The results are in from the second National CFA Charterholder Compensation Survey! This study was designed to provide Canadian CFA charterholders with compensation information to help with career assessment and planning.
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 and other key means of compensation. It should be noted that the survey includes only data from a sample of Canadian CFA charterholders and 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, 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 impact were also analyzed. The National CFA Charterholders Compensation Survey was in field from April 28 to May 25, 2015 and had just over 2,600 respondents, an increase from 2,135 respondents in the 2011 survey.
Here are a few highlights:
Top roles performed include financial analysis (65%), client relationship management (52%), portfolio management/stock selection/analysis (45%), strategy development and planning (40%), general management/administration (37%), performance measurement (34%) and internal control and risk management (31%).
AUM: More than half (53%) of members say they personally manage assets for their employers, managing an average of $4.2 billion.
Aggregate average compensation across all CFA charterholders: The mean total compensation rose by nearly 20%. Sixty percent expect compensation to rise in 2015, with 24% expecting it to remain the same and just 5% expecting a decrease.