00:00I'm planning to do CFA. The CFA Institute tells us that CFA Charter Holders earn up to 45 LP in
00:06India.
00:07Yeah, so it is a scam no one tells you about. To become a CFA Charter Holder and start earning,
00:13you need to clear all three levels.
00:15And I know it's a bit tough, hence I didn't try it.
00:18You see, don't be like this guy. He's the one we often refer to when we use phrases like,
00:25half information is dangerous. What is spoke is half true.
00:29To become a CFA Charter Holder, you definitely need to clear all three levels.
00:34But to start earning, you can do that even after clearing just level one.
00:39Look, 90% of finance students get this one thing wrong about CFA.
00:43They think you need to complete all three levels to see your career benefits, which is far from reality.
00:49And this single misconception causes many students to delay their CFA journey.
00:53Sometimes they avoid it altogether because of this misconception, missing out on the immediate opportunities that each level provides.
01:01The point here is that CFA Institute itself divides the certification into three levels for a strategic reason.
01:09It's because each CFA level unlocks distinct career opportunities.
01:13Even level one and level two can open doors to a great career in global finance with salaries that will
01:19surprise you.
01:20In this video, I'll share the exact salary potential after each CFA level from the immediate impact of level one
01:27to the executive opportunities of level three.
01:30CFA level one.
01:31When you pass CFA level one, it immediately signals to the employers that you are serious about finance and have
01:38foundational knowledge in corporate finance, capital markets, economics, financial statement analysis and portfolio management.
01:45Suppose you are at a family dinner and your uncle says, I'm thinking of buying Jomato's stock because Dipinder Goyal
01:51is cool.
01:51A CFA level one candidate is like the person who has just learned a new language.
01:56They can now read the financial statements and say, wait, let's look at Jomato's P ratio, check their balance sheet
02:03and see if the stock price actually makes sense compared to their earnings or not.
02:10They can calculate things like, is this company overpriced or what's the real rate of return on this investment after
02:17accounting for risk and much more.
02:19Level one candidates typically see salary increase of 20 to 40% if they are currently working.
02:25And fresh graduates can start at 8 to 12 lakhs annually in analyst positions compared to 2 to 3 lakhs
02:32for regular BCom or BBA graduates.
02:36Experienced professionals often get promoted or transition to better roles with packages ranging from 10 to 12 lakhs per annum.
02:42Clearing level one opens doors to research analyst positions at brokerage firms, financial analyst roles in investment companies, junior portfolio
02:51analyst positions in mutual funds and credit analyst roles in banks and NVFCs.
02:56Many global investment firms seek level one candidates especially for their trainee programs.
03:02If you plan to work globally, level one candidates earn 45 to 65 thousand US dollars in entry level positions
03:09in the US and 25 to 40 thousand sterling pounds in the UK.
03:13The key insight is that level one alone makes you eligible for global finance roles that regular BCom or BBA
03:20graduates cannot access.
03:22Next comes the CFA level two, the gateway to portfolio management and investment banking.
03:27CFA level two is where you stand out in the job market.
03:31This level places a strong emphasis on asset valuation, portfolio management, valuations, financial analysis, making you eligible for senior analytical
03:41and portfolio management roles.
03:43Let's understand what people who cleared CFA level two actually do.
03:48Suppose you have a very rich friend like Phil DeRidge who inherited 5 crore rupees from his family and now
03:54wants to invest that money somewhere.
03:55He trusts you with his money because you have cleared CFA level two.
03:59As a level two professional, you will dig deep and analyze investment channels for your friend where you can earn
04:05him maximum returns.
04:07Maybe you will analyze two similar restaurant chains and say company A looks cheaper on paper, but company B is
04:14actually undervalued because they are using different accounting methods for their franchise revenues.
04:19And when you adjust for that, company B is a way better buy.
04:24A CFA level two candidate can spot when companies are using accounting tricks, compare companies across borders dealing with different
04:32currencies and standards, and build detailed financial models.
04:36They are like detectives piecing together clues to find the real story behind the numbers.
04:41Clearing CFA level two typically results in 50 to 20 lakhs per annum packages for experienced professionals with some reaching
04:4825 lakhs in premium roles.
04:51First graduates with level two can start at 12 to 16 lakhs per annum, significantly higher than level one starting
04:57salaries.
04:58Clearing this level unlocks roles such as senior research analyst, portfolio analyst, fund manager, equity research associate positions in asset
05:07management companies and investment banks.
05:10Many portfolio management companies prefer CFA level two candidates for client facing roles.
05:14Level two professionals also have ample opportunities internationally where they can earn between 60 to 90 thousand US dollars in
05:22the US and between 35 to 55 thousand sterling pounds in the UK.
05:26Professionals have literally built successful careers with just a level two certification, especially in areas such as portfolio analysis, equity
05:34research and investment consulting.
05:36And finally, let's move on to CFA level three.
05:39CFA level three completion and charterholder status represents the gold standard of investment management credentials, opening doors to senior leadership
05:49roles.
05:50Imagine your neighbor is 35 years old, has two kids, wants to retire at the age of 50.
05:56He wants your help.
05:57So now as a CFA level three professional, you will sit down with him and help him design his financial
06:03life.
06:04You will say, okay, you need almost 30 lakh rupees for your children's college fees in three years.
06:10You can handle moderate risks and need an income of two lakh rupees per month after retirement.
06:16You will make a custom financial plan for him like allocating 40% money in bonds for college fees, 50
06:21% in diversified stocks for growth, 10% in alternative investments.
06:26CFA level three professionals specialize in advanced portfolio management, asset allocation and wealth planning.
06:32They create custom investment strategies for real people or institutions like pension funds, asset management companies, etc.
06:41Handling the messy reality of this client panics when market drop or this foundation or institution needs 5% income
06:49yearly but can't lose principal.
06:51CFA charter holders with senior positions can earn around the range of 40 to 75 lakhs per month.
06:58Portfolio managers and chief investment officers often earn up to 1 crore annually depending on assets under management and performance.
07:07Clearing level three opens positions like chief investment officer role in asset management companies, private equity firms or head of
07:16treasury or fund manager, etc.
07:17Many charter holders also launch independent investment advisory practices.
07:24Internationally, CFA charter holders earn 90,000 to 2 lakhs US dollars in the US and 90,000 to 1
07:31lakh 50,000 sterling pounds in the UK.
07:33The CFA charter carries significant prestige and credibility.
07:37Here is how you should strategically approach your CFA journey based on career goals.
07:42If you want an immediate career boost, focus on CFA level 1 and start applying for market analyst roles.
07:50Don't wait, the market recognizes level 1 value immediately.
07:54If you are targeting portfolio roles, level 2 should be your priority.
07:58The valuation and analysis skills make you highly competitive for portfolio related positions.
08:04If you are aiming for senior leadership, complete all three levels.
08:09But remember that each level provides immediate career benefits along the way.
08:13The biggest mistake you can make is waiting to start your CFA journey until you are ready to complete all
08:19three levels.
08:20Your CFA journey should align with your career timeline, not some arbitrary completion goals.
08:27After listening to all this, if you wish to pursue the CFA certification, why not pursue it with the best?
08:32Other providers might just teach you, but our CFA certification program in collaboration with KPMG in India gives you industry
08:40aligned training through real world scenarios.
08:43Something which employers essentially require in today's employees.
08:47Don't wait, click the form in the description, pick the CFA certification and connect with our expert counsellors for further
08:54guidance.
08:55Remember, your investment career doesn't need to wait for charter completion.
08:59It can start with the very first level.
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