A person working as a Financial Manager in China typically earns around 55,500 CNY per month. Salaries range from 29,900 CNY (lowest) to 83,700 CNY (highest).
This is the average monthly salary including housing, transport, and other benefits. Financial Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager salaries in China range from 29,900 CNY per month (minimum salary) to 83,700 CNY per month (maximum salary).
The median salary is 51,000 CNY per month, which means that half (50%) of people working as Financial Manager(s) are earning less than 51,000 CNY while the other half are earning more than 51,000 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 Financial Manager(s) are earning less than 36,400 CNY while 75% of them are earning more than 36,400 CNY. Also from the diagram, 75% of Financial Manager(s) are earning less than 62,000 CNY while 25% are earning more than 62,000 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 your wage. We broke down Financial Manager salaries by experience level and this is what we found.
A Financial Manager with less than two years of experience makes approximately 34,800 CNY per month.
While someone with an experience level between two and five years is expected to earn 43,900 CNY per month, 26% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 57,900 CNY per month, 32% more than someone with two to five years of experience.
Additionally, Financial Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 68,100 CNY per month, 18% 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 75,400 CNY per month, 11% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 80,200 CNY per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+26%|
|5 - 10 Years||+32%|
|10 - 15 Years||+18%|
|15 - 20 Years||+11%|
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 Financial Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Financial Manager is 43,900 CNY per month.
While someone with a Bachelor's Degree gets a salary of 57,900 CNY per month, 32% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 79,400 CNY per month, 37% 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 146,000 Yuan Renminbi(s) to 439,000 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 Financial Manager employees in China earn 7% more than their female counterparts on average.
Financial Manager(s) in China are likely to observe a salary increase of approximately 13% every 16 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 2020. 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.
A Financial 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.
21% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 7% 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.
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 Financial Manager is 84% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% more than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||14,700 CNY||-73%|
|Account Executive||26,300 CNY||-53%|
|Accounting Assistant||15,900 CNY||-71%|
|Accounting Associate||14,800 CNY||-73%|
|Accounting Clerk||12,500 CNY||-77%|
|Accounting Coordinator||17,600 CNY||-68%|
|Accounting Manager||43,600 CNY||-21%|
|Accounting Supervisor||28,000 CNY||-50%|
|Accounting Technician||14,100 CNY||-75%|
|Accounts Executive||26,700 CNY||-52%|
|Accounts Payable and Receivable Specialist||21,700 CNY||-61%|
|Accounts Payable Clerk||15,900 CNY||-71%|
|Accounts Payable Manager||40,000 CNY||-28%|
|Accounts Receivable Clerk||15,700 CNY||-72%|
|Accounts Receivable Manager||38,900 CNY||-30%|
|Assistant Accounting Manager||38,500 CNY||-31%|
|Assistant Auditor||20,700 CNY||-63%|
|Audit Supervisor||37,300 CNY||-33%|
|Auditing Clerk||16,100 CNY||-71%|
|Auditing Manager||41,500 CNY||-25%|
|Billing Coordinator||18,300 CNY||-67%|
|Billing Specialist||21,400 CNY||-61%|
|Billing Supervisor||31,500 CNY||-43%|
|Bookkeeping Specialist||19,200 CNY||-65%|
|Budget Analyst||35,000 CNY||-37%|
|Budget Manager||43,800 CNY||-21%|
|Business Support Analyst||23,300 CNY||-58%|
