FRM Salary in India 2025 | Scope, Jobs, Growth

Financial Risk Management may be appropriate if you want a challenging job with a hefty salary package. Financial Risk Managers (FRMs) assess dangers to an organisation’s assets, earning capability, or success. They may work in banking, financial services, loan origination, trading, or even marketing. 

The average salary of a Financial Risk Manager in India, as per Glassdoor, is 9 LPA. However, the annual salary ranges from Rs.18 LPA to Rs. 33 LPA based on work experience. The average FRM salary in India per month ranges from Rs. 66,130 up to Rs. 77,821.

Who is a Financial Risk Manager?

Financial risk management involves preserving a company’s economic value by utilising financial instruments to control exposure to financial risk – primarily operational risk, credit risk, and market risk.

Financial Risk Managers assess risk by studying the financial and the overall ecosystem to forecast changes or trends. The main responsibility of a Financial Risk Manager is to devise ways to mitigate the consequences of potential hazards such as insufficient contingency reserves, mismanagement of resources, a management reduction of the contingency reserves, and so on

Salary by Job Roles in Financial Risk Management

Here’s a list of the various job roles in FRM and the salary you can expect:

1. Risk Qualification Manager

A Risk Qualification Manager oversees the risk management and the insurance program of a company. They identify risks that could jeopardise the company’s security, safety, or financial success. 

Salary: Rs. 3 LPA – Rs. 30 LPA

2. Credit Risk Analyst

Credit Risk Analysts are employed by investment firms, commercial and investment banks, credit card issuers, rating services, and other businesses in the lending and credit sectors. They assess company risks and hazards related to consumer lending using several analytical methodologies.

Salary: Rs. 2.4 LPA – Rs. 21 LPA

3. Operational Risk Analyst

Insufficient controls and internal concerns with staffing are the primary causes of operational risks in a firm. The Operational Risk Analysts identify the risk category and inform the organisation’s senior management.

Salary: Rs. 3 LPA – Rs. 20 LPA

4. Operational Risk Manager

To maintain compliance with regulatory requirements, an Operational Risk Manager ensures that current and possible risks are proactively recognised and regulated through internal control measures and processes within client management.

Salary: Rs. 5.5 LPA – Rs. 30 LPA

FRM Salary in India by Experience

The pay for a job is variable based on the level of experience that you have, similar to the FRM salary in India. One’s salary can be determined by a wide array of other factors. Most companies will research the average pay levels related to the specific job first, and then they will look at the applicant pool that has the related skills to the current open position. 

A Chartered Financial Analyst (CFA) certification will help boost your employability in a situation like this. The FRM salary in India for freshers starts from 3.0 LPA and ranges to about 5.6 LPA. 

The table below summarises FRM salaries by the years of experience a candidate has:

Source

Top Companies hiring Financial Risk Managers

Every company needs a Financial Risk Manager as there is cash inflow in every business, big or small. Financial Risk Managers are in charge of determining the risks and evaluating the dangers that could endanger a corporation’s finances. Almost all companies today have a financial risk management department. Here’s a list of some globally-renowned organisations hiring Financial Risk Managers:

• PWC, or Pricewaterhouse Cooper,
• KPMG
• Amazon
• EY (Ernst & Young)
• HSBC
• Deloitte
• J.P Morgan
• Paypal
• ANZ
• Wells Fargo
• Goldman Sachs
• Bank of India
• Bank of Baroda
• Axis Bank
• Reserve Bank of India

You might have noticed that the FRM salary in India for freshers is not high at first but gets better as you gather years of work experience. You can get a higher starting package by certifying yourself in this field. A Chartered Finance Analyst is one of the most prestigious certifications one can have as a Financial Risk Manager. You must try to certify yourself as a CFA (Chartered Financial Analyst) to validate your skills and increase your chances of receiving a high salary from companies. 

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Conclusion

The demand for FRMs in the corporate sector has been rising for a while now and is bound to go higher. Financial risk management pays a hefty salary to those who are skilled at it. Most FRMs are certified as a CFA (Chartered Financial Analyst) or have some kind of relevant global certification.

If you want to venture into financial risk management, you should consider giving the Chartered Financial Analyst course at Zell Education a shot to boost your career growth. We at Zell Education take care of everything you need to be a successful Financial Risk Manager. Contact us to learn more about the FRM course.

FAQ on Salary of a Financial Risk Manager (FRM): 

What’s the average salary of a Financial Risk Manager (FRM) in India?

The average salary for a Financial Risk Manager in India is about ₹24.3 lakhs per year. It can range from ₹12 lakhs to ₹50 lakhs.

How much can an FRM expect to earn abroad: say, in the US, UK, or Singapore?

FRM professionals can earn about $90,000 to $180,000 in the US, £70,000 to £150,000 in the UK, and S$90,000 to S$180,000 in Singapore.

Do FRM-certified professionals typically earn more than CFA charterholders in India?

Typically, CFA charterholders earn more in India, particularly in senior roles. Their average salary can be higher than an FRM-certified professional’s.

How much does experience affect FRM salaries in India over time?

Experience greatly increases a Financial Risk Manager’s salary in India. A fresher might start at ₹6-8 lakhs, while a senior with 10+ years can earn over ₹30 lakhs.

Who are the main employers of FRM professionals in India?

Main employers for Financial Risk Managers (FRMs) in India are banks, both public and private, and multinational financial institutions. They are also hired by consulting firms, insurance companies, and FinTech startups.

What salary should I expect after clearing FRM Part 1 or Part 2 in India?

After clearing FRM Part 1, you can expect to start as a risk analyst, with an average salary between ₹6 and ₹8 lakhs per year. After clearing Part 2, your salary may jump significantly, especially as you gain experience, to ₹10 to ₹18 lakhs annually for mid-level roles.

Satyamedh Nandedkar, a seasoned finance professional, holds ACCA, CA, US CMA & CS credentials. With 10+ years of experience, he’s a master ACCA tutor, IFRS trainer, adept in global financial standards, and a trusted advisor in navigating complex financial landscapes.