What is the salary for a CFA Level 1 completed candidate: Candidates who complete the Chartered Financial Analyst (CFA) program are qualified to work in the finance industry. Candidates can work in India as well as nations including the US, UK, UAE, Hong Kong, and Australia thanks to this widely recognized course.
The need for CFAs has increased significantly over the past several years, and many businesses are now looking to hire professionals who can help manage investment portfolios. Additionally, foreign businesses in India are more likely to hire individuals with internationally recognized credentials than those with local credentials.
Amount of CFA
You can work in a range of financial job descriptions after earning your CFA. Investment banking and stockbroking are two of the positions that CFA charter holders most frequently choose to pursue.
The starting salary for a CFA is often between INR 6 and 8 LPA. You might become a hedge fund manager and make INR 15 LPA if you have sufficient wealth management and portfolio management skills.
The advantages of becoming a CFA are numerous. A CFA can pursue a variety of possibilities outside of India, including those in the US, UK, Singapore, Hong Kong, and the UAE. Indian businesses such as ICICI Securities and Motilal Oswal as
What is the salary for a CFA Level 1 completed candidate
| Level of CFA 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
| 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 |
| Finance Manager | 9,00,000 to 10,00,000 |
| Financial Advisor | 4,00,000 to 5,00,000 |
| Investment Banker | 9,00,000 to 10,00,000 |
| Hedge Fund Manager | 10,00,000 to 15,00,000 |
CFA Qualifications
The CFA tests are open to students who have graduated or are in their last year of graduation.
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CFA Exam Format
The CFA exam’s format is rather straightforward. There are three levels in total: Level 1, Level 2, and Level 3.
Exams at each level can be taken in February, May, August, and November for Level 1, February, August, and November for Level 2, and May and August for Level 3.
Your level of work experience and educational background may have a significant impact on your compensation after passing the CFA exam. Additionally, even when you begin working as a financial analyst, your trajectory of progress and your compensation package depending on your financial acumen and the impression you make.
In the fields of finance and investing, the Chartered Financial Analyst designation is a widely recognized credential. You might be qualified to get a CFA if you recently graduated or are taking your final semester exams. Interested? Check out our Chartered Financial Analyst (CFA) program immediately.
CFA Salary In the US Based on Companies & States
| Firms | US State | Average Salary Range |
|---|---|---|
| PriceWaterhouseCoopers (PwC) An auditing firm that has 79 offices across different US cities including New York, Boston, Chicago, Dallas, Denver, etc | New York | 85,524 USD to 150,438 USD |
| JP Morgan Chase A financial institution with 136 offices in 44 countries. Some US cities with their office include Philadelphia, Baltimore, New York, Boston, Chicago, Dallas, Denver, etc | Pennsylvania | 76,490 USD to 134,548 USD |
| UBS A private management service institute with offices in over 50 countries. Some of its US main offices are located in Boston, New York, and Washington | Massachusetts | 82,699 USD to 145,469 USD |
| Merrill Lynch Wealth Management A financial consulting firm with over 15,000 financial advisors in all 50 states in the US. Some US cities with their office include San Francisco, Washington DC, and Beverly Hills | California | – |
| Marquette Associates A financial consulting firm with branches in Baltimore, Milwaukee, Philadelphia, Lutherville, and many more cities in the US | Maryland | 75,330 USD to 132,507 USD |
The requirements to become a CFA in the USA
- undergraduate degree
- English proficiency certification (IELTS exam or TOEFL exam score)
- passing the CFA test on all three levels
- Obtain the necessary job experience in the area of investment decision-making or with a process or product that adds value of some type to the investment value.
- two to three professional references
- Make a CFA application, are accepted and are awarded a CFA Charter.
- In the fields of finance and investing, the Chartered Financial Analyst designation is a widely recognized credential.
- You might be qualified to get a CFA if you recently graduated or are taking your final semester exams. Interested? Check out our Chartered Financial Analyst (CFA) program immediately.
FAQ
At a location with computer-based exams, CFA exams are administered. At whatever level, there are no written exams.
The following are the CFA passing rates worldwide: Level 1: 42% Level 2: 45% Level 3: 54%. 80% of Zell students pass the CFA exam.
Your whole cost for the CFA program should be between INR 3 and 3.5 lakhs. This sum includes the cost of the study materials, training, and exam registration costs. The registration fee would be USD 450 (about INR 34,470), while the fee to pass each level would be between USD 700 and USD 1000. (approximately INR 55,000 to INR 75,000). You should prepare to pay somewhere between INR 25,000 and INR 60,000 for the training costs for all three levels of the CFA.
CFA Level 1 completed candidate Is approx 37,000 per month .