Financial risk manager courses5/4/2023 ![]() Kaplan prices its courses a little differently than other providers, offering Parts I and II courses as separate packages instead of offering them as a bundle. While the Premium Package includes all these tools, the Essential Package excludes the online review workshop and online mock exams. Along the way, students can take check-in exams to track their progress and refocus their efforts on areas that need improvement. The Premium packages also feature online OnDemand workshops, online mock exams, and a resource library. In addition to the online courses, Kaplan provides multiple tools to enhance learning, including the SchweserPro QBank™, which contains hundreds of questions to fuel numerous practice quizzes. For the more challenging FRM exam, Kaplan has stepped up again with a resource-rich package that includes an online resources library, a robust question bank, and the ability to build quizzes, all backed by reliable instructor support, and a pass guarantee. Anyone who has taken one of Kaplan's securities exam prep courses knows how comprehensive those offerings are. When it acquired the Schweser Study Program in 1999, it became one of the best exam prep course providers for the CFA and FRM exams. Kaplan Financial has been a standard-bearer in financial education for more than five decades. However, Bionic Turtle's pass rate of 73% is substantially higher than the average pass rate on the exams. One drawback of Bionic Turtle's courses is they don't appear to offer a pass guarantee, unlike some of the other providers on this list who allow students to extend their access to course materials as long as needed to pass the exam. All courses are accessible for one year and can be extended for three months for an additional fee. ![]() For $449 each ($799 for the bundle), the Professional course adds focus review videos and learning spreadsheets. The Advanced course offered at $349 each for Part I and II (bundled for $599) adds instructional videos and interactive quizzes. The Basic course for $249 per year for each part separately ($399 for the bundle) includes full forum access, a question bank, study notes, and interactive mock exams. Course instructors also dip into the discussions to provide their insight and advice.īionic Turtle offers three tiers of courses separately as Part I and Part II, or as a bundle combining both. Bionic Turtle's forum has over 70,000 members discussing dozens of test-related topics. The practice exams and mock exams, designed to mimic real testing conditions, are interactive, responding to your answers to track your progress and continuously updating your study needs.Īnother vital feature sought by FRM candidates is a community forum, where students can engage with one another to brainstorm and commiserate over exam questions. The questions, which are continuously updated to match changes to the exam, can be used standalone or to feed a vast number of practice exams. Most FRM candidates will tell you that a course's question bank is a critical component in the study process, and Bionic Turtle's massive question bank with more than 4,000 questions is a few notches above the rest. The videos are accompanied by study notes to guide students through complex quantitative concepts. The course's cornerstone is the instructional videos with straightforward explanations and visual examples to help students solve exam questions. Its multi-media offering checks all the boxes for candidates looking for the right mix of resources to efficiently and effectively move them down the path to exam preparedness. With such a singular focus over that time, Bionic Turtle's FRM materials are exceptional if not best-in-class. We reviewed 12 exam prep course providers to identify the very best FRM exam prep courses in five different categories.īionic Turtle has been perfecting its FRM exam prep course since 2004. Anyone who has been through the process will tell you that the only way to mitigate the risk of failure is with a solid, well-designed FRM exam prep course. For those who manage to clear that hurdle, full FRM certification can only be achieved after two years of work experience in financial risk management.Ĭonsidering the time commitment and cost of going through the FRM certification process, the stakes for aspiring risk managers couldn't be higher. However, the challenging two-part exam has proven to be an obstacle for many, with more than half failing to clear the first part on their first attempt. In anticipation of future calamities, banks, corporations, hedge funds, and portfolio managers have become more risk-centric, attracting greater numbers to FRM certification. In the wake of the 2008 financial crisis, the demand for certified financial risk managers (FRMs) skyrocketed.
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