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What is the Entry-Level Salary of CFA in USA?

Published in Financial Salaries 3 mins read

The entry-level salary for analysts pursuing or holding the CFA designation in the USA typically ranges between $50,000 and $60,000 annually. This figure represents the approximate earnings for professionals at the beginning of their careers in financial analysis and investment roles, such as equity research.

CFA Salary Breakdown by Experience Level

Salaries for professionals with CFA qualifications in the USA generally increase significantly with experience. While entry-level analysts start within a specific range, mid-level and senior-level positions command higher compensation.

Here's an approximate breakdown of CFA salaries based on experience level in the USA:

Experience Level Annual Salary Range (USD)
Entry-Level $50,000 - $60,000
Mid-Level $60,000 - $80,000
Senior-Level Over $90,000

Note: These figures are approximate and can vary based on several factors.

Factors Influencing CFA Salaries

While the CFA designation is highly valued, several elements can influence an individual's specific salary beyond their experience level:

  • Geographic Location: Major financial hubs like New York City, San Francisco, and Boston typically offer higher salaries compared to smaller cities due to a higher cost of living and greater demand for financial professionals.
  • Specific Role and Industry: The salary can vary significantly depending on the specific job function (e.g., equity research, portfolio management, risk management, investment banking) and the industry (e.g., asset management, hedge funds, corporate finance). Roles in competitive or highly specialized areas often command higher pay.
  • Firm Size and Type: Larger, more prestigious firms or bulge-bracket investment banks often offer higher compensation packages, including base salary and bonuses, compared to smaller firms or boutique advisory services.
  • Educational Background and Additional Certifications: While the CFA is a powerful credential, holding an MBA from a top-tier university or other specialized certifications can further enhance earning potential.
  • Performance and Bonuses: A significant portion of compensation in finance, especially at mid- and senior levels, can come from performance-based bonuses, which are tied to individual and firm performance.

Typical Roles for CFA Professionals

CFA charterholders and candidates often pursue a variety of impactful roles within the finance industry. Some common positions include:

  • Equity Research Analyst: Responsible for analyzing companies and industries to provide investment recommendations.
  • Portfolio Manager: Manages investment portfolios for individuals or institutions, making buy and sell decisions.
  • Financial Analyst: Conducts financial planning, analysis, and reporting for corporations or financial institutions.
  • Investment Banker: Advises clients on mergers, acquisitions, and capital raising.
  • Risk Manager: Identifies, assesses, and mitigates financial risks for organizations.

The CFA program equips professionals with a strong foundation in investment knowledge, ethics, and practical skills, making them valuable assets across the financial services landscape. Further details on salary breakdown for CFA profiles can be explored at reputable financial career resources.