CFA Salary in UK 2024: Best Jobs, Extra Pay & More

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If you’re considering a career in finance, specifically as a Chartered Financial Analyst (CFA), it’s natural to wonder about the salary prospects and overall job market in the UK. In 2024, the CFA salary in UK is expected to remain highly competitive, offering excellent financial rewards for those pursuing this profession. 

The combination of rigorous training, expertise in financial analysis, and a strong understanding of investment have positioned CFAs as highly sought-after professionals in the finance industry. Alongside a handsome base salary, CFAs often enjoy additional pay in bonuses, commissions, and profit-sharing. 

This article explores the best job opportunities for CFAs in the UK, sheds light on the potential extra income they can earn, and provides valuable insights into the overall landscape of the CFA job market. So, if you’re looking for a lucrative and rewarding career in finance, keep reading to discover more about the growth and prospects of CFA salary UK for 2024.

Job Opportunities for CFA in the UK

In the UK, excellent job opportunities exist for individuals with the CFA designation. As a CFA, you can find positions in various financial industry sectors, such as investment banking, asset management, hedge funds, private equity, and portfolio management.

With the CFA qualification, you can pursue roles like financial analyst, investment manager, risk manager, research analyst, or wealth advisor. These positions allow you to analyse financial data, make investment decisions, manage portfolios, and provide guidance to clients or organisations.

The demand for CFAs in the UK is high as employers value their expertise in financial analysis and investment management. You can expect to work with prestigious financial institutions, multinational corporations, or investment firms with a presence in the country. It opens opportunities to work with high-profile clients and tackle complex economic projects.

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CFA Salary in UK 2024: Best Jobs, Extra Pay & More
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Requirements and Qualifications for CFA in the UK

To become a UK CFA, you must fulfil specific requirements and qualifications. These include:

1. Education: You should have a bachelor’s degree or an equivalent qualification recognised by the CFA Institute. While no specific undergraduate courses are required, a finance, economics, or business background can be advantageous.

2. CFA Program: You must complete all three levels of the CFA Program administered by the CFA Institute. It includes passing exams covering ethics, financial reporting, investment analysis, and portfolio management.

3. Membership: Upon completing the CFA Program and meeting the work experience criteria, you need to become a member of the CFA Institute and subscribe to its code of ethics and professional conduct.

Obtaining the CFA designation demonstrates your commitment to learning, ethical conduct, and expertise in financial analysis. It helps enhance your credibility and opens doors to exciting career opportunities in the finance industry in the UK.

CFA Salary in UK: A Comprehensive Analysis

The analysis will thoroughly comprehend the average CFA salary in the UK and the variables influencing it. Let’s look at the average CFA salary in UK and what makes their pay change.

The Average CFA Salary in UK

In the UK, CFAs generally enjoy a favourable income, on average. However, it may fluctuate due to numerous factors, including the extent of training acquired, the specific area of expertise within the industry, and the geographical location of their employment, among other considerations.

According to the latest data gathered in the UK, it has been found that a CFA who has completed their full training earns an average annual income of approximately 45 lakhs INR. This figure indicates that pursuing a career as a CFA in the UK can be a lucrative opportunity to make a good living.

What are the Factors that Impact CFA Salary in UK?

Various factors can influence the CFA salary in UK. Here are a few key factors that can impact your CFA salary:

1. Work Experience: The amount and quality of your work experience as a CFA can significantly impact your salary. More years of experience in financial analysis and related roles can lead to higher compensation.

2. Industry and Sector: The industry you work in and the sector you specialise in can affect your CFA salary. For example, working in investment banking or asset management might offer more lucrative salary packages than other sectors.

3. Geographic Location: Where you work can impact your CFA salary. Major financial centres such as London offer higher wages due to increased demand and competition for skilled professionals.

4. Company Size and Reputation: The size and reputation of your company can influence your CFA salary. Larger firms and those with a strong reputation in the financial industry often offer higher compensation packages to attract and retain top talent.

