Risk Managers can be compared to Financial Managers in terms of remuneration and pay. A survey held between 2010 and 2011 ascertained that the 50% of the middle level risk managers earn annual salaries of 25- 35 lakhs. The top 10% earn annual salaries of more than 40 lakhs! As crucial as this function might be, the returns are fabulous. 

The average workday of a risk manager at a credit rating agency:
9.30 am-1 pm: Reach office. Check and respond to mail. Discuss work plan with supervisor. Go through financial papers (company information, project plan, balance sheet) and analyse company and industry data. Call up and discuss issues with clients
1 pm: Lunch break
2 pm: Prepare for meeting with client A. Meet management of client B. After the meeting, write a report on credit analysis of the issuer (client B)
 7.30 pm: Pack up for the day

1. Analytical thinker
2. Good problem solving skills
3. Excellent leadership qualities
4. Essential characteristics
5. Excellent communication skills
6. Good interpersonal skills
7. Ability to make effective decisions

Be an integral part of the organizational processes
Be systematic and structured
Be ready to achieve and identify acceptable level of risk
Be a part of the decision making
Be sure if the risk mitigation measures adopted by the company shall be effective in the long term
Be transparent and inclusive
Be efficient in operations
Be capable of improvement and enhancement
Be dynamic, interactive, responsive to change

Bachelor’s degree in risk management, finance, or other related field is the minimum qualification for Risk Manager. Many aspiring risk managers complete internships to gain practical experience. Some also gain professional certification through organizations like the Institute of Insurance and Risk Management (IIRM), which was set up jointly by the Insurance Regulatory and Development Authority (IRDA) of India and the State Government of Andhra Pradesh in 2002.

George College, Kolkata
Institute of Insurance and Risk Management, Hyderabad
School of Management Sciences ( SMS ) , Varanasi
The Institute of Insurance and Risk Management (IIRM)
Institute Name: International School of Actuarial Sciences (ISAS)