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CFA Jobs, Careers and Opportunities Around the World

Where do CFAs work? How do CFAs develop their careers? Let’s take a look at these statistics and trends about CFA jobs, CFA careers, and opportunities for Chartered Financial Analysts across the globe.

 

Most Popular CFA Jobs among Charterholders

CFA charterholders are a strong community of investment professionals. Based on the latest survey, portfolio management and research remain the two most popular CFA careers.

As these investment professionals promote to senior positions, we see an increasing proportion of chief-level executives with the CFA title. There are also more CFOs and CIOs taking the exam and becoming charterholders.

CFAs are getting more diversified with most professions representing 5% or less of the total, and the “other” category becomes bigger this year.

CFA careers

Source: Self-reported data from CFA charterholers, CFA Institute.

The breakdown is similar across countries but there are some interesting differences. For details of CFA careers in the top 10 countries with CFAs, click on the links below.

UK | Canada | China/Hong Kong | India | Singapore | Germany | Australia | Switzerland | Russia

Top 10 CFA Employers

The following 3 charts show the number of CFA charterholders and/or candidates in the firm.

Number of CFA Charterholders and Candidates*

Top 10 companies for CFA jobs

Here are the top 10 employers of CFA charterholders and candidates. They are either full-service financial institutions with sizable research capabilities, asset management, and wealth management arms. As you cansee, three of the Big 4 accounting firms (marked in green below) are also on the list this year.

When we split up the analysis and look at CFA charterholders and candidates separately, we notice that full-serviced financial institutions rank higher than the Big 4. CFAs are traditionally portfolio managers and research analysts working in these financial powerhouses.

Number of CFA Charterholders*

top CFA jobs for charterholders

Interestingly, when we look at the profession among CFA candidates, the top hiring firm is PwC. KPMG and EY also rank higher in the top 10.

Number of CFA Candidates*

top CFA jobs for candidates

One possibility is the composition of CFA candidates by region. As we see here, 44% of CFA candidates come from Asia. It is also known that the Big 4 has been expanding rapidly in Asia (notably China) as their auditing and advisory businesses do well in the booming economy. As a result, we expect that many of these CFA candidates are Big 4 employees in the Asian offices.

At the same time, as the CFA designation becomes better known, professionals other than portfolio managers and research analysts are taking the CFA exam. We have been seeing more consultants and senior management getting into CFA as proof of expertise in financial and strategic management.

Some Conclusions about CFA Careers

Portfolio management and equity research remain the most popular CFA jobs in the industry. However, when you look for new job opportunities, you should go beyond the traditional financial institution and explore opportunities in the Big 4. Other firms that value CFA include fund of funds, hedge funds, private equity, and family offices.

For Your Further Reading about CFA Jobs

* Top employer data is self-reported and not verified by CFA Institute. Source: CFA Institute

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