Risk has always existed in the business world. With globalization and a complex regulatory landscape, the stakes are now higher than ever. Because of this, the risk management job market continues to grow. More firms are hiring risk professionals, which increases the chances of building a successful career in risk management.

Risk managers and compliance experts play a crucial role in business success. They help firms steer clear of threats and identify new opportunities.

 The COVID-19 pandemic has brought attention to the critical role risk managers play in achieving business goals, which has led to firms looking for qualified risk management experts to assist them in navigating through any such crisis—choosing a Risk management course after graduation could open up a lot of job opportunities given the current circumstances of the growing demand for risk professionals. 

Risk Management Market Predictions

According to Mordor Intelligence, the global risk analytics market was expected to grow at a CAGR of 14% by 2022. By 2026, this sector alone is anticipated to reach a value of Rs. 3,89,902 crores ($52.33 billion).

In India, 50% of all asset-intensive organizations are projected to follow risk management best practices, such as appointing risk owners and risk officers.

Risk management is now one of the most valuable industries worldwide. For both new and experienced finance professionals, it offers highly lucrative employment opportunities. Upskilling through professional courses or certifications is an effective way to enter the industry.

How Well Does a Career in Risk Management Pay in India?

Risk managers hold strong value within their organizations, and their compensation reflects that. According to Glassdoor, skilled professionals can earn up to ₹8,17,252 per year in India. Their work spans strategic risk, operational risk, compliance, financial risk, market risk, credit risk, reputational risk, and even health hazards. Because of this wide scope, risk managers require a holistic approach to organizational challenges, which explains why they are well compensated.

Recruiter.com reports an average growth rate of 1.31% in the Indian risk management job market. This growth could result in about 50,000 new jobs by 2029. For professionals seeking consistent career progress, risk management offers a promising path.

The job market for risk professionals has already grown compared to pre-pandemic levels. At present, LinkedIn lists more than 29,000 jobs in the field. Shine.com has 15,685 listings, and Indeed.com currently shows 14,155 openings.

Salaries of Risk Managers

On average, risk managers in India earn ₹1,005,456 per year. Freshers or those with less than one year of experience can expect up to ₹6,34,025 annually. Professionals with one to four years of experience typically earn about ₹8,01,764 per year. Overall, salaries rise steadily with experience, making this a field with strong long-term earning potential.

How Is the PGDRM Programme Beneficial?

At GRMI, we aim to develop a talented pool of professionals trained in a world-class risk management curriculum. This creates an ecosystem where large corporates can hire skilled risk managers with confidence.

The PGDRM course is designed as a job-oriented programme for aspiring risk professionals. GRMI also works to place students with leading consulting firms and large corporates in India and abroad. The goal is to build both a national and international talent hub for future risk managers.

References 

https://www.payscale.com/research/IN/Job=Risk_Manager/Salary
https://herovired.com/how-well-does-a-career-in-risk-management-pay-in-india/
https://economictimes.indiatimes.com/jobs/six-in-10-employees-believe-covid-19-pandemic-has-impacted-reskilling-upskilling-strategies-survey/articleshow/90514928.cms
https://www.mordorintelligence.com/industry-reports/risk-analytics-market
https://www.capita.com/sites/g/files/nginej291/files/2020-08/Ponemon-Global-Cost-of-Data-Breach-Study-2020.pdf