Explore CFA career scope, salary trends, and placement opportunities in India. Know top recruiters, job roles, and packages for CFA charter holders. India is one of the fastest-growing markets in the eyes of the investment giants and is expected to grow significantly in the next decade.
- CFA Placements and Career Scope in India
- CFA Salary in India
- Top Recruiters of Chartered Financial Analyst
- Job Offers for Those Who Cleared the CFA in the First Attempt
- CFA vs MBA vs CFP
- Average Salaries for CFAs in Other Countries
CFA Placements and Career Scope in India
After successful completion of all three levels of the CFA examination, certified financial analysts get placed as financial and investment advisors in leading corporations, multinational companies, financial houses, and other big organisations. Hence, with the growing industries in India, CFA professionals have a wide scope. Their roles and responsibilities are not limited to finance, derivatives, equity or bonds. The role of CFAs as Accountants and Auditors, Risk Analysts, Credit Analysts, Portfolio Managers, Investment Strategists and Chief Investment Officers will continue to exist with optimal performance quotient for many years.
Future of Finance Professionals in India
India has the potential to become the future investment hub of the world. Our country is one of the fastest-growing markets in the eyes of the investment giants and is expected to grow by up to 33 per cent in the next decade. India enjoys strong economic growth and there is an increasing demand from the population for financial services. Thus, India enjoys favourable globalisation and positive trends in investment technologies.
Taking up a profession as a Chartered Financial Analyst in India is rewarding, as the professionals find themselves in the most prospective and highly paying CFA jobs in India and abroad. The position of multinational investment firms in India promises to offer more investment and operational roles for the Chartered Financial Analyst in the country.
CFA Careers: What Do CFA Charterholders Do?
Earning a Chartered Financial Analyst charter opens various doors for career opportunities in the field of finance, ranging from wealth and asset management, investment banking and commercial banking to consulting. The average total of the CFA salary in India across all job functions ranges between INR 10 LPA to INR 12 LPA, which can change depending on the job role, experience, and organisation. According to a survey by the CFA Institute, here is a breakdown of what the CFA charterholders do:
| Career Path | Percentage |
|---|---|
| Portfolio Management | 25% |
| Investment and Research Analysis | 12% |
| Consulting | 10% |
| Risk Management | 7% |
| Relationship/ Wealth Management | 5% |
| Financial Planning | 3% |
| Investment Strategy | 7% |
| Credit Analysis | 5% |
| Trading | 4% |
| Audit and Accounting | 4% |
| Other | 9% |
CFA Salary in India
The detailed salary structure of the different roles that Chartered Financial Analysts can take up after completing their certification is as follows. Check out the table below to know the average salary of professionals after completing the CFA course in India:
| Job Role | Entry-Level (0-2 years) | Mid-level (3-7 years) | Senior-Level (8 years and above) |
|---|---|---|---|
| Financial Analyst | INR 2.2 LPA to INR 9 LPA | INR 10 LPA to INR 15 LPA | INR 16 LPA to INR 25 LPA |
| Portfolio Manager | - | INR 11 LPA to INR 20 LPA | INR 21 LPA to INR 25 LPA |
| Vice President in Finance | - | INR 30 LPA to INR 50 LPA | INR 51 LPA to INR 80 LPA |
| Senior Financial Analyst | - | INR 12 LPA to INR 20 LPA | INR 21 LPA to INR 33 LPA |
| Chief Investment Officer (CIO) | - | INR 55 LPA to INR 1.5 CPA | INR 1.5 CPA to INR 2.5 CPA (and above) |
| Chief Financial Officer (CFO) | - | INR 50 LPA to INR 1 CPA | INR 1 CPA to INR 2 CPA (and above) |
Also Read: How to become a Chief Financial Officer?
Other CFA Jobs in India
Check out the table below to know the other job opportunities for CFAs in India:
| Job Role |
Remuneration (in INR)* |
|---|---|
| Portfolio Manager |
INR 20 LPA to INR 45 LPA |
| Finance Manager |
INR 4 LPA to INR 34 LPA |
| Equity Research Associate |
INR 8 LPA to INR 25 LPA |
| Chartered Financial Analyst |
INR 7 LPA to INR 1.5 crores |
| Research Analyst |
INR 1.9 LPA to INR 11 LPA |
| Credit Analyst |
INR 2.4 LPA to INR 16.3 LPA |
| Senior Business Analyst |
INR 5.6 LPA to INR 26 LPA |
| Associate in investment banking |
INR 2.6 LPA to INR 40 LPA |
| Equity Analyst |
INR 2.8 LPA to INR 25.7 LPA |
| Investment banker |
INR 25 LPA to INR 60 LPA |
Top Recruiters of Chartered Financial Analyst
Some of the Top Recruiters of CFA graduates in the country are J.P. Morgan and Co., The Goldman Sachs Group, HSBC, Crisil, Credit Suisse, etc. The pay ranges of the CFAs as certified by the employer are as follows,
| Recruiters |
Salary Package (in INR)* |
|---|---|
| JP Morgan and Co |
INR 15 LPA to INR 60 LPA |
| The Goldman Sachs Group Inc. |
INR 14 LPA to INR 58 LPA |
| HSBC |
INR 6 LPA to INR 16 LPA |
| Crisil |
INR 5 LPA to INR 25 LPA |
| Credit Suisse |
INR 10 LPA to INR 40 LPA |
| Deloitte |
INR 18 LPA to 30 LPA |
| Ernst and Yong |
INR 12 LPA to INR 50 LPA |
| PWC |
INR 17 LPA to INR 21 LPA |
| KPMG |
INR 11 LPA to INR 40 LPA |
| SBI |
INR 5 LPA to INR 15 LPA |
| Standard Chartered Bank |
INR 8 LPA to INR 40 LPA |
| HDFC Bank |
INR 10 LPA to INR 50 LPA |
Explore popular CFA colleges for you
Job Offers for Those Who Cleared the CFA in the First Attempt
The job offers and the pay package for those who cleared the CFA exams in the first attempt is comparatively high. But there is not much difference in the availability of jobs and salary packages of those who cleared the exam in their first or second attempt. But the number of attempts does matter in grabbing a top-paid job with some of the top recruiters in the country. Firms such as Deloitte, KPMG and other top audit firms offer jobs with attractive pay packages even if they have passed in at least two or three attempts. More than the number of attempts, it is only the practical exposure of the candidates along with their decision-making ability, leadership skills, and communication skills that help them in fetching some of the highest-paid CFA jobs in the finance and investment industry.
