That largely depends on your career path. Generally speaking, FRMs are meant for managerial roles that focus specifically on risk (i.e., credit risk manager, regulatory risk manager, operational risk manager, and more). By contrast, CFA charterholders are primarily investment management professionals (i.e., investment analyst, portfolio manager, financial adviser, etc.).<\/p>" } } , { "@type": "Question", "name": "Is FRM Tougher Than CFA?", "acceptedAnswer": { "@type": "Answer", "text": "
FRM exams are tough, but not as difficult as the CFA exams.<\/p>
The pass rates for FRM Part 1 fall in the range of 40% to 50%; in 2023, the pass rate was 45%. For Part 2, they range between 50% and 60%, with a rate of 53% in 2023.<\/span><\/p> For the CFA exams, historical pass rates<\/a> for Level 1 and Level 2 are generally in the range of 35% to 50%. Level 3 pass rates are usually in the ballpark of 50%.<\/span> It's this combination of lower pass rates and the additional exam that makes the CFA tougher than the FRM.<\/p>"
}
}
,
{
"@type": "Question",
"name": "How Much Does the FRM Cost?",
"acceptedAnswer": {
"@type": "Answer",
"text": " The FRM charges a one-time enrollment fee of $400 to first-time FRM candidates.<\/p> From there, standard registration is $800 for Part 1 and another $800 for Part 2. Candidates who register early, however, are able to get a discounted rate of $600 for Part 1 and $600 for Part 2.<\/span><\/p>"
}
}
]
} ] }
]