FRM Scholarship 2022: Overview, Eligibility & Process For Indian Students

Short-term finance courses or FRM certification is a way to demonstrate financial knowledge and professional skills, allowing you to compete with specialists working in the biggest multinational companies and institutions. GARP provide the FRM scholarship to applicant with the aim to provide an opportunity to sit for the FRM Exam regardless of their self-funding capacity. The FRM exam is open to anyone interested in becoming an FRM. The Global Association of Risk Professionals administers the FRM Exam, which consists of two tests (GARP). The exam will be held on two distinct days and on two different dates.

The Financial Risk Manager, or FRM, is a globally recognised certification offered by the Global Association of Risk Professionals (GARP), which uses the FRM exam to identify potential candidates with specialised knowledge in assessing an organisation’s risk and developing various strategies and approaches to mitigate the impact. An FRM is responsible for identifying threats to the organisation’s assets and earning potential, in addition to projecting the amount of risk. Major banks, asset management businesses, accountancy firms, insurance companies, regulatory agencies, and other organisations employ Financial Risk Management professionals.

Highlights of FRM Scholarship

• The scholarship is only available for the FRM Part 1 exam, not the FRM Part 2 exam
• The exam registration fee is covered by FRM Scholarships, but not the enrollment fee
• The scholarship is awarded entirely on the basis of merit, and the FRM committee makes the final choice
• Undergraduate students are not eligible for the FRM Scholarships as they must be enrolled full-time in a graduate school at the time of the exam
• If a faculty member can demonstrate full-time employment, they are considered eligible
• At the time of the exam, students must be enrolled full-time in a graduate degree programme
• A scholarship is available to qualified students and faculty members once in their lives. This rule does not have any exceptions

Eligibility Criteria for FRM Scholarship

Enrollment in the FRM Program does not require any educational or professional prerequisites.

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• It is open to all professionals working in risk management, investment, and finance; all can benefit from the FRM Program by expanding their expertise
• Individuals with non-risk backgrounds who want to make a career change can participate in the FRM Course to explore a wide range of growth prospects in the field of risk management
• FRM certification is for students who are still pursuing their post-graduate and have completed any graduation, such as B.Tech, MBA, or any financial degree, since it gives them the competence to handle and manage risks, investments, and money

Application Process for FRM Scholarship

To avail FRM Scholarship, follow the given process:

• GARP begins taking scholarship applications for the May exam on November 1st and for the November exam on May 1st. The deadlines are February 28th and August 31st.
• Candidates must pay the enrollment and registration fees in order to be considered for the scholarships. If they are chosen for the scholarship, they will receive a refund for the exam registration expenses that are covered by the scholarship.
• Under no circumstances will applications be received after the deadlines are accepted.
• Only the cost of the exam registration fee is covered by scholarships.
• Scholarships are awarded on the basis of merit, and GARP reserves the right to make the ultimate choice.

Conclusion

If you are academically gifted or require funding for further education, applying for a scholarship may be the best option. A scholarship needs hard effort and thorough information on the scholarship’s features and requirements. Bring in motion your dream of achieving the Financial Risk Manager certification to assess an organisation’s risk and devise various plans and techniques to mitigate the impact. Looking for resources all over the internet can be a complex procedure. Reach out to LeapScholar for more details. Do not put off your application any longer; begin your adventure journey immediately.

Frequently Asked Questions