Chartered Financial Analyst (CFA) Salary in US 2024

Who is CFA?

CFA typically refers to Chartered Financial Analyst, a professional designation offered by the CFA Institute. Individuals who hold this designation are well-versed in investment management and analysis. They have typically completed a series of exams covering various topics such as ethics, economics, financial reporting and analysis, corporate finance, equity investments, fixed income, derivatives, alternative investments, and portfolio management.

Geeky Takeaways:

• The CFA program is known for its rigorous curriculum, covering a broad range of topics relevant to investment management.
• Ethics are a cornerstone of the CFA designation. Candidates are required to adhere to a strict code of ethics and professional standards.
• The CFA designation is globally recognized and respected in the finance industry.

CFA Job Description

Title: Chartered Financial Analyst

Job Summary: The Financial Analyst, holding a CFA designation, will be responsible for conducting an in-depth analysis of financial markets, investment opportunities, and portfolio performance. They will utilize their expertise in investment theory, financial modeling, and risk management to provide strategic recommendations to clients or internal stakeholders.

Roles and Responsibilities:

1. Conduct thorough research and analysis of companies, industries, and macroeconomic trends to identify investment opportunities.
2. Develop and maintain complex financial models to evaluate the performance and valuation of securities, including equities, fixed income, and alternative investments.
3. Monitor portfolio performance, assess risk exposures, and recommend adjustments to asset allocations based on changing market conditions and investment objectives.
4. Prepare detailed investment reports, presentations, and recommendations for clients, senior management, or investment committees.
5. Stay current on market developments, regulatory changes, and industry best practices, ensuring compliance with relevant laws and regulations.

Qualifications and Skills:

1. Bachelor’s degree in finance, economics, or a related field. Advanced degree (MBA, MSF) preferred.
2. Chartered Financial Analyst (CFA) designation required.
3. X years of experience in financial analysis, investment research, or portfolio management.
4. Strong quantitative skills, including proficiency in financial modeling, statistical analysis, and data interpretation.
5. Excellent written and verbal communication skills, with the ability to effectively communicate complex financial concepts to diverse audiences.
6. Proficiency in financial software and tools, such as Bloomberg, FactSet, or Morningstar.

CFA Salary on the basis of Job Title

S.No.	Job Position	Total Compensation	Base Pay
1.	Portfolio Manager	$177,000	$126,000
2.	Research Analysts	$140,000	$100,000
3.	Chief Executives	$240,000	$184,000
4.	Corporate Financial Analysts	$80,930	–
5.	Financial Advisors	–	$61,484
6.	Risk Manager	$129,000	$105,000
7.	Relationship Manager	$120,000	–

CFA Salary on the basis of Three Series Exam

Level	Average Pay
1	$43,218 – $78,374
2	$43,364 – $86,300
3	$67,786 – $217,242

CFA Salary on the Basis of Experience

Experience	Average Pay
Less than one year	$85,000
1-4 years	$77,250
5-9 years	$80,000
10-19 years	$147,395
20 years and higher	$142,500

Conclusion

The CFA designation is highly respected and can open doors to advanced positions in finance, leading to substantial financial rewards. Given the stringent requirements and rigorous testing, CFAs are well-prepared to handle complex financial tasks and make significant contributions to their organizations and clients.

Chartered Financial Analyst Salary – FAQs

What is the average salary for a Chartered Financial Analyst in the United States?

The average salary for a Chartered Financial Analyst (CFA) in the United States typically ranges from $70,000 to $180,000 per year, depending on factors such as experience, location, employer, and industry.

How does the salary of a Chartered Financial Analyst vary by experience level?

Salary tends to increase with experience for CFAs. Entry-level CFAs might earn around $70,000 to $100,000 per year, while mid-level CFAs with several years of experience could earn between $100,000 and $150,000. Senior-level CFAs or those in leadership positions may earn $150,000 to $180,000 or more.

Which industries offer the highest salaries for Chartered Financial Analysts?

Chartered Financial Analysts can find employment in various industries, including investment banking, asset management, hedge funds, private equity, and corporate finance.

How does location impact the salary of a Chartered Financial Analyst?

Location is a significant factor influencing CFA salaries. CFAs working in major financial centers such as New York City, San Francisco, and Chicago tend to command higher salaries due to the higher cost of living and greater demand for finance professionals in these areas.