CFA vs FRM

Differences Between CFA and FRM

The primary difference between CFA vs. FRM is the topics that it covers. CFA, on the one hand, covers a broad range of topics in Finance like Corporate Finance, Portfolio Management, Accounting, Fixed Income, Derivatives, etc.. In contrast, FRM is a specialized exam for obtaining expertise in Risk Management. Additionally, CFA prepares you well for careers in Investment BankingCareers In Investment BankingAn investment banking personnel is a motivated professional who aims to help their clients reach their financial goals and objectives. The top four investment banking careers are - Analyst, Associate, Vice president, Managing director. read more, Portfolio Management, Financial Research. In contrast, FRM is suited for those who want to make a career in Risk management in Banks, Treasury Department, or in Risk Assessments.

If you had to choose between the two – CFA® or FRM, which one will you take?

Maybe CFA®, maybe FRM, or both? This is one of the most frequently asked questions when students make up their minds to advance their careers in Finance. Making the right choice is important because each of the examinations takes a lot of hard work, money, and of course, a lot of time. The choice, however, is sometimes difficult for those who are not aware of its key differences.

I was fortunate to pass both the CFA® and FRM exams and was lucky to go through the course details, benefits, and nuances of both the examinations. In the past, I have mentored hundreds of students for CFA® and FRM examination, and through this blog, I thought of preparing a quick guide on CFA® vs. FRM that will help students make an informed choice.

To show you the key differences between CFA® and FRM, I have created an infographic that will help you make an informed choice. 

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CFA vs. FRM Infographics

I am reading Time: 90 seconds.

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CFA vs FRM – Comparative Table

SectionCFAFRM
Organizing BodyThe CFA Institute (USA) is the organizing body for the CFA exams.The Global Association of Risk Professionals (USA) is the organizing body for the FRM exams.
PatternThe candidates need to undergo three sequential exams – Level I, Level II & Level III, to complete the course.The candidates need to undergo three sequential exams – Part I & Part II, to complete the course.
Duration of CourseOn average, the candidates take 3-4 years to complete the course.The candidates are mandated to clear the Part II exam within 4 years of passing the Part I exam.
SyllabusThe syllabus primarily covers the following topics
  • Economics
  • Ethics & Professional Standards
  • Corporate Finance
  • Portfolio Management
  • Equity & Alternative Investment
  • Quantitative Methods
  • Fixed Income & Derivatives
  • Financial Reporting & Analysis
The syllabus focuses on the following topics
  • Quantitative Analysis
  • Risk Models
  • Financial Markets & Products
  • Valuation
  • Credit Risk, Market Risk & Operational Risk
  • Investment Management
  • Treasury & Liquidity Risk Management

Exam FeesThe overall cost includes exam fees that vary in the range of $700-$1,000 based on the time of registration and the one-time registration fee of $450. The overall cost of the course falls in the range of $2,550 to $3,450 if the student can clear all the exams on the 1st attempt.The overall cost of the course includes the enrollment fee and the exam fees, which vary based on the time of registration. The overall cost falls in the range of $1,175 and $1,775  if the student can clear all the exams on the 1st attempt.
JobsSome of the common profiles include
  • Strategic Analyst
  • Wealth Manager
  • Portfolio Manager
  • Investment Analyst
  • Financial, Consultant
Some of the common profiles include
  • Risk Manager
  • Investment Banker
  • Risk Analyst
  • Financial Risk Consultant

DifficultyThe qualification exam for CFA is one of the toughest exams. The pass rates for the exams conducted in June 2019 were
  • Level I: 41%
  • Level II: 44%
  • Level III: 56% [Source: CFA Institute]
The qualification exam for FRM is very difficult. The pass rates for the exams conducted in 2019 were
  • Part I: 45.9%
  • Part II: 58.6% [Source: GARP]
Exam DateThe schedule of the upcoming exams for the year 2021 is as follows
  • Level I: Feb 16-Mar 01, May 18-24, Aug 24-30 & Nov 16-22
  • Level II: May 25-Jun 01 & Aug 31-Sep 04
  • Level III: May 25-Jun 01 & Nov 23-25
The schedule of the upcoming exams for the year 2021 is as follows
  • Part I: May 08-21, Jul 10-23 & Nov 13-26
  • Part II: May 15 & Dec 04-10

Pro Tip: CFA vs. FRM

If you want to professionally learn Investment Banking Skills, you may also opt for this Investment Banking Training (99-course bundle)

So which one are you taking – CFA or FRM exam?

If you have any questions/feedback on these examinations – CFA® or FRM, please do drop a comment below

Reader Interactions

Comments

  1. AvatarAaron Roy says

    Hi Dheeraj, I’m a qualified ACCA Affiliate and I feel I need to add more value to my dossier. Would CFA be a good option for me? As I’m contemplating on a move to the banking sector.
    Would a background in ACCA help in preparation for CFA?

    How would choosing FRM over CFA help me?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Aaron,

      CFA can be beneficial for you compared to FRM. ACCA will help you a lot for your prep for CFA as there are common subjects like Accounting, Financial reporting, and analysis, risk, financial management, performance management etc.

  2. AvatarMichael says

    Thank you for the article,

    I am curious about the course content for FRM. Specifically I am very interested in Basel and VAR. Are these items well covered in FRM?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Michael, Basel and VAR are covered in FRM, however, you may not find these topics covered exhaustively in the curriculum.

  3. AvatarRhiswan says

    Hello Dheeraj,

    Would like to thank you for giving such an insight about FRM and CFA.

    I need some advice regarding my career, it will great if you can help me out.

    Currently I’m for a manufacturing industry as Asst Manager (F&A), but my interest is completely lying with Investment bank especially in analysis domain. I did P.G.D.M Finance and B.E Mechanical prior to current job.

    How should I proceed further to get into investment bank? I have good knowledge in product control & work related to middle office And I’m interested in that domain too.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Rhiswan,

      Given your experience and education, you need to show more in terms of skillsets required in Investment Banking. Considering CFA Level 1 can be the first step to professionally demonstrate your knowledge. Additionally, IB requires accounting, valuations, excel skills. You will need to brush/learn these too so as to make an impression.

      Best,
      Dheeraj

  4. AvatarAbhishek says

    Hey Dheeraj,
    I have 7 yrs experience in Software development in banking domain..Is CFA or FRM beneficial for my career

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Abhishek, CFA will provide you with a broad understanding of finance and will be helpful.

  5. AvatarMisha says

    Hi,

    I have an experience of 1.8 years working in treasury . I am an MBA finance(corr) and now on sabbatical from past 9 months. Please tell which 1 is better for me CFA or CRM which boost my career.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Misha, if you were working in treasury, then FRM should suit you.

  6. AvatarAnkit Arora says

    Sir,
    I am pursuing CA final. should i go for CFA or FRM. But i don’t have any practical knowledge about Finance line as i am engaged in auditing and taxation department.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ankit, go for CFA. CFA is naturally aligned to what you learnt in CA.

  7. AvatarBhavana Vijayakumar says

    Hi Dheeraj!
    I have an undergraduate degree in biotechnology. I am currently pursuing my MBA. I am in the first year. I am going to specialize in finance. I am planning to sit for the first level of FRM in Nov 2017. Do you think doing an FRM certification is sound choice? What expectations should I have and how should I be prepared? Where should I be looking for opportunities for getting into a risk management role? What kind of career opportunities would I have once I finish my MBA and before I clear both levels of FRM? Your advice would be of great help!

    Thanks!
    Bhavana

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Bhavana,

      FRM is a great option to consider. All the very best. Do have a look at this detailed post on FRM Exam

  8. AvatarShalini Khutliwala says

    Hi Dheeraj I have done MBA Finance and I am currently with a Public Sector Bank for the past 2 years. I’d like to know if CFA would be better or FRM. I’d want to continue working in the banking sector.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Shalini,

      Which dept within banking sector. If you into credit or risk management side, then FRM will suit you. otherwise, go for CFA!

      Thanks,
      Dheeraj

  9. AvatarPH says

    Hey Dheeraj, I am BTech and working in an MNC as a Manager with Engineering profile and want to change the field to Finance without an MBA, would love to manage portfolios. Will CFA serve the purpose or FRM should also be done?

    • Dheeraj VaidyaDheeraj Vaidya says

      Given your experience and interest, CFA is best suited here.

  10. AvatarPratiksha says

    Hi,
    I have done B.E in Information Technology and MBA in Finance.
    I have of 2 years of Developer Experience (C#.net and SQL Server 2008) and 1 year of Business Analysis Experience (Remittance Business). I want to select one of the two certifications CFA or FRM. Which one would you recommend for me?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Pratiksha, since you an MBA finance, additional certification like CFA or FRM will surely complement you. Your experience in tech is not related to either of the two. In this case, you may choose the one that you like. CFA is all about Corporate Finance, Portfolio Mgmt etc, while FRM is about Risk management.

  11. AvatarKeshav says

    Hi Dheeraj,
    I find your article very valuable.
    I am currently pursuing MBA finance and going to join one of the big four that pays me 5.5lakhs as a tax consultant.I am loggerheads as to which course is suitable to me. I have a commerce background as well as decently good at quant. While I clearly got to know the various avenues each course would open up for me. I want to know what you think is apparently suitable for me. I would also like to know what would be the entry level profiles for each and the packages expected per say.
    Waiting for your invaluable advice.
    Thanks in advance.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Keshav, thanks for your note :-)
      Given you are MBA + joining a great company, you are doing very well for yourself. If you do not have any specific choice between the two, then I would recommend CFA as it provides wider career alternatives and is also well recognised globally. With your experience + CFA, you should be able to get a reasonable raise in the expected profile.

  12. AvatarPrashant says

    Hi

    I have done CFA from ICFAI and working in Retail Finance HL & Mortgage on Underwriting side, I am having experience of 12+ years, Now i am planning to do FRM. Pl let me know will it be beneficial and what will be career prospects.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Prashant, it can be beneficial if you would like to continue working in underwriting or risk management side. since FRM is a global exam, it will provide a career boost to your overall profile.

  13. AvatarMuyiwa says

    I have a Bachelors in Economics (education) and i have worked as an accountant for 3 years, which of this exams will you advise i go for ?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Muyiwa, purely from your background perspective, CFA will suit you more. This is because you are an economics and accounting graduate. FRM suits those who come from Quant background.

  14. AvatarNeha says

    Hi Sir,

    I am working as a credit analyst. Which of the two, FRM and CFA would you recommend for me to gain a competitive advantage in my job ?

    • Dheeraj VaidyaDheeraj Vaidya says

      What kind of role within credit do you work for? If you are more into analyzing companies balance sheet, providing credit ratings, preparing financial models, then CFA should suit more.

  15. AvatarVishal says

    Hello Sir,

    I am preparing for CFA level 1 for Dec 2016 so that i can get a job in Investment Banking. Currently i m doing a job in a non finance role.
    Sir, i want to pursue both CFA and FRM and then go for MBA. What are the roles i can expect in future?
    Thanks in advance.

    • Dheeraj VaidyaDheeraj Vaidya says

      yes you can do both CFA and FRM and later go for MBA. However, your initial roles would be a bit entry level as a financial analyst.

  16. AvatarPrankit Jain says

    Hi Dheeraj, Thank You for writing the article, It cleared many of my doubts. I am working as a Market Research Analyst, and want to pursue my career in to financial risk, where I can use my technical expertise too as an analyst. Will FRM is a better choice? Thank You!

    • Dheeraj VaidyaDheeraj Vaidya says

      Given your background and interest Prankit, looks like FRM can be a great choice.

  17. AvatarSilpa says

    Hi Dheeraj,

    Thank you for the information.
    I have completed MBA in finance and currently working for one of the big four’s in Risk Consulting(Past 6mos). I am really confused on deciding between CFA/FRM/Both. Is it okay to do both or is it ‘The Road Not Taken’? Having completed both I am sure you will be the best to answer my question!

    Thanks in Advance :)

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Silpa, there are many who consider doing CFA and FRM both. In the short run, passing both exams can provide you wide variety of opportunities to choose from. However, in the long run, it is only one that you will find useful for day to day job. I found CFA very useful for doing a financial analyst job.

  18. AvatarInderpreet Singh says

    sir,
    i have 3 years of experience in private bank in loan operation. now i want to opt of any one of the course which one would be better for me FRM or CFA.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Inderpreet, your work experience in loan operations may not be directly linked with either of the exams. With this, you can choose whichever exam you have interest in. FRM is all about quant and risk management. CFA has a broad topical coverage like Corporate Finance, Accounting, Fixed Income, Portfolio Mgmt etc.

  19. AvatarAanchal says

    Hello Dhiraj,

    I am a CA (Nov 2015 cleared). Currently my work profile is accounting, provisioning, etc for financial preparation in a reputed Nbfc. I am not satisfied with this kind of a profile and am looking to do either CFA or FRM for changing my job profile. what do you recommend?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Aanchal, you should consider CFA exam. Also, once you are done with your CFA level 1, then please do apply for financial analyst roles in all Ibanks as well as 3rd party KPOs. You should be able to find an exciting opportunity!

  20. AvatarMegha Khanna says

    Hi Dheeraj,

    Indeed a distinguished article clearly highlighting the merits of each course.

    I am a Chartered accountant near to completing two years of work experience in an IT sector and I wish to take up FRM for my further studies and pursue my career in the area of risk management from here in onwards..I wish to know from you is it a good idea and my work experience can be counted as relevant two year work experience required for FRM ?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Megha, I am not sure if your work experience will get counted. It does depend on the kind of role you are working for? FRM is a great idea for those who want to make advancements in Risk Management careers.

  21. AvatarShailendra kumar says

    Hi Dheeraj,
    Thanks for the article.I have done my B.E in Computer Science and 10 years of software development experience. I have been working for finance domain mainly Retail Banking, Loan, and Private Banking(Trade order) for their technology division,and am quite interested to grow my career further in a techno functional role within finance domain only.
    Which of the certifications do you feel should help me in my growth as Techno Functional Consultant in these areas will it be CFA or FRM ? Help will be appreciated

    • Dheeraj VaidyaDheeraj Vaidya says

      If you are looking for a techno functional consultant role then CFA is the certification to choose. CFA curriculum is broad and largely covers majority of the topics in Finance.

  22. AvatarGeorge says

    Hi Dheeraj
    I post a comment before and was deleted I don’t know why. I need your help, I need to do the FRM and I know it need solid background of statistics and probability. I don’t know what type of courses I need to study to have this knowledge. I got my Bachelor of Commerce long time ago. I would appreciate if you could help me
    Regards

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi George, those who have a maths background find it relatively easier to take FRM exam. Just that you may have to spend more time on the Quant section of FRM exam. Consider taking some supplementary material or prep notes to get more practice in this section.

      All the best for your preparation!
      thanks,
      Dheeraj

  23. AvatarSM says

    Hi,
    How difficult is to satisfy the 4-year experience requirement for CFA? I currently work as a controller in a venture lending firm and am involved in valuations of our investments. but I am not involved in investment making decisions. will this be an issue? In terms of my background, I am a chartered accountant from India and a certified public accountant in USA.
    Thanks for your help
    Subha

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Subha, given your work experience and education, I think you will clear the 4 year requirement easily. However, it is always best to write to them and seek their advise on this.
      Thanks,
      Dheeraj

  24. AvatarGanga says

    Hi Mr Dheerja,

    Fortunate to find your blog when i am at cross roads of my career . I did my UG in Industrial & production engineering , however employed in two banks as operations manager for a period of 10 years. I quit my job and doing masters in US in Data Science and Business Analytics. I am under impression that my banking experience with analytics education can make my entry into risk analyst an easy affair. However when i started attending for interviews for internships in risk management profile, the rejections made me worried of my future. Is having too many years of experience is a negative qualification to get in to this career. Does FRM needs any prior work experience in Risk management.Advise me having FRM would boost my chances of getting into risk management.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ganga, thanks for your note. You dont’ need any prior work experience to take FRM. FRM will surely boost your chances of getting into risk management.

  25. AvatarSarvesh Mopkar says

    Dear Dheeraj,

    The article is really very good. I recently purchased the finanacial modelling course and I am finding it very helpful.

    But I have a query for you. I am a Chartered Accountant from ICAI India and run my audit firm for the last 5 years. Besides, I also take freelancing teaching assignments in the finance/accounting domain.
    I want to upgrade myself with a new international qualification. I am confused between CFA and FRM.
    The designation should help in in upgrading myself as a trainer in core finance, which can help me obtain training assignments in core finance domain. Which would help me more, CFA or FRM? I have read your comparative article before, but want to know your opinion with respect to my specific requirement. Kindly help.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sarvesh, given your CA background, I think CFA will suit you. Good luck!

  26. AvatarJames says

    Hi there,

    I am wondering what qualifies as work experience for the FRM? I am still a student in Economics and graduating April 2017. I have worked in a branch as a teller for 3 years and worked in insurance underwriting for another 4 months.

    Also, If I am planning on taking the test May 2017, would I purchase the textbooks for 2016, or would there be new textbooks released for the 2017 exam sometime soon?

    Thank you!

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi James,

      As per GARP, one should “Demonstrate 2 years of professional full-time financial risk management work experience”.
      The key words are “full time” + “Risk management”. If your current job profile doesnt have both, then it is not considered as relevant.

      If you are planning to take the test in May 2017, then you can purchase the most recently available textbooks. They will be fine for the 2017 exam.

      Best of luck,
      Dheeraj

  27. AvatarGeorge says

    Hi Dheeraj
    Thank you for your advice and support.
    I have a bachelor of Commerce, I work in Payroll and I am thinking to switch my career to finance. I got my bachelor 1999. I want to do the FRM to help me find a job in risk management. I don’t know if this a good step to follow or not specially I am not good in Math or statistics as I Can’t remember any of it. If I will go for the FRM I will start with the foundation courses also I will get the help of schweser.
    What do you think?I need your opinion.
    Regards,
    George

  28. AvatarHarshit Gaud says

    Hi Dheeraj,
    I have just completed B.Tech in 2016 and joined a reputed banking firm as a tech member. As i have joined recently i have a very basic idea about how market works or say about domain.
    Is it advisable for me being a novice with no MBA or any business degree to prepare for CFA?
    I want to know how should i start preparing for CFA and what path should i follow like preparation material.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Harshit, good luck with your job. You can prepare for CFA with virtually no finance background. just that you need to spend more time reading the curriculum. The best way to start is to read through the CFA Notes and complement your learning through google etc. We also offer CFA level 1 video training for helping students gain confidence in the subject matter.

  29. AvatarNidhesh says

    Hi Dheeraj,

    Thank you very much for the article. I am currently working as business but want to switch into finance. In term of education i did BE(Electronics & Comm) & MBA. I was thinking of doing CFA until I came across this course of FRM. I am bit confused about whether I should do CFA or FRM.

    Thank you!

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Nidhesh,

      Thanks. Since you are already an MBA and if you do not have any specific interest within Finance, then CFA is what you may consider. CFA is global examination, well respected and and covers vast finance topics.

      Best,
      Dheeraj

      • AvatarMohammed Fabeer says

        Hi Dheeraj,

        I’m currently working as a relationship manager (wealth management) and pursuing CFA level 1. in future I would like to pursue a career as a management consultant. do you think CFA will help me in that.

        • Dheeraj VaidyaDheeraj Vaidya says

          yes Mohammed, CFA should help you gain insights in Finance domain.

  30. AvatarManish Sethi says

    Hi Sir,

    I am doing MBA majors in Finance and yet to get a job, i wish to know what all job profiles should i aim for if i wish to work as a financial consultant and how would CFA help me achieve the same ?

    Also, would it be feasible if i take up a job in an unrelated field for an year or so and do CFA along with that job and then switch ?

    Your guidance is much appreciated.

    Thank you.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Manish, the idea of taking CFA along with a job (related or unrelated) is great! You can think of switching once you clear CFA level 1. For further details on CFA prospects, please refer to this article – CFA Salary

  31. AvatarIrshad says

    Hi Dheeraj,

    I want to go for CFA. I have done MBA in Finance and International Business. But the problem is i have 4 year of experience in marketing. I am afraid that after completing CFA, will I get a Job in finance sector? Also how much time will it take to complete level 1?

    Please help

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Irshad,

      It normally takes 5-6 months (approx. 300 hours) of preparation to complete CFA level 1. I can understand that given your background in marketing, finding a core finance job (financial analyst profile) may be bit difficult. However, a job related to finance that includes portfolio management + a bit of marketing is very much possible after completing CFA.

      Thanks,
      Dheeraj

  32. AvatarGeorge says

    Dear Sir,
    Thank you so much for your time helping others to understand the difference. I am an accountant but I want to change my career to finance and I don’t know where to start specially I don’t remember anything in economics, math or statistic which are basics for finance. I went through the FRM its more specialized than the CFA but I don’t know if it will be good for me. I need your advice.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi George, strictly going by your experience in accounting, you should consider CFA as compared to FRM. this way you can also complement your work experience and grow up the hierarchy.

      Thanks,
      Dheeraj

  33. AvatarMohnisha says

    Dear sir,

    I am a Chartered accountant. I am more interested in Risk profiles, so I am confused between FRM vs Actuaries vs CQF. Please guide.

    Regards,
    Mohnisha

  34. AvatarMoiz says

    Thank for this helpful comprehensive analysis of both the qualifications.

    I have experience of an audit firm and recently joined an asset management company as a compliance officer, but I am not feeling motivated at this department. Mostly people here are CFAs and few of them are FRMs and CAs. I want to excel my career in field of finance, but not financial reporting. I am motivated to see these professionals at my workplace and following both of the qualifications.

    Previously, I have done CA(Pakistan) till intermediate level (not pursing it anymore) and currently, One paper left with ACCA (optional paper opted: audit and taxation). I hope to complete my ACCA qualification in October 2016.

    Can you please recommend me any of the qualification above?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Moiz, did you complete your ACCA qualification? You are already well placed. If you are looking for a core financial analyst profile, then you may consider CFA exam too.
      I think given your experience and qualification, you shouldn’t find too hard to get your desired job.

      Best,
      Dheeraj

  35. Avatarkuljot kaur says

    Hi
    I read your post it helped me alot and cleared my confusion. Now i have decided to go for CFA.
    Now i want a help and guidance from you as i am waiting for my result of bcom final year and wanted to work in profiles similar to CFA as equity management or protfolio management the problem is how to get an internship or job to gain experience as i have enrolled now only. Is iT possible ?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Kuljot, when are you appearing for the CFA level 1 exam – June? For internship, there may not be any shortcuts. You need to aggressively apply to various asset management companies, banks, research firms etc. Also, make sure that your resume contains research friendly keywords like accounting, valuation, financial modeling, excel etc.

  36. AvatarAvinash says

    Hi
    my self avinash,i’m presently doing bba and i’m confused to choose b/w FRM and CFA.Sir i wanna know which course is suitable for me.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Avinash, can you tell me what interests you more – Risk Management or Corporate Finance?

  37. AvatarMeenakshi says

    Hello Sir, I know I am asking a very immature question but being mother I am worried about my son. My son aged 24 years, has passed CFAlevel 1,2016 and have been working as a senior analyst in one of the BIG 4 for the last 15-16 months. I want to know the scope of CFA in Big 4 companies particularly in Delhi- NCR. My son wants to become Portfolio Manager in future.He will be giving LEVEL2 next year. what is the prospect of CFA in Canada? what other type of companies offer jobs to CFA? I hope i have made myself clear to you and you can well understand my dilemma.
    THANKS.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Meenakshi, thanks for your note.

      You shouldn’t worry about your son at all! He is doing exceptionally well by all standards. Cleared CFA level 1 + already working as an analyst in Big 4 + experience! Scope of CFA is huge and it goes beyond the Big 4 too. He can consider roles in Investment Banking, Portfolio Management, Equity Research and many more. Given that CFA is a global exam, it is widely respected (in US, Canada and all other developed coutries). It is considered to be the Gold standard of Financial certifications.

      My suggestion would be that your son should take CFA level 2 exams seriously and make sure to pass it.

  38. Avatarsubhadip dey says

    Hello Sir

    I have completed my post grad in Economics and currently working as a Statistician in a software company and am interested in pursuing CFA in order to start my career in the financial sector. Will my education background be a constraint in pursuing the course?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Subhadip, your work experience as a statistician will not be a constraint. You should go ahead with CFA!

  39. AvatarDion Coleby says

    Dear Sir,

    A very, very informative and cogent blog. It is a pleasure spending an hour trying to understand the nuances of the financial world. Your description and comparison of CFA vs FRM and CFA vs MBA are superb. I am sure you are helping many people. Thank you!

  40. AvatarMadhu Vemana says

    What are the advantages/disadvantages of doing both CFA and FRM. Being an undergrad(Engineering) in his last year, what would be the order in which one should pursue both the exams.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Madhu, if you have no specific interest or inclination towards either of the exam, then you should consider giving CFA level 1 first. there are many advantages of both the exams. You can find detailed note here – CFA exam and FRM Exam here.

  41. AvatarDarshan CP says

    Hi Sir,

    Great article by you, post reading it I decided for opting out for FRM. I am currently working as credit analyst with a bank, but many of my colleagues have warned me of going ahead with FRM and asked me to consider doing CFA. I am bit confused now, as i want to pursue my career in risk management, I believe FRM will be a good option, request your advice.

    Regards,
    Darshan

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Darshan, you must opt for the one that you like the most. Since you like Risk Management, then you must go ahead with FRM.
      CFA is broad based and will not provide you with any new perspective on Risk Management as such.

