CFA® Level 3 Salary 2024 - India and Abroad, Eligibility, Jobs

The CFA Institute has updated the Level 3 Salary CFA 2024 and compensation on its official website, cfainstitute.org. As per an impact assessment survey on CFA Level 3 salary conducted by CFA Insititute in January 2023, the fresh CFA charter holders in India are offered an approximate 26.28 LPA salary. The study also revealed that multinational companies (MNCs) continue to be the key employers for CFA candidates.

Portfolio management, financial research, consulting, risk analysis and risk management are the typical jobs for CFA charter holders. CFAs also work in the investment management sector including asset management, investment banking and private wealth management. The base salary of CFA Level 3 2024 for the position of portfolio manager is around $126,000. The total compensation of a portfolio manager for a CFA Charterholder who clears the CFA level 3 exam is $177,000. Students who clear all three levels of the CFA level 3 exam become CFA charter holders and get various positions in the finance industry. The average CFA 2024 Level 3 salary increases consistently as per the market rates. The CFA program offers handsome salary packages for CFA® 2024. To know more about the compensation, industry employers, and investment management sectors, check out the complete article given below.

Eligibility of Chartered Financial Analyst (CFA®)

The students who are appearing for the CFA® level 3 exams need to have a valid international passport. To become a Chartered Financial Analyst, a student must clear all three levels of the exam. Other eligibility criteria are as follows:

• Candidates should have completed their final-year graduation.

• Candidates should have a professional experience of up to 4 years in the investment sector.

Types of Jobs for CFA® Charterholders

A Chartered Financial Analyst program offers various job positions in the areas of Finance and Business. These job positions provide a high CFA® salary in India in 2024. The positions offered by most companies are as follows:

1. Portfolio manager

2. Research Analyst

3. Consultant

4. Risk analysis and management

5. Investment Strategist

6. Relationship and wealth management

7. Credit Analyst

8. Chief investment officer

9. Trading

10. Accounting and auditing

11. Financial Planner

Investment Management Sectors for Chartered Financial Analysts

There is a full range of sectors that employs people with a CFA certification. The CFA® level 3 salary in the USA and India depends on the sector and job role. These sectors and their respective firms are useful in areas of industry growth. The sectors are as follows:

• Asset management

• Private health management

• Commercial banking

• Investment banking

• Insurance

• Consulting

• Asset ownership

• Brokerage

• Financial technology

Major Employing firms for CFA® Charterholders

One of the major pros of becoming a CFA is the lucrative CFA® level 3 salary in India and the CFA® level 3 salary in the USA. The following firms employ the CFA Charterholders:

1. JPMorgan Chase

2. Morgan Stanley Wealth Management

3. Royal Bank of Canada

4. UBS Group

5. BofA Securities

6. HSBC Holdings

7. PricewaterhouseCoopers

8. Wells Fargo and Company

9. BlackRock

10. TD Bank Financial Group

CFA® salary in India 2024

An impact assessment of the CFA Program study conducted by the CFA Institute in January 2023, revealed that global MNCs continue to be key employers for CFA Program students. The average salary of a new CFA Charter holder in India is around Rs. 28.6 lakhs per annum.

Compensation for the CFA roles varies based on the job role, location and sector. There is a high level of compensation that is offered in the form of bonuses. Total compensation includes base Salary for CFA Level 3 2024, bonuses and long-term incentives. As per recent studies, the total compensation is double the average base salary in India.

Other Related Links:

• CFA Level 3 Exam Pattern 2024
• CFA Level 3 Test Centres 2024
• CFA Level 3 Sample Papers 2024
• CFA Level 3 Result 2024