Becoming a Chartered Financial Analyst is a dream come true for many students around the world. And not just for the prestige and exciting job opportunities it has to offer, but also because of the in-depth financial knowledge one can gain while pursuing this course. From corporate finance to portfolio management, this course equips you with knowledge and skills that make you job-worthy from level 1 itself. Several MNCs and financial institutions hire CFA professionals on a large scale. Companies like JP Morgan Chase, PwC, Ernst & Young, Wells Fargo, and International banks like HSBC, Royal Bank of Canada, and TD Bank are among the top hiring CFA companies.
Most CFA students are either freshers or have some work experience. However, the prior work experience that CFA students have should be related to finance in order for it to make a difference to the expected CFA salary. Here’s a detailed view of what to expect in terms of salary after completing your CFA Level 1 exams.
Job Opportunities After CFA Level 1
Since CFA Level is only the beginning of your CFA career. However, since CFA is an extremely competitive examination that helps you gain cutting-edge finance skills, several companies want to hire professionals who are still training. Here are some of the job opportunities you can look out for after completing CFA level 1.
1. Financial Analyst
A preferred career choice for most finance professionals is to become a Financial Analyst. In order to enter this profession, you need to get your licence approved by FINRA. You can apply for this licence even after completing your CFA Level 1. However, your opportunities to work globally will only increase after you become a Charterholder. The job of a Financial Analyst is to provide guidance to businesses about how they should be investing their money and also assess their existing financial situation.
2. Valuation Analyst
If you love financial modelling, there’s a hundred percent chance that you’re going to love being a Valuation Analyst. A Valuation Analyst, as the name suggests, provides valuation services to individuals as well as private firms. These professionals value intangible assets like copyrights, employment agreements, trademarks, securities, and goodwill.
3. Data Evaluation Analyst
A Data Analyst is the one responsible for maintaining a company’s data records and other information in place. They collect, review and simplify the data obtained from multiple sources so that the company can make strategic decisions based on the data presented to them. This profession also demands good presentation skills as you may have to present the data whenever required.
4. Equity Operations
The job of an Equity Operations manager is quite interesting as it is related to investment management. In this profession you’d be required to stay up to date with the securities data and inform the Fund Manager and guide them through the investment process.
5. Business Analyst
A Business Analyst is someone who works in coordination with stakeholders to understand their goals and create the best techniques to collate data. They do so by analysing the current practices and determining the faults and understand what can be improved.
CFA Expected Salary For Experienced Professionals
After completing the CFA Level 1, most students get into the professions that have been mentioned above. However, their pay scale may differ on the basis of their experience and the kind of experience you’ve had and the number of years.
The CFA salary for freshers and experienced professionals also depends on the location, industry and company you plan to work for.
Thinking of boosting your career with CFA? Quit the wait and begin today! The Chartered Financial Analyst is a globally recognised qualification in the field of finance and investment. If you have recently completed your graduation or are appearing for your final semester, you may be eligible to become a CFA. Interested? We highly recommend checking out our Chartered Financial Analyst (CFA) course.
What are the fees for CFA that are payable to the institute?
Registration fees payable on a one-time basis to the institute is $900 dollars. For each level, early registration is $350 and standard registration is $1200. Thereby, CFA can be completed in $3750 (Rs. 3,00,000) + GST
What is the passing rate?
The global passing rate for CFA courses is as follows: Level 1: 42% Level 2: 45% Level 3: 54%.
Is CFA globally recognised?
Yes, with only 170,000 charterholders around the world - there is an increasing demand for investment professionals. Hence, there has been a sharp rise of CFA candidates across the world. Additionally, top investment banks hire CFAs to make investment decisions and much more.