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 salaries in China range from 18,300 CNY per month (minimum salary) to 59,900 CNY per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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.
|Certificate or Diploma|
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
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.
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 Accounting Manager is 33% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||17,200 CNY||-55%|
|Account Executive||27,700 CNY||-27%|
|Accounting Assistant||19,100 CNY||-50%|
|Accounting Associate||19,600 CNY||-49%|
|Accounting Clerk||14,600 CNY||-62%|
|Accounting Coordinator||15,400 CNY||-60%|
|Accounting Manager||38,100 CNY||-0%|
|Accounting Supervisor||26,900 CNY||-29%|
|Accounting Technician||17,400 CNY||-54%|
|Accounts Executive||25,200 CNY||-34%|
|Accounts Payable and Receivable Specialist||23,700 CNY||-38%|
|Accounts Payable Clerk||15,600 CNY||-59%|
|Accounts Payable Manager||29,800 CNY||-22%|
|Accounts Receivable Clerk||16,500 CNY||-57%|
|Accounts Receivable Manager||31,200 CNY||-18%|
|Assistant Accounting Manager||24,800 CNY||-35%|
|Assistant Auditor||21,600 CNY||-43%|
|Audit Supervisor||38,000 CNY||-0%|
|Auditing Clerk||19,200 CNY||-50%|
|Auditing Manager||38,800 CNY||+2%|
|Billing Coordinator||23,000 CNY||-40%|
|Billing Specialist||22,200 CNY||-42%|
|Billing Supervisor||27,700 CNY||-27%|
|Bookkeeping Specialist||19,900 CNY||-48%|
|Budget Analyst||23,400 CNY||-39%|
|Budget Manager||35,800 CNY||-6%|
|Business Support Analyst||26,400 CNY||-31%|
|Capital Markets Associate||29,700 CNY||-22%|
|Cash Flow Analyst||28,500 CNY||-25%|
|Cash Management Officer||26,400 CNY||-31%|
|Cashbook Clerk||18,900 CNY||-50%|
|Chartered Accountant||25,400 CNY||-33%|
|Collections Clerk||15,000 CNY||-61%|
|Collections Specialist||19,900 CNY||-48%|
|Corporate Treasurer||52,500 CNY||+38%|
|Cost Accountant||24,000 CNY||-37%|
|Cost Accounting Manager||30,100 CNY||-21%|
|Cost Analyst||29,600 CNY||-22%|
|Credit and Collection Manager||34,600 CNY||-9%|
|Credit and Collection Staff||16,900 CNY||-56%|
|Credit and Loans Officer||15,800 CNY||-59%|
|Credit Controller||28,400 CNY||-26%|
|Debt Adviser||36,300 CNY||-5%|
|Debt Collector||24,200 CNY||-37%|
|Debtors Clerk||22,200 CNY||-42%|
|Deputy CFO||51,300 CNY||+35%|
|Derivative Trader||39,800 CNY||+4%|
|Escrow Assistant||24,500 CNY||-36%|
|External Auditor||29,900 CNY||-22%|
|Finance Associate||21,400 CNY||-44%|
|Finance Executive||48,000 CNY||+26%|
|Finance Licensing Clerk||18,200 CNY||-52%|
|Finance Licensing Manager||30,500 CNY||-20%|
|Finance Licensing Specialist||22,700 CNY||-40%|
|Finance Officer||34,300 CNY||-10%|
|Finance President||56,200 CNY||+47%|
|Finance Relationship Manager||40,800 CNY||+7%|
|Finance Release Analyst||28,200 CNY||-26%|
|Finance Team Leader||29,800 CNY||-22%|
|Financial Actuary||27,900 CNY||-27%|
|Financial Administrator||24,200 CNY||-37%|
|Financial Analyst||31,000 CNY||-19%|
|Financial Applications Specialist||20,600 CNY||-46%|
|Financial Assistant||17,700 CNY||-54%|
|Financial Associate||22,000 CNY||-42%|
|Financial Claims Analyst||26,000 CNY||-32%|
|Financial Claims Manager||30,900 CNY||-19%|
|Financial Commercial Analyst||24,300 CNY||-36%|
|Financial Compliance Analyst||29,300 CNY||-23%|
|Financial Consultant||27,600 CNY||-28%|
|Financial Controller||28,300 CNY||-26%|
|Financial Coordinator||24,700 CNY||-35%|
|Financial Customer Service Manager||36,300 CNY||-5%|
|Financial Dealer and Broker||25,400 CNY||-33%|
|Financial Encoder||16,500 CNY||-57%|
|Financial Manager||56,000 CNY||+47%|
|Financial Operations Manager||43,400 CNY||+14%|
|Financial Policy Analyst||29,000 CNY||-24%|
|Financial Project Manager||26,900 CNY||-29%|
|Financial Quantitative Analyst||30,600 CNY||-20%|
|Financial Reporting Consultant||28,000 CNY||-27%|
|Financial Reporting Manager||35,300 CNY||-7%|
|Financial Services Sales Agent||25,000 CNY||-34%|
|Fixed Assets Administrator||24,400 CNY||-36%|
|Forensic Accountant||23,000 CNY||-40%|
|Fraud Detection Supervisor||26,800 CNY||-30%|
|Fraud Prevention Manager||42,700 CNY||+12%|
|Fund Accountant||20,700 CNY||-46%|
|Grants Coordinator||18,500 CNY||-51%|
|Internal Auditor||28,600 CNY||-25%|
|Internal Control Adviser||30,000 CNY||-21%|
|Internal Control Officer||26,400 CNY||-31%|
|Inventory Accountant||47,600 CNY||+25%|
|Investment Analyst||36,000 CNY||-6%|
|Investment Fund Manager||39,500 CNY||+4%|
|Investment Underwriter||16,700 CNY||-56%|
|Investor Relations Manager||34,700 CNY||-9%|
|KYC Team Leader||34,900 CNY||-8%|
|Management Economist||30,900 CNY||-19%|
|Payroll Clerk||16,700 CNY||-56%|
|Payroll Manager||29,800 CNY||-22%|
|Pensions Administrator||21,500 CNY||-44%|
|Pricing Analyst||32,400 CNY||-15%|
|Private Equity Analyst||33,500 CNY||-12%|
|Proposal Development Coordinator||21,200 CNY||-44%|
|Receivables Accountant||19,300 CNY||-49%|
|Regulatory Accountant||23,200 CNY||-39%|
|Retirement Plan Analyst||29,300 CNY||-23%|
|Revenue Management Specialist||25,700 CNY||-33%|
|Revenue Recognition Analyst||37,300 CNY||-2%|
|Risk Management Director||47,400 CNY||+24%|
|Risk Management Supervisor||34,500 CNY||-10%|
|Tax Accountant||20,800 CNY||-45%|
|Tax Advisor||28,700 CNY||-25%|
|Tax Associate||23,200 CNY||-39%|
|Tax Manager||43,100 CNY||+13%|
|Treasury Accountant||22,200 CNY||-42%|
|Treasury Analyst||29,800 CNY||-22%|
|Underwriting Assistant||15,900 CNY||-58%|
|Vice President of Finance||41,200 CNY||+8%|
|Xi an||41,700 CNY|
|Nei Monggol||34,200 CNY|
|Xinjiang Uygur||33,800 CNY|
|Xizang [Tibet]||31,600 CNY|