FRM: Gateway to A Global Career in Finance

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If you aspire for a lucrative career in finance, then getting certified in FRM (Financial Risk Management) is the best decision you can possibly take.
FRM is a financial certification course offered by the Global Association of Risk Professionals (GARP) that has been setting global standards for 20 years now in risk management. The curriculum imparts knowledge on risk-analysis, evaluation, and mitigation; and challenges candidates to apply a range of skills necessary to function effectively as a risk manager.
In other words, an FRM certification reflects an in-depth understanding of risk management — particular in controlling, analyzing, or evaluating potential credit risk, liquidity risk, market risk, and non-market related financial risks — which top organizations actively seek to prosper in today’s dynamic financial landscape.
As per a recent report on Indeed, for risk managers, there are currently 12,000+ jobs in India and 1,48,000+ vacancies in the USA. The top employers of risk managers are:

  • Investment Banks
  • Commercial Banks
  • Central Banks
  • Asset Management Companies
  • Insurance Companies
  • Credit Rating Companies
  • Government and Regulatory Agencies
  • Consulting Firms
  • Hedge Funds
  • Professional Service Firms

So, with an FRM certification, you stand the chance of working in some of the top firms in the world, such as Goldman Sachs, UBS, Deutsche Bank, JP Morgan & Chase, Ernst & Young (EY), PricewaterhouseCoopers (PwC), KPMG, Credit Suisse, etc.

FRM charter holders also command high salary packages, as well as attractive financial incentives. Given below are the average salaries of risk managers employed in India and the USA:

Salary Packages in India

FirmAverage Salary (INR)
American Express23 lpa
ICICI11.9 lpa
Wipro28.4 lpa
JP Morgan24.7 lpa
Citi Bank10.6 lpa
Standard Chartered12.6 lpa
Ernst & Young16 lpa

Source: Glassdoor

Salary Packages in the USA

FirmAverage Annual Salary ($)
Bloomberg1,68,069
HSBC1,36,093
Selby1,34,045
Deloitte1,31,033
PwC1,28,674
PayPal1,03,061
JP Morgan1,02,134

Source: Indeed

To conclude, in this era of cut-throat competition and consistent value addition forcorporate survival, a certification like FRM can help you stay ahead of the competition.

At Career Launcher, we offer an FRM Level 1 preparation program, the details of which you can find here.

 

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