CFA vs FRM in India
I work in risk management at a private sector bank in India and I'm trying to decide between CFA and FRM. My manager has a CFA and recommends it broadly but a few of my colleagues in risk say FRM is more directly relevant to the work we do and is faster to complete.
From what I understand CFA is 3 levels taking 2 to 4 years while FRM is 2 parts that most people complete in 1 to 2 years. The CFA is broader covering investment analysis, portfolio management, and economics in addition to risk. FRM is narrower but deeper on quantitative risk methods.
For someone who genuinely wants to build a career in risk management in India, specifically in credit risk or market risk at a bank or NBFC, which credential gives more career leverage? And is there a scenario where doing both makes sense?
From what I understand CFA is 3 levels taking 2 to 4 years while FRM is 2 parts that most people complete in 1 to 2 years. The CFA is broader covering investment analysis, portfolio management, and economics in addition to risk. FRM is narrower but deeper on quantitative risk methods.
For someone who genuinely wants to build a career in risk management in India, specifically in credit risk or market risk at a bank or NBFC, which credential gives more career leverage? And is there a scenario where doing both makes sense?