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CFA Placement In India: Salary, Careers Options, Scope
Edited By Team Careers360 | Updated on Sep 19, 2023 08:23 PM IST | #CFA Exam
CFA Placements in India - Chartered Financial Analyst (CFA) has gained a lot of popularity in India over the years. The number of CFA’s in India has been increasing at a rate of 30% for the last 7 years and currently, India is the 3rd largest market for CFA after China and USA. The CFA placements in India are done at a larger scale in the financial industry. The CFA professionals who complete all three levels of CFA exams in India are in high demand as they are skilled financial experts. In this article, we will discuss the CFA placements in India, their salary structure and scope.
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CFA Placements in India - Career Options
After completing CFA programme, the placements of CFA in India are done in various job roles that is listed below:
Equity Analyst
Equity Research Associate
Chartered Financial Analyst
Research Analyst
Credit Analyst
Senior Financial Analyst
Business Analyst
Investment Banker
Portfolio Manager
Personal Financial Advisor
Salary Structure of CFAs in India
The Chartered Financial Analyst salary in India for various job positions a CFA may hold after receiving their certification has been listed below.
CFA Salary in India
Job Role | CFA Salary in India |
Chartered Financial Analyst | Rs. 6,50,000 |
Senior Financial Analyst | Rs. 9,00,000 |
Credit Analyst | Rs. 6,30,000 |
Financial Analyst | Rs. 6,00,000 |
Associate in investment banking | Rs. 14,00,000 |
Finance Manager | Rs. 10,00,000 |
Equity Research Associate | Rs. 7,50,000 |
Investment banker | Rs. 15,00,000 |
Portfolio Manager | Rs. 18,00,000 |
Senior Business Analyst | Rs. 12,00,000 |
Equity Analyst | Rs. 5,00,000 |
Senior Analyst, Finance | Rs. 18,00,000 |
Vice President in Finance | Rs. 30,00,000 |
Also Read | Chartered Accountant (CA) Salary in India & Abroad: Monthly Earning, Roles & Responsibilities
Top Recruiters for CFA in India
Some of the top recruiters that conduct CFA placements in India are HSBC, J.P Morgan, The Goldman Sachs Group, Morgan Stanley, Crisil, Credit Suisse and others. The salary package offered by some of the top recruiters has been given below:
India's top employers for CFA’s
Recruiters | Salary Package (lakh per annum) |
The Goldman Sachs Group | Rs. 3,00,000 – 25,00,000 |
Morgan Stanley | Rs. 4,00,000 – 30,00,000 |
J.P Morgan | Rs. 5,00,000 – 40,00,000 |
Citigroup | Rs. 4,00,000 – 30,00,000 |
Credit Suisse | Rs. 10,00,000 – 40,00,000 |
HSBC | Rs. 3,00,000 – 25,00,000 |
Crisil | Rs. 4,00,000 – 25,00,000 |
Deloitte | Rs. 6,00,000 - 30,00,000 |
EY | Rs. 6,00,000 - 35,00,000 |
Bajaj Finance | Rs. 4,00,000 – 12,00,000 |
PWC | Rs. 5,00,000 – 20,00,000 |
KPMG | Rs. 4,00,000 – 20,00,000 |
SBI | Rs. 5,00,000 - 15,00,000 |
Standard Chartered Bank | Rs. 8,00,000 – 40,00,000 |
HDFC Bank | Rs. 5,00,000 – 25,00,000 |
CFA Scope in India
CFA is not specified to any particular asset class as it is a very generic finance course. CFA covers every industry in an in depth basis in terms of its core uses and fundamentals. Hence, CFA professionals have a lot of scope and responsibilities. Their boundaries are not limited to just equity or bonds or real estate or derivatives.
The scope of CFA is huge and a person can pick their own choice of interest and specialize in that. Some of the career scopes for CFA professionals are quality data analyst, consultant, trader, real estate, fixed income, investment banking etc. There could be more CFA opportunities in India, if they acquire other skill sets connected to the industry.
CFA Salary in India
The average salary of CFA in India is around Rs.9 lakhs. The CFA salary for freshers in India is around Rs.50,000 per month in cities like Mumbai, Gurgaon and Hyderabad. They also receive a bonus and variable pay in addition to the basic salary. The CFA starting salary in India, including bonus as well as variable pay, can be approximately Rs.5 lakh, but it can go up to Rs.15 lakh.
Frequently Asked Questions (FAQs)
1. What is CFA?
CFA’s are professionals with extensive knowledge in the field of finance and investment banking.
2. Which are the top CFA recruiters in India?
Some of the top recruiters that conduct CFA placements in India are HSBC, J.P Morgan, The Goldman SAchs Group, Morgan Stanley, Crisil,and Credit Suisse.
3. What are the job opportunities available for CFA?
CFA professionals work in various fields, including credit analysis, equity research, mergers and acquisitions, portfolio management etc.
4. What is CFA starting salary in india?
The CFA starting salary is around Rs.50000 per month
5. What is average salary of CFA in India?
The average salary of CFA in India is around Rs. 5 Lakhs
6. What is highest salary of CFA in india
The salary can go very high with skill and experience and also the position a CFA is holding in the organisation. The salary can go as high as Rs.44 Lakhs p.a. if the CFA is holding a top position in the hierarchy.
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