What is the Salary of a CFA Level 2 in India?

By IIC Lakshya

29 Aug 2024

Others

Have you ever asked yourself what salary does a CFA Level 2 get in India? The Chartered Financial Analyst (CFA) credential is more than simply a certification; it is a strong tool that can uncover specialized knowledge and lead you to intriguing job prospects with competitive earnings in India

A Chartered Financial Analyst (CFA) degree is highly valued in India, which creates a route to diverse career prospects. As a CFA professional, one will have an opportunity to start a marvelous career journey with many options.

What is the average CFA Level 2 Salary in India?

In India, individuals with the CFA Level 2 qualification receive compensation that varies depending on their sector, employment function, region, experience, and other criteria. On average, CFA level 2 salary in India is between INR 7 and 12 lakhs per year.

Job Role	Experience	Salary (INR)	Job Description
Financial Planner	5-10 Years	4-4.5 Lacs PA	The role involves financial planning, and the candidate should have experience in planning, compliance, and financial analysis.
Equity Research Associate	1-2 Years	3.5-4.5 Lacs PA	The role involves equity research, report-making, fundamental research, and equity analysis.
Zonal Sales Manager-South India	15-24 Years	30-40 Lacs PA	The role requires skills in sales, distributor management, modern trade, channel sales, P&L Head, general trade, and trade management.
Equity Dealer/Trader – HNI Private Client	4-9 Years	5-10 Lacs PA	The role involves equity trading, NSE dealing, broking, NISM, derivatives, and terminal operations.

Explore more on related CFA topics by checking out these additional articles.

What are the Professional Opportunities for CFA Aspirants in India?

CFA course in India is a prestigious one as it opens up multiple and attractive job opportunities. In your capacity as a CFA professional, you can start a career that is out of this world and has plenty of routes to choose from.

For CFA aspirants, it is of paramount importance to know the professional opportunities they will most likely encounter on their journey.

Investment Banking

One of the popular and profitable career options for CFA professionals is to become an investment banker. Many CFA candidates finish their modules and start their careers in professional investment banking, creating a firm career foundation. with a nice chartered financial analyst salary in India per month

Portfolio Management

Portfolio management is another stimulating opportunity to thrive after doing the CFA course. Managing portfolios is both captivating and challenging: it is a versatile field that provides a variety of opportunities.

Risk Management

A career as a risk manager is a unique choice after earning your CFA certification. Risk managers are the backbone of the risk management system that aims at finding risk factors for investment and diversification of assets.

Private Banking

Getting into the private banking industry as a CFA is a good option after you complete the course. The in-depth knowledge and the skills that private bankers accumulate while working, contribute to their career growth and success over time. This has a competitive CFA fresher salary in India

Market Research Analyst

From the perspective of a CFA professional, the responsibilities of a market research analyst are challenging and full of excitement, which involves studying the current market trends. Besides this job providing great learning opportunities, it offers competitive remuneration too.

What is the Significance of CFA Level 2 in India's Financial Landscape?

Major Multinational Companies (MNCs) in the finance industry are drawn to India, which is a well-known financial hub on a worldwide scale. In this context, having a CFA credential opens up a lot of chances and significant potential. The global stock brokerage sector in India is expanding quickly, and people participating in these developments would benefit from having a CFA certificate.

The CFA curriculum provides an extensive understanding of primary and secondary market functions, which is quite useful in this setting. Furthermore, India's wealth management business is expanding rapidly, with a 20% year-over-year increase. As Indian financial institutions seek experience in planning and managing investments for individual clients, the need for CFA specialists is increasing. Furthermore, amid the worldwide COVID-19 epidemic, foreign corporations are prioritizing cost reduction, which is causing Knowledge Process Outsourcing (KPOs), investment banking companies, and financial services firms to return to India. In this changing context, the CFA degree is highly valued in India's Investment Finance Industry.

As a CFA practitioner, you set out on a path with a plethora of choices, all of which guarantee fulfilling careers and competitive pay. The importance of the CFA Level 2 degree in India's financial sector cannot be understated. India, being a worldwide financial hub, attracts huge multinational corporations (MNCs), creating several prospects for people with a CFA certificate.

Frequently Asked Questions (FAQs)

Is CFA level 2 difficult?

The CFA Level II test is challenging because it requires you to do more than just comprehend the subject matter. As a result, you must spend time practicing and taking sample examinations, as well as evaluating the areas of weakness throughout your preparation.

What is a CFA level 2?

22 item sets, each with 88 multiple-choice questions that correspond to vignettes, make up the CFA Level II test. The Level II test will last 4 hours and 24 minutes, split into two equal periods of 2 hours and 12 minutes each, with an optional break in between.

Will CFA Level 2 get me a job?

Some of the leading retail banks, investment houses, and other financial institutions favor people with CFA Level 2 certification. Professionals get a very decent CFA level 2 salary. The professionals can work as portfolio managers, financial analysts, or research analysts

Is a CFA equivalent to an MBA?

Unlike an MBA, the CFA program is relatively inexpensive and places more emphasis on finance theories and practice. In this role, you will be able to work with investors who are interested in equity research and portfolio management.

Will CFA increase my salary?

The level of experience and the completion of the CFA program affect the salary structure of the CFA professionals in India to a great extent. As professionals advance through levels 1, 2, and 3, the CFA average salary increases significantly

Is CFA level 1 easy?

The CFA tests are demanding and take around 4-6 hours each. It is a difficult assignment, but at that time, candidates must answer 180 questions on the Level I test. Candidates must possess more than intelligence and stamina to succeed. They must also have access to the appropriate tools.