INDIA’S CFA SALARY
We all know how well the financial sector pays; it is one of the highest-paying industries. In the United States, the typical compensation for a banker with a reasonable amount of experience working for any large multinational corporation is above USD $ 200,000.
In the first three to four years of your career, your pay is comparable to that of other professions, however, once you reach a certain threshold, it begins to climb tremendously.
In India, a CFA charter holder with 10+ years of experience gets an average of INR 25-30 Lacs per year. The best part of the CFA Program is that you can start working while studying for level 2 and level 3 because recognition begins at level 1.
Salary increases as you progress up the corporate ladder.
In the table, the salary that a CFA Candidate earns after passing various levels of the test is listed below.
Level of CFA Cleared Average Annual CFA Salary in India (INR)
Level 1 3 to 5 Lacs
Level 2 5.5 to 7 lacs
Level 3 10 Lacs or Above
SCOPE OF CFA IN INDIA
The CFA is a highly general finance course that does not focus on any one asset class. Every asset class is thoroughly covered by CFA in terms of its key concepts and applications. This opens up a wide range of possibilities because it isn’t limited to only stocks, bonds, real estate, or derivatives.
CFA opens up employment options in practically each asset class, and CFA(s) can be found throughout every industry sector. Even though the majority of CFA candidates aspire to work as a buy-side equities analyst or in portfolio management, there are numerous additional options available, including quantitative data analyst, trader, consultant, alternative investments, real estate, fixed income, and investment management.
Thus, evidently, the scope following CFA is vast, and one can pursue any interest and specialize in it. Financial modeling, pitch books, valuations, and other skill sets required in the industry that is not covered by the CFA syllabus broaden the scope even more.
Take our CFA Level 1 Coaching in Gurgaon today to start your career in Investment Banking.
Types of Job Roles for CFA
The below are the various job opportunities for a CFA
- Business Analyst
- Financial Analyst
- Credit Analyst
- Equity Research Analyst
- Investment Banking Analyst
- Corporate Finance Analyst
- Portfolio Manager
- Investment Professional
TOP RECRUITMENT FIRM FOR CFA
- JP Morgan Chase and Co. (JPMC)
- United Bank of Scotland (UBS)
- Royal Bank of Scotland (RBS)
- HSBC
- Wells Fargo
- Citi Group
- Morgan Stanley
- HDFC, Kotak Mahindra, ICICI
- Barclays
- Bloomberg
- Carlyle Group
- Blackstone
- Goldman Sachs
- Fidelity
- Deloitte, EY, KPMG, PWC
- Standard Chartered
- Jefferies
- Bluecrest Capital
- General Atlantic
- Deutsche Bank
- Bank of America
- Merrill Lynch
- BNP Paribas
- Bajaj Finance
- Nomura
