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CFA Scope in India 2024-25: Demand, Top Job Profiles, Salary
Edited By Sansar Singh Chhikara | Updated on Sep 17, 2024 03:16 PM IST | #CFA Exam
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CFA Exam Application Date : 12 Feb' 2025 - 05 Aug' 2025
Scope of CFA in India: Chartered Financial Analyst or CFA course is becoming an increasingly popular finance certification in India. In the past few years the demand for CFAs has shot up and so has the number of students wanting to pursue CFA exams. The Chartered Financial Analyst (CFA) is the topmost designation in the field of investment management. India has made great strides in its financial sector in the past few decades and the need of financial professionals is only growing. CFA professionals are known for their proficiency, dedication, and a deep understanding of financial systems and thus the increasing demand of this course.
This Story also Contains
- What is CFA?
- Does India have a demand for CFAs?
- Top Job Profiles for CFAs in India
- CFA Salary in India
In this article we will discuss about the increasing scope of CFA in India, course structure, type of job profiles, average salary packages and other important aspects related to Chartered Financial Analyst course in India.
What is CFA?
The Chartered Financial Analyst program is a three-part exam upon completion of which candidates are given the designation of CFA charter. There are three exams in the CFA program - CFA Level 1, CFA Level 2 and CFA Level 3. The exams are administered by the CFA Institute. To become a CFA charter, candidates need to pass all three CFA exams and also have 4,000 hours of professional work experience over a period of three years.
CFA Program Highlights
Particulars | CFA Level 1 | CFA Level 2 | CFA Level 3 |
|---|---|---|---|
Frequency of exams | Four times a year | Three times in a year | Twice a year |
Eligibility | Bachelor’s degree | Pass Level I CFA exam + 4000 hours of work experience or four years higher education | Pass Level II CFA exam |
Question types | MCQs only | Vignette-supported MCQs | Descriptive-type essay questions and MCQs |
Availability of result | 60 days after exam | 60 days after exam | 90 days after exam |
10-year average pass percentage | 41% | 45% | 52% |
Does India have a demand for CFAs?
As India is taking leaps in the financial sector, the demand for finance professionals is also rising in India. A CFA charter is ideal to perform many jobs like Portfolio Manager Market, investment banker, Research Analyst, Risk Manager, and even private banker. The answer to the question of whether Indian companies hire CFAs is a very big YES. CFA is one of the most respected designations not only in India but globally. CFA’s in India enjoy great demand in MNCs and big Indian companies operating in the Finance, Insurance, Mutual Funds domain, etc.
Top Job Profiles for CFAs in India
Here are some of the top job profiles that CFA charters can consider:
Chartered Financial Analyst: As the name suggests, the role of a Chartered Financial Analyst is best suited for a CFA charter. The role of a Chartered Financial Analyst is to analyse all the financial data of an organization, find new investment opportunities and make the best investment decisions for the company. A CFA charter provides professionals good edge in the financial sector and the role of a CFA is a highly regarded one. A CFA must possess skills like financial analysis, asset valuation, risk management, investment management, corporate finance etc.
Investment Banker: Investing banking is a lucrative career choice when it comes to opportunities and pay cheques. Investment bankers are finance professionals who helps companies in raising capital, mergers and acquisitions, and other financial activities. Investment bankers play a central role in the financial aspect of any business organisation. The key skills an investment banker must have are financial advising, financial management, trading, or general business consulting experience.
Portfolio Manager: Another great career option for Chartered Financial Analysts can go for is portfolio management. The job of a portfolio manager is to fund, manage and implement the finances of an individual or an organization. A portfolio manager controls and manages day to day portfolio management activities. The key skills a portfolio manager must possess is exemplary research skills and the ability to originate ideas.
Risk Manager: Chartered Financial Analysts are best suited for a career stream like risk management. A risk manager has the responsibility of managing, analyzing and controlling the elements of financial risks in an organization. Risk managers are tasked to conduct analysis and acoording with internal and external points of contact to resolve questions and issues related to risk and data control.
Business Analyst: A finance professional with a CFA charter also has a good scope as a business analyst. A business analyst’s role involves reviewing and analyzing corporate systems and procedures. Furthermore, a business analyst is tasked to find room for improvement and make recommendations for improvement.
Other Job Profiles of CFA Charter
Some of the other trending job profiles for CFA professionals have been given below:
Equity Analyst
Private Bankers
Finance Manager
Market Research Analyst
Q & A expert
Check-in details - CFA Placement In India
CFA Salary in India
CFAs enjoy a good pay scales and CFA charter opens up many career opportunities as mentioned above. The average yearly salary packages of some of the job profiles for CFA has been given 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 |
Frequently Asked Questions (FAQs)
1. Is CFA in demand in India?
Yes, CFA enjoys great demand in India and CFA professionals enjoy good employment opportunities.
2. Do Big 4 companies hire CFAs?
Yes big 4 - PwC, Deloitte, KPMG and E&Y hire CFAs.
3. Who earns more, CA or CFA?
On a comparative scale a CFA Level 3 earns more than a Chartered Accountant. However, the usability of both the designations is different.
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