Chartered Financial Analyst (CFA) is a course that qualifies graduates to work in the financial world. It is a globally recognized course that gives graduates the opportunity to work in India, as well as in countries such as the US, UK, UAE, Hong Kong and Australia.
In recent years, the demand for CFAs has increased dramatically and many companies are hiring experts who can help manage investment portfolios. Moreover, international companies in India are more likely to hire people with globally recognized qualifications rather than local qualifications.
Scope of the CFA
After completing the CFA, you can work in various job profiles within the financial world. Some of the most preferredjobs as CFA charter holdersrecording isInvestment banking and stock brokerage.
In general, the average starting salary for a CFA isINR 6 to 8 lpa.With sufficient experience in asset management and portfolio management, you can become one tooHedge fund managerthat allows you to earn a salaryINR 15 lpa.
There are many benefits to becoming a CFA.Besides working in India, a CFA can also explore various opportunities in other countries such asVS, VK, Singapore, Hong Kong and UAE. Indian companies likeMotilal Oswal en ICICI Securitiesas well as international companies such asGoldman Sachs, Morgan StanleyInthe Big 4 (KPMG, Deloitte, EY and PwC).
CFA Salary based on levels
| CFA level cleared | Average Salary (in INR) |
| Level 1 | 4 – 5,4 lpa |
| Level 2 | 6 lpa |
| Level 3 | 10+ lpa |
CFA salary in India based on job profile
Based on the job profile you are working in, your average salary after completing CFA could be as follows.
| Job profile | Average starting salary (in INR) |
| Financial analyst | 6,00,000 to 7,00,000 |
| Portfolio manager | 6,50,000 to 7,50,000 |
| Financial manager | 9,00,000 to 10,00,000 |
| Financial Advisor | 4,00,000 to 5,00,000 |
| Investment banks | 9,00,000 to 10,00,000 |
| Hedge fund manager | 10,00,000 to 15,00,000 |
CFA job profile
If you plan to sueCFA-course, there are many profiles you can work in depending on your preferences and skills.
1. Financial analyst
As a financial analyst, you are responsible for reviewing the financial data and determining the next steps to take to maximize the amount of revenue/revenue. A financial analyst will also predict financial performance based on current market trends and participate in making business decisions.
The average salary for a financial analyst is around 56,000 per month
2. Portfolio manager
The portfolio manager's main task is to make important investment decisions, both for himself and for a client. Such professionals use multiple investment strategies to help their clients achieve certain financial goals. This job requires a lot of research and strategic thinking to know when to let go of certain investments and when to change them to get the best results.
The average salary for a portfolio manager is around 52,000 – 54,000 per month
3. Financial manager salary
A financial manager is a person who can oversee the financial activities of a company. In a smaller company they may be required to manage the entire portfolio of the company, while in a larger company they may need to specialize in specific tasks and aspects of finance. Some tasks performed by a financial manager include budgeting, cash management, preparing financial forecasts, and managing potential risks.
The average salary for a financial manager is around 84,000 per month
4. Financial advisor
The primary role of a financial advisor is to provide advice on how their client or business can manage their money and finances in a better way. This includes making new transactions, creating financial plans, evaluating existing investments and making necessary changes.
The average salary for a financial advisor is around 33,000 euros per month
5. Investment banks
Careers in investment banking have gained a lot of popularity in recent years. One of the main reasons behind the global increase in demand for CFA is that people want to work as investment bankers in prestigious companies. An investment banker is a person who handles all investments for a company, a client or himself. This includes issuing shares, arranging purchases and sales, handling mergers and acquisitions and preparing bond issues.
The average salary of an investment banker is approximately 77,000 euros per year. month
6. Hedge fund manager
A hedge fund manager is an individual responsible for overseeing the operation of a hedge fund. Hedge funds are pooled investment funds of wealthy individuals that have the potential to earn high returns using different types of investment strategies.
The average salary for a Hedge Fund Manager is around 125,000 per month
CFA qualification
Students who have graduated or are in their final year of graduation can register for the CFA exams.
CFA-structural exam
The exam structure of CFA is quite simple. It consists of 3 levels namely level 1, level 2 and level 3.
Level 1 exams can be given in February, May, August and November, level 2 can be given in February, August and November and level 3 in May and August.
Your salary after CFA can depend heavily on the type of work experience you have and your academic qualifications. Moreover, even after starting as a financial analyst, the growth trajectory you experience and your salary package depends on your financial skills and the kind of impression you make on your colleagues.
The Chartered Financial Analyst is a globally recognized qualification in the field of finance and investments. If you have recently completed your graduation or are appearing for your final semester, you may be eligible to become a CFA. Interested? We highly recommend that you use our Kursus en Chartered Financial Analyst (CFA)..
How are the CFA exams administered?
CFA exams are administered in a computer-based exam center. There are no written exams at any level.
What is the pass rate for CFA?
The overall pass rate for the CFA is as follows: Level 1: 42% Level 2: 45% Level 3: 54%. Zell's pass rate for the CFA is 80%.
How much does it cost to pursue CFA?
Overall, the CFA course will cost you around INR 3 to 3.5 lakhs. This amount includes exam registration costs, training costs and study material costs. The registration costs USD 450 (approximately INR 34,470) and the cost to complete each level is between USD 700 to 1000 (approximately INR 55,000 to INR 75,000). For training costs for all three CFA levels, you can expect to pay fees between INR 25,000 and INR 60,000.
