How Much One Can Expect

A CFA degree is a valued degree obtained by a lot of hard work. Naturally, the returns are high too. Anyone who clears a CFA degree can expect to start off on a good salary which can only grow higher.

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Several surveys have revealed that the salary of a CFA can vary from $44,000 per annum to $167,000 per year. Good brands across the world employ CFAs regularly. The highest salary paying brands includes J.P. Morgan Chase & Co ($51,521 to $138, 822), The Northern Trust Company ($ 44,126 to $ 117, 916), Goldman Sachs Group ($48,479 to $117,916), Ernst & Young ($54,612 to $ 86,897) and The PNC Financial Services Group ($46,369 to $114, 783).

Region Wise Salary Scale

The salary of a CFA varies country-wise. Below are information about average salaries paid in some of the countries of the world:

  • USA: The salary of a CFA in the USA on an average varies from $44,000 per annum to $ 167,000 per annum. Top paying cities inlcude New York ($ 63,243 to $ 138,911) followed by Chicago ($56,414 to $122,936), Boston ($57,044 to $119,127) and Philadelphia ($53,923 to $ 142,506).
  • India: In India, the average salary of a CFA varies from Rs 340,000 (USD 5076) to Rs 2,505,359 (USD 37404). CFAs are employed as Account Managers, Assistant Finance Managers, Assistant Financial Consultants, Assistant General Managers, Investment Bankers, Financial Analysts, Bank Managers, Business Analysts, etc.
  • Dubai/Abu Dhabi/UAE: The average salary of a CFA holder in Dubai/Abu Dhabi/UAE varies from AED 79,879 (USD 21748) to AED 420,000 (USD 114,354). Dubai pays the highest salary ranging from AED 79,257 (USD 21,579) to AED 361,555 (USD 98,441) followed by Abu Dhabi where salary varies from AED 193,916 (USD 52797) to AED 600,000 (USD 163,363).
  • Canada: The pay scale of a CFA holder in Canada can vary from CAD 39,200 (USD 29782) to CAD 156,000 (USD 118523). Cities which pay the highest salary include Toronto (CAD 47,177/USD 35,844 – 68,841), Calgary (CAD 55,000/USD 41,786 – CAD 102,671/USD 78,003), Montreal (CAD 35759/USD 27167 – CAD 91,323/USD 69,381), Vancouver (CAD 45,302/ USD34,418 – CAD 91,462/ USD 69,489), Edmonton (CAD 70,244/ USD 53,368 – CAD 95,316/72,417).
  • UK: A CFA holder in the UK can expect a salary between GBP 23,500 (USD 29,226) to GBP 103,000 (USD 128,098). The top paying jobs include Financial Analyst, Investment Analyst, Investment Manager, Portfolio Manager and Research Analyst. The highest salaries can be expected in London (GBP 30,607/USD 38,066 – GBP 68,942/USD 84,744), Edinburgh (GBP 27181/USD 33,801 – GBP 49,851/USD 61,993), Manchester (GBP 27,000/USD 33,574 – GBP 44,000/USD 54,714), Liverpool (GBP 37,750/USD 46,942) and Birmingham (GBP 58,000/ USD 72,123).
  • Australia: In Australia, a CFA holders earns an average salary of AUD 70,000 (USD 53,730) to AUD 134815 (USD 103,482). The highest salaries can be expected in Sydney (AUD 65,735/USD 50,044 – AUD 135,852/USD 104,247), Melbourne (AUD 54,097/ USD 41,511 – UAD 92,952), Brisbane (AUD 71,216/USD 54,650) and Perth (AUD 97,000/ USD 74,442).
  • Pay scale by Industry: Industry wise, the highest salary is earned by a Portfolio Manager (USD 67,300 – USD 166,718) followed by a Research Analyst (USD 49,207 – USD 112,625), Senior Financial Analyst (USD 63,407 -USD 109,098), Investment Analyst (USD 49,774 – USD 100,676) and a Financial Analyst (USD 44,634 – USD 94,242). Companies which pay the highest salary include J.P. Morgan Chase & Co ($51,521 to $138, 822), The Northern Trust Company ($ 44,126 to $ 117, 916), Goldman Sachs Group ($48,479 to $117,916), Ernst & Young ($54,612 to $ 86,897) and The PNC Financial Services Group ($46,369 to $114, 783).
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