(B) Risk Managers – PRM | FRM Holders:
Here we will continue our analysis regarding the mean compensation for PRM | FRM holders. (See previous blog for salary analysis of CFA Charter Holders)
As we pointed out in the previous post, the salary figures can vary dramatically based compensable factors such as employer size, industry, employee credentials, years of experience and others.
As per salary.com data, the average salary of Risk Manages in U.S is about $94,606 per annum. The pay range, however is quite wide and varies from $80,000 to $111,000:

Both PRMIA and GARP also provide a platform for their respective charter holders to help them avail some of the best job oportunities currently open in the market.

(A) CFA Charter Holders:
CFA Charter Holders are employed across a spectrum of organizations.
Just like other professionals, their salaries depend not only on factors like experience, position etc. but also on the attributes of the organization they are working with; like size, type, annual revenue and so on.
Following are the the key factors that determine the compensation:
Experience
As per PayScale.com global statistics, in 2009, Financial Analysts with 0-1 year of experience have a average salary of USD-51,282. Intermediates with 1-4 years of experience get a average of USD-62,567 and senior people with f5-9 years earn USD-90,335 per annum. USD-121,017 is the median salary for Financial Analysts with 10 to 19 years of experience, and the highest average salary is bagged by those with 20 or more years of experience, pocketing about USD-149,017.

Dear Friends,
Greetings from Pristine Careers.
Pristine is a financial training institute founded by professionals and alumnus of Standard Chartered, Goldman Sachs, Reliance Private Equity, SBI, Accenture, IBM and CRISIL, IIM, IIT and SIBM.
Established in 2007 we have trained 2000+ professionals for International Certifications like CFA/FRM and PRM. Pristine has conducted over 30 batches of FRM Trainings and over 15 batches of CFA in Mumbai, Bangalore, Delhi, Kolkota, Hyderabad, Chennai, Pune and Online last year
Pristine is organizing “Free Seminars for CFA and FRM Candidates”. The objective of the Seminar is providing you guidance for FRM and CFA Exam preparation.

Dear Friends,
Greetings from Pristine Careers.
Pristine is a financial training institute founded by professionals and alumnus of Standard Chartered, Goldman Sachs, Reliance Private Equity, SBI, Accenture, IBM and CRISIL, IIM, IIT and SIBM.
Established in 2007 we have trained 2000+ professionals for International Certifications like CFA/FRM and PRM. Pristine has conducted over 30 batches of FRM Trainings and over 15 batches of CFA in Mumbai, Bangalore, Delhi, Kolkota, Hyderabad, Chennai, Pune and Online last year
Pristine is organizing “Free Seminars for CFA and FRM Candidates”. The objective of the Seminar is providing you guidance for FRM and CFA Exam preparation.

There is no secret formula that can help you navigate through the CFA program and pass the test, but an organized, disciplined approach will help you pass each level of the program and ultimately achieve your goal.
Don’t waste time, get going: The CFA Institute prescribes that at least 250 hours of independent study is necessary to pass each exam. Here is what they say : ” … a minimum of 15-20 hours per week for 18 weeks to studying the assigned readings. Allow a minimum of one week for each study session spread over several days, with completion scheduled for at least 30-45 days prior to the exam. This schedule will allow you to spend the final four to six weeks before the exam reviewing the assigned material and taking multiple online sample exams. Successful candidates report spending an average of about 300 hours reading and studying the curriculum, plus 4-6 weeks reviewing and taking online sample and mock exams.”

In the preceding post we talked about job as a financial analyst.
Today we discuss Risk Management as a career.
Overview Risk Management:
Within the financial services industry, risk management involves assessment and quantification of business risks, and then taking measures to control or reduce them.
Educational requirements:
To work in risk management, a bachelor’s degree is the bare minimum, often an MBA also is preferred. Strong quantitative skills are a must.Certifications like the PRM or FRM provide the necessary backing to your resume. A globally recognized certification program puts employees on the same footing. Organizations consider them as a means to ensure that everyone in particular job groups or functions has the same level of experience, knowledge, and ability.

For those of you who are relatively new to finance domain and are considering a career as a Financial Analyst, here we take a look at the who-how-what aspects of a Financial Analyst’s job:
You would easily encounter the term Financial Analyst if you follow any business newspapers like the wall street journal or in magazines like the economist.
Here’s a look at an FA’s work profile :
A financial analyst researches macroeconomic and microeconomic conditions along with company fundamentals to make business, sector and industry recommendations. They also often recommend a course of action, such as to buy or sell a company’s stock based upon its overall current and predicted strength. An analyst must be aware of current developments in the field in which he or she specializes as well as in preparing financial models to predict future economic conditions for any number of variables.

Hi,
Greetings from Pristine!
PRM certification has generated huge interest among the students and market practitioners who wish to enhance their career opportunities in Risk Management. Being an authorized trainer for PRM certificate, we receive a lot of queries on regarding careers prospect in Risk Management and how to tackle the Exam. To resolve such queries, Pristine is conducting two hours seminars for the same. The seminar would be presented by Mr. Dinesh Chaudhary, who has a vast experience in Risk Management, has cleared PRM and holds an award of distinction for Top Score in PRM 2009 Exam.

(A) Why should I go for PRM?

Here goes the why-do-I-do-it list:
Global – Candidates from more than 80 countries are actively pursuing the PRM, more than any other risk certification program.
Endorsed by leading Universities and Businesses.
Predictive Power – Because the PRM is broken into four exams, each of which must be passed to attain the designation, you cannot use strength in one area, say Math or Finance, to cover weaknesses in other area, say Risk Management
But once you get through, it certainly adds to your credentials.

Financial Modeling for takeover (SAST) followup Last weekend we had a brilliant session on creating a model for takeover pricing. Around 100 people from across the world attended the session and discussed various aspects of financial modeling. There were some confusion regarding the timing of the webinar, but as indicated in the blog announcement regarding [...]