If you aspire to be part of one of the most lucrative careers in the world of finance, then getting certified in FRM (Financial Risk Management) is the best decision you can possibly take to elevate your professional career.
The FRM is a financial certification course offered by Global Association of Risk Professionals (GARP) that has been setting global standards at never-before levels for 20 years now. It has become just-the-thing for budding individuals who aspire to become a potential risk-management professional. The curriculum deals with quantifying all sorts of risks as it imparts knowledge involving risk-analysis, evaluation and mitigation and challenges candidates to apply a range of skills necessary to function effectively as a risk manager. Getting FRM certified will elevate your status to a designation that reflects an in-depth understanding of risk management which top organizations need to prosper in today’s dynamic financial landscape.
The scope of FRM in terms of knowledge and job prospects is immense in both India and abroad. The FRM is a qualification for risk management professionals, particularly those who are involved in controlling, analyzing, or evaluating potential credit risk, liquidity risk and market risk as well as non-market related financial risks.
With this certification, you will get the chance to work in some of the top firms in the world such as Goldman Sachs, UBS, Deutsche Bank, J.P. Morgan & Chase, Ernst & Young (EY), PricewaterhouseCoopers (PwC), KPMG, Credit Suisse, etc. Considering the level of fluctuation in the markets around the world, this is expected to be the most in-demand profession very soon.
The career prospects of an FRM Charter holder are quite next level. The top employers of risk managers are:
- Investment Banks
- Commercial Banks
- Central Banks of Countries
- Asset Management Companies
- Insurance Companies
- Credit Rating Companies
- Government and Regulatory Agencies
- Consulting Firms
- Hedge Funds
- Professional Service Firms
Jobs in the field of Risk Management: (source: indeed job portal)
- 12000+ jobs in India
- 148000+ jobs in USA
FRM charter holders enjoy the perks of high remuneration as well as financial incentives. Below are the average salaries of FRMs employed in India and USA:
Risk Manager’s Salary in India:
| Firms | Average Salary (INR) |
| American Express | 23 lpa |
| ICICI | 11.9 lpa |
| Wipro | 28.4 lpa |
| JP Morgan | 24.7 lpa |
| Citi Bank | 10.6 lpa |
| Standard Chartered | 12.6 lpa |
| Ernst & Young | 16 lpa |
**Source: Glassdoor**
Risk Manager’s Salary in USA:
| Firms | AverageAnnual Salary ($) |
| Bloomberg | 168069 |
| HSBC | 136093 |
| Selby | 134045 |
| Deloitte | 131033 |
| PwC | 128674 |
| Paypal | 103061 |
| JP Morgan | 102134 |
**Source: Indeed**
To conclude, in this era of cut-throat competition and consistent value addition for corporate survival, an international certification like FRM® can help you beat the competition in style.
Join our online session to demystify the global career in Risk Management on Fri, 21 Dec 2018 @ 8 PM IST.
For more information on Career Launcher’s FRM preparation program, click here.