5. Market Demand and Economic Conditions: The demand for CFAs and the overall state of the economy can impact your salary. With high market demand for CFAs and a strong economy, wages are more likely to be favourable.

CFA Salary in UK by Work Experience

The CFA salary in the UK varies based on your work experience. As you gain more field experience, your salary will likely increase. The more time you spend working in the finance industry and the more skills you acquire, the higher your pay will probably be.

The amount your salary increases with experience can differ from one employer and job role to another. It’s important to remember that these increases are not guaranteed and can be influenced by factors like the financial stability of your company, the current market conditions, and the demand for CFAs. However, gaining experience in the field generally enhances your ability to earn more money.

The table below showcases the CFA salary in UK based on work experience.

Work ExperienceCFA Salary in UK (INR/per annum)
Entry-level~ 30,00,000 to 45,00,000
1-3 years~ 45,00,000 to 60,00,000
3-5 years~ 55,00,000 to 75,00,000
5-10 years~ 70,00,000 to 95,00,000
10+ years~ 90,00,000 to 1,50,00,000
Source: CFA UK Career Opportunities

CFA Salary in UK by Industry/Sector

CFA salary in UK can vary significantly depending on the industry or sector in which they work. The finance industry as a whole typically offers higher wages compared to other sectors. It is primarily due to the complex and demanding nature of the finance industry and the level of skill and expertise required to excel in this field.

  • Investment banking: Clients receive advice from investment bankers on various matters. These professionals often work long hours and are involved in high-pressure situations, reflected in their higher salary packages.
  • Private equity: To obtain an ownership stake, private equity firms offer financial resources to privately owned companies. CFAs in this sector often play a crucial role in evaluating potential investment opportunities, conducting due diligence, and monitoring the performance of portfolio companies.
  • Hedge funds: The managers manage investment portfolios that aim to generate high returns by utilising various investment strategies. Due to the performance-driven nature of hedge funds, CFAs can earn substantial bonuses when their investment strategies outperform the market.
  • Consulting industry: CFAs play a vital role in providing financial advice and analysis to clients in various industries. Their expertise in financial modelling, valuation, and risk management is highly valued in this sector.
  • Management Industry: Asset managers oversee investment portfolios for institutional and retail clients. These professionals make investment decisions based on in-depth research and analysis, and their performance is measured by the returns they generate for their clients. 

The table below showcases the CFA salary in UK based on industry/sector.

Industry/Sector  CFA Salary in UK (INR/per-annum)
Investment Banking~ 80,00,000 to 1,20,00,000
Asset Management~ 60,00,000 to 1,00,00,000
Hedge Funds~ 70,00,000 to 1,30,00,000
Private Equity~ 80,00,000 to 1,50,00,000
Consulting~ 70,00,000 to 1,20,00,000
Insurance~ 50,00,000 to 80,00,000
Pension Funds~ 60,00,000 to 90,00,000
Commercial Banking ~ 50,00,000 to 90,00,000
Financial Advisory~ 60,00,000 to 1,00,00,000
Source: CFA UK Career Opportunities

CFA Salary in UK by State or Region

The salary for CFA in UK can vary depending on the state or region where they are employed. Numerous geographical factors can impact the salary levels of CFAs in the UK. 

These factors include the disparity in living costs, demand and supply of CFAs in a specific area, competition among financial firms, and the concentration of financial institutions or major cities in a particular region.

The table below showcases the CFA salary in UK based on state or region.

State/RegionCFA Salary in UK (INR/per-annum)
London~ 80,00,000 to 1,30,00,000
South East~ 60,00,000 to 95,00,000
North West~ 50,00,000 to 85,00,000
Scotland~ 55,00,000 to 90,00,000
South West       ~ 45,00,000 to 80,00,000
Midlands~ 50,00,000 to 85,00,000
East of England~ 50,00,000 to 80,00,000
Yorkshire & Humber~ 45,00,000 to 80,00,000
North East~ 40,00,000 to 70,00,000
Wales  ~ 40,00,000 to 70,00,000
Source: CFA UK Career Opportunities

What are the Geographical Factors Influencing CFA Salary in UK?

