FRM stands for Financial Risk Manager. It is a professional designation given by the Global Association of Risk Professionals to candidates who successfully qualify the FRM certification exam. FRM is becoming a trending career path for financial professionals in recent times. FRM certification has an international scope and there is no doubt this specific designation is going to prosper more in the future. The finance industry is rapidly changing and given the area of expertise of a Financial Risk Manager, this career prospect is only going to boom. Talking about the FRM salary, professionals in this domain enjoy a handsome amount of pay along with other benefits. Read the complete article to get detailed information about salary of FRM professional, career prospects etc.
Particulars | Details |
Name | Financial Risk Manager |
Abbreviation | FRM |
Governing body | Global Association of Risk Professionals (GARP) |
Exam type | International certification |
Test centre administration | GARP |
Number of exams | 2 (Part I, Part II) |
Exam duration | 4 hours (each) |
Number of questions | Part I - 100 questions Part II - 80 questions |
Question type | Multiple-choice (MCQs) |
Certification validity | 2 years |
Financial Risk Managers enjoy a good pay scale in India. The average annual salary of FRM professionals in India range from 3 lakh to 24 lakhs approximately. FRM professionals get pay packages according to their roles. There are many job roles for FRM like Risk Analyst, Senior Risk Manager, Quantitative Analyst, Risk etc. Here are the average salaries offered to FRM professionals at top companies:
Company Name | Experience | Average salary offered |
NoBroker | 1-4 years | 4.3 LPA |
Standard Chartered Bank | 10-12 year | 10.7 LPA |
Ageas Federal Life Insurance | 2 years | 2.2 LPA |
Channel Pay | 2 years | 3.5L |
Startrek | Fresher | 2.2 LPA |
Designation | Average Annual Salary in INR |
Risk Qualification Manager | 3-24 LPA |
Operational Risk Analyst | 4.5-10.1 LPA |
Credit Risk Analyst | 2.4-18.5 LPA |
Operational Risk Manager | 4.9-29.5 LPA |
Experience in Years | Average Annual Salary in INR |
2 | 8 LPA |
3 | 7.7 LPA |
4 | 7.9 LPA |
5 | 9.1 LPA |
6 | 9.5 LPA |
7 | 9.7 LPA |
8 | 10.8 LPA |
9 | 10.5 LPA |
10 | 11.1 LPA |
11 | 11.5 LPA |
12 | 12.8 LPA |
13 | 15.6 LPA |
14 | 18.9 LPA |
Tata Consultancy Services
KPMG
Pricewaterhouse Cooper (PWC)
Infosys
EY
Amazon
HSBC
Wipro
Deloitte
Goldman Sachs
Accenture
ANZ
JP Morgan
Axis Bank
Bank of Baroda
Kotak Mahindra Bank
Wells Fargo
Reserve Bank of India
FRM certification will not only open doors for jobs domestically, but also internationally.
Attaining FRM certifications helps enhance a professional’s competency, proficiency, discipline and career commitment.
The FRM certification course comprises just two parts and candidates can easily complete the certification programme in one year.
Employers seek professionals who regularly update their skills and there is no better way to update risk analysing skills than a FRM certification.
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FRM stands for Financial Risk Managers.
FRM certification is granted by GARP to candidates who successfully completed both parts of the FRM exam.
A FRM certification is valid for two years from the date of clearing the exam.
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