The FRM course fees vary based on the period of registration and the level of the exam. The Financial Risk Manager, FRM is an international standard professional certification that offers risk management training to individuals. The FRM course, by the Global Association of Risk Professionals, equips candidates with skills in assessing and managing financial risk. FRM Course Fees: Total enrollment fee, exam fees, and study materials comprise the overall costs for the FRM Course. It is highly valued in the banking, finance, and investment sectors; therefore, a lot of finance professionals opt for this certification in India and across the globe.
What is FRM?
FRM is a course that mainly focuses on those who can manage risks and uncertainties. It is a year-long certification course offered by the Global Association of Risk Professionals (GARP), which conducts this examination to certify professionals who specialize in risk management, which deals with concepts related to operation management and risk and commercial risks. After successful completion of the FRM course, people can take up myriad positions like risk manager, regulatory risk manager, commercial risk manager, etc.
Besides, FRMs also have requisite information pertinent to risk measurement. Moreover, FRM are linked with jobs in high-profile banks, accounting firms, insurance companies, asset management firms, and regulatory agencies as well.
FRM Course Fees
The FRM course fee is based on the time of enrollment and the study material. While enrolling for the program, the applicant must pay an initial one-time registration fee of $400 (₹35000 Approx.). Fees for the exam vary based on enrollment time: Early-$600 (₹52000 Approx.); Standard $800(₹70000 Approx.); and Late-$1,000 (₹87000 Approx.). All these fees are paid separately for Part 1 and Part 2.
The Study material can cost about $200–$500 (₹17000-₹44000 Approx.), depending on the fact whether one is purchasing the official GARP material or a third-party package. Preplanning and early registration also reduce the fees paid for the exams. FRM is an excellent investment for the career-building process in risk management.
| Particulars | Fees (Approx.) |
| One-Time Enrollment Fee | ₹35000 |
| Early Registration Fee | ₹52000 |
| Standard Registration Fee | ₹70000 |
| Total Fees | ₹1,57,000 |
Additional Costs
- Study materials: Around $300 to $500 (₹25,000 to ₹40,000)
- GARP membership (optional): $195 per year (₹16,000)
- Re-examination fees (if required): Same as the original exam fees
FRM Duration
The duration of FRM courses varies based on many factors. The GARP recommends that for full-time students, there should be at least 300 hours of study for each Part 1 and Part 2, which equates to approximately 10 months. In the case of working professionals, GARP estimates 400 hours of study for each Part 1 and Part 2 and would approximate about 1-2 years. However, it takes about 1 to 2 years to complete your FRM certification. But to get along with you, let’s come up with some elements that form the duration of the examination.
Factors Influencing FRM Course Duration
The FRM duration varies with several factors that affect it; therefore, the candidates need to remind themselves that the journey is unique and not comparable to other aspirants. Some of the factors that considerably influence FRM course duration include the following:
- Educational Background and Work Experience: If you have prior knowledge and relevant work experience in finance, risk management, or quantitative disciplines, the FRM course material will seem familiar to you, thereby decreasing the FRM course duration.
- Availability of Study Time: Another factor that profoundly influences the FRM course duration is time and how much it is available for you. The full-time student or professional with a flexible schedule will be able to dedicate more time to studying than one who has more stressful work hours or personal commitments.
- Preparation Strategy: No doubt, for any qualification, if approached with a structured study plan and appropriate study materials, the overall duration is impacted significantly.
FRM Eligibility
If you want to know about FRM eligibility, In that case, there are no strict educational or professional prerequisites for enrolling in the FRM program, making it accessible to a wide range of aspirants. As GARP, There is no minimum requirement, but a bachelor’s degree is recommended.
| Criteria | Details |
| Educational Qualification | A relevant bachelor’s degree. |
| Work Experience Requirement | Minimum of 2 years in areas like risk modelling, risk analysis, risk management, or related fields. |
| Waiver Policy | A master’s degree in a relevant area can reduce the work experience requirement to 1 year. |
FRM Syllabus
The FRM syllabus is divided into two parts, covering essential aspects of risk management and financial markets.
| Part | Topics | Weight (in %) |
| Part 1 | Foundations of Risk Management | 20 |
| Quantitative Analysis | 20 | |
| Financial Markets and Products | 30 | |
| Valuation and Risk Models | 30 | |
| Part 2 | Market Risk Measurement and Management | 20 |
| Credit Risk Measurement and Management | 20 | |
| Operational Risk and Resiliency | 20 | |
| Liquidity and Treasury Risk | 15 | |
| Risk Management and Investment Management | 15 | |
| Current Issues in Financial Markets | 10 |
FRM Salary
FRM certifications open doors to very lucrative professional career opportunities in financial risk management. The professionals with this professional certification are always in demand for Risk Manager, Financial Analyst, and Treasury Manager roles. Industry-standard salaries for professionals in FRM India also start to reflect the growing demand for the value of expertise in the area of managing financial risks.
| Job Profiles for FRM Holders | Average Salary in India (₹ LPA) |
| Risk Manager | ₹15–20 LPA |
| Financial Analyst | ₹10–15 LPA |
| Credit Risk Analyst | ₹12–18 LPA |
| Treasury Manager | ₹18–25 LPA |
| Portfolio Manager | ₹20–30 LPA |
FRM Course FAQs
1. What is the total FRM course fees in India?
The total FRM Course Fees in India is ₹1,20,000- ₹2,00,000 depending on early or standard registration.
2. How long does the FRM course take?
The FRM course takes 1-2 Years, depending on study pace and exam scheduling.
3. What are the eligibility criteria for the FRM course?
Eligibility is not that stringent; a finance background is, however, preferred. Certification is given to candidates who have at least two years of experience.
4. What is the average FRM salary in India?
FRM salary in India ranges between ₹9 Lakhs-₹12 Lakhs based on experience, the nature of the job, and the respective organizations.
5. Can I take both FRM Part 1 and Part 2 exams together?
Yes, both exams can be attempted on one single day, but after preparation, of course, you should do FRM Part 1 followed by attempting Part 2.
