CFA Average Salary In The UK: Overview, Scope & Benefits

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Summary

  • This blog provides sufficient information for Aspirants looking forward to a CFA career in the United Kingdom
  • All necessary details like an overview, salaries, opportunities and perks are discussed in detail here

The average annual CFA Salary In UK can range anything from 28,200 GBP to 78,750 GBP. It may vary depending on various parameters like skills, work profile, location, and level of experience. In addition, the average net salary of a Chartered Financial Analyst is 2,770 GBP per month which is 47% higher than the UK’s national average salary. If you are looking for an overview of a CFA career and salary in the UK, this blog will provide you with all the necessary information. 

Average Salary of CFA Based on Skills

Like any other career, the salary of a CFA depends on the set of skills one has. You will get your work profile based on your skillset. Different work profiles have different salary scales. General work profiles of a CFA include –

  • Portfolio Management
  • Research Analyst
  • Chief Executive
  • Consultant
  • Relationship Manager
  • Corporate Financial Analyst 
  • Risk Manager
  • Investment Banking Analyst

The table below depicts the average salary of the different work profiles.

Work Profile Average Salary (GBP)
Portfolio Management 42,742
Research Analyst 34,174
Chief Executive 55,402
Consultant 43,949
Relationship Manager 48,413
Corporate Financial Analyst 43,600
Risk Manager 62,584
Investment Banking Analyst 55,563

Average Salary of CFA Based on Location

The location has a great impact on an individual’s salary in terms of any career path. The salary of a CFA also depends on the institution he or she graduates from, considering the expenses and standard of living. 

The following table will give you an idea of how location can affect the average salary of a Chartered Financial Analyst in the UK. 

Location Average Salary (GBP)
London 74,288
Birmingham 51,979
Manchester 52,004
Glasgow 54,183
Leeds 33,047
Liverpool 32,841
Newcastle 31,288

Average Salary of CFA Based on Experience

In any career path, experience has a great influence on one’s salary structure. With the growing experience in a particular field, you can see a significant increment in the salary scale. There are levels of experience in one’s career, starting from entry-level to expert level. 

The table below will provide an idea of how your salary structure can change with your level of experience.  

Level of Experience Average Salary (GBP)
Entry Level 28,200
Early Career 37,500
Mid Career 46,650
Late Career 63,700
Experienced 78,750

Scope of a Chartered Finance Analyst in the UK

Can a Charterholder get a decent job in the United Kingdom? The answer is ‘Yes’. You can get a decent job at one of the leading MNCs recruiting Financial Analysts for various roles, but that would require the right guidance and academic history. 

People tend to be more interested in whether you studied at Oxford or Cambridge than whether you are a Chartered Financial Analyst. But the average CFA Salary In UK is still higher than many other job profiles in the market. 

It would help if you got yourself into a good university to land a decent job in the UK in leading MNCs like J. P Morgan Chase & Co., Baillie Gifford, Morgan Stanley, The Goldman Sachs Groups, Inc., Bloomberg LP, Ernst & Young and there are few others. 

If you have doubts about pursuing your career as a CFA in the UK, you should keep reading to find your answer.

Benefits Enjoyed by Chartered Finance Analyst

Even if it is not an easy task to become a CFA in the UK, once you land on the field, you can enjoy several benefits and perks of being a Charterholder. 

Some of the benefits are discussed below.

Prestigious Job Prospect

No matter what you put on your resume in today’s market, it cannot guarantee you a job. But this title will increase your finance credentials. Any other professional certificate cannot provide the same value for an analyst or asset manager.

This can be your golden ticket to landing your dream job in one of the prime investment and asset management companies. 

Globally Recognised 

CFA Institute has a global network of around 135,000 investment professionals. Upon completing the CFA program, you become a member of the CFA Institute, which has excellent global networking opportunities. In addition, you will be eligible for great career opportunities worldwide. 

Also, as the CFA charter is globally recognised, many countries have partially or wholly waived requirements as licensed professionals, mostly in investment and trading.

Comparatively Affordable

When it comes to globally recognised and valued courses, it becomes burdensome to pursue them. But a CFA charter is arguably more affordable than some esteemed MBA degrees. 

Additionally, you can pursue your CFA career while working. CFA studies don’t require you to fully invest your time, unlike some typical MBA programs. 

Perks of Living in the UK as a CFA Professional

Moving to another country, even bigger, another continent for a career is never an easy decision to make. The United Kingdom is full of alluring opportunities, and there is no need to mention the beauty of its natural surroundings. But those are not enough to make this decision and move out of one’s home comforts. 

So, here are some perks of living in the UK as a working professional to convince you to make or break your decision.

Financial Benefits

If you’re from any other state than the United States, earning in pounds will definitely improve your financial situation. In addition, if you make a decent salary, you will have an improved lifestyle and earn more than in your home country. 

Permanent Residency

If you’re working for more than five years in the UK, you can apply for permanent residency. This will allow you to work and live anywhere in the UK without the need for a VISA. Also, you can bring your family to stay with you. 

Social Security Benefits

There are some social security benefits offered to an employee in the UK having a social security number. Some of them are National Insurance, National Health Services, Child Benefit and Child Tax Credit, etc. 

Besides these, being a place of culture, UK employees also enjoy 48 working hours per week and 40 paid leaves per year. These should make you feel secure enough to take a positive decision for a career if the average CFA Salary In UK already has not. Contact Leap Counsellors now! 

Average CFA Salary In USA 2022

Frequently Asked Questions

1. How much time does it take to complete a CFA course?

Ans. The duration of a CFA course can last from 1.5 to 4 years, depending on the levels you complete. Further, this course program is designed for experienced finance professionals who aspire to take their careers to the next level or reach the gold standards in finance.

2. Is CFA more valuable in the USA or UK?

Ans. Considering the scope and the jobs available, a CFA can get a better package in the USA, but if it comes to the stability of a CFA career, the UK is the option you should go for. In the UK, they can earn an average annual salary of GBP 43,000 which can increase with experience and exceed the annual earning of GBP 75,000.

3. How much does a CFA earn in London?

Ans. On average, the annual gross salary of a chartered financial analyst in London is around GBP 74,300 which is 27% higher than the average annual salary of a CFA in the UK, which is around GBP 57,000. This evaluates to an average hourly salary of GBP 36 in Lo

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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.