November 25, 2015
Everybody knows that as a Chartered Financial Analyst you’ll be looking into a lot of financial matters for your clients and company but what about your financial status? Is it worth all the hardwork? Since you are here, I am sure that you are contemplating over the idea of pursuing CFA and looking to gather as much information on CFA as you can. So without wasting anymore time let’s talk about the most important information “SALARIES”- because it is the salary that will decide which car you’ll be driving.
You might not get the exact numbers that are mentioned below, but it will give you a fair idea about what you can expect.
After completing your CFA there are a lot of opportunities as far as job profile is concerned. You can select the one which interests you the most. The salary of for different job profiles is as below:
|Financial Analyst||Between $40,801 – $95,414|
|Investments Analyst||Between $44347 – $117,280|
|Senior Financial Analyst||Between $51,680 – $ 103,824|
|Portfolio Managers||Between $59,492 – $162,747|
|Corporate Financial Analyst||Around $61,210|
|Investment & Security Analyst||Around $73,090|
|Vice President of Finance||Around $131,700|
|Chief Financial Officer||Around $145,810|
Like every other profession, experience plays an important part for CFAs too. Higher the experience, higher is the salary.
|Years of Experience||Salary*|
|Less than a year||$51,050|
|1 to 4 years||$63,900|
|5 to 9 Years||$93,452|
|10 to 19 Years of Experience||$119,309|
Companies that hire most number CFAs are Financial Services Providers. But with changing times, everybody now has requirement for the services of CFAs but the salary offered depends on the type of employer.
|Type of Employer||Salary*|
|State & Local Governments||Around $76,041|
|Foundations & Trusts||Around $77,438|
|Federal Governments||Around $78,467|
|Private Practices||Around $80,617|
|Self Employed||Around $90,005|
|Franchises & Other Organizations||Over $10000|
Size of the organization also matters while deciding the salary.
|Less than 10 Employees||Around $75,756|
|10 to 49 Employees||Around $83,144|
|50 to 199 Employees||Around $85,649|
|200 to 599 Employees||Around $97,579|
|600 to 1,999 Employees||Around $100,980|
|2,000 to 4,999 Employees>||Around $82,571|
|5,000 to 19,999 Employees||Around $90,807|
|20,000 to 499,999 Employees||Around $101,940|
Company sales and your salary are directly proportional, which means that if company is earning well, you will earn well too.
|Less than $500,000 in sales||Around $70,468|
|$500,000 to $2,000,000||Around $82,122|
|$10 million to $99 million||Around $130,180|
|$100 million to $500 million||Around $132,500|
|$2 billion||Around $104,000|
The salaries mentioned above are exclusive of any bonuses, incentives, profit sharing and other allowances so that will be an add on to your salary.
*Salary Source: CFA Salaries
So if you are impressed with the salary that a CFA charterholder earns and have made your decision to pursue CFA then you can join EduPristine, which provides best training for the CFA certification