In lieu of the various threads discussing benefits and reasons regarding everyone’s quest to obtain the charter, I’m interested in a distribution of total compensation amongst the candidates. Please feel free to share 2009 total comp or 2010 expected total comp. 0-100k 100k-200k 200k-300k 300k-400k >400k
hahahahah you’re buckets need to be more narrow towards the bottom end. My guess is you have 75% answer 0-100k But put me down for that one!
What currency is this in?
HAHA Very optimistic…
ooooooo it’s in Yen… that makes way more sense.
http://www.nyssa.org/Content/NavigationMenu/aboutnyssa/aboutnyssamembers/default.htm I expect a 20-40% discount for AF members. Average Annual Salary % of total membership 175,000-190,000 39% 50,000-175,000 17% 190,000-220,000 8% 300,000-500,000 3% Undisclosed Senior Partner and CEO Salary 33%
USD
http://www.ehow.com/about_5491533_cfa-average-salary.html gives some information… obviously there are a lot of variables, including where you live. $50k would not be much in NYC, but could be a nice salary in middle-of-nowheresville. I have never seen any conclusive, bias-free study showing CFAs (or candidates) get paid more than non-CFAs, all else equal. However, one would assume that the designation probably affords some additional job security, and possibly higher pay, based on the general relationship between education level, unemployment rate, and salaries: http://www.bls.gov/emp/ep_chart_001.htm Also, your categories are nuts, especially given the state of the financial sector of the US economy. Many people were laid off (so more competition for jobs has driven salaries down), many companies have cut compensation and benefits, and there has been a deflationary economic environment! In addition, candidates are typically early in their careers and, as others have noted, most will likely fall in the $0 - $100k range. Finally, “pawn” I am somewhat suspicious of your motives. You have started two threads, basically attempting to gather demographic data (education, salary) on CFA candidates. Why? Who are you gathering this data for? Just whose “pawn” are you, exactly?
cues X Files theme music…
wow I’d be happy just to get out of the first category…
Rob, I am merely interested in these demographic statistics, given the general competitive nature and impressive backgrounds of those involved in obtaining any designation. From what I gather so far, it seems that CFA candidates are hesitant to report both their true education and salary at least on a message board, for whatever reasons, all of which do not concern me. Perhaps a more official survey would be a more effective approach, possibly something the CFA Institute, Schweser, or Stalla could administer. Also, my mistake for assuming most CFA candidates especially in this level 3 forum, although young, are already in the industry as 2nd or 3rd year analysts/associates on the sell side or buy side. Under this assumption, I created those categories of total compensation. Anyone with more knowledge of the matter, please feel free to share the true compensation ranges of the majority of CFA candidates.
Given that information, and reading all of your posts, I would say you are most likely working for either 1) HR at a large financial firm or 2) some sort of jobs website e.g. monster.com, salary.com et al. There is maybe a 1% chance you are asking these questions in order to determine whether or not you should start the CFA program, because if that were the case, you almost certainly would have said so. Therefore, I would say that CFA candidates typically start at around $500,000 a year salary, with a typical 20-30% annual bonus regardless of performance, a 100% signing bonus, and full student loan forgiveness, as well as numerous non-monetary benefits including use of corporate aircraft, invitations to the MFA VIP parties at the Versace mansion, and unfettered access to dates with their CEO’s daughter(s), nieces etc. if they are available. For CFA charterholders, the salary is about double that, and it is standard practice to award them an extra bonus of a high-quality yacht every five years that is at least as long in meters as the charterholder is years old. Naturally, maintenance for the yacht(s) and membership in the yacht club is gratis.
robertonderdonk Wrote: ------------------------------------------------------- > Given that information, and reading all of your > posts, I would say you are most likely working for > either 1) HR at a large financial firm or 2) some > sort of jobs website e.g. monster.com, salary.com > et al. There is maybe a 1% chance you are asking > these questions in order to determine whether or > not you should start the CFA program, because if > that were the case, you almost certainly would > have said so. > > Therefore, I would say that CFA candidates > typically start at around $500,000 a year salary, > with a typical 20-30% annual bonus regardless of > performance, a 100% signing bonus, and full > student loan forgiveness, as well as numerous > non-monetary benefits including use of corporate > aircraft, invitations to the MFA VIP parties at > the Versace mansion, and unfettered access to > dates with their CEO’s daughter(s), nieces etc. if > they are available. > > For CFA charterholders, the salary is about double > that, and it is standard practice to award them an > extra bonus of a high-quality yacht every five > years that is at least as long in meters as the > charterholder is years old. Naturally, > maintenance for the yacht(s) and membership in the > yacht club is gratis. Rob, if you cant contribute something of material, then its fine. But dont discourage or blow others away who are trying to help. Your behavior and responses to Pawn were absolutely rude!
Wow, I don’t know even if I can reach the first category with a CFA the way things are going for me.
pawn’s two posts ever on AF: ----------------------------------- Education Background of CFA Candidates Posted by: pawn (IP Logged) [hide posts from this user] Date: June 14, 2010 01:27PM I’d like to start a general poll of candidates’ education background (ie. undergraduate, masters, etc.) Please feel free to share. ------------------------------------ and this one… ------------------------------------ Total Compensation of CFA Candidates new Posted by: pawn (IP Logged) [hide posts from this user] Date: June 15, 2010 04:56PM In lieu of the various threads discussing benefits and reasons regarding everyone’s quest to obtain the charter, I’m interested in a distribution of total compensation amongst the candidates. Please feel free to share 2009 total comp or 2010 expected total comp. 0-100k 100k-200k 200k-300k 300k-400k >400k ------------------------------------------ huh. Where are your posts asking for help about Black-Litterman, or solutions for the Grinhold-Kroner model? Where are your posts discussing CFAI Ethics questions or laughing at Schweser Qbank errors? Where is your contribution to the CFA or MBA thread? Where is your comment on the question of pen or pencil? This is a community ‘pawn’, where we try and help each other to pass the exams, stay sane and sometimes (where we can) give some interview or career advice. Your two posts amount to a zero contribution to AF. If you want to know if it is worthwhile for you to do pursue the charter, just ask and we will be happy to advise.
^+1 for my friend from Down Under
robertonderdonk Wrote: ------------------------------------------------------- > Given that information, and reading all of your > posts, I would say you are most likely working for > either 1) HR at a large financial firm or 2) some > sort of jobs website e.g. monster.com, salary.com > et al. You are probably correct.
pawn I dont think anyone would be comfortable sharing their compensation info on a blog. And you always have to start off first, always.
I make between X and Y and get a bonus of Z%. Usually I get Q upfront with a bonus of K%. Hope this is helpful. Would you like my social security number as well? Inseam?
Inseam measurements are important! How else are they going to know if the Bianchi Dolomiti or Ducati Sportclassic they buy you as a signing bonus is going to fit properly?