How to Select Between CFA and FRM

How to select between CFA and FRM? This is one of the most asked questions by the students who want to advance their career om Finance. Choosing the right course is very important a CFA and FRM, both exams take a lot of hard work, time and money as well. Choosing between the two courses can, however, be difficult for those who aren’t aware of the details of these two courses.

In the world of finance, there are two common designations i.e. CFA and FRM. In case you are thinking about entering the financial world as an analyst or working with investments, these are the two designations which could help you advance your career. So, which one is right for you? Let’s have a look at CFA versus FRM.

What is FRM?

FRM is Financial Risk Manager. The FRM certification sets one apart in the marketplace and gives you a strong understanding of the risk management concepts in today’s constantly changing financial space. FRM certification lets employers think that you take risk management very seriously and further your knowledge has been validated by certain professional standards.

What is CFA?

CFA is a Chartered Financial Analyst. It is the professional credential for investment and financial professionals. This program covers a broad range of topics in relation to investment and portfolio management, financial analysis, stocks, bonds, and also provides general knowledge relating to other areas of finance as well. If you are looking for CFA classes in Mumbai, you must contact us.

Difference between CFA and FRM-

One of the major differences between CFA and FRM is the topics that both the courses cover.

On one hand, CFA covers a broad range of topics relating to Finance such as Accounting, Portfolio Management, Corporate Finance, Fixed Income etc. CFA is the course which prepares you for a career in Financial Research, Investment Banking, and Portfolio Management. On the other hand, FRM is a specialized exam to acquire expertise in Risk Management which is best suited for those who want a career in Risk management in Banks

Even though CFA and FRM are two different designations, they have certain similarities as well-

Both the courses give a good amount of professional knowledge in finance as well as analysis. However, for each of these courses, you have to pass a set of exams, and you cannot move on to the next level until you pass the previous level. Both the exams require a great amount of study, practice, and commitment to learning.

Its CONCEPTS is a coaching started in 2010 by Nisha Sharma Mahajan who is MBA (Finance) and has completed all levels of CFA®, FRM® and CPA®. This institute provides training for all levels of CFA®, FRM® and CPA®. Its CONCEPTS strives to "build stronger foundations" by developing understanding at a conceptual level as one needs deeper depths to achieve higher heights. To master a subject, one needs to be fundamentally and conceptually clear about it and that is exactly what our tagline means "It's all in the CONCEPTS"