Written By Team CFI

CFA as a course has grown in popularity over the years, particularly in India. For the past seven years, the number of applicants registering for CFA has increased by 30% year on year, and India is now the third-largest market for CFA after China and the United States.

This creates competitive rivalry among candidates, both in terms of passing exams and landing a job. It’s safe to conclude that the number of job seekers in the field has risen, but finance organizations in India have only just begun to expand.

Comparatively, only 2.3% of Indians have made investments in capital markets, as opposed to over 78% in the United States as per the NSE (National Stock Exchange).  It is hard to imagine how much wealth the Indian people will be able to accumulate if they progressively convert their money from savings and other asset classes to capital markets.

Due to this, it is straightforward to predict that talented finance specialists will be in high demand for the foreseeable future based upon those data points.

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.

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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

The following are some of the top employers looking for CFAs:

  • 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

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