Chartered Financial Analyst (CFA) Salary
An average Chartered Financial Analyst in the United States can expect to take home roughly $79K annually. Total incomes of Chartered Financial Analysts incorporate potential for, in a few cases, more than $76K from bonuses and close to $49K from profit sharing; these performance components cause packages to range between $49K and $179K. Geography is the biggest factor affecting pay for this group, followed by tenure. Medical benefits are awarded to most, and more than half earn dental coverage. There are far more male Chartered Financial Analysts survey respondents than women, making up 88 percent. Job satisfaction is reported as high by the vast majority of workers. The data for this snapshot was collected from individuals who took PayScale's salary survey.
|Salary||$48,425 - $173,436|
|Bonus||$397.32 - $75,503|
|Profit Sharing||$-0.50 - $48,936|
|Total Pay (||$48,581 - $178,793|
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.
Pay Difference by Location
Boston offers some of the highest pay in the country for Chartered Financial Analysts, 68 percent above the national average. Chartered Financial Analysts will also find cushy salaries in Dallas (+22 percent) and New York (+17 percent).
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Key Stats for Chartered Financial Analyst (CFA)
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