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What is the Scope of Chartered Financial Analyst (CFA) in India?

 

If you are a finance and accounting graduate this question must have come into your mind “What is the scope of Chartered Financial Analyst (CFA) in India?”
In this article, I am going to tell you about the scope of CFA in India.

But before that let me also ask you some more questions to make your thoughts more clear.

Are you interested in subjects like finance and accounting? Do you think you are good at analytical and numerical skills? Are you driven to make your career in a competitive corporate world?
So, for all those who are nodding YES right now, this article is for you guys.
In this article, I am going to tell you about the scope of CFA in India.
CFA, short for Chartered Financial Analyst. CFA ensures you the highest distinction in the investment management profession. This program has a high level of global recognition for finance-related activities. It is a post-graduate level qualification. It covers many sectors and topics related to finance and accounting for example economics, statistics, probability theory, financial analysis, portfolio management, etc.
The average period of completing the program is 4 years. The students require having a bachelor’s degree to be eligible for CFA or should have a minimum of 4 years of work experience.
So, if you want to know about the scope of CFA in India, go on and keep reading.

 

1. INVESTMENT BANKER:

Every firm or organization in this world requires capital to run its business. An investment banker helps its clients raise money for their firm. Investment bankers are aggressive salesmen.
They also perform various valuation methods, provide recommendations for product offerings, private equity transactions, mergers, and acquisitions, develop relationships with new and existing clients in order to expand the business and raise capital, review materials used in the financing of clients, and perform due diligence.
They require excellent financial skills and deep knowledge about the finance concepts as well as the sales skills for raising money. This is why there is a CFA demand in India.

What are the skills required for this job?

  • Impeccable quantitative and financial skills.
  • A degree in finance, or accountancy, or CFA program.
  • Tenacity, persuasiveness, networking, and communication skills.
  • The ability to perform a valuation on the spot.

What is the earning potential for this job?
A chartered financial analyst in India as an investment banker with an experience of 1-4 years can earn an average of Rs 8 to 10 lakhs which can increase with the experience.

chartered financial analyst india

2. PORTFOLIO MANAGER:

A portfolio manager is a person who is responsible for managing the fund’s assets, developing and implementing the fund’s investment strategies, managing and controlling day-to-day portfolio management activities. They work as an active or passive manager.
The ability to originate ideas, as well as excellent research skills, are the two skills that make the portfolio manager stand out in his or her career.
They are in charge of the fund, whether the fund is a closed fund, open mutual fund, hedge fund, venture capital fund, or exchange-traded fund.
How much can you earn?
The scope of CFA in India is very wide, as it gives you a fair compensation of around Rs 6.50 LPA.

 

3. RISK MANAGER:

A risk manager is in simpler terms a manager of a risk. He analyses manage and controls risk-related elements of their organization to determine the potential loss.
They are responsible for managing liability programs, gathering risk data, and mitigating risks as required. They plan and direct the risk management program. They also respond to inquiries from internal and external points of contact and conduct analysis and research to resolve questions regarding processes and risk and controls data.
After CFA job opportunities in India includes the position of the risk manager as it requires certain skills and knowledge that the CFA program teaches you.

Some of them are below:
Negotiation and diplomacy are good skills to have for risk managers because in drawing up a risk management policy, you’ll need to negotiate with other departments.
impeccable quantitative and numerical skills
sharp analytical mind
The demand for CFA in India has increased in previous years as firms look for people with more than just quantitative skills,
the need for excellent communication and presentation abilities becoming more and more important, too.

The earning potential:
The earning potential is around Rs 10 LPA.

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4. MARKET RESEARCH ANALYST:

A market research analyst gathers together and analyses data about the upcoming and ongoing demands in the market of different products in the market from different sources to produce results, which are then presented back to a client. They may also require making recommendations based on their findings.
Market research analysts are hired by public and private sector organizations, as well as by charities and not-for-profit organizations. They can also work on a freelance or consultancy basis.
A degree in finance or completion of CFA with their graduation degree is enough for the job. The CFA scope in India stretches to the Market research analyst.
The responsibilities include:

  • designing questionnaires
  • collecting data and assimilating statistics
  • monitoring the progress of data collection
  • interpreting data for clients
  • making recommendations based on the data collected
  • managing a team of data collectors and data input assistants
  • carrying out interviews and conducting surveys
  • managing budgets

The earning potential:
The earning potential for a market research analyst is around Rs 9.35 LPA.

 

5. PRIVATE BANKERS:

scope of cfa

Private banking includes providing banking, investment, tax management, and other financial services to high net worth individuals or private clients.
Unlike the normal retail banking that we know of, private banking stresses providing more personalized financial services to its high net worth clients.
Banks often allocate their best-performing employees to the private banking division to manage the accounts of high net worth clients. This practice typically translates to higher investment returns for clients.
For being a private banker, the qualification includes a degree in finance or CFA would be enough too. In India, one of the reasons for increasing demands for CFA is due to increasing cross demands for bank jobs in India.

The skills required to be a private banker?

  • The skills that are required to be a private banker are as follows:
  • Ability to analyze financial information
  • Ability to create and implement recommendations.
  • A great understanding of the banking and financial systems,
  • Excellent interpersonal and communication skills to establish a rapport with individuals quickly and build trust with potential or current clients.

Earning potential?
The earning potential of private bankers lies in an average of Rs 7 to 8.58 LPA.

Alternatively, if you are already preparing for CFA exams then, there is a thing that you can do to enhance your earning as well as learning capabilities. You can register yourself as a student under CHEGG. CHEGG is an online learning platform that keeps students first. They act as a bridge between the teachers and the students. You being a part of a student can ask questions and all your problems will be solved by CHEGG “experts” (teachers). They provide this service for the subjects like finance, statistics, and economics so CHEGG can come in handy while preparing for CFA.
Or you can apply as an expert. As an expert, you will have to go through the registration process (which is very simple by the way) and then you will have to answer questions asked by students from across the world. In this way, you can earn while you learn.
For registering as an expert follow these simple steps:

  • Get yourself registered
  • Take a subject test
  • Adhere to the guidelines
  • Take a guidelines test
  • Upload your documents for document verification.

The scope of CFA in India is widely spread. As much as the CFA exams are tough to crack, the scope after CFA pays you equally fondly. So, if you are preparing for the exam or even if you are thinking of CFA, don’t you underestimate yourself thinking about the difficulty level of the exam and try to focus on the fact that no good things come easy.
CFA can prove to be your chance to shine if you get your head in the game very seriously because of the CFA value and CFA job opportunities in India.

 

If you still think none of these options are where your interests lie, you can always turn to education as a career option. The world will never be in shortage of good teachers who are willing to educate the next generation.

Chegg is an education-based company, the main aim is to help students build their careers. It is one of the best options of the online earning website for students, professionals whoever has expertise in any of the subject matters like Accounts. Psychology, Computer Science, and many more.

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