Financial Risk Management is the management of the finance of a company to mitigate or address the risk associated with the company’s finance flow. In fact, professionals evaluate the possible risk that a company’s finance face and comes out with the best solution to deal with any critical issues.
Students with keen intellect in statistics, mathematics, and management can take up financial risk management courses. They must score at least 50% in class 12 to get admission to an undergraduate course in financial management. Students, through the course, must upskill themselves to get a good job position in the competitive job market. Check: Financial Risk Manager Qualification
The Financial Risk Management courses are offered at Certification, Diploma, PG Diploma, Undergraduate and Postgraduate levels. Also, students can also choose online courses from trustworthy platforms like Udemy, Coursera, Alison, and Edx. The courses provided by these platforms come at reasonable prices and other benefits.
After the course, learners have a plethora of job roles to explore and apply for the best suitable one; some of them are Financial Risk Managers, Market Risk Specialists, Operational Risk Analysts, Investments Analysts, and Budget Analysts.
Regarding salary, individuals working in the risk management sector get an average salary of INR 2,00,000 - INR 12,00,000 per annum. However, the annual average wage depends on the job roles that a person has applied for.
Table of Contents
1.1 Financial Risk Management Certification
1.2 Diploma in Treasury Investment and Risk Management
1.3 Post-Graduate Diploma in Financial Risk Management
1.4 Diploma in Financial Risk Management
1.6 M.A. Financial Risk Management
1.7 Master of Insurance and Risk Management
1.8 MBA Financial Risk Management
3.1 Course Duration
- Course Free Online
- Financial Risk Management Course Fees in India
- Financial Risk Management Course in India
6.1 Hyderabad
6.2 Chennai
6.3 Kolkata
6.4 Delhi
6.5 Kerala
6.6 Mumbai
6.7 Pune
6.8 Canada
6.9 Singapore
Financial Risk Management Courses
There are a number of Financial Risk Management courses offered by top online platforms and institutes in India. All the different categories of courses have been discussed below in detail.
Financial Risk Management Certification
| Course Name | Course Fees |
|---|---|
| Financial Risk Manager (FRM) Certification: Level I | INR 3,200 |
| Financial Risk Manager (FRM) Certification: Level II | INR 3,200 |
| Corporate Bridge Academy | INR 20,000 |
Diploma in Treasury Investment and Risk Management
| Course Name | Course Fees |
|---|---|
| Diploma in Treasury Investment and Risk Management | INR 50,000 |
Post-Graduate Diploma in Financial Risk Management
| Course Name | Course Fees |
|---|---|
| Post Graduate Diploma in Risk Management | INR 8,75,000 |
| Post Graduate Diploma in Management -Insurance and Risk | INR 55,000 |
Diploma in Financial Risk Management
| Course Name | Course Fees |
|---|---|
| Diploma in Financial Engineering and Risk Management | INR 55,000 |
| Diploma in Insurance and Risk Management | INR 55,000 - INR 60,000 |
| Diploma in Risk and Insurance Management | INR 50,000 |
BBA in Risk Management
| Course Name | Course Fees |
|---|---|
| BBA Risk Management | INR 5,000 - INR 5,00,000 |
M.A. Financial Risk Management
| Course Name | Course Fees |
|---|---|
| M.A. Financial Risk Management | INR 6,000 - INR 5,00,000 |
Master of Insurance and Risk Management
| Course Name | Course Fees |
|---|---|
| Master of Insurance and Risk Management | INR 5,000 - INR 4,00,000 |
MBA Financial Risk Management
| Course Name | Course Fees |
| MBA Risk and Insurance Course | INR 80,000 - 1,50,000 |
Financial Risk Management Course Eligibility
- The minimum eligibility to get admission in a certificate course in Financial Management is 10+2. However, before buying any online course, students must check the prerequisites required to pursue the course.
- For admission to a diploma in FRM, students must pass their class 12 examination.
- A minimum of 50% is required to enroll in PG Diploma in Financial Risk Management course.
