I searched the Internet and found several free Risk compensation surveys. One of the best is from Risk Talent - executive research firm specialising in Risk recruitment.
Members are encouraged to upload known to them free salary and compensation surveys.
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TRENDS:
Senior Quant, Pricing, Market Risk Modelling, Nordrhein-Westfalen, € 85 -90 k
Operational Risk Manager, 3 years experience, Munich € 70 k
Riskcontroller, 2 years experience, Munich
RWA Expert, Credit Risk, 3-5 years experience,Munich, € 75 k
Stresstest Expert, Credit Monitoring, Munich, € 75 k
Senior Quant Analyst, Pricing, FX, interest rates, Duesseldorf, € 85 k
Risk Analyst, Quant, Junior, € 70 k
Junior Risk Controller, € 55 k
These are just a few trends currently on the market.
If you also looking for a candidates within these fields or you are looking for something else, please do not hesitate to update me.
The major difference from my perspective is that PRM is more doable since the exam can be split into four where the FRM is now split into two parts.
Also, PRM is more mathematically intensive (exam 2). GARP is based on reading which change every year. PRMIA does not change much and is therefore more consistent.
Undoubtedly, FRM exam is the gold standard in risk management certifications and my feeling is that actual job descriptions asking more FRM designation than PRM.
What are your takes on the difference between the two and how appropriate is each for someone wanting to break into the Financial Risk Management field?
The major Global certification for financial risk managers is FRM from GARP.
Also you might want to check the following discussion: http://globalriskcommunity.com/forum/topics/what-is-the-recommended
Kia Aurash said: