cfa level 1 salary

CFA Level 1 Salary In 2022 | Top 5 Best CFA Level 1 Jobs

A CFA certificate can help you get a variety of financial jobs. Read this article to know about CFA level 1 salary, top-paying companies, & best-paying jobs.

March 18, 2022

A CFA certificate can help you get into a variety of financial jobs, such as investment banking, corporate finance, and asset management. The CFA exam program consists of three levels: Levels I, II, and III. In this article, we’ll provide you with all information about CFA level 1 salary.

Let’s get started with our free CFA Level 1 practice questions to pass the exam with a high score on the first attempt.

What is CFA level 1 average salary?

cfa level 1 salary

CFA entry level salary

The average monthly income for an Entry Level CFA in the United States is $3,939 as of March 3, 2022. The majority of entry-level CFA salaries in the United States now vary from $2,750 (25th percentile) to $4,125 (75th percentile). The average income for an Entry Level CFA varies widely (by as much as $1,375), implying that there may be several prospects for promotion and higher pay depending on skill level, location, and years of experience.

Entry-level

$85000

Early career

$79136

Mid-career

$83810

Late career

$142500

Experienced

$142500

Based on 8 salaries, an entry-level Chartered Financial Analyst (CFA) with less than 1 year of experience can expect to make an average total salary of $85,000 (including tips, bonus, and overtime pay). Based on 29 salaries, the average total salary for an early career Chartered Financial Analyst (CFA) with 1-4 years of experience is $79,136. Based on 11 salaries, the average total salary for a mid-career Chartered Financial Analyst (CFA) with 5-9 years of experience is $83,810. Based on 7 salaries, the average total salary for a Chartered Financial Analyst (CFA) with 10-19 years of experience is $142,500. Employees with a late career (20 years or more) get an average total remuneration of $142,500.

Averages, on the other hand, don’t tell the whole story because CFA® salaries vary widely based on the job title. CFA® charter holders’ compensation often includes a base salary, performance-based bonuses, and some form of stock or profit-sharing. In comparison to other professionals in the banking industry, charter holders might earn a lot of money.

The following is a general formula for calculating total compensation:

Total Compensation = Base CFA Salary + Cash Bonus + Equity

According to the CFA Society, the average total salary for charter holders in the United States is over $300,000.

The median basic income for charter holders is around $180,000, with the rest made up of cash bonuses and stock or profit-sharing arrangements.

The following is a list of job types and their median total compensation:

Portfolio Manager (equities) 

$344,500

Chief Investment Officer

$316,600

Portfolio Manager (fixed income)

$253,250

Financial Analyst (corporate)

$80,930

Top highest paying cities for entry-level CFA jobs

cfa level 1 salary

In ten places, the average income for an Entry Level CFA job is higher than the national average. Santa Clara, CA is at the top of the list, followed by San Francisco, CA, and Fremont, CA, in that order. Fremont, CA, outperforms the national average by $7,646 (16.2%), while Santa Clara, CA, outperforms the national average by another $9,918 (21.0%).

Unfortunately, the job market for CFA Level 1 jobs in Santa Clara, CA is underperforming, making it harder to find work in this city.

With average salaries that are greater than the national average in these ten cities, the chances for economic progression as an Entry Level CFA appear to be plentiful.

Finally, the average pay in these top 10 cities differs only by 9% between Santa Clara and Santa Maria, underscoring the limited possibilities for wage development. When it comes to location and income for an Entry Level CFA position, the likelihood of a cheaper cost of living may be the most important thing to consider.

Santa Clara, CA

$57,182

$27.49

San Francisco, CA

$57,164

$27.48

Fremont, CA

$54,910

$26.40

San Jose, CA

$53,721

$25.83

Alexandria, VA

$53,324

$25.64

Oakland, CA

$53,139

$25.55

Tanaina, AK

$53,008

$25.48

Wasilla, AK

$53,008

$25.48

Sunnyvale, CA

$52,534

$25.26

Santa Maria, CA

$52,188

$25.09

Top 5 best CFA level 1 job salaries in the U.S.

We found at least five positions in the Entry-Level CFA category that pay more per year than the average salary for an Entry Level CFA. CFA Python, Senior CFA, and CFA are just a few examples of these positions.

Importantly, these positions pay between $47,875 (101.3%) and $62,929 (133.1%) more than the average Entry-Level CFA salary of $47,263. If you’re qualified, landing one of these related Entry Level CFA jobs could help you earn more money than the average Entry-Level CFA job.

CFA Private Equity

$95,138

$45.74

CFA FRM

$95,494

$45.91

CFA

$95,494

$45.91

Senior CFA

$99,221

$47.70

CFA Python

$110,192

$52.98

Is CFA worth it?

Even when the work experience aspect is removed, the average compensation rises dramatically as candidates proceed through the CFA Program.

Candidates who said they completed CFA Level 3 or are CFA charter holders received 53 percent more than those who said they passed CFA Level 1.

Candidates who completed CFA Level 1 saw a 29 percent increase in total remuneration in 2022, while candidates who achieved CFA Level 2 saw a 34 percent increase in total compensation. In terms of average income increment, there has been a shift in the job market, with passing CFA Level 1 and Level 2 being valued identically. This might be wonderful news for individuals who pass CFA Level 1 because the payback would be earlier and faster.

​Which financial industry pays the most on average?

cfa level 1 salary

Not surprisingly, candidates in finance-related industries out-earn their non-finance counterparts.

  1. Management consulting 
  2. Private wealth management 
  3. Fund management 
  4. Equity & fixed income research
  5. investment banking

Obviously, pay is only one factor to consider while considering a field. Your interests, work-life balance, and perks, among other things, are also important.

There is a 10% decline in average indexed salaries in the Investment Banking, Fund Management, and Accounting & Auditing sectors compared to our previous survey a few years ago.

This is most likely due to the profitability constraints and scrutiny that these three industries have received in recent years. It’s worth mentioning that remuneration in the banking industry is often volatile.

How to increase your CFA level 1 salary?

The secret to increasing your CFA® pay as a charter holder is to make yourself more valuable. Asking for increased responsibility, taking on a cross-functional position, mentoring junior team members, and enhancing your technical finance abilities are all examples of this. Become a team’s lynchpin and an irreplaceable member.

Furthermore, knowing the current wage market for your skill level and job function is usually advantageous. If you believe you are underpaid, or if you have a skill that increases your earning potential, don’t be afraid to ask for a raise at performance reviews. The goal is to demonstrate your worth via your work and to conduct a thorough study into the appropriate level of compensation for your expertise and skillset.

That’s all about CFA level 1 salary. We hope you can find all the information you need about the earnings of CFA level 1 charter holders in this article and can choose a suitable job in finance.

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