- Students seeking admission at Bachelor’s level in Financial Risk Management must get at least 50% in 10+2 and qualify for the entrance exams conducted by the institutes.
- For the postgraduate level, 50% in graduation is mandatory. Alon with this, students are required to appear for the entrance exams held by various colleges in India.
Financial Risk Management Course Details
- Risk Management courses are offered at all levels, starting from certification to postgraduate. In fact, top online platforms like Udemy, Coursera, and Edx, to name a few, offer Financial Risk Management courses at a reasonable cost. Students can also pursue risk management courses online for free.
- The duration of the courses varies as per the course level.
- Delhi University Joint Entrance Exam, Manipal Entrance Exam, CAT, MAT, CMAT, etc., are some of the entrance exams conducted for admission to risk management courses at graduation and postgraduation levels.
- To pursue a course in financial risk management, students should have certain skills like communication skills, a good understanding of business, industry knowledge, and analytical and negotiation skills.
- The course provides a range of opportunities for a future career. Students can choose job positions such as Risk Management Analyst, Risk Engineer, Investment Analyst, Business Analyst, etc.
- The annual average salary of people working in the risk management sector ranges between 2 Lakhs to 12 Lakhs.
Financial Risk Management Course Duration
- Financial Risk Management Certification: A few hours to 1 year
- Diploma in Treasury Investment and Risk Management: 6 months - 1 year
- Post-Graduate Diploma in Financial Risk Management: 1 - 2 years
- BBA in Risk Management: 3 years
- M.A. Financial Risk Management: 2 years
- Master of Insurance and Risk Management: 2 years
- MBA Financial Risk Management: 2 years
Financial Risk Management Course Free Online
| Course Name | Platform |
|---|---|
| Risk Management and Credit Principles | New York Institute of Finance, New York via Edx |
| Credit Risk Management in Banking | State Bank of India via Edx |
| Risk Management in Banks | State Bank of India via Edx |
| Operational Risk Management | Alison |
Financial Risk Management Course Fees in India
| Courses | Course Fees |
|---|---|
| Post Graduate Diploma in Risk Management | INR 8,25,000 |
| Post Graduate Diploma in Management -Insurance and Risk | INR 55,000 |
| BBA Risk Management | INR 3,00,00 – INR 5,00,000 |
| Master of Insurance and Risk Management | INR 75,000 |
| M.A. Financial Risk Management | INR 50,000 |
| MBA Risk and Insurance Course | INR 80,000 - INR 10,00,000 |
Financial Risk Management Course in India
| Course Name | College Names | Course Fees |
|---|---|---|
| Post Graduate Diploma in Risk Management | Global Risk Management Institute | INR 8,25,000 |
| Post Graduate Diploma in Management -Insurance and Risk | MIT School of Distance Education (MITSDE) | INR 55,000 |
| BCom in Banking and Insurance | Mumbai University | INR 10,850 |
| Postgraduate Diploma in Financial Risk Management | Institute of Insurance and Risk Management | INR 9,27,000 |
| Advanced Diploma in Risk and Safety Management | Indian School of Business Management and Administration, Hyderabad | INR 14,900 |
| Professional in Banking and Insurance | Indian School of Business Management and Administration, Bangalore | INR 25,900 |
| MBA Risk and Insurance | All India Institute of Management Studies, Chennai | INR 1,20,000 |
Financial Risk Management Course in Hyderabad
| Course Name | College Names | Course Fees |
|---|---|---|
| Postgraduate Diploma in Financial Risk Management | Institute of Insurance and Risk Management | INR 9,27,000 |
| Advanced Diploma in Risk and Safety Management | Indian School of Business Management and Administration, Hyderabad | INR 14,900 |
Financial Risk Management Course in Chennai
| Course Name | College Names | Course Fees |
|---|---|---|
| MBA Risk and Insurance | All India Institute of Management Studies, Chennai | INR 1,20,000 |
| Diploma in Financial Risk Management | Bharat Sevak Samaj | INR 1,30,000 |
