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.
|Job Title||Average Salary|
|AML Analyst||46,900 CNY|
|Assistant Bank Branch Manager||43,600 CNY|
|Assistant Bank Manager||49,100 CNY|
|ATM Manager||46,200 CNY|
|ATM Service Technician||24,400 CNY|
|Bank Accounts Analyst||31,200 CNY|
|Bank Accounts Controller||34,800 CNY|
|Bank Accounts Executive||37,900 CNY|
|Bank Accounts Manager||40,500 CNY|
|Bank Auditing Manager||41,700 CNY|
|Bank Branch Manager||50,000 CNY|
|Bank Clerk||22,500 CNY|
|Bank Compliance Specialist||32,100 CNY|
|Bank Manager||69,400 CNY|
|Bank Operational Risk Manager||50,200 CNY|
|Bank Operations Head||55,300 CNY|
|Bank Operations Officer||32,400 CNY|
|Bank Operations Specialist||42,900 CNY|
|Bank Process Manager||33,700 CNY|
|Bank Product Manager||36,200 CNY|
|Bank Programme Manager||46,200 CNY|
|Bank Project Manager||45,000 CNY|
|Bank Propositions Manager||46,200 CNY|
|Bank Quantitative Analyst||35,400 CNY|
|Bank Regional Manager||51,100 CNY|
|Bank Regional Risk Officer||32,600 CNY|
|Bank Relationship Manager||42,100 CNY|
|Bank Relationship Officer||30,900 CNY|
|Banking Business Analyst||36,900 CNY|
|Banking Business Development Officer||29,900 CNY|
|Banking Business Planning Executive||44,900 CNY|
|Banking Product Manager||42,500 CNY|
|Banking Reference Data Manager||41,100 CNY|
|Banking Risk Analyst||34,600 CNY|
|Banking Technical Analyst||32,000 CNY|
|Bankruptcy Coordinator||38,500 CNY|
|Budget Analyst||37,700 CNY|
|Cards Marketing Manager||44,500 CNY|
|Cash Management Manager||46,900 CNY|
|Check Processing Manager||44,600 CNY|
|Commercial Vault Associate||35,200 CNY|
|Corporate Dealer||36,700 CNY|
|Credit Analyst||39,700 CNY|
|Credit and Collections Manager||42,600 CNY|
|Credit Card Fraud Investigator||36,300 CNY|
|Credit Portfolio Manager||52,500 CNY|
|Credit Risk Analyst||46,200 CNY|
|Credit Risk Associate||37,300 CNY|
|Direct Bank Sales Representative||32,800 CNY|
|Financial Bank Planning Consultant||38,900 CNY|
|Financial Banking Analysis Manager||43,700 CNY|
|Financial Banking Assistant||29,800 CNY|
|Financial Banking Systems Manager||42,300 CNY|
|Foreign Exchange Manager||44,000 CNY|
|Fraud Analyst||36,800 CNY|
|Fraud Detection Associate||36,400 CNY|
|Fraud Detection Manager||46,800 CNY|
|Fraud Detection Supervisor||36,900 CNY|
|Internal Bank Audit Manager||47,200 CNY|
|Internal Bank Auditor||34,700 CNY|
|International Banking Manager||59,300 CNY|
|Loan Analyst||34,700 CNY|
|Loan Area Manager||39,000 CNY|
|Loan Audit Team Leader||39,800 CNY|
|Loan Branch Manager||39,500 CNY|
|Loan Business Development Officer||33,600 CNY|
|Loan Clerk||25,200 CNY|
|Loan Collection Manager||39,300 CNY|
|Loan Collector||21,800 CNY|
|Loan Examiner||27,500 CNY|
|Loan Processing Manager||34,000 CNY|
|Loan Processor||31,600 CNY|
|Loan Quality Assurance Auditor||36,200 CNY|
|Loan Quality Assurance Manager||40,300 CNY|
|Loan Quality Assurance Representative||32,200 CNY|
|Loan Review Manager||36,400 CNY|
|Loan Team Leader||36,500 CNY|
|Mortgage Advisor||34,900 CNY|
|Mortgage Collection Manager||39,100 CNY|
|Mortgage Collector||26,800 CNY|
|Mortgage Credit Analyst||31,000 CNY|
|Mortgage Credit Manager||35,200 CNY|
|Mortgage Development Manager||43,500 CNY|
|Mortgage Document Reviewer||27,800 CNY|
|Mortgage Funding Manager||44,500 CNY|
|Mortgage Operations Manager||49,200 CNY|
|Mortgage Payment Processing Clerk||25,700 CNY|
|Mortgage Processing Manager||40,500 CNY|
|Mortgage Processor||28,800 CNY|
|Mortgage Quality Assurance Auditor||36,700 CNY|
|Mortgage Quality Assurance Manager||38,500 CNY|
|Mortgage Servicing Clerk||22,600 CNY|
|Mortgage Servicing Manager||39,400 CNY|
|Mortgage Underwriter||26,700 CNY|
|Online Banking Manager||49,600 CNY|
|Payment Processing Clerk||24,200 CNY|
|Personal Banker||36,000 CNY|
|Personal Banking Advisor||35,200 CNY|
|Phone Banker||30,100 CNY|
|Private Banker||38,700 CNY|
|Reconciliation and Investigation Specialist||34,300 CNY|
|Trade Officer||26,500 CNY|
|Trade Product Manager||39,200 CNY|
|Treasury Operations Officer||32,600 CNY|
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+1%|
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.
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.
The average salary for Banking is 13% more than that of All Jobs.