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Accounting Manager Average Salary in China 2020

How much money does an Accounting Manager make in China?


Average Monthly Salary
38,100 CNY
( 458,000 CNY yearly)

LOW
18,300
CNY
AVERAGE
38,100
CNY
HIGH
59,900
CNY

A person working as an Accounting Manager in China typically earns around 38,100 CNY per month. Salaries range from 18,300 CNY (lowest) to 59,900 CNY (highest).

This is the average monthly salary including housing, transport, and other benefits. Accounting Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Accounting Manager Salary Distribution in China

Median and salary distribution monthly China Accounting Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in China range from 18,300 CNY per month (minimum salary) to 59,900 CNY per month (maximum salary).

  • Median Salary

    The median salary is 39,700 CNY per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 39,700 CNY while the other half are earning more than 39,700 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 Accounting Manager(s) are earning less than 26,100 CNY while 75% of them are earning more than 26,100 CNY. Also from the diagram, 75% of Accounting Manager(s) are earning less than 51,800 CNY while 25% are earning more than 51,800 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

Accounting Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly China Accounting Manager
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Accounting Manager salaries by experience level and this is what we found.

An Accounting Manager with less than two years of experience makes approximately 21,400 CNY per month.

While someone with an experience level between two and five years is expected to earn 30,400 CNY per month, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 39,900 CNY per month, 31% more than someone with two to five years of experience.

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.

Additionally, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 49,100 CNY per month, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 52,200 CNY per month, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 57,200 CNY per month, 10% more than people with fifteen to twenty years of experience.


Accounting Manager average salary change by experience in China

0 - 2 Years
21,400 CNY
2 - 5 Years+42%
30,400 CNY
5 - 10 Years+31%
39,900 CNY
10 - 15 Years+23%
49,100 CNY
15 - 20 Years+6%
52,200 CNY
20+ Years+10%
57,200 CNY
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Accounting Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Accounting Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly China Accounting Manager
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Accounting Manager salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Accounting Manager is 26,600 CNY per month.

While someone with a Bachelor's Degree gets a salary of 42,400 CNY per month, 59% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 56,600 CNY per month, 33% more than someone with a Bachelor's Degree.


Accounting Manager average salary difference by education level in China

Certificate or Diploma
26,600 CNY
Bachelor's Degree+59%
42,400 CNY
Master's Degree+33%
56,600 CNY
Percentage increase and decrease are relative to the previous value

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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly China Accounting Manager
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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 Accounting Manager employees in China earn 9% more than their female counterparts.

Female
37,100 CNY
Male+9%
40,400 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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Accounting Manager Average Annual Salary Increment Percentage in China

How much are annual salary increments in China for Accounting Manager(s)? How often do employees get salary raises?

Accounting Manager

Accounting Manager(s) in China are likely to observe a salary increase of approximately 13% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China Accounting Manager
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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 rarely 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 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in China for the year 2019. 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

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Accounting Manager Bonus and Incentive Rates in China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Accounting Manager
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An Accounting Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
84%
No Bonus
16%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

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 Accounting Manager 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

Accounting Manager Salary Trend and Forecast in China

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

Salary trends and forecast monthly China Accounting Manager
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Average Salary 2016
34,200 CNY
Average Salary 2017+4%
35,400 CNY
Average Salary 2018+3%
36,500 CNY
Average Salary 2019+3%
37,400 CNY
Percentage increase and decrease are relative to the previous value

Accounting Manager salaries in China are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% 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.

Accounting Manager Average Hourly Wage in China


220 CNY per hour

The average hourly wage (pay per hour) in China is 220 CNY. This means that the average Accounting Manager in China earns approximately 220 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.

