The role of CFA (Chartered Financial Analyst) has grown in popularity over the years. In India, the number of applicants registering for CFA (Chartered Financial Analyst) has been steadily increasing, where now India is the third-largest market for CFA after China and the United States. It can be concluded that the number of job seekers in the field has risen.
Based on the National Stock Exchange, there is only 2.3% of the Indian population that has invested in financial markets, compared to around 78% in the United States. Imagine the amount of money which will flow into capital markets as the Indian populace gradually shifts their own money from savings and other investment vehicles to capital markets, making it a lucrative career chance. Well, this page will show how much a CFA (Chartered Financial Analyst) salary is in India.
Scope of CFA in India
CFA (Chartered Financial Analyst) is becoming more popular in India with each passing day. One of the most crucial factors in India’s financial industry is there are many opportunities for growth. CFA (Chartered Financial Analyst) in India is drawing lots of candidates due to the certainty of absorption in the rising financial industry. The best aspect of the CFA (Chartered Financial Analyst) training is immediately recognized after passing CFA Level 1. When one progresses through the CFA levels, they will advance up the financial ladder. After completing CFA levels 2 and 3, then the applicants will be able to advance into the field of their choice.
CFA (Chartered Financial Analyst) Salary in India
The average salary of CFA (Chartered Financial Analyst) in India is ₹9 lakhs. The CFA (Chartered Financial Analyst) salary in India for freshers is approximately ₹50,000 per month in cities like Mumbai, Hyderabad and Gurgaon. Usually, they receive bonus and variable pay in addition to the basic salary. The CFA (Chartered Financial Analyst) starting salary in India, including bonus and variable pay, can be around ₹5 lakh, however, it can go up to ₹15 lakh.
The Average Salary of CFA Level 1 in India Per Month
An assistant accounting manager, investment administrator, investment product analyst, fund analyst, and junior equities research analyst are jobs for a CFA (Chartered Financial Analyst) Level 1 graduate. A person who passes the CFA (Chartered Financial Analyst) level 1 exam can work as a fund analyst, an accountant, or a junior research analyst in a corporation and obtain up to ₹35,000 per month. Also, the pay will vary depending on where you work, such as the CFA (Chartered Financial Analyst) level 1 salary in Mumbai, roughly ₹40 to 45 thousand per month.
CFA Level 2 Jobs Salary in India Per Annum
Completing CFA (Chartered Financial Analyst) level 2 will propel you into the world of capital market research and analytics. You are able to progress from back-office or operations to stock research, analytics, wealth management, or a model akin to sell-side research. Equity research analyst, fixed income research, risk analyst, rating analyst in a rating agency, financial Planning and Analysis (FPA), and corporate strategy are some of the positions available to a CFA (Chartered Financial Analyst) level 2 applicant. Working in the sector of wealth management and analytics, a CFA (Chartered Financial Analyst) Level 2 pass candidate can expect a good compensation of roughly ₹6 lakhs per annum.
CFA Level 3 Jobs Salary in India Per Annum
Completing CFA (Chartered Financial Analyst) level 3 guarantees you a spot in the finance industry’s top jobs. Every job profile inside one’s scope of operations, from getting money to managing it, investing it, examining it, and eventually divesting it. People with prior experience will be able to advance in the same area of operation, while those people who are new to the game can still claim a strong start. After finishing CFA (Chartered Financial Analyst) level 3, you are directly eligible for positions such as portfolio manager, risk manager, investment banker, market research analyst, and private banker.
Completing CFA level 3 and becoming a Chartered Financial Analyst will open a whole new world of opportunities. You are able to work as a portfolio manager, risk manager, Investment Strategist, Market Research Analyst, or Forex Analyst in large corporations. Those jobs will pay well, and a CFA starting salary in India can be approximately ₹10 lakhs per annum.
Salary Structure of Chartered Financial Analysts in India
Below is a compensation breakdown for some positions that CFA (Chartered Financial Analysts) can pursue after receiving their certification. For your information, the average salary of CFA (Chartered Financial Analysts) in India is ₹5 lakh per year, with the greatest compensation a CFA (Chartered Financial Analysts) may earn being close to ₹20 lakh.
Here is pay scale of CFA (Chartered Financial Analysts):
|Chartered Financial Analyst||₹6,50,000|
|Senior Financial Analyst||₹9,00,000|
|Associate in investment banking||₹14,00,000|
|Equity Research Associate||₹7,50,000|
|Senior Business Analyst||₹12,00,000|
|Senior Analyst, Finance||₹18,00,000|
|Vice President in finance||₹30,00,000|
CFA (Chartered Financial Analyst) Top Recruiters
The Goldman Sachs Group, J.P Morgan, Citigroup, HSBC, Crisil, Morgan Stanley, Credit Suisse, and others are among the top recruiters of CFA graduates in the country. Below are the CFA pay ranges as certified by the employer.
Here is the Top Employers for Chartered Financial Analysts in India:
|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|
The following are the other top Chartered Financial Analysts recruiters in India, along with their remuneration packages:
- Deloitte: ₹6,00,000 – 30,00,000
- EY: ₹6,00,000 – 35,00,000
- KPMG: ₹4,00,000 – 20,00,000
- PWC: ₹5,00,000 – 20,00,000
- SBI: ₹5,00,000 – 15,00,000
- Standard Chartered Bank: ₹8,00,000 – 40,00,000
- HDFC Bank: ₹5,00,000 – 25,00,000
- Bajaj Finance: ₹4,00,000 – 12,00,000
Future of Finance professionals in India
India is experiencing a rapid economic expansion, and also the population’s need for financial services is growing. As a result, India benefits from favorable globalization and beneficial investment technology trends. Selecting a CFA (Chartered Financial Analyst) career in India is beneficial, as professionals are placed in the most promising and well-paying positions in India and abroad. The presence of global investment businesses in India gives additional investment and operational opportunities for the country’s Chartered Financial Analysts.