If you are an FRM aspirant and looking for FRM coaching and classes to help yourself in preparation of the exam, we already know how much confusing it can be. Here, we have listed down some of the best coaching institutes with brief details of what they offer to help you with your FRM preparation.
About FRM Exam
Financial Risk Manager (FRM) Exam is recognized in every major market. It is the leading certification for risk managers which is conducted by GARP (Global Association of Risk Professionals). It is consistently in demand by nearly every major bank and firm in the world, and is awarded only to professionals who demonstrate the knowledge and ability to anticipate, respond, and adapt to critical risk issues. It’s the most esteemed and widely accepted risk management certification.
The exam has 2 Levels and it is conducted twice for both levels in a particular year. Let us now dwell into some of the best coaching institutes for FRM preparation
QuintEdge
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.
Faculty
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.
Past Results
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.
Learning Methodology
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
Strength
Training by risk experts – when an industry expert trains you invariably you would get insights and working knowledge of the risk industry.
Fees
Fees for various packages is as follows –
- FRM Part I – $250 onwards
- FRM Part II – $275 onwards
This includes 150+ hours of HD Videos, summarized notes, Unlimited doubt solving, discussion forum and summarized formula sheet.
Contact
+917303381314, info@quintedge.com
Analyst Prep
This is an indifferent entry to the list, for students who have difficulty understanding topics from the book (Schweser) and are on a budget. Imagine an instructor reading out the topics from the book to you and explaining you in brief what the chapter and topic is all about – that is what Analyst prep does and you do not have to pay a single penny for it.
All these videos are available on YouTube. However, If you want access to their question banks and other facilities, then you will have to pay for it. For students who are looking for basic understanding of the topics and not an in-depth analysis, this can be an ideal choice.
Faculty
Prof. James Forjan PhD, CFA (LinkedIn) – with over 25 years of teaching experience, he has highest experience in the teaching industry amongst the lot.
Past Results
The institute does not claim any pass rate.
Learning Methodology
Basic and exam-oriented approach. This saves a lot of time for the student. However, there is no coverage of practical or real life examples.
Strength
They have the faculty with the highest experience in the industry. Also, the instructor is well known for teaching time-saving techniques during the exam,
Fees
All the videos are freely available on their Youtube channel. However, their paid offerings are as follows-
- Practice packages – $249
- Learning Package – $399
The practice package includes Question Bank and Mock Exams. Whereas, the learning package, in addition includes premium video lessons and study notes
Contact
(+1) 438 448-8812, support@analystprep.com
SSEI
Well Known in the education industry, with over 20 years of experience, SSEI (Sanjay Saraf Educational Institute) focuses on imparting knowledge that not only helps you clear exam but makes you industry ready as well.
Faculty
Karan Agrawal CFA, FRM (LinkedIn) – He worked with Barclays Bank as a Risk Analyst where he sharpened his skills on VAR models and also worked on developing Back testing Models using Excel and VBA
Past Results
The institute does not claim any pass rate.
Learning Methodology
Practical learning, Conceptual and Case Based
Strength
They try to give exemplified idea where you feel like some one is narrating a story; this makes study stress free. They also offer 40-50 hours of content related to python, MS Excel and SQL with FRM part 2 courses to make one industry ready.
Fees
Packages start from $376. It includes study notes, Video lectures, Separate app/platform dedicated for watching lectures and Question banks.
Contact
+91-8100300400, info@ssei.co.in
Fintelligents
They became widely popular with their revision lectures/live sessions on YouTube during FRM part 1 exam window duration. Their strength is that they deliver well balanced mix of institutionalized education and personal attention to students. They have over 7 years of experience and trained over 1000 students for the finance world.
Faculty
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.
Past Results
The institute does not claim any pass rate.
Learning Methodology
Strictly Exam oriented approach. No coverage of industry specific practical knowledge.
Strength
Budget friendly, Experienced faculty in Finance and Risk domain
Fees
Various packages offered by Fintelligents are as follows-
- Self Paced Course – $200
- Live Online Classes – $295
- Classroom Program – $362
All the above packages include 100 hours of video lectures, 3000+ Questions and 3 Mock exams
Contact
+91-9819137880, info@fintelligents.com
Midhafin
It’s a lesser-known name in the industry or a gem yet to be discovered. A relatively new name to most of the students but actually they have been one of the oldest Prep providers for FRM part 2 in the country. Many students seek personal attention and are not comfortable with big institutes as listed above, they can consider Midhafin.
Faculty
Micky Medha CFA, FRM, LLB & BE (LinkedIn) – He has over 9 years of experience in instructing students for CFA and FRM. You can try searching for his feedbacks on Quora and google, it would be hard to find a negative review.
Past Results
The institute does not claim any pass rate.
Learning Methodology
Individual attention along with conceptual knowledge.
Strength
Being from engineering background, the instructor specializes in Quants. Also, they’re most budget friendly among the list.
Fees
Various packages offered by Midhafin are as follows –
- Self Paced Course – $180 for each part
- Live Online Classes – $445 for each part
- One to One sessions – Customized pricing as per the requirement and budget
The first two packages include Video Lectures, Study Material PDFs, customized study plan, past sample paper solutions and Mock tests. Additionally, for every topic they have 5-6 questions which is good enough to cover the entire topic once you solve them.
Contact
+91-9155199555, midhafin@gmail.com
Miles Education
Miles Education is one of India’s fastest-growing higher edtech companies. Their mission is to upskill students and professionals to help them be future-ready and enable their career progression. They are providing CFA coaching in collaboration with Kaplan Schweser, the leading global provider of financial education in an effort to provide their students with the best training possible.
Faculty
The instructors at Miles Education in collaboration with Kaplan Schweser are highly qualified and experienced professionals with a deep understanding of the finance industry. Many of them hold advanced degrees in finance, accounting, or business, have earned professional designations such as the CFA, FRM, or CAIA, and have multiple years of teaching in the industry.
Past results
The Institute Doesn’t claim any past success rate
Learning Methodology
Skill based teaching to help students become future-ready and enable their career progression.
Strength
Authentic Kaplan study material and access to one-on-one mentoring sessions by Kaplan FRM experts.
Fees
The fee for every Part is the same at INR 40,800 which includes Kaplan Schweser Study Material
Contact
+91-8929959835, info@mileseducation.com
Poll Results
Conclusion
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
It is not necessary to join coaching classes for the FRM exam, although with the help of an experienced faculty you will be able to understand the topics in detail.
The average fees for FRM Prep Course is $250
The difficulty of FRM part 1 is intermediate, whereas FRM part 2 is considered to be highly difficult.