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It specifies credit-hour expectations, notes options to complete alongside a Penn State Behrend degree or via continuing education, and details advising support. The learning objectives cover regression-based statistical methods, market risk assessment, quantifying hedging and value-creation measures, derivative instrument valuation, and applying the Value-at-Risk (VaR) model.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/financial-risk-management-certificate-program-overview/203473/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/financial-risk-management-certificate-program-overview/203473.png","ImageObject",300,407,{"name":92,"@type":93},"Sage","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-08","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What career outcomes does the Financial Risk Management certificate target?","Question",{"text":113,"@type":114},"The program is designed to prepare students for a career in risk management and provides exposure to topics that support the first part of the FRM exam. Completing the certificate prepares students to pass that first exam portion.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How many credit hours are required, and how can the certificate be completed?",{"text":118,"@type":114},"The certificate requires a total of 21 credit hours. It can be completed concurrently with a Penn State Behrend degree or via continuing education.",{"name":120,"@type":111,"acceptedAnswer":121},"Which main learning objectives are covered in the certificate?",{"text":122,"@type":114},"The learning objectives include statistical methods using regression and Excel, assessing market risk using measures like standard deviation and beta, quantifying risk management and hedging through securities and projects, understanding derivatives across multiple asset classes, and applying the Value-at-Risk (VaR) model.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},203473,1788561088,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":14,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":130,"read_time":24},687197207057,"https://ap-avatar.wpscdn.com/davatar_29158cc5080c5b710cf443261637dec0","Financial Risk Management, Certiﬁcate 1  \nFINANCIAL RISK MANAGEMENT CERTIFICATE  ,   \nRequirements for an undergraduate certiﬁcate may be completed at any campus location offering the speciﬁed courses for the certiﬁcate.  \nProgram Description  \nThis certiﬁcate program is designed to prepare students for a career in risk management; and, for those interested, to gain exposure to topic that constitute the ﬁrst part of the Financial Risk Manager (FRM) exam, sponsored by the Global Association of Risk Professionals (GARP) . The FRM exam is the primary industry designation with over 20,000 candidates taking the exam twice a year. Students completing the certiﬁcate are prepared to pass the ﬁrst part of this two-part exam. The certiﬁcate requires a total of 21 credit hours and can be completed concurrently with a Penn State Behrend degree or via continuing education. More information can be found on the Penn State Behrend website ([https://behrend.psu.edu/school-of-business/academic](https://behrend.psu.edu/school-of-business/academic)programs/certiﬁcate-programs/ﬁnancial-risk-management) .  \nWhat is Financial Risk Management?  \nFinancial risk management is the practice of managing exposure to potential economic losses. Penn State Behrend’s certiﬁcate in Financial Risk Management includes preparation for the ﬁrst part of the Financial Risk Manager certiﬁcation exam sponsored by the Global Association of Risk Professionals.  \nYou Might Like This Program If...  \nYou are an Accounting or Finance major who aspires to a career in ﬁnancial risk management.  \nProgram Requirements  \nTo earn an undergraduate certiﬁcate in Financial Risk Management, a minimum of 22 credits is required.  \nCode Title Credits  \nPrescribed Courses  \nFIN 301 Corporation Finance 3  \nFIN 420 Investment and Portfolio Analysis 3  \n FIN 427 Derivative Securities 3  \nFIN 461 Portfolio Management and Analysis 3  \nSTAT 200 Elementary Statistics 4  \n or SCM 200 Introduction to Statistics for Business   \nSTAT 301 3  \nSTAT 462 Applied Regression Analysis 3  \n or ECON 485 Econometric Techniques  Prerequisites Required.  \nCertiﬁcate Learning Objectives  \n• Statistical Methods: Understand the importance of linear and multiple regression in many business applications. Coverage includes the understanding of the dependent variable in terms of actual, predicted, and average values. MS Excel is used to develop the regression model after basic understanding of the formulas is covered. Signiﬁcant time is spent interpreting the signiﬁcance of  \nthe global model and each independent variable. Model building is introduced.  \n• Assess Market Risk for Investors: Have a clear understanding and appreciation of a wide variety of risk types including market (systematic) risk, security (diversiﬁable) risk, psychological risks for investors, and several unique risks for different securities such as ﬁxed-income securities. This class measures risk in terms of standard deviation (and variance) and in terms of beta. The classes explore a few common risk management techniques including diversiﬁcation and beta-speciﬁc strategies.  \n• Quantify Risk Management Measures: Understand and quantify the role of risk management in two key ways. First, students will explore a variety of securities that would allow an investor or ﬁrm to hedge different risks and create value with risk management. Second, applied risk management projects ask students to identify ﬁrms that could beneﬁt from management strategies.  \n• Understand Derivative Instruments: Understand the entire spectrum of derivates including those based on ﬁxed-income securities, interest rates, foreign exchange, and equities. Master the basic techniques for the valuation of forwards, futures, swaps, and vanilla options (calls and puts) .  \n• Value-at-Risk (VaR) Model: Understand and apply the Value-atRisk (VaR) model and how it applies to scenarios and real market historical value.  \nAcademic Advising  \nThe objectives of the university's academic adv","cbCaiey76QnHIfUf","https://ap.wps.com/l/cbCaiey76QnHIfUf","pdf",50888,"English","# Program Description\n# What is Financial Risk Management?\n# Program Requirements\n## Prescribed Courses\n# Certiﬁcate Learning Objectives\n## Statistical Methods\n## Assess Market Risk for Investors\n## Quantify Risk Management Measures\n## Understand Derivative Instruments\n## Value-at-Risk (VaR) Model\n# Academic Advising\n# Career Paths","[{\"question\":\"What career outcomes does the Financial Risk Management certificate target?\",\"answer\":\"The program is designed to prepare students for a career in risk management and provides exposure to topics that support the first part of the FRM exam. Completing the certificate prepares students to pass that first exam portion.\"},{\"question\":\"How many credit hours are required, and how can the certificate be completed?\",\"answer\":\"The certificate requires a total of 21 credit hours. It can be completed concurrently with a Penn State Behrend degree or via continuing education.\"},{\"question\":\"Which main learning objectives are covered in the certificate?\",\"answer\":\"The learning objectives include statistical methods using regression and Excel, assessing market risk using measures like standard deviation and beta, quantifying risk management and hedging through securities and projects, understanding derivatives across multiple asset classes, and applying the Value-at-Risk (VaR) model.\"}]","Financial Risk Management Certificate - Program Overview | PDF"]