Chartered financial consultant’s salar: The American College of Financial Services bestows the professional distinction of “Chartered Financial Consultant” (ChFC) on members of the financial services sector. Several courses and exams covering a wide range of financial planning issues, such as insurance planning, investment planning, income tax planning, retirement planning, and estate planning, must be passed by candidates to become a ChFC. A financial professional with the ChFC credential has a high level of competence in financial planning and is dedicated to giving clients thorough and ethical financial advice.
Chartered financial consultant’s salary In 2023
| Job Role | Remuneration |
| Chartered Financial Analyst | ₹6,50,000 |
| Senior Financial Analyst | ₹9,00,000 |
| Credit Analyst | ₹6,30,000 |
| Financial Analyst | ₹6,00,000 |
| Associate in investment banking | ₹14,00,000 |
| Finance Manager | ₹10,00,000 |
| Equity Research Associate | ₹7,50,000 |
| Investment banker | ₹15,00,000 |
| Portfolio Manager | ₹18,00,000 |
| Senior Business Analyst | ₹12,00,000 |
| Equity Analyst | ₹5,00,000 |
| Senior Analyst, Finance | ₹18,00,000 |
| Vice President in Finance | ₹30,00,000 |
Chartered Financial Analyst Top Recruiters
| Recruiters | Salary Package (lakh per annum) |
| The Goldman Sachs Group | ₹3,00,000 – 25,00,000 |
| Morgan Stanley | ₹4,00,000 – 30,00,000 |
| J.P Morgan | ₹5,00,000 – 40,00,000 |
| Citigroup | ₹4,00,000 – 30,00,000 |
| Credit Suisse | ₹10,00,000 – 40,00,000 |
| HSBC | ₹3,00,000 – 25,00,000 |
| Crisil | ₹4,00,000 – 25,00,000 |
What does a CFA do for a living?
In the financial and investment management fields, a professional designation known as “Chartered Financial Analyst” (CFA) is used. The CFA Institute, a global organization committed to advancing the highest ethical standards in the financial profession, offers the CFA Program. An individual must pass three tiers of tests covering subjects like ethics, investment management, financial analysis, and portfolio management in order to become a CFA charter holder. Candidates for the CFA designation must not only pass the tests but also have a specific level of industry experience. Investment managers, financial advisors, and other professionals in the finance business highly regard the CFA designation as a mark of professional achievement.
What job opportunities are available for CFA?
The Chartered Financial Analyst (CFA) designation opens up a variety of job opportunities in the finance and investment management industries. Some of the common career paths for CFA charter holders include:
- Investment Management: Many CFAs work as portfolio managers, research analysts, or investment advisors, managing assets for individuals, institutions, or funds.
- Financial Advisory: CFAs may work as financial advisors, helping clients to plan and achieve their financial goals.
- Equity Research: CFAs with a background in research may work as equity research analysts, covering specific industries or companies for investment firms.
- Risk Management: CFAs with a focus on risk management may work as risk analysts, helping financial institutions and corporations to identify, quantify, and manage financial risks.
- Corporate Finance: CFAs with a background in corporate finance may work in areas such as capital budgeting, mergers and acquisitions, and financial planning and analysis.
- Other finance-related fields: CFAs may also work in areas such as sales and trading, financial reporting and analysis, or in academic or government institutions.
Note: The job opportunities available to a CFA charter holder can vary depending on factors such as their level of experience, the country they work in, and the current state of the job market.
What are the responsibilities of Chartered Financial Analysts (CFAs)?
tax planning, and risk management strategies.
- Risk Assessment: Identifying and assessing financial risks and making recommendations to mitigate or manage those risks.
- Compliance: Ensuring that investment activities and decisions are in compliance with industry regulations, ethical standards, and the CFA Institute’s Code of Ethics and Standards of Professional Conduct.
- Research: Conduct research and analysis on markets, industries, companies, and investment products to make informed investment decisions.
- Communication: Communicating investment recommendations, financial planning strategies, and market insights to clients, colleagues, and other stakeholders.
- Professional Development: Keeping up-to-date with developments in the finance industry and maintaining professional competence through continuing education and professional development opportunities.
In summary, CFAs are responsible for providing clients with comprehensive and ethical financial advice and support, based on a thorough understanding of financial markets and investment strategies.
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FAQ
Q. What is the salary of a Chartered Financial Consultant (ChFC) in India?
In India, a CFA makes an average income of 9 lakhs. For new hires, the average CFA salary in India’s major cities—including Mumbai, Gurgaon, and Hyderabad—is roughly 50,000 per month. In addition to their base income, they also receive bonuses and variable pay; the initial CFA salary in India, with bonuses and variable pay included, can range from about 5 lakh to 15 lakh.
Q. What is the average time period of a Chartered Financial Consultant (ChFC)?
Complete in 24 months or less