India has the potential to become a global investment hub, as it is one of the fastest-growing markets. All thanks to globalization and increasingly advanced investment technologies the demand for financial services is growing and making India, a desirable investment destination.
The Chartered Financial Analyst (CFA) Program offers a pathway for those looking to pursue a career in the investment and wealth management field. The CFA designation is an internationally-recognized certification that demonstrates an individual's competence in the field.
Over the years, the CFA Program has gained immense popularity in India, with the number of registered candidates increasing by 30% annually in the last seven years. India is now the third-largest market for CFA after China and the US, introducing intense competition among candidates in terms of exam clearing and securing a job. While the number of job seekers in the industry has risen, the growth of finance companies in India is still in its early stages.
CFA Salary in India As Per Level
In India, a CFA charter with at least 15 years of experience in the field normally earns at least INR 50,000 per year. The best thing about CFA is that you can start working while preparing for level 1 and that recognition begins at that level.
Your pay will increase as you move up the corporate ladder. The salary that a CFA candidate receives after passing various levels of examination is provided below in tabular format.
Level of CFA Cleared |
CFA Average Salary in India |
Level 1 |
3 to 4.5 Lakh |
Level 2 |
6 Lakh |
Level 3 |
Above 10 Lakh |
Top Recruiters of CFA in India
JP Morgan Chase & CO.
JPMorgan Chase & Co. has given individuals, startups, businesses, corporations, governments, and institutions worldwide cutting-edge financial solutions, over the past 200 years.
JP Morgan CFA Salary in Specialized Sectors: Private Banking, Asset Management, Consumer & Community Banking, Corporate and Investment Bank, and Commercial Banking
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 5 lakhs p.a. (appx.)
- Max. Salary - Rs 40 lakhs p.a. (appx.)
HSBC
HSBC Group provides financial services to more than 40 million clients, from small-scale investors and savers to some of the most giant corporations and governments in the world. About 63 countries and territories are covered by their network.
The company specializes in Financial Services, Wealth Management, Banking, International Finance, Investment Banking, and Asset Management.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 3 lakhs p.a. (appx.)
- Max. Salary - Rs 25 lakhs p.a. (appx.)
Ernst & Young (EY)
Ernst & Young (EY), A privately held network, with its headquarters in London, is working in more than 150 countries to help customers develop, change, and operate, with the help of data and technology.
The company specializes in Advisory, Assurance, Tax, Transactions, Audit, Mergers, M&A, Financial Services, Accounting, Professional Services, Law, Technology, Consulting, Data, Transformation, Strategy, Legal, Digital transformation, Legal, Growth, and Managed Services
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 6 lakhs p.a. (appx.)
- Max. Salary - Rs 35 lakhs p.a. (appx.)
PwC
Price Waterhouse Coopers, also known as PwC, is a multinational network and is one of the Big Four auditors. It is an international network of companies in 152 countries with approximately 327,000 employees.
The company specializes in Tax, Assurance, and Advisory.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 5 lakhs p.a. (appx.)
- Max. Salary - Rs 20 lakhs p.a. (appx.)
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City. It operates in 42 countries and is guided by five core values - Do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back.
The company specializes in Investment Management, Investment Banking, Sales & Trading, and Prime Brokerage.
A candidate looking for CFA job opportunities in the company can expect competitive CFA salary offers.
- Min. Salary - Rs. 4 lakhs p.a. (appx.)
- Max. Salary - Rs 30 lakhs p.a. (appx.)
Citi Group
Citi Group was formed from the merger of banking giant Citicorp and financial conglomerate Travelers Group. It was founded in 1812.
The company, offering attractive CFA salary packages, specializes in Credit Cards, Capital Markets, Investment Banking, Wealth Management, Cash Management, and Equity and Fixed Income Research.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 4 lakhs p.a. (appx.)
- Max. Salary - Rs 30 lakhs p.a. (appx.)
Deloitte
Deloitte, with over 175 years of service and a network in over 150 countries, offers competitive Deloitte CFA salary packages. Investing in diverse talent, the company excels in Consulting, Risk Management, Financial Advisory, Tax Services, and Audit.
A candidate looking for CFA job opportunities in the company can expect :
- Min. Salary - Rs. 6 lakhs p.a. (appx.)
- Max. Salary - Rs 30 lakhs p.a. (appx.)
KPMG
KPMG is a global network of professionals delivering their values in 146 countries. Its headquarters are located in Toronto, ON.
The company specializes in Tax, Advisory, and Audit.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 4 lakhs p.a. (appx.)
- Max. Salary - Rs 20 lakhs p.a. (appx.)
Credit Suisse
Credit Suisse, founded in 1856 and headquartered in Zurich, Switzerland, offers competitive CFA salary packages. Its operations span about 50 countries worldwide, serving clients from over 150 different nations in emerging markets.
The company specializes in Investment Banking, Private Banking & Wealth Management.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 10 lakhs p.a. (appx.)
- Max. Salary - Rs 40 lakhs p.a. (appx.)
Wells Fargo
Wells Fargo & Company was founded in 1852. Headquartered in San Francisco, it has offices in over 40 countries. The company was ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations.
The company specializes in Business Banking, Commercial Finance, Wholesale Banking, and Consumer Finance.
A candidate looking for CFA job opportunities in the company can expect:
- Min. Salary - Rs. 4.4 lakhs p.a. (appx.)
- Max. Salary - Rs 35 lakhs p.a. (appx.)
CFA offers excellent job opportunities for those who put in the effort. Work hard and try your best.
We wish you the best for your future times!
Note: The above information has been thoroughly researched and extracted from different sources.
Written By Harshita Kumar
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