CFA VS FRM: Choosing the Right Finance Certification @ZellEducation #Finance

when people want to pursue something in the field of Finance the two very common options that come up are CFA and F frm but people are not really sure about the difference and what

really they should take up based on the career that they are imagining so in this CashNews.co we’re going to talk about uh the differences and the similarities between CFA and FM and how you should take a decision based on what you are aspiring towards before I jump into it if this is the

first time you watching this CashNews.co then please do click subscribe and if there’s any value that you find from this CashNews.co and give us a thumbs up let’s first jump into the details of what both of them really comprise of the universe right so CFA as we all know is by the CFA

Institute based out of us a globally recognized course and that is a specialization in the field of overall Finance for those who don’t understand what

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance really means Finance is all about money it’s all about how do I acquire

money how do I manage money how do I deploy money it encapsulates personal Finance from your day-to-day Budgeting and Income and expense all

the way to financial Markets where to invest massive sums of money even for corporates right when do you invest in an asset what is the right way to really maximize return all of this is what

comes under Finance now frm as the full form indicates is Financial Risk Management it’s by the global Association of risk professionals again us-based but recognized

world over this is a specialization in Finance but a super super specialization in Financial Risk this applies more to

style="font-weight: bold; color: #1a73e8; text-decoration: none;">Industries such as banking Insurance Financial Services basically the bfsi sector or any company or industry which needs to understand Financial Risk it’s not very uncommon it’s in fact growing in

popularity because this role of Risk Management is sort of come up over the last few years much more than what it used to be in the past so the demand for CFA and FM both have been increasing for these reasons now if I go into a little bit of technicality let me explain the uh

differences right when it comes let’s start with eligibility the CFA eligibility has now been shifted to when you are in your second last year of graduation which means if you’re doing a threee bcom you can appear in year two and if you’re doing a fouryear bcom or engineering you

can appear for CFA level one in year three frm you can immediately start post grade 12 the simple difference right so that’s why a lot of people by the way do F frm in year 1 and then they pick up C coming to the academic structure so CFA is very well structured very popular in the world when

it comes to the thoroughness and the extensiveness of its curriculum it has three levels level one level two level three and of course like I said right it does cover a little bit of basic of accounts and text-decoration: none;">Finance but it really goes in the depth of Finance for the three levels it takes on an average 2 to three years and of course sometimes more depending on

your journey to complete CF let me come to FM FM has two parts part one part two you can think of it as two levels you can complete frm totally in approximately a year so there’s a huge difference here where it comes to the duration and that’s the reason people pick up FM first if

they’re not sure what they want to do because it gives them a foot in the door when it comes to the field of Finance and if they’re strong at it or they enjoy it

they can pick up CFA which is a larger or a more extensive course so think of CFA as the field of Finance and F frm is like a subset of it right so you go deeper you become a

more specialized professional by the way all right now when it comes to the paper pattern for CFA CFA level one and level two are much more objective and level three is completely subjective frm is completely objective only McQ based both are computer based exams so that’s more or less when

it comes to appearing for the exam uh the effort you have to put in moral less according to us is similar don’t worry that CFA might be more difficult because it’s longer or F frm might be more difficult both require massive effort but both are global professional qualifications so make

sure that you put in the effort that’s required because the returns are going to be massive next when it comes to opportunities for CFA andm I’ll first talk about India simply put guys CFA level one onwards you have opportunities in India FM complete both the parts you do have

opportunities in India I think uh your goal should be if you don’t have a very clear part start working in some multinational some banking some well branded company from either qualification and there are opportunities for both in India a CFA level one if you complete you can look at packages

of four to 5 lakh onwards and of course as you do level two level three packages will go above 10 lakhs a year f frm is more or less similar to CFA level 1 minimum and of course as you progress in a year or two you will be able to take a jump up compared to maybe just doing a simple bcom or BBA

overseas again both qualifications are very well recognized specifically in countries like us so if you’re looking at going overseas ask Su is start an India have a couple of years of experience and start applying everywhere that you would like to go in a few years you should get the

opportunity with everything all your conditions in place from not only the of course the job and the pay maybe the country you want to get into the Visa opportunities what to get there what is the economic situation of that country etc etc both qualifications have the passport to take you overseas

uh lastly when it comes to the fee structure so simply again simply put CFA if you complete all three levels will be approximately 3 three and a half lakhs spread over 3 years which includes everything what you pay the body which is the registration fee the exam fees as well as your training and

the study material all will come under 3 three and a half lakhs spread over 3 years in the first proper year of your major role you will recover the entire investment of CFA so in that sense it’s a beautiful course because you can study and work together after at least level one coming to fmm

because it’s a shorter course because of specialization it is also less expensive you can complete entire F frm in less less than 2 lakhs which is both the parts over a period of a year and once again the return that you’ll make in less than 6 months of any primary job that you secure

because of FM in less than half a year you will recover your entire FM investment so guys this is more or less the details of the courses finally what should you do first of all let’s take basic situations if you know where you want to go if you want to become you want to specialize in

Finance but the whole of Finance then CFA if you want to

specialize in Finance but particularly in Risk because you know that that’s a niche that’s growing people around you have shown you opportunities then F second

based on your eligibility if you’ve just given grade 12 then you have no option but to at least appear for FRN and then you always can do CFA right because then you have a base qualification with you and then you study a larger one where in maybe you can also start working as an FRN

simultaneously studying for CFA of course students who’ve given grade 12th can also directly start studying for CFA level one because they’ll be eligible in the next year itself but more or less guys if you’re not sure I would say and plus CF is a very good combo you don’t

have to really study multiple different things you you become a super specialist in Finance within that Financial Risk if you do both so maybe if you’ve just given your

12th I would suggest give frm but then also ensure that you’ll end up giving CFA lastly if you are a graduate you’re a little senior already then I would say maybe CFA is good enough because you know you can also start building a career as soon as you give level one unless there is any

opportunity that your company or any other company that is looking for FM specialist you know you can back that job then you study FM right now it’s a shorter course you can even finish it in 6 months if you just go on turbo speed quite manageable depending on your understanding of

href="https://cashnews.co/finance" style="font-weight: bold; color: #1a73e8; text-decoration: none;">Finance and then you can only pick up F if you think we missed anything leave it in the comments we’ll make sure that we reply to you one to one otherwise yeah you can always

reach out to us we of course have been training candidates in CFA since years now we do more than two to 2 and a half thousand students every year in CFA we we become the largest CFA providers in the country and we’ve also launched frm in the last year so anything you would like to know about

either of the courses please reach out we’ll be able to guide you on your particular Ro path