Accounting Manager VS Other Jobs

Salary Comparison Between Accounting Manager and Accounting and Finance monthly China
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The average salary for Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner17,200 CNY-55%
Account Executive27,700 CNY-27%
Accountant19,000 CNY-50%
Accounting Assistant19,100 CNY-50%
Accounting Associate19,600 CNY-49%
Accounting Clerk14,600 CNY-62%
Accounting Coordinator15,400 CNY-60%
Accounting Manager38,100 CNY-0%
Accounting Supervisor26,900 CNY-29%
Accounting Technician17,400 CNY-54%
Accounts Executive25,200 CNY-34%
Accounts Payable and Receivable Specialist23,700 CNY-38%
Accounts Payable Clerk15,600 CNY-59%
Accounts Payable Manager29,800 CNY-22%
Accounts Receivable Clerk16,500 CNY-57%
Accounts Receivable Manager31,200 CNY-18%
Assistant Accounting Manager24,800 CNY-35%
Assistant Auditor21,600 CNY-43%
Audit Supervisor38,000 CNY-0%
Auditing Clerk19,200 CNY-50%
Auditing Manager38,800 CNY+2%
Billing Coordinator23,000 CNY-40%
Billing Specialist22,200 CNY-42%
Billing Supervisor27,700 CNY-27%
Bookkeeper16,000 CNY-58%
Bookkeeping Specialist19,900 CNY-48%
Budget Analyst23,400 CNY-39%
Budget Manager35,800 CNY-6%
Business Support Analyst26,400 CNY-31%
Capital Markets Associate29,700 CNY-22%
Cash Flow Analyst28,500 CNY-25%
Cash Management Officer26,400 CNY-31%
Cashbook Clerk18,900 CNY-50%
Chartered Accountant25,400 CNY-33%
Collections Clerk15,000 CNY-61%
Collections Specialist19,900 CNY-48%
Corporate Treasurer52,500 CNY+38%
Cost Accountant24,000 CNY-37%
Cost Accounting Manager30,100 CNY-21%
Cost Analyst29,600 CNY-22%
Credit and Collection Manager34,600 CNY-9%
Credit and Collection Staff16,900 CNY-56%
Credit and Loans Officer15,800 CNY-59%
Credit Controller28,400 CNY-26%
Debt Adviser36,300 CNY-5%
Debt Collector24,200 CNY-37%
Debtors Clerk22,200 CNY-42%
Deputy CFO51,300 CNY+35%
Derivative Trader39,800 CNY+4%
Escrow Assistant24,500 CNY-36%
External Auditor29,900 CNY-22%
Finance Associate21,400 CNY-44%
Finance Executive48,000 CNY+26%
Finance Licensing Clerk18,200 CNY-52%
Finance Licensing Manager30,500 CNY-20%
Finance Licensing Specialist22,700 CNY-40%
Finance Officer34,300 CNY-10%
Finance President56,200 CNY+47%
Finance Relationship Manager40,800 CNY+7%
Finance Release Analyst28,200 CNY-26%
Finance Team Leader 29,800 CNY-22%
Financial Actuary27,900 CNY-27%
Financial Administrator24,200 CNY-37%
Financial Analyst31,000 CNY-19%
Financial Applications Specialist20,600 CNY-46%
Financial Assistant17,700 CNY-54%
Financial Associate22,000 CNY-42%
Financial Claims Analyst26,000 CNY-32%
Financial Claims Manager30,900 CNY-19%
Financial Commercial Analyst24,300 CNY-36%
Financial Compliance Analyst29,300 CNY-23%
Financial Consultant27,600 CNY-28%
Financial Controller28,300 CNY-26%
Financial Coordinator24,700 CNY-35%
Financial Customer Service Manager36,300 CNY-5%
Financial Dealer and Broker25,400 CNY-33%
Financial Encoder16,500 CNY-57%
Financial Manager56,000 CNY+47%
Financial Operations Manager43,400 CNY+14%
Financial Policy Analyst29,000 CNY-24%
Financial Project Manager26,900 CNY-29%
Financial Quantitative Analyst30,600 CNY-20%
Financial Reporting Consultant28,000 CNY-27%
Financial Reporting Manager35,300 CNY-7%
Financial Services Sales Agent25,000 CNY-34%
Fixed Assets Administrator24,400 CNY-36%
Forensic Accountant23,000 CNY-40%
Fraud Detection Supervisor26,800 CNY-30%
Fraud Prevention Manager42,700 CNY+12%
Fund Accountant20,700 CNY-46%
Grants Coordinator18,500 CNY-51%
Internal Auditor28,600 CNY-25%
Internal Control Adviser30,000 CNY-21%
Internal Control Officer26,400 CNY-31%
Inventory Accountant47,600 CNY+25%
Investment Analyst36,000 CNY-6%
Investment Fund Manager39,500 CNY+4%
Investment Underwriter16,700 CNY-56%
Investor27,600 CNY-28%
Investor Relations Manager34,700 CNY-9%
KYC Team Leader34,900 CNY-8%
Management Economist30,900 CNY-19%
Paymaster21,100 CNY-45%
Payroll Clerk16,700 CNY-56%
Payroll Manager29,800 CNY-22%
Pensions Administrator21,500 CNY-44%
Pricing Analyst32,400 CNY-15%
Private Equity Analyst33,500 CNY-12%
Proposal Development Coordinator21,200 CNY-44%
Receivables Accountant19,300 CNY-49%
Regulatory Accountant23,200 CNY-39%
Retirement Plan Analyst29,300 CNY-23%
Revenue Management Specialist25,700 CNY-33%
Revenue Recognition Analyst37,300 CNY-2%
Risk Management Director47,400 CNY+24%
Risk Management Supervisor34,500 CNY-10%
Tax Accountant20,800 CNY-45%
Tax Advisor28,700 CNY-25%
Tax Associate23,200 CNY-39%
Tax Manager43,100 CNY+13%
Teller13,300 CNY-65%
Treasury Accountant22,200 CNY-42%
Treasury Analyst29,800 CNY-22%
Underwriter16,700 CNY-56%
Underwriting Assistant15,900 CNY-58%
Vice President of Finance41,200 CNY+8%

