In today’s dynamic financial landscape, risk management professionals are in high demand. Two of the most recognized certifications in this field are the Financial Risk Manager (FRM) and the Professional Risk Manager (PRM). If you are considering a career in risk management, you may be wondering: FRM vs PRM – which one is better?
At RBei Classes, we provide expert coaching for CFA & FRM under the mentorship of Deepak Goyal Sir, one of the best mentors for CFA & FRM in India, Dubai, USA, and other global financial hubs. In this detailed comparison, we will help you decide the best risk management certification based on your career goals.
Must Read: CFA VS FRM
What is FRM?
FRM (Financial Risk Manager) is a globally recognized certification offered by the Global Association of Risk Professionals (GARP). It focuses on financial risk assessment, risk modeling, and regulatory compliance. FRM-certified professionals typically work in risk management, asset management, banking, and financial consulting roles.
FRM Certification Requirements:
✔ Two-part exam – FRM Part 1 and FRM Part 2
✔ Two years of work experience in financial risk management
✔ Membership with GARP
FRM Career Opportunities:
- Risk Manager
- Credit Risk Analyst
- Market Risk Analyst
- Financial Consultant
FRM Salary:
The FRM salary varies based on experience and location. In India, an FRM-certified professional earns between ₹10-25 lakhs per annum, while in the USA, salaries range from $80,000 to $150,000.
What is PRM?
PRM (Professional Risk Manager) is another globally recognized certification, offered by the Professional Risk Managers’ International Association (PRMIA). It focuses on risk measurement, quantitative analysis, and risk control.
Deepak Goyal CFA & FRM
Founder & CEO of RBei Classes
- 16,000+ Students Trained in CFA, FRM, Investment Banking & Financial Modelling
- 95% Students Successfully Placed • 94.6% Pass Rate In Exam
PRM Certification Requirements:
✔ Four exams covering risk management, mathematics, finance, and ethics
✔ Membership with PRMIA
PRM Career Opportunities:
- Risk Consultant
- Enterprise Risk Manager
- Financial Risk Analyst
- Regulatory Risk Officer
PRM Salary:
The PRM salary is similar to FRM, with professionals earning between ₹8-20 lakhs per annum in India and $75,000 to $140,000 in the USA.
FRM vs PRM: Key Differences
| Feature | FRM | PRM |
| Offered by | GARP | PRMIA |
| Exam Structure | 2 parts | 4 exams |
| Time to Complete | 1-2 years | 1-2 years |
| Work Experience | 2 years (post-exam) | None required |
| Focus Area | Financial risk, quantitative models | Enterprise risk, regulatory risk |
| Recognition | Highly recognized in banking & finance | Growing recognition in corporate risk |
| Job Roles | Risk Manager, Market Analyst | Risk Consultant, Enterprise Risk Manager |
FRM vs PRM: Which One Should You Choose?
Choose FRM if:
✅ You want to specialize in financial risk management.
✅ You are targeting roles in investment banks, asset management firms, or financial consulting.
✅ You prefer a two-part exam structure.
✅ You want a certification with wider global recognition.
Choose PRM if:
✅ You want to focus on enterprise risk management.
✅ You are interested in roles related to regulatory compliance and corporate risk.
✅ You prefer a modular exam structure (four separate exams).
✅ You do not have work experience yet but still want a certification in risk management.
Best FRM Coaching in India, Dubai, USA – Learn from Deepak Goyal Sir
If you have decided to pursue FRM certification, choosing the right coaching is crucial. RBei Classes offers the best FRM coaching in Mumbai, Delhi, Bangalore, Dubai, and USA with Deepak Goyal Sir, a renowned mentor with over 10 years of experience.
Why Choose RBei Classes?
✅ Top CFA & FRM Faculty: Learn from Deepak Goyal Sir, the best FRM mentor.
✅ Comprehensive Study Plan: Structured learning with FRM books, practice questions, and mock tests.
✅ Personalized Support: One-on-one doubt-solving sessions and mentorship.
Final Verdict: FRM vs PRM – Which One Wins?
Both FRM and PRM are excellent risk management certifications. However, FRM is the more popular and widely recognized certification, especially in investment banking, financial risk management, and asset management. PRM, on the other hand, is more suited for enterprise risk professionals.
If you are still unsure, consult with our CFA & FRM expert mentor, Deepak Goyal Sir, to make the best choice for your career!
Start your FRM journey today! Enroll at RBeiset.com and learn from the best FRM mentor!
Also Read: FRM Course | Syllabus, Fees, Duration & Online Classes
