Accounting and Finance students receive GARP scholarships
Six Strathclyde postgraduate students from the Department of Accounting and Finance have been awarded scholarships to complete the Financial Risk Management (FRM) exam with the Global Association of Risk Professionals (GARP).
GARP is a non-partisan, not-for-profit membership organisation serving the risk management industry. Founded in 1996, GARP advances the profession through education, research and promotion of best practices through the GARP Risk Institute, GARP Benchmarking Initiative and an array of informational and certification programmes. GARP has 200,000 members in more than 190 countries and territories, and has certified more than 50,000 professionals.
These scholarships will cover the FRM Part II Exam, including the exam fee and e-books. The FRM Exam Part I is a 100-question multiple choice exam emphasising the tools used to assess financial risk: foundations of risk management, quantitative analysis, financial markets and products, and valuation and risk models. Part I is offered via computer-based testing (CBT) in May, August, and November 2024. On completion of this students will then go on to complete the part II exam.
The FRM is the true standard for educational excellence in risk management and a gateway to achieving new career heights in the risk profession. It has an elite network that spans over 80,000 individuals employed at the world’s top banks, asset management firms, consulting firms, and regulators.
When the FRM launched 25 years ago risk management was more of a loosely defined function than a profession. From the beginning GARP made sure the programme was shaped by top risk minds, guaranteeing it would evolve to meet the real-world needs of both practitioners and their firms. Risk management took a leap forward following the Global Financial Crisis, and the FRM cemented its status as the gold standard of risk certifications by preparing candidates to succeed in this newly prominent field.
Professor Andrew Marshall was instrumental in bringing these scholarships to Strathclyde Business School and has successfully awarded these to the benefit of students for a number of years.
Published: 19 June 2024