| Certificate in Risk Management | BSE Institute Limited | INR 1,35,000 |
Financial Risk Management Course in Kolkata
| Course Name | College Names | Course Fees |
|---|---|---|
| BBA Risk Management | Bharatiya Vidya Bhavan Institute of Management Science | INR 2,70,000 |
| BBA Insurance and Risk Management | Maulana Abul Kalam Azad University of Technology | INR 1,50,000 |
Financial Risk Management Course in Delhi
| Course Name | College Names | Course Fees |
|---|---|---|
| PG Diploma in Financial Risk Management | ATM Global Business School | INR 2,90,000 |
| Postgraduate Diploma in Management (Research and Business Analytics) | Lal Bahadur Shastri Institute of Management | INR 12,90,000 |
Financial Risk Management Course in Kerala
| Course Name | College Names | Course Fees |
|---|---|---|
| Diploma in Treasury, Investment, and Risk Management | Addition Skill Acquisition Programme (A Government of Kerala) | INR 34,456 |
Financial Risk Management Course in Mumbai
| Course Name | College Name | Course Fees |
|---|---|---|
| Insurance Management | University of Mumbai | INR 23,100 |
Financial Risk Management Course in Pune
| Course Name | College Name | Course Fees |
|---|---|---|
| Financial Risk Management | EduPristine | INR 6,500 (Package 1) INR 17,500 (Package 2) |
| Global Financial Compliance | Elegant Training Centre | INR 65,004 |
Financial Risk Management Course in Canada
| Course Name | CollegeNames | Course Fees |
|---|---|---|
| Business Administration Diploma - Insurance and Risk Management Major | Bow Valley College | INR 9,64,557 per year |
| Graduate Certificate in Insurance and Risk Management | Fanshaw College | INR 10,64,214 per year |
| Graduate Diploma in Emergency Management | Wilfrid Laurier University | INR 9,00,000 |
| Bachelor of Emergency Management | Cape Breton University | INR 11,63,339 |
Financial Risk Management Course Singapore
| Course Name | CollegeNames | Course Fees |
|---|---|---|
| Financial Risk Manager Certification Training Program Part I and Part II (Accredited by the Institute of Banking and Finance) | National University of Singapore | INR 11,00,000 |
Financial Risk Management Syllabus
The financial Risk Management syllabus is tabulated below. The syllabus is mentioned in brief for students of undergraduate level.
| Modules | Topics |
|---|---|
| Foundations of Risk Management | Market, Credit, Counterparty, Liquidity risk, Operational, Model, Reputational, Compliance Risk |
| Quantitative Apptitude | Fundamentals of Probability, Random Variables, Common Univariate Random Variables, Multivariate Random Variables, Sample Moments |
| Market Measurement and Management | Estimating Market Risk Measures, Non-Parametric Approaches, Parametric Approaches (II): Extreme Value, Backtesting VaR, aR Mapping, Messages from the Academic Literature on Risk Management for the Trading Book |
| Risk Management and Investment Management | The Credit Decision and Analysis, Classifications and Key Concepts of Credit Risk, Capital Structure in Banks, Rating Assignment Methodologies, Credit Risks and Credit Derivatives, Spread Risk and Default Intensity Models, Portfolio and Structured Credit Risk, Counterparty Credit Risk |
| Current Issues in Financial Markets | Factor Theory, Factors, Alpha (and the Low-Risk Anomaly), Portfolio Construction, Portfolio Risk: Analytical Methods, VaR and Risk Budgeting in Investment Management, Hedge Funds, Performing Due Diligence on Specific Managers and Funds |
| Financial Markets and Products | commercial banks, investment banks, insurance companies, hedge funds, mutual funds, types of derivative products, fixed income |
| Valuation and Risk Models | Measures of Financial Risk, Calculating and Applying VaR, Pricing Conventions, Discounting, and Arbitrage, Measuring and Monitoring Volatility |
| External and Internal Ratings, Country and Operational Risk, Credit Risk and Capital Modelling, Interest Rates, Measuring and Monitoring Volatility, External and Internal Ratings, Country Risk | |
