The FRM (Financial Risk Manager) is a professional qualification issued to candidates aspiring to be risk management professionals with the accreditation of the Global Association of Risk Professionals (GARP).
To earn this reputed designation, the candidate is supposed to undergo 2 exams and work in the financial risk management field for at least 2 years. FRM exams holds a perpetual seat in the list of hardest exams because the passing rate barely ever crosses the 40-60% margin. Therefore, the importance of taking appropriate tuitions rises in a place like Mumbai, where the coaching options are never ending.
Thus, here are the top 5 FRM Coaching Classes in Mumbai:
Quintedge has the most unique offering amongst the lot. Their motto is to teach finance Intuitively – and they follow this methodology in all of their courses, be it CFA or FRM. They top our list of FRM prep providers due to this very reason.
All the faculties are industry experts, with ample experience in teaching this subject. Yash Jain (CA and FRM holder) is the lead instructor of the course at the institute. He has experience of almost a decade in teaching industry. He also holds a vast industry experience in Valuations, credit risk, Financial Modeling and Equity Research.
Both the parts of FRM are provided, in Live online and Recorded videos format.
They Provide the most comprehensive course amongst all the prep providers. The course duration is 150 hours, where 100-120 hours are given to exam specific preparation, and remaining hours are allotted to practical explanations of the concepts using excel.
The training is imparted for both the FRM exam parts- I and II.
- FRM Part I – Rs. 25,000 to Rs. 27,000
- FRM Part II – Rs. 26,000 to Rs. 28,000
As specified earlier, their uniqueness lies in the ‘intuitive learning’, wherein they follow no mug-up approach. The teacher explains each and every concepts through various visualization and story telling techniques, which etches the concept in the student’s mind for a long term.
The institutes claim to maintain a high passing rate of above 92% in the FRM exam. Also, the testimonials of students are the sheer evidence of the achievement made by the institute.
FinTree is a coaching institute in Mumbai, Hyderabad and Pune that offers courses such as CFA, FRM and FInancial Modeling. They promises to proliferate the best quality finance education to students.
Utkarsh Jain, the Chief Learning Officer at FinTree, leads the faculty team and has 10 years of teaching experience. He cleared both CFA and FRM programs on the first attempt. The other faculties, who assist him are also FRM part 2 cleared and some of them are Fintree’s alumni.
At FinTree, the preparations for both the levels of the FRM program, i.e., FRM part 1 and part 2, are provided. The modes of delivery are both recorded and Live (Online and offline).
Predominantly, there are on-demand video lectures available. The study hours for them are 90+ hours long. If you seek an institute that deep dives more into the syllabus, you can look for other choices on the list.
- FRM Part I – Rs. 24,000 to Rs. 48,000
- FRM Part II – Rs. 30,000 to Rs. 36,000
The appreciable teaching style of faculty is accompanied by innovative techniques. The out-of-the-box methods are adopted to encourage subject-content retention. For example, there are Q&A videos available, along with formula review lectures. Summarized notes (called Juice Notes and Commuter Notes) are also provided for quick retention.
The institute claims a pass rate of 80% for the overall FRM program, with the pass rate of FRM part 1 being 75%, as proclaimed.
EduPristine is one of the best coaching institutes in Mumbai for FRM courses. It is amongst those institutes in Mumbai that offer the topmost sought-after finance courses presently.
The team of EduPristine staff and mentors are well-qualified (Mostly FRMs) and come from the top-notch profiles from their respective field of masters. They incorporate a learning module that puts more emphasis on practical knowledge as well as real-life examples.
EduPristine does not offer courses and preparations for both the levels of FRM, i.e., Part 1 and Part 2. Instead, only Part 1 is available, and you might need another institute for Part 2 coaching.
The institute provides training for both Part I and Part II-
- Classroom training – Includes 75 hours classes for 15 days, 3-day revision, 35+ hours pre-recorded lectures, 650+ practice questions, topic-wise comprehensive notes, mind maps, 2-full mock tests, and doubt-solving forum. This costs INR 30,000.
