Should You Do FRM After MBA

The choice to do FRM after MBA is one of the strategic decisions as a finance professional. This blog will cover what FRM is, its usefulness after an MBA, its major advantages and disadvantages, and how it will affect your career path. Also it covers the answer to your question, should I do FRM after my MBA?

What is FRM, and why would it be important post-MBA?

Financial Risk Manager (FRM) is an internationally recognized credential in risk management in finance. Once the MBA is done, and more so when the MBA is taken with a specialization in finance, it is only natural that the FRM certification will enhance your knowledge of risk analysis, credit risk, market risk, and operational risk.

The FRM after MBA route is applicable, as the MBA course provides general business knowledge, whereas the FRM trains you to focus on risk management expertise, so you are well-suited to pursue a risk position in a bank, investment firm, or consultancy firm.

Then why FRM after MBA?

• Specialization: A broad-based skillset offered by an MBA; the expertise offered in an FRM, hands down, would be in the niche of financial risk.
• Competitive Advantage: An FRM after MBA certificate has a complementary effect on your resume in the job market in the field of finance.
• Industry Demand: The demand for risk managers has grown as a result of the growing regulatory and economic complexities.
• Good Pay Prospects: The compensation pays better to risk managers because of their expertise.
• A Global Recognition: FRM is globally recognized, and this makes opportunities available across geographies.

What are the useful attributes of FRM post-MBA?

• Advanced Knowledge of Risk Management: You will have in-depth knowledge of market, credit, liquidity, and operational risks.
• Career Growth: The two qualifications provide an opportunity to work at higher levels in risk, compliance, and financial analysis.
• Networking Opportunities: FRM provides you access to a world of networks of finance professionals.
• Greater Compensation: As per the industry accounts, an added benefit of FRM after MBA is higher pay than just an MBA.
• Credibility: It ascertains your expertise outside the generalist MBA course.

What obstacles are there in undertaking FRM with an MBA?

• Time Management: FRM studies can be time-consuming, making it difficult to perform other duties at work or in MBA programs.
• Hard to study syllabus: FRM involves learning things that are new or hard, including mathematical/analytical concepts.
• Expenses: The cost of taking an exam in addition to training material increases the bill on top of an MBA.
• Exam Difficulty: The FRM exam pass is dependent upon study time, and clearing both exam levels is challenging.
• Relevance to Career Goals: FRM is not going to be relevant to all MBA graduates.

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What is the post-MBA career impact of FRM?

• Broader job opportunities: You will qualify to work in positions such as Risk Analyst, Risk Manager, Credit Risk Officer, and Regulatory Analyst.
• Enhanced Employability: Even hiring managers recognize that employers are interested in candidates who possess not only the ability to manage but also have technical prowess in situations of risk.
• International Prospects: Numerous multinational institutions and financial organizations acknowledge the FRM certification as being relevant to working in risk-related jobs.
• Potential to Become a Leader: FRM knowledge will make you a competent candidate when it comes to leadership functions involving the mitigation of risk.
• Cross-sector Industry: In addition to the banking sector, risk management skills are also useful in asset management, insurance, and consulting.

Who should do an MBA after FRM?

• MBA graduates who strive for railway and aviation specialized jobs in the field of risk management or business services.
• Professionals who have a passion for developing their finance knowledge with an internationally recognized certification.
• People who want to study the subject of quantitative analysis, risk assessment, and regulatory compliance.
• Individuals who want to maximize their professional opportunities through the joint attainment of FRM after MBA.

What is the right time to do FRM with respect to MBA?

Before MBA:

Best of all worlds, really: build risk expertise early in your career and follow on at a point to build a wider business vision via the MBA.

During MBA:

Quite possible but difficult; they would need great organizational skills, as they both will be time-consuming.

After MBA:

The most popular route is to use the MBA to develop the fundamentals and then seek FRM as an advanced skill to add to your career.

What job opportunities does MBA+FRM open to you?

• Risk Manager
• Credit Risk Analyst
• Market Risk Analyst
• Financial Analyst
• Compliance Officer
• Portfolio Manager
• Regulatory Risk Advisor

The two qualifications work together to create an FRM after MBA and thus has a combined approach to their strategy and technical expertise.

Where is FRM globally recognized among professionals with MBAs?

• United States
• United Kingdom
• Singapore
• Hong Kong
• United Arab Emirates
• Australia
• Canada

The FRM after MBA are a highly valued pair of qualifications because global financial hubs are seeking strong candidates who have both.

How is FRM compared to CFA after an MBA?

Your career aspirations should determine whether to choose FRM vs MBA: FRM is better suited to risk-based professions, whereas CFA is applied in the investment sector.

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Final thoughts: Is FRM a post-MBA thing?

For any individual with an agenda of entering into the risk management profession or broadening their knowledge in the finance field after an MBA, the FRM after MBA path can have several lucrative benefits of FRM after MBA. It augments some general management expertise of an MBA with in-depth knowledge about risks, which enhances your employment opportunities and the ability to achieve objectives and make effective decisions.

Nevertheless, take care of issues such as study commitment and exam difficulty. Research your career ambitions thoroughly, if risk management is your passion, then FRM gains will override the difficulties; hence, it would be a good and cost-effective investment.

FAQs on FRM after MBA

Is FRM worth it post-MBA?

Yes, particularly in that, in addition to an MBA, an FRM can make you a specialist in risk management.

Is it possible to do FRM and MBA at the same time?

It can be so, and it is challenging; you should have good time management and be committed.

How much is the average salary with an MBA + FRM?

Salaries can be down to regional scales, yet overall, when the two qualifications are combined, the pay is above that of an MBA alone.

Which is preferable over the MBA, CFA, or FRM?

It depends on the area you are more focused on, FRM will be used in risk, and CFA in investment management.

Anant Bengani, brings expertise as a Chartered Accountant and a leading figure in finance and accounting education. He’s dedicated to empowering learners with the finest financial knowledge and skills.