      Good luck,
      Dheeraj

  42. AvatarBarath says

    Hi Dheeraj,

    Really appreciate your views. I am an Engg, MBA (Fin) from a reputed B School, CAIIB with about 11.5 years exp in Banking (Credit) and Corporate Finance (Treasury) . Wanted to know if a CFA would be appropriate at this stage of career or is it good only for beginner level work ex ? Also in dilemma whether CFA or FRM is more appropriate. Please guide.

    Thanks.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Barath, given your work experience and education, CFA will suit you. You can consider taking CFA along with work.

      p.s. I took FRM and CFA along with a job at hand.

  43. AvatarSung Kim says

    Hi Sir,

    Thank you very much for your helpful post.
    As a final year student studying a Bachelor’s degree for Investment & Risk Management, the two exams have sought my attention. Although I have been more interested in Investment Banking at first, I am not too sure of my future career at this current moment. For an individual with no work experience in the Financial field, would you recommend CFA over FRM due to its broadness? Also, would it be unnecessary to take both exams? (Level 1 of both CFA and FRM)

    Best regards,

    Sung.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sung, if you are indifferent to both the exams, then you may prefer CFA over FRM. this is primarily due to the fact that CFA is much broad based and covers Corporate Finance, Portfolio Management, quant, Equities, Fixed Income etc. Also, CFA is considered gold standard among financial certifications.
      thanks,
      Dheeraj

    • AvatarShruthi says

      Hi Dheeraj,

      Your post was really knowledgeable! I have completed MBA in finance and I am currently working in analytics! I have four months of experience. I want to write either CFA or FRM to accelerate my career options but I’m confused on which to write. As CFA has wide career options, would it be preferred or since I’m working in analytics should I be writing FRM? Please give your opinion on this.Thanks in advance :)

      • Dheeraj VaidyaDheeraj Vaidya says

        Hi Shruthi, very difficult question to answer :-). What’s your work profile in Analytics? I am assuming that you are well aware of statistical concepts, probabilities etc here. FRM seems to be natural extension if this is so. However, you should not think about your interest first. If you want to move to General Finance, Portfolio Management kind of roles, then CFA is well suited.

        Good luck,
        Dheeraj

  44. AvatarMangalam Gehlot says

    Hi Dheeraj,
    Thanks for such useful information and guidance, I am an MBA in Finance with 6 years of experience in IB Operations (OTC derivatives settlements) and OTC derivatives Middle Office and Fixed Income Middle Office.

    I am confused what to opt for growth in my career, please advise ?

    • AvatarMangalam Gehlot says

      Hi Dheeraj,
      Could you get a chance to look into my query.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Mangalam, Since you have an experience in IB operations, then you could consider CFA Exam for career growth. You can also consider the Investment foundation exam (earlier known as Claritas) for resume building.

  45. AvatarDarshan CP says

    Hi,

    I m currently working as a credit analyst in a reputed bank in India with overall experience of more than 5 years and i am opting for FRM. I just have one query regarding the course, is it mandatory to attend 40 hours of Continuing Professional Development (CPD) every two years and if CPD is not attended will there be any negative impact on the certification?

    Thanks,
    Darshan

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Darshan, for FRMs it is not mandatory to attend 40 hours of CPD. However, if you would have considered ERP, then it wud have been mandatory. For FRMs, it is strongly encouraged that they take 40 hours of CPD.

  46. AvatarPhillip says

    Hello,

    Firstly, great job with this site.
    Secondly, what should I follow? CFA or FRM?
    I have to mentioned that a work in a bank. My experience is 6 year in factoring operations(from client manager to risk analyst position)and almost one year in the credit risk assessment, risk division , same bank.

    Thank you for your opinion.

    Kind regards,

    • AvatarDheeraj Vaidya says

      Hi Phillip,

      Thanks for the appreciation. My take would be that you should opt for FRM. This will complement your risk experience with the bank and will help you climb up the ladder.

      Best,
      Dheeraj

      • AvatarPhillip says

        Thank you. I was sure you were going to say CFA. I don’t know if you read my last post in which I was telling you that I have a Bs in Finance and Banking. So, I want to know if you still think I should opt for FRM.

        Thank for your help,
        And have a great weekend!

        • AvatarDheeraj Vaidya says

          Hi Phillip, you may opt for CFA if you are keen on Corporate Finance roles. FRM is primarily for risk management profiles. If you are keen to continue with Risk related profiles, then my take would be to opt for FRM.

  47. AvatarSam says

    hi,

    I am working as a Relationship Manager (Corporate Finance) for a reputed bank in India. I have completed MBA in Finance. I want to accelerate my career in banking industry and I am also looking for overseas opportunities. Should i go for CFA or FRM?

    • AvatarDheeraj Vaidya says

      Hi Sam, given your background, CFA should suit you more. It has global acceptance and covers Corporate Finance subjects in greater detail.

      Best,
      Dheeraj

  48. AvatarAbhishek Singh says

    I M INTERESTED IN FRM BUT I M IN B.COM 2 YEAR CAN I APPLY FOR FRM EXAM LEVEL 1 OR 2 ?

    • AvatarDheeraj Vaidya says

      Hi Abhishek, my understanding is that there is no minimum eligibility for FRM examination. However, it best to check with GARP on this.

  49. AvatarHasan Saud says

    Hi Dheeraj,
    I have done my B.Tech in Computer Science with around an overall 10 years of software development experience. I have been working for the last 7 years in Investment banks for their technology division,
    and am quite interested to grow my career further in a techno functional role within investment banking only. I have worked mostly for front office derivative trading systems and very closely with the implementation of Risk and PnL reporting with knowledge of calculations involving greeks like Delta , Gamma etc, and am very interested in the pricing aspects of the derivatives.
    Which of the certifications do you feel should help me in my growth as Techno Functional Consultant in these areas will it be CFA or FRM ? Help will be appreciated

    • AvatarDheeraj Vaidya says

      Hello Hasan, given your experience and knowledge, FRM will suit you more. It covers derivatives and risk practices in complete detail and will surely complement your current profile.
      Thanks,
      Dheeraj

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Hasan, given your current experiences involves risk implementation and calculation of greeks/pricing deriviatives, FRM is more suitable.

  50. AvatarAkansha says

    Hi Dheeraj,

    I am working in the investment banking division in one of the big fours. I am a CFA charter holder and MBA finance. I wish to enhance my knowledge in the risk management domain and complete the FRM certification as soon as possible. Considering the next FRM exam is to be held in the second week of November, and we are already sitting at the end of August, I wanted to understand if FRM part 1 is do-able in the next 2.5-3 months (given my involvement to a full-time job as well). Also, given the shorter time frame, will it be fine to opt for the reading material from third party providers, like Schweser, and skip the curriculum material?

    It will be great to know your thoughts (The second deadline for FRM registration ends this 31st, so I have to make up my mind quickly :) )

    Thanks

    • AvatarDheeraj Vaidya says

      Hi Akansha,

      2.5 months prep time is a reasonable time frame. Also, Schweser should be good enough as of now.

      I am sure you can pass with this :-)

      Good Luck,
      Dheeraj

      p.s. – i was fortunate to pass FRM with less then 2 month prep + Schweser notes :-)

      • AvatarAkansha says

        Thanks a lot for your inputs, Dheeraj. It does give me clarity in giving a shot at the November attempt. :)

        • AvatarDheeraj Vaidya says

          Thanks Akansha!

  51. AvatarParas says

    Hi Dheeraj
    I am pursuing CA Course and have cleared IPCC Group 1 and will be giving Group 2 in Nov 16 and also there are only 6 months left for completion of my internship. I have deep interest in CFA and want to pursue CFA at any cost. But the problem is that i am not finding interest in CA Course,also after my internship gets over i will do financial modelling course and will appear for CFA examination in 2017. and i will also pursue Diploma in IFRS from ACCA London. My question to you is that if i leave CA and do only CFA,IFRS and have some skills like financial modelling , microsoft excel than whether i will get a job in equity research or Investment Banking or in portfolio management.Please reply asap. I love finance and also like subjects in CFA and also read financial papers,books etc.

    • AvatarDheeraj Vaidya says

      Hi Paras, i understand that CA is a very focussed exam dedicated to accounting, audit and taxation. If you are not finding much interest in CA, then there is no point continuing the same. CFA + IFRS + financial modeling excel skills can help you to get a job in ER or IB profile.
      Good luck,
      Dheeraj

      • AvatarKunal says

        Sir financial modeling is a good course for frm student

        • Dheeraj VaidyaDheeraj Vaidya says

          Hi Kunal,

          Financial modeling is a must know skills for Investment Bankers and Equity Research analysts. If you have an interest in such field then you can definitely consider Financial Modeling Course.

  52. AvatarKanwaljeet says

    Hello Dheeraj, Firstly you comparison of CFA Vs FRM is very informative & thanks for the same. I am a CA (2002 batch) and have recently completed my CFA (2016) so a big gap between both my degrees. Previously I have worked as auditor for Deloitte for 3 yrs then in accounting profile in Fidelity (for 2 yrs) and presently I am working in a private equity company in their funds admin/operations. Given my age 36 and experience & qualification, can you please help in guide me in my career considering I really want to capitalize on my CFA given the number of years that I have spent on the same. thanks

    • AvatarDheeraj Vaidya says

      Is it possible for you to get involved in mainstream PE work in your current company. I understand that it may be difficult to start with but your CA+CFA should make you eligible for any kind of financial analyst profile. Also, start learning core excel based financial modeling and valuation skills so that your resume gets additional boost for shortlist. Do checkout this Financial Modeling in Excel to start with.

  53. AvatarAanchal says

    Sir i am final yr student and m presuing company secretary. Whether i should go for cfa?

    • Dheeraj VaidyaDheeraj Vaidya says

      What’s your interest – Risk Management or Corporate Finance?

  54. Avatarsam says

    Hi Dheeraj,
    This is quite an awesome page you maintain. Want to bounce a few ideas off you. I have a technology risk management b/g of 10 years and working in Risk Consulting for a big 4 firm for quite some time. I have been toying with this idea of a certification in Financial / Operational risk for quite some time. My long term goal is to grow into a C-suite executive for Risk Management for financial institutions and whose role will involve risk management aspects of Financial Risk, Tech Risk, Ops Risk etc.

    Do you think FRM is a good choice for that, i was also looking at PRMIA as another option. would appreciate your thoughts on the same.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sam, Given your experience, FRM looks like a great idea! You could consider PRM too, however, FRM is well known exam between the two.

  55. AvatarAndrew D says

    Hello Dheeraj,
    I am currently finishing my undergraduate degree and wanted to break into more speculative finance, such as working for a hedge fund. I was thinking that the FRM certification would be more fitting for this and wanted to get an opinion, thank you for the help.

  56. AvatarKaran Agarwal says

    Hi I am bit confused between CFA, FRM and Actuarial Science. I am pursuing my MBA right now and want to go for certification course as well. So bit confused between which ones to choose. I am planning to pursue career as Analyst. SO which one is best suited for me. Please do guide and thanks in advance.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Karan, if you thinking of a role of Financial Analyst in IB, Equity Research etc, then CFA is the certification to look at. If you are thinking of Risk Analyst, then FRM is the certification.

  57. AvatarMansi says

    Hi
    I am a commerce graduate, have 3 years of experience in Forex and Treasury, Its high time and I want to enhance my capabilities in my current field, which one is better for me ? FRM or CFA ? Also, I have good interest in currency market, have worked for 1.5 years in this field. Is there any better option for me other than these two?
    Thanks.

    • AvatarDheeraj Vaidya says

      Hi Mansi, given your experience and interest in Forex and Treasury – FRM will suit you more. FRM is best in Risk Management due to its global appeal.

      Best of Luck,
      Dheeraj

      • Avatarshehab eldin says

        Hi
        I am graduated from B.s commerce then i tried 2 times to enter CMA part 2 exam but it dosnt work however i hold MBA in finance which push me lately to work in my Bank in Risk Management dep as Credit Risk Analyst. I need to enhance my career So i was wondering Do i have to reappear again for CMA exam as i already have exam knowledge (the chance will be easier) ? OR start over in FRM or CFA? I know that FRM is more related but i think CFA have globally acceptance and brand name that distinguish whoever hold than FRM which is not in the same fame?
        As well as in many career pages related to banks they require CFA as mandatory prerequisite however FRM seem to be more relevant.

        • Dheeraj VaidyaDheeraj Vaidya says

          Hi Shehab,

          you already know the right answer for Credit Risk analyst i.e. FRM. FRM is appropriate for you at this stage.
          Why not considering both? Atleast CFA Level 1 (if not more) along with FRM?

          Best,
          Dheeraj

  58. AvatarPriyank says

    Hi Dheeraj,

    I am working in a public sector Bank since the last 5 years in Risk Management Department. Working in Risk Management I have good exposure towards Basel Norms but my knowledge is limited towards other areas of risk management as my work was limited to that area. Recently I Have been posted in Treasury department to handle Mid office Operations & I am gaining insight towards treasury operations. Should I go for CFA or FRM. Also what certification value more in Indian Context. Can both the papers of FRM be cleared the same day (referring to the course and intellectual ability)

    Please Guide.

    • AvatarDheeraj Vaidya says

      Hi Priyank,

      I don’t think you should have any problems in clearing both FRM papers on a single day. Given your experience and interest, FRM is the right certification to look at.

      Best,
      Dheeraj

  59. Avatararun setia says

    Sir..I am an Engineering Graduate working in a PSU bank for 2 years in credit section.I want to pursue CFA and Distance MBA from IGNOU
    together.Can I pursue both together?
    What is the total fees for CFA course and duration to complete ?
    Thanks and Regards

    • AvatarDheeraj Vaidya says

      Hi Arun, you can do both – CFA and distance MBA – no problems with that! You can get full details of the CFA examination and its fees etc here.

      Thanks,
      Dheeraj

  60. Avatarkshama sengar says

    Hi dheeraj
    A very informative article indeed. I am employed with a PSB for last 6 yrs, presently working as a branch manager. During this tenor i also worked as a credit analyst for 2 yrs. I am an MBA finance 2009 passout. I was looking at bothe CFA and FRM options and am really confused. Could you may be help me with that?
    Regards

    • AvatarDheeraj Vaidya says

      Hi Ksahama, thanks for your note. I think given your credit analyst experience, CFA is a much better option to choose. CFA curriculum covers a lot on Financial Analysis etc. This certification should boost your resume. However, FRM is a bit quantitative and covers risk mitigation in detail.
      thanks,
      Dheeraj

  61. AvatarSanjay says

    Hi Dheeraj,
    Your blog was quite informative and would have been useful for many guys like me. I am an IT professional working on an ETRM (Energy trading and risk management) tool and would like to take my career towards the business side of things. I was considering ERP as a course to take but i feel that FRM would be more suitable since that would have more scope in terms of jobs. But at the same time i am unsure of its value in the ETRM biz domain.
    I would like to know which is more tougher and does a person require some private tutoring, just so that certain concepts are more easily grasped and there is a strict schedule to the training.

    Personally i feel more interested in the investments business and so have an inkling that i should do a CFA.

    So you see my dilema now. What would you advise?

    • AvatarDheeraj Vaidya says

      Hi Sanjay, to solve your dillema about ERP vs FRM, you can refer to this article FRM vs ERP.

      About your second question on whether you should take CFA or not? CFA has a much broader scope as it covers corporate finance, investment management, portfolio, fixed income, derivatives etc. It is much better to opt for CFA if you are pretty sure that you want to move into this Investment Business. CFA requires close to 2.5 years to complete.. (so you know its best to make informed choice!).

      My take is that given your IT experience in ETRM – FRM or ERP will complement your growth in profile.

      Thanks,
      Dheeraj

  62. AvatarChloe says

    Hi Sir,

    Thank you very much on the clear explanation on both CFA and FRM.

    However, I am in a dilemma on which to take. I have experiences working for investment banking and I wish to enhance my experience by working my way towards becoming a trader or portfolio manager. I am still a fresh graduate with only 1 year & 7 months of working experience. Which would be a better option for me to take? CFA or FRM?

    • AvatarDheeraj Vaidya says

      Hey Chloe, If you want to be in a trader or portfolio manager position, then CFA is a better option than CFA.
      Also, CFA will complements your previous experience and will help you build a perfect resume.
      Best of luck,
      Dheeraj

  63. AvatarAnup says

    Hello Dheeraj
    I am really very confused in choosing MBA or CFA.which one is benificial,can I do CFA with MBA is it possible,will it help me in my carrier,or I should leave MBA and go for CFA?

    • AvatarDheeraj Vaidya says

      It will be great if you could do both… checkout this CFA vs MBA

  64. AvatarGeorge says

    Dear Dheeraj,

    Firstly i feel the need to say that you are providing such a great support to us and i admire you for that..

    I am working 9 years now into a financial services provider in private sector. My responsibilities are related with Money Laundering internal audit and i am a qualified professional in that area. Previously i was an insider banker in that firm…i am seriously thinking of taking FRM exams. What is your opinion; will this certification help me take my career a step ahead taking into account my AML existing background; please note that i am very weak in maths…appreciate your advise in advance. Thank u

    • AvatarDheeraj Vaidya says

      Hi George, you can go ahead and take FRM. It will definitely add lots of value to your credentials. If you consider yourselves weak in maths, then you may have to spend additional time on the quantitative sections of FRM. Between CFA and FRM, it is FRM that is more quantitatively driven.

      Good luck,
      Dheeraj

  65. AvatarSushant Suman says

    Hello Dheeraj,

    I work for asset management operations company as team manager/associate, primarily back office for reference securities data management and trade support function (post trade settlements), looking to get into risk management profile and have decided to go for FRM this year. Will my previous experience be helpful in getting into a risk profile through FRM? currently we deal more with only operational risk related to specific process. Doing FRM with 8 years of experience as mentioned above will provide any benefit?

    • AvatarDheeraj Vaidya says

      HI Sushant, I think your experience should count given that your experience is related to Risk Management. It is always better to confirm such information from GARP directly. You can contact them here.

      Definitely FRM will be helpful addition to your resume.

      It i

      Best,
      Dheeraj

  66. AvatarRitvik Rastogi says

    Hello sir I am a b.com first year student and am quite interested in finance.I know both CFA & FRM are excellent courses but I don’t know when to start them.
    Sir give me some guidance about that.
    Sir where is the combination of CFA & FRM in huge demand(I mean in which sector or which job profile ask for both)?

    A bit curious about it.Please reply soon.

    Thank you.

    • AvatarDheeraj Vaidya says

      Hi Ritvik, You can start CFA/FRM anytime as per your convenience. Earlier you take this better and easier it is!

      Also, i have seen that CFA + FRM is a good combination to get you a shortlist (atleast). However, in most cases you will not be putting knowledge of both (CFA and FRM) at use in job. Either of the two will be useful in any job, not both.

      Best,
      Dheeraj

  67. AvatarHarsh Mehta says

    Hello sir i have completed my mba in finance from a decent college recently. I have receive a job as business executive(sales of financial product).But i am interested in core finance profile (Analyst). i will also be appearing for CFA level 1 in dec. i would like to move into core finance profile after working for 1 year as business executive. Will it be a problem to move from sales profile to core finance proflie Like ( Credit manager or credit analyst or financial research analyst type job ? or should i look for finance job now itself along with working as i am not want to remain idle. How should i deal this situation ? please help me its very urgen

    • AvatarDheeraj Vaidya says

      Hi Harsh,

      Finding a finance job as of now may be a bit difficult. I am assuming that you do not have much of finance background. If you are able to clear CFA Level 1, then you can get into financial analyst kind of profile much easily.

      As such there may not be any issues if you know your finance fundamentals well.

      Best,
      Dheeraj

  68. AvatarSurender Soni says

    Thanks Dheeraj for infographics.

    Quick intro about myself, I work in one of the Big four in Risk Analytics area ( We perform various business process, general ledger related analytics that have direct impact on the Financial statements ) and support Audit professional in carrying out their activities. I am specialized in certain tools like ACL, SAS, Excel Analytics and have reasonable knowledge around finance since we are involved in financial data. Total number of years exp is 6yrs.

    My quest is which course should i opt for, I am looking to enhance my knowledge and create a set path for future. My take on my current job is – its very satisfying as without data insights we cannot take most of the decision and with help of analytics you can achieve deeper insights.

    Your thoughts on this would be really helpful.

    • AvatarDheeraj Vaidya says

      Hi Surender,

      If you are considering between FRM and CFA, then my take is that FRM will suit you more. You already have risk analytics background and FRM will complement your profit.

      Best,
      Dheeraj

    • AvatarAbdul Hai says

      Hello Dheeraj,

      I Studied MBA Finance & worked as an associate analyst for an investment bank for abt 16 months.

      Last 6+ years I’m working in KSA as a secretary .

      I want to enhance my knowledge for a better opportunity.

      please advise short term course to enhance knowledge & better career opportunity.

      Regards

      • AvatarDheeraj Vaidya says

        Hi Abdul,

        If you have keen interest in Investment banking, then CFA is the right choice.

        Thanks,
        Dheeraj

  69. AvatarKumar says

    Hi,

    I don’t have any finance related experience apart from a commerce degree. I’m so moved by finance that I now took up a finance role where in I assist the FP&A manager. To be blunt and honest, I’m more interested in making myself financially strong. I wanted to understand the benefits of doing a CFA VS FRM from salary/growth stand point. I was little surprised that a CFA was making as low as 10lac PA. Which is little demotivating. If a non CFA or FRM is alreaady at that median will it make any sense to pursue a new degree like CFA or FRM and start from scratch and again reach the median down the line 8yrs from now when the fact is you are already at that median. Please help me understand this side of it. I believe the end endeavor of any job is monetary aspect while many may disgree with this but majority may agree. Thank you.

    • AvatarDheeraj Vaidya says

      Good question Kumar :-)

      Agreed that for any job, monetary aspects are a motivating factor!

      However, i would suggest go with something that interests you. Median and other salaries are just benchmarks and it doesn’t hold true for all! CFA provides a solid foundation in Portfolio Management, Corporate Finance etc. It helps get shortlists from well respected banks and is considered to be Gold Standard in Finance.

      Good Luck,
      Dheeraj

  70. AvatarBhavya says

    Hi,

    I am a graduate and working with KPO from last 5 years. As its been quite a time I have stopped studying, how practical it would be if I register for CFA-1 Dec. 16 now? or I should opt for June.17?

    What can be other option if I don’t wanna get into Risk.

    • AvatarDheeraj Vaidya says

      Hi Bhavya, if you feel that way, better to register for June 17 examination. Just that you should prepare well and have enough time left for Mock Tests.
      Best of Luck,
      Dheeraj

  71. AvatarMandar says

    Hi Dheeraj,
    I have been working within the financial services industry for more then 7 years and for the last 5 years working with an MNC bank as a research analyst (secondary research analyst) supporting it’s IB and equity research team basically these are libraries who have access to financial database .However know I feel I am stuck in a Rut and unable to upgrade my skills .I was interested in CCRA how this will hold in terms of industry recognition and for gaining of knowledge as I don’t have the liberty of doing CFA or FRM from time and monetary perspective .I wanted to do course which add strength and seriousness to my Resume and also boost my confidence however it’s a relatively new course and worried about its longevity.
    Please advise.

    Regards,
    Mandar

    • AvatarDheeraj Vaidya says

      Hi Mandar, Given your background i will still recommend that you opt for CFA exam. Reason is that it is globally recognized and lots of value in the long run. It will also help you upgrade your skill and may prove instrumental in finding more satisfying roles in IB and Equity Research. CCRA is new and hence, not sure how this examination will shape up, especially from job perspective.

      Best,
      Dheeraj

  72. Avatarrohan joshi says

    Hello sir,
    I have jsut completed my engineering from one of top institiutes in mumbai and now working as a analyst – derivatives trading in gasoil – heating oil market.. What would be more beneficial for me cfa or frm considering that i aspire to do mba 1-2 yrs down the line! Thank you!

    • AvatarDheeraj Vaidya says

      Hi Rohan, strictly going by your experience and graduation, FRM will suit you more. However, you are young and depending on your interest you can choose between CFA or FRM.

      Good luck,
      Dheeraj

  73. AvatarAditya Joshi says

    Hi Dheeraj,
    I am giving my CA final exams in this November. I have 3 years experience in internal control risks and internal audit from a Big 4. I am thinking of shifting to banking sector. Does it make sense for me to opt for CFA or FRM?

    • AvatarDheeraj Vaidya says

      Hi Aditya, What kind of shift have you planned? Given your CA, CFA should complement your credentials. However, if risk is something that excites you then you can opt for FRM.
      thanks,
      Dheeraj

  74. Avatarpranay says

    SIR
    I am currently doing my CA.iAM interested in doing CFA along with CA.BUT will extra degree pays any extra package or additional benefits?As the roles of CA(accounting),CFA(finance)differ from each will this extra degree pays any extra package or additional benefit?will corporates hire a person double qualified with different roles of each degree and give extra benefit?will ACCA give better image than CFA and FRM along with CA as their roles interrelate?can only CA degree holder b better preffered than double degree holders?plz help me in these regards sir……

    • AvatarDheeraj Vaidya says

      Hi Pranay,

      (CA + CFA) > CA . Its pure maths :-)
      Jokes apart, CA + CFA is an excellent combination and many roles in the Investment Management look for such background. you are obviously at an advantage if you looking for core finance jobs.

      Hope this helps,
      Dheeraj

  75. AvatarVijaykumar Menon says

    Hi Dheeraj,

    Very helpful article – Thanks for that. I work as an IS Auditor at a Big 4 and hold CA CISA CISM certifications. Given my background in Finance, my clients are predominantly from the FS sector and my experience has been on testing business controls from an application standpoint (how they have been designed).

