Okay so this isn't as definite and to the point as you'd like to hear. But hear us out okay? The average salary for a Chartered Financial Analyst (CFA) will depend on their firm’s compensation structure, which usually includes:
- a base salary,
- company cash,
- performance bonuses,
- commissions,
- stock options,
- equity,
- or profit-sharing.
Not only do they earn higher compensation than their peers in similar professions, but CFA charter-holders also report being highly satisfied with their overall careers. That sounds amazing, doesn't it. But you want to know more precise details. Well, we've complied a list of factors that'll help you get a more concise picture.
So lo and behold, what IS the average salary for a CFA charter-holder? It'll vary depending on your educational background, work experience, location, employer, and career choice. Keep on reading!
Your Educational Background
As is common in other industries, on average, CFA charter-holders with a post-graduate degree will earn slightly higher to much higher salaries than their colleagues with only a bachelor’s degree.
Your Work Experience
Generally, the more work experience a charter-holder possesses, the higher their earning potential. A significant number of years of experience in your field indicates expertise in your craft, and you are often paid commensurate with your experience.
Your Location
The larger the city in which you reside, the more prevalent the job opportunities, and the likelihood a charter-holder will earn more. For example, living in New York City or London will probably earn you more than living in a smaller city or rural town.
Your Career Choice
Your employer, industry, or segment will also play a role in your earning potential as a CFA charter-holder. For example, working for a reputable finance firm on Wall Street would probably earn you a higher salary than working for a nonprofit.
To Conclude...
Ultimately, the CFA Charter empowers finance professionals to significantly increase their salaries. Moreover, earning the credential displays your drive and commitment, making you an attractive candidate for career advancement in any field.
