CFA costs around ₹2-2.5 lakhs, FRM around ₹1-1.5 lakhs. The average package after clearing CFA's three levels could be ₹9 lakhs plus, while FRM's could be ₹9-10 lakhs. CFA professionals work in hardcore finance like equity management and portfolio management. FRM professionals usually work in the banking and insurance sector's risk mitigation and management.