What Can I Do With My CFA^® Charter?

By: Kaplan Schweser

January 9, 2025

Chartered Financial Analyst Jobs and CFA Career Paths

The CFA^® charter is a globally recognized financial designation that serves as a badge of knowledge, commitment, perseverance, skill, and hard work. Earning your CFA charter sets you up well for growth in your career as a finance professional. But exactly what kind of a finance career can you get as a Chartered Financial Analyst^®?

CFA Institute conducted a survey of all charterholders to determine their most commonly held job functions. Based on their findings, we’ve detailed the most common job functions of CFA charterholders below to give you a clear picture of what type of career you could pursue if you choose to earn the CFA charter.

42% of surveyed CFA^® charterholders stated they received a salary increase after having earned the CFA charter_*

Portfolio Manager

Leading all job titles, 22% of CFA charterholders are employed as portfolio managers. Portfolio managers are in charge of a fund or group of funds. They spend their days working with analysts, researchers, and clients to stay current on the markets and business news. They make decisions to buy and sell assets throughout the day as the markets fluctuate. A great portfolio manager is able to see beyond the surface and make informed decisions for their clients based on expert insight and experience.

Research Analyst

It’s a vague title, but research analysts play an important and specific role in the business world. It’s also a job title held by 15% of global CFA charterholders. Research analysts use a combination of mathematical processes and qualitative data to provide analysis of something that’s already happened and make future predictions. If you give a research analyst a batch of data, they are able to process that data and provide recommendations based exclusively on the data. The intelligence they gather is incredibly valuable to companies, as it’s used to help the business determine its future direction and prioritize goals and activities.

Chief-Level Executive

Approximately 7% of all CFA charterholders in the world have made it to the C-suite. The chief executives are the most important and influential people in a company—they make the big decisions that drive the success of the organization. Chief-level executive positions can include chief executive officer (CEO), chief operating officer (COO), and chief financial officer (CFO). These positions are considered the pinnacle of business achievement. The day-to-day operations of a chief-level executive vary, depending on the company structure and the specific executive role the individual plays in the organization.

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Consultant

Consultants are highly sought-after experts in business that companies rely on to provide valuable financial advice to help guide big decisions. Companies hire consultants to bring an independent expert perspective to business valuation, provide economic forecasts and analyses, and identify opportunities to grow shareholder value. Nearly 6% of all CFA charterholders work as consultants.

Risk Manager

Risk is a natural part of doing business. Every successful company takes a certain amount of risk to get to, and stay, where they are. They rely on financial risk managers to help them identify and assess potential risks that the company faces or could face in the future. Approximately 5% of CFA charterholders work in risk management, operating as forecasters to help their company anticipate changes and avoid potential financial pitfalls.

Corporate Financial Analyst

There is some crossover between research analysts and corporate financial analysts. In fact, some companies use these two titles interchangeably. But the biggest difference between the two is that financial analysts go beyond the data inputs to form their analysis. They conduct research and provide advice considering macro and microeconomics and are relied upon as critical advisors with regard to investment decisions. Globally, 5% of those who hold the CFA charter work in the profession of corporate financial analysis.

Relationship Manager

Relationships are cornerstones of successful business operation. Approximately 5% of CFA charterholders work to help their company build and maintain critical business relationships. The ultimate idea of relationship management is to remove or minimize volatility from a business relationship by taking an active role in upholding and analyzing its current status, as well as the factors that influence it.

Financial Advisor

Another 5% of all CFA charterholders operate as financial advisors. These professionals typically help clients with investments, tax laws, and insurance product selection decisions. They help individuals create short-term and long-term financial goals, as well as a financial plan for achieving their goals. Some advisors make investments for clients and provide tax advice as well.

84% of CFA^® charterholders agree that the CFA curriculum is valuable in their career after having earned the CFA charter_**

Number of CFA Charterholders by Job Title and Function

According to CFAI, the most common function within investment management is on the buy-side. Currently, over 70,000 CFA Charterholders are buy-siders and the most common job title is a Portfolio Manager. Below are tables representing the most common job titles for CFA charterholders by job function.

Number of Advisory CFA Charterholders

Advisory CFA Charterholders help firms or individuals make decisions (buying or selling) on their investment securities.

Title	Number of Charterholders
Corporate Finance/M&A	8,400
Accountant/Auditor	4,300
Equity Capital Markets	500
Strategy Consulting	300
Debt Capital Markets	100

Number of Buy-Side CFA Charterholders

Buy-side CFA Charterholders work for firms that purchase and hold investment securities for their own portfolios or on behalf of their clients.

Title	Number of Charterholders
Portfolio Manager (including hedge fund manager)	33,000
Private Wealth Management	9,300
Relationship Manager	5,600
Equity Analyst	4,000
CIO	3,800
Risk	2,500
Performance Analyst	1,600
Credit Analyst	1,400
Regulators (Government)	1,100
Quantitative Analyst	1,000
Trader	1,000
Compliance	500
Product Manager	500
Data Scientist	300

Number of Sell-Side CFA Charterholders

Sell-side CFA Charterholders work for firms and individuals that create, promote, and sell financial products and services to the buy-side.

Title	Number of CFA Charterholders
Equity Research Analyst	18,000
Broker-dealer Risk	6,000
Investment Strategist	5,900
Sales	4,200
Trader	4,000
Investment Consultant	3,000
Credit Analyst	2,000
Quantitative Analyst	1,000
Economist	700
Central Banks (Government)	300
Data Scientist	300
ESG Analyst	300

Number of Corporate CFA Charterholders

Corporate CFA Charterholders work in-house for companies and apply their financial expertise to a broad range of functions within their company.

Title	Number of CFA Charterholders
Private Equity General Partner	8,000
CEO	4,900
CFO	3,700
Corporate Development & Strategy	2,000
Market Data & Indices (Infrstructure)	2,000
Academics (Other)	1,700
Investor Relations	500
Exchanges (Infrstructure)	300
FinTech (Infrstructure)	300
Treasurer	300
Venture Capital	300

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*Earnings increases are dependent on numerous factors other than, or in addition to, earning the CFA® charter, including specific employment conditions and individual experience. Kaplan Schweser does not guarantee any earnings increase resulting directly from such designation. These are the findings of a quantitative survey conducted by Kaplan between May 2 and May 27, 2024. For this survey, a sample of 728 CFA Level I, II, and III candidates was interviewed online, of which 305 are CFA charterholders and were employed at the time of the survey.

**These are the findings of a quantitative survey conducted by Kaplan between May 2 and May 27, 2024. For this survey, a sample of 728 CFA® Level I, II, and III candidates was interviewed online, of which 307 are CFA charterholders.