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FRM Salary in India - By Top Companies, Designation, Experience wise,

FRM Salary in India - By Top Companies, Designation, Experience wise,

Edited By Sansar Singh Chhikara | Updated on Jun 08, 2023 11:02 AM IST

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.

FRM Certification - Overview




Financial Risk Manager



Governing body

Global Association of Risk Professionals (GARP)

Exam type

International certification

Test centre administration


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

FRM Salary in India

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:

FRM Salaries by Top Companies

Company Name


Average salary offered


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




2.2 LPA

FRM Salaries by 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

FRM Salary by Years of Experience

Experience in Years

Average Annual Salary in INR




7.7 LPA


7.9 LPA


9.1 LPA


9.5 LPA


9.7 LPA


10.8 LPA


10.5 LPA


11.1 LPA


11.5 LPA


12.8 LPA


15.6 LPA


18.9 LPA

Top Recruiters for FRM Professionals

  • 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

Benefits of choosing FRM Certification

  • 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.

Also check -

Frequently Asked Question (FAQs)

1. What is the full of FRM?

FRM stands for Financial Risk Managers.

2. Who gives the FRM certification?

FRM certification is granted by GARP to candidates who successfully completed both parts of the FRM exam.

3. What is the validity of FRM certification?

A FRM certification is valid for two years from the date of clearing the exam.


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