureau.

3. Add professional value

Obtaining a certificate through FRM proves that you have enough ability to effectively measure and manage the highest level risks, and that you are a trustworthy person. Risk management professionals. Enhance your personal career value and gain a competitive advantage in a growing market.

4. FRM actively affects the careers of professionals who manage financial risks

FRM enjoys a high reputation in the industry. It is the knowledge and core advantages it brings to the certificate holders. A huge external influence on decisions related to major investment risks. Therefore, whether at work or in the process of communicating with customers, holding an FRM certificate can make a good start.