You’ve (almost) got through your 300 hours of revision ahead of the CFA exams on June 15 (or June 16, for Level I candidates in Asia). Provided you eventually pass all three levels (only about one in five people who sit the Level I exam end up becoming charterholders), it’s worth considering how the CFA might help you land a well-paid job in Hong Kong financial services.
Will all the time you’re spending studying for the CFA actually pay off in terms of your future earnings? To find out, we looked through our CV database and identified the 10 job sectors which contain the most Hong Kong-based CFA Charterholders.
What are the best paying jobs for CFA Charterholders in Hong Kong?
We then averaged-out four recruiter salary surveys to calculate annual base pay for VPs (people with around seven years’ experience) for key jobs in these CFA-friendly sectors. If you’re taking the CFA to make a lucrative career change, the functions toward the top of the table are the ones you’ll want to work in.
CFA Charterholders in Hong Kong are earning the highest salaries within equities trading, while equity research comes in third slot. Banks have been cutting equities jobs in Hong Kong over the past two years, and having the CFA Charter to your name could potentially give you an advantage in the job market.
Roles in asset management – which traditionally have high Charterholder numbers – make up the middle of our pay table.
The CFA is also surprisingly popular within private banking – relationship managers at VP-level take home HK$1,080k on average in Hong Kong. RMs typically do the CFA to gain further insights into the investment products they are selling their clients.
While the CFA may add to your skill set in risk management and accounting (product control), these sectors are comparatively poorly paid. You won’t get rich by becoming a CFA Charterholder and staying in these two jobs.
How much do CFA jobs pay in Hong Kong?
Image credit: GaudiLab, Getty
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