1. Complete 10+2 (2 Years)

• Stream: Commerce is highly recommended, but Science or Arts students with strong analytical and numerical skills can also pursue FRM later.

• Subjects:                                                                                                                                                                             ---Mathematics: Essential for developing quantitative skills.
  -Economics: Provides a foundation in market systems and financial principles.
  -Accountancy: Helps build a basic understanding of financial statements, which is crucial for risk analysis.
  -Business Studies: Offers knowledge of business operations, which is relevant to corporate risk management.
  

2. Pursue a Bachelor’s Degree (3 Years)

A bachelor’s degree is not mandatory to start the FRM certification process, but most employers prefer candidates with a strong academic background in finance, economics, or related fields.

• Degree Options:                                                                                                                                                                               -B.Com (Finance/Accounting): Focuses on financial accounting, corporate finance, and economics, offering a solid base for FRM.
  -BBA (Finance): Provides a mix of business and financial management, focusing on corporate finance, economics, and business law.
  -BA (Economics): Offers in-depth knowledge of economics, which is crucial for understanding market risks and global financial trends.
  -B.Sc. (Statistics/Mathematics): If you’re highly interested in the quantitative side of risk management, a degree in mathematics or statistics can be very beneficial.
  

• Recommended Colleges in India:                                                                                                                                                         -Delhi University (Shri Ram College of Commerce, Lady Shri Ram College)
  -Symbiosis College of Arts & Commerce, Pune
  -Christ University, Bangalore
  -Jamia Millia Islamia, Delhi
  

• Recommended Colleges Abroad:                                                                                                                                               -London School of Economics (LSE), UK
  -Wharton School, University of Pennsylvania, USA
  -National University of Singapore (NUS), Singapore
  -University of Melbourne, Australia
  

3. Prepare for and Pursue FRM Certification (1-2 Years)

• Eligibility:
  You can start preparing for FRM immediately after your bachelor's degree. You do not need prior work experience to sit for the FRM exams, but you will need 2 years of work experience in risk management to become fully certified.

                                                                                                                                                                                                                

• FRM Certification:                                                                                                                                                                               -Administered by: The Global Association of Risk Professionals (GARP).
  -Exams: The FRM program consists of two exams (Part 1 and Part 2).
  -Exam Timeline: Exams are offered twice a year (May and November), and candidates typically take 1-2 years to pass both levels, depending on their preparation.

• Part 1: Focuses on the tools used to assess financial risk, including:                                                                                                                 -Foundations of Risk Management
  -Quantitative Analysis
  -Financial Markets and Products
  -Valuation and Risk Models
  

• Part 2: Focuses on the application of risk management tools:                                                                                                       -Market Risk
  -Credit Risk
  -Operational Risk
  -Liquidity Risk
  -Investment Risk Management
  -Current Issues in Financial Markets
  

• Self-Study or Prep Courses: Many candidates choose to self-study using materials from providers like Schweser or Bionic Turtle.
  

• Prep courses from institutes like EduPristine, IMS Proschool, or Kaplan can provide structured guidance.
  

4. Gain 2 Years of Professional Work Experience

To earn the full FRM certification, you need 2 years of relevant work experience in financial risk management or a related field. You can gain this experience while preparing for the exams, either in roles such as:

• Risk Analyst

• Financial Analyst

• Credit Analyst

• Portfolio Manager

Work experience should involve exposure to the analysis and control of market, credit, or operational risk.

Additional Learning (Optional)

If you aim to strengthen your qualifications or pursue a more advanced career path, you might consider the following:

• Pursue a Master’s Degree (1-2 Years):                                                                                                                                            -An MBA in Finance or a Master’s in Financial Engineering from top institutions can further enhance your expertise.                   
                                                                                                                                                                                                   -Colleges in India: 

• Indian Institute of Management (IIM), 

• XLRI Jamshedpur,

•  SP Jain Institute of Management.
                                                                                                                                                                                                     -Colleges Abroad: 

• Harvard Business School,

•  London Business School,

•  INSEAD (France).
  

• Professional Certifications (Optional but useful):                                                                                                                                   -CFA (Chartered Financial Analyst): Complements FRM by focusing on investment management.
  -PRM (Professional Risk Manager): Another certification in risk management, similar to FRM, but offered by the Professional Risk Managers’ International Association (PRMIA).