Is FRM equivalent to master's degree in USA?

Could you please clarify for me the relationship between an FRM certification and a master's degree in the United States? Is an FRM certification considered to be equivalent to a master's degree in finance or a related field? I'm curious to know how the two are viewed by potential employers and how they may differ in terms of scope, rigor, and practical application in the financial industry. Additionally, I'm interested in knowing if there are any specific benefits or drawbacks to pursuing one over the other, and if there are any particular fields or roles where one might be more advantageous than the other.