    Down the line, I would like to move to risk management within the banking industry (obviously with a technology perspective) and have been looking at FRM as a good addition. FinTech is taking over, so this seems logical as well. My question though would be –

    1. Does FRM really add on to what I can deliver as a techno functional risk management person?
    2. Would FRM equip me well enough to critically review risk management design within banking applications (Treasury / derivatives / the like)?

    Many thanks in advance Dheeraj –

    Menon

    • AvatarDheeraj Vaidya says

      Hi,

      thanks for your note.

      1. Yes it does. It will make you aware of the essential process of taking care of Risk management. However, as a tech expert you will have to decide on how it fits in your organization.
      2. FRM is an indepth course that provides solid foundation on risk management from all point of view. FRM does not deal with risk management design within banking applications in particular, however, you should get a broad as well as indepth knowledge of how to take it ahead.

      Thanks,
      Dheeraj

  76. AvatarVikas says

    Hi Dheeraj,
    You are doing a great job at support and guiding people with best intent. I admire and wish you well for that. My quest is around the same thing as many others, but think it might be bit unique. I already have 10+ years experience in Tech / BI and Analytics (though Tech inclined) space. I have worked with some Ops and BFSI (mostly Insurance) clients – so have a fair understanding on business space. I would like to take things to next level, and cant make up mind if I (a) get a analytics certification, say like SAS, or (b) get into something general / finance like CFA, or (c) focus on stats and risk , which FRM seems to be a good blend of. I enjoy meddling with data, this quest is to only further my knowledge and career to some degree. Views?
    By the way, not sure it would matter, but still, am based in AUS now.

    Thanks in advance. Take care..

    • AvatarDheeraj Vaidya says

      Hi Vikas,

      thanks for your note. Given your rich experience in Tech and Analytics, I think analytics certifications on Data Science, SAS will make more sense here. Analytics certification will complement what you already know and is sure to help you career wise. CFA, however, is just a broad finance certification that will only help you understand this domain in greater detail. FRM on apt for those who are interested in risk management especially banks.

      thanks,
      Dheeraj

  77. AvatarNoorani says

    Hello Dheeraj,
    I had your review and read your email from wallsteert mojo and today all your review and answer .I have completed MBA finance and working with one of the MNC(3 year experience in Investment bank) but I am not satisfied with job and salary.I want to something so I came across with CFA and FRM .I am little bit confused with both course,money and time also matters can you guide what or which course will be better for me

    • AvatarDheeraj Vaidya says

      Hi,

      Unfortunately, I didn’t get the point on you being not satisfied with the job? If you want to continue your profession in Investment Banking, then CFA makes lot of sense. You should go for CFA.

      I will not recommend a change of profession at this stage to Risk Management (FRM).

      Thanks,
      Dheeraj

  78. AvatarAhmad says

    Hi sir. I have 2 years of experience in a bank as processing assistant auto loan disbursal and its nature is more relevent to credit risk analysis. What is the best choice for me FRM or CFA.

    • AvatarDheeraj Vaidya says

      HI Ahmad,

      You can do either of the two actually. What’s your interest? I guess you are doing Credit Risk analysis from the point of view of load repayment and payment capacity.

      Thanks,
      Dheeraj

  79. AvatarSAGAR JADHAV says

    Hello Sir,

    Myself Sagar, i am currently working in Vijaya Bank as a Manager in Credit Department.I have 5 years experience in this filed. I am MBA Finance 2011 pass out. Please guide me which course i should opt for to strengthen my profile and knowledge.

    Thank you.

    • AvatarDheeraj Vaidya says

      Hi Sagar,

      Given your work experience, i think CFA will suit you more.

      I am assuming that you are not interested in Risk Management?

      Best,
      Dheeraj

  80. AvatarSonia Valechha says

    Hi Dheeraj

    Thanks for the article…IS FRM a Charter degree or just a Certificate.

    • AvatarDheeraj Vaidya says

      Hi Sonia,

      Its a certification. Please refer GARP website.

      Thanks,
      Dheeraj

  81. AvatarAnvi Jain says

    Sir
    I am CA-intermediate pass and a BCOM graduate
    I am lacking interest in CA hence want to build my career to get a great job in future
    What should i do now ? the course that will help me get a great job
    Reply to me as soon as possible
    I am currently waiting for my CA FINAL RESULTS 5TH ATTEMPT

    • AvatarDheeraj Vaidya says

      Hi Anvi,

      A natural extension could be to take CFA examination. This will help you enter the corporate finance and investment management industry.

      Best,
      Dheeraj

  82. AvatarRohan says

    Hi Dheeraj;

    Very informative article.
    I have a master degree in Statistics and working as Data Modeler/Analyst/Data Scientist with 8 years of work experience. Would FRM or CFA help me to advance my career. What Kind of job I would be looking for after it.

    • AvatarDheeraj Vaidya says

      Hi Rohan,

      Why do you want to take either of the two – CFA or FRM? I am not really sure how these finance certification would help you. Just that if you really want to shift your interest from data science to Finance, then maybe these two certificates may make sense.

      Else, you can look at higher certifications with data science – SAS, R etc.

      Best,
      Dheeraj

  83. Avatarvihari says

    Hi deeraj,
    I am giving my ca final and cma final second attempt this november
    I havent done my graduation till now and thinking of doing cfa or mba in another country
    does BCOM from IGNOU is any good option or should i opt for regular degree which take 3 years from now

    could you please help me in deciding this

    • AvatarDheeraj Vaidya says

      Hi Vihari,

      CA is considered equivalent to an MBA. You can directly register and sit for CFA exams.
      B.com or any other degree will not be of much use here.

      thanks,
      Dheeraj

  84. Avatarvicky says

    Hi currently i’m doing ACCA uk program.I’m interested in doing CFA, but really i’m very weak in maths and didn’t continue with it after class 10.So frankly i want to know how hard will it be for a non-mathematics background student in passing CFA all the 3 levels.Thanks in advance.

    • AvatarDheeraj Vaidya says

      Hi Vicky,

      Some parts of maths is ofcourse contained in CFA curriculum. Most of it is related to business maths and has nothing to do with advanced maths that you normally see in Class 11th and 12th. With some efforts and training, you should be able to crack this CFA maths curriculum.

      On the other side, you should be happy that the course contains lot of accounting, which you will find it much easier to do..

      Life is such :-) For an engineer like me.. accounting is normally for most difficult!
      For a non-maths students – quantitative analysis is a bit challenging.

      This should not discourage anyone from taking the exam.

      Best of luck!
      Dheeraj

  85. AvatarKalpesh Jain says

    Hi Dheeraj,
    I have My CA Final EXams In November 2016, and i also want to appear for CFA Level 1 Exams In December…Is it Possible That I Can Cover Both The Syllabus Within That Time..also can i get through in a investment bank on the basis of CA + CFA Degree..

    • AvatarDheeraj Vaidya says

      Hey Kalpesh,

      It is possible, just that you need to spend more time on both the exams.

      CFA + CA is an ultimate combination for Research and IB roles :-)

      Good luck,
      Dheeraj

  86. Avatarsuketh shetty says

    I am pursuing Bcom plus CFP(certified financial planner)..
    Will FRM make my Career in a right direction!
    CFP plus FRM..how is this combo!?

    • AvatarDheeraj Vaidya says

      Hi Suketh,

      Why do you want to do FRM. Enroll for FRM only if you are interested in risk management field.

      Thanks,
      Dheeraj

  87. AvatarM.Prasad says

    Sir, I have completed my engineering degree in automobile and currently working as a Asst Manager in a private bank for past two years and I’m interested to do some specialization exams in finance like FRM or CFA , kindly guide which one I can opt as I’m a person with non finance educational background , ur guidance may help me to develop my future career , actually I’m wondering how it was possible to you to complete both FRM and CFA..

    • AvatarDheeraj Vaidya says

      Hello Prasad,

      Thanks for your note. FRM is highly focused towards Risk Management, however, CFA cover Corporate Finance, Portfolio management, accounting, derivatives, fixed income and more. If you are totally neutral in your choice, then CFA may provide you with more opportunities given its broad finance coverage.

      thanks,
      Dheeraj

  88. Avataryogesh says

    hello dheeraj..seriously i m very confused about my career….i have many questions so i cant write them all…can i have your number please….if you give your number it means alot for me,,,u can save me please,,,,its a request.

    • AvatarDheeraj Vaidya says

      Hey Yogesh, please do not worry. Drop me an email on dheeraj[at]wallstreetmojo.com

      thanks,
      Dheeraj

  89. Avatarmohd hanif khan says

    hi sir, I have just completed my B.Com(computers) in april 2016, and doing a job in Broadridge financial solutions as process analyst. I am planning to do my MBA as well I want to do a certified course as I am interested to go to US and settle there. I have gone through CFA and FRM but i am confused in both. I want you to just guide me or give a pro tip so that I can take out time and pursue that particular course which also has a good income initially & has a great boom in US or any other English countries.

    • AvatarDheeraj Vaidya says

      Hi,

      As finance is such a vast field, it is important to narrow down your interest areas.
      If you are interested broadly in Investment Management, IB, Portfolio Management etc, then opt for CFA.
      If you are keen on Risk Management and Banking, then FRM is better.
      Both FRM and CFA has global appeal.
      Either of the two should help.

      All the very best,
      Dheeraj

  90. AvatarTapan Singhal says

    Hi Dheeraj,

    I would like to make career as a credit manager in foreign banks then which course would be more beneficial between CFA and FRM. Presently i have given my CA final 1st Group in May 2016 and would be appearing for 2nd group in November 2016, and would like to give 1st group of either of the courses mentioned above in may or june 2017, then whether the time left with me after november 2016 is sufficient for preparation?

    • AvatarDheeraj Vaidya says

      Hi Tapan,

      Given that you are appearing for CA, my take is that CFA will suit your profile much more. this is because in research industry, CA + CFA combination can get you anywhere – IB, Credit, Equity Research among others.

      Btw, you have enough time until November to prepare for either of the exams.

      Best of Luck for your upcoming exams.
      Dheeraj

  91. Avatardeepak nahata says

    Hi Dheeraj,

    I am working as a associate risk analyst in Indian company which is working with us mortgage bank. My core areas of working is underwriting I.e specially credit side.

    Please advice my experience in this area will count towards Frm to qualify for the 2 year experience rule.

    • AvatarDheeraj Vaidya says

      Hi Deepak,

      My initial guess is that your work experience should count. However, the best way is to check with GARP on this. You can visit this page for the same. Contact us

      Thanks,
      Dheeraj

  92. AvatarErica says

    Hello Dheeraj,

    First of all thanks for the comparsion. I’ve been wondering what certification to take, and i would be delighted to know what are your thoughts on PRM.

    Thanks,

    Erica

    • AvatarDheeraj Vaidya says

      Hey Erica,

      I prepared a detailed note on PRM. Do have a look at this PRM guide.

      thanks,
      Dheeraj

  93. AvatarAmirapu Uday says

    Hi Dheeraj,

    I’m looking at a career in wealth management and joining the banking sector. Can you please advise which of the two certifications is more valid? I understand both of them are internationally recognised and FRM is more related to risks.. secondly is this mandatory for a career in Wealth/asset management?

    Pls advise.

    Regards
    Uday

    • AvatarDheeraj Vaidya says

      Hi Amirapu,

      If you are looking for a career in Wealth management and join banking sector, i am not sure if either CFA or FRM will be useful in this context. Both of these do not cover wealth management in detail. Also, CFP will be more useful from the point of view of wealth management. You may also look at CWM – Chartered Wealth Manager.

      Thanks,
      Dheeraj

  94. AvatarYash says

    Hi sir I am yash from mumbai and I have just completed my tenth I am planning to take commerce field and then want to Peruse a career in finance but I am confused wether to do ca or cfa as a professional course . And aslo what is the scope for a cfa charterholder in the Usa or other countries.I also have an interest in investment banking. Which pro degree would guarantee me a well paid job . Please help and guide me on the same.

    • AvatarDheeraj Vaidya says

      Hi Yash,

      I admire you! given that you have just completed High School and you have already started thinking of career goals. CFA exam is relatively easier than CA. If you have interest in commerce and accounting, then you can opt for CA. Later you can also appear for CFA exam.
      CA + CFA combination will be excellent on your resume.

      Do let me know if you have any more questions.

      Good luck,
      Dheeraj

  95. AvatarSaran says

    Dear Sir,

    I had completed my PGDM in dual specialization Marketing Major and Minor Finance.Currently my working with ICICI Securities since last 2 years.Now I am interested in CFP.
    I Want to job in Investment Banking but I little bit confuse that CFP will help me to get job in Investment banking in International Bank I know its not compulsory after completed CFP I get a job in investment banking in International Bank.So will I go for CFP or Not??
    Sir kindly guide me what to do for better carreer.

    • AvatarDheeraj Vaidya says

      Hello Saran,

      CFP is suitable for Portofolio and Wealth management kind of roles. This certification will not help you much on the Investment Banking front.
      For IB and Investment Management, why don’t you consider CFA instead?

      Best,
      Dheeraj

  96. AvatarSrishti Gupta says

    Hello Sir,
    I am currently in my second year of college doing B.com( Accounts and Finance ).
    i wish to pursue CFA of MBA in Finance after graduation.
    Please help me decide what should i go for in the first place and what other relevant courses and certifications that i can do with B.com which may help further while pursuing CFA?

    • AvatarDheeraj Vaidya says

      Hi Srishti,

      CFA is more specialized from Finance point of view. MBA on the other hand will provide you with broad overview of Finance, Marketing, HR, Communications etc. You can have a look at this post for further details CFA or MBA.

      You can also pursue technical skills like Excel, Financial Modeling etc to master the Investment Banking concepts while pursuing CFA.

      Best,
      Dheeraj

  97. AvatarShubham Jain says

    Hello sir,
    I am Shubham n currently going through internship of CA and completed graduation also. I have a quesion whther to opt for CFA or MBA or CFP..??

    • AvatarDheeraj Vaidya says

      Hi Shubham,

      given your profile, i think CFA will suit you best. CA+CFA is an excellent profile!

      thanks,
      Dheeraj

  98. AvatarDolraj Poudel, ACA says

    Dear Dheeraj,

    I am chartered accountant and have four years of professional work experience. I am very much interested to do CFA but I not have bachelor degree , Am I eligible to do cfa?

    • AvatarDheeraj Vaidya says

      Hey Dolraj,

      My best is that you are eligible. Chartered Accountant is normally considered equivalent to MBA. However, it is best that you check this with CFA Institute. Here is the contact link.

      Thanks.

  99. AvatarVasilis_Ch says

    Hi Deeraj,

    I work as a Risk Analyst for an Insurance Company. Which Qualification should you recommend to enroll?

    Thanks in advance!

    • AvatarDheeraj Vaidya says

      In this case, FRM will suit you more between the two.

      Best,
      Dheeraj

  100. AvatarYash says

    Hi Dheeraj sir,

    This is Yash working with private bank in operations, MBA finance with 1.5 year operations and 1.5 year of marketing experience.But i like to play with money that is what investment side.So I request you to please guide me for FRM. And tell me is it anyway possible where i can switch internally with this certification.

    • AvatarDheeraj Vaidya says

      Hello Yash,

      Both FRM and CFA are internationally recognized. However, just obtaining these certifications do not necessarily guarantee a job internationally. If you want to be on the Investment Management side, then CFA is the right certification to look at.

      Best of Luck!
      Dheeraj

  101. AvatarSmriti says

    Hello
    I have completed my MBA finance and I have currently joined a KPO as a Sr Associate (only a month).. But I aim to work outside India.
    Do you think pursuing CFA will help me in getting a job outisde India ? what are the probable chances.

    If not CFA, what other course can be beneficial for me ?

    • AvatarDheeraj Vaidya says

      Hi Smriti,

      CFA is gold standard in finance certifications and is very well known globally. Taking CFA increases your chances of getting recognized and may increases your chances of getting considered for outside roles.

      Good Luck,
      Dheeraj

  102. AvatarMohit Bothra says

    Hi Dhiraj,

    Thank you for sharing this information. I am a CA with post qualification experince of 8 months working as a Consultant in Business Risk Advisory (Internal Audits). I want to opt for a career in Finance field. But I am not completely sure as to what particular course I should choose.
    Also wanted to know whether I should continue in Risk Advisory if I opt for CFA. What types of Jobs will I be able to get if opt for CFA?

    • AvatarDheeraj Vaidya says

      Hey Mohit,

      After CFA, lot of options may get open like Investment Management, IB, Equity Research, Portfolio Management etc.
      fyi, CFA + CA = ultimate combination in Finance.

      Good Luck,
      Dheeraj

  103. AvatarSimar says

    Thanks for the article Dheeraj. I’m currently in a back office operations role in an investment bank dealing with derivatives (doing reconciliation process for margin portfolios). I have a very limited amount of product knowledge and want to succeed from this role eventually. What would be more beneficial to someone who has such limitations? I’m leaning towards FRM, but afraid my quant/math is subpar.

    • AvatarDheeraj Vaidya says

      Hi Simar,

      FRM is a bit quantitative examination. Why don’t you get some FRM notes first and see if it makes sense for you to take it ahead.

      I am sure with practice, you should be able to master Quant sections of FRM examination.

      Best,
      Dheeraj

  104. AvatarDeb says

    Hi Dhiraj

    I am an MBA in Finance and am currently working as an IT consultant in an IT MNC. I am wondering if CFA / FRM will help me in transitioning to higher IT focused roles in Banks and /or other core company IT functions.

    • AvatarDheeraj Vaidya says

      Hello Deb,

      CFA/FRM may be useful from understanding finance domain point of view. This should help you with your IT job focused towards banks.

      thanks,
      Dheeraj

  105. AvatarPrashant Kumar says

    Hello Sir,

    i am an engineer and this year i got admission in IIM indore.
    I want to make career in Finance and thats why looking for some certification.
    can you please guide me how can i prepare for CFA as i dont have any Fin background.
    Please guide what i can start with?

    • AvatarDheeraj Vaidya says

      Hey Prashant,

      Congratulations on your admission to IIM Indore :-)
      CFA is a great choice for making a career in Finance. Starting point could be to enroll for CFA level 1 examination and get their books. You may also take access to my video training on CFA Level 1 for further clarity.

      thanks,
      Dheeraj

  106. AvatarAntriksh says

    Hi Dheeraj,

    I am BE-Computers and PGDM- Finance graduate. I want to know more about FRM. Could you please guide me through it.

  107. AvatarSwaraj says

    Hi Deeraj,

    Thanks for the quick and clear comparison, it’s very helpful. I am B.E + MBA Finance with 5.5 yrs experience in US mortgage operations and now wants to switch my career in core finance. Being from engineering background I am not very good in accounting hence I think I should go for FRM. But is it the best choice for me at this stage of my career or I should go for some other relevant certification. Please guide.

    • AvatarDheeraj Vaidya says

      Hi Swaraj,

      Do you have an inclination towards Risk Management within Finance? if yes, then FRM surely makes sense. Howeever, if you don’t have any specific interest in Finance, then CFA is a better choice.

      Engineer and being weak in Accounting is universal truth. Even i am an engineer, but still you can pass with extra efforts in these sections.

      Good luck,
      Dheeraj

  108. AvatarJames says

    Hello,

    I am CA with 4 yrs post qulification exprience in Finance deparment of Bank as a Finance Manager.I am interested to migrate Canada.I want to continue my carer in banking .CFA OR FRM which will be better for me.

    • AvatarDheeraj Vaidya says

      Hello,

      Given your profile as a CA with banking experience, i think CFA will help you. Even though CFA is globally recognized, I am really not sure if you can only rely on CFA charter for migration to Canada.

      Thanks,
      dheeraj

  109. AvatarLavanya Mehta says

    Hi there , I have just completed my schooling and planning to go for BBA and later do MBA in finance and accounting . I was wanting to go into the field of finance , so please guide me on to select appropriate path . I’m also willing to do some courses along with BBA .
    Regards ,
    Lavanya

    • AvatarDheeraj Vaidya says

      Hi Lavanya,
      Finance is a massive field. Within finance, there are areas related to Portofolio Management, accounting, corporate finance, Investment Banking, Risk Management and more. If you are considering some courses along with BBA, then you need to first choose where you are inclined most. If you have no specific choice, i think CFA exam is what you should consider first.
      Thanks,
      Dheeraj

  110. AvatarLavanya Menon says

    Hi Dheeraj,
    I am interested in investment baking but has no prior experience and have sales background. I have done MBA in HR & Marketing.Do you think doing CFA help me to get good pay.

    Please advise.

    Regards,
    Lavanya Menon

    • AvatarDheeraj Vaidya says

      Hi Lavanya,

      CFA certification can help. However, please note that CFA certification will not guarantee a job in Investment Banking as it is very competitive industry. You need to build your resume in many ways, including skills like Financial modeling, valuations, report writing etc. This way your resume may get considered for IB job profiles.

      Thanks,
      Dheeraj

      • AvatarSwati Bharani says

        Hi in one of the comments, you talked about building your resume as CFA certification alone won’t help.
        You talked about Financial Modelling, Valuations, Report Writing skills. Are these specific skills only acquired on-the-job or can a newbie like me can learn it somewhere?

          • AvatarSwati says

            Thanks Dheeraj!

      • AvatarLavanya Menon says

        Thanks Dheeraj your guidance will help me to take decision.

        • AvatarDheeraj Vaidya says

          My Pleasure Lavanya!

  111. AvatarVarun Vinayak says

    Hi Sir,
    Thank you so much for sparing time to provide such useful information. I have done my MBA (Finance major) from a Tier II institute and worked as a RM in Wealth management (sales profile) in a big Pvt Bank for 3 years and got an out of turn promotion to a Branch Head – Wealth management role. I have spent a little more than 2 years in this role and
    1.) I feel the work is monotonous now and there is no learning.
    2.) I want to add value to myself and change my line of work to BFSI consulting

    Are there any specific courses that will help me in this? From whatever little knowledge I have been able to gather over the past few weeks, I feel that CFA may be helpful. In case you think so too, then what are the books (shweser etc..) I should rely on.

    Regards
    Varun

    • AvatarDheeraj Vaidya says

      Hello Varun,

      Thanks for your note. If you are in wealth management, why not do a course that complements your current work like for eg. CFP. You can surely look forward to CFA exam as it will provide you with deeper insights in Finance field. However, CFA may not be directly related to your current.

      thanks,
      Dheeraj

  112. AvatarShriram says

    Sir,
    I am 45 years old, working in Life Insurance as Training Manager, I am appearing for CFA Level 1 in next week. Would my age will be a hurdle in getting job post CFA? I like this subject but at the end of day this should also make economic sense.

    • AvatarDheeraj Vaidya says

      Hi Shriram,

      sorry for the delayed reply. It’s more about knowledge than the Age factor you mentioned. Don’t worry, just concentrate at the exam at hand.
      All the very best for the CFA examination.

      Best,
      Dheeraj

  113. AvatarLululykes says

    Please, I need your help. I am currently a budget officer at an organization that insures and regulates banks. I also have an MSc International Management and a student of ACCA. However, I have been failing the second stage ACCA exams and it has been so for 3 years now. I really don’t know why.

    I want to drop the ACCA and focus on FRM and IFRS instead. Please advise further, I really need your input. I just want to continually add value to myself and be relevant.

    • AvatarDheeraj Vaidya says

      Hi,

      What’s your long term view. Given your work experience that needs you to access risk, insure and regulate banks, i think FRM could be of great value to your profile.

      thanks,
      Dheeraj

      • AvatarLululykes says

        My long term view is to become a Financial consultant and leave the budget aspect of accounting and focus on Finance as a specialty field.

        • AvatarDheeraj Vaidya says

          Thanks. In that case, FRM will help you deepen your knowledge in Risk Management which may eventually help you move out of the current budgeting and accounting role.
          thanks,
          Dheeraj

  114. AvatarKeshav says

    Hello, I’m really keen on taking up frm but my quant skills are not that good and I’m planning on improving there before register for the course. I am determined to put in the hours required, although my concern is if I can grasp the concepts. I’m not very good at math. Will self study be sufficient or should I take up classes for it? It’ll be really helpful if you can sort out these concerns of mine. Thank you.

    • AvatarDheeraj Vaidya says

      Hi Keshav,

      FRM does require you to be good at Quant skills. It’s a great idea to work on quant skills. I have noticed that Self study is normally sufficient for such certifications. Why don’t you start working on this goal from from today! there is nothing that you can’t graph. With practice and time, you will get better.

      Best of luck,
      Dheeraj

  115. AvatarShraddha K says

    Hi,
    My Quants knowledge is very poor. Would FRM be advised?

    • AvatarDheeraj Vaidya says

      Quant should not be something that decides whether you should take FRM or not. If you are keen on areas like Risk Management, then you should pick FRM.

      p.s. – You can master quant with practice. Just be sure to spend more time on this section. You should pass!

  116. AvatarAhemma says

    Iam an MBA holder in finance which level will I write when I register for CFa exams

    • AvatarDheeraj Vaidya says

      Hi,

      there are three levels in CFA. All have to start from CFA level 1.

      Thanks,
      Dheeraj

  117. AvatarSumiy Dubey says

    Hii Dheeraj,
    I have just started my career in Aditya Birla Money Mart after completion of my graduation B.com(p)
    And i am looking forward for FRM
    But since i am not from the Maths background so, i just want to know:-
    1) will Maths become my hurdle??? and what level of maths is involved in the same
    2) who are the employers of FRMz??
    3) what are the growth opportunities
    4) what are the Average packages??

    • AvatarDheeraj Vaidya says

      HI Sumiy, Maths will not become a hindrance. You just need to put in more efforts :-) For your other questions, you can see this detailed guide on FRM.

  118. AvatarSAI MUKEHSH says

    Hi sir,

    Appreciate your work.

