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Accounting and Finance Average Salaries in Shenzhen 2023

How much money does a person working in Accounting and Finance make in Shenzhen?

Average Monthly Salary
29,800 CNY
( 358,000 CNY yearly)

All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working in Accounting and Finance in Shenzhen typically earns around 29,800 CNY. Salaries range from 12,100 CNY (lowest average) to 59,900 CNY (highest average, actual maximum salary is higher).

Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in Shenzhen exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner15,300 CNY
Account Executive26,300 CNY
Accountant20,500 CNY
Accounting Assistant16,400 CNY
Accounting Associate15,800 CNY
Accounting Clerk12,600 CNY
Accounting Coordinator18,300 CNY
Accounting Manager43,100 CNY
Accounting Supervisor28,600 CNY
Accounting Technician14,700 CNY
Accounts Executive25,600 CNY
Accounts Payable and Receivable Specialist20,400 CNY
Accounts Payable Clerk15,400 CNY
Accounts Payable Manager42,000 CNY
Accounts Receivable Clerk16,200 CNY
Accounts Receivable Manager39,100 CNY
Assistant Accounting Manager39,600 CNY
Assistant Auditor20,500 CNY
Audit Supervisor37,300 CNY
Auditing Clerk16,100 CNY
Auditing Manager42,200 CNY
Billing Coordinator18,900 CNY
Billing Specialist22,200 CNY
Billing Supervisor33,200 CNY
Bookkeeper13,200 CNY
Bookkeeping Specialist20,100 CNY
Budget Analyst35,400 CNY
Budget Manager43,400 CNY
Business Support Analyst23,100 CNY
Capital Markets Associate30,700 CNY
Cash Flow Analyst32,500 CNY
Cash Management Officer23,400 CNY
Cashbook Clerk13,900 CNY
Chartered Accountant26,600 CNY
Collections Clerk12,400 CNY
Collections Specialist21,600 CNY
Corporate Treasurer40,500 CNY
Cost Accountant20,400 CNY
Cost Accounting Manager43,100 CNY
Cost Analyst32,000 CNY
Credit and Collection Manager42,000 CNY
Credit and Collection Staff16,600 CNY
Credit and Loans Officer14,800 CNY
Credit Controller28,800 CNY
Debt Adviser34,100 CNY
Debt Collector17,000 CNY
Debtors Clerk14,500 CNY
Deputy CFO54,600 CNY
Derivative Trader35,700 CNY
Escrow Assistant19,200 CNY
External Auditor29,100 CNY
Finance Associate17,500 CNY
Finance Executive44,100 CNY
Finance Licensing Clerk15,300 CNY
Finance Licensing Manager41,400 CNY
Finance Licensing Specialist21,700 CNY
Finance Officer20,700 CNY
Finance President63,300 CNY
Finance Relationship Manager48,900 CNY
Finance Release Analyst23,100 CNY
Finance Team Leader 45,900 CNY
Financial Actuary32,600 CNY
Financial Administrator34,000 CNY
Financial Analyst39,500 CNY
Financial Applications Specialist25,000 CNY
Financial Assistant16,500 CNY
Financial Associate17,400 CNY
Financial Claims Analyst28,800 CNY
Financial Claims Manager39,000 CNY
Financial Commercial Analyst30,200 CNY
Financial Compliance Analyst33,000 CNY
Financial Consultant28,000 CNY
Financial Controller33,300 CNY
Financial Coordinator19,600 CNY
Financial Customer Service Manager39,300 CNY
Financial Dealer and Broker23,200 CNY
Financial Encoder18,300 CNY
Financial Manager59,100 CNY
Financial Operations Manager53,900 CNY
Financial Policy Analyst31,600 CNY
Financial Project Manager44,700 CNY
Financial Quantitative Analyst34,200 CNY
Financial Reporting Consultant31,400 CNY
Financial Reporting Manager38,900 CNY
Financial Services Sales Agent23,000 CNY
Fixed Assets Administrator22,000 CNY
Forensic Accountant24,700 CNY
Fraud Detection Supervisor24,500 CNY
Fraud Prevention Manager41,600 CNY
Fund Accountant20,000 CNY
Grants Coordinator16,200 CNY
Internal Auditor28,400 CNY
Internal Control Adviser31,300 CNY
Internal Control Officer17,800 CNY
Inventory Accountant22,500 CNY
Investment Analyst43,100 CNY
Investment Fund Manager48,600 CNY
Investment Underwriter17,100 CNY
Investor26,400 CNY
Investor Relations Manager42,100 CNY
KYC Team Leader41,400 CNY
Management Economist48,700 CNY
Paymaster16,900 CNY
Payroll Clerk18,300 CNY
Payroll Manager39,300 CNY
Pensions Administrator22,100 CNY
Pricing Analyst35,600 CNY
Private Equity Analyst36,600 CNY
Proposal Development Coordinator18,600 CNY
Receivables Accountant19,600 CNY
Regulatory Accountant23,900 CNY
Retirement Plan Analyst31,700 CNY
Revenue Management Specialist33,800 CNY
Revenue Recognition Analyst37,000 CNY
Risk Management Director52,400 CNY
Risk Management Supervisor39,900 CNY
Tax Accountant20,500 CNY
Tax Advisor32,000 CNY
Tax Associate17,100 CNY
Tax Manager42,200 CNY
Teller12,900 CNY
Treasury Accountant21,800 CNY
Treasury Analyst33,300 CNY
Underwriter15,200 CNY
Underwriting Assistant13,200 CNY
Vice President of Finance54,600 CNY

