Should you do the CFA or the FRM for a career in finance?

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In this video I talk about the main differences between the CFA (chartered financial analyst) and the FRM (financial risk manager) qualifications. They’re extremely popular qualifications that employees working in the world of finance, banking, asset management and risk management typical pursue and definitely worthwhile considering if you’re serious about a career in one of these industries. Areas covered include costs, time commitments, pass rates, exam structure, content covered and more. Thanks for passing by and enjoy the video!

TIMESTAMPS:
00:00 – Intro
00:52 – CFA Institute and GARP (Global Association of Risk Professionals)
01:47 – Costs of the CFA vs costs of the FRM
04:41 – Useful resource (Analyst Prep)
06:06 – Content covered in the CFA vs content covered in the FRM
07:21 – Can you do both the CFA and the FRM?
07:59 – Time commitment required for the CFA and the FRM
09:27 – Exam dates, structure and options for the CFA and FRM
11:21 – How to avoid paying for the CFA and/or FRM

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ABOUT ME:
Hey! I'm Afzal Hussein. I make videos on banking and finance, careers, productivity and lifestyle. I'm also building Simpley (a marketplace for career advice), and I teach on Skillshare. Before all of this I started my career working at an investment bank called Goldman Sachs. Hit the various links above to find out more about me. Thanks for passing by!

#CFA #FRM #Careers

[AfzalHussein]

Get 20% off all Analyst Prep programs using the code ‘afzal20’ and these links:

[TheAPPJO]

Nice video, have my CFA exam 2morrow !

[phillips]

I love your videos mate, I’m 14 and you have inspired me to work in finance in the future

[AM-uxyx]

I work on desk for one of the largest asset managers in the world.
Breakdown:
IMC is required for almost all front office roles (In this UK this can be done via CFA or CISI, prefer the CFA due to the brand is more recognisable ).
Full CFA is normally required to be an on desk Investment Manager, historically you required an IMC and CFA 1 but due to the graduate program most Asset Managers will fund you through the entire program to get your chartership.
Same with ESG analyst, require you to do full CFA at some point.
FRM is if you want to become an Investment Risk Manager - this is a requirement.

If you have professional Investment experience, this can waiver the CFA, however you will be strongly pushed to do it. Chartership looks good and its very hard to get.
All in all, at least have an IMC if you look to apply for buy side firm, if this is not available in your country, start the CFA 1 if you're going through your job search/application.

[kirksolon]

Just wanted to take the time to say thank you for all this good value content. I've started my Series 65 studying in Dec and taking my exam in April. After I'll go for the 7, FRM, 28. -vmakcapital

[BloodiedYetUnbowed]

300/250 hours for CFA/FRM may be sufficient if you are a finance major, but definitely not enough if you have no background in finance but are taking these exams.

[tanushbhatt]

1)Is bsc economics and finance good for investment banking?
2)can someone with bsc economics and finance do cfa ?
3)which is best cfa, cim etc for investment w?
4)can top twenty university in russel group like exeter, leeds, Bristol, southampton good for investment banking?
5)is there shortage of financial analysts or investment bankers in uk(London)?
6) do financial services firms sponsor tier 2 visas ?

[anshkapur]

Well balanced and immensely informative video as always.
Could you please consider making a video on grad schemes and spring week?

[subramanyam]

No Wrong information about fees., Fees for CFA each level is 700 $(Early Bird) or u can pay for Standard Registration it is (1000$) and 450$ for registration. All the fees details are mentioned in CFA officail website.

[m]

Great video! 👍🏻 The ERP from GARP is very industry specific but very well known and appreciated in the energy sector.

[raikou]

Hey Afzal, I had 1 question: what would be better to do, CFA level 1 or CFI's FMVA?. I'm a graduate with no finance experience struggling to break into the industry.

[prashanthkoundinya]

For investment banking or sales and trading, which of these is more relevant, MBA finance, cfa or frm?

[frostyplayer]

Hey Afzal. Really enjoying your content. Glad I came across it. Do you think someone coming from an outside industry (not finance/banking) would be able to enter the industry by acquiring the CFA?

[nikolasspranger]

Azfal, getting the CFA soon after graduation is a good choice for someone that studied on a non-target school, for banking and PE? Greets from Brazil!

[rp]

Question: is it possible to hop from retail / commercial / corporate banking to investment banking? If so, how would one go about doing it, is it hard to jump to IB?

[-tz]

Very interesting and informative video.

I am now in finance and accounting domain (BPO) with 6 lakh with 5 years of experience.

Indian accounting experience is 5 year. Total experience is 10 year.

What will my salary if I complete FRM?
What will my salary if I complete cFA?
What will my salary if I complete us CMA?

Please reply

[albano]

Once you have CFA and a masters degree in quantitative finance and risk management you dont need anything else

[medhir]

Hey Afzal,
I love your videos. Could you please make a video on the future of sustainable investing (or esg investjng)

Thanks brah

[johanmarco]

Hey Afzal! I’m a high school student who’s dabbled in a bit och stock investments and I was wondering if there was anyway I could show this on my cv? (e.g show my gains / losses in percent) I’m planning on applying to uni for a finance degree in the uk / us and thought that it would be a good idea to express my interest in the field, do you have any tips or is this maybe not a good idea?

[sksksk-cj]

If planning to work in US
CFA and FRM have no value here
I am not sure about UK or Asia pacific