Monday, May 19, 2008

FRM, CFA and PKMC

Talking about investments, there are plenty educational opportunities out there which are related to investments. As for myself, I have taken these 3 exams as mentioned in my title.

FRM - Financial Risk Manager

This is exclusively for those who like to know more about risk and its application. Risk management are developing rapidly nowadays to contain risks in the companies, be it Market risk (risk due to changes of sentiments in the market, i.e. interest rate, monetary policies, economic policies, etc), operational risks (due to technicality issues, people, systems), credit (credit standings of a company, risk of default), legal risk (due to improper legal documentation), and etc.

CFA - Chartered Financial Analyst

This covers a wider area of investment compare to FRM. Anyone who is keen on being a fund manager or investment analyst should try this out. It is internationally recognized (so does FRM) and it's member are highly valued in the investment firms such as Merilyn Lynch, S&Ps, Bears and Sterns, Goldman Sachs (have an urge to spell all these names wrongly...hahah)..

PKMC - Persijilan Kewangan Malaysia

This is more applicable for Malaysian who aspire to be a dealer or work in treasuries dealing money market, FX, fixed income, derivatives, structured products and any tradable instruments as specified by Central Bank.

I have been through the last 2 and am currently preparing for FRM. God knows why I spend so much money on education, trying to find a better job, accumulate wealth (money wise) and knowledge wise just so that I can eanr enough money to be financial free and do away with a job...

I really think that we should love our jobs...but you know sometimes...it's not so easy...
cheers!

2 comments:

shazzain said...

Yup, its not easy to love our job..how r u doing? u taking FRM now? How's the CFA going?

btw, I'm taking CIPF - more on Islamic banking, juz trying it out, see if I can follow thru..

cheers

huisi said...

Hi Shaz, yep...taking this year...CFA? Put on hold...tired of it...haha...

Good for you! I'm sure you can. Take care!