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  • CFA Salary in India: Based on Position, Experience and Companies

    CFA Salary in India: Based on Position, Experience and Companies

    Chartered Financial Accountancy (CFA) courses in India have been increasingly popular over time. Over the past few years, the number of CFA applicants has increased by 30% year over year, making India the third-largest CFA market after the US and China. 

    The primary reason behind this is the increasing scope of CFA courses in India. The number of Chartered Financial Analysts (CFAs) employed by respectable companies has steadily increased in the finance sector. Due to their extensive understanding of finance, which covers a wide range of topics pertinent to numerous businesses, these qualified financial specialists are highly sought after. They are capable of handling tasks in several financial domains due to their extensive expertise. After completing their course, CFAs can expect the scope, placements, and pay structure described in this article.

    The CFA salary in India and beyond is known for being fairly generous. Globally, the CFA certification is highly regarded, and those who hold it frequently receive substantial compensation. CFAs often make between INR 8 LPA and INR 35 LPA. A number of variables affect the expected compensation in the CFA area.  This article will present a complete overview of CFA salaries in India depending on varied factors, including experience, company, and location. 

    “So, keep scrolling!  Before we move, if you are an ACCA aspirant or looking to move your career in ACCA, consider taking ACCA admission at Mirchawala. For more information, contact us.“ 

    Scope of CFA in India: The Industry Insights and Demand 

    The CFA program is a general finance course rather than a specialized one. It covers the essential and pertinent financial principles for a range of sectors. CFA specialists are equipped to handle significant duties since they acquire an understanding of the financial principles and methods used in various businesses. Their expertise can be applied to a wide range of fields and businesses, not just those like asset management, derivatives, real estate, etc.

    An applicant to the CFA program is free to select his area of interest, specialize in it, and become an expert in it. Additionally, CFA experts might broaden their views by learning skills related to their industry.

    “For those who are at the beginner level, check this guide on How to Become a CFA for better understanding.” 

    CFA Salary in India According to Level: The Complete Overview 

    The salary of a certified chartered financial analyst in India is entirely determined by the degree of certification, experience, and role that the individual holds within the sector. For a broad perspective, continue reading:

    CFA Level 1 Salary in India

    In India, entry-level CFA Level 1 salary generally falls between INR 6 to 10 lakhs annually. Junior investment bankers, research associates, and financial analysts are a few examples of these positions.

    Job Role Experience (Years) Salary (INR, PA)

    Description
    Associate in Equity Research 1–2 3.5–4.5 Lacs Check market trends, analyze financial data, and provide investment advice 
    Financial Planner 5–10 4–4.5 Lacs Offers clients personalized financial plans and recommendations to achieve short- and long-term financial goals.
    Trader and Equity Dealer  4–9 5–10 Lacs Manages client portfolios, executes buy and sell orders, and provides market intelligence to maximize investment returns.
    Zonal Sales Manager 15–24 30–40 Lacs Leads the sales team, drives revenue growth, expands market presence, and oversees sales activities to achieve corporate goals.

    CFA Level 2 Salary in India 

    Professionals who successfully complete CFA Level 2  are likely to get an increase in pay. Depending on experience and employer, mid-level jobs like portfolio analysts, investment managers, and senior financial analysts can pay anywhere from INR 10 to 20 lakhs annually.

    Job Role Experience (Years) Salary (INR, PA)

    Description
    Associate in Equity Research 1–2 3.5–4.5 Lacs Evaluate market trends, analyze financial data, and offer investment advice on stocks and securities to support decision-making.
    Financial Planner 5–10 4–4.5 Lacs Provides customers with personalized financial plans and recommendations to help them achieve short- and long-term financial goals.
    Trader and Equity Dealer for HNI Private Clients 4–9 5–10 Lacs Manages portfolios for HNI private clients, executes buy and sell orders, and provides market insights to maximize investment returns.
    Sales Manager for Zones 15–24 30–40 Lacs Leads the sales team, drives revenue growth, expands market presence, and oversees sales activities to achieve company goals.

    CFA Level 3 Salary in India 

    After earning their CFA Level 3, professionals are available for senior positions in the financial sector. These jobs include those of finance directors, senior investment bankers, and portfolio managers. The salary of CFA Level 3 professionals is around INR 15 lakhs to INR 30 lakhs annually.

