The First CFA program Partner in Thailand
Master of Science in
Financial Investment and Risk Management (MSc in FIRM)
FIRM, Your Route to Financial Professional Excellence and Achievement
For the first time in Thailand, the Graduate School of Business Administration (GSBA) at the National Institute of Development Administration (NIDA) 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) this NIDA 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 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 select company. It provides respect and credibility that will benefit the professional at every career stage.
Since the first CFA charter was awarded in Thailand only 13 years ago, the program has grown tremendously in popularity here, said Mr. Chanitr Chanchainarong, president of the Thai Society of Investment Professionals, the local society of the CFA Institute which administers the CFA program. We have seen very significant increases in the numbers of candidate enrolments, particularly in the last three years. This trend is likely to continue for two very important reasons: 1) The SECs recent ruling that securities analysts and portfolio managers are required to pass CFA Level I; and II) the establishment of Bangkok as a test centre for the second annual CFA Level I examination held in December, said Mr. Chanitr.
Moreover, 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 select group of CFA Program Partner B-Schools from universities around the world such as: Cornell University, Michigan State University, University of North Carolina (Chapel Hill), National University of Singapore, Nanyang Technological University, La Trobe University, and the London Business School.
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 about entering into this partnership 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 on their way to earning the highly-valued CFA charter, said Dr.Pradit Withisuphakorn, MSc in FIRM Program Director
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. In 2006, FRM candidates came from over 2,500 organizations worldwide. In Thailand, the growth rate in the amount of candidates taking the FRM exam was 64%, year-to-year in 2006.
Currently, there are 163 GARP members in Thailand of which 22 are FRM certified. 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, said Mr. Kawee Numpacharoen, regional manager of GARP in Thailand
The NIDA MSc in FIRM program presents itself as a double-barreled shotgun approach in that this program covers two of the most important international designations in the financial community today. The Graduate School of Business Administration has utilized its faculty members, many of whom have earned the CFA and FRM designations or are 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 thus increasing that individuals job prospects.