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The Benefits of Becoming a Certified Financial Risk Manager

Published On: November 19, 2020

If you’ve been successfully working as a risk manager for several years then you may question whether getting your risk management certification is even worth it. Earning your financial risk management certification requires you to pass two rigorous exams administered by the Global Association of Risk Professionals(GARP), and the chance of failing those exams is enough to put off many potential candidates. Earning your certification is absolutely worth going through the process and taking the risk. We’re going to show you exactly what benefits you can expect as an FRM, and how you can make the process easier with a risk management course.

Standing Out

The financial industry is only getting more competitive and if you want to keep advancing forward in your career then having widely recognized certifications is one of the best ways to do that. Leading banks and companies (including ICBC, Citigroup, HSBC, and Wells Fargo) look for financial risk management certification when they’re hiring. Being a certified FRM shows companies that you have a mastery of skills that are in demand in your industry.

Master’s Degree Equivalency

The UK National Recognition Information Centre (NARIC) conducted an independent benchmarking study to determine what level of post-secondary education the financial risk management certification is comparable to. The study determined that the risk management certification is equivalent to a master’s degree obtained in the United States, Canada, the UK, the EU, and 8 other regions of the world.

Earning your FRM requires two years of working experience as well as the successful completion of two exams, making it a much shorter process than earning a master’s degree.

An Elite Network

Earning your financial risk management certification is more than just proof of your skills and knowledge. Your certification serves as a connection to other professional risk managers who’ve proven their ability as FRMs.

Being a part of this network allows you to stay at the forefront of the industry which ensures that you remain relevant regardless of how fast the industry changes.

Higher Salary

Being a certified FRM gives you access not only to exclusive job opportunities, but higher salary opportunities as well. According to, the average risk management salary in Canada is $87,750 a year. Entry-level positions start at $40, 512 a year, but for experienced, certified workers, salaries are reported to be as high as $148,000 a year. The earning potential for a risk manager with a risk management certification is incredibly high.

Earning Your Certification

To earn your financial risk management certification, you need to pass the two exams (FRM Exam Part I and FRM Exam Part II) and have at least two years of working experience in the field. Ashton College’s continuing education courses allow you to work towards both of these requirements at once. The risk management course at Ashton is divided into two parts, one for each of the two exams that make up the FRM exam. Each risk management course is offered part time through our Live Online format, which means you can continue to work full time and accrue the necessary work experience hours while you study for the exams.

Each risk management course will take you through the topics that will be covered on the FRM exam. You’ll complete each course with a thorough understanding of credit risk, market risk, the Capital Asset Pricing Model (CAPM), risk governance, corporate governance, ethics, the GARP Code of Conduct, and other financial risk principles relevant to the career and the exam.

Register now for one of the upcoming FRM exam prep courses and take the next step in your career.


    View All Comments

  1. I really want to do this but have my fears .. Can I speak with a career counselor also?

  2. jackelyn says:

    I would like information about FRM exam prep courses, thank

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