Welcome Guest ( Log In | Register )

Outline · [ Standard ] · Linear+

 CFA Certified - Salary, CFA Certified - Salary

views
     
TSdaniellife
post Jul 28 2016, 12:43 PM, updated 8y ago

New Member
*
Junior Member
17 posts

Joined: Sep 2015
Need advice here..

1) What is the salary for Malasyai if you get CFA certified in Malaysia?
2) What organization do you recommend to join?
WhiteFlag
post Jul 28 2016, 12:46 PM

On my way
****
Junior Member
522 posts

Joined: Jan 2008
cfa so?
Topace111
post Jul 29 2016, 05:14 PM

Look at all my stars!!
*******
Senior Member
2,102 posts

Joined: Feb 2008
QUOTE(daniellife @ Jul 28 2016, 12:43 PM)
Need advice here..

1) What is the salary for Malasyai if you get CFA certified in Malaysia?
2) What organization do you recommend to join?
*
You need to have 4 years of CF experience to be certified as member in the first place. Not many place to choose from mainly banks or financial institutions. It has to be relevant such as CF, treasury, asset management, research, et al. If you already have at least 4 years of experience, should be ranging from RM75k to RM100k per annum.
siew14
post Jul 29 2016, 05:17 PM

Enthusiast
*****
Senior Member
838 posts

Joined: Jan 2006
QUOTE(Topace111 @ Jul 29 2016, 05:14 PM)
You need to have 4 years of CF experience to be certified as member in the first place. Not many place to choose from mainly banks or financial institutions. It has to be relevant such as CF, treasury, asset management, research, et al. If you already have at least 4 years of experience, should be ranging from RM75k to RM100k per annum.
*
i think at least 10k bah, if you are chartered holder.
lulz.

4 years relevant exp , should push to about rm5-7k. 1 level additional 1k, easily 10k lar..
TSdaniellife
post Jul 29 2016, 05:44 PM

New Member
*
Junior Member
17 posts

Joined: Sep 2015
wah..it don't earn alot..
4 years CF experience ??
CF = ??

I thought pass the CFA L1-3 can earn more than 15k per month..

Win Win Inspiration
post Jul 29 2016, 08:41 PM

Look at all my stars!!
*******
Senior Member
2,708 posts

Joined: Nov 2012


QUOTE(Topace111 @ Jul 29 2016, 05:14 PM)
You need to have 4 years of CF experience to be certified as member in the first place. Not many place to choose from mainly banks or financial institutions. It has to be relevant such as CF, treasury, asset management, research, et al. If you already have at least 4 years of experience, should be ranging from RM75k to RM100k per annum.
*
The RM75k to RM100k per annum is only the basic and does not include the big bonus and perks right?
HawkreiN
post Jul 29 2016, 09:03 PM

Casual
***
Junior Member
341 posts

Joined: Jan 2011
Well, it's also about getting into a company that values your CFA. Wouldn't even matter otherwise!
ju146
post Jul 29 2016, 11:51 PM

Regular
******
Senior Member
1,537 posts

Joined: Nov 2008
QUOTE(daniellife @ Jul 29 2016, 05:44 PM)
wah..it don't earn alot..
4 years CF experience ??
CF = ??

I thought pass the CFA L1-3 can earn more than 15k per month..
*
You are expecting a company to pay you 15k per month because of that title, or because of your deliverables?
Corporate Finance
post Jul 30 2016, 02:38 PM

New Member
*
Junior Member
30 posts

Joined: May 2016
If u r asking these questions, u r not qualified to be in this field
xCM
post Jul 31 2016, 01:50 PM

On my way
****
Junior Member
506 posts

Joined: Oct 2010
From: 4:44 am
QUOTE(Corporate Finance @ Jul 30 2016, 02:38 PM)
If u r asking these questions, u r not qualified to be in this field
*
I agree with you.