| Credit Risk Measurement and Management | The Credit Decision and Analysis, Classifications and Key Concepts of Credit Risk, Capital Structure in Banks, Rating Assignment Methodologies, Credit Risks, and Credit Derivatives, Spread Risk, and Default Intensity Models |
| Portfolio and Structured Credit Risk, Counterparty Credit Risk, Portfolio Credit Risk, Structured Credit Risk, Counterparty Credit Risk, Netting, Compression, Resets, and Termination Features | |
| Collateral, Credit Exposure and Funding, Credit and Debit Value Adjustment, The Credit Transfer Markets – And Their Implications, An Introduction to Securitisation | |
| Operational and Integrated Risk Management | Principles for the Sound Management of Operational Risk, Enterprise Risk Management: Theory and Practice, What is ERM, Banking Conduct, and Culture: A Permanent Mindset Change, Risk Culture, Stress Testing Banks, Guidance on Managing Outsourcing Risk, Management of Risks related to Money Laundering and Financing of Terrorism, Risk Capital Attribution, and Risk-Adjusted Performance Measurement |
| Range of Practices and Issues in Economic Capital Frameworks, Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice |
Skills Required to Pursue Financial Risk Management Courses
| Analytical Skills | Knowledge of Business |
| Communication Skills | Negotiation and Diplomacy Skills |
| Quantitative Risk Management Skills | Statistics |
Financial Risk Management Salary
| Jobs Roles | Salary |
|---|---|
| Tax Advisor | INR 2,00,000 - INR 3,00,000 |
| Business Analyst | INR 3,00,000 - INR 5,00,000 |
| Investment Analyst | INR 2,60,000 - INR 28,00,000 |
| Budget Analyst | INR 7,00,000 - INR 8,00,000 |
| Data Analyst | INR 5,00,000 |
| Risk Specialist | INR 7,70,000 |
| Risk Management Analyst | INR 4,60,000 |
| Risk Analyst and Manager | INR 12,00,000 |
Scope of Financial Risk Management Courses
The scope of Financial Risk Management is not limited. From certification to a postgraduate course, a wide range of job positions are there for which students can apply. Risk quantification manager, market risk specialist, and credit risk specialist are a few job prospects that students can look for after graduation.
- The course provides industry-ready skills to deal with any critical issues.
- After successful completion of the course, students can apply for job opportunities in sectors like insurance, bank, auditing firms, educational institutes, and government sectors and reap the benefits.
Financial Risk Management Courses: FAQs
Ques. Can I learn Financial Risk Management courses Online?
Ques. Which is the Financial Risk Management Free Online Course in India?
Ans. There are various courses online, but pursuing a Financial Risk Management course from a recognized academy adds value to your resume. Some of the best online Financial Risk Management courses are offered by: Udemy, Coursera, Upgrade, FutureLearn, edX
Ques. How to self-study Financial Risk Management at home?
Ans. Since we are living in the world of the digital web, there are tons of resources available online which are very good in quality and FREE too. So, the Internet can be one of the ways to self-study Financial Risk Management at home and the other will be reading books.
Ques. How much does it cost to do a Financial Risk Management course?
Ans. Fees for Financial Risk Management Course may vary as per the institute you choose. There are online certifications available, but the individual fee depends on the level of the course and where you pursue the course from. The average fee charged ranges from around INR 2,00,000 to 6,00,000.
Ques. Is it worth pursuing a Financial Risk Management course?
Ans. It is definitely worth pursuing a Financial Risk Management course as it multiplies your chances of getting hired by a good and reputed firm.
Ques. What is the scope of Financial Risk Management?
Ans. Financial Risk Management has a good scope in India as due to industrialization and increasing establishment of businesses there is high demand for individuals having ability to solve their financial complexities.
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