Dear leaner,

I can clearly say that without limiting your profile with bcom commerce one can lead career as financial risk manager.

For FRM duration of years takes 3to4 years minimum.and admission is based on entrance test and merit .

Becoming FRM is a mostly of 3 important steps

1.education: bachelor degree in the relevant subjects and minimum to work

Most jobs wants master's degree in this

2.experience - must have experience in background or atleast 2 years minimum work experience.

3.exams - you must have clear level 1 and 2 of frm program within 4 years,and must cleared within 5 years of clearing part 2 exam.

The average salary for FRM is 900,000.

Here are some best colleges in India .

Indian school of business and management -delhi with fee -14,900

University of mumbai-16,000

Ramanujan college -5000

Indian school of business Hyderabad -14,900.

Here is the link for additional details,go through it. https://bschool.careers360.com/colleges/list-of-risk-management-colleges-in-india .

All the best.

Hello Aspirant,

duties under a Risk Management job description include the following:

Designing and implementing an overall risk management process for the organisation, which includes an analysis of the financial impact on the company when risks occur

Performing a risk assessment: Analysing current risks and identifying potential risks that are affecting the company

Performing a risk evaluation: Evaluating the company’s previous handling of risks, and comparing potential risks with criteria set out by the company such as costs and legal requirements

Establishing the level of risk the company are willing to take

Preparing risk management and insurance budgets

Risk reporting tailored to the relevant audience. (Educating the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks)

here’s what you need to know about pursuing a career as a risk manager or risk consultant:

Education Requirements

You will need at least a bachelor’s degree in business, mathematics, or complete a dedicated risk management program at an accredited school. These degree programs provide you with advanced financial management and business skills you will use throughout your career. Schools that offer a risk management degree program or courses that prepare you for a career as a financial analyst will best serve you in the long-term.

State Licensure Requirements

Licensing requirements for risk managers vary from state to state. Some states have specific licensing requirements for those that wish to work in health care, for example. Other states will offer licensure opportunities through the state Department of Insurance. You will need to find out what your state’s licensing requirements are and pass a state-administered exam before you can move forward with your career.

Risk Consultant Certification

You can explore certification with The National Alliance for Insurance Education & Research to earn the Certified Risk Manager (CRM) credential. The alliance offers both classroom and online course formats that consist of 2 1/2 days of instruction and an optional exam.

You can also start the certification process as an Associate Actuary as you complete your college education. The Society of Actuaries (SOA) certifies professionals working in the finance, insurance, and investment fields. The Casualty Actuarial Society (CAS) certifies professionals who will specialize in property and casualty insurance. If you choose to become a certified actuary, it can take between 4 to 6 years for you to pass all exams and attend required seminars.

Actuary Fellowship Certification

After you have become a certified professional, you can complete an additional 2 to 3 years of training to pursue specialty certification with the SOA. This can enhance your skill set, keep you current about the industry, and make you more valuable to future employers. If you decide to specialize in pensions, the federal government requires you to complete a registration process by enrolling with the Joint Board for the Enrollment of Actuaries of the U.S. Department of Treasury.

Training to Be a Risk Manager

Many companies train consultants on the job but you can gain valuable work experience in the field by applying for an internship during your last year of college. The training program will give you a chance to work on projects with a team of actuaries, consultants, and other financial professionals. You may be responsible for writing reports and completing sample cases for review.

Consultant Opportunities

Once you are certified and have obtained enough work experience, you may be in a position to work for companies as an independent contractor or be hired for full-time employment. Joining professional organizations and making sure you stay up-to-date on all certifications is critical to your success as a risk management professional. As you earn your certifications and credentials, you may be able to assume associate or assistant positions working under the supervision of qualified professionals to obtain work experience.

Feel free to ask me in the comment box if you are having any further doubts

hope you find it helpful

Good Luck!

Hey Sandesh,

The top colleges for RisK Management course in india are,

1. Aligarh Muslim University, Aligarh

2. Manipal Academy of Higher education, Manipal

3. International school of business and media, Pune

4. CMJ University, Shillong

5. Institute of insurance and risk management, Hyderabad

Hello,

Subjects:

Part 1

• Quantitative analysis,
• Fundamental risk management concepts,
• Financial markets and products, and
• Valuation and risk models.

Part 2

• Market risk
• Credit Risk
• Operational Risk
• Risk management and investment management
• Current issues in Financial Markets

Hey.

Various aspirants with degrees in business, law, finance or a related field, MBA or CA can enter the field of risk management. A few universities offer specialised risk management certifications and degrees too now a days.

Some of the Global certifications in this course which are available through authorised centres in India are– Financial Risk Management (FRM) from GARP (Global Association of Risk Professionals), Professional Risk Management (PRM) from PRMIA (Professional Risk Managers’ International Association)