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Got your CFA done!! What next?
Posted: Jun 29, 2022
Many finance professionals are in a stiff competition to take advanced finance certification courses like CFA to climb up the career ladder as well land prospective career roles in the Big 4 or top MNCs. The enthusiasm that looks bright at the start of the course does not stay long at the finish of the course among the students/professionals. One of the first reasons would be - a lack of guidance and mentorship. As soon as you join the best CFA institute in India, you think the job is done! But that’s not the end, there is much more to it. Most CFA institutes might provide you the necessary coaching, but very few institutes like Miles in collaboration with world-renowned Kaplan Schweser undertake an end-to-end process of producing CFA talent and deploying them in appropriate roles through vibrant corporate partnerships. So if they do so, what are the job roles that are waiting for a CFA today? Let’s take a deep look.
Equity Research Equity Research is one of the trending career opportunities for CFAs as they are geared with analytical and prediction skills to advise clients on investments. This can lead you to own a company and produce breakthrough financial reports and recommendations for clients about companies and stocks. The average median salary for a fresher CFA is about 7 LPA and for an experienced candidate it ranges between 70-80 LPA. According to the Bureau of Labor & Statistics, the equity research career is projected to grow 5% annually.
Finance Consulting Not all businesses are good at allocating resources, selecting managers, and searching for investment opportunities, but finance professionals with CFA eligibility and experience can make it happen. The bottom line goal of CFA classes is to help CFA aspirants to build finance market strategies, models, and investment theories to ensure that the company makes profits and narrows down losses. The average median salary for Finance Consultants with CFA is $89,000. The annual growth rate expected for finance consultants is 11%.
Investment Banker This role is a very dynamic and sought-after role in the finance and investment industry. With the massive expansion of startup culture in India - there is a massive surge in demand for investment banking officials with a CFA charter. They also advise and inform corporations and government agencies on investment plans and strategies to raise capital. The average median salary for an investment banker is $115,000 and the job scope is expected to grow by 15%.
Risk Manager Unforeseen risks have made a major impact due to poor business practices as it has led to a 50% decline in shareholder value in companies across the world. On the contrary, only 10% of risk has been analyzed which has naturally placed a high demand on companies to hunt for reputed FRM professional experts who can act as a firewall against unforeseen risk. The average median salary for CFA-trained risk professionals is $72, 858 and the job scope is expected to be 9% annually.
Corporate Finance Managers The job outlook for this role is extremely high. Having done your finance investment course, you can land in exciting roles of governing and overseeing the financial activities and capital investment decisions of your company. The average median salary for corporate finance managers with CFA designation is $107,213 annually and the job scope is expected to rise to 1%.
Wanting to land these exciting roles, take a smart route of subscribing to the Schweser-Miles Original CFA study package that covers a whole range of benefits to get you right to the place you dream of in your CFA career.
Miles Education is India's #1 CPA, CMA & CFA with presence across India, Middle East & US. Miles Education up-skills students & professionals to be future-ready with a career progression in Accounting & Finance.