Risk management is one of the most rapidly developing and challenging occupations in today’s world. Since 2008, companies have actively included risk management as an integral part of their operations. It is now a vital part of the financial world.<\/p>\n
Risk analysts are responsible to help investors in making decisions regarding the uncertainties in their investments. If you want to work in risk management, the Financial Risk Manager (FRM) certification offered by GARP is the first step. Are you unsure whether FRM is worth the time and investment? Continue reading to learn about the advantages of being a FRM.<\/p>\n
The FRM designations sets you apart from the crowd of risk professionals.<\/strong> Being a FRM holder signifies you possess the unique qualities that an employer seeks. This certification teaches you how to identify and mitigate risks more effectively. Having this credential implies that you have the necessary knowledge and skill set to grasp financial risks and markets.<\/p>\n GARP has over 150,000 risk professional members spanning across 190+ countries. As a FRM, you have the opportunity to engage with this network and get significant learning and work experience.<\/p>\n If you\u2019re a working risk professional, FRM can significantly add value to your profile. This certification comes with alot of hardwork and sacrifices but the end result is always satisfying. The pay that comes with the designation justifies the time and monetary investment. Following is the individual breakdown of salary of different jobs in India<\/strong><\/p>\n Risk<\/td>\n Source: Payscale<\/strong><\/p>\n Even if FRM doesn\u2019t guarantee you the job, it really boosts your CV and increases your chances of getting the interview. If you have passed the two exams, that is enough to get shortlisted for your dream job.<\/p>\n Employers usually prefer someone who has cleared FRM examinations for the interview as it indicates that the candidate has required knowledge for the risk analyst post.<\/p>\n Here are some top Banks, Investment Firms and companies that hire FRM in India and abroad:<\/p>\n In most countries, FRM is considered equivalent to a Master’s Degree or higher degree level. As a result, you can save lakhs of rupees spent on prestigious MBA programs because FRM is less expensive than a Master’s Degree. Level 9<\/td>\n<\/tr>\n Source:<\/strong> International Benchmarking Analysis of FRM and ERP Designations by UK NARIC<\/p>\n Last Notes<\/strong><\/p>\n So, if you’re still questioning whether FRM is worthwhile or useful in India. My honest answer is yes. Having a FRM certification can open you to plenty of opportunities in the field of finance and even analytics as it is heavier in quantitative thinking and applied statistics too.<\/p>\n It can help you differentiate from the pool of candidates and define your career path. The amount of work and hours put in while preparing for the designation displays your competency, proficiency and discipline to your commitment. It requires you to be focused and determined to achieve this.<\/p>\n Being a FRM holder is not an easy task, but it can be made easier with the right support. We at WallStreet School are here to help you with that.<\/strong><\/p>\n We hope to see you at WallStreet soon. Goodluck!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" Risk management is one of the most rapidly developing and challenging occupations in today’s world. Since 2008, companies have actively included risk management as an integral part of their operations. It is now a vital part of the financial world. Risk analysts are responsible to help investors in making decisions regarding the uncertainties in their […]<\/p>\n","protected":false},"author":51,"featured_media":1633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[690],"tags":[],"class_list":["post-2290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-frm"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/2290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/users\/51"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/comments?post=2290"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/2290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/1633"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=2290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=2290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=2290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}2. Strong Global Network<\/h3>\n
3. Get that Salary Hike<\/h3>\n
\nHere are some statistics showing the average salary of FRM holders<\/a> in India, USA and UK:<\/strong><\/p>\n\n\n
\n Country<\/strong><\/td>\n Average Approximate Salary<\/strong><\/td>\n<\/tr>\n \n USA<\/td>\n $ 102,000<\/td>\n<\/tr>\n \n UK<\/td>\n \u00a3 62,000<\/td>\n<\/tr>\n \n India<\/td>\n \u20b9 10,00,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n \n\n
\n Job Title<\/strong><\/td>\n Range<\/strong><\/td>\n Average Salary<\/strong><\/td>\n<\/tr>\n \n Risk Analyst<\/td>\n \u20b9236k- \u20b92m<\/td>\n \u20b9698,569<\/td>\n<\/tr>\n \n Risk Manager<\/td>\n \u20b9221k – \u20b93m<\/td>\n \u20b91,262,675<\/td>\n<\/tr>\n \n Associate VP, Market<\/p>\n \u20b92m – \u20b94m<\/td>\n \u20b92,349,526<\/td>\n<\/tr>\n \n Credit Analyst<\/td>\n \u20b9371k – \u20b92m<\/td>\n \u20b91,000,000<\/td>\n<\/tr>\n \n Financial Analyst<\/td>\n \u20b9231k – \u20b92m<\/td>\n \u20b9601,415<\/td>\n<\/tr>\n \n Credit Manager<\/td>\n \u20b9391k – \u20b92m<\/td>\n \u20b9802,865<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n 4. Make Your CV Valuable<\/strong><\/h3>\n
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5. Equivalent to Master\u2019s Degree<\/h3>\n
\nHere is list of countries where FRM is considered equivalent to higher education:<\/p>\n\n\n
\n Country<\/strong><\/td>\n FRM comparable to<\/strong><\/td>\n<\/tr>\n \n UK<\/td>\n RQF Level 7<\/td>\n<\/tr>\n \n Australia<\/td>\n AQF Level 9<\/td>\n<\/tr>\n \n Canada<\/td>\n OQF Level 12<\/td>\n<\/tr>\n \n India<\/td>\n Indian Master\u2019s Degree\/ NSQF<\/p>\n \n Hong Kong<\/td>\n HKQF Level 6<\/td>\n<\/tr>\n \n Singapore<\/td>\n Singaporean Master\u2019s Degree<\/td>\n<\/tr>\n \n South Africa<\/td>\n NQF Level 9<\/td>\n<\/tr>\n \n Taiwan<\/td>\n Taiwanese Master\u2019s Degree<\/td>\n<\/tr>\n \n USA<\/td>\n US Master\u2019s Degree<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n