    Education:

    B.Tech (computer science)
    PG diploma in banking and Finance (Exposure mostly into banking)
    MBA in Banking and finance (for only credentials to get the hike-no satisfactory learning).

    Work:

    4-5 yrs of experience (2.5 yrs in retail banking into sales/MF/INS and 2 yrs into home loan operations and some what into credit dealing with salaried profiles not self employed as am not such familiar with balance sheets).Pls dnt conclude ur answer thinking me as a banker.Bare with me for next lines.

    Target :

    Want to well establish myself in finance industry unlike an outsider (Engineer)with strong skills in whichever department i am (Bank/others)into.Finally i want to complete both CFA/FRM.

    Query:

    Pls dnt ask my specific interest.Because now am just looking for a best possible growth in finance in 1-2 yrs taking advantage of my banking experience and to compete with MBAs from reputed institutions and CAs joining the organization.Less time and less exposure in accounts can be the best reasons for me to opt for FRM or not ? I am not clear.Pls help.

    • AvatarDheeraj Vaidya says

      Hey Sai,

      Thanks for your detailed note. Even if you opt for FRM, Risk Management is a niche area. Definitely FRM takes less time to complete as compared to CFA. As you already mentioned, you wanted to do both CFA and FRM… Why not start both in that case?

      Less exposure to accounts is no excuse for not taking CFA. CFA is more broad in nature and provides wider career choices upon completion and hence, recommended.
      Just that you have to put more efforts in accounting (just like me!) so as to clear CFA.

      Thanks,
      Dheeraj

  119. AvatarAnuj jain says

    I am currently working in a consulting firm and what to make a career in financial advisory. Which out of two would make more sense to do (CFA or FRM)?

    • AvatarDheeraj Vaidya says

      Hi Anuj,

      For financial adivsory, CFA will make more sense as it covers corporate finance, accounting, valuations and other such useful topics.

      Thanks,
      Dheeraj

  120. AvatarAmulya says

    Hi Dheeraj

    Thank you so much for such an informational blog. I feel lucky to have landed at this page.
    I hold a PGDM in Finance and currently working as US Tax Consultant in Hyderabad for a year now.
    I intend to take FRM over CFA as all the topics of CFA are already covered in my PGDM and I feel FRM provides me specialization in the area of Finance.
    Am I thinking right ? Please let me know if FRM would boost my resume and help me find better job opportunities. Or am I losing on the broader scope and opportunities that CFA would offer ?

    • AvatarDheeraj Vaidya says

      Hi Amulya,

      I would rather put it this way. If you have interest in Risk Management and Credit, then opt for FRM. FRM has global acceptance and you will not lose anything here.

      Good Luck,
      Dheeraj

  121. AvatarRavi Teja says

    Sir,

    Please tell me the details about coaching classes for FRM in India.

    • AvatarDheeraj Vaidya says

      Hi Ravi,

      I am not sure which ones provide quality coaching for FRM. Best is to search “FRM coaching in india” on google and you will find many.

      Thanks,
      Dheeraj

  122. AvatarMack says

    Hi sir,
    I have completed my MBA in finance. I am good at quantitative skills. I am currently working in sales department and i am not good at front office jobs. I want to change my field of work. My english is also weak. Should i go for FRM or CFA?

    • AvatarDheeraj Vaidya says

      Hey Mack,

      CFA or FRM can be a nice addition to your resume. What do you want to move into exactly? If you are interested in Finance and sales/advisory, then CFP can be a better choice.

      thanks,
      Dheeraj

  123. Avatarrajesh says

    Dheeraj God bless you for what you are doing ..
    I am a relationship manager in a private bank and have around 10 years of exp in the same field .
    you know how it works as an RM ,sometimes tried of pushing Insurance and Mf to all clients
    was considering for a career change and was planning to Take FRM
    can you please advise what sort of jobs we are looking at and also is it advisable to do FRM for a person like me who have these many years exp in Bnking as an RM

    • AvatarDheeraj Vaidya says

      Hey Rajesh, FRM will help you with two things – 1) knowledge of risk management 2) global certification. Given your experience, you may have some difficulty in explaining future employers on why you want to shift as a risk analyst. However, you can look for Risk Management jobs within a bank as you already have an excellent understanding of banking sector.

      Best,
      Dheeraj

  124. Avatararjun says

    Dear sir

    I am acting as an assisant manager in Federal Bank with 1 year experience.Now i do not want to do general banking any more so i have decided to expand my education now i have two choice CFA & FRM but i am confused that which one is more beneficial for my career.And my past education is MBA(Financial Markets).
    Pls sir guide me in this regard

    • AvatarDheeraj Vaidya says

      Hi Arjun, Both CFA and FRM are globally recognized. CFA is broad based and opens up lot of career options and hence is the first choice for those which no specific finance interests. FRM, however, is specific to risk management.
      thanks,
      Dheeraj

  125. AvatarVartika says

    Dear Dhiraj,

    I have completed PGDM in Banking and Finance, currently working with a Shipping Company as an Executive – Insurance. Preparing to appear for FRM this November. Would you advise going ahead or do you think CFA would be the right thing to do?

    Thanks and Best regards,

    vartika

    • AvatarDheeraj Vaidya says

      Hi Vartika,

      Choosing between CFA or FRM is not a question of which certification is the better? I think it is important to evaluate which one is better for you depending on your interests! I guess you are inclined more towards Risk and FRM given you are already working towards it.

      Best of luck!
      Dheeraj

    • Avatarashok says

      Hi Dheeraj,

      This is ashok,I cleared my CA Inter and working as Manager Accounts in a limited company.Only my wish is to go to US on a job.For that i am searching for FRM.I need your advice in choosing the perfect financial certification course that helps me to go and settle in US with good finance job.

      I dont have even graduation.My goal is to get the finance job in US with good package in next two year.

      Please advice.

      Thankks in advance.

      • AvatarDheeraj Vaidya says

        Hi Ashok,

        Unfortunately, none of the exams CFA or FRM can guarantee you a good package and a job in US. Though both these exams are globally recognized, however, a job and location depends on lot of other aspects beyond these certifications – How is your resume, experience, tangible skills etc.

        Best,
        Dheeraj

    • AvatarPawan says

      I m pursuing CA & I Want to pursue a short term course side by side. Can u give me details of such courses available.?

      • AvatarDheeraj Vaidya says

        Hi Pawan,

        There are many certification courses available. It depends on what is your interest. Do let me know so that I can guide you accordingly.

        thanks,
        Dheeraj

  126. AvatarRamiz Abasov says

    Hi,

    Could you please tell me what are the requirements for taking FRM exam?

    • AvatarDheeraj Vaidya says

      Hi Ramiz,

      I have prepared a detailed note on FRM exam, do check this note.

      thanks,
      Dheeraj

      • AvatarRamiz Abasov says

        Thanks dear Dheeraj!

        • AvatarDheeraj Vaidya says

          Thanks Ramiz!

  127. AvatarAbhinav says

    Hi,

    I am working in a life insurance company in corporate sales for last 10 years. My basic work profile is acquiring companies pension and gratuity funds so that the same can be managed by mine.

    I am stuck into this profile for long and want a change. CFA is not possible for me because of long time required to complete.

    Will FRM assist me in moving out of my current profile?

    Thanks & Regards

    • AvatarDheeraj Vaidya says

      Hi Abhinav,

      If Risk management interests you, then only take FRM. Given your experience, you can also consider CFP?

  128. AvatarGerard says

    Dear Dheeraj,

    Thanks for your excellent article.

    I currently work as an economist at a regional bank in the Middle East where I write macroeconomic reports, sector reports and fixed income morning notes. I also work on economic forecasting models, and prepare presentations for the bank’s asset-liability committee.

    I would appreciate it if you could help me answer 2 questions.

    1) I plan to move into management consulting (financial services) after my current job. Would an MBA or a Master in Finance serve me better in landing a job in management consulting in your opinion?

    2) Alongside my planned MBA or MSc in Finance, do you think pursuing an FRM or CFA (or neither) would be more interesting for management consulting firms?

    Thanks and kind regards,
    Gerard

    • AvatarDheeraj Vaidya says

      Hi Gerard,

      Apologies for this delayed reply. To answer your questions –
      1. A definite Yes. MBA graduates are preferred for Management consulting roles, so it makes sense.
      2. Along side MBA, you can go for CFA as it will provide more weight to your resume.

      thanks,
      Dheeraj

  129. Avatarsaj says

    I am a Relationship Manager with a private sector bank dealing with Retail Liablities and wish to make a career in Forex and Treasury.
    pls advice us the suiatble certification

    • AvatarDheeraj Vaidya says

      Hi Saj,

      For a career in Forex and Treasury, FRM will be suitable.

      Thanks,
      Dheeraj

  130. AvatarVinesh says

    Hello Sir,

    I am a BCOM graduate with 8 years of experience in investment banking middle office operations , currently working as an assistant manager with a global investment bank. I wish to pursue FRM as I am interested in Risk management. Will FRM help me to switch to Risk management in Indian banking industry or an Audit firm like Deloitte or KPMG considering my previous experience.? Many thanks!!

    • AvatarDheeraj Vaidya says

      Hi Vinesh, Considering your experience, it may not be easy, but definitely possible! Since FRM is a global certification and is respected int he Industry.

      Thanks,
      Dheeraj

  131. AvatarGanesh says

    Sir, I am planning to join one of the newer IIMs this year, i am a civil engineer with 4 yrs exp, I wish to make a transition into the finance domain, which among CFA level 1 or FRM would give me an edge during placements.

    • AvatarDheeraj Vaidya says

      Hi Ganesh, if you have no specific choice, then my bet would be on CFA level 1.
      Thanks,
      Dheeraj

  132. Avatararjun says

    Dear sir

    I am acting as an assisant manager in Federal Bank with 1 year experience.Now i do not want to do general banking any more so i have decided to expand my education now i have two choice CFA & FRM but i am confused that which one is more beneficial for my career.And my past education is MBA(Financial Markets).
    Pls sir guide me in this regard.

    • AvatarDheeraj Vaidya says

      Hi Arjun, if you have no specific interest in Finance, then CFA is more beneficial for financial career in general.
      Thanks,
      Dheeraj

  133. AvatarMahesh Kumar says

    Hello Sir,

    Iam a Chartered Accountant. Iam very much interested to pursue CFA. Since i cant handle both CA and CFA i made up myself to pursue CFA after CA. I wish to know the opportunities i get after pursuing CFA along with CA as both are completely different fields. Is my decision to pursue CFA at this point in time good?

    • Dheeraj VaidyaDheeraj Vaidya says

      Yes, CFA + CA is an excellent combination. You must pursue CFA as soon as possible.

  134. Avatared says

    I am graduating in a few months Undergrad in US. I have had three internships regarding the financial industry, last in a Top known Bank as a Middle Market Analyst, I have few prospects for after grad for Credit Risk & a Model Risk full time. Which test will best suit me?

    Thank you

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ed, given your background, FRM suits the most!

  135. AvatarVidur Sharma says

    Hi dheeraj

    First, you are a very inspiring person.

    Second , I want to know something which is making me wonder so much.

    I have done b.com hons.
    I have completed training on financial modelling and valuation ( DCF and relative) and mergers and acquisitions.
    I want to become investment banker and I’ll be doing distance MBA and job with it.

    But but but,

    I don’t have much time, FRM will be quite sooner to get , and isn’t it possible to be investment banker by doing FRM?

    Also, what do u think the salary differentiation will be.?

    • Dheeraj VaidyaDheeraj Vaidya says

      Thanks Vidur. FRM will not be of any help for an Investment Banking job. given that you have done Financial modelling & valuations, you are already aware of IB concepts. However, consider taking CFA level 1 at least. This one may help you get relevant shortlist for the interviews.

  136. AvatarNeelanja says

    Hi Dheeraj,

    I am working as Test Analyst in IT sector , Investment banking domains with good domain knowledge of Capital Markets, Derivatives. I would want to enhance my career options by entering into Investment banking, being my interest. I am a B Tech graduate in Electronics and Comm.
    Could you please guide me as to what should i opt- CFA / FRM?

    • AvatarNeelanja says

      Its been 4.8 years that I have spent working in this domain.
      Please guide.

      • AvatarDheeraj Vaidya says

        Hi Neelanja, CFA will make sense for you given your experience in Investment Banking domain.
        good luck!
        Dheeraj

        p.s. apologies for the late reply. somehow I missed it earlier.

  137. AvatarLenin says

    Hi Dheeraj,

    Thanks for the details provided. I am planning to take certification on Risk management especially on Credit Risk. I am having experience on Account receivables and Credit card & products. Is it good to go with FRM exams? How about the job opportunities? Kindly share your thoughts. Thanks in advance

    Regards,
    Lenin

    • Dheeraj VaidyaDheeraj Vaidya says

      Yes Lenin, you may opt for FRM exam. For job opportunities and salary details, please refer to this article FRM Salary

  138. AvatarRaza says

    Hey
    i am Raza and m the student of MBA Finance and i have no work experience in finance .. after MBA i thinking to enroll myself in CFA program..But the problem is that my English is 50 50 .so you can help me to advising me that i enroll in CFA program or not. my English is creating hurdle in that program or not
    Thank you

    • AvatarDheeraj Vaidya says

      Hi Raza,

      I don’t think that will be a big problem, given that only in CFA Level 3 you are expected to write in the morning exam. Additionally, these written answers are to very specific to the questions. So don’t worry, if you have thought of taking this exam, go for it.

      all the very best!
      Dheeraj

      • AvatarRaza says

        Thanks for advising me . Your advise boost me to selecting my path.

        • AvatarDheeraj Vaidya says

          You are welcome Raza! All the best.

  139. AvatarSwati says

    Hi sir
    Fortunate to land on your blog page. Very comprehensive analysis of one of the major query. I am 2008 CS engineering graduate and joined State Bank as Probationary Officer in 2009. While working I completed correspondence MBA Finance from Symbiosis School of Distance Learning. I have 7 years experience in credit department both SME and retail. What should be my course of action to strike a good career path in multinational banks or financial institution.
    Regards Swati

    • AvatarDheeraj Vaidya says

      Hello Swati,

      It depends on your interest. However, given your experience in Banking with the credit department, i feel that FRM may suit you more.

      Best,
      Dheeraj

    • AvatarBharath Raj says

      Dear Dheeraj,
      I have worked for ICICI securities in retail sales.It was all related to stock market, insurance etc., I have been doing financial planning(though i have not completed CFP) for my clients to understand their requirement better and create portfolio for them. However I have completed my MBA through a program from ICICI bank and they have posted me in risk management and I have a few more days to join(I have signed a contract for 3ys). I am an extremely slow learner but I get to complete things faster when I understand completely. Now I have been thinking
      1. Should I do CFA?
      2. Should I do FRM?
      3. Should I do both?
      4. None of the above

      I am very confused plus both the courses are expensive. I could dedicate not more than 2 hrs everyday. Also if possible kindly tell me what is an average package after completing these course/s for someone who is already in middle management(min 7-10 yr exp) and what will be the next phase of career.

      • AvatarDheeraj Vaidya says

        Hi Bharath,

        I am sorry, i could not reply to your messages earlier. Please note that i have not deleted your message. They were stuck in the moderation and were flagged as spam.

        Given that you are already pursuing CFP and have an excellent work experience in portfolio management, just wanted to ask you why you want to pursue CFA or FRM. If you have signed the contract for working in Risk Management, then FRM will make more sense.

        If salary is the only thing that you are looking at after CFA or FRM, neither of them actually promise any high paying jobs. It depends on lot many other variables like related experience, educational qualifications etc.

        If you have further queries, please do message me at dheeraj@wallstreetmojo.com

        thanks,
        Dheeraj

  140. AvatarAlqama Pervez says

    Sir, I am recruited as a manager in the Reserve Bank of India. Please advise me whether I should go for FRM or CFA or an MBA (finance) to enhance my growth prospects within the central bank? My current qualification is BTech in Computer Science & Engineering.
    Thanks in advance.

    • AvatarDheeraj Vaidya says

      Hi Alqama,

      Taking CFA exam with your experience may not make much sense. You can rather opt for FRM as the curriculum does talk about Risk management, credit etc which will prove beneficial.

      Best,
      Dheeraj

  141. AvatarSwati Doshi says

    Hi Dheeraj,

    The courses that are mention under CFA and FRM is totally new for me and have no idea which one is better for me. I am bit confused about which course do I need to choose, CFA or FRM?
    I did my MBA Finance and had an experience of 5 yrs in the field of KPO industries as a Sr. Associate.

    Thanks,
    Swati

    • AvatarDheeraj Vaidya says

      Hi Swati,

      What is your job at the KPO – finance related? Choosing CFA or FRM depends on your work ex and interests.

      Thanks,
      Dheeraj

  142. AvatarAKSHAY says

    Hi Dheeraj,

    I have four years of experience in accounting (3 years in Accounts Receivables and 1 year in Bank Reconciliation). I also have PGDM Finance degree. Which course should be beneficial- FRM or CFA??

    • AvatarDheeraj Vaidya says

      Hi Akshay,

      Not sure if either the FRM or CFA will make sense for you. Maybe a certification in accounting may prove beneficial like ACCA or CPA?

      Thanks,
      Dheeraj

  143. AvatarIbrahim Idris says

    And Sir, Let me add that I have an MBA as well and am a Nigerian working in a top Nigerian bank. Zenith Bank Plc. Kindly advise.

    • AvatarDheeraj Vaidya says

      Hi Ibrahim,

      I am not sure if FRM will fully justify the kind of audit role that you are looking at. It will surely provide you with lot of indepth knowledge on Risk management and how to mitigate those in a Bank.

      Best,
      Dheeraj

  144. AvatarIbrahim Idris says

    Dear Sir,
    Thanks a great deal for this highly informative article.
    I currently work in a bank (retail and corporate banking department) and I have ACCA. I want to switch to the Internal Control and Audit department and explore future career path in audit.Is it advisable for me to take FRM?

  145. AvatarBhisham Golani says

    Hi,
    I have done MBA(Finance), and cleared all three levels of CFA. I have four years of experience.I am currently working at a credit rating agency. I am thinking to go for FRM , will it beneficial from career point of view.

    • AvatarDheeraj Vaidya says

      Hi Bhisham,

      yes, FRM will be beneficial for you given you are in the Credit industry.

      Best,
      Dheeraj

  146. Avatarshrinivas says

    Hello sir,
    I’m a Bcom graduate I’ve been selected as FUND ACCOUNTANT in one of the well known financial institution. My question to you is whether I should pursue CFA or FRM. But a pint to be highlighted I’m a very weak student in algebra that’s why I DID NOT opt maths in my junior college. But I’ve excellent skills in accountancy and finance management as I’ve scored 90% in these subjects.

    I’ve keen interest in finance field.

    I request you to please help me.

    Thanks
    Regards

    Shrinivas

    • AvatarDheeraj Vaidya says

      Hi Shrinivas,

      If you have excellent skills in accounting + financial management, then taking CFA exam will be a better option. Given that FRM requires relatively strong quantitative skills, it may prove to be a tough nut to crack.

      All the best,
      Dheeraj

  147. Avatarsandeep jakhar says

    hello sir
    i am an enginnering graduate and currently as an officer in oriental bank of coomerce
    im intrested in to make a career in foreign
    please guide me which test should be better for me .
    and tell me about procedure of prepration also
    thanx

    • AvatarDheeraj Vaidya says

      Hi Sandeep,

      The positive of both CFA and FRM is that both exams are recognized globally. However, if you clear these exams, it doesn’t necessarily guarantee you a job in a foreign country. In this context, i will advise you to take the exam which interests you most.

      Best,
      Dheeraj

  148. Avatardominic kwofie says

    Hi, i am graduate in social sciences currently working in an insurance company as a claims analyst. i am average student in math. with my background in insurance and the maths issue can i pursue cfa

    • AvatarDheeraj Vaidya says

      Yes dominic, why not? You should take the CFA exam.

      All the very best,
      Dheeraj

  149. AvatarFasiha says

    Hi Sir,

    I Am currently working in foreign exchange domain from past 2 years.

    And I have basic or no Idea of FRM , But have keenly developed interest in

    the same. Can I choose to take up this course will this help me.

    Thanks in Advance.
    Fasi

    • AvatarDheeraj Vaidya says

      Hi Fasi,

      You can easily sit for the FRM examination. Given you have work experience in Forex, you should be in a position to relate theory with practicals.

      Best,
      Dheeraj

  150. AvatarRajiv says

    Hi Dheeraj,

    Did you do self study for FRM Part 1? If yes, what are the study resources that you referred to? Did you go through any video lectures? How many months before the exam day dis you start studying? If for example you appeared in May 2015, when did you start and how many hours did you dedicate for Part 1?

    Thanks,
    Rajiv

    • AvatarDheeraj Vaidya says

      Hello Rajiv,

      I appeared for the FRM examination when FRM used to be a single level examination. I referred Schweser notes for the same. No video lectures though.

      thanks,
      Dheeraj

    • AvatarRaj shah says

      HI i am b.sc physics student and I have knowledge of maths but just to confirm, as you gave the tips for passing the CFA exam, if you can give the tips for passing the FRM exam, that would be great

  151. AvatarHomy Mehta says

    Hi dheeraj,

    Im currently appearing for CA final examinations. I’m thinking to give CFA next year since im keen on making a career in IB, I’ve also worked for a big IB during the internship.

    • AvatarDheeraj Vaidya says

      Sure Homy, CA + CFA will be a deadly combo for IB :-)
      All the best,
      Dheeraj

  152. AvatarSabah Sadique Shaikh says

    Hi Dheeraj,
    I am currently working with Barclays in the Treasury Division , where I am a business tester on its Asset Liability Management Project.I am keen to develop my domain knowledge in Risk , so is it worth for me to appear for FRM(though I am in I.T) ? also could you please brief me about ,what mathematical knowledge is required for the quants part ?

    Academic Background: Graduate
    Working Background:3 years of experience working in Investment Bank[IT Department]

    • AvatarDheeraj Vaidya says

      Hi Sabah,

      Taking FRM will make lot of sense (even if you are in IT). You will be able to relate a lot with your practical job. You can expect FRM to be somehow Quant heavy.

      Good luck,
      Dheeraj

  153. AvatarSomikazi says

    Good day Sir,

    I am bcom accounting graduate with 6 years experience in the field of Finance. My interest is not really on finance and I would like to star a new career in risk management. My question to you is that do I need to complete a certificate in risk management for me to write an exam in FRM? And once I complete this exam what are the chances of me getting a job in risk management as I don’t have experience in this field.

    Thanking you in advance.

    Regards
    Somi

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Somi, you do not require any certificate to write the FRM exam. Once you clear this exam, chances are high that you may get considered for Risk profiles.

  154. AvatarMohammad Heydari says

    Hi Dheeraj and thank you so much for your useful comments
    I already got my master in industrial Engineering and after while I decided to turn a bit to finance area as it is more compensated in north America how ever I still rather to call myself an engineer than a finance man. any way I started a certificate program in financial mathematics modelling and got very interested in that.My question is after graduating what kind of careers should be my target for job search to stick in financial engineering subject. More importantly which of the above mentioned designation if any would be beneficial for my professional growth.

  155. AvatarKrishan says

    Hi Dhiraj,

    I have completed my B.tech and currently having 2 years of working experience as Quality Analyst for insurance domain. i don’t have accounts background. but have strong maths background. I want to pursue my career in finance because of my interest. Can you please guide me which course will be best for me CFA or FRM. Is there any prior experience / knowledge required for this
    Thanks in advance appreciate your help.

    Krishan

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Krishan, If you have a good maths background then you can consider FRM. However, please note that this field is focussed in Risk Management only.

  156. AvatarAnup says

    Hi dheeraj,
    This is a nice blog and thanks for the insight. I need to seek your opinion. I have a 5 years IT(support and development) and 5 years Operations experience spread over Investment banking, asset management and wealth management mainly back office. which one would be better for a career growth?FRM where I can apply my back office knowledge on reference data to risk management or CFA or anything else

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Anup, CFA could be more related to the work that you have already done. FRM will something very new because of its focus on Risk Management.

  157. AvatarJavier says

    Hi, I was reading your explanation and was very easy to understand. I do not want to missed this opportunity, and want to ask you. I have a Bachelor Degree in Economics from the University of Havana in Cuba, now I was accepted in one university in the USA. Actually, I was accepted for two programs, the first one is a Master in Economomics and the second one is a Master in Financial Statistics & Risk Management. The problem is that I don’t know which one i must choose. Mainly because I don’t understand the differences between the two programs. Thanks, and congratulations for this wonderful blog!!

  158. Avatarmukul srivastav says

    DEAR SIR

    I M B.sc final year student and i m going do PGDM(FS) AND i also want CFA/FRM a one.but CFA is very tough so i want FRM but my maths is poor.so which course i choose and i can manage it with my PGDM(FS).

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Mukul, you can pass any of the exams provided you are ready to spend time and efforts. CFA requires on an average 300 hours of prep time.

  159. AvatarGajendra Malviya says

    First of all I want 2 give u special thanks for creating this extremely valuable blog and the way in which you sort out students queries …
    I read this blog carefully and found all my queries sort out. ☺

    Thanks
    Gajendra

    • AvatarDheeraj says

      Thank you Gajendra! :-)

  160. AvatarAmit Chatterjee says

    Hi Dheeraj
    I am a CA & have more than 10 years of experience.mix exposure in manufacturing & banking industry mostly in internal audit. i have 5 years experience in internal audit in banking & currently in banking industry.please advice if doing CFA+FRM or CFA or FRM will be advisable for me with regard to my current profile

  161. AvatarAmit says

    In addition, I have heard about some risk modelling projects. Should I go for these along with FRM? how these would be helpful in building my career?