- Self-study package – Includes all the features of classroom training except for 75 hours class for 15 days. It costs INR 17,500
For an instructor-led program, the course would last for 75 hours in a classroom and live online program, while it would be 60 hours for a recorded online course.
The study materials and teaching modes of the EduPristine faculty are totally exam specific and to-the-point. The material includes video lectures as well as around 650+ mock MCQs as well as planned question banks. They track and deliver lectures via LMS with 24/7 access to all online study materials.
Although it has never released its promised passing rate, it confers its efforts via boisterous results. EduPristine has trained more than 2000 students in India and also offers bachelor’s courses in a variety of finance as well as accounting fields.
ITS concepts is a Mumbai-based coaching institution that seeks to prepare the pupils for the FRM examination with conceptual clarity as well as promote inclusive study modules. Small recap quizzes, class notes, mock test series, and question banks are incorporated to boost preparation. It even elevates the level by providing rapid revisions like ‘FRM Crash Course’ and ‘FRM Rapid Revision.’
The FRM program preparations propelled by ITS Concepts contests to be the best amongst all as the faculty is highly qualified and quite dedicated towards quality learning. Their head Faculty is Nisha Mahajan, who is an FRM holder and MBA Finance with 10+ years of experience in this field of training students.
ITS Concepts provides training modules and preparations for the two levels of the FRM program, in online and offline modes. Live and Recorded online classes, both are available.
- FRM Part I – Rs. 20,000 to Rs. 30,000
- FRM Part II – Rs. 25,000 to Rs. 35,000
For Level 1, the lectures are roughly 80-90 hours in duration. For level 2, in total, 90 classroom hours are there to cover the topics fluidly.
Regular doubt-solving sessions, as well as a 30-40 mins test, are conducted every week. The online module will provide 24/7 access. Smaller batches are made for personalized attention. Also, the course is designed and executed in such a way that conceptual clarity, irrespective of whether the students have commerce background, is bound to be there.
Established in 2010, ITS Concepts emphasis more on intricate designing, of the FRM Prep Course. However, it doesn’t claim any past success rate.
Fintelligents conducts its FRM coaching classes in Mumbai. It was established in 2017, by an IIT-IIM Alumni Karthik Subramaniumrun with an aim of giving quality finance education to CFA and FRM aspirants.
Ganesh Nayak FRM (LinkedIn) – He has over 6.5 years of experience working in risk domain with companies like – Morgan Stanley, Nomura & Kotak Life Insurance
Fintelligents trains the pupils and enrollees for both the parts, i.e., FRM Part 1 and Part 2.
Various packages offered by Fintelligents are as follows-
- FRM Part I – Rs. 17,000 to Rs. 38,000
- FRM Part II – Rs. 19,000 to Rs. 39,000
All the above packages include 100 hours of video lectures, 3000+ Questions and 3 Mock exams
The entire runtime of the course is about 100-120 hours.
They conduct their module in smaller batches and cover all the important FRM topics precisely.. Fintelligents provide an exhaustive question bank along with mock papers and video lectures that are more than enough. Their holistic learning approach is also followed by elaborate doubt-solving sessions in each of the offered packages.
No Pass rate has been claimed by this institute.
The very fact that the FRM coaching industry is a perfect market and not a monopoly states that no coaching institute is perfect. It would entirely depend on the teaching pattern of the institute and what is suitable for the student.
Most of the FRM institutes have a video lecture or two available on the internet that can give you a flavor of their teaching pattern/style.
An ideal way would be to watch their available videos or talk to the faculty if they are available and decide your instructors for your FRM exam accordingly. All the very best for your FRM endeavor!
Frequently Asked Questions
Quintedge, Edupristine and Fintelligents are some of the best FRM coaching institutes in Mumbai
The average fees for FRM Coaching in Mumbai is around INR 30,000