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Old 27.12.2019, 01:07
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Is FRM certification useful in Switzerland?

Dear all,

I would appreciate your advice on the following question.

Having received my Ph.D. in physics in 2015, I have worked for 4 years at start-ups and small companies as a software developer/analyst.

Today I am looking for a career change, and the sector of risk or/and finance looks very attractive.

I know that today there are many certifications available (CFA, FRM...).
Would the FRM certification be beneficial for such a career move?

I am 35 with children, so I do not have much free time.

Thanks in advance
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Old 27.12.2019, 14:16
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Re: Is FRM certification useful in Switzerland?

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Having received my Ph.D. in physics in 2015, I have worked for 4 years at start-ups and small companies as a software developer/analyst.
How does your experience and education fit with your career move?

It doesn’t always have to fit but you have to look for the strong skills in your area of expertise that can be transferred over to your target job.

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the sector of risk or/and finance looks very attractive.
Why does it look very attractive? Keep asking that question over and over until it is clear to you what the real motivation for this change. This is very important because it will guide you along the way and will be good practice and info for interviews with your perspective employers.

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I know that today there are many certifications available (CFA, FRM...).
Would the FRM certification be beneficial for such a career move?

I am 35 with children, so I do not have much free time.
It’s a marketing tool at the end of the day. Without practical experience it just proves that you can prepare and pass exams.

You are already qualified enough with a PhD in Physics, most likely you will be able to get a job in the field without the need for a highly effort intensive qualification like FRM or CFA.

So my recommendation is to start researching the job market with the aim of identifying a couple of target roles within the target field and their associated skills profile.

You should then take a good look at your skills profile and see which ones can easily be transferred and which you would need to work on / add.

Last but not least, talk to people, share your plans with close friends and family and use the feedback to strengthen your pitch before approaching your network of professionals and telling them about your plans. You will be surprised what comes up in regular conversations over a coffee.

Good luck!
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Old 28.12.2019, 11:13
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Re: Is FRM certification useful in Switzerland?

Without the related experience FRM or CFA wont help... In Switzerland the main problem is passing the CV phase and getting the first interview... this is almost impossible if you dont have exactly the same experience which they are looking for.
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Old 28.12.2019, 19:51
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Re: Is FRM certification useful in Switzerland?

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I know that today there are many certifications available (CFA, FRM...).
Would the FRM certification be beneficial for such a career move?
No, in terms of job seekers it is just confirmation of a skill set you already possess rather than a substitute for experience you don’t have. If you’ve got a PhD, then you’ve got enough math already and the paper work to prove it, so point in getting yet another paper...
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Old 17.01.2020, 18:16
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Re: Is FRM certification useful in Switzerland?

Thanks to everybody
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Old 17.01.2020, 18:51
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Re: Is FRM certification useful in Switzerland?

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Dear all,

I would appreciate your advice on the following question.

Having received my Ph.D. in physics in 2015, I have worked for 4 years at start-ups and small companies as a software developer/analyst.

Today I am looking for a career change, and the sector of risk or/and finance looks very attractive.

I know that today there are many certifications available (CFA, FRM...).
Would the FRM certification be beneficial for such a career move?

I am 35 with children, so I do not have much free time.

Thanks in advance
Hello,

Want to become a quant? There a job fair soon in Zürich (31 March to April 2, 2020) where lots of finance companies are looking for PhD graduates in from math, physics, CS, etc. https://polymesse.ch/en/

I was there 3 years ago and as other mentioned above the hard part is the PhD. If your CV are motivation are fine, you're hired. If you want to advance in the finance career, then the employer may decide to pay for your CFA or the FRM certifications. That's what they told me 3 years ago.

I applied to two of them out of curiosity and I did not liked the part of going to London for some months, apparently it was a must for new hirings. Anyway, I'm quite sure there will be a dozen of quant finance companies in the fair, better ask them directly how to get hired
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