Uploaded on Sep 8, 2022
CFA is a great career choice because India is reportedly the third-largest market for CFA practitioners. You want to know how much a newly certified CFA professional or a seasoned CFA charter holder can anticipate to make.
CFA Level 1 Expected Salary_ For New Professionals & Experienced Workers
CFA Level 1 Expected Salary: For New Professionals & Experienced Workers Recently, CFA has become the most preferred career choice for aspirants passionate about finance. It is not surprising since a CFA charter holder is in great demand today, both in India and overseas. This is because a CFA expert has in-depth knowledge of investment banking, risk analysis, portfolio management, and much more. Leading banks, insurance companies, investment firms, and other organizations need the expertise of CFAs to handle their finance departments efficiently. So, undoubtedly, doing a CFA course Mumbai would be the best career option for aspirants looking for a lucrative finance career. India is reportedly the third-largest market for CFA professionals, after the US and China. Due to the boom in industrialization, there has been an increase in demand for CFAs in India. This makes CFA an excellent career option. However, the CFA exam is not easy, and there are three levels to clear before you get the CFA certification. Therefore, enrolling with an experienced CFA Coaching Institute would ensure that you crack all the levels easily. We will now briefly delve into the level one exam details to help you prepare and score excellent marks in the exam. Details about the CFA course You can be eligible for the CFA course only if you possess a bachelor’s or equivalent degree or have four years of overall work experience. CFA level one course details CFA Level I can be taken in June and December. The study program covers topics such as an introduction to financial reporting and analysis, asset valuation, and portfolio management techniques. This level has 180 multiple choice questions divided into two sessions and will cover topics including, Ethical and Professional Standards, Financial Reporting and Analysis, Economics, Portfolio Management, and Alternative Investments. Next, you would next like to know what salary a new CFA professional or experienced CFA charter holder can expect to receive. Salary to expect if you clear CFA Level 1 Once you clear CFA Level 1, you become eligible for respectable posts like junior equities research analyst, accounting manager, or investment administrator. You can expect to earn a handsome remuneration of around INR 30-35000 per month. In the USA, a person passing CFA level 1 can hope to earn approximately $3900 per month. In India, the remuneration will vary as per the city you work in. For example, in Mumbai, you may expect to earn around INR 45000 per month. As you gain more experience and your skills multiply, you can expect to earn anywhere from a minimum of INR 50000 onwards. Later, when you complete the full course, you can expect to earn INR 9 lacs per annum as an experienced senior financial analyst and even up to INR 10 lacs as a finance manager. Conclusion Evidently, completing the CFA Course Mumbai is the best option you can pursue if you kickstart your career in finance. The weightage the qualification adds to your profile is invaluable. Recognized in India and overseas, the CFA certification opens the door to several opportunities for aspirants dreaming of a successful finance career.
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