|Author||Topic: CFA Salary|
|I'm taking a survey. In your opinion, what will the total compensation be for recently appointed CFA with 3 years of work experience?|
|I work in investment banking, making lower 6 figures $.......enrolled in the CFA program, cleared Level I this June, thinking when I get CFA, it will at least boost the BASE salary to mid-6 figures $........
now you are telling me, a CFA w/ 3 yrs experience only can get $60K?
|It depends where you are in the country. If you are in New York that number is too low, if your in the midwest it's not that low. Mid 6 figures even in NY is pretty damn good in the IB environement. Analysts make less than bankers unless they have a large franchise and have some clout. Just some thoughts.|
|Thanks for ur input......true, location, location, location.........west coast here......I know we should make much more $$$ if in NY.
So, what if I don't really want to be an equity analyst?
What will the CFA help, any other fields?
I am tired of the "Monkey Business" - investment banking......want to sit on the other side of the table....any thought?
|More or less.....but it IS a "monkey business", no matter where u r:-)....swing into the endless jungle w/ a suit on:-)
I am off two months ago, now sit on the other side of table:-).....otherwise, I cannot imagine I can check and post here, hehe
However, as I posted above, I am still searching........hopefully it won't be ANOTHER endless jungle.....like those two guys wrote the book, .....I am looking for the oasis in the desert, there's hope over there:-)
Any guide here???????????:-)
|have you found your luck yet, paveway?|
|If you get access to the AIMR job survey book you will get every salary figure under the sun, very useful, but can also be very upsetting.|
|It all depends on many other things other than being a CFA. Like what school did you graduate from, in which department/company/place did you work for the 3 years. In my opinion just b'cos some one is a CFA doesn't mean that he is going to make a ton of money. It all depends on what he/she is other than being a CFA.|