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CFA Scope in India 2024-25: Demand, Top Job Profiles, Salary

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

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.

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

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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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