Chartered Financial Analyst (CFA) Salary
Average Chartered Financial Analysts in the United States make around $82K per year. In the world of Chartered Financial Analysts, total cash compensation can vary between $50K and $209K. Each package generally includes bonuses and profit sharing proceeds, and in exceptional cases, those amounts can reach heights of $75K and $50K, respectively. Location and tenure each impact pay for this group, with the former having the largest influence. Most Chartered Financial Analysts report high levels of job satisfaction. A large number report receiving medical coverage from their employers and a majority collect dental insurance. This overview is based on answers to PayScale's salary questionnaire.
|Salary||$49,618 - $185,615|
|Bonus||$500 - $75,000|
|Profit Sharing||$100.67 - $49,665|
|Total Pay (||$49,938 - $209,395|
Job Description for Chartered Financial Analyst (CFA)
Basic duties performed by chartered financial analysts (CFAs) include monitoring and helping improve financial performance for clients. Monitoring consists of tracking status, using financial models and forecasting, analyzing plans, and reconciling transactions. To improve performance, all data must be carefully analyzed and then used to present solutions such as automation, removing redundancy, improving coordination, and handling other weaknesses. In some cases, this may require specialized knowledge of specific fields; however, in general, problem-solving skills and strong communication skills are essential to generate strong results.Read More...
Work hours for chartered financial analysts are mostly limited to standard business operating hours, but overtime and travel may be necessary depending on the specific needs of clients and projects. Work is done in an indoor office environment with minimal risk and hazard. Chartered financial analysts typically work with a team of analysts, but being able to work independently with minimal supervision is important as well. Jobs as a chartered financial analyst are available at many financial institutions, ranging from banks to financial advisory services. In some cases, companies in different fields also hire analysts instead of relying on external employees to perform financial analysis.
Perhaps the most important requirement for the position is Chartered Financial Analyst (CFA) certification. In addition to this, a bachelor’s degree in finance, accounting, economics, or a related field is usually required. Experience requirements vary based on the level of the position and its pay, but many require a minimum of five years of experience in related financial fields.
Chartered Financial Analyst (CFA) Tasks
- Analyze financial portfolios and create recommendations.
- Write reports on recommendations, risks and current state.
- Evaluate financial decisions, set goals and identify key steps for growth.
Chartered Financial Analyst (CFA) Job Listings
Pay Difference by Location
Chartered Financial Analysts will find that Boston offers an impressive pay rate, one which exceeds the national average by 56 percent. Chartered Financial Analysts will also find cushy salaries in Dallas (+14 percent) and New York (+9 percent).
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