Here are the geographical factors influencing CFA salary in UK:

  • Cost of Living: Areas with higher living costs tend to have higher wages to offset the increased expenses. Cities like London and Edinburgh, which have a high cost of living, often provide higher salaries to CFAs compared to other regions where the cost of living is relatively lower. 
  • Demand and Supply: If the need for CFAs surpasses the reserve in a region, it increases the bargaining power of CFAs and may lead to higher compensation packages.
  • Level of Competition: The level of competition among financial firms in a specific region is another critical factor in determining CFA salaries. In areas where numerous financial institutions are concentrated, CFAs may benefit from higher wages due to the increased competition for their skills and expertise.
cfa salary in uk
The average CFA salary in UK is 45 lakhs INR.

CFA Salary in UK vs. India

In the UK, CFAs earn more money than CFAs in India. The amount of money a CFA makes in the UK depends on their speciality, experience, and work location. Their yearly salary can range from INR 45 lakhs approximately.

In contrast, CFAs in India generally earn lower salaries. Their income also depends on similar factors, ranging from INR 6 lakhs to INR 10 lakhs annually.

The table below showcases the CFA salary in UK vs India based on work experience.

Position LevelCFA Salary in UK (INR/per-annum)CFA Salary in India (INR/per-annum)
Entry Level~ 30,00,000 to 45,00,000~ 3,00,000 to 6,00,000
Mid-Level~ 55,00,000 to 75,00,000~ 6,00,000 to 10,00,000
Senior Level~ 90,00,000 to 1,50,00,000~ 10,00,000+ 
Source: CFA UK Career Opportunities, CFA Salary in India

What factors Influence the Difference in CFA’s Pay?

When comparing the CFA salary in UK and India, there are a few essential factors to consider. 

  • The cost of living in the UK is generally higher than in India. It means that salaries in the UK are usually higher to accommodate the increased expenses. Therefore, CFAs in the UK tend to earn more than those in India.
  • Additionally, the job market for CFAs in the UK is often more competitive than India’s. The UK has a more significant finance industry, which results in a greater demand for CFAs.
  • Moreover, a CFA’s level of experience and expertise can significantly affect their salary, regardless of the country. Generally, CFAs with more experience and knowledge in their field tend to earn higher wages. 

Wrapping Up

CFAs from India may find the benefits offered to CFAs in the UK a tempting career choice. The salary for CFAs in the UK is also attractive because it provides financial security, opportunities for personal and professional growth, and exposure to different cultures.

While considering moving to a new country, carefully considering the difficulties involved is essential. Understanding practical aspects, such as a strong English language command, is also crucial.

In the end, Indian CFAs who are dedicated, passionate, and open-minded will have the best chance of taking advantage of the opportunities that the UK offers for their careers.

Make the most of the possibilities, overcome the challenges, and embrace the diversity that awaits you!

Frequently Asked Questions

  • Q. Is it common for Indians in the UK to pursue CFA jobs?

    A. While it may not be the most common choice, there is a growing number of Indians in the UK who choose to pursue CFA jobs. The CFA qualification is highly respected globally, making it an attractive option for individuals seeking career growth and global recognition. However, it is worth noting that the number of Indians pursuing CFA jobs may still be relatively small compared to other professions.

  • Q. Are CFA jobs in the UK dominated by Indians?

    A. No, CFA jobs in the UK are not dominated by Indians. The financial industry in the UK is diverse, with professionals from various backgrounds working in multiple roles. While there may be a significant presence of Indian professionals in specific sectors or firms, it is not accurate to say that Indians dominate the CFA job market in the UK.

  • Q. Are Indians paid differently in CFA jobs than other nationalities in the UK?

