Average Chartered Financial Analyst (CFA) Salary in Pakistan (2024)

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Average Chartered Financial Analyst (CFA) Salary in Pakistan? ›

The average chartered financial analyst (cfa) gross salary in Pakistan is Rs 2,722,386 or an equivalent hourly rate of Rs 1,309. In addition, they earn an average bonus of Rs 114,068. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Pakistan.

Expanding Up Career Prospects With CFA

Leading banks like MCB Bank, Habib Bank Limited, Allied Bank, and international companies like Engro are among those whose demand for CFA charter holders is constantly growing due to employers realizing these individuals' value.

The average salary of Chartered Accountants in Pakistan is Rs 80,000 to Rs 150,000 per month. The more experience you have, the more your salary increases.

A CFA Can Improve Your Salary

And on top of that, CFA candidates experience pay increases after passing each subsequent level, earning an average of 29% more after they pass Level I of the CFA exam and 34% more after passing the Level II exam. So, if you were wondering, “Is CFA Level 1 worth it?” It certainly is.

New York City, being the financial capital, offers the highest salaries, with CFAs earning 10-20% more than the national average. Entry-level salaries can start at $80,000, with senior roles exceeding $200,000.

According to CFA Institute's Public Directory, there are less than 500 hundred active CFA Charterholders in Pakistan. This makes it much more precious than other accounts professional qualifications.

The initial salary of an ACCA qualified is PKR 40,000 and with experience of 3 to 4 years, ACCA can earn up to PKR 120,000 per month in Pakistan. And a Chartered Accountant typically earns around 71 PKR and with experience, they can earn up to 100,000 to 300,000 in a month.

CFA Salary in USA depends on the work experience and job roles. The average salary of a Chartered Financial Analyst is USD 108,855 per year (INR 90.63 Lakhs Approx).

CFA earnings in India vary based on experience and level, with entry-level salaries around ₹7-12 lakh, mid-level at ₹13-25 lakh, and senior-level at ₹26-50 lakh+ per annum.

Is CFA or MBA better? ›

Traditional MBAs are broader than the CFA program, covering topics such as management, marketing, and strategy. The CFA program, on the other hand, provides deeper coverage of investment management. Ultimately, the decision on which one to pursue depends on what one's career goals in finance are.

CFA vs CPA difficulty

Or are the CPA exams harder than the CFA exams? As we've established when looking at the differences between the CFA and CPA exams, the breadth, depth and length of the CFA exams combined make the CFA exams a lot more challenging to undertake and pass than the CPA exams.

The most highly paid CFAs work as chief financial officers (CFOs) and earn about $152,000 per year. Portfolio managers earn about $109,000; senior financial analysts earn around $81,500; financial analysts earn about $65,500; and securities or investment analysts earn around $70,000.

The average starting salary of those with MBAs is around $97,000, while those with a CFA might see an average starting salary of $104,000.

Top Recruiters of Chartered Financial Analyst. Some of the Top Recruiters of CFA graduates in the country are J.P Morgan and Co., The Goldman Sachs Group, HSBC, Crisil, Credit Suisse, etc.

Singapore is the country that is popular for paying CFA's highest salaries, which could reach $70,000 per annum. India is also not far away in paying CFA lucrative salary packages like Rs. 20 lakhs to 35 lakhs.

The Chartered Financial Analyst (CFA) certification is one of Pakistan's most renowned qualifications for aspiring financial analysts. The CFA Institute provides this widely accepted qualification, which denotes competence in economic analysis and management of investments.

You must pass three exams to complete this certification, which takes two to three years to complete. To become a charter holder, you must complete 4000 hours or 36 months of work experience in addition to passing the CFA exams. You can begin your CFA course before completing the required amount of work experience.

5) ​CFA charterholders receive 53% more salary on average, even after taking into account work experience. In fact, there are some monetary upsides to taking the CFA exams. And you don't even have to wait until you become a CFA charterholder.