  162. AvatarAmit says

    Hi, I am CA. I am going to appear for FRM Part 1 this May. I am taking the classes for FRM so I have just left the job for the preparations.
    Do you think this decision will benefit me after completing FRM.
    I was working @7 lacs. How much i can expect after completion of FRM?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Amit, the salary part is a very difficult question to answer. It depends on the opening, negotiation skills, background, experience. For details, you may look at FRM Salary

  163. AvatarParind says

    Hi sir

    I have recently written my h.s.c exams (Maharashtra) can I attend for cfa exams ???

    • AvatarDheeraj says

      Hi Parind,

      You need to be a graduate or in final year to take CFA exams. Unfortunately, you will not be able to take this exam as of now.
      Why hurry? enjoy life :-)

      Best,
      Dheeraj

      • AvatarAb says

        Hi Dheeraj Sir,
        Currently i am stock broker and i have 2 years experience as a broker .. can CFA helful for my carrer….. i am a management graduate….

        • AvatarDheeraj says

          Hi Ab,

          Surely CFA exams can help you. I hope you are planning to continue your job as a stock broker?

          Best,
          Dheeraj

  164. AvatarSiddhant Nath says

    Hi,
    Thanks a lot for this. It has helped me a lot. I have a couple of questions, though. I am an engineer working in Infosys as a software developer for two years. My ultimate goal of course, is to have a long term and rewarding career in Finance. Risk management is not really my first choice so my two choices are MBA or CFA. I am really confused regarding these two. I do not have a background in finance so CFA might prove to be too much for me but its slightly broad based approach is exactly what I am looking for. As for MBA, I do not know if it is a better choice for me or not.
    I would really like some advice on this.
    Thanks

    • AvatarDheeraj says

      Hi Siddhant,

      If you are keen on making a rewarding finance career, how about CFA + MBA? CFA exam is broad based in Finance and you can clear this examination with some extra efforts. You can enroll for CFA exam while you are working at Infy. In addition, if you could get into a good MBA institute, you will surely ride an exciting career in finance.

      All the very best,
      Dheeraj

      • AvatarAK says

        Hi Dheeraj sir,
        Can one prepare for CFA/FRM while pursuing an MBA at one of the IIMs. I am asking this because I have herd that the academic rigour at an IIM is quite intense. I would like to know what is the general pattern- do students pursue CFA/FRM after their MBA or do they atleast start with level 1 while at an IIM ?

        • AvatarDheeraj Vaidya says

          Hi Ankur, If you are at IIM then your course curriculum will be very exhaustive. Finding time for CFA or FRM will be a bit tough. Having said that, if you can somehow manage to clearn atleast level 1 then it will be great resume point and will help you with the shortlists/interviews during the placement season.
          Good luck,
          Dheeraj

  165. AvatarDillip says

    Hi Sir,

    Iam arts graduate with economics & MBA finance.
    I have 3 years of experience as associate accounts receivable.Now I want to switch risk Mgt field.if I will go for frm my past experience will be counted for certification or not? Certified credit research analyst CCRA OR FRM which will be suitable for me, Or any other course.

    Thanks
    Dillip

    • AvatarDheeraj says

      Hi Dillip,

      You can opt for either of the two, CCRA or FRM. CCRA is great in the Indian context, however, FRM has a far more global appeal.

      Best,
      Dheeraj

  166. AvatarAmit says

    Hi,
    I have done B.E. in Telecommunications. Presently working in government job not directly related to finance. I have got 16 + years of work experience. I was planning to choose a second career in finance. Initially I was thinking of doing M.B.A. . However I came to know about CFA and FRM. As it would be better for me to do it with my job. For M.B.A I had to leave the job. I would like to know that without much of accounting and finance background will I be able to go in for CFA or FRM.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Amit, You can consider either CFA or FRM depending on your interest. Both are very beneficial.

  167. Avatarqyflive says

    Hello Sir,

    Thank you so much for this article. I am going to graduate from college as a accounting student this May. I got accepted from a one-gear MSF program for a nice school. Which exam do you think its good for me to better break into market? I don’t really have very outstanding internship from finance related field. I also don’t have specific entry-level career plan. If I take CFA, by the time I graduate from master school, I should only be able to pass one level which I doubt that gonna make me look better.

    Yours truly

    • AvatarDheeraj says

      Hey, I think you should be able to clear CFA level 1 exam easily. Clearing CFA exam is surely going to make your resume look great. Don’t worry too much on that. Just go for it.
      All the best!
      Dheeraj

  168. Avatarshiv says

    Hello Sir,

    currently i am working in SAP- Planning tool ,in which we deal with financial data , i wrote CFA level-1 in June 2015 , haven’t cleared because of code of ethics part, can you please advice me whether i should continue with my current profile or go for CFA/FRM , i want to make my carrier in wall street, currently i have two year experience and my backgroung is engineering

    • AvatarDheeraj says

      Hi Shiv, you should pursue CFA. Ethics section is easier if you refer multiple resources like CFA books, schweser notes and practice the questions. This section was difficult for me too, however, with practice you should be able to crack this one.
      All the best,
      Dheeraj

  169. AvatarRonald says

    I’m not very good at maths, in fact very poor but still I want to pursue FRM and have good career in investment banking industry. What is feasibility for me beside being not very good at maths or statistics to pass the exam

    • AvatarDheeraj says

      Hey Ronald, you should pursue FRM exam. Just that you may have to allocate more time for quant specific sections and practice tests. It is not PhD level maths. One should be able to gain confidence in this section by devoting more time on this.
      All the best,
      Dheeraj

  170. AvatarMahesh Patil says

    Hi Dheeraj,

    I am software testing professional having 5 years of experience in Investment banking/capital Markets.
    Which certification is better for me. CFA or FRM?

    • AvatarDheeraj says

      Hey Mahesh, With your experience in capital markets, I think CFA exam makes more sense.
      Best of luck, Dheeraj

  171. AvatarMohammad Heydari says

    Hi Dheeraj and thank you so much for your useful comments
    I already got my master in industrial Engineering and after while I decided to turn a bit to finance area as it is more compensated in north America how ever I still rather to call myself an engineer than a finance man. any way I started a certificate program in financial mathematics modelling and got very interested in that.My question is after graduating what kind of careers should be my target for job search to stick in financial engineering subject. More importantly which of the above mentioned designation if any would be beneficial for my professional growth.

  172. AvatarMeghana says

    Hello Sir,
    My qualification is BE Mech and MBA Finance
    I am having 5 years of experiance in a private Bank as Forex Manager at Branch Level.
    I am confused as which certification course I should Opt for to continue my career in Forex field.
    Kindly guide me for the same.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Meghana, CFA is primarily into Corporate Finance etc. FRM does cover currency risks etc in detail. If you are focussed towards risk management side, then you may consider FRM exam.

  173. AvatarVinod says

    Hello Sir, I have 3.3 Years exp.In portfolio performance measurement reporting.I Have done My MBA In finance, And looking forward for certification course.But i m Confuse In CFA and FRM. As i m week in Maths still can I go through FRM as it is taking less time as compare to CFA, Or shoul i go for CFA. And considering my EXp Which will be better for me.

    Waiting for your Reply.

    Thanks,
    Vinod

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Vinod, given your experience, CFA suits you more. Though FRM exam takes less time, but it is highly quantitatively oriented.

  174. AvatarSwati says

    Hi Dheeraj!

    I have completed my MBA in Finance and my specializations were Treasury & Risk Management. Prior to that I did my bachelors in Maths & Economics. I have no accounting background as such, only in Class 11 & 12 I had commerce. Please advice if CFA or FRM would be more suitable for me.

    Thanks!

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Swati, its easy choice for you. Go for FRM :-)

  175. AvatarJai says

    Hi Dheeraj,
    I have just completed my MBA in Sales and Marketing in 2016 from a reputed college and have been placed as a deputy manager(Wealth Manager) at a bank. I have my joining in June. I was thinking whether it would be beneficial for me to take CFA for getting better promotion since i am in a bank job

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Jai, CFA will be definitely beneficial. If you would like to complement your job profile, then you may also consider taking CFP exam

  176. AvatarOscar says

    Sir,

    I have master degree in financial engineering. I am working in Collateral Evaluation team and would like to ask you for advise which exam to choose. CFA or FRM? At the beginning I was thinking about FRM but right now I have some doubts if it would be a good choice.

    Thank You for your answer.
    Regards,
    Oscar

    • Dheeraj VaidyaDheeraj Vaidya says

      Given your experience Oscar, you should consider FRM.

  177. AvatarSathya says

    Hi Dheeraj, I work in TATA consultancy services as a Operations Manager for banking clients for 8 years. I want to get into Risk management profile. One of the criteria for FRM is 2 years of experience in Risk management. Since i dont have direct experience in risk management, am i eligible to take FRM exam? Please advise. I had done MBA in Finance and B.Sc in Physics.

    • AvatarDheeraj says

      Hi Sathya,

      You can take the FRM examination without any experience in risk management. I dont think that is a must. For the FRM Certification (after clearning both the levels), you are required to have a relevant work experience.

      Thanks,
      Dheeraj

  178. AvatarAkshat Mittal says

    This article has been really helpful. Thank You for the appropriate work!

    • AvatarDheeraj says

      thank you Akshat!

  179. AvatarAnchal Jakhete says

    Hi Sir,

    From last 2.5 years i am working in KPO sector for one of the leading investment bank of US. but as working same task on daily basis is so bored so i am thinking abount some certification. i have done MBA in finance, please guide me is CFA help me in my carrier in future should i get more than in KPO filed.
    Thanks

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Anchal, CFA is the way to go for you. It will complement what you learnt in IB and will also help you fetch other front end roles.

  180. AvatarMorongwa says

    Hi Sir,

    I failed CFA Level 1 Dec 2015, and I do not want to do it again, I enjoyed Portfolio, Alternative Investments and Corporate Finance. Do you think I would enjoy FRM? Or what can I do instead?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Morongwa, Consider FRM only if you are interested in Risk Management. Otherwise, it will not be of much use.

  181. AvatarArchit Sharma says

    Hey,
    The analysis done above is very good and easy to interpret.
    I am pursuing my MBA finance from a reputed University and am planning to do CFA afterwards.
    However, I was not able to clear my CA examinations mostly due to the theoretical ones. So I will like to get a solid advice from your side i.e whether I should able to clear these CFA examinations or are they going to be as or even more tough than CA examinations.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Archit, CFA and CA are two different examinations. you can learn more about their differences here. CFA vs CA.

      As compared to CA, my take is that CFA is a relatively easier exam. This doesn’t mean that CFA is easy. To pass each level, you may have to put at least 300 hours of study time.

  182. AvatarAman says

    Sir,i am 3rd year in graduation after that what course is good for me cfa,frm and any other course

    • AvatarDheeraj says

      Hi Aman,

      What is your background – engineering/commerce/science/others?
      Certifications may suit you depending on your interest and background.

      thanks,
      Dheeraj

  183. AvatarAvishek says

    Hi,
    I am a masters in Economics (stats was my pass paper) and i work as an Analyst (Data Scientist) in a market research company. I want to do either FRM or CFA to get an edge in my resume. Which one of the course will help me?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Avishek, consider CFA or FRM if you have genuine interest in Finance. Data Scientist roles are in hot demand these days. Why not consider a certification in that area?

  184. AvatarKIRTI says

    HI
    I have done bsc maths honours and msc in mathematics . right now i am working in education industry , i want to switch to banking, which one of CFA or FRM is going to help me . Also my interests are asset management or risk management.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Kirti, you could consider either of the two. If you are genuinely interested in Risk Mgmt, then go for FRM. FRM requires great quant skills and given your background, you will not find that tough. However, CFA is more about Corporate finance, Asset Management etc.

  185. AvatarMayank Agarwal says

    I’ll be taking my ISC exams this year. After that I plan to do FRM then CFa and finally MBA in Finance. Is it useful to do all the three courses? Is it worthless to do 3 courses in the same field or will it be helpful for job opportunities and I’ll be given preference amnong others?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Mayank, You could choose between CFA or FRM. Both are not necessary as they both cater to totally different areas in Finance. Regarding, MBA in Finance, whether you should consider that or not – do have a look at these articles CFA vs MBA and FRM vs MBA

  186. AvatarRishabh Saxena says

    Hello Sir,

    I just want to know if i completed my FRM then its mandatory to do any training. i have done MBA in finance and operation and have have 4 year of experience in accounting.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Rishabh, i am slightly confused with your question. There is no mandatory training required when you prepare for FRM. Once you complete FRM, there are some continuous development programs (credit programs) offered by GARP that you may take (they are not mandatory!)

  187. AvatarMANOJ PILLAI says

    Hi Dheeraj,
    I have cleared CFA L1 and FRM part1. I have started preparing for CFA l2 from 1st Feb 2016 and i planned to give the exam on June 2016. But when i went through the course i felt a bit scary with the amount of number crunching and concept clarity required for different subjects. I am a working professional. Can you guide which subjects should be given top most priority. And number of hours required to clear the exam. And any other guidance you would like to share with me.

  188. AvatarSunny says

    I completed my ACCA in 2009 since then i have worked for three years in accounts and other three years i spent starting and succeeding in my own business but now due to some personal problems i am not being able to continue with my business therefore i am planning to switch back into the world of finance. I feel i am good in accounting and financial management but i am not so good at algebraic maths but my arithmetic is fine. would it be wise decision to sit for FRM 1 in this May ? do you think FRM can give my career the required boost because i have remained absent from finance world for three years.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sunny, consider FRM only if you are interested in Risk Management. Given your experience, FRM may not add direct value.

  189. AvatarHimanshu Garg says

    Hello Sir,

    I am a btech graduate working for the last 2,5 years as a regulatory reporting analyst for one of the multinational dealing with otc derivatives confirmation and post trade activities. Since I have no finance educational background, I am planning to take up a certification to open up new horizons for my career. Would you advise me an FRM cerification?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Himanshu, taking certifications is a great way to upgrade skills and build resume. FRM certification should add lot of value (given your experience).

  190. Avatarsrirem says

    I have 3 years of banking experience in KYC AML Risk . Now i have a long break from work of about 8 years. Can i opt for FRM and start my career again? Or should i go for CFA?
    I would like to continue in KYC AML Risk assessments.What is the Scope if i do FRM.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Srirem, consider FRM can bring you back from this hibernation. However, I am not sure of the kind of job you may get in Risk Management after that (given your experience and break).

  191. AvatarPreeti says

    Hi Dheeraj,

    Thanks for sharing useful and fast tool to go through for CFA / FRM. I am Chartered Accountant with 7 year working experience in to Finance Sector. I am interested in Risk Analysis but not having very strong academic background in mathematics. Would Like to know that how tough it would be to understand and clear FRM and how much value addition it will be if I move to Risk Management field in Banking or other Finance Sector Organizations.

    Thanks for your help.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Preeti, FRM does require strong maths skills. If you consider yourselves as average in maths, then don’t worry. Just spend more time in learning the concepts discussed. You will get a good grasp of what it is all about. CAs normally prefer CFA as it is related to accounting and corporate finance and they find it much easier to pass.

  192. Avataralex says

    Thank you for the above information. i currently sell securitized products(MBS, CMBS, CLO, CDOs). In your opinion which exam focuses more on this space?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Alex, given your background, FRM is the exam for you!

  193. AvatarAyush Goyal says

    Hi Dheeraj,
    i have cleared cfa lvl 1 exams with more than 70%> in 7 topics and 51-70% in quant and deriavtive ,less than 50%< in econ. I want to pursue frm. i am b.com graduate. and want to know is cfa lvl 1 will help me as foundation of frm . and is there any similarity in cfa and frm syllabus

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ayush, You will see some overlap in sections of derivatives, fixed income, quantitative analysis etc. However, please make sure to go through the FRM curriculum comprehensively.

  194. AvatarShant says

    Hey Dheeraj,

    I am a credit analyst in a bank with a BA in Economics (I have taken only one course of Finance). What do you recommend? My friends recommended FRM as it covers topics related to credit risk. I would appreciate your opinion on this matter.

    • Dheeraj VaidyaDheeraj Vaidya says

      Yes, I echo your friends thoughts of recommending FRM. Given your experience in Credit, FRM suits you well.

  195. AvatarAnkit gupta says

    Respected sir

    I am in b.com first year and like to do CFA,
    Sir from which year I registered in CFA exam and what is the eligibility and sir I am from business city(Ludhiana,Punjab) is this course good for me or not and if you know any other course which have good scope in my city then please tell me.
    Thanking you

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ankit, you can’t appear for CFA Level 1 as of now. You have to be in your final year to give this exam. For preparaing for the exam, you can consider prep courses and also, CFA books. I am not sure if there are classroom training options in Ludhiana, however, you can always consider online training options – one of them is CFA Prep course that we offer.

  196. AvatarVarsha Kadam says

    Hello,
    I am a commerce graduate and have worked in IB back office profile (capital market and derivative trade confirmation) for 6 years. Currently, I am on a maternity break and not working anymore. I plan to start working by end of this year. And want to change my back office profile. I had a slight exposure of credit risk while I was working. Could you please guide me which course should I go for? I am really very confused between FRM and CFA..

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Varsha, given your experience in capital markets and derivatives, I think CFA will suit you more.

  197. Avatarakhila says

    Hello Sir,

    I am a CPA with license. I am working in risk management domain for a bank, I want to be able to give informed insights about investing, hedging risk to my organization, this is what I want to do for a long time in career. I am keen about FRM, but I am not sure about how difficult or easy the course would be. I have graduation in commerce, MBA in finance. My core area is not quant. Can you please guide me as to if this is the right path for me.

    Regards,

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Akhila, Since you already working for Risk Management domain, its FRM that suits you more. don’t worry too much about Quant. Just that you need to spend more time practicing quant areas.

      Best of luck,
      Dheeraj

  198. Avatarsudhanshu kansal says

    i am a 3rd year student in bits pilani doing dual degree in chemical and economics. I wish to pursue my career in finance. I am planning to go for both frm and cfa level 1,2 in next year. Considering if i successfully complete my above target and below credentials, Would this help me in getting my first job in a finance company.

    Also i am currently working as a par-time consultant to a finance firm too, my cg is low, and i have good knowledge of programming. Also not wish to go for MBA soon after graduation

    Hope you help and guide me

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sudhanshu, if you are able to clear the level 1, then there is strong chance of getting your first job in Finance. there are many companies that come to campus who prefer CFA and FRM candidates.

      Best of luck,
      Dheeraj

  199. AvatarSaurabh verma says

    Sir I am selected as a bank probationary officer and after looking your post I want to study one these course.may u tell me please is bank po experience is eligible for CFA/frm/and other exam. And other course I can do working as a bank po.?

    • AvatarDheeraj says

      Hi Saurabh,

      I am really not sure if banking PO experience would count. You can however appear for these examination as the only pre-requisite they require is graduation. I guess between CFA or FRM, FRM may suit you more given your banking profile.

      Thanks,
      Dheeraj

  200. AvatarAnkit says

    Hello sir.
    I passed my ca examination recently.
    Want to know that which is more beneficial for a chartered accountant(india).
    CFA or FRM or CFP with IFRS.
    n if i register for CFA level 1 for this june attempt then…. can i give level 2nd in december 2016.

    • AvatarDheeraj says

      Hi Ankit,

      For a CA, i think CFA is a logical extension if you want to move into Investment Banking. You may also take some IFRS examination, however, it depends on your interest, you want to move into auditing or Investment Banking.

      CFA level 1 can be taken twice in a year (december and June). CFA Level 2 can be taken only once in a year (June). With this if you take CFA Level 1 in June 2016, you can only appear for CFA level 2 in June 2017.

      Hope this helps!
      Dheeraj

  201. AvatarHitesh says

    Hello. I work as a relationship manager with a bank offering wealth solutions to our customers. However my career has stagnated due to the current economic scenario and I do not see myself grow any time soon. I was contemplating between cfa and frm. My idea of pursuing frm is primarily due to it being not related to market. Please advise

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Hitesh, given your experience, CFA will be worth a certification to look at.

  202. AvatarVamsi says

    Hi Sir
    I failed CFA level 1 DEC 2015.
    can I take Frm this may?
    I don’t have accounts background. but have strong maths background

    kindly advise

    • AvatarDheeraj says

      Hi Vamsi,

      You can surely appear for FRM examination. No problems with that. If you have a strong maths background, then FRM will not be much of an issue.

      All the best,
      Dheeraj

  203. AvatarAjay says

    Hi Sir
    I am currently working in back office of treasury department at a private bank. My experience is <1 year,I had cleared CAIIB, will clearing FRM help me land a job in foreign counrties (gulf,US,etc) or do I need to have additional work experience?

    Your inputs have helped me achieve a clarity of what exam to take
    Thanks & Regards
    Ajay

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ajay, clearing FRM is no guarantee of a job in foreign country. It will only help you in skill building.

  204. AvatarNnita says

    Dear Dheeraj,

    Thanks for a great article first of all.
    I would really appreciate your personal advice on which exam to choose.

    I have an economics background and two master degrees in quantitative methods of economics and econometrics. I am currently working as an actuary in a reinsurance company developing structured reinsurance solutions to provide the desired effect on the balance sheet or P&L of the client.
    I am not a certified actuary and I am not planning to choose this way to continue.

    Could you please advise which of the two (CFA or FRM) would be more beneficial in my situation? Initially I was thinking about taking a FRM exam but after reading your article I am not sure that this is the right thing to do.
    Thank you very much.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Nnita, with your excellent experience and background, FRM is the right certification to choose. Not sure which section of the article made you confused :-)

  205. AvatarNimat says

    Hi deeraj,
    I am interested to be a quant analyst and would like to pursue masters in statistics. Which one is more relevant? CFA or FRM?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Nimat, given your background, FRM will be relevant!

  206. AvatarDashka says

    I am a new bachelor graduate in economics and i am doing master in economics. Is there any significant combination between MA.economics and CFA?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Dashka, MA economics + CFA could be a great combination especially if you are looking for financial strategy and macro level roles in Finance.

  207. Avatarjavier says

    Hi folks,

    I contact you in order to know if anybody has achieved the prm tittle and has started the cfa certification in order to establish the differences between these two certifications…

    Is the level I very hard if you have achieved the prm tittle? (I have the 2011 PRM edition)

    and level II and III?

    For me PRM has been a tough certification (exam I the most difficult, then exam III hard and exam II and IV were easy for me) but I do not know if CFA is easier or even harder…

    I wait for your comments.

    Kind regards

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Javier,

      PRM is more quant oriented and is a difficult exam to clear. Likewise, CFA is also very rigorous exam given its length and breadth of topics covered. Choose CFA only if you are interested in Corporate Finance, Investment Banking, Asset Mgmt/Portfolio Mgmt kind of roles.

  208. AvatarSyed Muhammad Haider Hussain says

    Hi sir dheeraj,

    ALHAMDULILLAH, I have done my acca. And have just started my career. I am 22. I want to do CFA now. But after research on it i came to know that i am not eligible for CFA. I must have atleat 1 year of experience. What shall i do? Shall i go for FRM? (however i have no interest in this subject)

    Looking forward for your kind and informative response

    thanking you

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Syed, I didn’t get it.There’s no such experience criteria for taking the exam. You should be a graduate or in your final year of graduation to take the exam.

  209. Avatarankit says

    Hi Sir,
    i have just completed with b.com(financial markets),
    and just bit confused about frm,cfa,financial anylist.
    as i am interested in finance

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Ankit, which area within Finance – Risk Management or corporate Finance… FRM or CFA will depend on your choice within finance.
      If you have no choice between the two areas in Finance, then consider CFA. CFA is a global exam and will help you to get shortlist from larger roles.

  210. AvatarAbhilash Singh says

    Hi Sir,

    I am a Software Engineer working in an Investment Bank. My domain is Risk and Finance. I want to be a business annalist which will involve finance and IT knowledge. So i want to know which course suits me either CFA or FRM as i am already in Risk domain and handling application related to that domain. Does this really a addon for me

    • Dheeraj VaidyaDheeraj Vaidya says

      Yes, FRM can be an add-on given your work experience.

  211. AvatarUche says

    i am a chartered accountant(ACCA) with experience in Treasury trading forex and fixed income sales now i am in the risk aspect(MARKET rISK & ANALYTICS) of the firm. i am considering during an Msc finance and then CFA&FRM . my ultimate goal is to be CFO of a fortune 500 company. i was wondering which i should do first CFA or FRM.

    • Dheeraj VaidyaDheeraj Vaidya says

      Based on your experience, you can consider FRM first.

  212. AvatarSunny says

    Hi Deeraj, I a work in Internal Audit for an American Bank. I am also a CPA. I think I want to go into something more risk based so leaning towards the FRM exam. I see that you put 150 hours is enough time for each level of the FRM exam. I want to take the exam this coming May and can add Kaplan/Schweser study program but looking at past examples of exams the Math looks very intense. I cant seem to gauge or get any info from anywhere on how intense the math is and if 150 hours is enough time for me to be ready by May. Also is there a lot of memorization?

  213. AvatarArvind sankrot says

    Hi I have related to work experince .. I am at scale first officer in psu bank. I had handled trade finance, credit specially retail credit n bit of SME also and forex operation. I have graduation in B.pharm.I have total 3 year experience. Now I want to pursue CFA for better opportunity.. But I have read at their that to allot CFA status I must have 4 year qualified work experience. My question isvmy current work experience count for CFA or not.

    • Dheeraj VaidyaDheeraj Vaidya says

      Not sure Arvind. Please contact CFA Institute for clarification on this.

