As you study and become a CFA charterholder, you will have invested time, money, and effort for a potential return in the future. What can you expect as the return on investment of your career?
I have researched some data for you on possible salary expectations for jobs in Banking and Investments. Read on to see the results that will give you encouragement.
Firstly, I will share what were my expectations as I decided to study to become a CFA charterholder.
- I want to be intellectually challenged and stimulated after a few years in the finance industry and same type of role.
- The CFA designation will boost to my resume and improve future hiring potential
- Currently in a sell-side position, I want to understand the buy-side industry and my clients
After the 18 months it took to receive the CFA designation, what I achieved is as follows:
- I completed the CFA exams in the shortest possible time of 18 months, placing me in the Top 9% of CFA candidates
- By learning new topics of asset pricing and cross border transactions I was able to expand my career by moving from a pure sell-side role to being involved in merger arbitrage research
- My salary went up over 260% from the start of becoming a CFA charterholder candidate to completion and crossed over 200,000 USD. Experience plays its part.
- My network increased as I attending various events such as "top investment ideas" or "working in IB, AM, HF or PE"
- New leadership opportunities such as being a judge for the CFA Forecasting Event. It was fun actually to be on the other side.
But don’t base your decision on only my personal experience – check out this salary data I collected from current banking jobs in London and New York on LinkedIn. It shows that finance career searches with CFA have 250% more jobs in the top salary brackets (100,000+ GBP, 160,000+ USD) than without.
When I was young I thought that money was the most important thing in life; now that I am old I know that it is.