Dear Harleen, if you are talking about becoming a Financial Risk Manager, you need to take a certification exam. It is not a degree like your Bachelor's or Master's but this is a certification course. You also need to have an Active Fellowship in the Global Association of Risk Professionals. It is called GARP in short. To be honest, there is no set minimum eligibility criteria to appear for the FRM exam. However, you need to have relevant work experience like trading, economics, auditing, risk assessment, etc. For example you don't have relevant work experience but pass the exam, GARP will issue a letter stating you have passed he exam and you will get the certification after you put up your relevant experience. Until then you will be a 'FRM Holder.' Once you finish putting up your relevant experience, then you are called 'Certified FRM Holder'. There are 2 parts of the FRM exam i.e Part I and Part II. You should clear Part II 4 years from the day younpassed your Part I. And from there, you have 5 years to put up the relevant work experience. So the minimum duration that you can pursue this certification course is give or take 9 years. The syllabus for Part I is Foundations of Risk Management, Quantitative Analysis, Financial Markets and Products and Valuation and Risk Models. The syllabus for Part II is Market Risk Management, Credit Risk Management, Operational and Risk Management, Risk Management and Investment Risk Management, Current Issues in Financial Markets.
Now, lets talk about trying to complete this course in the shortest time. As much as it says therr is no minimum eligibility criteria with your PCB background, you cannot understand these terms. Lets assume you crack the exam with 10+2 eligibility criteria. But because your highest qualifucation wil remain 10+2, you might not get a job as you will be still under the legal working age and any organisation would expect you to have atleast a Bachelor's degree to hire you. Now that we have established the fact that a Bachelor's degree is important, to understand these jargons or professional words, you need to select a Bachelor's programme that syncs with your future plan of the certification. You can still take up a B.Sc in Botany and pursue your certification. But you shouldn't be breaking your head between plants and finances. They will be 2 parallel paths which never meet each other. So your Bachelor's degree should compliment your certification course. In these situations, a B.Com is better than other Science or Computer courses. That is the reason most CA training organisations enroll their students into B.Com while pursuing CA as the syllabus and path is the same. You can start preparing for Part 1 from the final year and give your exams simultaneously along with your final year exams. So by the time you complete your Graduation, you are done with Part 1 and you are ready for putting up your work experience. Now that you hold a Bacheor's degree in Commerce, there will be companies that hire you as a fresher. And 2 years later, you can appear for Part II. And once you complete your Part II as well, you are a Certified FRM Holder. And with this certification, you can eventually become a Financial Risk Manager. While working, you can also pursue your Master's like either a MBA in Finance or M.Com which will help you in your professional growth.
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