Chartered Financial Analyst (CFA) Salary
For Chartered Financial Analysts, yearly average wages total $80K annually. Final cash compensation to Chartered Financial Analysts varies from around $49K to approximately $150K; choice pay grades include potential for bonuses and profit sharing as high as $75K and $48K, respectively. Geography is the biggest factor affecting pay for this group, followed by career duration. Medical benefits are awarded to most, and the larger part earn dental coverage. Men account for the majority of Chartered Financial Analysts who responded to the questionnaire — 83 percent to be exact. Job satisfaction is reported as high by the vast majority of workers. Respondents to the PayScale salary survey provided the data for this report.
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
- Evaluate financial decisions, set goals and identify key steps for growth.
- Write reports on recommendations, risks and current state.
- Analyze financial portfolios and create recommendations.