Is CFA A Good Career Option For Girls?

Are you interested in opting for a CFA career but are unsure if it is suitable for girls? You've come to the right place. Below you will find everything that will help you decide if you want to take CFA as a career.

CFA stands for Chartered Financial Analyst. CFA as a career enables you to hold a grip on the economy's financial and investment aspects. It also allows you to work as an Investment Manager and Portfolio Manager.

With interest in CFA growing with time, the number of applicants for the course is also high. There are a lot of benefits in terms of compensation and career growth opportunities. With a CFA degree one can earn INR 4,00,000 - INR 40,00,000. Placement for CFA graduates is available in renowned companies like JP Morgan. RBC, HSBC, PWC Group, etc. There is also a high scope of being placed abroad with better job opportunities that pay more.

Currently, 89.7% of the male population is employed in the CFA job sector, whereas only 10.3% of females work in this sector. But one thing is for sure; the career is open to all genders. Soon, we can expect an increase in women's ratio in this sector in the coming generations.

Here are 5 of the best career options as a CFA:

1. Portfolio Managers: Avg salary - 10 lakhs. Responsible for investing money. They also handle the client's mutual funds investments. They manage bonds and equity portfolios to maximize the investment returns with an acceptable level of risk. This position mainly requires experience in financial asset management and investments.

2. Risk Manager: Avg. Salary -10 lakhs. They analyze the risk in the market and prepare to execute a specialized plan to reduce the level of risk facing. They usually coordinate with the risk management activities to prevent liabilities. They keep a check on whether the office staff is adhering to safety rules or not.

3. Business Consultant: Avg. Salary - 9 lakhs. Their role is to deal with business problems and suggest possible solutions. Analyzing the company's financial statements and then helping them meet future goals. They develop the high-level roadmap of the business initiatives and future objectives. They balance the customers' requests with the technical constraints.

4. Private Bankers: Avg. Salary - 8.5 lakhs. Private bankers maintain relationships with the bank's clients and monitor their needs. They provide the credit, loans and other solutions to the client. They aim to increase clients' wealth through investments and help to purchase houses and estate planning.

5. Chartered Financial Analyst: Avg. Salary - 6.6 lakhs. They are responsible for analyzing financial portfolios and creating recommendations based on the same. They set the financial goals and identify the key steps to achieve them.

   Opt for free career guidance at Glow and Lovely Careers (formerly known as Fair & Lovely Career Foundation) to help you confirm if CFA is the right career for you. Best of luck!