Accounting and Finance Jobs Pay Scale and Salaries in Shenzhen

Median and salary distribution Shenzhen Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
31,200 CNY or more
10% of people earn
26,400 to 31,200 CNY
20% of people earn
15,900 CNY or less
65% of people earn
15,900 to 26,400 CNY
Minimum Salary
12,100 CNY
27,200 CNY
59,900 CNY

Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries in Accounting and Finance in Shenzhen range from 12,100 CNY (starting average salary) to 59,900 CNY (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Accounting and Finance is 27,200 CNY, implying that half of the workforce in Shenzhen earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in Shenzhen earn less than 21,300 CNY, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 32,800 CNY, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in Shenzhen. The analysis revealed that roughly 65% of all reported salaries fell within the range of 15,900 CNY to 26,400 CNY. Approximately 20% of salaries were below the 15,900 CNY mark, while 10% ranged from 26,400 CNY to 31,200 CNY. Only 5% of individuals earned a gross salary of 31,200 CNY or higher.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage.

Generally speaking, employees in Accounting and Finance in Shenzhen having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?

We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Accounting and Finance in Shenzhen, below are our findings.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in China costs anywhere from 146,000 CNY to 439,000 CNY and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.

Salary and Compensation Comparison By Gender / Accounting and Finance / Shenzhen

Salary comparison by gender China Accounting and Finance monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in China, the average difference between the salary of male and female employees is 6%.

30,900 CNY
29,300 CNY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in China for all Careers

Salary comparison by gender monthly China
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Average Annual Salary Increment Percentage / Accounting and Finance / China

How much are annual salary increments in China for individuals working in Accounting and Finance? How often do employees get salary raises?

Professionals working in Accounting and Finance in China are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China Accounting and Finance
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

China / All Professions

Annual Salary Increment Rate China
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in China is 7%.

Annual Increment Rate By Industry 2022

Information Technology

Listed above are the average annual increase rates for each industry in China for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Bonus and Incentive Rates / Accounting and Finance / China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Accounting and Finance
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21% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Salary Forecast and Trend / Accounting and Finance / China

How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
27,500 CNY
Average Salary 2020+3%
28,300 CNY
Average Salary 2021+2%
28,700 CNY
Average Salary 2022+3%
29,600 CNY
Percentage increase and decrease are relative to the previous value

Salaries for individuals working in Accounting and Finance in China are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.

Salary trends and forecast monthly China Accounting and Finance
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Hourly Average Wage / Accounting and Finance / Shenzhen

170 CNY per hour

The average hourly wage (pay per hour) in Accounting and Finance in Shenzhen is 170 CNY.This is the rate they get paid for every worked hour.

Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working in Accounting and Finance in Shenzhen is 70 CNY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Accounting and Finance VS Other Jobs

29,800 CNY
29,000 CNY
Average Salary
Accounting and Finance
Average Salary
All Jobs
Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Shenzhen
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Shenzhen VS China

29,800 CNY
33,400 CNY
30,200 CNY
Average Salary
Average Salary
Average Salary
The difference in average salary between Shenzhen and Guangdong is 11%. Additionally, the difference in the average salary between Guangdong and China is 11%.Salary Comparison Between Shenzhen and China  Accounting and Finance
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Salary Comparison By City

CityAverage Salary
Dongguan27,200 CNY
Foshan26,900 CNY
Guangzhou33,400 CNY
Shantou29,500 CNY
Shenzhen29,800 CNY

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in China is 6% on average across all career fields.

Private Sector
28,500 CNY
Public Sector+6%
30,100 CNY
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary in Accounting and Finance in Shenzhen?

A good and competitive compensation would range anywhere between 27,200 CNY and 32,800 CNY. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for jobs in Accounting and Finance in Shenzhen ranges from 21,300 CNY to 32,800 CNY. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

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