  214. AvatarMohit Gaur says

    hi
    I am currently doing my MBA in Financial management. i did my graduation in engineering. Should i apply for both CFA(june 2016) and FRM (may 2016)in order to build a profile as i am interested both the exams.
    Is there enough availability of time for the preparation for both simultaneously.

  215. AvatarSangamesh Menon says

    Hi,

    Just wanted some info. I am a person with an accounting background, attempting the CPA exam. However, my interest is on Risk Management, specifically Credit risk management, credit insurance and so on. Will taking the FRM exam make more sense to me in order to get more openings in the type of career I want to join?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sangamesh, if you are interested in Risk Mgmt field, then FRM is the right certification.

  216. AvatarPankhuri says

    Hi Dheeraj,

    I have done MBA in finance and have 2yrs experience in business research. I want to do MS finance and bit not clear about whether I should pursue CFA or MS Finance.
    It would be great help if you could guide which have better prospects.

    Thanks
    Pankhuri

  217. AvatarSrikar says

    Hi Dheeraj,

    Excellent analysis. I have been with IT industry for a long time (15 yrs) doing mostly data analysis and big data. I have not worked in finance yet and planning to work in finance area. I have masters in mathematics and engineering. Will FRM certification help me in growing in risk management area? Am I too late for this?

    Thanks,
    Srikar

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Srikar, why do you want to shift to finance domain? Big data and analysis is huge! you are in the right technology and can fire power your growth in short span of time.

  218. AvatarRini says

    Hi Sir,

    I am working in the credit ratings domain since the past 5 years with exposure to both international and domestic markets. I am an MSc (Maths) and MBA (Finance) post graduate. I was thinking of taking up FRM exam to improve my career prospects both in the domestic and international markets. FRM is considered to be a plus internationally. What value does FRM hold in India? Can you please guide me on the same.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Rini, definitely you should consider FRM. FRM holds lots of value in India as it is a global examination.

  219. AvatarSrishti says

    Hi Sir,

    I have recently completed my bachelors degree in commerce and now i want to make my career in Banking/Finance. But i am confused between CFA and FRM. Which would be better for me ?

    Reply

    • Dheeraj VaidyaDheeraj Vaidya says

      Given your background in commerce, my take is that you consider CFA.

  220. AvatarSajid says

    Hello,

    I am Associated with Islamic Banking as Treasury Officer. I am looking after Treasury Operation. Please guide me which route I will take CFA or FRM or CTP?? YoUr advice is requested. I have 7 years experience in Banking.

    • AvatarDheeraj says

      Hi Sajid,

      If you want to remain in Treasury, i think CTP is most suited.

      Thanks,
      Dheeraj

  221. AvatarMukesh Jindal says

    Hello sir
    At present I am doing CA and I am looking to go for financial consultancy with CA practice in future. Will the above two courses help me in my future ?

    • AvatarDheeraj says

      Hi Mukesh, If you want to continue with Accounting work, i don’t think CFA or FRM will help you much in this context.
      Thanks,
      Dheeraj

  222. AvatarSai charan says

    Hi dheeraj
    I am working in psb from the past 2 year I want to switch to foreign bank in future. So which course will help me in switching to foreign banks and adds a value to my resume. And how much experience will it needs to switch.

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Sai, instead of taking CFA or FRM, you should consider courses that are related to banking or portfolio management like CFP etc.

  223. AvatarPankaj Kumar says

    Dear Dheeraj,

    I have done MBA(International Business) and working in Bank as Senior Relationship Manager(AVP)for their Corporate and Institutional Banking Dept. I am taking care of trade working capital , Liabilities, Fx and other requirement of the corporate customers(In short i am managing corporate customer accounts). I have 6 years banking experience and i am 32 years old. i am thinking to take CFA or even CRM course. What would be your advise? and how it will be beneficial for me?

    Thanks,
    Pankaj

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Pankaj, I am not sure how CFA will help you on this. CFA is mostly for investment management, IB, research kind of profiles. Maybe CFP could help you in this context.

  224. AvatarShiven shrivastava says

    Hello Sir, I have done MBA in marketing and currently working in a reputed HFC as credit manager for home loans. Before MBA i worked in an IT company for 2 years. I have multiple queries: 1) Being a marketing guy i opted for sales initialy but in the training i liked credit apraisal and joined as credit manager. Will my career growth be slow in comparison to other professionals as i dont have finance background.What should i do to counter this?
    2) Should I do any certification?Which certifiaction should i do to improve my career prospects and how will it be beneficial for me?

    Please help me with sir

    • AvatarDheeraj says

      Hi Shiven,

      Your career growth in credit will depend on how you perform as a credit analyst. I think if you should to work towards finance fundamentals. Also, adding a certification like CFA will be surely beneficial.

      thanks,
      Dheeraj

      • AvatarShiven says

        Thanks for the reply sir.which certification will be better for me FRM or CFA?

  225. AvatarVijay D says

    I look forward to your reply soon. I hope u have received my query.

  226. AvatarAlpha says

    Hi Dheeraj

    I wannted to submit for CFA but my english is not good at all. Do you think that with my intermediate level i can pass it successly? I have a master degree in finance and i’m working in a bank.
    I need your support with value at risk excel about change risk for a study.
    Thank

    • AvatarDheeraj says

      Hi,

      CFA Level 1 and CFA level 2 is multiple choice question paper. CFA Level 3 consists of Morning section where you are expected to write. What i have found in CFA Level 3 is writing brief and to the point works! You do not have to write any stories as such. So please do not worry about the English aspect for this examination.

      thanks,
      Dheeraj

  227. AvatarArpit Maini says

    Hi Dheeraj,

    I am currently working as a QA Analyst in one of the leading banks in US. I have done my bachelors in engineering and do not have much knowledge on accounting/finance subjects. I did read your blog on CFA/FRM and want to pursue either of these course for a better career growth. My current professional experience is close to 6 years and I am looking for opportunities in Banking/Finance industry. Not sure if these courses will help me in career growth taking into consideration that I do not have a previous experience in Finance. Please guide.

    Thanks.

    • AvatarDheeraj says

      Hi Arpit,

      CFA and FRM examinations do help in getting a jumpstart in finance careers. If you do not have any specific choice between CFA or FRM, i guess you may take CFA exam. CFA exam has a broader curriculum and covers corporate finance, accounting and other finance topics.
      Hope this helps.

      Thanks,
      Dheeraj

  228. Avatarvignesh says

    Hi Sir,
    I am MBA Finance with B.Tech IT and have 5 years experience,on this 3 years in solar project sales which gives lot of knowledge structuring projects based on IRR,now i am switching to an Broking firm as an relationship manager-sales.Which one is better for me CFA or FRM.

    • AvatarDheeraj says

      Hi Vignesh, given your switch in broking firm, i think CFA will suit you more.
      Thanks,
      Dheeraj

  229. AvatarAjay says

    Dear SIr
    I am working as Senior Manager in a reputed Public Sector Bank.I did my graduation in Statistics from Delhi University.I have experience in loan,inspection,vigilance,routine banking,foreign exchange.I completed CAIIB and Diploma in International Banking and Finance from IIBF.
    I am selected for foreign posting and finally will join by December 2016(Next year).Whether doing FRM will be useful for my career.
    Regards
    Ajay Kumar

    • AvatarDheeraj says

      Hello Ajay, given your credentials, you are already doing great! However, if you want to make a career in Risk Management within Banks, i think FRM will be helpful exam to take.
      Thanks,
      Dheeraj

  230. AvatarNilesh says

    Hi,

    I am working for Private Bank, as an Assistant Manager with a role of Business Analyst,I am confused between couple of certifications like PMP/Prince/FRM. Could you please guide me through if either of the certification is good for me or it will not help me much.

    Thanks.

    • AvatarDheeraj says

      Hi Nilesh, Project Management and FRM certifications are poles apart. What is your long term goal? Are you interested in making a career in Risk management within Banks? If yes, then FRM exam is the one to take.
      thanks,
      Dheeraj

  231. AvatarSOMDEB CHOWDHURY says

    sir,
    currently i am working as Branch Manager @ PSU bank with 05 + years experience in general Banking . Currently i want to shift from general Banking toward more attractive career. i have B.tech degree & currently 31 years old. what should be the best possible way forward… CFA, FRM, CFP or any thing else..? pls advice.

    • AvatarDheeraj says

      HI Somdeb,

      You need to choose either of the three depending on your interest.
      CFA – for corporate finance and Investment Banking Roles. Pretty difficult to move to IB roles due to high competition.
      FRM – If you like Risk Management, then you can take this exam.Your experience in banking industry may count a bit here.
      CFP – If you are inclined towards Portfolio Management and advisory roles.
      I guess the choice is totally yours. All three exams provide immense career benefits.

      Thanks,
      Dheeraj

  232. AvatarAnup says

    Hi Dheeraj, I have done BE in Computers and MBA in finance. Currently working in a public sector bank in retail banking group for last 1.5 years. Growth and better career opportunities are very less here.is it advisable to do FRM so that I can switch my job and explore new career options???

    • AvatarDheeraj says

      Hello Anup,
      You can take FRM examination only if you have keen interest in Risk Management. It’s a highly niche field which should not be opted due to challenges in the current job profile. Hope you understand.
      thanks,
      Dheeraj

  233. AvatarVivek says

    Hi Dheeraj,

    I am currently working as a Finance Analyst focused mainly on Finance and Accounts. i am looking forward to applying for the CFA exam. Will my current work experience be valid for this course.

    Thanks in advance!

    • AvatarDheeraj says

      Hi Vivek,

      Finance and accounts can become a part of Corporate Finance. My guess is that your experience will count, however, it is best to write to CFA Institute so as to be sure.

      Thanks,
      Dheeraj

  234. AvatarANUSHKA KYAL says

    Hi Sir,
    I will give my IPCC next year in november and I am planning to do CFA along with my CA. Should I do FRM as well ?

    • AvatarDheeraj says

      Hi Anushka,

      Give you are planning to take CFA along with CA, it should be more than sufficient.

      All the very best,
      Dheeraj

  235. AvatarRandheer Anthony says

    Hi Dheeraj,

    Very well compiled presentation I must say. I am a B.Tech grad in the field of Computer Sciemce and have 3 years exp with Amazon working as a Sr. Investigations Specialist in TRMS (Transaction Risk Managment Service) department. My question is will FRM add weight to my profile ?

    • AvatarDheeraj says

      Hi Randheer,

      Given the scope of work, i guess FRM will definitely add value.

      Thanks,
      Dheeraj

  236. Avatarvicky says

    Hi i am working in a public sector bank in india. I am an engineer plus MBA finance. I have also cleared JAIIB as well as CAIIB. so please tell me whether i should go for CFA or FRM or none as i want to stay in this bank only and take promotions.

    • AvatarDheeraj says

      Hi Vicky,

      If you want to stay in the bank, then CFA or FRM is not required. CFA is not connected to the core traditional banking stuff.

      Thanks,
      Dheeraj

  237. AvatarKhushbu says

    Hi Dheeraj,
    I am a CA and i had a long break in my career so i am planning to do a course that could help me revive my career again but i dont want to give many years in it. I am intrested in doing FRM as the subjects interest me and i think i want to pursue my career on the risk management side. Will CA + FRM be a good choice and what is the scope for me after doing FRM. Please advice.

    • AvatarDheeraj says

      Hi Khusbhu,

      Since you are a CA, i wanted to recommend you to take CFA. CFA is relatively easier as it covers accounting and many other topics that are ready a part of rigorous curriculum of CA. However, you can also opt for FRM. Just that FRM will totally a new branch for you to discover. It is more quantitative in nature and requires good maths skills.

      Also, CA+CFA move in financial analyst roles pretty easily. Unfortunately, I have limited knowledge of CA+FRM profiles and cannot comment on the same.

      thanks,
      Dheeraj

  238. Avatarpradip says

    sir i am from nepal and i completed mbs in finance and i am also a trader in stock market. cfa is better or not in nepal

    • AvatarDheeraj says

      Hi Pradip,

      CFA has a global appeal. Since you are working as a trader in stock markets, CFA should help you a lot.

      thanks,
      Dheeraj

  239. AvatarTran Thi Thu Ha says

    Dear Sir,

    I am 34 years old, I am currently working in the Risk Management Department of a Bank in Asia since 2011.
    I have done BA International Relation and MA International Trade & Finance.
    I would like to know if FRM option is good for me.
    Thank you so much for your help!

    • AvatarDheeraj says

      Hi,

      Given your scope of work in the Risk Management department in a bank, you must take FRM examination. It will add lot of weight to your resume.

      All the best,
      Dheeraj

  240. AvatarNithin Varghese says

    Hi Dheeraj,

    I am a commerce graduate ( Banking and insurance ) passed out in the year 2011. After graduation I started working in BPO ( US Mortgage Process) and now I am working as Pre-Underwriting analyst for a US Mortgage Company. I want get out of BPO industry and want to get into finance. After reading the article I am still confused which one to choose as Banking student never I have ever had Maths and accounts in my curriculum as main subjects. Which of the above two courses will help me to get into pure finance industry as beginner.

    • AvatarDheeraj says

      Hi Nithin,

      If you are neutral, then CFA examination will make more sense given its broad reach and appeal. It covers diverse topics including corporate finance, accounting, portfolio management, fixed income, derivatives, quantitative analysis, economics etc.

      Thanks,
      Dheeraj

      • AvatarKushani jain says

        Hello dhiraj
        I have failed my ipcc attempt and now I am thinking for FRM or CFA.. My maths is not that strong.. For which one should o go for?

        • Dheeraj VaidyaDheeraj Vaidya says

          You could consider CFA. Please note that CFA still requires maths, just that you will need to give some extra time to this section.

  241. Avatarkaustubh saurkar says

    Respected Sir,

    I am working as assistant professor of economics. I have taught international finance and macroeconomics. I wish to take my carrier ahead in the field of finance.I have couple of questions for you regarding FRM Exam.
    1) Are there job openings after clearing Part I exam. so that i can enter into the field and start accumulating experience.
    2) Can part I exam be cleared with self study.
    I would be delighted to receive your valuable advice.
    Thank you!

    • AvatarDheeraj says

      Hello Kaustubh,

      Thanks for your note. The answer to both your questions is YES. You can look forward to clearing Level 1 and thereafter enter the risk management field. FRM exam can be cleared with self study – for a professor, this should not be a difficult exam :-)

      Thanks,
      Dheeraj

  242. Avatarkishore says

    Hi Dheeraj, thanks for ur patiance for the queries of people
    I am working as a manager in pvt bank , have almost 3 yrs exp in credit manager – cc and personal loans , want to have career growth and confused with cfa or frm , i am a electrical engg graduate and have exp in power plants , with my personal int in credit moved to banking later did pg in banking,what kind of exam is suitable for credit people

    • AvatarDheeraj says

      Hi Kishore, between the two exams – CFA or FRM, i think CFA suits more for credit managers. Credit managers are expected to look at the financial statements etc to evaluate the amount of loan eligibility. CFA discusses these concept of accounting and financial statement analysis.

      thanks,
      Dheeraj

  243. Avatarani says

    Sir i did bba in general management is frm or mba or cfa or cfp which programme is good??

    • AvatarDheeraj says

      Hi,

      What is your long term goal? You want to stay in finance? If yes, which field excites you most – Investment Banking, Risk Management, Portfolio Management etc? The answer lies in understanding what you like.

      Thanks,
      Dheeraj

  244. AvatarAvishek Anant says

    Hi sir,

    I am a b com graduate,currently working in state bank of Hyderabad as a dealer in treasury(forex).which course will be better for me cfa or frm.

    • AvatarDheeraj says

      HI Avishek,

      Both CFA and FRM cover Forex, however, i think Forex is covered in a bit more detail in FRM. What is your long term goal?

      Thanks,
      Dheeraj

  245. Avatarkiran says

    sir,
    I am 27 years old now. I discontinued my studies after 12th because of financial reasons. now i am planning to revive my career. i registered for Bcom distance course this year. I am planning to do FRM course. considering my age and qualification will i get the job after passing FRM course?

    • AvatarDheeraj says

      Hi Kiran,

      FRM is not a guarantee for a job. However, adding FRM will certainly make your resume attractive. What is your goal in life? You want to move into finance field only?

      Thanks,
      Dheeraj

  246. AvatarAlex says

    Dear Sir,

    I graduated with a Biochemistry degree on May 2015 and I am considering a change in career path into finance(portfolio managing etc.) Do you think applying for a master of finance degree and a CFA is a good start?

    Many thanks,
    Alex

    • AvatarDheeraj says

      Hi Alex,

      Masters in finance + CFA is a dream start! Go for it.

      All the best,
      Dheeraj

  247. AvatarHimi Nigam says

    Dear Dheeraj ji,

    I am post graduate in english literature but i have 7 years approx experience in accounts. I do not have accounts background. Is this CFA course beneficial to me.

    • AvatarDheeraj says

      Hello Himi,

      Are you looking for a career change to a Finance field. If yes, then are you looking for Corporate Finance and accounts kind of roles. If yes, then CFA will be beneficial.

      Thanks,
      Dheeraj

  248. Avatarsubham mallik says

    HII
    I presently pursuing IPCC with b.com and I am interested in entering the field of finance.I have decided to do CFA. I want to know that whether CFA course can be completed through self-study or I have to take coaching class for that.

    • AvatarDheeraj says

      Hi Subham,

      CFA can be completed through self-study. Some students prefer to take coaching so that they stay up to date due to “forced classes” :-)
      However, if you are self-motivated, then self study is more than sufficient.

      I was fortunate to pass CFA examination without any coaching.

      Thanks,
      Dheeraj

  249. Avatarsonam says

    i am currently in my last year of bcom(financial markets) and i have completed my cfp and currently working part time. i want to become a fund manager and i have a very keen interest in capital markets so would cfa add some extra weightage to my resume as i want to join pms in future

    • AvatarDheeraj says

      Hi Sonam,

      CFA will add lot of value to your resume. It will be great if you could take this exam at the earliest.

      thanks,
      Dheeraj

  250. AvatarKaushal Ojha says

    Hi Dheeraj,

    I really appreciate the work for this wonderful comparison of CFA and FRM. I m having working experience of 17 years in Banking(PSB) and that to 11 years in Credit including corporate Finance. Advise me which course will be better for me.

    • AvatarDheeraj says

      Hi Kaushal,

      Given your scope of work in Credit, i think CFA will suit you more. FRM is important for those who are into Risk Management stuff.

      Thanks,
      Dheeraj

  251. Avatarsubham mallik says

    Dear sir,
    I am subham Mallik and I am pursuing ca-inter and I am interested in doing CFA as I want to enter the finance sector. I know CFA is one of the toughest course.
    can self-study without coaching is enough to complete CFA or I have take coaching ??

    • AvatarDheeraj says

      Hi Shubham,

      CFA is easy and tough at the same time. It depends on how is your preparation. Given that you are pursing CA-Inter, you will not have any problems with most difficult areas like accounting. However, you may have to work a bit on the quant, derivatives and fixed income part a bit. CFA can be passed without any coaching. I did the same :-)

      Thanks,
      Dheeraj

  252. AvatarJeetendra says

    Sir, I have around 8 years of experience in retail banking. Presently working as Grade B officer in a public sector bank.I have done my graduation in electronics engineering and have done MBA in marketing after that. Please advise whether i should go for FRM for a career boost??

  253. AvatarSameer says

    I am CA inter. I am doing CIA now. I am purely into Internal Auditing field. Will FRM be of any help in further specialisation?

    • AvatarDheeraj says

      HI Sameer,

      Not sure how much FRM will add value to your current field. What are your long term goals – to stay in internal auditing?

      Thanks,
      Dheeraj

  254. Avatardaisy says

    hello sir
    i recently appeared in ca final exam and waiting for result. I want a career in finance and very much confused what should i do next. should i go for cfa or frm or any other option is available?
    i would really appreciate your advice.
    thank you

    • AvatarDheeraj says

      Hello Daisy,

      Given you have taken CA final examination, i think CFA is a natural extention (instead of FRM). I have seen that CA+CFA is a super combo for financial analyst kind of profile.

      thanks,
      Dheeraj

  255. AvatarAnkita says

    Hi Dheeraj,

    I did PGDM – Finance from an average college.
    Have 1.4 yr exp in a hedge fund administrator Co in fund accounting and Ops dept.
    Was not much satisfied with my PG.M looking for a better growth. Can I start with CFA keeping in mind my exp. Will it help in providing an enhanced career in finance since my post graduate was’nt of much help.Also would that impact my future growth opportunities?
    Can you also advice on Levels of CFA and if anything below CFA Level III will not help much??

    • AvatarDheeraj says

      Hi Ankita,

      Definitely, CFA can add lot of value if you are looking for finance career growth. Even if you clear CFA level 1, you can put that in your resume. This should help you get shortlisted for core finance roles.

      Thanks,
      Dheeraj

  256. AvatarLanre says

    Pls I need your Advance .. I ‘m a graduate of Banking and Finance . Without working experience. I will Like to specialize on Finance only. I Love all the topics taught on finance Like quantitative finance and calculation . I’m confuse it now and I did not know the best option for me maybe I should go for MSC , MBA or professional course . My dream is to become Financial Engineer . I Like Mathematical of Finance. Financial Engineering course in BSC and Msc not available in Nigeria university . Quantitative Finance is Available for MSC . Pls I need your advice and u can reply me back thru my E mail address. Lanryaroba@yahoo.com . God bless you

    • AvatarDheeraj says

      Hi Lanre,

      CFA does not discuss much on Quantitative Finance. FRM discusses some bits on Quantitative Finance. Given your limited options available in Nigeria on Quantitative Finance, I guess you may have a look at CQF (Certificate in Quantitative Finance – http://www.cqf.com/).

      Thanks,
      Dheeraj

  257. AvatarRahul Katta says

    HiDheeraj,

    I have MBA degree in marketing and working in Banking industry in Sales. I want to switch to Risk Management. Is it advisable to move from sales to Risk profile.?

    • AvatarDheeraj says

      Hi Rahul,

      How many years did you spend in the Sales Industry? I hope you do not want to make a switch due to challenges in the current job? If you are really interested in Risk Profile, then FRM will work well for you. Additionally, for finding a reasonable job in Risk Profile, you will also need to boost your resume with Risk management stuff and projects.

      Best,
      Dheeraj

  258. AvatarAravindan K says

    I completed btech and joined a scheduled private bank as probationary officer in 2013.Now I have nearly 3 year experience as assistant manager in banking.I have passed important certifications like Jaiib and caiib.Maintaining a good profile,I have been selected for abroad deputation for 2 years(1.5L per month CTC).Also I’m looking forward to be promoted as manager(scale 2) by 2016 end.But according to me growth is slow here and now I’m looking forward to do CFA,FRM or Msc in actuarial science for a career spurt.I don’t have a finance background even though I’m highly interested in Maths.I also have zero knowledge on these courses.I also don’t know whether it’s worth the shot since I’m doing very well in current job role. It would be very helpful if you let me know what is best for me with my current profile.

    • AvatarDheeraj says

      Hi Aravindan,

      I think you are doing very well for yourself. Grass seems to be greener on the other side :-)
      I think you should complete your deputation first and later look at upgrading your skills in Pure Banking domain. After your deputation, you can also look at switching job to some other bank that may provide you with growth opportunities. Unfortunately, CFA and FRM will not help you much in Banking Career.

      Thanks,
      Dheeraj

      • Avatarvipin garg says

        Hi Dheeraj. I am currently working in customer service role in American Express from last 2 years. My age is 27. I did MBA in marketing in 2011 and graduation in commerce in 2008. I know CFA/FRM would be a completly different domain for me to choose. If I choose any domain, whether CFA/FRM it will take atleast 2 years to complete and by that time I would be 29 or 30. Do you think, I would still have job opportunities at that time while having no prior experience in that domain and just certifications. Please guide.

  259. Avatarnarender says

    hi deeraj
    i am a bcom graduate in 1997 then due to some financial problems i join different firms after a span of 17year i realised a degree so i joined ca and this is my first year what course suits me as after completing ca i need a good break ,please do reply and guide me.
    thanks

    • AvatarDheeraj says

      Hello Narender, I think that you should keep focusing on completing your CA so that you can look for better avenues thereafter.
      Thanks,
      Dheeraj

  260. AvatarHARISH says

    Hii sir,
    After having work experience in Research analyst will that experience add to Frm?
    Thank you.

    • AvatarDheeraj says

      hello Harish,

      Are you working as an equity research analyst? If yes, then FRM may not add lot of value here!

      Thanks,
      Dheeraj

  261. Avatarjithendra kumar says

    hi deeraj , i am a ca final student, i am planning to do cfa as well , i heard we need work experience for cfa , and can work experience be overlapped with cfa preparation, i mean while preparing for cfa can we also work for required experience needed by course or should we have to work only after completing all three levels

    • AvatarDheeraj says

      Hi Jithendra,

      You can gain work experience while appearing for CFA examination.

      Thanks,
      Dheeraj

  262. AvatarSuresh says

    Engineer with 12+ years experience in the mining industry. Wanting to do a career switch to risk management. Is FRM an option or should I try more general risk management qualifications

    • AvatarDheeraj says

      Hi Suresh, given your background, i guess FRM makes more sense to start with.

      Thanks,
      Dheeraj

  263. AvatarNitin malusare says

    Hi Dhiraj,

    I have completed my M.A in economics also MBA in finance. Currently I have 2 years of working experience in Investment banking operations. Do you think I should opt for CFA or FRM ,which is more suitable for me focusing towards entering in to core investment banking.

    Thanks in advance appreciate your help.

    Nitin

    • AvatarDheeraj says

      Hi Nitin,

      I think CFA is a natural progression for making a career in Investment Banking.

