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Introduction
The finance industry has witnessed a steady increase in the placement of Chartered Financial Analysts (CFAs) with reputable organisations. These skilled financial experts are in high demand as they acquire comprehensive knowledge in finance, covering various aspects relevant to different industries. With their in-depth knowledge, they can shoulder responsibilities in different areas of finance. This article provides details of the scope, placements, and salary structure CFAs can expect after they complete their course.
CFA Salary in India
In India, the average salary paid to a CFA is approximately Rs. 9, 00,000/-. Freshers are paid Rs. 50000/- per month in commercial cities like Gurgaon and Mumbai. They are also given bonuses and offered variable pay.
The table below shows the salaries offered to CFA professionals in various reputable companies:
| Recruiters | Salary Package per annum |
| The Goldman Sachs Group | ₹ 3,00,000 – ₹ 25,00,000 |
| Morgan Stanley | ₹ 4,00,000 – ₹ 30,00,000 |
| J.P. Morgan | ₹ 5,00,000 – ₹ 40,00,000 |
| Citigroup | ₹ 4,00,000 – ₹ 30,00,000 |
| Credit Suisse | ₹ 10,00,000 – ₹ 40,00,000 |
| HSBC | ₹ 3,00,000 – ₹ 25,00,000 |
| Crisil | ₹ 4,00,000 – ₹ 25,00,000 |
| Deloitte | ₹ 6,00,000 – ₹ 30,00,000 |
| EY | ₹ 6,00,000 – ₹ 35,00,000 |
| Bajaj Finance | ₹ 4,00,000 – ₹ 12,00,000 |
| PWC | ₹ 5,00,000 – ₹ 20,00,000 |
| KPMG | ₹ 4,00,000 – ₹ 20,00,000 |
| SBI | ₹ 5,00,000 – ₹ 15,00,000 |
| Standard Chartered Bank | ₹ 8,00,000 – ₹ 40,00,000 |
| HDFC Bank | ₹ 5,00,000 – ₹ 25,00,000 |
Scope of CFA in India
The CFA programme is not specific but rather a generic finance course. It covers the fundamentals of finance required and relevant to various industries. Since CFA professionals gain knowledge about the finance concepts and strategies applied in multiple industries, they have the necessary skills to shoulder major responsibilities. Their knowledge can be used in various sectors and industries and are not limited to specific ones like real estate, derivatives, asset management, etc.
An aspirant to the CFA program has the scope to choose the sector of his interest and specialise and excel in it. CFA professionals can also extend their horizons by acquiring skills connected to the industry they are working in.
Conclusion
We hope this article has helped you understand the level and extent of CFA salary in India. CFA has emerged as a popular career option in the finance industry. The course offers extensive scope, as aspirants can build solid careers after completing their education. By acquiring other skills relevant to the industry, they can also enhance/widen their scope and competence.
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