1) When you have CFA charter and misc work experiences. 5 figure is easy. Provided you're competent.
2) Answer can be found at CFA website.
TSdaniellife
post Aug 1 2016, 12:16 PM

New Member
*
Junior Member
17 posts

Joined: Sep 2015
anyone CFA certified here?
Win Win Inspiration
post Aug 1 2016, 04:39 PM

Look at all my stars!!
*******
Senior Member
2,708 posts

Joined: Nov 2012


Back in 2012,2013 and 2014 Investment Banking was a super hot topic over here in the forum section.
fletcherwind
post Aug 1 2016, 05:19 PM

Getting Started
**
Junior Member
273 posts

Joined: Sep 2007
QUOTE(daniellife @ Jul 29 2016, 05:44 PM)
wah..it don't earn alot..
4 years CF experience ??
CF = ??

I thought pass the CFA L1-3 can earn more than 15k per month..
*
LOL. This is far from the reality... but I guess you don't have an insight, hence you have to ask here.

Let's not talk about 15k, 4 years corp fin experience with CFA charter might not even get you 10k. Assuming that your team is getting deals, maybe 10k a month if you include bonus?

There's no reason for any company to pay you 5 digit pay just because you have a title. Ultimately, your contribution to the company determines your pay.
tohff7
post Aug 1 2016, 05:28 PM

FF7 GOAT
******
Senior Member
1,559 posts

Joined: Mar 2008


Dude, if you think passing all CFA papers means you sure get a good and high pay job, you are dead wrong man. The qualification doesn't add much, if any at all. In the end, it's all about whether you can deliver and perform or not.

Maybe you should try and get Actuary professional paper. That 1 you really will see your value increase with every paper passed.
Win Win Inspiration
post Aug 2 2016, 11:11 AM

Look at all my stars!!
*******
Senior Member
2,708 posts

Joined: Nov 2012


QUOTE(tohff7 @ Aug 1 2016, 05:28 PM)
Dude, if you think passing all CFA papers means you sure get a good and high pay job, you are dead wrong man. The qualification doesn't add much, if any at all. In the end, it's all about whether you can deliver and perform or not.

Maybe you should try and get Actuary professional paper. That 1 you really will see your value increase with every paper passed.
*
True that the Appointed-Actuary makes almost millions of annual income?
Winter_
post Aug 2 2016, 10:12 PM

New Member
*
Newbie
4 posts

Joined: Oct 2015
QUOTE(daniellife @ Jul 28 2016, 12:43 PM)
Need advice here..

1) What is the salary for Malasyai if you get CFA certified in Malaysia?
2) What organization do you recommend to join?
*
The salary for CFA holders differs greatly according to the profession they are in. It is a definite door opener but as mentioned here, in the end it boils down to performance and not the piece of paper.

Aim to join the organization that is the market leader in your chosen line. As the saying goes, same shit different boat. May as well learn more and get better compensation while doing so.
Topace111
post Aug 3 2016, 11:35 AM

Look at all my stars!!
*******
Senior Member
2,102 posts

Joined: Feb 2008
To gain CFA experience, one needs to be either in asset management field, research, corporate finance or M&A. There are others but those highlighted are the popular examples. As these are specialised fields, the employers treasure direct working experience over professional qualifications like CFA. Unlike other fields, financial institutions are not very keen on giving staffs ample time to “experiment and learn”. Follow the ranking of matrix below (my own view) if you are applying for an interview:

1) No experience & no CFA: <10% chance
2) No experience & CFA: <25% chance
3) Have experience but no CFA: between 50% and 75%
4) Have experience and have CFA: higher than 75%

The CFA paper is just a professional cert; it doesn’t provide you any training or teaching you any skills unlike a Master or PHD. A CFA exam is just to certify your knowledge and experience. If you study CFA to get a new job (without the direct working experience), you will most probably get an entry level job. The difference is maybe you can apply to a more prestigious firm which may not be available to you earlier.

Speaking of salary, most banks are based on “low salary + bonus arrangement”. So it’s easier to adopt US way of looking at annual remuneration compared to UK’s weekly/monthly wages. It also depends where you work.


 

Change to:
| Lo-Fi Version
0.0166sec    0.45    5 queries    GZIP Disabled
Time is now: 29th March 2024 - 11:35 PM