The results are in from the first National
CFA Member Compensation Survey! This survey was designed to provide Canadian CFA
Members with compensation information to help with career assessment and
The self-reported data included in this report covers broadly
defined positions and, as such, provide members with useful directional frames
of reference about pay levels. It should also be noted that because the survey
includes only data from a sample of Canadian CFA members, it is not necessarily
representative of the full CFA Institute membership or the total population of
individuals in these positions or locations.
While salary is a key
component of the study, we also examined other factors such as prior positions
held, deferred compensation, corporate and self-managed AUM, and trends in pay,
including base pay, bonuses, stock options, benefits, pensions, and geographic
Here are a few highlights:
- Top roles performed include financial analysis (65%),
client relationship management (53%), portfolio management/stock selection
(49%), general management/admin. (44%), strategy development and planning (41%),
performance management (36%) and internal control and risk management (36%).
- AUM: More than half (53%) of members say they personally
manage assets for their employers, managing an average of $3.5 billion.
- Aggregate average compensation across all CFA members: The
mean total compensation rose by 11%. 61% expect compensation to rise in 2012,
with 32% expecting it to remain the same and just 7% expecting a decrease.
- Total compensation varies by region, sector and position
held: These details are provided in the full report. A few highlights
include higher compensation in Toronto and Calgary than in Ottawa, Winnipeg,
Atlantic, and Quebec; and higher compensation for CEO/CAO/COOs, CIOs, equity
PMs, and fixed income PMs than those in roles of compliance/regulator/portfolio
administrator, sell/buy fixed income/derivatives/credit analyst, and investment
In the complete 2012 National CFA Member Compensation Report, you'll find
expanded coverage of the above topics, along with detailed charts and graphics
addressing other intriguing topics.
Download the Summary Report
Members can download the full report by signing in to the Members Area of our
website. Top right corner above our logo. Use your CFA Institute log in.