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.