Chartered Financial Analyst (CFA) Salary
Median pay for Chartered Financial Analysts in the United States lies in the neighborhood of $78K annually. Overall cash earnings for Chartered Financial Analysts stretch from $49K on the lower end to $154K near the top, and the heftiest packages can encompass around $74K from bonuses and $48K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by career length. Medical benefits are awarded to most, and the larger part earn dental coverage. Work is enjoyable for Chartered Financial Analysts, who typically claim high levels of job satisfaction. The vast majority of Chartered Financial Analysts (83 percent) who took the survey are men. The numbers in this rundown were provided by PayScale's salary survey participants.
|Salary||$48,581 - $151,006|
|Bonus||$402.68 - $74,497|
|Profit Sharing||$0.00 - $48,479|
|Total Pay (||$48,722 - $153,613|
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.
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