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Accounting Manager Average Salary in China 2020

How much money does an Accounting Manager make in China?


Average Monthly Salary
43,600 CNY
( 523,000 CNY yearly)

LOW
20,900
CNY
AVERAGE
43,600
CNY
HIGH
68,400
CNY

A person working as an Accounting Manager in China typically earns around 43,600 CNY per month. Salaries range from 20,900 CNY (lowest) to 68,400 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 20,900 CNY per month (minimum salary) to 68,400 CNY per month (maximum salary).

  • Median Salary

    The median salary is 45,300 CNY per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 45,300 CNY while the other half are earning more than 45,300 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 Accounting Manager(s) are earning less than 29,800 CNY while 75% of them are earning more than 29,800 CNY. Also from the diagram, 75% of Accounting Manager(s) are earning less than 59,200 CNY while 25% are earning more than 59,200 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 24,500 CNY per month.

While someone with an experience level between two and five years is expected to earn 34,700 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 45,600 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 56,100 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 59,600 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 65,300 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
24,500 CNY
2 - 5 Years+42%
34,700 CNY
5 - 10 Years+31%
45,600 CNY
10 - 15 Years+23%
56,100 CNY
15 - 20 Years+6%
59,600 CNY
20+ Years+10%
65,300 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 30,400 CNY per month.

While someone with a Bachelor's Degree gets a salary of 48,500 CNY per month, 59% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 64,600 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
30,400 CNY
Bachelor's Degree+59%
48,500 CNY
Master's Degree+33%
64,600 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 147,000 Yuan Renminbi(s) to 440,000 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 on average.

Female
42,400 CNY
Male+9%
46,100 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

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 employees in China earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
28,500 CNY
Public Sector+6%
30,200 CNY
Percentage increase and decrease are relative to the previous value

Accounting Manager Average Hourly Wage in China


250 CNY per hour

The average hourly wage (pay per hour) in China is 250 CNY. This means that the average Accounting Manager in China earns approximately 250 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 47% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner14,700 CNY-66%
Account Executive26,300 CNY-40%
Accountant19,400 CNY-55%
Accounting Assistant15,900 CNY-64%
Accounting Associate14,800 CNY-66%
Accounting Clerk12,500 CNY-71%
Accounting Coordinator17,600 CNY-60%
Accounting Manager43,600 CNY+0%
Accounting Supervisor28,000 CNY-36%
Accounting Technician14,100 CNY-68%
Accounts Executive26,700 CNY-39%
Accounts Payable and Receivable Specialist21,700 CNY-50%
Accounts Payable Clerk15,900 CNY-64%
Accounts Payable Manager40,000 CNY-8%
Accounts Receivable Clerk15,700 CNY-64%
Accounts Receivable Manager38,900 CNY-11%
Assistant Accounting Manager38,500 CNY-12%
Assistant Auditor20,700 CNY-53%
Audit Supervisor37,300 CNY-14%
Auditing Clerk16,100 CNY-63%
Auditing Manager41,500 CNY-5%
Billing Coordinator18,300 CNY-58%
Billing Specialist21,400 CNY-51%
Billing Supervisor31,500 CNY-28%
Bookkeeper14,200 CNY-67%
Bookkeeping Specialist19,200 CNY-56%
Budget Analyst35,000 CNY-20%
Budget Manager43,800 CNY+0%
Business Support Analyst23,300 CNY-47%
Capital Markets Associate30,500 CNY-30%
Cash Flow Analyst30,300 CNY-30%
Cash Management Officer22,800 CNY-48%
Cashbook Clerk14,500 CNY-67%
Chartered Accountant26,500 CNY-39%
Collections Clerk12,700 CNY-71%
Collections Specialist21,600 CNY-50%
Corporate Treasurer40,500 CNY-7%
Cost Accountant21,000 CNY-52%
Cost Accounting Manager39,800 CNY-9%
Cost Analyst33,300 CNY-24%
Credit and Collection Manager42,500 CNY-2%
Credit and Collection Staff16,200 CNY-63%
Credit and Loans Officer14,300 CNY-67%
Credit Controller29,100 CNY-33%
Debt Adviser34,700 CNY-20%
Debt Collector16,000 CNY-63%
Debtors Clerk14,900 CNY-66%
Deputy CFO57,600 CNY+32%
Derivative Trader34,900 CNY-20%
Escrow Assistant19,300 CNY-56%
External Auditor29,200 CNY-33%
Finance Associate17,200 CNY-61%
Finance Executive44,300 CNY+2%
Finance Licensing Clerk14,900 CNY-66%
Finance Licensing Manager41,100 CNY-6%
Finance Licensing Specialist22,100 CNY-49%
Finance Officer20,600 CNY-53%
Finance President58,600 CNY+34%
Finance Relationship Manager48,500 CNY+11%
Finance Release Analyst24,700 CNY-43%
Finance Team Leader 44,100 CNY+1%
Financial Actuary30,500 CNY-30%
Financial Administrator33,300 CNY-24%
Financial Analyst38,100 CNY-13%
Financial Applications Specialist27,100 CNY-38%
Financial Assistant16,500 CNY-62%
Financial Associate17,000 CNY-61%
Financial Claims Analyst26,500 CNY-39%
Financial Claims Manager36,600 CNY-16%
Financial Commercial Analyst28,700 CNY-34%
Financial Compliance Analyst33,000 CNY-24%
Financial Consultant27,800 CNY-36%
Financial Controller34,000 CNY-22%
Financial Coordinator18,800 CNY-57%
Financial Customer Service Manager39,400 CNY-10%
Financial Dealer and Broker21,900 CNY-50%
Financial Encoder17,600 CNY-60%
Financial Manager55,000 CNY+26%
Financial Operations Manager54,800 CNY+26%
Financial Policy Analyst32,200 CNY-26%
Financial Project Manager41,300 CNY-5%
Financial Quantitative Analyst34,200 CNY-22%
Financial Reporting Consultant29,300 CNY-33%
Financial Reporting Manager39,700 CNY-9%
Financial Services Sales Agent21,700 CNY-50%
Fixed Assets Administrator22,400 CNY-49%
Forensic Accountant24,500 CNY-44%
Fraud Detection Supervisor25,200 CNY-42%
Fraud Prevention Manager43,500 CNY-0%
Fund Accountant19,300 CNY-56%
Grants Coordinator15,300 CNY-65%
Internal Auditor26,400 CNY-39%
Internal Control Adviser32,100 CNY-26%
Internal Control Officer18,600 CNY-57%
Inventory Accountant22,400 CNY-49%
Investment Analyst39,400 CNY-10%
Investment Fund Manager46,500 CNY+7%
Investment Underwriter16,700 CNY-62%
Investor26,900 CNY-38%
Investor Relations Manager39,600 CNY-9%
KYC Team Leader40,100 CNY-8%
Management Economist45,800 CNY+5%
Paymaster16,000 CNY-63%
Payroll Clerk17,500 CNY-60%
Payroll Manager38,400 CNY-12%
Pensions Administrator20,800 CNY-52%
Pricing Analyst34,800 CNY-20%
Private Equity Analyst38,200 CNY-12%
Proposal Development Coordinator17,500 CNY-60%
Receivables Accountant19,000 CNY-56%
Regulatory Accountant23,100 CNY-47%
Retirement Plan Analyst32,600 CNY-25%
Revenue Management Specialist35,400 CNY-19%
Revenue Recognition Analyst38,200 CNY-12%
Risk Management Director51,400 CNY+18%
Risk Management Supervisor40,000 CNY-8%
Tax Accountant19,500 CNY-55%
Tax Advisor31,800 CNY-27%
Tax Associate18,300 CNY-58%
Tax Manager43,200 CNY-1%
Teller12,500 CNY-71%
Treasury Accountant21,600 CNY-50%
Treasury Analyst33,200 CNY-24%
Underwriter14,000 CNY-68%
Underwriting Assistant13,800 CNY-68%
Vice President of Finance56,000 CNY+28%

