Indeed, when we look the distribution of CFA Charter jobs by pay in the UK and US and take a mid-point average within the salary ranges, it looks like the average salary for jobs open to CFA Charterholders is around $118k (£76k).
As anyone with any knowledge of the CFA Institute will know, simply passing the CFA Level III exam does not make you a CFA Charterholder. For that, you’ll also need four years’ of qualified work experience, a paid-up subscription of the CFA Institute, and to be a ‘regular member of a CFA Society.’
Is it all worth it? The CFA Institute is pretty cagey about pay levels for Charterholders. The CFA Institute of Seattle ran a pay survey in 2011 which found the average member (not charterholder specifically) was earning $175k. The CFA Institute itself ran a pay survey 10 years ago – in 2005 – which found the median annual salary for charterholders was $180k. That should have risen, but maybe it hasn’t.
There are currently 93 US and UK-based jobs advertised on eFinancialCareers which require a CFA Charter and provide data on the amounts they’ll pay. This is how those jobs are distributed in the UK:
In other words, 54% of UK-based finance jobs requiring a CFA Charter pay between less than $125k (£80k). Only 14% of the UK jobs advertised to CFA Charterholders pay more than $234k (£150k).
Of course, CFA Charterholders may earn a lot more than this once they’re actually in jobs, and our sample size is very small relative to the 120,000 CFA Charterholders kicking around globally, but job advertisements at least seem to suggest that a CFA Charterholder won’t make you rich. Indeed, when we look the distribution of CFA Charter jobs by pay in the UK and US and take a mid-point average within the salary ranges, it looks like the average salary for jobs open to CFA Charterholders is around $118k (£76k).
Did You Know : Top 15 Free Online Learning Platforms
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Free Online Education Degrees : Coursera:
Coursera partners with universities and organizations worldwide to offer a wide range of courses. While many courses are free, a fee is often required for certification.
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Free Online Education Degrees: edX:
Founded by MIT and Harvard, edX offers high-quality courses from top universities and institutions around the world. Certificates are available for a fee.
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Free Online Education Degrees : Khan Academy:
Khan Academy provides free educational content in various subjects, especially mathematics and science, using instructional videos and practice exercises.
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Free Online Education Degrees : Udacity:
Udacity focuses on tech-related courses and nanodegree programs, offering free content as well as more in-depth paid programs.
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Free Online Education Degrees : MIT OpenCourseWare (OCW):
MIT OCW provides a vast array of MIT's course content for free, covering a wide range of disciplines.
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Free Online Education Degrees : Harvard Extension School:
Harvard Extension School offers a selection of free online courses. While some courses are free, others may require payment for a certificate.
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Free Online Education Degrees: Stanford Online:
Stanford Online offers a variety of free courses in different disciplines, including computer science, engineering, and business.
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Best Free Online Courses : Carnegie Mellon Open Learning Initiative (OLI):
OLI offers free online courses and resources designed to improve learning outcomes through research-based methodologies.
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Best Free Online Courses : FutureLearn:
FutureLearn partners with universities and institutions to offer a diverse range of free online courses. Certificates are available for a fee.
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Best Free Online Courses: Alison:
Alison offers a wide range of free online courses, including diploma and certificate programs, covering various subjects.
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Yale University provides free access to a selection of introductory courses through Open Yale Courses.
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Best Free Online Courses : UC Berkeley Online:
UC Berkeley offers free online courses on a variety of subjects, ranging from computer science to humanities.
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Google Digital Garage provides free courses on digital skills, including online marketing, data analysis, and more.
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Best Free Online Courses : LinkedIn Learning (formerly Lynda.com):
LinkedIn Learning provides a variety of video courses on professional development, technology, and creative skills. It offers a free trial period.
Did you know : International Scholarships 2024
There are several international scholarships available for South Africans to study abroad. Here are a few examples:
- Mastercard Foundation Scholarship Program: This program provides fully funded scholarships to study at selected universities in Africa, Europe, and North America. It is open to African students, including South Africans, who are committed to giving back to their communities.
- Commonwealth Scholarships: The Commonwealth Scholarship Commission offers scholarships for postgraduate study in the UK for citizens of Commonwealth countries, including South Africa. The scholarships cover tuition fees, travel costs, and a living allowance.
- Fulbright Foreign Student Program: The Fulbright program offers scholarships for South Africans to study at U.S. universities for a Master’s or PhD degree. The scholarship covers tuition, travel, living expenses, and health insurance.
- Erasmus+ Programme: The Erasmus+ programme offers scholarships for South Africans to study in Europe for a Master’s or PhD degree. The scholarship covers tuition fees, travel, and living expenses.
- Australia Awards Scholarships: The Australian government offers scholarships for South Africans to study at Australian universities. The scholarship covers tuition fees, travel costs, and a living allowance.
These are just a few examples of the many international scholarships available to South Africans. It is important to research the eligibility requirements and application deadlines for each scholarship program.