The CFA (Chartered Financial Analyst) designation is one of the most prestigious qualifications in finance, diagnosed globally for its rigor and relevance. In India, the demand for CFA charterholders has surged, specifically in sectors like funding banking, equity research, portfolio control, and company finance. As India’s financial region will become extra state of the art, professionals with CFA credentials are commanding appealing repayment. If you’re questioning about the CFA profits in India, and the way it compares while blended with an MBA, this article offers a deep dive into earnings expectancies, process roles, and career capacity.
High-Priority Topics Table
| Keyword | Description |
|---|---|
| CFA Salary in India | Expected salaries for CFA candidates and charterholders in various industries. |
| MBA + CFA Salary in India | Salary advantages for professionals who hold both an MBA and CFA. |
CFA Salary in India: A Detailed Overview
What Determines CFA Salaries?
Several factors influence a CFA’s salary in India, including:
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Level of CFA completion (Level I, II, or III or charterholder)
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Years of experience
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Job role and industry
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Location (Mumbai and Bangalore pay more)
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Combination with other degrees like MBA
CFA Salary by Qualification Level
| CFA Level | Average Salary (INR per annum) |
|---|---|
| CFA Level 1 | ₹4 – ₹6 LPA (Lakhs Per Annum) |
| CFA Level 2 | ₹6 – ₹10 LPA |
| CFA Level 3 (Passed) | ₹10 – ₹14 LPA |
| Charterholder | ₹12 – ₹25+ LPA depending on experience and role |
Note: These figures vary by city and employer. Mumbai, Delhi NCR, and Bangalore offer the highest compensation.
CFA Salaries by Job Role
1. Equity Research Analyst
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Entry Level: ₹6–₹9 LPA
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Mid-Level: ₹12–₹18 LPA
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Top Firms: JPMorgan, Credit Suisse, ICICI Securities
2. Investment Banker
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Entry Level: ₹8–₹12 LPA
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Senior Level: ₹25–₹40+ LPA
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CFA gives a major edge, especially in boutique investment firms.
3. Portfolio Manager
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₹15–₹30 LPA depending on AUM (Assets Under Management)
4. Corporate Finance Analyst
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₹8–₹20 LPA (depends on size of company and sector)
CFA Salary in India: City-Wise Breakdown
| City | Average Salary Range (INR) |
|---|---|
| Mumbai | ₹8 – ₹25 LPA |
| Bangalore | ₹7 – ₹20 LPA |
| Delhi NCR | ₹6 – ₹18 LPA |
| Hyderabad | ₹5 – ₹15 LPA |
| Pune/Chennai | ₹5 – ₹12 LPA |
MBA + CFA Salary in India
Is MBA + CFA Worth It?
Combining MBA and CFA qualifications significantly boosts earning potential. Employers see it as a rare blend of strategic thinking (MBA) and deep financial expertise (CFA).
Salary Expectation: MBA + CFA
| Work Experience | MBA + CFA Average Salary |
|---|---|
| 0–3 years | ₹10 – ₹15 LPA |
| 3–7 years | ₹18 – ₹30 LPA |
| 8+ years | ₹35 – ₹60+ LPA (leadership/VP roles) |
Top recruiters include: Goldman Sachs, Morgan Stanley, Bain Capital, HDFC, and global consulting firms like McKinsey and BCG.
CFA vs MBA + CFA: Career Trajectory
| Feature | CFA Only | MBA + CFA |
|---|---|---|
| Starting Salary | ₹6–10 LPA | ₹10–15 LPA |
| Mid-Career Roles | Analyst, Associate | Manager, VP, Strategic Head |
| C-Suite Potential | Moderate | High |
| Global Mobility | High (especially in finance) | Very High |
Industry-Wise CFA Salary in India
| Industry | Average Salary (LPA) |
|---|---|
| Investment Banking | ₹10 – ₹30 LPA |
| Asset Management | ₹8 – ₹25 LPA |
| Private Equity/Venture Cap | ₹12 – ₹35+ LPA |
| Consulting | ₹8 – ₹22 LPA |
| Corporate Finance (FMCG/IT) | ₹6 – ₹18 LPA |
Benefits of CFA Certification in India
Why Employers Value CFA
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Global standard of excellence in finance
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In-depth analytical and ethical training
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Applicable to multiple domains: equity, debt, derivatives, and alternatives
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Credibility in front-office finance roles
CFA Jobs in India: Most In-Demand Roles
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Investment analyst
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Financial modeling associate
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Risk management consultant
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Credit analyst
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ESG (Environmental, Social, Governance) analyst
CFA vs Other Certifications in India
| Certification | Focus | Average Salary (INR) | Best For |
|---|---|---|---|
| CFA | Investment & finance | ₹6–25+ LPA | Portfolio, equity, asset roles |
| CA | Accounting, Audit | ₹7–15 LPA | Audit, Tax, Compliance |
| MBA | General business | ₹8–30+ LPA | Strategic, operational finance |
| FRM | Risk management | ₹10–22 LPA | Risk, Treasury, Compliance |
Future Outlook for CFA Salary in India
Emerging Areas Boosting CFA Demand
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Fintech and AI-Driven Finance
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ESG Investing
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Global compliance and regulatory advisory
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Private wealth management boom in India
According to CFA Institute India, the number of registered candidates has grown by 25%+ annually, showing strong interest and employer demand.
Summary
The CFA salary in India varies widely based on experience, location, and combination with degrees like an MBA. While CFA alone can fetch ₹6–₹25+ LPA, adding an MBA can elevate salaries to ₹30–₹60+ LPA in senior roles. Demand for CFA-qualified professionals is growing rapidly across sectors like investment banking, portfolio management, and fintech.
FAQs salary of cfa in india
Could cfa level 1 candidate average salary in india?
A CFA Level 1 candidate in India can expect an average salary of ₹4 to ₹6 lakhs per annum, typically in roles like research analyst, finance associate, or junior analyst.
What is the salary of international cfa in india?
The salary of an international CFA charterholder in India typically ranges between ₹12 to ₹30 LPA, depending on experience, industry, and company, with top firms offering even higher packages.