|Capital Markets Associate||30,500 CNY||-45%|
|Cash Flow Analyst||30,300 CNY||-45%|
|Cash Management Officer||22,800 CNY||-59%|
|Cashbook Clerk||14,500 CNY||-74%|
|Chartered Accountant||26,500 CNY||-52%|
|Collections Clerk||12,700 CNY||-77%|
|Collections Specialist||21,600 CNY||-61%|
|Corporate Treasurer||40,500 CNY||-27%|
|Cost Accountant||21,000 CNY||-62%|
|Cost Accounting Manager||39,800 CNY||-28%|
|Cost Analyst||33,300 CNY||-40%|
|Credit and Collection Manager||42,500 CNY||-23%|
|Credit and Collection Staff||16,200 CNY||-71%|
|Credit and Loans Officer||14,300 CNY||-74%|
|Credit Controller||29,100 CNY||-48%|
|Debt Adviser||34,700 CNY||-37%|
|Debt Collector||16,000 CNY||-71%|
|Debtors Clerk||14,900 CNY||-73%|
|Deputy CFO||57,600 CNY||+4%|
|Derivative Trader||34,900 CNY||-37%|
|Escrow Assistant||19,300 CNY||-65%|
|External Auditor||29,200 CNY||-47%|
|Finance Associate||17,200 CNY||-69%|
|Finance Executive||44,300 CNY||-20%|
|Finance Licensing Clerk||14,900 CNY||-73%|
|Finance Licensing Manager||41,100 CNY||-26%|
|Finance Licensing Specialist||22,100 CNY||-60%|
|Finance Officer||20,600 CNY||-63%|
|Finance President||58,600 CNY||+6%|
|Finance Relationship Manager||48,500 CNY||-13%|
|Finance Release Analyst||24,700 CNY||-55%|
|Finance Team Leader||44,100 CNY||-20%|
|Financial Actuary||30,500 CNY||-45%|
|Financial Administrator||33,300 CNY||-40%|
|Financial Analyst||38,100 CNY||-31%|
|Financial Applications Specialist||27,100 CNY||-51%|
|Financial Assistant||16,500 CNY||-70%|
|Financial Associate||17,000 CNY||-69%|
|Financial Claims Analyst||26,500 CNY||-52%|
|Financial Claims Manager||36,600 CNY||-34%|
|Financial Commercial Analyst||28,700 CNY||-48%|
|Financial Compliance Analyst||33,000 CNY||-40%|
|Financial Consultant||27,800 CNY||-50%|
|Financial Controller||34,000 CNY||-39%|
|Financial Coordinator||18,800 CNY||-66%|
|Financial Customer Service Manager||39,400 CNY||-29%|
|Financial Dealer and Broker||21,900 CNY||-61%|
|Financial Encoder||17,600 CNY||-68%|
|Financial Manager||55,500 CNY||+0%|
|Financial Operations Manager||54,800 CNY||-1%|
|Financial Policy Analyst||32,200 CNY||-42%|
|Financial Project Manager||41,300 CNY||-26%|
|Financial Quantitative Analyst||34,200 CNY||-38%|
|Financial Reporting Consultant||29,300 CNY||-47%|
|Financial Reporting Manager||39,700 CNY||-28%|
|Financial Services Sales Agent||21,700 CNY||-61%|
|Fixed Assets Administrator||22,400 CNY||-60%|
|Forensic Accountant||24,500 CNY||-56%|
|Fraud Detection Supervisor||25,200 CNY||-55%|
|Fraud Prevention Manager||43,500 CNY||-22%|
|Fund Accountant||19,300 CNY||-65%|
|Grants Coordinator||15,300 CNY||-72%|
|Internal Auditor||26,400 CNY||-52%|
|Internal Control Adviser||32,100 CNY||-42%|
|Internal Control Officer||18,600 CNY||-66%|
|Inventory Accountant||22,400 CNY||-60%|
|Investment Analyst||39,400 CNY||-29%|
|Investment Fund Manager||46,500 CNY||-16%|
|Investment Underwriter||16,700 CNY||-70%|
|Investor Relations Manager||39,600 CNY||-29%|
|KYC Team Leader||40,100 CNY||-28%|
|Management Economist||45,800 CNY||-17%|
|Payroll Clerk||17,500 CNY||-68%|
|Payroll Manager||38,400 CNY||-31%|
|Pensions Administrator||20,800 CNY||-62%|
|Pricing Analyst||34,800 CNY||-37%|
|Private Equity Analyst||38,200 CNY||-31%|
|Proposal Development Coordinator||17,500 CNY||-68%|
|Receivables Accountant||19,000 CNY||-66%|
|Regulatory Accountant||23,100 CNY||-58%|
|Retirement Plan Analyst||32,600 CNY||-41%|
|Revenue Management Specialist||35,400 CNY||-36%|
|Revenue Recognition Analyst||38,200 CNY||-31%|
|Risk Management Director||51,400 CNY||-7%|
|Risk Management Supervisor||40,000 CNY||-28%|
|Tax Accountant||19,500 CNY||-65%|
|Tax Advisor||31,800 CNY||-43%|
|Tax Associate||18,300 CNY||-67%|
|Tax Manager||43,200 CNY||-22%|
|Treasury Accountant||21,600 CNY||-61%|
|Treasury Analyst||33,200 CNY||-40%|
|Underwriting Assistant||13,800 CNY||-75%|
|Vice President of Finance||56,000 CNY||+1%|
|Xi an||57,900 CNY|
|Nei Monggol||52,300 CNY|
|Xinjiang Uygur||54,500 CNY|
|Xizang [Tibet]||46,300 CNY|
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.