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Banking Average Salaries in Shanghai 2020

How much money does a person working in Banking make in Shanghai?


Average Monthly Salary
36,100 CNY
( 434,000 CNY yearly)

LOW
20,400
CNY
AVERAGE
36,100
CNY
HIGH
66,800
CNY

A person working in Banking in Shanghai typically earns around 36,100 CNY per month. Salaries range from 20,400 CNY (lowest average) to 66,800 CNY (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst46,900 CNY
Assistant Bank Branch Manager43,600 CNY
Assistant Bank Manager49,100 CNY
ATM Manager46,200 CNY
ATM Service Technician24,400 CNY
Bank Accounts Analyst31,200 CNY
Bank Accounts Controller34,800 CNY
Bank Accounts Executive37,900 CNY
Bank Accounts Manager40,500 CNY
Bank Auditing Manager41,700 CNY
Bank Branch Manager50,000 CNY
Bank Clerk22,500 CNY
Bank Compliance Specialist32,100 CNY
Bank Manager69,400 CNY
Bank Operational Risk Manager50,200 CNY
Bank Operations Head55,300 CNY
Bank Operations Officer32,400 CNY
Bank Operations Specialist42,900 CNY
Bank Process Manager33,700 CNY
Bank Product Manager 36,200 CNY
Bank Programme Manager46,200 CNY
Bank Project Manager45,000 CNY
Bank Propositions Manager46,200 CNY
Bank Quantitative Analyst35,400 CNY
Bank Regional Manager51,100 CNY
Bank Regional Risk Officer32,600 CNY
Bank Relationship Manager42,100 CNY
Bank Relationship Officer30,900 CNY
Banker30,800 CNY
Banking Business Analyst36,900 CNY
Banking Business Development Officer29,900 CNY
Banking Business Planning Executive44,900 CNY
Banking Product Manager42,500 CNY
Banking Reference Data Manager41,100 CNY
Banking Risk Analyst34,600 CNY
Banking Technical Analyst32,000 CNY
Bankruptcy Coordinator38,500 CNY
Budget Analyst37,700 CNY
Cards Marketing Manager44,500 CNY
Cash Management Manager46,900 CNY
Check Processing Manager44,600 CNY
Commercial Vault Associate35,200 CNY
Corporate Dealer36,700 CNY
Credit Analyst39,700 CNY
Credit and Collections Manager42,600 CNY
Credit Card Fraud Investigator36,300 CNY
Credit Portfolio Manager52,500 CNY
Credit Risk Analyst46,200 CNY
Credit Risk Associate37,300 CNY
Direct Bank Sales Representative32,800 CNY
Financial Bank Planning Consultant38,900 CNY
Financial Banking Analysis Manager43,700 CNY
Financial Banking Assistant29,800 CNY
Financial Banking Systems Manager42,300 CNY
Foreign Exchange Manager44,000 CNY
Fraud Analyst36,800 CNY
Fraud Detection Associate36,400 CNY
Fraud Detection Manager46,800 CNY
Fraud Detection Supervisor36,900 CNY
Internal Bank Audit Manager47,200 CNY
Internal Bank Auditor34,700 CNY
International Banking Manager59,300 CNY
Loan Analyst34,700 CNY
Loan Area Manager39,000 CNY
Loan Audit Team Leader39,800 CNY
Loan Branch Manager39,500 CNY
Loan Business Development Officer33,600 CNY
Loan Clerk25,200 CNY
Loan Collection Manager39,300 CNY
Loan Collector21,800 CNY
Loan Examiner27,500 CNY
Loan Processing Manager34,000 CNY
Loan Processor31,600 CNY
Loan Quality Assurance Auditor36,200 CNY
Loan Quality Assurance Manager40,300 CNY
Loan Quality Assurance Representative32,200 CNY
Loan Review Manager36,400 CNY
Loan Team Leader36,500 CNY
Mortgage Advisor34,900 CNY
Mortgage Collection Manager39,100 CNY
Mortgage Collector26,800 CNY
Mortgage Credit Analyst31,000 CNY
Mortgage Credit Manager35,200 CNY
Mortgage Development Manager43,500 CNY
Mortgage Document Reviewer27,800 CNY
Mortgage Funding Manager44,500 CNY
Mortgage Operations Manager49,200 CNY
Mortgage Payment Processing Clerk25,700 CNY
Mortgage Processing Manager40,500 CNY
Mortgage Processor28,800 CNY
Mortgage Quality Assurance Auditor36,700 CNY
Mortgage Quality Assurance Manager38,500 CNY
Mortgage Servicing Clerk22,600 CNY
Mortgage Servicing Manager39,400 CNY
Mortgage Underwriter26,700 CNY
Online Banking Manager49,600 CNY
Payment Processing Clerk24,200 CNY
Personal Banker36,000 CNY
Personal Banking Advisor 35,200 CNY
Phone Banker30,100 CNY
Private Banker38,700 CNY
Reconciliation and Investigation Specialist34,300 CNY
Teller22,300 CNY
Trade Officer26,500 CNY
Trade Product Manager39,200 CNY
Trader31,300 CNY
Treasury Operations Officer32,600 CNY

Banking Jobs Salary Distribution in Shanghai

Median and salary distribution monthly Shanghai Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in Shanghai range from 20,400 CNY per month (minimum average salary) to 66,800 CNY per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 33,300 CNY per month, which means that half (50%) of people working in Banking are earning less than 33,300 CNY while the other half are earning more than 33,300 CNY. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Banking are earning less than 24,200 CNY while 75% of them are earning more than 24,200 CNY. Also from the diagram, 75% of people working in Banking are earning less than 46,000 CNY while 25% are earning more than 46,000 CNY.


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

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

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 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.


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.

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.

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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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 degrees levels across many jobs, below are our findings.


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.

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 cerificate 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 148,000 Yuan Renminbi(s) to 443,000 Yuan Renminbi(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you 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 into 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 your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Banking Salary Comparison By Gender

Salary comparison by gender monthly China Banking
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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? Male employees earn 7% more than their female counterparts.

Female
32,200 CNY
Male+7%
34,300 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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Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly China
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Where can you get paid more, working for a private company or for the government? Public sector employees in China earn 6% more than their private sector counterparts.

Private Sector
28,800 CNY
Public Sector+6%
30,400 CNY
Percentage increase and decrease are relative to the previous value

Banking Salary Forecast and Trend in China

How do Banking salaries change over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly China Banking
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Average Salary 2016
30,200 CNY
Average Salary 2017+4%
31,300 CNY
Average Salary 2018+2%
32,100 CNY
Average Salary 2019+1%
32,500 CNY
Percentage increase and decrease are relative to the previous value

Banking salaries in China are rising in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 1% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Banking Hourly Average Wage in Shanghai


210 CNY per hour

The average hourly wage (pay per hour) in Shanghai is 210 CNY. This means that the average person in Shanghai earns approximately 210 CNY for every worked hour.


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

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 fix 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Shanghai
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The average salary for Banking is 13% more than that of All Jobs.

Shanghai VS China

Salary Comparison Between Shanghai and China monthly Banking
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We compared Banking salaries in Shanghai, Shanghai, and China and we found that Shanghai salaries are 21% more than those of Shanghai. We also found out that Shanghai salaries are 11% less than those of China.

Salary Comparison By City

CityAverage Salary
Shanghai36,100 CNY
0 - 0

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