Master of Science in Financial Investment and Risk Management (FIRM)
Your Route to Financial Professional Excellence and Achievement
The first CFA Program Partner in Thailand
The first and only GARP Academic Partner in Thailand
Why Master of Science in Financial Investment and Risk Management (FIRM)
For the first time in Thailand, the Graduate School of Business Administration (GSBA) of the National Institute of Development Administration (NIDA), NIDA Business School, has combined the two most internationally respected designations in the financial community to bring you a Master of Science program with emphasis in financial analysis and risk management that prepares the student for the CFA© and FRM© exams.
Financial professionals already know the significance that major investment/mutual fund companies and investment banks place on having either one of these two designations. By combining the knowledge base of the Chartered Financial Analyst© (CFA) and the Financial Risk Manager© (FRM), the Master of Science in Financial Investment and Risk Management Program (MSc in FIRM) gives the student the knowledge of portfolio management and investment analysis combined with the ability to dynamically manage risk in the real-world. These two knowledge bases are complementary and having both of them creates a synergy that differentiates the holders of both designations from other MBAs as well as from those that have a single designation.
Growth in world financial markets has created an unprecedented demand for investment practitioners, hence establishing the importance of a globally accepted standard with which employers and investors can validate the knowledge integrity, and professionalism of investment managers and financial analysts. That standard is the Chartered Financial Analyst (CFA) Program. The Chartered Financial Analyst© designation was first instituted in 1963 and has become the de-facto standard for financial professionals who work in the global investment community. For details, visit the CFA website: http://www.cfainstitute.org/
No other designation within the investment management profession carries as much prestige as the CFA Charter. The list of individuals who have completed the program reads like a Who's Who of the global investment industry and includes CEOs and partners of the top investment firms, world reputable investment strategists and leading academics. Achieving the CFA designation places a Charter Holder in well-known investment companies. CFA designation provides respect and credibility for its holder in every career stage.
More importantly, the NIDA MSc in FIRM has been selected by CFA Institute as the first CFA Program Partner in Thailand. With this partnership, the NIDA Business School joins a selected group of CFA Program Partner business schools from famous universities around the world, for example, Cornell University, Indiana University at Bloomington, University of Illinois – Urbana Champaign, New York University, University of North Carolina (Chapel Hill), University of Wisconsin – Madison, Imperial College, INSEAD, London Business School, University of Cambridge, Nanyang Technological University, National University of Singapore, and Singapore Management University.
Recognition as a CFA Program Partner signals to potential students, employers, and the marketplace that the university curriculum is closely tied to professional practice and is well-suited to preparing students to sit for the CFA examinations. Students in the MSc in FIRM program will gain access to CFA Institute textbooks, journals, webcasts, and other educational resources. Students will also benefit from professional development events held in conjunction with the CFA Society of Thailand, the local membership body for CFA Institute candidates, charterholders, and members.
We are very pleased to be a CFA Program Partner with CFA Institute. The CFA designation is highly regarded in the investment management field and this partnership indicates to our MSc in FIRM program students that they are getting a rigorous, real-world education here at the NIDA Business School. They will be exposed to the CFA Candidate Body of Knowledge, concepts, and principles, which have been identified by investment experts from around the globe as being essential to global financial practice. By attaining these basic skills of the CFA Program, students will be well-prepared for the the CFA examinations, said Dr. Nattawut Jenwittayaroje, CFA, the director of the MSc in FIRM program.
During the last 10-15 years the financial markets have grown increasingly volatile, and this may be indicative of the business environment in this millennium. A certified Financial Risk Manager© (FRM) is able to expertly manage the risks using the most advanced risk management tools for the dynamically changing business environment. For details, visit the FRM website: http://www.garp.com/
The FRM certification is administered by the Global Association of Risk Professionals (GARP) based in the US. The FRM designation is highly recognized by leading global investment organizations worldwide. Given the intrinsic dynamics of the financial environment in the Asian region along with globalization, the need for risk management, especially in Asia, will most likely experience supernormal growth during the near future.
In 2016, the NIDA MSc in FIRM program becomes an Academic Partner with GARP. Under GARP’s Academic Partnership program, the courses offered by our MSc in FIRM programs are closely aligned with GARP’s body of knowledge. Being an Academic Partner with GARP, the FIRM program is offered a wide range of benefits, including rigorous instruction with practitioner-driven insight to ensure that our FIRM students are well-equipped for the demands of the global financial industry.
The NIDA MSc in FIRM program presents itself as a double-barreled shotgun approach because this program covers two of the most important international designations in the financial community. NIDA Business School has utilized its faculty members, many of whom have earned the CFA and FRM designations, and the experts in risk management and the investment community, to develop and deliver the curriculum used in the Master of Science in Financial Investment and Risk Management (MSc in FIRM).
Being the first university in Thailand to offer an MBA Program, the GSBA of NIDA continues to bring innovative curriculum to its students, allowing them to differentiate themselves as well as supplying them with the most advanced tools that they need to be mobile in the global workplace. Obtaining both designations will place the graduate in an elite group of investment professionals.