      All the best,
      Dheeraj

  264. Avatarvinoth says

    Dear sir,

    I am MBA HR Holder, presently working in a public sector bank as Asst Manager. As i am interested to work with our bank’s treasury branch, will FRM completion adds up the weightage for the same.

    • AvatarDheeraj says

      Hi Vinoth,

      FRM will definitely add lot of weightage for seeking a career in Risk Management/Treasury. Along with your MBA, this certification will definitely help!

      all the best,
      Dheeraj

  265. AvatarChan says

    Hi, I work for a small private wealth management firm as a junior relationship manager (1 yr) having worked in Ops for 3 years. I have have done a bit of risk work developing the processes of the company and am interested in developing this side with a view to doing risk in a larger institution. Would you think FRM is the most suitable option for me? (I originally come from a military background 6 yrs so want to start adding some direction to my new career). Thanks

    • AvatarDheeraj says

      Hey Chan,

      Given your background and interest, i am sure FRM will add lot of value. Do take this exam asap!

      All the very best,
      Dheeraj

  266. Avataraddy says

    sir, please tell if we do not want to become the charter for FRM, still want to do the course then too 2 years of experience would be required.. as being a CA, you cannot become a member elsewhere, so if i want to do FRM, then what will be the steps if i do not want to do 2 years of work experience? and whether it will be of any worth ?

    • AvatarDheeraj says

      Hi Addy,

      If i understood your question, FRM Certified > FRM passed (without certification)?

      The answer is Yes, however, Does this make lot of difference in seeking job opportunities? My answer is NO. if you are looking for job opportunities and are looking for positions in Risk Management, then FRM pass is just enough!

      Thanks,
      Dheeraj

  267. Avatarmanish sharma says

    I cleared my ca final second group and now wants to pursue cfa program, please tell me all about this course, process, exam type and is 4 year working experience is necessary during or after cfa bcz I don’t have any working experience except article ship training, is cfa valuable in india also

  268. AvatarAmartya Ghosh Dastidar says

    hi Dheeraj,
    i am currrently pursuing MBA with Finanace Specialisation, my ultimate ambition is to become a fund manager so for that reason i am stydying MBA but i heard from various sources that i will require CFA for that job. IS it really required to do CFA for becoming a fund manager. I know that they dont really make you a fund manager from day one it comes after years of experience so what is the opening job i should start as a fresher to finally climb the ladder and reach that ultimate goal of becoming fund manager.

    • AvatarDheeraj says

      Hi Amartya,

      For becoming a fund manager, CFA is not a MUST! However, if you take CFA exam and become a CFA charterholder, the journey to become fund manager will become a bit easier due to two reasons –
      1. CFA curriculum covers portfolio management and this will help you gain deeper insights on the fund management side.
      2. CFA is widely respected among Finance professionals and hence, you will be considered for such roles if they come due this charter.

      Hope this helps,
      Dheeraj

  269. AvatarArshad Sattar says

    Hello Deeraj,
    I have 17 years of experience in Technology and last 6 years in Worker’s Remittances. I am CISA qualified (2006) & OCP (Oracle)(2000). Planning to take FRM exam. Do you think it will add value cause I have no educational background in finance?

    Regards,
    Arshad

    • AvatarDheeraj says

      Hello Arshad,

      With your significant experience in Technology and certifications, I have only one question – Are you interested in a job in Risk Management. FRM is all about risk management and all your previous experience will not be counted for such a profession.

      thanks,
      Dheeraj

  270. Avatarraj says

    Hello Sir
    I am currently working with JPM Chase as business analyst II in USA, I am looking for a course that will help me in my career I have done BBA back in India. During my search I came across FRM and CFA not sure which one will be best for me ,will you be able to guide me?
    will greatly appreciate your help
    thank you

    • AvatarDheeraj says

      Hi Raj,

      What is your interest area – Risk Management or Investment Banking. If Risk Management, then FRM is for you, else if you are keen in Corporate Finance/Investment Banking/Research in Equities, then take CFA exam.

      Thanks,
      Dheeraj

  271. AvatarRanjan Jha says

    Hello Sir
    Myself banking professional with more the eight years of experience in wholesale banking looking after export/import/foreign remittances/LC issuance and scrutiny,BG etc. I also have four years experience in AMC too and interested about financial market and I have done B.com,Post graduation diploma in banking and finance, MBA (distance learning-Banking and Finance,CAIIB,CTF,AMFI,IRDA certification too….this month I have appeared for CDCS examination too…..
    I was thinking about FRM since long, pls advise me whether doing CDCS,CITF,CSDG would be good and relevent for me or should I also go for FRM (whether its relevent for me)I thought about CFA too,but seems its little tough and required more time.
    Would also like to know what is the mimimum score required to clear FRM.

    Thanks
    Ranjan Jha

    • AvatarDheeraj says

      Hello Ranjan,

      Do you want to shift to Risk Management side of the Bank instead of what you have been doing for the past eight years. If your answer is YES, then only you should look at FRM, otherwise, FRM degree will be just a resume bullet point and will not add lot of value for your current profile. If your answer is NO, then CDCS,CITF,CSDG and likewise will make lot of sense.

      thanks,
      Dheeraj

  272. AvatarSenthil says

    What is the minimum qualification to write FRM exam ?
    same for PRM ?

  273. AvatarPankaj says

    Hi ,

    I am MBA and working as a Oracle Finance Functional COnsultant in top Indian IT company .I have 5 years of work experience after MBA . I want to change my job profile and wants to get into finance field will CFA or FRM can help me to achieve my goal . Please guide .

    • AvatarDheeraj says

      Hi Pankaj, Why do you want to change your profile? If you have a strong desire to get into finance field, then you must choose between Risk Management or Investment Banking profile. Take FRM is you are inclined towards FRM or else take CFA if you are deeply interested in Investment banking field. Here are some indepth guide that will help you understand both perspectives –
      CFA Exam
      FRM Exam
      Thanks,
      Dheeraj

      • AvatarPankaj says

        Hi ,

        Dheeraj thanks for the reply .The oracle role is not very interesting and growth is limited .I am more interested in risk management role .I am comparing FRM and PRM . How it is good to go for PRM ??

  274. AvatarKunal says

    Hi Deeraj,

    I am a BA graduate and completed Correspondence PG Diploma in Business Administration. My experience is as follows-

    1. Corporate pensions for 3 yrs.
    2. Derivative Trades – confirmations and Reconciliation – 6 yrs
    3. Currently working in Custodian bank managing Collateralised Debt Obligation Reconciliation.

    Since I am from finance background, I would like to know if FRM option is good for me, as I do have some working knowledge of Capital market, derivatives, money market etc.

    Appreciate your advise.

    Regards

    • AvatarKunal says

      Sorry Mistake – I am NOT from finance background, but still want to go for some additional qualification and certification in finance.

      Appreciate your advice.

      Regards

      • AvatarDheeraj says

        Hi Kunal,

        If you have working knowledge of derivatives, money market etc, then FRM option is great for you. Also, it may not be very difficult.

        Thanks,
        Dheeraj

  275. AvatarPARIDHI says

    Hii Sir,
    i will complete my graduation in June in accounting finance. I dropped ca as i was unable to clear it. i plan to appear for Frm next November. i had certain queries. i wanted to know will doing frm fetch me a good job in kolkata? As in a bcom with only an frm charter will have any value? Also, i intend to do my masters in commerce . will it add any value to my resume? As frm will take a year or so to complete, i then plan to prepare for my mba. do you think it is a feasible option. and whether mcom has any value in today’s market. looking forward to an early response. thanks.

    • AvatarDheeraj says

      Hi Paridhi,

      Thanks for your note. I think first you need to decide whether you want to do MCom or MBA. If you are looking from purely job perspective the best combination will be MBA + FRM.

      Thanks,
      Dheeraj

  276. Avatarfayaz says

    hi,
    can a 12th pass candidate pursue FRM course?

  277. AvatarArshad Sattar says

    Hello Dheeraj,

    I have 17 years of diversified experience in the field of Technology, IT Consultancy and recently (last 6 years) Worker’s Remittances for the mobilization of Worker’s Remittances through official channels

    As a Technology Consultant and CISA qualified (2006), I have designed IT policies and procedures, developed test cases for multiple platforms, evaluated systems for risk management & mitigation, gap analysis, and BCP/DRP including setting up IT audit function for a commercial bank.

    As a software engineer and Oracle Certified Professional (2000), designed, developed & implemented various business applications (Financial, Inventory Management) utilizing vast experience in different phases of Software Development Life Cycle.

    I am thinking about doing FRM certification for career progression but have no background of Finance or even Financial Risk. I am CISA qualified and have knowledge of technology risk & related issues.

    Do you think that FRM would add value to my career progression ?

    Thank you & regards,
    Arshad

    • AvatarDheeraj says

      Hi Arshad,

      Doing FRM can be of great value if you are auditing Banks and Finance companies. With your background in Technology, FRM will add value as it will leader to greater understanding from the Financial Risks points of view and will help you in doing your audit.

      Thanks,
      Dheeraj

  278. AvatarSaad Tambe says

    hi, just wanna know undergraduate are eligible for FRM exam or is it compulsary to be a graduate. what is the minimum qualification required?

    • AvatarDheeraj says

      Hi Saad,

      I don’t think there are any minimum qualifications required to take the exam. However, after clearing both the exams, you are required to have a minimum of two years of experience for the FRM charter.

      Thanks,
      Dheeraj

      • Avatarshail says

        Dear Sir,

        I am 35 years old, currently Asst Manager operations in bank of Baroda since 02 years. Previously I was in Indian Navy for 15 years.
        I have done BA English literature and MBA HR.
        My dream is to work as top notch professional in Risk management depts of Major financial companies or banks of the world.
        Sir, I am thinking to do if FRM Garp.
        My confusion s are:
        1) Is me late at this age of 35 to pursue program and even if I complete in age of 37, will this age be an obstacle in getting in entry into stanchart, citi, with FRM and bank of Baroda experience?
        2) Since I did arts and MBA HR, so will this program will be very tough?
        3) Please reply sir..

        • AvatarDheeraj says

          Hi Shail,

          I understand that you have a significant experience in non-risk domains. You may face some minor challenges but not like the ones you did in in Indian Navy :-) Please note that FRM is just a starting line towards risk management careers. Its a highly quantitative course. I was just curious to know if you really like Risk Management? Finding a job with your experience will be slightly difficult but not impossible.

          Thanks,
          Dheeraj

      • AvatarMel says

        Dear Dheeraj,
        i am an MBA and doing AMCT, have over 10years of corporate treasury experience. i want to take CFA or FRM next year. i am not interested in working for banks and more inclined towards consultancy.i am not sure what should i opt for.i am already 37 and dont know what potions do i have.In corporate treasuries i have mainly dealt with Cash management and bit of Financing and Risk Management.

        Kind Regards

        • AvatarDheeraj says

          Hi Mel,

          Give your experience in Corporate Treasury and Risk Managemetn, I think FRM will suit you more and add weight to your resume.

          All the very best,
          Dheeraj

  279. AvatarNiharika says

    Dear Mr. Dheeraj

    Thank u so much for the valuable information.
    i passed bcom in 2011 with finance and accounts as my main subjects and have been pursuing CA alongside. all went well but i got stuck in ca finals inspite of several attempts. i have already lost few precious years of my life and being a girl i don have much time. so wich course in finance would give me a professional degree in a short span of time? please guide…

    • AvatarDheeraj says

      Hi Niharika,

      Dont’ worry on the CA final thing as you are already well qualified for a reasearch job. However, following things will help you additionally to make your resume a bit stronger –
      1. Appear with CFA exam 1
      2. Learn Financial Modeling – you can choose from two options 1) Financial Modeling in Excel 2) Investment Banking Course

      With the two above, your resume will be good enough to be considered for IB and Research profiles.

      Hope it helps.
      Dheeraj

  280. Avatarfayaz says

    sir,
    can you please tell me what is the minimum educational qualification to pursue FRM COURSE? I am 12th pass,am i eligible to pursue FRM course?

    • AvatarDheeraj says

      Hi Fayaz,

      As a 12th pass you can take the FRM examination. However, after passing the examination, you are required to have atleast 2 years of experience to get the FRM charter.

      Thanks,
      Dheeraj

      • Avatarfayaz says

        thank you for kind reply.

  281. Avatarmalek khrissat says

    hello Dheeraj
    i have a work in experince in banking sector for 4 years till now and i am having my MSC in finance
    which is the suitable certificate to have that have a combination between accounting and finance
    i love subject such as cost accounting and mangerial also , investment decision and budgeting and financial planning i dont really like repeated daily accounting entry , also financial analysis ,
    can you help me please

    my thank’s

    • Avatarmalek khrissat says

      Financial analysis is from the subject i love **

      • AvatarDheeraj says

        Cool! Why don’t you learn Financial modeling to enhance your financial analysis skillset.

    • AvatarDheeraj says

      Hi Malek,

      With your background and interest, i think the best suited for you would be CFA examination as it focuses on Corporate Finance, Portfolio Management, accounting and many other IB and research related topics. I am sure you will like it.

      Best,
      Dheeraj

  282. AvatarIkuomola Olumide says

    Hello Dheeraj,

    I am a Chartered Accountant (ACCA) with about 5 years experience in auditing. I left auditing to join a top bank in my country as a Credit Analyst. I want to add more qualification to my resume and would love your advice on taking either CFA or FRM. I want to pursue a career in Risk Management but I also do not want to forget my accounting roots.

    • AvatarDheeraj says

      Hi Ikuomola,

      If you are keen on making a career in Risk Management, then i think FRM is best suited. I am sure your current role as a Credit Analyst already ensures that you make good use of accounting fundamentals.

      All the very best,
      Dheeraj

  283. Avatarvinay says

    Hello Dheeraj,

    First of all thank you a lot for the above information. However I have been working for Middle office. Basically reconciliation and Settlements for past 8years.I’m a Science graduate. I’m Confused as to which should be my preference as to CFA or FRM? Please help in me having clarity.

    • AvatarDheeraj says

      Hi Vinay, what do you want to look forward to in the future – investment banking, research, risk management or you may want to stay in the similar job profile. If you want to grow in current field, then i don’t think CFA or FRM would be advisable. Instead, you may want to look at claritas examination by CFA Institute.

      Best,
      Dheeraj

      • Avatarvinay says

        Thank you for your input.My inclination is towards research and analysis or consulting.My biggest worry is will I be able to get break through after 8 years in operations.This is what has put me into a fix as to decide between the two.

  284. Avatarkanika pankhiya says

    Hello sir,I am pursuing chartered accountancy currently n I want to build up my career in the field of finance. I had maths as my subject in 10+2. So I would like to seek your advice which course should I take CFA or FRM n one more thing which one is paid more? N how much time will it take if I want to do both of them??

    • AvatarDheeraj says

      Hi Kanika,

      If you are purusing CA, then you will find CFA relatively easier as compared to FRM. CFA generally takes 2-3 years and FRM can be completed within an year as well.
      CFA charter holders generally have a broader job profile – IB, Equity Research, Portfolio management etc, while FRM will enable you for careers in risk management. I do not have a pay-scale comparison to share with you in general at this stage.

      Based on your background, i guess CFA will suit you more.

      Thanks,
      Dheeraj

  285. AvatarAradhna says

    Hi Dheeraj

    I’m a software developer and work for a credit bureau and am really interested in doing the FRM certification. How do you see the certification benefiting a developer as I am looking for company support of the studies so need to motivate how it will fit in with my line of work, and the company as a whole. I don’t intend on being a developer forever, but for now since I am one, I need the right reasoning for wanting to do the FRM.

    • AvatarDheeraj says

      Hi Aradhna,

      The best reason for you to take FRM would be increased Finance and Risk domain knowledge. This will help you as a developer as you will see things in totality and not in isolated codes and of course. I guess it will help you with questions related to “why you are coding” rather than just “how to code”.

      Hope this helps.

      Best,
      Dheeraj

  286. Avatarsally says

    I have read all the comparison up there , thank u it’s useful ,but my problem is that I don’t have a financial back ground .
    i have studied English language and literature and the opportunity took me to the banking industry and then in order to get on the success ladder I took the Foundation of Banking Risk from GARP but still i need more to get the banking well , and i really can’t set my mind, for I don’t want to start something and then fail . please your advice … can I pass the FRM without this background??
    can i success?

    Post Comment »

  287. Avatarsally says

    I have read all the comparison up there , thank u it’s useful ,but my problem is that I don’t have a financial back ground .
    i have studied English language and literature and the opportunity took me to the banking industry and then in order to get on the success ladder I took the Foundation of Banking Risk from GARP but still i need more to get the banking well , and i really can’t set my mind, for I don’t want to start something and then fail . please your advice … can I pass the FRM without this background??
    can i success?

    • Dheeraj VaidyaDheeraj Vaidya says

      Yes Sally, you can and you will pass. If you are willing to put in sincere efforts, you will definitely pass this FRM exam.

  288. AvatarTushar Srivastava says

    Hello Sir, thanks for your advice, I am a Chartered Accountant and working as a relationship manager – Business loans in a reputed bank for last 8 months. I want to make my career in finance but not in a role which requires sales or attracting clients etc. I want to make a career in field which requires analysis and consulting. I am good in quantitative analysis also.

    Please guide whether CFA of FRM, which will be more suitable for me.

    • AvatarDheeraj says

      Hi Tushar,

      Your CA background is best suited for analysis and consulting roles. In this case, CFA is suitable and you must try to take level 1 asap.

      All the best,
      Dheeraj

  289. AvatarKinjal Shah says

    Hi,
    I am still an undergraduate pursuing the course of Bachelorr’s in Financial Markets(3 years course)
    I want to pursure MBA from USA and I am aware about the 12+4 criteria and that they give preferance to people with work experince.
    I would like to know if the FRM course can be considered as the +1 education that I require and I will get 2 years work experince as well.
    Or is the option of doing double MBA better?

    • Dheeraj VaidyaDheeraj Vaidya says

      Hi Kinjal, I am not sure if FRM can provide you with +1 education. Double MBA is also a bit too much in terms of time taken and money involved.

  290. AvatarKrishna sarkar says

    Sir,

    Read the article, gives a complete understanding of the courses!

    I am a Software Engineer by profession and currently working in an invest bank (capital markets, mostly equities) in technology side. However, I plan to venture into the finance domain and advance my career in finance.Where should i start at? Should i pursue a MBA in india or go for more niche certifications like CFA or FRM. To add, I do not have any finance background as of now, Apart from the bits and pieces i catch up while working with traders and brokers in the bank.

  291. Avatarnikhil says

    hello sir,
    I am currently a MBA student and looking forward for Frm or CFA any one of this course and I am from maths background and have a good knowledge of spot and derivatives market..for which course should I go for??
    thanks in advance..!

  292. AvatarAyushi Jain says

    hey dhiraj,

    i have completed my CA n nw want to pursue CFA but m confused should i wait till i get job in the finance dept or start preparing for coming june exams.ryt now i dnt have much knowledge in finance section but still wan to get into it as there are lot of career opportunities in finance field and me too also developing interest in finance..

  293. AvatarSREEKANTH says

    Dear Sir,

    Iam working in share broking firm as branch manager 15 year experience ,i PASSED AMFI ,INVESTMENT PORTFOIO ,RISK MANGEMENT.AND EQUITY RESERACH EXAM IN NCFM ,MY CURRENT AGE 39 ,IF I DOING CFA ANY JOB OPPORTUNITIES THIS AGE

    • AvatarDheeraj says

      Hi Sreekanth, not sure what is your long term goals? I am assuming that as a branch manager in share broking firm, you are more into the advisory roles/portfolio management. It may be a bit tough to look for opportunities that involve hard-core analysis (like in Equity Research, Investment Banking) with your depth of experience. CFA primarily prepares students for research based roles.
      Thanks,
      Dheeraj

  294. AvatarSoumyashree Mall says

    Hi… I am a banking service professional and I have an experience of above 5 yrs in the field of credit management which involves sales,appraisal and operational aspects of assets based product in the bank. Please guide me whether FRM will be suitable for me or should I opt for CFA.

    • AvatarDheeraj says

      Hi Soumyashree,
      This is an interesting question. Does your work involve analyzing companies, forecasting cash flows, debt profile etc to understand the repayment capabilities. If yes, then CFA is exam that you should look forward to. FRM is suitable for people who would like to go into risk managemet aspects of the bank.
      Hope this helps,
      Dheeraj

  295. AvatarVarun says

    Hi Dheeraj,

    I am a Software Engineer by profession and am planning to do my MBA in Financial markets and Analysis after around 3 years of work exp. My concern is that if I only do CFA, without work exp in a finance sector I would not get a job in this field. So while working full time should I get my CFA certifications or MBA alone would be sufficient. I am confused between MBA or CFA or Both.

    • AvatarDheeraj says

      Hi Varun,

      the best would be a CFA+MBA combination. If you can take CFA along with your job, then it will not only help you with your MBA but will also help you get shortlisted in Investment Banking kind of roles.

      Thanks,
      Dheeraj

  296. AvatarTilak Salian says

    i have completed my graduation in “Bcom Banking And Insurance”.. and now working in an company.. but i want to make career in finance.. kindly guide me…. what will be better.. CFA or CFP or FRM..

  297. AvatarVeee says

    I am in my mid thirties(I hope it isn’t too late to start a new career at this age) and have over 10 years commercial banking experience, of which all was spent in marketing. I am preparing for CFA Level 1 as I would like to venture into core finance, and thinking of specializing in Derivatives as it is an emerging area in my country.

    Please me on my area of specialization and my age.

    Thank you

  298. Avatarpramod shankaran says

    Hey am currently studying masters in finance. Am confused on what to do in future. Accounts isn’t great and I seriously have no idea waht to do. CFA FRM Actuary all 3 are my options just don’t know which field would be good for me.

  299. AvatarJeevan says

    Hi sir,

    Am working in Bank presently am looking after credit section. Which one should i prefer CFA or FRM according to my experience.

  300. Avatarmeet says

    Sir i qualified cs n doin ca final..
    confused between CMA US AND CIA US.
    kindly help me which course should be beneficial and align with my degree.

  301. AvatarArif ansari says

    Hello sir,
    I am in final year of my Graduation(B.COM) and I want to pursue MBA in finance but due to financial problem I am unable to spend huge money on my study.
    I am willingly to work in finance world as an investment banker.
    Will CFA help me to becoming an Investment banker

    Thanking

  302. Avatarkunal landge says

    Hi
    I am working in a india’s central bank since past 4yrs, i hav done mba in finance. I want to swich the job from public to private. M work experience with current role is not that great. I an confused btwn cfa and frm. I want to complete frm and want to get a job in private aextor.how frm is sufficient to ensure a job and how much time required to pass the same. Kindly gguide.
    Thanks

  303. AvatarNARENDRA says

    Hi, im 40 years old ,working in a bank for the past 15 years and experienced in the areas of retail lending , branch operations and forex dealer in bank treasury environment. As forex dealer i have worked for around 5 years. which course is good for me at this juncture, CFA or FRM?

    • AvatarDheeraj says

      Hi Narendra,

      Given your background, FRM will make more sense.

      Thanks,
      Dheeraj

  304. AvatarAthanas says

    Hie Dheeraj,
    Thank you for the valuable information . I hold a honors financial engineering and maths degree however my career experience is in project finance field and which i which i have passion for and would like advance in that field.My background would imply that i go for FRM but most project finance positions(probably in South Africa) require CFA.

    What are my chances holding FRM for a project finance position?

    Many Thanks

    • AvatarDheeraj says

      Hi Athanas,

      Most project finance positions do require CFA as they cover corporate finance exhaustively. FRM is remotely related to project finance. FRM only provides you with a resume bullet point in this context.

      thanks,
      Dheeraj

  305. AvatarVISHAL says

    Hello Sir,

    Thanks for your valuable comparison between these two courses. It really helped me alot and cleared many queries.

    Well i have done MBA and have 4 years of experience in finance field. Now as i get time while working i am thinking of taking admission to one of them. In future i want to do career in Investment bank. Can you please advise which course should i opt for.

    Thanks in Advance

    Regards,

    Vishal

    • AvatarDheeraj says

      Hi Vishal,

      If you want to make a career in Investment Banking, then you should opt for CFA examination instead of FRM.

      thanks,
      Dheeraj

  306. AvatarCharnita Kaur says

    Hi Dheeraj,
    I graduated this year in btech computer science. But I have more interest in finance. I read about these exams but I don’t know how will they fit in my profile.
    I want a career in finance. So what should be my first step?
    Should I take any of these exams or do a masters in Finance or an MBA. I am a fresher with no work experience. So what should be my first step towards a career in Finance.
    I have read some articles and I’m interested in risk management and quantitative analysis.
    Please help sir.
    Thank you.

    • AvatarDheeraj says

      Hello Charnita,

      I understand that you want to make a career in finance, especially in risk management and quants. The best way to take this ahead is to enroll for FRM examination. Also, you can do MBA along with it, then it will be great!

  307. Avatarnishant says

    dear guide thanks in advance i am engg in EC but my interest in finance sector as i am also physically challenged having polio in right leg, having little knowledge of stock market which course is better for me i am confused b/w CFA,FRM,CFP,PRM,CFT, and is any institute in India will help me in these course.

    thanks

    • AvatarDheeraj says

      Hello Nishant, I understand that you have interest in Finance sector, however, it is important for you to narrow down your choices as finance itself is a vast field. I suggest that you go through some of the articles here on CFA, FRM, PRM and let me know if you are able to pin-point any specific field. I should be able to help you then.

      Best,
      Dheeraj

      • Avatarsankalp says

        Hi dheeraj,i have done my graduatin from science background and my PG from MBA finance stream after that it’s been 4 yrs that i am working in a reputed bank nower days i am thinking to enhance my skills by opting course for CFA or FRM,my problem is that my accountancy basics are not clear due to background,pls guide me how should i procede.

