Right time to do FRM

anandmishra453 · January 12, 2016, 5:47am

As global slowdown is phasing in, the demand for risk managers will go up. The people possessing FRM and CFA will certainly have an edge.

I think right time to get certifications.

S666 · January 12, 2016, 10:38am

Definitely can’t hurt. FRM is a decent return for time invested…each level is probably only 150-200 hours worth of study to nail it.

CFA is a bigger time sink, but provides a bit more clout (in general - depends what jobs you are going for of course).

CADFX · January 12, 2016, 2:05pm

S666 - What’s your opnion on whether the FRM is general enough to be valuable in a CFO type role at a non-financial institution business? I’m writing CFA L3 in June and am considering either a valuations designation or the FRM. Which do you think would be more valuable knowledge?

dwheats · January 13, 2016, 3:52am

I would say it adds almost no value for a CFO type role. You should be taking an accounting designation.

anandmishra453 · January 13, 2016, 4:02am

For CFO one should go for ACCA or CPA. If one has CFA also it will not matter much but till has some relevance. FRM makes no sense for CFO role.

S666 · January 14, 2016, 12:30pm

I would agree with the above sentiments…I think the FRM designation holds little value for a pure CFO role. The only subject matter directly related to that role would possibly be the management and hedging of currency exposures from an business activity/accounting perspective (that is a very small part of the overall curriculum).

I would suggest a more accountancy based qualification would be most useful for a CFO role.

I am a derivatives trader and hence, alas I have little valuable insight to add in terms of anything accountancy related.

CADFX · January 15, 2016, 1:56pm

Thanks for the feedback guys - sounds like FRM isn’t a worthwhile investment outside of the context of actual risk management. I am a CA/CPA (Canada) so I have the accounting/FRA covered - trying to figure out what else I can do before shutting down the ‘schooling’ train and purely focusing on career progression.

dwheats · January 17, 2016, 2:32am

CADFX:

S666:

I would agree with the above sentiments…I think the FRM designation holds little value for a pure CFO role. The only subject matter directly related to that role would possibly be the management and hedging of currency exposures from an business activity/accounting perspective (that is a very small part of the overall curriculum).

I would suggest a more accountancy based qualification would be most useful for a CFO role.

I am a derivatives trader and hence, alas I have little valuable insight to add in terms of anything accountancy related.

Thanks for the feedback guys - sounds like FRM isn’t a worthwhile investment outside of the context of actual risk management. I am a CA/CPA (Canada) so I have the accounting/FRA covered - trying to figure out what else I can do before shutting down the ‘schooling’ train and purely focusing on career progression.

CBV?

CADFX · January 17, 2016, 3:32pm

dwheats:

CADFX:

S666:

I would agree with the above sentiments…I think the FRM designation holds little value for a pure CFO role. The only subject matter directly related to that role would possibly be the management and hedging of currency exposures from an business activity/accounting perspective (that is a very small part of the overall curriculum).

I would suggest a more accountancy based qualification would be most useful for a CFO role.

I am a derivatives trader and hence, alas I have little valuable insight to add in terms of anything accountancy related.

Thanks for the feedback guys - sounds like FRM isn’t a worthwhile investment outside of the context of actual risk management. I am a CA/CPA (Canada) so I have the accounting/FRA covered - trying to figure out what else I can do before shutting down the ‘schooling’ train and purely focusing on career progression.

CBV?

That’s what I’m thinking. If you pass L3 you are exempt from doing the two electives, so you only have to do the four valuation courses and might be able to get it done in 8 months (2 courses / semester).

dwheats · January 17, 2016, 4:04pm

CADFX:

dwheats:

CADFX:

S666:

I would agree with the above sentiments…I think the FRM designation holds little value for a pure CFO role. The only subject matter directly related to that role would possibly be the management and hedging of currency exposures from an business activity/accounting perspective (that is a very small part of the overall curriculum).

I would suggest a more accountancy based qualification would be most useful for a CFO role.

I am a derivatives trader and hence, alas I have little valuable insight to add in terms of anything accountancy related.

Thanks for the feedback guys - sounds like FRM isn’t a worthwhile investment outside of the context of actual risk management. I am a CA/CPA (Canada) so I have the accounting/FRA covered - trying to figure out what else I can do before shutting down the ‘schooling’ train and purely focusing on career progression.

CBV?

That’s what I’m thinking. If you pass L3 you are exempt from doing the two electives, so you only have to do the four valuation courses and might be able to get it done in 8 months (2 courses / semester).

I’ve been toying with the idea of doing it. We’ll see once frm is done.