cfa employment prospects and directions

CFA is the most stringent and valuable qualification in the global investment industry. It is known as "the first test in global finance" and "the ticket to Wall Street."

CFA qualification certification is recognized by more than 170 countries around the world; the high bonus subsidies and talent introduction benefits for CFA certificate holders in first- and second-tier cities in China are recognized as the best qualification certificate leading to an annual salary of 1 million. At present, there is a huge gap in CFA talents, and the supply exceeds the demand.

What are the employment directions of CFA?

1. Working as an Investment Bank Analyst (Analyst)

An Investment Bank Analyst (Analyst) is mainly responsible for data analysis, industry research and other related work. It also involves preliminary models such as mergemodel and DCF.

After obtaining the CFA certificate, you can be promoted quickly and become an Associate (deputy manager) in two years.

2. Promotion to Associate (Deputy Manager)

CFA certificate holders can often get more promotion opportunities in a short period of time. For example, you can be promoted from a junior analyst to an associate (deputy manager). This position is mainly analytical work and needs to be responsible for more complex modeling.

3. Assuming the position of fund manager

If you have passed the CFA certificate, you will be qualified for the position of fund manager. It has relatively broad development prospects. Mainly responsible for fund management, operations, listing monitoring and other related work. There is also a large domestic demand for this type of talent.

Globally, CFA holders mainly work as portfolio managers and research analysts. In China, they mainly work as investment managers and analysts. The overall position distribution tends to be consistent.

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Career destinations of CFA holders

According to data surveyed by the CFA Institute, CFA holders Many people work for most well-known companies at home and abroad, including:

Major overseas CFA charterholder employers: Morgan Stanley, Citigroup, Credit Suisse, JP Morgan, HSBC, Wells Fargo, Bank of America, Bank of Canada , Deutsche Bank, Goldman Sachs.

Main domestic employers of CFA certificate holders: Bank of China, Haitong Securities, Guotai Junan, the four major Chinese firms, Ping An of China, Everbright, Industrial and Commercial Bank of China, and Sequoia Capital China.

Career development advantages of CFA holders

1. CFA holders have extremely high professional ethics standards;

2. CFA holders are very They have a good understanding of the entire asset management system;

3. Most CFA certificate holders are very diligent and insist on learning to continuously improve their own quality.

Some banks, such as Bank of Beijing, also give priority to CFA holders when recruiting talents.

How much is the CFA salary?

After passing the CFA exam, the salary will be different due to different work experience. According to relevant statistics from the CFA Association: In European and American countries, the salary of CFA holders will be 20% higher than that of their peers. In the United States, they can earn an average annual salary of US$190,000.

1. If you have passed the CFA Level 1 exam but have no work experience, you can often engage in fund management-related positions and earn an annual salary of approximately US$35,000.

2. If you have passed the CFA Level 2 exam and above, and have 1 to 3 years of work experience, you can engage in financial risk management related work, and can earn 45,300_55,000 US dollars per year, equivalent to RMB 300,000- 370,000/year.

3. If you have passed the CFA Level 3 exam and have 3 to 5 years of work experience, you can work in investment managers, senior managers and other related positions. The annual salary can be approximately US$89,000-109,000, which is equivalent to an annual salary of US$620,000-760,000 in RMB.

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