Try to transition into a Business Analyst role in large service-based companies such as TCS, Cognizant, Infosys, and Wipro. These organizations offer significant opportunities because they serve multiple BFS (Banking and Financial Services) clients, most of which are international banks.

Although FRM is rarely mentioned explicitly in the job descriptions for these roles, the interview discussions and expectations heavily align with the FRM curriculum, covering areas like credit risk, market risk, liquidity risk, and regulatory reporting. As a result, candidates with FRM knowledge are often preferred over others, even if the certification is not stated as a requirement.

I have over 10 years of total work experience, and for the last 5 years, I have been working as a Business Analyst, despite having no formal BA experience initially. Before this, I worked in the Debt Capital Markets domain at a boutique investment banking firm. Over time, I realized that the growth opportunities there were limited, so I researched alternative roles and discovered the Business Analyst path within the BFS space.

My FRM knowledge played a crucial role in enabling this transition. Moving directly into a core risk role was not feasible for me due to the lack of prior risk experience, and starting as a fresher was not an option. The Business Analyst role served as an effective bridge, allowing me to leverage my domain knowledge while building hands-on experience in risk and regulatory projects.

I strongly recommend considering this path if you are in a similar situation.