If you’re looking to enhance your risk management skills and expand your career opportunities in the finance industry, the GARP SCR (Global Association of Risk Professionals Sustainability and Climate Risk) certificate is worth considering. This blog post will provide you with a comprehensive overview of the SCR certification, including its benefits, requirements, exam fees, pass rates, and exam dates.
SCR Certificate
The GARP SCR certificate is a globally recognized credential for professionals seeking to demonstrate their knowledge of sustainable and climate risk management. It covers essential topics such as environmental, social, and governance (ESG) factors, climate risk assessment, and sustainable investing.
GARP SCR Pass Rate
While the GARP SCR pass rate may vary each year, it is generally regarded as a rigorous examination. GARP provides study materials and practice exams that can help you prepare for the certification exam successfully. Remember, consistent and dedicated study is key to achieving a high pass rate.
These are the SCR exam pass rates so far:
October 2022 – 51%
April 2022 – 54%
October 2021 – 55%
April 2021 – 52%
GARP SCR Exam Fees
To obtain the GARP SCR certification, candidates need to pay an exam fee. The exact fee may vary, so it is advisable to visit GARP’s official website for the most up-to-date information on exam fees. It’s important to note that GARP also offers a discounted fee for early registrations, so it’s beneficial to plan in advance.
| Fees, US$ | SCR Certificate |
|---|---|
| Exam Fees | For non-GARP members: $650 for Early registration, $750 for Standard registration For GARP members (Individual members): $550 for Early registration, $650 for Standard registration. Individual membership costs $195 per year For Certified FRM / ERP candidates: $525 for early registration, $625 for standard registration |
| Retake Fees (if applicable) |
For 1 retake within the next 2 exam windows (12 months): $350 Full exam fee applies for retakes after 1 year. If there is a change in the curriculum before the candidate retakes the SCR exam, an updated electronic version of the curriculum will be made available free of charge. |
GARP SCR Exam Dates
GARP conducts the SCR certification exam multiple times a year, allowing candidates flexibility in choosing the exam date that suits them best. These dates are typically scheduled throughout the year and are conveniently accessible worldwide. However, it is recommended to check the GARP website for the exact dates and availability.
| SCR Exam Dates and Deadlines | October 2023 |
|---|---|
| Registration opens | 1 May 2023 |
| Early registration deadline | 31 Jul 2023 |
| Standard registration deadline | 30 Sep 2023 |
| Exam deferral deadline* | 1 Oct 2023 |
| Scheduling deadline | 27 Oct 2023 |
| Exam Window | 21-29 Oct 2023 |
Requirements of GARP SCR
To be eligible for the GARP SCR certification, candidates must meet certain requirements. These requirements may include having a relevant educational background, work experience in risk management, or completing specific GARP-approved courses. It’s crucial to review and fulfill the prerequisites before registering for the exam.
Benefits of SCR Certification
Earning the GARP SCR certification can open doors to numerous career opportunities. Here are a few benefits of obtaining the SCR certification:
- Enhanced knowledge and skills: The SCR certification equips professionals with a deep understanding of sustainable and climate risk management, making them valuable assets to organizations looking to navigate today’s evolving financial landscape.
- Career advancement: Holding the SCR certification can demonstrate your commitment to professional growth, putting you in an advantageous position when pursuing promotions, new job opportunities, or leadership roles in risk management and sustainable finance.
- Network expansion: Becoming a GARP SCR certificate holder connects you with a global community of risk professionals and experts in the field, providing opportunities for collaboration, knowledge sharing, and career networking.
- Industry recognition: GARP is a reputable institution in the finance industry, and the SCR certification carries significant recognition worldwide. It validates your expertise and distinguishes you as a committed professional in sustainability and climate risk management.
Obtaining the GARP SCR certification can be a valuable step towards a successful career in risk management and sustainable finance. By acquiring in-depth knowledge of ESG factors and climate risk assessment, you can become a sought-after professional who can guide organizations toward a sustainable and secure future. Remember to thoroughly research the requirements, stay dedicated to your studies, and take advantage of the resources available to increase your chances of passing the exam.