The average chartered financial analyst (cfa) gross compensation in Singapore is $95,110, or $46 per hour. They also receive an average bonus of $3,985. Compensation estimates in Singapore are based on salary survey data received directly from companies and anonymous workers. There are many factors affecting how much a cfa can be paid in Singapore including industry, position, experience, etc.
CFA salaries in Singapore vary greatly depending on your employer. With more than 100 firms hiring CFAs in Singapore, there should be little problem finding work if you are looking for something part-time. If you are looking to make a full-time career out of studying accounting, however, you may want to consider getting certified by a reputable organization such as the American Institute of Certified Public Accountants.
In addition to salary, other benefits include health insurance, dental insurance, vision insurance, life insurance, 401(k) with matching funds, flex spending account, personal days, and more.
There are several courses available online that can help you acquire certifications which can significantly increase your salary. For example, the Certified Financial Planner (CFP) certification requires about 1,000 hours of education including coursework and passing a comprehensive exam. The CPA examination requires 150 hours of study plus a 200-question test.
These are just some examples of some of the most common accounting positions.
In Singapore, a chartered accountant normally makes roughly 6,590 SGD per month. Salaries vary from 3,360 SGD (the lowest) to 10,200 SGD (the highest). This is the average monthly pay, which includes housing, transportation, and other perks. Salaries for chartered accountants vary greatly depending on experience, abilities, gender, and region. The top salary is paid by an accounting firm in Singapore.
In conclusion, a chartered accountant in Singapore makes an average of 6,590 SGD per month. This pays for an average apartment but not any major expenses such as medical bills or educational costs.
A Chartered Financial Analyst (CFA) earns Rs 6,82,300 a year (Rs 36,960 per month), which is Rs 2,94,800 (+76%) more than the national average income in India. The average beginning pay for a Chartered Financial Analyst (CFA) is Rs 3,92,500. The highest-paying jobs might earn more than Rs 16,000 per month. The lowest-paying positions are usually with small companies that don't have a financial department or those who use manual payroll processes. Most CFAs should expect to make between $60K and $100K a year.
In addition to salary, other components of compensation include bonuses, profit sharing, retirement plans such as pensions or stock options, and medical benefits. The majority of employees are not paid on a salaried basis; instead, they are paid an hourly rate for hours worked. However, some employers may also offer a monthly or yearly base salary. Many employers offer a combination of hourly wages and fixed salaries within their finance departments. This is often done for new employees who lack previous industry experience.
The specific salary you can expect depends on several factors, including your level of education, any certifications you hold, your field of interest, and your current salary. Beginners typically start at about $50K and can reach up to $150K after several years on the job. Those who work in investment banking or hedge funds can make much more than this, depending on their skills and how well they perform their tasks.
CFA Singapore Charterholders in Singapore get the best incomes in the trading industry (both equities and fixed income). The average CFA charterholder in Singapore makes $160,000 per year. While not all of this money is paid in cash, it does represent a high level of compensation for those who can only earn it through professional certification.
On top of their good salaries, CFAs in Singapore have many other benefits including free dental care, eye exams, and prescriptions. They will also receive an annual bonus based on how much work was done over the course of the year that can range from $10,000 to $100,000. These are some of the highest bonuses available in the financial services industry.
Some other countries where CFAs make good money include America, England, and Australia. In America, the average CFA salary is $64,500 while in England it's $51,200. In Australia the number is even lower at $38,880.
Here are some other facts about CFAs:
The majority work in investment banking, asset management, or corporate finance.
Almost all cities across the world have at least one CFA charterholder.