After CFA exam, there are two situations. One is to pass CFA Level 3 exam and apply for CFA certificate, and the other is to pass CFA Level 3 exam but not become CFA holder. There is a certain gap between the two.
The investment industry salary survey shows that employers are willing to offer high bonuses to CFA holders with 10 years or above work experience. In the same industry, CFA licensees earn 24% more than non-licensees. If you don't talk about work experience, the salary gap between CFA holders and non-CFA holders will be even greater. The salary of CFA holders is 54% higher than that of non-CFA holders, but it doesn't mean that non-CFA holders can't find a good job.
Employment prospects of CFA-In view of the formality and professionalism of CFA examination, its qualification certificate is widely recognized in the financial field. In 2006, Financial Times magazine compared CFA professional qualification to the "gold standard" of investment professionals.
The world-renowned institutions with the largest number of CFA employees are Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Moody's, Deutsche Bank, Barclays Bank, Credit Suisse, UBS and PricewaterhouseCoopers, as well as top domestic investment banks such as CICC, CITIC, Galaxy Securities, Guotai Junan, Guangfa Securities, Huatai Securities, Everbright Securities, Guoxin Securities and BOC International Securities. 20 10 the top five newly promoted executives are CFA holders, and CFA has become a competency standard in China.
CFA's career direction includes: investment bank manager, fund manager, financial manager, project director, CEO, senior fund analyst, fund management director, audit project manager, CEO, tax manager, financing manager, chief cashier, chief financial officer, senior financial settlement manager, senior investment analysis manager, chief financial officer, senior financial settlement manager, securities analyst, chief financial officer, investment consultant, investment banker and trader.
Basically, there will be candidates for every job, which is very popular. Here are the three most popular jobs:
1, investment bank manager.
Among the famous investment banks, there are Goldman Sachs, Morgan Stanley, HSBC Group and UBS Group AG. As an important channel connecting the capital market and the money market, investment banks have played a "catalyst" role in the wave of national stock trading in China.
Among many positions in investment banks, investment bank project managers need strong comprehensive quality. Usually the work pressure is great, but the salary is high. Investment bank manager is definitely a dream job for financiers.
2、VC/PE .
VC/PE is to make equity investment in unlisted enterprises, and then sell shares through merger, listing or management buyback to obtain high profits. Among the top representative offices of PE/VC, foreign capital includes Blackstone, Carlyle, KKR, Sequoia and so on. The local representative organizations are CDH, Hony, Chen Da, China Merchants, Jiuding, etc. Many VC/PEs have made amazing achievements.
3. Securities analyst.
Securities analysts should analyze and study various factors in the securities market and issue the most valuable investment report to investors through professional analysis.
An excellent securities analyst should not only be familiar with the professional knowledge of traditional securities science, but also keep an eye of keeping pace with the times and understand the latest research results of securities investment theories and methods, such as evolutionary securities science and behavioral finance.
According to the salary survey report of CFA holders published by PayScale, an authoritative professional website in the United States, the salary of CFA certified analysts is about 45K-98K, that of portfolio managers is about 64k- 182k, and that of senior analysts is about 6 1k- 15k.
In recent years, more and more people have applied for CFA exams, and the policies given by the national government are getting better and better. Undoubtedly, the financial industry needs such talents for better development planning.
CFA related content is recommended to read.