The financial industry in India continues to grow, and so does the demand for globally certified professionals like Chartered Financial Analysts (CFAs). Many students and professionals ask about the CFA salary in India per month as they plan their finance careers. On average, a CFA earns ₹50,000 to ₹150,000 per month in India, depending on level, experience, job location, and company. This article explains the earning potential of CFA holders in India across different stages, job roles, and cities while also covering various salary-impacting factors.
CFA Salary in India per Month
CFA salaries vary with levels, experience, and type of organization. Candidates must understand the monthly salary trends to plan their careers better.
Monthly Salary Trends Across CFA Levels
CFA professionals earn different salaries at various levels of their journey. A candidate who clears only Level 1 earns less compared to someone who clears all three levels. Candidates who complete all levels and become CFA charterholders command the highest monthly income.
| CFA Level | CFA Salary in India per Month in Rupees |
| Level 1 | ₹30,000 – ₹50,000 |
| Level 2 | ₹50,000 – ₹80,000 |
| Level 3 | ₹80,000 – ₹1,20,000 |
| CFA Charterholder | ₹1,20,000 – ₹2,00,000+ |
These numbers represent the CFA salary per month that professionals can earn in India. Companies also pay more to those who gain relevant experience, develop expertise, and show strong analytical skills.
Candidates preparing for CFA exams should clear all levels to reach the top of the CFA salary structure in India. A full CFA charter adds a decisive advantage over peers and improves job prospects significantly.
CFA Level-wise Salary in India: Level 1, 2, and 3
Every CFA exam level leads to a different earning level. Companies offer roles and salaries based on the candidate’s progress in the program.
CFA Level 1 Salary in India
Most candidates who pass Level 1 get junior-level roles in finance. The CFA level 1 salary in India ranges from ₹25,000 to ₹50,000 per month. These roles may include junior analysts, research assistants, or financial operations executives. The income remains lower at this stage as candidates still lack practical exposure and certification completion.
CFA Level 2 Salary in India
After completing Level 2, professionals move to mid-level analyst positions. The CFA level 2 salary in India usually ranges between ₹50,000 to ₹80,000 per month. This stage increases job opportunities as candidates show a more profound understanding of investment analysis and valuation techniques. Employers prefer CFA Level 2 candidates for roles like equity research, credit analysis, and corporate finance.
CFA Level 3 Salary in India
Candidates who complete Level 3 earn significantly higher salaries. The CFA level 3 salary in India usually falls between ₹80,000 to ₹1,20,000 per month. At this stage, many professionals also apply for charter holder status and gain senior positions in portfolio management or investment advisory.
Each CFA level brings new knowledge, responsibility, and salary. Candidates should prepare smartly and stay consistent to progress quickly through the levels.
Entry-Level CFA Jobs and Starting Salary in India
Freshers often wonder how much they can earn after passing CFA exams. Entry-level jobs offer lower salaries but build a strong base for growth.
Fresher CFA Salary in India and Job Types
Fresh graduates who complete Level 1 often apply for junior analyst positions. The fresher CFA salary in India ranges from ₹25,000 to ₹45,000 per month. These jobs allow candidates to understand practical finance work and prepare for higher roles. Many companies provide roles like financial data analyst, reporting assistant, and valuation support analyst to CFA freshers.
CFA Salary in India for Freshers with No Experience
The CFA salary in India for freshers depends on their academic background, communication skills, and domain knowledge. Commerce or finance graduates earn better compared to those with non-commerce backgrounds. Candidates must show strong interest and learning ability during interviews to secure decent packages.
The CFA starting salary in India may appear modest, but it improves rapidly with performance and additional CFA levels. Within 2–3 years, many freshers double their monthly income after gaining project exposure and client experience.
Starting early in CFA also gives more time to build skills and stand out in job interviews. CFA remains a substantial value addition to a fresher’s resume.
Top Cities Offering Highest CFA Salary in India
City location affects CFA salaries due to demand, cost of living, and presence of top companies. Some cities offer better roles and higher pay.
Cities with the Best CFA Salary in India
Big metros offer the highest CFA salary in India per month in rupees. Cities like Mumbai, Bangalore, Delhi, and Pune have top financial institutions, investment firms, and global banks. These cities also have higher living costs, but the career exposure they offer balances the extra expenses.
| City | CFA Monthly Salary (₹) |
| Mumbai | ₹60,000 – ₹1,50,000+ |
| Bangalore | ₹55,000 – ₹1,40,000 |
| Delhi NCR | ₹50,000 – ₹1,20,000 |
| Pune | ₹45,000 – ₹1,00,000 |
| Hyderabad | ₹40,000 – ₹90,000 |
| Ahmedabad | ₹35,000 – ₹70,000 |
The CFA monthly salary in India remains higher in cities with active investment and finance industries. Professionals also benefit from learning opportunities, client exposure, and networking in these regions.
Candidates planning their CFA careers should move to top cities to get better offers. Relocating for the right job can help in long-term career growth and increased income.
CFA Salary vs CA Salary in India
Many students compare CFA and CA while choosing their finance careers. Both have value, but salaries differ by role and market demand.
CFA vs CA Salary in India
The CFA vs CA salary in India varies based on qualification level, domain, and company. A CA works in accounting, auditing, and taxation. A CFA works in investment analysis, portfolio management, and equity research.
| Profession | Starting Salary (Monthly) | Mid-Level Salary | Top-Level Salary |
| CA | ₹30,000 – ₹60,000 | ₹80,000 – ₹1,20,000 | ₹1,50,000+ |
| CFA | ₹30,000 – ₹60,000 | ₹90,000 – ₹1,40,000 | ₹2,00,000+ |
The CFA US salary in india often exceeds that of a CA in senior roles due to international exposure and asset management roles. CA remains best for those interested in accounting or tax, while CFA is ideal for finance and investment roles.
Professionals must choose based on interests, job roles, and long-term goals. Combining both qualifications may lead to even higher pay and broader job options.
Factors That Affect CFA Salaries in India
Many elements influence how much a CFA earns. Understanding these helps candidates improve their profiles and aim for higher pay.
Main Salary-Influencing Factors
Several factors determine the CFA average salary in India. These include:
- CFA Exam Level Cleared: Higher levels mean more knowledge and credibility.
- Work Experience: Senior roles require proven industry experience.
- City Location: Tier-1 cities offer higher pay.
- Company Size and Type: MNCs, banks, and asset management firms pay more.
- Skill Set: Excel, financial modelling, communication, and industry knowledge improve salary chances.
The CFA analyst salary in India also varies by industry. Investment banking, portfolio management, and private equity offer better pay than back-office roles.
Candidates must build skills and pursue relevant internships to improve earning potential. CFA salary increases with continuous learning and real-world exposure.
CFA Salary in India Per Month FAQs
1. What is the CFA average salary in India per month?
The CFA average salary in India per month ranges between ₹50,000 and ₹1,20,000, depending on level and experience.
2. What is the CFA salary in India after an MBA?
Professionals with both MBA and CFA can earn between ₹1,00,000 to ₹2,50,000 per month, especially in senior roles or asset management firms.
3. What is the CFA’s highest salary in India?
The cfa highest salary in India can cross ₹3,00,000 per month in leadership roles or investment funds with 8–10+ years of experience.
4. What is the CFA charterholder salary in India?
A CFA charter holder earns ₹1,20,000 to ₹2,50,000 per month, depending on location, skills, and company.
5. Where can I find CFA salary in India Quora reviews?
Search for “cfa salary in India quora” on Quora to read discussions from CFA professionals sharing real salary experiences.
