Career opportunities for CFA® (Chartered Financial Analyst) charterholders
The CFA (Chartered Financial Analyst®) designation is the globally recognized mark of distinction and benchmark for measuring the expertise, experience, and ethics of serious investment professionals. A CFA Candidate must enroll in the CFA Program® before they can pursue the Level 1 exam and furthermore to achieve the qualification.
The entrance requirements include education requirements (undergraduate degree, work experience or a combination of both), having an international travel passport, fulfilling the professional conduct admission criteria while ensuring that they are proficient in English and live in a participating country.
According to the 2018 Middle East Salary Guide by Robert Half, the compensation scale for financial analysts range between AED213K and AED359K. For top-level executives, the range is AED 778K to AED 2222K while Risk managers salaries range between AED 359K and AED 631K.
Based on a survey conducted of chartered financial analysts by the CFA Institute, the prospective array of careers has been mentioned below if one chooses to pursue this qualification.
Majority of chartered financial analysts which accounts for 22% are employed as portfolio managers. Portfolio managers facilitate the purchase and sale of assets constantly. Effective asset sale requires interaction with clients, analysts, and researchers in order to remain up to date with the market trends. An extraordinary portfolio leader can see past the surface and settle on educated choices for their customers as a result of insightful expertise.
Research analysts play a key role in the world of business and finance. 15% of CFA (Chartered Financial Analyst) Charterholders hold this position. They use both qualitative data math models to analyze the past and make predictions for the future. They are relied upon to review and analyze data in order to create recommendations. The information that they gather is crucial for organizations as it helps prioritize and give direction.
Although only 7% of all chartered financial analysts on the planet have grown to be top-level executives, The executives are the most imperative and powerful individuals in an organization and branch into CEO, COO & CFO. Being the apex of the organization, the significant choices that they finalize drive the accomplishment of strategic, tactical and operational goals contingent upon the organization structure and market.
Risk is an inevitable aspect of every flourishing business. In order to grow and earn greater profits, a certain amount of acceptable risk is continuously undertaken to achieve and excel in organizational goals. A financial risk manager identifies potential monetary risks that the organization could face in the near future and helps highlight risks that can be converted into prospective opportunities.
Consultants are individuals that offer an external and personalized view of the organisation's practices and changes. They deal with crucial monetary decisions related to savings, investment or insurance. Their skill set includes business valuation, financial investigations and identifying methods to increase shareholder profitability. Approximately 6% of all CFA (chartered financial analysts) charterholders work as consultants.
Corporate Financial Analyst
A hybrid of a research is the corporate financial analyst. The financial analyst, unlike the research analyst, goes beyond data input in order to frame conclusions. They lay focus on budgets and income statements along with other financial data. During venture choices, research and guidance are offered in relation to micro and macroeconomics as they serve as important agents for decision making. 5% of CFA (chartered financial analysts) work as Corporate Financial Analysts.
Networking is crucial for effective business management. A relationship manager offers both a financial and humanistic aspect which is imperative during mergers, acquisitions or other business relations. The relationship manager also prevents or rather limits the extent of unpredictability by constantly assessing the current financial status and elements that impact it. 5% of CFA (chartered financial analysts) work as Relationship Managers.
Less than 10% of chartered financial analysts work as monetary counselors. These experts normally assist customers with speculations, assess laws, and take insurance decisions. They enable individuals to formulate short and long-term objectives, and additionally a budgetary arrangement for accomplishing their objectives. Some of the advisors also make investments for their clients and provide levy assistance.
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