    • Avatarsonali more says

      Hello Sir, I have completed my BCOM in 2012 correspondencely .I want to make my career in finance and want to do MBA in Finance or CFA. What kind of job will help me and how to get job as I don’t have any finance exp..,please do reply thank you.

      • AvatarDheeraj says

        Hi Sonali, since you have taken B.Com as a correspondence, are you planning to take a regular MBA. If yes, then MBA finance will make more sense from the job point of view.
        Thanks,
        Dheeraj

  308. AvatarSanjai Kumar says

    Hi, I am a fresh graduate of BS(Actuarial Science and Risk Management), I have my interest in Risk Management more than Actuarial science, Please guide me on Risk Management side. I want to do FRM, but something else along with this too, I mean, I want to go deep in Risk Management, I don’t want to stop at FRM only. I don’t know what else to do. I am not interested in financial statements and accounting and all this so I don’t like CFA much. Please guide me on this. Is it necessary for me to go for CFA along with FRM.?

  309. Avatarashish says

    I am treasury Dealer since last 8 years, have done MCOM, MBA, CMA (US). Now i am confused between CFA and FRM. I am looking for one of these for Job prospective in Canada and USA…

  310. AvatarVishal says

    Hi Dheeraj,
    I am a b.com graduate and now currently working in KPO (back office) for fixed income settlements process. I do not have much knowledge of finance but I am thinking to study further. I am good in accounts but not in maths. Please advice me the better option CFA or FRM.

  311. AvatarDipen waghela says

    Hello dheerah,
    I am currently in syBFM(Financial Markets) i want to make a hardcore career in investment banking. I read most of your comments. I agree cfa is anyday better then frm. My question is i can give frm level 1 when i’ll be in tyBFM. So it might get me good job. I belong to poor middle class family. I cant opt of cfa soon. So is it okay to give frm and cfa too? Will it be helpful. If not frm which other course can i opt for in this 1year span? please answer

  312. AvatarTanmoy says

    Hi Dheeraj,

    Thanks for the excellent article. Need your guidance as am a bit confused.
    I have done B.E. & thereafter MBA (Finance). Currently working as a BA in an IT company. I am into Banking (BA) and that too in Corporate Banking predominantly in Trade Finance. Along with that also have a adequate knowledge in Corporate Loans, Loan origination and Syndication.

    With this background, can you kindly guide me which would be good for me : CFA or FRM or PRM.

    Thanks in advance.

  313. AvatarDARSHIT SHAH says

    Hie Dheeraj,

    I m just a graduate(in accounting and finance) and have opted for a certificate course of Banking,
    and m confused to select in CFA OR FRM
    i wish to expand my dad’s business(Financial Advisory)

    Should i Opt for one ?
    or should i opt for some other degree?

    • AvatarDheeraj says

      If you are looking for making a career in financial advisory, then CFA or FRM will be of very little use. In such case, you can opt for CFP examination.

      thanks,
      Dheeraj

  314. AvatarSonal says

    Hello Dheeraj,
    I am currently pursuing MBA from a leading management institute. I have recently cleared FRM level 1 and and on to level 2 in December.
    While studying my courses in finance in second year MBA, I have discovered that I really enjoy subjects like Quantitative Finance, Fixed Income markets, Derivatives & Risk Management but subjects related to usng financial statements like Corporate Valuation, M&A and Financial Statement Analysis do not interest me a lot.
    Is there any suitable job profile in leading investment banks and hedge funds where I do not have to deal with balance sheets and financial statements day long? I agree some knowledge of this is necessary for anyone in a finance career but I do not want to make it a daylong affair for myself. I am rather more interested in quantitative aspects of finance. Please advice.

    • AvatarDheeraj says

      Hi Sonal,

      In most Hedge fund & Investment Banks, there is a risk management department that manages, hedges and advises on different types of Risk assumed. Your background in FRM and interest in Quantitative finance is well suited for the same.

      Thanks,
      Dheeraj

  315. AvatarRichard says

    Dheeraj – this is all very helpful. Thank you for your efforts.

    Although I majored in Finance and have been in banking my entire career I am not mathematically inclined. Your analysis seems to indicate the FRM is math-oriented than the CFA. Is that correct?

  316. AvatarTanvir says

    Hi Dheeraj,

    I am a Business Analyst in an IT firm working in the Investment Services division. In my case, what shd I opt for?? FRM or CFA??

  317. AvatarVardhan says

    I am chartered accountant
    Which course is more suitable to me.
    CFA OR FRM..?

    • AvatarDheeraj says

      Hi Vardhan,
      Which profile are you interested in – Investment Banking or Risk Management? Traditionally, Chartered accountants have preferred CFA over FRM as they are able to make good use of thier accounting knowledge in Investment Banking industry. However, FRM is quantative in nature and does not require accounting knowledge.
      thanks,
      Dheeraj

  318. Avatarpavan says

    thnk u sir for ur kind information.

    • AvatarDheeraj says

      thanks Pavan. its my pleasure :-)

  319. AvatarBhaljit says

    Hi,

    I just wanted to gain your opinion on suitable course. I am in compliance and work for the regulator. However I’m moving into consultancy. Regulatory consultancy also overlaps with risk management. But more holistic than quantitative, so I’m unsure of the suitability of FRM. I think CFA may be better as it provides the broad view of finance. Which can increase the scope of consultancy I engage in. i.e. investment consultancy/ corporate finance consultancy; wholesale consultancy etc etc…

    What do you think?
    Thank you

  320. AvatarAsmi says

    Hi

    Can you tell me if it is worth to pursue FRM given a non financial modelling background, my work experience is on the finance process transformation(5 years+). However, I am certainly interested to move to Core Finance profile. Can this help me get an opportunity as I am afraid that any employer might not be very agreeable to hire an experienced personnel with non relevant experience.

    Asmi

  321. AvatarAsmi says

    Hi

    Can you tell me if it is worth to pursue FRM given a non financial modelling background, my work experience is on the finance process transformation(5 years+). However, I am certainly interested to move to Core Finance profile. Can this help me get an opportunity as I am afraid that any employer might not be very agreeable to hire an experienced personnel with non relevant experience.

    Venus

  322. Avatarshreyash says

    I am Trader and would like to know whether CFA or FRM would be much better choice if I wish to pursue into VC or IB later on in future…also which one of the above would help more into Equity trading/ Trader.

    • AvatarDheeraj says

      Hi Shreyash, for a job as a trader, i guess FRM will make more sense as it will help you get some good understanding on calculating risks and taking positions. However, if you wish to make a career as a VC or move in Investment Banking, then CFA will make more sense.

  323. AvatarAditi says

    Dear Sir,
    Your article is very helpful but i want to ask my query .
    I am a CMA and working in a company in Mumbai from past 6 months. I have done M.Com. Finance and management accounting are my core interests of work. I want to do FRM as i want to study risk management specifically which would be helpful in corporate risk management. And i have studied most of the cfa part in our professional course of CMA. Is FRM suitable for me?? Does it hold value in india? Iam not interested in investment banking, that’s why i dont want to do CFA.

  324. AvatarGarvit Bhola says

    Hi

    is there any financial modelling course just like CFA which will cost me less and also will add value to my resume ?

    Thanks

  325. AvatarAkansha Mittal says

    Hello, thank you for wonderful clarification about cfa and FRM, I have an query. Am a Company secretary by profession and my current working profile is for legal & Secretarial and i want to do CFA, so is its right decision to get entered into it, is their is opportunity for CFA in India ? and my profile is so differ and i have huge interest in investment banking. And pursuing CFA altogether with job is possible with versatile working profile, please give some guidance.

    Thank You.

  326. AvatarAfzal Malik says

    Hei,
    I have rich banking background with 11 years of experiance in credit and marketing. I have done my MBA in 2002. and now i want to start my studies again. I heared about FRM and CFA as well.I need your opinion based on my credit background that what is more feasible option for me? either to go for CFA or FRM. which one is more easier and beneficial for me to do.

  327. AvatarBhavesh says

    Hi Deeraj,

    Appreciate your work in guiding us to choose the right field.

    I have one question i have completed my BFA and recently started working in one of the KPO.

    My profile is to process the forms of the transaction made by the end user , bank to bank transaction etc.

    Can you please help me in opting the right field.. I m open for both the Courses (CFA and FRM), but i have very limited knowledge about the market opportunity.

    Which Course will have maximum job opportunity.

    thanks in advance

    • AvatarDheeraj says

      Hello Bhavesh,

      I guess in general market opportunity for CFA is more as compared to FRM. CFA makes you eligible for broad areas like Investment Banking, Corporate Finance, Portfolio Management etc. FRM is specific towards managing Risks in Banks etc.

      All the very Best,
      Dheeraj

  328. AvatarAnkit Singhal says

    Good Morning Dheeraj Sir,
    I have been reading your comments and I must say that you are doing a great job.
    My background- B.A(H) Maths, M.Sc Maths, MBA Finance.
    Now I have developed keen interest in finance and have upgraded my skills for financial modelling, valuation etc. Firstly I am facing difficulty in finding a job like financial Analyst. Also I am thinking on preparing for CFA exams as well..I need guidance….

  329. AvatarSenthil says

    hELLO,

    I HAVE COMPLETED 3 PAPERS IN ACTUARIAL CAN I STUDY FOR CFA OR FRM. I HAVE A INTEREST TO BE AS A FINANCIAL ANALYST

    • AvatarDheeraj says

      Hey Senthil, What do you want to become – Investment Banking Analyst or Risk Analyst? If you are looking forward to Investment Banking, then you should go for CFA.
      Thanks,
      Dheeraj

  330. AvatarSenthil says

    Hello,
    I have completed 3 papers in Actuarial Examination. Can I go with CFA. Will CFA rise my financial opportunity.

    • AvatarDheeraj says

      Hey Senthil, What do you want to become – Investment Banking Analyst or Risk Analyst? If you are looking forward to Investment Banking, then you should go for CFA. CFA may increase your salaries. Do have a look at this article CFA vs MBA
      Thanks,
      Dheeraj

      • AvatarAnand Mishra says

        You did not reply to me, why?

        • AvatarDheeraj says

          Hello Anand, i guess i didn’t receive your comment. Can you please let me know your question again.
          thanks,
          Dheeraj

          • AvatarAnand Mishra says

            Dear Dheeraj,

            My background: B. Com / PG – Finance Management.

            Well, I am facing lot of difficulty in pursuing FRM, I am keen but not actually falling in right zone of confidence.

            I already completed 90 Hours of study approx. read 50% of Kaplan material and heard all of videos of EduPristine. I am able to mark 60%-80% questions appearing at end of each chapter of Kaplan. But still when I go through the questions of Edupristine my ratio falls terribly.

            As you have cleared it please let me know the right strategy to clear it.

      • Avatarsomalika singh says

        Hi Dheeraj,
        I have completed my CA in nov 2012 and since then i have been working in a bank in credit audit department. I wanted to pursue FRM as tresury and risk profile fascinates me alot. But above u have written FRM should be done by people with maths background. But my maths is not that great. As in i was a very average student in school time in this particular subject else i was realy good. Can u plz tel now what would u recommend?

  331. AvatarDevashree says

    Hi Dheeraj,
    I am a fresher CA and am interested to make a career in Banking. FRM or MBA Finance which one would be more suitable? Or is there any other course which u would recommend

    • AvatarDheeraj says

      Hi Devashree, what is your interest areas? Since you are a CA i am assuming that you like Finance.. within Finance – Portfolio Management, Investment Banking, Stock Markets etc?

  332. AvatarRaghvendra Kumar says

    Dear Sir,

    I am working in Karvy Stock Broking Ltd. as Equity Adviser and handling client’s portfolios. I have done MBA in Finance. Should I go for CFA?? Will CFA help me in my career??

    Regards,
    Raghvendra

    • AvatarDheeraj says

      Hi Raghvendra, CFA will surely help you a lot in your career. Just go for it!
      All the very best,
      Dheeraj

  333. AvatarTamanna says

    Hi Dheeraj

    I hv done MBA in finance and marketing. Now I m working in accentuers on a micro finance project. What should i do FRM or CFA?? Which one would be more beneficial for me?

    Thanks

    Regards
    Tamanna rathore

    • AvatarDheeraj says

      HI Tamanna, which field are you interested in – Investment Management/Investment Banking or Risk Management. Your answer of FRM or CFA totally depends on your interests.

      Thanks,
      Dheeraj

  334. AvatarTamanna says

    Hi Dheeraj

    I hv done my MBA in Finance and Marketing. Now I am working in Accentuers on a micro finance project. what should I do FRM or CFA? What would be more beneficial?

    Thanks.

    Regards,
    Tamanna Rathore.

  335. AvatarKunal Shah says

    can i do both CFA and FRM? I just graduated from 12th standard. i wanted to give now only if i can as i have a lot of time.

    • AvatarDheeraj says

      Yes ofcourse KUna, you can do both the CFA and FRM. However, you should start with the one where you have real interest.

      Best,
      Dheeraj

  336. AvatarMani says

    Can you please tell me that out of these where insurance domain falls and where I would be benefited more as Currently m working in insurance domain in IT firm

  337. AvatarSaurabh says

    I am working in Insurancedomain in an IT firm.
    I have done MBA in finance. I am not sure where Insurance falls in CFA/FRM.
    Please advise which one would be better in CFA/FRM for my career.

    • AvatarDheeraj says

      Hi Saurabh,

      Insurance is not found in either the CFA or the FRM. Since, your MBA Finance, you need to decide which field is of interest for you – either Risk Management or Investment Management? If it is Risk Management, then go for FRM and if it is Investment Management/Investment Banking, opt for CFA. In either case, your previous experience of insurance in IT field may not be helpful.

      Thanks,
      Dheeraj

  338. AvatarPramod says

    Thank you Dheeraj for such a detailed analysis.
    My questions is about salary.
    In general who gets more salary? A CFA or a FRM holder.

    • AvatarDheeraj says

      A very tricky question :-) Not much idea into salaries as both are completely different exams and career paths. In both the fields, one can get an excellent future and ofcourse salaries. The key thing is what do you like – Investment Banking or Risk Management?

  339. AvatarZolani says

    I am an Acca student and currently holding a treasury dealing certification. I am looking to move towards the Treasury dealing role within banking.
    Which would be the most appropriate qualification to pursue after ACCA…CFA or FRM

    • AvatarDheeraj says

      Hello Zolani,

      If you are looking for a role as a Treasury Dealer (that requires Risk Management Skills etc), the best suited would be FRM.

      Best,
      Dheeraj

  340. AvatarTanish says

    Good Morning Dheeraj Sir, i have just completed my HSC examination and about to start my CA Course. According to you what degree Course is more suited for me (Bcom/BAF/BFM) to do alongwith CA?

    • AvatarDheeraj says

      Hello Tanish,

      What areas interest you in finance? I am presuming that you are interested in accounting related roles as you are starting CA course.

      Thanks,
      Dheeraj

  341. AvatarTanish says

    Hi Dheeraj i have just completed my HSC examination and about to star my CA Course. According to you what degree Course is best to do with CA?

  342. Avatarpkdash says

    Hi Dheeraj,
    Read this of your blog for the first time and it is a great comparision.
    My background : Working as a IT project manager for last 15+ yrs and doesn’t have any finance background NOR I am an MBA.

    I have a natural inclination towards a career in Finance and doing some sort of study for last few years. You think it is a doability for me to choose a career in Finance by taking FRM/PRM and CFA ? OR it is too late for me to swithc career after so many years in IT.
    Appreciate your communication in my email Id.

    • AvatarDheeraj says

      Hi, since the Finance field is relatively vast, can you please advise which areas interest you most in Finance. CFA, PRM or FRM would depend on your interest areas.

      Thanks,
      Dheeraj

  343. AvatarNarasimhan says

    Hi Dheeraj,

    Thank you so much for the valuable inputs. I am a Commerce grad and I have 8 years of work experience in Treasury Domain (IT industry) as a Business Analyst. It would be grateful of you if you can help me to decide between CFA or FRM.I have a good accounting knowledge so I thought CFA is the right choice but however, when it comes to build my career, I am little confused.

    Awaiting for your expert opinion.

    Thanks,
    Narasimhan

    • AvatarDheeraj says

      You are right Narasimhan, based on your background in Treasury + good knowledge of accounting, you can opt for CFA!

      Just go for it.

      All the very Best,
      Dheeraj

  344. AvatarAshish says

    Hello sir,
    I am an Engineering graduate and have been for around 7 years now and have done PGDM in marketing but I still work as Design engineer. I want to pursue career in Project finance and Risk management. What would be the apt course for me. Also will my previous experience will be a hindrance for getting into Finance industry. And also hoow FRM differs with Actuarial science.

  345. Avatarmary says

    Hello Sir,

    I would like to know if the learning material to prepare the FRM doesn’t exist in french ?

    Thank you !

    Mary

  346. AvatarVivek Anand Shah says

    Hi Dheeraj
    I am doing MBA from Pune University and just finished my first year. I am a bit confused on whether to go for a job or start my own business . I enrolled to FRM and will take both parts at a time (Nov 21). The reason for being worried about the job thing is that I am not sure of the financial world. And now it’s too hard to get placed in a good company right from the start. I am 22 now. Just worried about myself. I am very serious for my November attempt of FRM and I am almost done with my first part’s syllabus. Planning for CFA too. Please guide me here, What will be the job security in future (long term) for CFA and FRM holders.

  347. AvatarSUSHANT SHRIVASTAVA says

    Hello Sir,

    I’m working as a Assistant Manager in bank, handling advances. Weather I’m eligible for FRM or not???
    or I specifically need risk management experience ??

    Thank You

  348. Avatarprashant prasad says

    I am an enginering graduate computer science then MBA in banking and finance.
    I am working with top private bank as credit manager.
    Which course should I go with CFA or FRM???

  349. AvatarSid says

    Hi Dheeraj,

    I am a btech in IT and currently working in a MNC on ORACLE ERP finance modules…I wanted to enter into core finance sectors like investment banking….which exam and what mindset gonna help me to crack a good job in investment banking sector.

    Thanks in advance.

    Regards,
    Sid

  350. AvatarSHYAM SUNDER SHAH says

    i m truly relieved and boosted after reading your post and felt my confusion about opting for CFA and FRM …. however i have a query that after doing CA would it be right to opt for CFA? PLEASE ADVISE…..

  351. Avataranubha says

    hi…i am an mba finance and having work ex of 8 years in credit analysis in sme department in indian bank..kindly advise that for what higher studies i shall opt for..i am confused between cfa and frm..

  352. AvatarRitzy says

    Hello,
    The assessment was really nice. But i am still not clear for what to choose as my current situation.
    I graduated this year in Engineering, but i want to take a career in Finance. Which one should i choose and what factors i should consider? Whatever field i choose i intend to start a business in future. I wanna gain knowledge financial markets and corporate finances and their risks.
    My motto here is to gain knowledge mainly as these wont help me in a job right away.

    Thanks

  353. AvatarAli says

    and just wanted to add.. brilliant comparison between the two .. perfecto mate

    • AvatarDheeraj says

      Thank you Ali!

  354. AvatarAli says

    hi, a bit on my background I am a qualified accountant (acca). My entire experience is around general accounts (as such no specific field). I want to move out of accounts and in to investment/money market etc which is more dynamic.
    I have been out of studies for more than 13 years. I tried studying for cma but couldn’t get the will to do so and literally after the 1st chapter – closed the “chapter”
    I am now 36, what is your advice;

    firstly, at my age is it still possible to secure position within the financial market
    secondly, I prefer to take up some short course to get the feel of the studies-can you recommend any short courses before I dive for cfa or frm

    sorry for taking up your time. any advice will be highly appreciated

    Regards

    • AvatarDheeraj says

      hello Ali, thanks for your mail. be it CFA or FRM, both of them require commitment of time, energy and mind! What kind of a position are you looking for in Financial Market – stock broker, research analyst, Risk manager ?

      • AvatarAli says

        honestly speaking – I am kind of confused having no experience in any of above, not sure which one to choose ..but I guess which falls within the investment/money market etc profile

        sorry for being daft – just not sure

        thanks for the quick reply

      • Avatarks kumar says

        hello dheeraj,i have completed both ca ipcc and mba finace recently.iam now in ca articleship. iam itrested in one of the cources among frm or cfa.wich one is better to me.can i complete this cources within 2 years?

        • AvatarDheeraj says

          Hello,

          Since you are a CA, i think you should take CFA as it is logically connected to your previous qualifications. Having said that I am assuming that you have interest in careers in Investment Banking, Portfolio Mgmt etc. CFA can be completed in 2-2.5 years!

          Thanks,
          Dheeraj

  355. AvatarNaveen says

    Dear Sir,

    I am working as a claims manager in one of the top insurance company in private sector, intially i was in the corporate underwriting department, where i was performing mainly the operation work, the risk asessment role were done by my senoirs only. for 11 months i worked as an underwriter and for the last 6 months i am working as an claim manager. My qualificaions are BBA, MBA, Mcom, PGD in securites and banking laws and PG in General Insurance and Risk. I want to switch my carrer as i am not finding it enjoyable to workin in the insurance sector, Please advice which should be suitable for me CFA or FRM?

    • AvatarDheeraj says

      Hello Naveen,

      Considering your background in insurance & Risk, underwriting etc, a career in Risk Management is actually suitable for you. In such case, an obvious choice will be FRM.

      Hope this helps,
      Dheeraj

  356. AvatarSachin Nagdeote says

    Dear Dheeraj,
    I have gone through ur article and its really helpful for those who wants to build career in Finance.
    I have completed BE in E&TC long back and currently working with broking firm. I m working as Risk Manager. But my job profile gives me very little to handle called Risk. I use to handle very basic risk.
    My que is which certification i suppose to opt to build career? I m 35 years old and desperate to change or to take new assignment for better career.

    • AvatarDheeraj says

      Thanks for your note Sachin. Given your background, i think you should opt for FRM and try to complete it asap. An FRM should help you get meaningful opportunities in Risk Profile.

      All the very best,
      Dheeraj

  357. AvatarSanket chheda says

    Hey dheeraj,
    Thanks sharing detailed info on cfa vs frm,
    Talking about my background, m currently working as a relationship manager with a broking firm for the past few years, however now m keen on changing my profile m planning to do my MBA next year, is doing Mba more relevant or opting for cfa /frm,

    Regards
    Sanket

    • AvatarDheeraj says

      Hello Sanket, the key question to ask should be that are you in general interested in which field within Finance – a) Corporate Finance, IB, Equity Research kind of roles or b) Risk management? If you are interested in IB roles etc, then CFA is for you, otherwise, go for FRM.

      Please let me know if you need any further clarification.

      Thanks,
      Dheeraj

  358. AvatarEmmanuel says

    Thank you for this, I really appreciate.

    I have a first degree in Agricultural Engineering and presently I am Running a Masters Degree in Engineering Management, i have about 9 years experience in Banking sector mainly in retail banking.

    I intend to write Project management Professional PMP Exam and there after CFA.

    i need your advice if this can led me to my desired career as an investment banker, if not what do i need to do to position my self.

    • AvatarDheeraj says

      Hello Emmanuel,

      Considering your background in core engineering, it may be a bit difficult (not impossible) to get into Investment Banking Career. Not sure why you want to do PMP, however, CFA charter will help you a lot for cracking a career into Investment Banking. Many a times, people with domain expertise get preference to work in Investment Banking.

      Thanks,
      Dheeraj

  359. AvatarDhritabrata Biswas says

    Hi , I am a Indian CA with 10 yrs experience aged 38 wants to settle out of india wants to know whether CFA or FRM will be a good choice ? Pl advice.

    Thks

    • AvatarDheeraj says

      hello Dhritabrata,

      Though the choice will depend on what you like – Corporate Finance roles or Risk Management. However, considering your Chartered Accountant background, CFA should be easier and related to your work experience.

      thanks,
      Dheeraj

  360. AvatarSaad says

    Hi Dheeraj,

    Is audit trainee experience relevant for FRM?

    I myself am a C.A audit trainee.

  361. AvatarSaad says

    HI Dheeraj,
    That was a very good article and expertly presented.

    However my query is regarding the relevant experience criteria. I am currently a C.A Audit trainee and have started just recently. I want to know that will my experience by counted as relevant experience for FRM.

    • AvatarDheeraj says

      Hello Saad,

      I guess your CA Audit experience should work, but i recommend you to check with GARP on the same.

      Best,
      Dheeraj

  362. Avatarrajants says

    Thank u for your valuable opinion Dheeraj. I am a Credit research analyst in one of the top Global financial research firms. This is my first job. I have completed my MBA and got placed in campus. I am yet to decide if I have to pursue CFA/FRM for further studies. At time even CA gets into my portfolio of confusion since I am yet to foresee my best suited career option. Whats your advice.

    • AvatarDheeraj says

      Hello Rrajants,

      Which is your choice of career – Corporate Finance, Research etc vs Risk Management. If your choice is Financial Research then CFA is a good choice. If you are keen on quantitative modeling, risks etc, then FRM is better suited.

      thanks,
      Dheeraj

  363. AvatarOsama Zafar says

    Hi, I have done ACCA and MBA. I am not looking to go further in the finance side as i am working in a bank as portfolio manager. Would you please advise me which to choose from CFA and FRM. I also add one thing that these days people have a craze of doing CFA, so i think dng FRM will benefit ? need your advice.
    Thanks.

    • AvatarDheeraj says

      hello Osama,

      I think with your credentials as ACCA and MBA, you are already well placed. If you want to get deeper insights that help you in your current profile as a Portfolio management, CFA is better suited.

      Thanks,
      Dheeraj