    Position Entry-Level (0–2 Years) Mid-Level (3–7 Years)

    Senior-Level (8+ Years)
    Financial Analyst ₹6–9 LPA ₹10–15 LPA ₹16–25 LPA
    Investment Analyst ₹7–10 LPA ₹11–20 LPA ₹21–35 LPA
    Portfolio Manager ₹18–30 LPA ₹31–50 LPA —
    Senior Financial Analyst — ₹12–20 LPA ₹21–33 LPA
    Vice President, Finance — ₹30–50 LPA ₹51–80 LPA
    Head of Finance — ₹50 L–1 Cr ₹1–2 Cr (and more)
    Head of Investments — ₹55 L–1.5 Cr ₹1.5–2.5 Cr (and more)

    CFA Salary in India According to the Job Roles

    Job Title Role & Responsibilities

    Typical Annual Compensation (INR)
    Financial Manager (Corporate Houses) Oversees financial decisions, creates budgets, analyzes financial data, generates reports, and provides strategic advice. 12,00,000 – 20,00,000
    Chartered Financial Analyst (CFA) Manager (Private Banks) Manages the bank’s investment portfolio, ensures regulatory compliance, evaluates investments, and examines market trends. 10,00,000 – 18,00,000
    Professor of CFA Teaches financial analysis and investment management, designs courses, provides lectures, mentors students, and evaluates progress. 9,00,000 – 17,00,000
    Insurance Agency CFA Manager Ensures the agency’s financial stability, manages investment portfolios, evaluates risks, monitors market trends, and suggests investment programs. 9,00,000 – 15,00,000

    CFA Salary in India across Different Companies 

    The CFA salary in India is around Rs. 9,00,000. The monthly salary for freshers in major cities like Mumbai and Gurgaon is Rs. 50,000. They also receive variable pay and bonuses. The pay ranges for CFA professionals at several renowned companies are listed below: 

    • J.P. Morgan: ₹ 5L – ₹ 40L
    • Citigroup: ₹ 4L – ₹ 30L
    • Credit Suisse: ₹ 10L – ₹ 40L
    • The Goldman Sachs Group: ₹ 3L – ₹ 25L
    • Morgan Stanley: ₹ 4L – ₹ 30L
    • HSBC: ₹ 3L – ₹ 25L
    • Crisil: ₹ 4L – ₹ 25L
    • Deloitte: ₹ 6L – ₹ 30L
    • EY: ₹ 6L – ₹ 35L
    • Bajaj Finance: ₹ 4L – ₹ 12L

    Bottom Line 

    We hope that this post has given you a better understanding of the scope and degree of CFA salary in India. A prominent career choice in the finance sector is becoming a certified public accountant. The course has a wide range of applications because graduates can go on to have successful jobs. They can also broaden their scope and ability by learning other industry-relevant skills. For more information about CFA or any other courses, contact us now!

    Frequently Asked Questions (FAQs)

    Q: What is the average CFA salary in India?

    Ans: In India, a certified public accountant typically makes ₹6,82,300 a year or ₹36,960 a month. This amount is more than the Indian national average pay of ₹2,94,800 (+76%).

    Q: How much does a CA plus CFA earn?

    Ans: A CA salary in India is around INR 7–15 lakh; however, after finishing all three CFA levels, they can anticipate earning up to INR 15 lakh.

    Q: How much does a CFA earn in India per month?

    Ans: The average compensation for a certified public accountant in India is around Rs. 9,00,000. The monthly salary for freshmen in commercial locations like Mumbai and Gurgaon is Rs. 50,000.

    Q: What is the CFA salary in India for freshers?

    Ans: The entry-level CFA candidates in India can earn from ₹6–12 lakh.

    Q: What is the CFA salary in India after level 3?

    Ans: After the CFA level 3, one can go for the positions of finance director, senior investment banker, and portfolio manager and can earn anywhere from INR 15 lakhs to INR 30 lakhs annually.

