CA plus CFA salary in India, jobs, foreign opportunities, etc.

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Posted Date: 07 Apr 2022
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One of the most popular career paths for individuals in finance is chartered accountancy (CA) or the Chartered Financial Analyst Program (CFA).

The CA is the most popular certification in India, whereas the CFA program is a highly sought-after professional certificate all over the world.

After qualifying as a CA,  individuals could also pursue the CFA certification because the CA+CFA combination is considered the deadliest in the realm of finance. 

The Institute of Chartered Accountants of India (ICAI) is in charge of regulating the profession of chartered accounting in India, whereas the CFA Institute in the United States is in charge of providing the program. However, there are three degrees of classification for both professional qualifications. 

Also, read about ICAI's global relations and recognization.

Pursuing CFA after CA

Candidates who have finished the CA and want to pursue a career in finance on a worldwide scale could also enroll in the Chartered Financial Analyst Program (CFA). Opting for CFA after CA is a good choice as obtaining a CFA after CA offers new and powerful opportunities in the world of finance for CA candidates.

It also strengthens their financial concepts by providing them with knowledge of several topics such as investment, banking, wealth management, planning, portfolio management, corporate finance, credit research, and so forth. Students can do both the CA and CFA courses at the same time.

Furthermore, students that take the combined course have an advantage over their peers. However, students should only choose combined courses if they are confident in their ability to manage both. 

Why CA plus CFA could be a realm of opportunities?

Because there is a great need for financial analyst specialists in organizations worldwide. The majority of chartered accountants are opting for the CFA program. Companies that require specialists with a better understanding of the financial domain also hire CAs with a CFA professional certificate. CA+CFA holders are thought to have the best skill set for financial professions. 

The benefits CA in addition to CFA

A candidate who holds both the CA and CFA professional designations will be a finance specialist who is well-known around the world. Candidates who enroll in both of these programs gain not only a solid financial understanding but also good analytical skills in addition to their application.

Candidates with such qualifications are more valuable than those who do not. Following the CA program with the CFA program promises a higher salary. An entry-level CA can earn up to INR 6 lakh per year. After passing the CFA level I exam, the same candidate could expect to leverage that figure by double. furthermore, after completing all three levels of the CFA program, an aspirant can expect to earn up to 20-30 LPA in relative figures.

Thus, applicants who pursue a CFA program following CA can expect higher pay.

In the first three to four years of your career, your pay is comparable to that of other industries, but once you reach a certain level, it begins to climb tremendously.

In India, a CFA charter holder with 15+ years of experience makes a minimum of INR 50,00,000 per year. The most amazing aspect of the CFA qualification is that you can start working while studying for levels 2 and 3 because recognition begins at level 1.

As you progress up the corporate ladder, your pay rises in lockstep. 

The scope of having a CA plus CFA in India. 

The CA and CFA are both fairly general financial courses that aren't specific to any one asset class. Every asset class is thoroughly covered by CA and CFA in terms of their key concepts and applications. This opens up a wide range of possibilities because it isn't limited to only stocks, bonds, real estate, or derivatives.

CA and CFA open up employment options in practically every asset class, and CFAs can be found in every industry domain. Although the majority of CA and CFA students seek to work as buy-side equities analysts or in portfolio management, there are other options available, including quantitative data analysts, traders, consultants, alternative investments, real estate, and fixed income.

In the end, as a qualified CA or a CA student, if you want to improve your future prospects and don't mind studying intensively for further 3-4 years, then pursuing a CFA post CA can be a good option for you.

Thanks for Reading!

Enjoyed reading? Take a glance at this, CA vs CS vs CMA: which career option is the best for you?


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