CFA Salary, Job Roles, Recruiters, Locations, Level 1, Level 2, Level 3, Prospects, 2023

CFA Job Roles

CFA Jobs vary across different positions and organizations, offering lucrative salaries to graduates. With over 4 lakhs students opting for CFA certification annually, the demand for CFA professionals is growing rapidly. The average CFA salary in India ranges from INR 8 LPA to INR 35 LPA, which is a substantial remuneration. Check: CFA vs CA

Some popular CFA job roles include Investment Analyst, Portfolio Manager, Risk Manager, Financial Planner, and Research Analyst. These roles are highly sought after and provide excellent career growth opportunities. Top locations for CFA jobs in India include major financial hubs like Mumbai, Delhi, Bangalore, and Chennai.

Salary after CFA

CFA Salary,after attaining the CFA Level 1 certification, professionals can expect an average salary of around INR 5 Lakhs to 8 Lakhs per year. Upon completing Level 2, salaries may increase to INR 10 Lakhs to 15 Lakhs. Finally, after conquering Level 3, salaries can range from INR 15 Lakhs to 25 Lakhs, with the potential for even higher earnings in senior positions.

The CFA pay increases with each level; the higher the level you have attained, the higher your CFA income will be. Only those who have completed Level 1 and have a significant amount of work experience are eligible to apply for Level 2. Below you can see a rough level-wise wage structure for CFAs to give you an idea. Also Check: CFA Gender Breakdown

CFA Level 1

After completing CFA Level I, candidates can expect an average salary ranging from INR 4,00,000 to 10,00,000. Graduates from any discipline can pursue CFA Level I, which generally lasts for six months. The program's cost in India can range from INR 1,25,000 to INR 5,00,000 per annum. The CFA curriculum for Level I equips candidates with essential knowledge of investment tools, asset classes, portfolio management, and ethical standards.Notable institutions offering CFA Level I in India include Manipal Academy of Higher Education, IIT Bombay, and Chandigarh University.

CFA Level 2

The CFA Level II is a professional certification program recognized worldwide, providing competencies and skills for the financial industry. It covers concepts related to equity, finance, investment management, and valuation. To pursue Level II, one must pass Level I and have a graduation degree. Candidates need 4 years of working experience. The exam includes essays and MCQs. It can be taken online or offline.

Check: CFA Level II Registration 

Popular institutes in India offering CFA courses are Narayana Business School, Central India Institute of Management Studies, and ICFP. The fees range from INR 1,90,000 to 5,60,000. After completing Level II, candidates can find lucrative job opportunities or proceed to the next level. Job roles include Chartered Financial Analyst, Business Consultant, Market Research Analyst, and Investment Manager. The average salary after Level II can range from INR 4 to 20 LPA.

CFA Level 3

The salary after achieving CFA Level III qualification in India, in Indian Rupees (INR), can vary depending on various factors such as experience, location, and industry. On average, CFA Level 3 holders can expect a starting salary of around INR 10-15 lakhs per annum, with the potential for significant growth as they gain more experience and expertise. However, it's important to note that individual salaries may vary and can be higher or lower than this range. Check: CFA vs MBA

Top Location for CFA Jobs

When it comes to pursuing the Chartered Financial Analyst (CFA) designation, India and abroad offer several top-notch locations. In India, Mumbai and Delhi are popular choices due to their thriving financial sectors. Internationally, New York, London, and Hong Kong stand out for their robust finance industries and numerous career opportunities. Also Check: Certified Management Accounting

• India: Mumbai, Delhi, Bengaluru, Kolkata, Chennai, Hyderabad, Pune, Ahmedabad, Jaipur
• United States: New York City, Chicago, San Francisco, Los Angeles, Boston, Washington, D.C., Houston, Atlanta
• United Kingdom: London, Edinburgh, Manchester, Birmingham, Glasgow, Bristol, Leeds, Oxford
• Canada: Toronto, Vancouver, Montreal, Calgary, Ottawa, Edmonton, Halifax, Winnipeg
• Singapore
• Hong Kong
• Australia: Sydney, Melbourne, Brisbane, Perth, Adelaide
• Dubai, United Arab Emirates
• Frankfurt, Germany
• Zurich, Switzerland
• Paris, France
• Tokyo, Japan
• Shanghai, China
• Seoul, South Korea
• São Paulo, Brazil
• Johannesburg, South Africa
• Moscow, Russia
• Riyadh, Saudi Arabia
• Mumbai, India (CFA Institute's Asia-Pacific Headquarters)

Top Jobs Functions

Financial Manager in the Department of Corporate Houses: 

• The financial activities and choices made inside the corporation are supervised by a financial manager in the Department of Corporate Houses. 
• Financial Manager do financial data analysis, prepare financial reports, make budgets, and offer strategic financial guidance. 
• The average Financial Manager salary ranges from INR 12,00,000 to 20,00,000 annually.

Chartered Financial Analyst (CFA) Manager in Private Sector Banks: 

• In private sector banks, a CFA (Chartered Financial Analyst) manager is essential to managing the bank's investment portfolio and guaranteeing regulatory compliance. 
• They assess investment prospects, analyse market trends, and reach wise investment judgements. Check: Relevance of CFA in India
• Typically, this post pays between INR 10,00,000 and 18,00,000 a year in compensation.

Financial Analyst in Investment Management Companies:

• Financial analysts working in investment management companies assess investment opportunities, analyze financial statements, and provide recommendations for portfolio management. 
• They monitor market trends, perform valuation analysis, and contribute to the development of investment strategies. 
• The salary range for financial analysts in investment management companies typically falls between INR 12,00,000 and 22,00,000 per annum.

Also Check: Finance Courses after 12th

CFA Professor in Private Colleges/Universities:

• Financial analysis, investment management, and other financial-related courses are taught by CFA instructors in private institutions and universities. 
• They create the curriculum, deliver the lectures, guide the students, and assess their development. 
• CFA lecturers often earn between INR 9,00,000 and INR 17,00,000 per year in remuneration.

CFA Manager in Insurance Agencies:

• Insurance agency CFA managers supervise investment portfolios, assess risks, and guarantee the agency's financial security. 
• They keep an eye on investment activity, provide recommendations for investment plans, and track market trends. 
• CFA managers often earn between INR 9,00,000 and 15,00,000 per year in insurance organizations. Check: CFA Courses on Udemy

Top CFA Recruiters

Among the top Recruiters of CFA charterholders are both governmental and private institutions. While wages in the private sector are respectable, CFA positions in the government come with better pay and more reputation. Recruiters come from a variety of fields, including startups and large corporations. 

Reputable companies like ABC Company, XYZ Corporation, QWE Ltd., and PQR Industries are among the top CFA recruiters. Depending on experience and other considerations, these recruiters offer excellent remuneration packages ranging from 9 lakhs to 35 lakhs per year. To find appropriate employment, candidates should thoroughly check the list of recruiters. Check: Finance Certification Courses

• Reliance Industries Ltd.
• Crisil
• SBI Bank
• ICRA
• Credit Suisse
• Emami Agrotech
• Citigroup
• Legion Partners
• KPMG
• HDFC Bank
• Deloitte
• PwC
• HSBC Bank
• ICICI Bank
• Bharti Airtel
• RBC
• Aditya Sun Life
• Axis Bank
• Global Alpha
• The Goldman Sachs Group Inc.
• Ernst & Young
• Hindustan Unilever Ltd.
• ITC
• JP Morgan & Co.