Salary Comparison By City

CityAverage Salary
Beijing43,700 CNY
Changchun36,400 CNY
Changsha34,600 CNY
Chengdu39,900 CNY
Chongqing44,200 CNY
Dalian36,100 CNY
Dongguan34,300 CNY
Foshan34,000 CNY
Fuzhou36,300 CNY
Guangzhou42,200 CNY
Hangzhou42,400 CNY
Harbin40,500 CNY
Jinan42,400 CNY
Kunming34,400 CNY
Nanjing38,200 CNY
Qingdao39,300 CNY
Quanzhou35,800 CNY
Shanghai41,300 CNY
Shantou37,300 CNY
Shenyang39,500 CNY
Shenzhen37,700 CNY
Suzhou36,800 CNY
Tianjin40,000 CNY
Wenzhou37,600 CNY
Wuhan43,700 CNY
Wuxi32,800 CNY
Xi an41,700 CNY
Xiamen35,000 CNY
Zhengzhou33,900 CNY

Salary Comparison By State

StateAverage Salary
Anhui39,400 CNY
Beijing32,500 CNY
Chongqing34,700 CNY
Fujian37,000 CNY
Gansu34,100 CNY
Guangdong42,200 CNY
Guangxi38,600 CNY
Guizhou35,300 CNY
Hainan32,000 CNY
Hebei40,500 CNY
Heilongjiang36,100 CNY
Henan41,700 CNY
Hubei39,500 CNY
Hunan40,300 CNY
Jiangsu41,100 CNY
Jiangxi38,200 CNY
Jilin34,900 CNY
Liaoning37,900 CNY
Nei Monggol34,200 CNY
Ningxia32,000 CNY
Qinghai31,700 CNY
Shaanxi36,900 CNY
Shandong42,600 CNY
Shanghai34,000 CNY
Shanxi36,300 CNY
Sichuan41,900 CNY
Tianjin33,000 CNY
Xinjiang Uygur33,800 CNY
Xizang [Tibet]31,600 CNY
Yunnan39,100 CNY
Zhejiang39,900 CNY
12500 - 1

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