FRM Salary And Jobs

FRM salary and jobs increased after 2007-2009 recession. Because the world started looking for better risk professionals.  Financial Risk manager – FRM normally works in operational risk, market risk and credit risk. Therefore, all the top Banks, Investment Firms and companies are hiring risk managers. Currently 25,000 FRM ®  are working in 40+ countries.

Industry employing FRM ® ?

  • Investment Banks
  • Commercial Banks
  • Central Banks of Countries
  • Insurance Companies
  • Asset Management Companies
  • Credit Rating Companies
  • Consulting Firms
  • Government and Regulatory Agencies

Who all are hiring FRM ® around the globe?

As mentioned above, almost every bank and MNC is hiring FRMs. However, lets see the list of top 25 employers:

1. ICBC
2. China Construction Bank Corporation
3. JP Morgan Chase
4. Bank of America
5. HSBC Holdings
6. Citigroup
7. Bank of China
8. Wells Fargo Co
9. Agricultural Bank of China
10. Mitsubishi UFJ Financial Group
11. BNP Paribas
12. Barclays
13. Credit Agricole
14. Banco Santander
15. RBS
16. Goldman Sachs
17. Sumitomo Mitsui Financial Group
18. Deutsche Bank
19. Bank of Communications
20. Group BPCE
21. Mizuho Financial Group
22. Lloyds Banking Group
23. Morgan Stanley
24. UniCredit
25. Societe Generale

Who all are hiring FRM ®  in India ?

There are over 100+ companies and bank, which are hiring FRM in India. The list is huge so, I am sharing names of top companies.

  1. RBS
  2. SBI
  3. UBS
  4. RBI
  5. Namura
  6. Deutsche
  7. CITI group
  8. HSBC
  9. Morgan Stanley
  10. PWC
  11. E&Y
  12. Deloitte
  13. HDFC Bank
  14. Kotak Bank

FRM ® Salary in India and Abroad

FRM salary completely depends upon the job profile. Normally, it ranges between INR 400,000 to INR 1,200,000 CTC in India. If you are looking for jobs abroad, USA, UK, Honkong, Singapore and China are the leading hirers. Globally, FRMs are getting a salary in the range of $80,000 to $120,000.

FRM ® Salary in as per job profile

Salary given below is average annual salary. It may vary company to company. However, we have tried to normalize it to give a fair idea. Source Payscale and Glassdoor

Job Profile : Annual Salary Range in India

Risk Analyst / Associate: INR 400,000 – INR 600,000
Senior Risk Manager: INR 1400,000 – INR 2,000,000
Risk Manager: INR 800,000 – INR 1,200,000
Credit Analyst: INR 600,000 – INR 1,000,000
Credit Manager: INR 800,000 – INR 1,200,000
Chief Risk Officer (CRO): INR 2,800,000 – INR 4,000,000

Job Profile : Annual Salary Range in USA

Risk Analyst: $70,000 – $80,000
Credit Risk Manager: $80,000 – $90,000
Vice President, Finance: $120,000 – $130,000
Quantitative Analyst: $90,000 – $110,000
Chief Risk Officer (CRO): $170,000 – $200,000

Here is a list of job titles offered to FRM.

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