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prm vs cfa vs frm

With so many courses establishing day by day, it becomes difficult to select one. Today, we shall discuss about the 3 most prominent courses that can give students amazing career opportunities on its completion.

  1. PRM

  2. CFA

  3. FRM

Project Risk Manager (PRM)

Here are some reasons why you should consider obtaining your PRM:

  • Candidates from more than 80 countries are actively pursuing the PRM, more than any other risk certification program. Endorsed by leading Universities and Businesses

  • 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

  • PRM provides partial credit to those that have demonstrated their skills through attaining designations like the CFA Program, FSA, ASA and others

  • You can take PRM exams any business day of the year and in any order you wish. If late issues arise, you can reschedule or relocate your exam up to 24 hours beforehand without a charge

  • Not all economies are alike, so full-time students and residents in low-income countries can receive significant discounts

  • As PRM is delivered via computer, in controlled testing facilities, PRM are able to monitor questions so that they truly reflect the syllabus and desired degree of difficulty. In other words, PRM exam is designed, not just assembled

  • The PRM is one of the most challenging certification program available for financial risk managers. That’s why it is the only one to have been publicly endorsed by leading universities and businesses. Holders of the PRM have the backing of PRMIA, the premier meeting place for the risk profession

Chartered Financial Analyst (CFA)

Here are some reasons why you should consider obtaining your CFA:

  • The Chartered Financial Analyst designation (or CFA Program) is the most prestigious mark in the investment profession. It is a graduate-level, self-study curriculum and examination program

  • Two of the most important advantages of a CFA Program charter for investment professionals: career searches and networking

  • The CFA Program Institute maintains a job search site for members and candidates. This site is by far the most comprehensive and highest quality site for investment management positions. In tandem with finding a position, you will have ample opportunity to network with other professionals in your area during local chapter meetings

  • Earning the credential also serves as a “passport” to entry to or advancement within the profession or to work in other countries

  • For investment professionals the charter signifies a certain level of investment knowledge and experience. The charter is an important piece of objective evidence of an investment manager’s professional knowledge; thus clients frequently look for the designation in managers with whom they have yet to develop a relationship of trust

  • It equips you with the knowledge in these disciplines of finance:

  • The Level I – Investment tools, Ethical and Professional Standards, Quantitative methods, Economics, Financial statement analysis and Corporate Finance.

    The Level II – Asset valuation, Ethical and Professional Standards, Analysis of Equity Investments, Analysis of Fixed Income Investments, Analysis of Derivatives, Analysis of Alternative Investments, Portfolio Management & Performance Measurement.

    The Level III – Portfolio Management and Performance Measurement.

Financial Risk Manager (FRM)

Here are some reasons why you should consider obtaining your FRM:

  • Global recognition as a leader in financial risk management

  • You will be more desirable to executive recruiters and hiring managers since they are now seeking FRM holders for senior risk management jobs more than ever before

  • The FRM professional certification differentiates you from your peers

  • Studying the broad concepts underlying risk management in today’s dynamic market environment will give you a holistic view and appreciation for the role risk management plays in an enterprise

  • Provides you with the feeling of personal achievement and the satisfaction of conquering an exam developed by the best risk management practitioners in the world

  • Objectively benchmarks your knowledge of the major strategic disciplines of financial risk management: o Market Risk o Credit Risk o Operational Risk o Risk Management in Investment Management

  • Expands your personal and professional opportunities within the world of finance

  • Allows you to join an elite group of 17,673 FRMs across the globe with the only risk management certification recognized worldwide

  • Provides you with the ability to network with some of the world’s leading financial risk management professionals.

Get a detailed comparative analysis on the exams, pre-requisites, career benefits, etc. for FRM vs PRM and FRM vs CFA to clear all your doubts when it comes to choosing the right career.

So which one are you going for?