FRM After MCom

FRM after MCom opens certain opportunities in risk management, credit analysis, and investment banking. Since the validity of the FRM certification is worldwide, MCom degree holders can advance their careers domestically and internationally in the financial industry.

What Is FRM and Why Consider It After M.Com?

What is FRM? Financial Risk Manager (FRM) is an internationally certified certificate granted by the Global Association of Risk Professionals (GARP). It covers risk analysis, control, credit risk, market risk, and quantitative analysis.

• The FRM programme extends the MCom degree through the development of specialised risk management skills.
• What is MCom? While MCom provides wide coverage on accounting, taxation, and finance, FRM after MCom puts into focus specialisations.
• It is highly valued in banking, financial services, insurance, and fintech sectors.

Can I Do FRM After M.Com? What Is the Scope in India?

Yes, FRM after MCom is quite possible and highly recommended, especially if one wishes to have an enhanced career in Indian finance.

• There is no restriction on the academic requirement basis; anyone undertaking or already possessing an MCom degree may enrol for FRM.
• The FRM certification is global and becoming increasingly prominent in India’s evolving financial market.
• The scope in India covers employment opportunities in risk advisory, investment banks, commercial banks, corporate financial divisions, and consultancies.
• These include the likes of Deloitte, KPMG, EY, PwC, HSBC, and ICICI. They employ FR.
• Demand is growing with regulatory tightening and increasing risk compliance requirements across industries.

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Where Are the Job Opportunities for FRM Professionals in India?

FRM-qualified professionals can explore prospects across a vast range of businesses and job roles in India.

• Banks: Risk Analysts, Credit Risk Managers, Market Risk Professionals.
• NBFCs and FinTech: Risk consultants, product risk strategists.
• Consulting firms: Risk Advisory and Audit Risk departments.
• Investment firms and AMCs: Portfolio risk managers, quantitative analysts.
• Corporate sector: Treasury and compliance roles in large conglomerates.

The FRM market post MCom has expanded because there is a demand for professionals who are knowledgeable about financial risk and operational risk.

When to Pursue FRM After M.Com: Timing, Exams & Work Experience

Timing the preparation of the FRM after MCom is crucial to getting the most career value.

• We can start FRM after the last year of MCom or right after the completion of MCom.
• It is not necessary to possess any work experience to take the FRM exams, though a person must possess two years of professional experience to be certified.
• It enables one to clear both levels of FRM certification and acquire experience at the same time.
• The ideal path: MCom (final year) → FRM Part I → Entry-level risk job → FRM Part II → Certification.

How Much Does FRM Pay in India? Salary, Growth & Benefits

Salary of FRM after MCom depends on the firm, place, and position of employment but is considerably greater than ordinary MCom-only employment.

• India-based entry-level FRM certificate holders earn 6–10 LPA rupees.
• The salary comes to ₹12–18 LPA after 3–5 years of experience in metro cities.
• Experienced professionals holding 8–10 years of experience may get even ₹25 LPA or higher.
• Global positions found in Singapore, the UAE, the UK, and the US compensate significantly better.
• Prospects grow rapidly with the result of specialisation by niches in conjunction with international reputation.

Why FRM After M.Com Delivers Tangible Benefits

Focusing on FRM after MCom leads to concrete improvements in job role, remunerations, and acquisition of skills.

• It closes the gap between theoretical knowledge and practical financial risk management.
• Boosts credibility in interviews and employment assessments.
• Offers international mobility with GARP membership and recognition in 190+ countries.
• Builds analytical, technical, and strategic competencies strongly desired by employers.
• Gives you access to a strong global alumni and networking community.

What to Expect: Exam, Certification Costs & Career Effort

Knowing what you’re getting into facilitates better decisions on whether to pursue FRM after MCom.

Cost breakdown:

• Enrollment fee (one-time): USD 400
• Part I exam fee: USD 600–800 depending on registration window
• Part II exam fee: USD 600–800
• Total cost: Approximately USD 1600–1800 (~₹1.3–1.5 lakhs) for the complete FRM certification

Exam format:

• Two levels: Part I and Part II
• Part I: 100 multiple choice questions (4 hours)
• Part II: 80 multiple choice questions (4 hours)
• Exams are held in May and November.

Passing rates:

• Part I average pass rate: ~45%
• Part II average pass rate: ~60%
• Papers are challenging and require strong concepts along with periodic practice.

Time and study commitment:

• Recommended 200–300 hours per part
• Self-paced, enabling you to study while employed or completing your MCom
• Both parts require 1–1.5 years for clearance.

Where FRM Stands Among Other Certifications After M.Com

Comparison needs to also be made with FRM after MCom with other alternatives such as CFA, CA, or even MBA.

• FRM vs CFA: CFA is broader (investment banking, portfolio management), whereas FRM is more in-depth in risk management.
• FRM vs CA: CA is India-focused, country-specific and accounting-centric; FRM is global and financial risk-focused.
• FRM vs MBA: MBA gives management skills; FRM is a specialisation. Both complement each other.
• For risk-specific job prospects, a greater advantage is derived by the FRM certification over general degree programmes.

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Conclusion

An FRM after an MCom is a career game-changer for individuals keen on taking a specialisation in risk management. It adds depth to your profile, lifts up your salary cheque, and gets you opportunities knocking at the doors of major financial institutions around the world. If you want to move beyond the typical MCom opportunities and wish to join emerging high-growth finance areas, FRM is a bright, future-proof option.

FAQs on FRM After MCom

Who is eligible to pursue FRM after M.Com?

Anybody possessing a postgraduate degree (e.g., an MCom degree) is eligible to register for FRM. There is no restriction on the stream of study.

What is the typical salary for FRM-qualified professionals in India?

Freshers get a ₹6–10 LPA salary, and professionals with experience may earn ₹15–25+ LPA based on role and location.

How long does it take to complete FRM, and what is the cost?

It takes most candidates 1–1.5 years to finish the FRM certification, costing anywhere from ₹1.3–1.5 lakhs.

Is FRM worth it compared to CFA or other finance certifications?

Yes, if you’re interested in careers dealing with risk, compliance, credit analysis, or treasury, FRM after MCom is more specific and relevant than other general finance certifications.

Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.

Current Role

Co-Founder & CEO at Zell Education

Education

• ACCA – Association of Chartered Certified Accountants, Finance (2011 – 2014)
• Bachelor of Commerce (BCom), Financial Markets from H.R. College Of Commerce & Economics (2010 – 2013)

Location

Mumbai, India

Expertise

ACCA Certified