You do not take the CFA charter to get a new job or secure a bigger pay packet. Rather, the knowledge you acquire should make you better at your job, and promotions and pay rises should occur more organically. At least that’s the theory. Nonetheless, for the thousands of people gearing up for the CFA exams this week, it would be worth knowing how the qualification will affect their bank balance.
The CFA Institute gave up on its compensation survey in 2007, so getting a clear picture of how much CFA graduates now earn is near impossible. Except…the CFA Society in Minnesota has released its 2014 compensation survey. The results are in the tables below – the data is more representative than comprehensive, and of course you’ll earn more in bigger financial centres, but its figures generally suggest that CFA charterholders earn a lot more than mere mortals.