Comparing FRM and CFA certifications
FRM and CFA are both certifications that help learners understand finance and have the ability to analyze investments. However, in essence, these two certifications allow certificate holders to perform different tasks and specialize in different activities. In the following article, MISA MeInvoice will analyze the differences between FRM and CFA.
Table of Contents Hide
1. What is FRM certification?
2. Compare the two certificates CFA and FRM
Conclusion
1. What is FRM certification?
frm certificate
The FRM certificate is a highly prestigious and
globally recognized financial risk management certificate, organized and awarded by GARP (Global Association of Risk Professionals).
FRM is a certificate for risk management professionals, especially those working in fields related to credit risk analysis, market risk, liquidity risk and other types of financial risk. FRM certificate is suitable for careers in fields such as: Banking, Investment, Securities, Corporate Financial Management
GARP began awarding the FRM certification in 1997. To date, more than 150,000 candidates have enrolled in the FRM program and more than 32,000 FRM certified professionals work in nearly 150 countries worldwide.
Over the past few years, the number of applicants for the FRM program has increased rapidly and shows no signs of slowing down.
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Exam Registration Deadlines: CFA Institute sets the magic of ai in face swapping exam registration deadlines for each exam, which correspond to the exam fee deadlines. You can refer to www.cfainstitute.org for more information canada email lead on exam registration deadlines.
Absolute passing score: 70%;
Exam fee: $1150 – $1450 (includes initial registration fee and exam fee from early to late payment);
The 2020 CFA rates for the levels are as follows: CFA Level 1 (49%), CFA Level 2 (55%), CFA Level 3 (56%).
Paper-based test twice a year for both Parts in May & November
Exam format: multiple choice, results known after 7-8 weeks;
Each test is 4 hours in the morning (Part 1) and afternoon (Part 2);
Candidates may take both Parts on the same day, but Part 2 will only be marked if Part 1 is passed.
Exam fee: $1050 – $1500 (includes exam registration fee and exam fee for both Parts);
Portfolio Management: Asset Management, Mutual Funds, Financial Planning;
Equity Research: Accounting, Valuations, Discounted Cash Flows.
Banks: Asset Liability Management, Treasury;
Risk Management: Risk Assessment, Risk Appraisal.
Time to complete the program
To prepare for the CFA, you need to study at least 300 hours for each level. You should pay attention to the Learning Outcome Statements (LOS) from the CFA Institute as they have a complete list of what you should do on exam day
