Careers360 Logo
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

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

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

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

FRM Salaries by Designation

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

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

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.

Articles

Upcoming Finance Exams

View All Finance Exams
Get answers from students and experts
Budget Analyst

Budget analysis, in a nutshell, entails thoroughly analyzing the details of a financial budget. The budget analysis aims to better understand and manage revenue. Budget analysts assist in the achievement of financial targets, the preservation of profitability, and the pursuit of long-term growth for a business. Budget analysts generally have a bachelor's degree in accounting, finance, economics, or a closely related field. Knowledge of Financial Management is of prime importance in this career.

4 Jobs Available
Data Analyst

The invention of the database has given fresh breath to the people involved in the data analytics career path. Analysis refers to splitting up a whole into its individual components for individual analysis. Data analysis is a method through which raw data are processed and transformed into information that would be beneficial for user strategic thinking.

Data are collected and examined to respond to questions, evaluate hypotheses or contradict theories. It is a tool for analyzing, transforming, modeling, and arranging data with useful knowledge, to assist in decision-making and methods, encompassing various strategies, and is used in different fields of business, research, and social science.

3 Jobs Available
Underwriter

An underwriter is a person who assesses and evaluates the risk of insurance in his or her field like mortgage, loan, health policy, investment, and so on and so forth. The underwriter career path does involve risks as analysing the risks means finding out if there is a way for the insurance underwriter jobs to recover the money from its clients. If the risk turns out to be too much for the company then in the future it is an underwriter who will be held accountable for it. Therefore, one must carry out his or her job with a lot of attention and diligence.

3 Jobs Available
Finance Executive
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
Operations Manager

Individuals in the operations manager jobs are responsible for ensuring the efficiency of each department to acquire its optimal goal. They plan the use of resources and distribution of materials. The operations manager's job description includes managing budgets, negotiating contracts, and performing administrative tasks.

3 Jobs Available
Stock Analyst

Individuals who opt for a career as a stock analyst examine the company's investments makes decisions and keep track of financial securities. The nature of such investments will differ from one business to the next. Individuals in the stock analyst career use data mining to forecast a company's profits and revenues, advise clients on whether to buy or sell, participate in seminars, and discussing financial matters with executives and evaluate annual reports.

2 Jobs Available
Researcher

A Researcher is a professional who is responsible for collecting data and information by reviewing the literature and conducting experiments and surveys. He or she uses various methodological processes to provide accurate data and information that is utilised by academicians and other industry professionals. Here, we will discuss what is a researcher, the researcher's salary, types of researchers.

2 Jobs Available
Welding Engineer

Welding Engineer Job Description: A Welding Engineer work involves managing welding projects and supervising welding teams. He or she is responsible for reviewing welding procedures, processes and documentation. A career as Welding Engineer involves conducting failure analyses and causes on welding issues. 

5 Jobs Available
QA Manager
4 Jobs Available
Quality Controller

A quality controller plays a crucial role in an organisation. He or she is responsible for performing quality checks on manufactured products. He or she identifies the defects in a product and rejects the product. 

A quality controller records detailed information about products with defects and sends it to the supervisor or plant manager to take necessary actions to improve the production process.

3 Jobs Available
Production Manager
3 Jobs Available
Product Manager

A Product Manager is a professional responsible for product planning and marketing. He or she manages the product throughout the Product Life Cycle, gathering and prioritising the product. A product manager job description includes defining the product vision and working closely with team members of other departments to deliver winning products.  

3 Jobs Available
QA Lead

A QA Lead is in charge of the QA Team. The role of QA Lead comes with the responsibility of assessing services and products in order to determine that he or she meets the quality standards. He or she develops, implements and manages test plans. 

2 Jobs Available
Structural Engineer

A Structural Engineer designs buildings, bridges, and other related structures. He or she analyzes the structures and makes sure the structures are strong enough to be used by the people. A career as a Structural Engineer requires working in the construction process. It comes under the civil engineering discipline. A Structure Engineer creates structural models with the help of computer-aided design software. 

2 Jobs Available
Process Development Engineer

The Process Development Engineers design, implement, manufacture, mine, and other production systems using technical knowledge and expertise in the industry. They use computer modeling software to test technologies and machinery. An individual who is opting career as Process Development Engineer is responsible for developing cost-effective and efficient processes. They also monitor the production process and ensure it functions smoothly and efficiently.

2 Jobs Available
Back to top