    A. In general, salaries in CFA jobs in the UK are based on skills, experience, and job performance rather than nationality. Wage discrimination based on nationality is not legally permitted. Therefore, Indians working in CFA jobs in the UK do not face any inherent salary differences solely based on their nationality. However, individuals must negotiate salaries based on their qualifications and market value.

  • Q. Are CFA jobs in the UK highly competitive for Indians?

    A. CFA jobs in the UK can be competitive for individuals from all backgrounds, including Indians. The financial industry in the UK is one of the most competitive in the world, and candidates are often assessed based on their skills, qualifications, and experience. While being Indian may not directly impact competitiveness, candidates must showcase their abilities and stand out in the job market to increase their chances of securing a CFA job.

  • Q. Do Indians face any specific challenges in finding CFA jobs in the UK?

    A. Like any other foreign professional, Indians may face a few challenges in finding CFA jobs in the UK. Some challenges include differences in work culture, competition from local and international candidates, and the need to establish a network in the industry. However, with the right qualifications, skills, and determination, Indians can overcome these challenges and find opportunities in the thriving UK financial sector.

  • Q. Are CFA jobs in the UK accessible to Indians with Indian qualifications?

    A. Yes, CFA jobs in the UK can be accessible to Indians with Indian qualifications. The CFA Charter is a globally recognised qualification, and employers in the UK value it highly. While having UK-specific qualifications or work experience may be advantageous, individuals with Indian qualifications can still be considered for CFA jobs based on their knowledge, skills, and the reputation of the CFA program.

  • Q. Are CFA salaries in the UK sufficient for Indians to live comfortably?

    A. The salaries for CFA jobs in the UK depend on the individual’s experience, the role, and the location. While CFA salaries are generally competitive, considering the high living costs, such as rent, taxes, and daily expenses, especially in cities like London, is essential. Individuals should carefully plan their finances and assess their circumstances to ensure that CFA salaries meet their needs and expectations.

  • Q. Do Indians in CFA jobs in the UK face any cultural differences or biases?

    A. While cultural differences may exist, the UK is known for its multicultural environment and diversity in the workplace. Generally, individuals from different cultural backgrounds, including Indians, are accepted in CFA jobs in the UK. However, it is essential to respect and adapt to the local work culture, communicate effectively, and build rapport with colleagues to ensure a positive and inclusive work experience.

  • Q. Can Indians in CFA jobs in the UK face challenges with work visas or immigration?

    A. Obtaining work visas or immigration status in the UK can be a complex process for any foreign professional, including Indians working in CFA jobs. Individuals may need to meet specific requirements set by the UK government, such as having a valid job offer, meeting certain skill levels, and satisfying immigration criteria.

  • Q. Are there specific networking groups or communities for Indians in CFA jobs in the UK?

    A. Yes, various networking groups and communities in the UK cater to professionals of Indian origin, including those in CFA jobs. These groups offer networking opportunities, career advice, and a supportive community to help individuals connect with like-minded professionals. Exploring online platforms, attending industry events, and joining professional associations can assist Indians in building a solid network within the CFA community in the UK.

  • Q. Are there any stereotypes or misconceptions about Indians in CFA jobs in the UK?

    A. While stereotypes or misconceptions may exist, it is essential to remember that individuals should be evaluated based on their skills, qualifications, and work performance rather than preconceived notions. The financial industry in the UK values meritocracy, and employers prioritise competence and professionalism. By excelling in their roles and showcasing their abilities, Indians in CFA jobs can debunk stereotypes or misconceptions others hold.

  • Q. Can Indians in CFA jobs in the UK progress to leadership positions?

    A. Yes, Indians in CFA jobs in the UK can progress to leadership positions. The financial industry in the UK offers a range of career growth opportunities, and individuals with strong skills, experience, and ambition can advance to leadership roles. By continuously learning, developing their expertise, and demonstrating leadership qualities, Indians in CFA jobs can forge a successful career path and take on senior positions within the industry.

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Saket Kohli

An International Higher Ed professional with 7+ years of experience studying, working, and living across three geographies, currently on a mission to share his journey as an International Student.

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