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Financial Risk
Manager (FRM®)

The global standard for financial risk.

Recognized in every major market, the FRM is the leading certification for risk managers. It is consistently in demand by nearly every major bank and firm in the world, and is awarded only to professionals who demonstrate the knowledge and ability to anticipate, respond, and adapt to critical risk issues.

EARLY REGISTRATION FOR THE MAY 2022 FRM EXAM
OPENS DECEMBER 1, 2021

2022

FRM CANDIDATE GUIDE

Download the comprehensive FRM handbook, which includes information about sitting for the Exam, earning the certification, and using the designation to further your career in risk.

Boost Your Career

There's never been a more crucial time to stand out. As the financial industry becomes increasingly competitive, the professionals who succeed are the ones who can demonstrate their ability to add value to an organization. Earning your FRM proves that your knowledge and skills are up to the latest international standards, and connects you to an elite network of expert risk professionals employed by the world's leading institutions.

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Stand Out to Top Employers

FRMs are constantly in demand by the world’s leading companies and banks. Our certified FRMs are currently employed in more than 190 countries and territories worldwide.

TOP 10 COMPANIES EMPLOYING THE MOST FRMs*

  1. ICBC
  2. Bank of China
  3. HSBC
  4. Agricultural Bank of China
  5. Citigroup
  6. KPMG
  7. Deutsche Bank
  8. Credit Suisse
  9. UBS
  10. PWC

*companies ordered by the number of FRM employees

TOP 10 GLOBAL BANKS EMPLOYING FRMs*

  1. ICBC
  2. China Construction Bank
  3. Agricultural Bank of China
  4. Bank of China
  5. JP Morgan Chase
  6. Wells Fargo
  7. HSBC
  8. Citigroup
  9. Bank of America
  10. Banco Santander

*banks ordered by the article below

Source: Chen, Liyan. "2015 Global 2000*colon; The World's Largest Banks." Forbes. Forbes Magazine, May 6, 2015. Web. July 23, 2015.

Comparable Degree Levels

According to an independent benchmarking study conducted by the UK ENIC (formerly UK NARIC), the FRM is comparable to a master's degree in ten national and regional educational systems. Based on this highly specialized content, complex candidate requirements, and industry-based curricula, the FRM was deemed equivalent to:

LOCATION

DEGREE LEVEL

United States American master's degree standard
Canada Ontario Qualifications Framework Level 12
United Kingdom Regulated Qualifications Framework Level 7
European Union European Qualifications Framework Level 7
Hong Kong Hong Kong Qualifications Framework Level 6
Taiwan Taiwanese master's degree standard
Singapore Singaporean master's degree standard
Australia Australian Qualifications Framework Level 9
India Indian master's degree standard / National Qualifications Framework Level 9
South Africa National Qualifications Framework Level 9

Benefits for Chinese Candidates

The FRM is approved by the Occupational Skill Testing Authority (OSTA) and the Ministry of Human Resources and Social Security (MOHRSS) in China as a National Vocational Qualification Certificate. Over 325,000 people from around the globe have registered for and taken the FRM over the last 20 years, including 9,500 certified FRMs currently employed by every major Chinese financial institution. Upon successful completion of the program, candidates in China will receive the FRM certificate acknowledging their achievement and inclusion among a select group of global risk managers. They will also receive a certificate in Chinese and verify their certification status at http://gjzs.osta.org.cn to be listed as globally certified risk professionals.

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Employment Benefits of Becoming an FRM

As the field's leading designation, the FRM is the key indication of candidates with proven ability and experience. To earn it, you must not only pass two challenging and rigorous exams, but also spend at least two years working in the field. By earning your FRM, you will prove your skill at identifying, analyzing, and mitigating risk at a high level, and showcase your ability to add value to firms in a number of specialized areas.

Download
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Global Practice Analysis Report

View a comprehensive survey of 3,200+ financial risk management professionals — who they are, where they work and the skills and knowledge they need to perform their jobs.

View Report

Meet a Certified FRM

Hear what FRMs have to say about their certification

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Jing Lue Gramespacher

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As chief compliance officer at one of Asia’s largest alternative inves...

Hannes Valtonen

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Derivatives trading is an increasingly complicated affair, says Glenn ...

Glenn Barry

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David Wolfowitz

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Alessandro Mauro

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Vice President, Strategy & Analytics/ Senior Quantitative Business Ana...

June J. Meimban

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With a background in aerospace and engineering, Tracy Rucker-Wilson's

Tracy Rucker-Wilson

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Tao Pang

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Sverrir Thorvaldsson

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Jared believes the skills that certified FRMs develop by taking the ex...

Jared Forman, FSA, CERA

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Roderick Powell

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Salvator-Claude Foca

Become an FRM

EARLY REGISTRATION FOR THE MAY 2022 FRM EXAM OPENS DECEMBER 1, 2021

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