CFA vs FRM: Which is better for You?

What is the CFA Program -  The Chartered Financial Analyst (CFA) Program is a professional, master's degree equivalent credential offered by the CFA Institute.

What is the FRM Certification -  The Financial Risk Manager (FRM) certification is the leading certification for risk managers offered by the Global Association of Risk Professionals (GARP).

FRM vs CFA difficulty -  Both CFA and FRM are equally difficult in this sense, comparable to a Master’s degree course.

CFA vs FRM Salary -  CFA charter holders in Portfolio Management make a base salary of US$126,000 with total compensation of US$177,000 while the average salary of a Financial Risk Manager is US$102,000, with total compensation of US$128,000.

CFA vs FRM Certification Requirements -  In order to become a CFA, you must enroll in the certification program offered by the CFA Institute. If you want to become an FRM, you must pass a two-part exam administered.

CFA vs FRM Career Path -  It’s typical that CFA has more career opportunities than FRM because of their abroad studies and skills, especially in managerial positions.

CFA vs FRM Certification Costs -  The CFA exam has a one-time program enrollment fee of $450. The total exam fees for each level typically cost $930. CFA candidates can expect to pay $1,100 to $1,700 to obtain their charter.

Which is Better for You -   While the CFA designation is broader in scope and focused heavily on investments, the FRM specializes in assessing and managing the risk of an organization.

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