Salary · Finance & Accounting
FRM (GARP) salary: what it pays (2026)
Indicative pay ranges for roles that commonly value FRM - broken down by role and by market. These are orientation figures, not a salary survey, so use them to compare and plan, then verify for your own city and year.
Indicative ranges for orientation only - not surveyed data, and not financial or career advice.
What FRM tends to pay
FRM holders in the US indicatively earn base salaries commonly ~$90k-150k depending on role and seniority, with total compensation higher once bonuses are included. Concentrated in financial centers.
Pay by role (indicative)
| Risk Analyst | ~$65k-95k base |
|---|---|
| Market / Credit Risk Manager | ~$95k-125k base |
| Senior Risk Manager | ~$120k-150k base |
| Risk Director | ~$150k-200k base |
Bands are indicative US figures unless stated. Actual pay depends on experience, employer, city and year.
Other markets (indicative)
| United Kingdom | ~£55k-110k |
|---|---|
| Canada | ~CA$90k-150k |
| Germany | ~€65k-110k |
Jobs that often ask for it
- Risk Analyst
- Market Risk Manager
- Credit Risk Manager
- Risk Director
- Chief Risk Officer
Weigh the pay against the cost
Salary is only half the picture. Before you commit, check what FRM actually costs to sit and maintain, and where it can take you over a career.
- See the full fee breakdown in the FRM cost and overview (exam fee, retake, materials and renewal).
- Estimate your total spend, including a possible retake, with our exam cost calculator.