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Increase Your Compensation with the CFAreg Designation



's8220;Employers recognize the value of the CFA charter because it's8217;s a measure of both competence and integrity. Those are difficult qualities to measure, but when investment professionals have voluntarily subjected themselves to the profession's8217;s most rigorous examination process, and succeeded, that obviously sends an important message to employers,'s8221; says Bob Johnson, PhD,CFA, and managing director of the CFA Institute.



According to a survey conducted and released by Russell Reynolds Associates in conjunction with the CFA® Institute, compensation for investment professionals has risen by 17 percent since 2003. The study denotes that employers are eager to pay optimum compensation for investment professionals who have earned their Chartered Financial Analyst® designation. Professionals with their CFA designation out-earn their colleagues without the charter with 10 or more year's8217;s relevant experience by 24 percent or $248,000 vs. $200,000. The study also shows the gap in earnings was even greater among all respondents regardless of levels of experience: Those with the charter earned an astounding 54 percent higher compensation than those without ($180,000 vs. $116,850).



This study also portrays the value of the CFA designation compared to a M.B.A. Professionals with 10 years experience or more experience with the charter out-earn those with only an M.B.A by 18 percent, a median of $236,510 vs. $200,000. Of course for the most lucrative educational and monetary combination a CFA® with an M.B.A would range in a median of $255,000.



The most highly compensated investment professionals are employed by hedge funds where they find earnings of $250,000 total median compensation. Mutual fund employees are not far behind with earnings generally of $240,000. Investment counseling/management firms, securities broker/dealers and insurance firms are also earning high compensation. Pension and investment consulting firms, banks and pension plan sponsors report lower compensation.



Women are also witnessing the benefits of the CFA®. Overall pay inequity decreased from a gender gap of 15 percent in 2003 to 13 percent in 2005 when the trend was even more significant. The gap, between male and female investment professionals who have worked in the industry for approximately 20 years, diminished more than half from 13 percent to a mere 6 percent. (http://www.cfainstitute.org/pressroom/05releases/20050506_01.html)



These statistics are a component of the 2005 Investment Management Compensation Survey, an all-encompassing global survey of investment professionals performed in cooperation with the CFA Institute and the global executives recruiting and assessment firm Russell Reynolds Associates.



According to a demographic survey conducted by the CFA Institute, CFA charterholders have up to 40 percent more income at their disposal: $162,000 vs. $115,000 compared to non-charterholders as well as charterholders with 10+ years experience compared to non-charterholders with 10+ years, $235,000.



Visit Keir Educational Resources at http://www.keirsuccess.com or call 1-800-795-5347 to learn how you can earn your CFA® Designation.






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