  • Detailed Guide on CFA Eligibility Criteria in India

    Detailed Guide on CFA Eligibility Criteria in India

    Counted among the most prestigious degrees for finance aspirants, the CFA (Chartered Financial Analyst) is a gateway for excellent career opportunities. The entire curriculum of CFA is designed to provide an extensive understanding of investments and finance and equip aspirants to handle financial difficulties in the real world.  This article will help you take the first step in your CFA learning journey, check the  CFA eligibility criteria in India, and prepare yourself for this career. 

    CFA Eligibility Criteria in India

    Here is a detailed overview of the eligibility requirements you need to fulfill to enroll in the CFA course in India: 

    CFA Level 1 Qualification

    Graduates finish a bachelor’s degree or its equivalent at a college or university, making sure it is on par with the program they want to pursue. 

    Students who have two years remaining in their undergraduate studies can now take the Level 1 exam because the Chartered Financial Analyst Institute has expanded the CFA eligibility criteria.

    Experience in the Workplace

    A minimum of 4,000 hours of work experience and/or three years of continuous higher education, with no overlap between educational dates and professional job experience, are part of the CFA eligibility criteria in India for admission. Higher education should require 1,000 hours annually. Investment-related professional work experience is not required, but paid internships and articleships are welcomed. Finally, only paid work experience with a family-owned business qualifies for CFA Level 1 eligibility requirements.

    Passport for International Travel

    It is necessary to hold a current foreign travel passport to sit for the CFA exams. You can still register if your passport expires before the exam date, but you will need to renew it before the exam day and update your account information with the updated passport details. The information in your CFA account and the information on your passport must match exactly. You will not be permitted to take the exam and your registration fee will be refunded if the information is incorrect or your passport has expired.

    English Proficiency

    In addition to learning the CFAI curriculum, the CFA exam also demands applicants to prove their ability to communicate ideas properly and express themselves effectively.

    A solid grasp of the language and its context is an essential part of the CFA eligibility criteria in India because the entire exam is administered in English. This is especially crucial for Level 3, which involves an essay style, where mastery of good writing abilities—such as appropriate sentence structure and the capacity to respond succinctly—is necessary.

    Eligibility Criteria for CFA Level 2 Qualifications

    After passing CFA Level 1 and earning your degree, you can take the CFA Level 2 exam. 

    You must have finished your bachelor’s degree or 4,000 hours of professional job experience, be within 11 months of graduating, and have 23 months or less left before your graduation month to take the Level II exam.

    CFA Level 3 Eligibility

     Before taking the CFA Level 3 exam in India, candidates need to have finished Levels 1 and 2 of the CFA. The secret to unlocking your ideal financial profession is knowing the CFA eligibility requirements. You have already started down the path to greatness by understanding the prerequisites and seeing the advantages of early preparation.

    What Happens When You Meet the CFA Eligibility Criteria?

    Following the completion of all the terms for CFA eligibility, the next step is registration. Depending on when a candidate chooses to register for the exam, the CFA registration windows have different prices: the earlier the date, the lower the registration cost. Assuming three consecutive passes with no travel or lodging expenses, the total cost of the three CFA exams ranges from about $2,600 to $4,000. 

    Summing Up…

    The CFA course is a life-changing experience rather than merely a qualification.

    Throughout this journey, learning guidance will be your well-thought-out study plan supported by excellent resources from prestigious universities like Mirchawala. The institute offers a lot of learning resources and materials to help you hone your skills and make sure you’re ready for success.

    Frequently Asked Questions (FAQs)

    Q: Who is eligible for CFA in India?

    Ans: CFA eligibility criteria in India include having a bachelor’s degree (or its equivalent), being in the last year of pursuing one at the time of registration or having four years of professional, qualified job experience, or four years of work/college experience combined. 

    Q: Can I take CFA level 1 without graduation?

    Ans: You can pursue the CFA program if you have accumulated 4000 hours of work experience, even if you do not currently have an undergraduate degree or are not enrolled in college. Professional work experience and schooling shouldn’t coincide.

    Q: Can I do CFA after the 12th in India?

    Ans: You can enroll in a CFA course in India in your final year of graduation; you cannot enroll in the course immediately after the 12th. A bachelor’s degree is the prerequisite for becoming a certified financial advisor in India.