CFA Salary in India (2024)

FAQs

CFA Salary in India? ›

CFA earnings in India vary based on experience and level, with entry-level salaries around ₹7-12 lakh, mid-level at ₹13-25 lakh, and senior-level at ₹26-50 lakh+ per annum.

Scope of CFA

In general, the average starting salary of a CFA is INR 6 to 8 lpa. With enough experience in wealth management and portfolio management, you may also become a Hedge Fund Manager which may help you earn a salary of INR 15 lpa. There are numerous benefits of becoming a CFA.

CFA course is one of the best certification courses available in the finance industry as it helps in building a very strong foundation and opens doors for multiple opportunities not just in India but globally as well with ample choices and benefits in hand.

Consulting and Advisory Firms: Companies like KPMG, Deloitte, and PwC are top-tier consultancies that hire CFA charterholders for their financial advisory, risk management, and consulting roles.

The average package of a CA salary in India ranges between 6-7 lakhs which increases depending on your work. The average CFA salary in India of freshers are estimated up to 4 Lakhs which increases with your experience and ability. Now, let's have some understanding about CA and CFA in a detailed manner.

Yes, there is a strong demand for CFA professionals in India, especially in sectors like investment banking, asset management, and private equity.

The short answer is Yes. If you wish to pursue a global career, a CFA will be an added feather in your cap. Several countries prize the CFA® designation.

CFA vs MBA who earns more, if general both the courses are great. However, if we see the career opportunities and earning potential, an MBA pass out will make more money than the CFA holder.

Career aspirations: While there is certainly overlap in how business school graduates and charterholders apply their expertise, MBA programs are generally ideal for professionals who want to pursue management positions in any industry. A CFA designation suits professionals dedicated to working in the finance industry.

How many CEOS have a CFA? ›

On the other hand, the CFA Institute reports that only 7 percent of all its graduates are working as chief executive officers of big corporations. The most popular career for CFAs is portfolio manager, with 22 percent of individuals working in this position being charterholders.

Investment Banking

Large banks such as Goldman Sachs and Merrill Lynch tend to be good examples of the specific types of companies that hire CFA charterholders.

Yes, CFA is one of the toughest courses in the field of financial markets and investment management.

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.

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.

As of Apr 21, 2024, the average annual pay for a Cfa in California is $104,029 a year. Just in case you need a simple salary calculator, that works out to be approximately $50.01 an hour. This is the equivalent of $2,000/week or $8,669/month.