How much does a financial risk manager cost per month? You’ll know everything after reading this!

The salary level of financial risk managers is very considerable. Generally speaking, the salary in first-tier cities is higher, with an annual salary of about 250,000-350,000. In second- and third-tier cities, the salary is lower, with an annual salary of about 15,000 yuan. Ten thousand to about 200,000.

Domestic salary for FRM holders: ranging from 250,000 to 1 million

Foreign salary for FRM holders: around 1 million

Finally, about financial risk management To determine the monthly salary of a teacher, just divide the annual salary by 12 months and you will know the monthly salary. Of course, there are many factors that affect the salary, and the specific situation needs to be based on the actual situation.

FRM employment prospects and salary levels

For many companies, whether an employee has an FRM certificate is an aspect of considering their work ability and development potential, but it is not their promotion A necessary condition for a salary increase. Many companies are very practical. Having an FRM certificate represents your efforts and pursuit to gain favor from leaders. More importantly, it is practical experience and business capabilities. As for the salary level of FRM certificate holders, the salary level is different in different regions:

On June 3, 2021, Sichuan Province released a centralized recruitment announcement for civil servants under the appointment system in 2021, with a maximum annual salary of 500,000 for senior financial positions. Risk manager.

According to statistics from the U.S. Bureau of Labor Statistics last year, the average annual salary of financial risk managers in the United States was US$93,680, which is approximately 600,000 yuan when converted into RMB.

It is understood that financial risk managers currently receive generous salaries. Participating in professional training and obtaining qualification certificates is a shortcut to becoming one of these popular talents. At present, all major banks and foreign banks in my country are in urgent need of recruiting talents with such certificates. The annual salary is more than 300,000-500,000 yuan.

In addition, in addition to bank demand, companies will offer higher salaries. For example, joint venture securities companies deliberately offer high salaries in order to attract talents. You are also a financial risk manager. As your rank increases, your salary will naturally increase. It is not unusual for the difference to be 5 or 6 times.

FRM certificates have increasingly become the “standard” for financial risk management positions, and salaries and benefits have also increased accordingly. Starting salaries are generally higher than the industry average, and there is a clear path for career advancement.

The value of the FRM certificate

1. At the beginning of 2021, the FRM certification was recognized by the Institute of Banking and Finance (IBF) in Singapore. The institute said that those who pass the FRM Parts 1 and 2 exams and meet other requirements will be eligible to receive the Singapore Institute of Banking and Finance certification, which is synonymous with outstanding financial professionals in Singapore.

2. The British National Academic Recognition Information Center (formerly UKNARIC) has compared FRM certification with the degree certification frameworks of many countries and regions around the world. Due to the highly specialized development of the body of knowledge, FRM requires participants to apply many interrelated factors to conceptualize and solve complex problems, while requiring industry experts to participate and create courses relevant to global industry needs.

UKENIC believes that FRM’s awarding standards also meet the requirements for master’s degrees recognized by the United States, Singapore, South Africa, India, Canada, Australia and other countries and regions.

The number of FRM certificate holders in China

There are currently more than 70,000 FRM certificate holders in the world, of which more than 20,000 are from China and are employed by major companies across the country. financial institutions. Obtaining FRM certification is a prerequisite for many risk management positions in Chinese and international financial institutions, and is a great help for promotion or obtaining new positions.