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CFA® Salary Guide

Breakdown of salaries and compensation

Total compensation and CFA salary guide

Compensation for CFA® charterholders typically consists of a combination of base salary, performance-based bonuses, and some type of equity or profit sharing.  Charterholders can have salaries that are quite high, relative to other professionals in the finance industry. The following provides a general CFA® salary guide.

The general formula to calculate total compensation is below:

Base CFA® Salary + Cash Bonus + Equity = Total Compensation

The average total compensation for charterholders (in the U.S.) is approximately $300,000 according to the CFA® Society.

The median base salary for charterholders is approximately $180,000, which leaves the balance being a split between cash bonuses and equity or profit sharing.

 

CFA® salary compensation

 

CFA® salary guide – Compensation by job title

Averages do not provide the full picture, as there’s a wide range for CFA® salary, depending on the specific job title.

Below is a breakdown of median total compensation by job type:

  • Financial Analyst (corporate) $80,930
  • Portfolio Manager (fixed income) $253,250
  • Chief Investment Officer $316,600
  • Portfolio Manager (equities) $344,500

 

The above information was released in a 2016 CFA® salary compensation survey.

 

CFA® salary guide – Where do charterholders work?

Charterholders earn their CFA® salary across a wide range of corporate finance roles, including the following:

  • Portfolio management
  • Equity research
  • Investment banking
  • Corporate development

 

How to increase your pay?

If you’re a charterholder looking to increase your CFA® salary, the key is to make yourself more valuable.  This includes strategies such as asking for more responsibility, taking on a cross-functional role, mentoring junior team members, and upgrading your technical financial skills. Become a lynchpin and an indispensable member of the team.

Additionally, it is always beneficial to know the current wage market for your skill level and job function. If you notice you are being underpaid, or if a certain skill you have raises your wage potential, don’t be afraid to negotiate a raise during performance evaluations. The key is to prove your worth through your work and to do proper research into what level of compensation your knowledge and skill set shoud command.

 

Additional resources

Thank you for reading this CFA® salary guide and total compensation information.  To keep learning and advancing your career, we highly recommend these additional resources:

  • Investment banker salary
  • Compensation guides
  • Financial modeling guide
  • Interview guides

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