Salary Comparison By City

CityAverage Salary
Beijing50,000 CNY
Changchun41,600 CNY
Changsha39,600 CNY
Chengdu45,700 CNY
Chongqing50,500 CNY
Dalian41,200 CNY
Dongguan39,200 CNY
Foshan38,900 CNY
Fuzhou41,500 CNY
Guangzhou48,200 CNY
Hangzhou48,400 CNY
Harbin46,300 CNY
Jinan48,400 CNY
Kunming39,300 CNY
Nanjing43,600 CNY
Qingdao44,900 CNY
Quanzhou40,900 CNY
Shanghai47,200 CNY
Shantou42,600 CNY
Shenyang45,100 CNY
Shenzhen43,100 CNY
Suzhou42,000 CNY
Tianjin45,700 CNY
Wenzhou43,000 CNY
Wuhan49,900 CNY
Wuxi37,400 CNY
Xi an47,700 CNY
Xiamen40,000 CNY
Zhengzhou38,700 CNY

Salary Comparison By State

StateAverage Salary
Anhui45,000 CNY
Beijing37,200 CNY
Chongqing39,700 CNY
Fujian42,300 CNY
Gansu38,900 CNY
Guangdong48,200 CNY
Guangxi44,100 CNY
Guizhou40,300 CNY
Hainan36,600 CNY
Hebei46,300 CNY
Heilongjiang41,300 CNY
Henan47,700 CNY
Hubei45,200 CNY
Hunan46,100 CNY
Jiangsu47,000 CNY
Jiangxi43,600 CNY
Jilin39,900 CNY
Liaoning43,300 CNY
Nei Monggol39,100 CNY
Ningxia36,600 CNY
Qinghai36,200 CNY
Shaanxi42,200 CNY
Shandong48,600 CNY
Shanghai38,900 CNY
Shanxi41,500 CNY
Sichuan47,900 CNY
Tianjin37,700 CNY
Xinjiang Uygur38,600 CNY
Xizang [Tibet]36,100 CNY
Yunnan44,700 CNY
Zhejiang45,600 CNY
12500 - 1

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