CFA course enables you to hold a grip on financial and investment aspects of an economy. CFA Course gives you an opportunity to work as a Chartered Financial Analyst, Investment Manager, Portfolio Manager.
Interest in CFA courses is increasing by time and those who are opting for this course are having significant benefits in terms of career growth and compensation. CFA degree will help one to earn INR 4,00,000 - INR 40,00,000.
The course opens wider gates for job opportunities to you. Points listed below will help you get an overview of the companies, sectors and job profiles and other aspects related to this course.
Check: CFA Admission 2023
CFA Jobs Quick facts
- Without CA, only CFA degree will help one to earn INR 4,00,000 - INR 40,00,000
- After completion of CFA, the students are placed in renowned companies like JP morgan, PWC Group, HSBC, RBC etc.
- CFA can be pursued abroad as well for better job opportunities and a high pay scale.
Job Functions(% of CFA Charterholders)
- Consulting (10%)
- Chief Executive Level (9%)
- Investment Strategy (7%)
- Risk Management (7%)
- Relationship / ?Wealth Management (5%)
- Financial Planning (3%)
CFA Top Recruiters
There are no. of reputed accountancy and legal firms that recruits CFAs at senior positions. Most of the recruiting companies are either Banks or financial organizations. Few of those top recruiting companies are listed below:
| Top Recruiting Companies | |
|---|---|
| Wells Fargo | HSBC |
| Ernst and Young | Citi Group |
| UBS | RBC |
| Morgan Stanley | JP Morgan |
| Goldman Sachs | PWC Group |
CFA Top Job Sectors
CFAs are in huge demand in almost every sector. Few of those sectors are mentioned below:
| Top Recruiting Sectors | |
|---|---|
| Banks | Auditing Firms |
| Finance Companies | Mutual Funds |
| Portfolio Management Companies | Investment Houses |
| Stock Broking Firms | Legal Firms |
| Legal House | Patent Firms |
| Attorneys | Trade Mark Companies |
| Copyright Registers | - |
CFA Job Prospects
CFA offers ample job opportunities in the economy. As this is the highly paid position of the company, you need to enhance more of your skills and need to gain more experience to grab the highest package.
Few of these CFA positions are discussed below in the table:
| Job Position | Description of the Job | Average Salary | Highest Salary |
|---|---|---|---|
| Business Consultant | Their role is to deal with the business problems and suggest the possible solutions. Analysing the company’s financial statements and then helping them in meeting future goals. They basically develop the high-level roadmap of the business initiatives and future goals. They balance the customers' requests with the technical constraints. | Up to INR 9 Lakhs | Up to INR 20 Lakhs |
| Chartered Financial Analyst | They are responsible for analysing financial portfolios and creating recommendations on the basis of the same. They set the financial goals and identify the key steps to achieve them. | Up to INR 6.65 Lakhs | Up to INR 20 Lakhs |
| Research Analyst | Research Analyst job is to analyse the given data and provide the employer with a meaningful interpretation. They usually present the data or the results in both oral and written formats. In addition, they report their findings to the organization on a regular basis so that they get well versed in creating and taking presentations. | Up to INR 4 Lakhs | Up to INR 8.48 Lakhs |
| Private Bankers | Private bankers maintain the relationship with the bank’s clients and monitor their needs. They provide the credit, loans and other solutions to the client. They aim at increasing the wealth of clients through investments and they also help in purchasing home and estate planning. | Up to INR 8.58 Lakhs | Up to INR 40 Lakhs |
| Risk Manager | They basically analyze the risk in the market, prepare a specialised plan for it and then execute the plan to reduce the level of risk facing. They usually coordinate with the risk management activities in order to prevent liabilities. They keep a check on whether the office staff is adhering to safety rules or not. | Up to INR 10 Lakhs | Up to INR 2 crores |
| Portfolio Managers | Portfolio managers are responsible for investing money. They also handle the client’s mutual funds investments. They manage bond and equity portfolios to maximise the investment returns with an acceptable level of risk. This position mainly requires experience in the financial asset management and investments. | Up to INR 10 Lakhs | Up to INR 30 Lakhs |
| Corporate Financial Analyst | They create financial strategies for their clients in line with their goals and desires. They are proficient in computer softwares like Microsoft, like Microsoft access and excel. Their main responsibilities are to analyze and understand programs like rebates, loyalty marketing and promotions. They manage customer relationships and create a strong customer base | Up to INR 6 Lakhs | Up to INR 10 Lakhs |
| Financial Advisors | Financial Advisors are the ones who primarily work for the financial institutions like banks, mutual funds, insurance companies, and alike. They interview clients and on the basis of the gathered information from them, they make financial strategies. They help the clients with both short term and long-term goals. They sell financial plans to their clients to meet their financial goals. | Up to INR 3.58 Lakhs | Up to INR 10 Lakhs |
CFA Gender Breakdown
According to the surveys, 89.7% of the male population is employed in the CFA job sector whereas only 10.3% females are employed in this sector.
Though this ratio is little fine, we can expect an increase in women’s ratio in this sector in the coming generations. This also shows that most of the men population are being recruited in this sector.
CFA Jobs FAQs
Ques: What jobs can a CFA get you?
Ans: Most CFA get hired as Portfolio Managers after getting certified. Next most common positions are Research Analysts and Chief-level Executives.The sectors with the highest percentage of CFA are Asset Management, Investment Banking, Equities, Research and Wealth Management.
Ques: What is CFA Level 1 Expected salary?
Ans: A Chartered Financial Analyst (CFA) can expect an average starting salary of INR 3,92,500. The highest salaries can exceed INR 16,00,000. Total compensation includes salary, bonus and profit sharing.
Ques:Is CFA a good career option?
Ans: A Chartered Financial Analyst (CFA) is a lucrative career option for those aspiring to become investment professionals. A career in CFA is most suitable for the students interested in finance, financial planning etc. In India, one must attain the necessary qualifications and certifications to become an official CFA.
Ques: Can CFA Level 1 get you a job?
Ans: Based on the numbers, if you've passed Level I, the job roles most likely available to you are intern, accountant or assistant accounting manager, investment administrator, fund analyst, investment product analyst, and junior equity research analyst (which is often the first step toward getting into asset).
Ques: Are CFA in demand?
Ans: The CFA institute reveals that the core investment professionals are in high demand not only in our country but also in countries outside India.
Ques: Who earns more CFA or MBA?
Ans: MBA in Finance and CFA are both excellent courses for budding financial analysts and investment bankers in India.
Ques: Can CFA be done with a job?
Ans: Most CFA candidates study whilst having a full-time job. Luckier ones have employer support in the form of study leave and exam fees.
Ques: Which is better CFA or MBA?
Ans: CFA is intensely-focused on one thing: making you an investment expert. You will come out of the CFA Program with a specialized skill set for asset management. The MBA, on the other hand, is a broader approach. While the CFA Program is intensely focused, the MBA program is better defined as a mile wide and a foot deep.
Ques: Does Goldman hire CFA?
Ans: Yes. The salary ranges between INR 5,91,000 - INR 7,11,000 according to Glassdoor.
Ques: Can anyone pass the CFA?
Ans: After the last CFA exam sitting in June 2019, just 41% of people passed CFA Level I - the lowest pass rate since 2011. 44% passed Level II. Level III is the only CFA exam which a majority of candidates typically pass - and even then, the margin is small - just 56% passed CFA III in June last year.
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