CFA vs MBA vs CFP
CFA, MBA and CFP are the prestigious credentials in the finance industry. Check the table below to know a detailed comparison between them:
| Feature | CFA | MBA | CFP |
|---|---|---|---|
| Focus Area | Finance and Investment | General Business Management | Financial Planning |
| Duration | 3 to 4 years | 2 years | 1 to 2 years |
| Cost | INR 3.3 lakh to INR 4.28 lakh | INR 2 lakh to INR 30 lakh | INR 1.5 lakh to INR 2.5 lakh |
| Career Path | Suited for finance roles: investment banking, equity research, asset & wealth management | Opens roles in consulting, marketing, HR, finance, operations, and general management | Opens roles in personal finance, wealth management and advisory roles |
| Recognition |
Recognised internationally in the finance and investment industry | The global recognition is increasing for top B-Schools in India | Global recoginition in financial planning, taxes, insurance, estate planning, awarded by Financial Planning Standards Board (FPSB) |
| Average Salary (entry-level) |
INR 6 lakh to INR 12 lakh |
INR 15 lakh to INR 30 lakh |
INR 3 LPA to INR 10 LPA |
| Top Recruiters |
ICICI Bank, JP Morgan, Goldman Sachs, Deloitte, HSBC |
TCS, Amazon, Apple, Deloitte, Boston Consulting Group, Microsoft |
HDFC Bank, ICICI Bank, Groww, Zerodha, Motilal Oswal, Bajaj Capital, Edelweiss |
Average Salaries for CFAs in Other Countries
The UAE is the most preferred destination for CFAs from different countries as it is one of the flourishing cities and an excellent employment hub of the world. The salary of CFAs in UAE is very lucrative and a fresh CFA can get around AED 8,000-10,000 per month even in a mid-sized organisation. For those professionals with 2-5 years of experience, the average pay package is between AED 60,000 apart from other benefits.
The pay package of Chartered Financial Analysts in the United Kingdom is between £ 48,000-62,000. The remuneration of these professionals in the United States of America is $ 40,500- $ 54,680.
Hence, CFA has emerged as a popular career choice for students. The CFA course offers extensive scope and lucrative job opportunities as aspirants can build a strong career after completing the course.
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Student Forum
Answered a month ago
No, there is no age limit to take the CFA Level 3 exam. However, students should have completed their graduation and fulfil other exam criteria.
N
Contributor-Level 6
Answered a month ago
The following are the instructions for CFA exam admit card:
- The details mentioned on the admit card should be correct
- Arrive the exam centre at least an hour before the exam
- The details should march the ones mentioned in the passport
If any of the information mentioned above needs to be corrected or upd
R
Contributor-Level 6
Answered a month ago
CFA exam is conducted four times a year. It is conducted in the months of February, May, August and November.
A
Contributor-Level 6
Answered 2 months ago
Students looking for global investment management courses, CFA is the best choice. CFA offers higher salaries, and CA is best for students looking to build a career in taxation and auditing in India. Top tier MBA excel in corporate leadership and networking.
R
Contributor-Level 6
Answered 2 months ago
Candidates who are interested in investment analysis and portfolio management, want a global career or are ready to invest in further exams can opt for CFA. But if they wnat accounting and auditing, want a strong domestic career base and also value wide options of career options they can go for CA.
Answered 2 months ago
Check the exam structure for Level 2 exam below:
| Structure | Details |
| Time Duration | Session 1: 2 hours 15 mins Session 2: 2 hours 15 mins Total: 4 hours 30 mins |
| Type of questions | MCQs and Item Sets with Vignettes |
| Number of questions | 88 MCQs 22 Item Sets |
M
Contributor-Level 6
Answered 2 months ago
S
Contributor-Level 6
Answered 2 months ago
Unlike the Level 1 exam, CFA Level 2 exam does not only have MCQs. It also consists of item set questions which will be comprised of vignettes.
N
Contributor-Level 6
Answered 2 months ago
No, CFA Level 1 exam only have 180 multiple choice questions. Students have to choose the correct option from the given options.
A
Contributor-Level 6
Answered 2 months ago
CFA Level 1 exam is conducted for a total of 4.5 hours. The exam is spread in 2 sessions. Each session duration is 2 hours and 15 minutes.
R
Contributor-Level 6
Saumya Jain is an English Literature graduate from the University of Delhi. She has over 8 years of editorial and content writing experience. At Shiksha.com, she has spent more than six years creating research, stud
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