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Insurance Project Manager Average Salary in China 2024

How much money does a person working as Insurance Project Manager make in China?


Average Monthly Salary
38,700 CNY
( 464,000 CNY yearly)

LOW
18,200
CNY
AVERAGE
38,700
CNY
HIGH
61,100
CNY
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Insurance Project Manager in China typically earns around 38,700 CNY. Salaries range from 18,200 CNY (lowest) to 61,100 CNY (highest).


Salary Variance

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



Insurance Project Manager Pay Scale and Salaries in China

Median and salary distribution China Insurance Project Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
36,400 CNY or more
10% of people earn
32,000 to 36,400 CNY
20% of people earn
22,300 CNY or less
65% of people earn
22,300 to 32,000 CNY
Minimum Salary
18,200 CNY
Median
36,700 CNY
Maximum
61,100 CNY




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Insurance Project Manager in China range from 18,200 CNY (starting salary) to 61,100 CNY (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 36,700 CNY, half of the professionals who work as Insurance Project Manager in China earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Insurance Project Manager in China earn less than 29,700 CNY, while 75% earn more. Similarly, the chart shows that 75% earn less than 42,200 CNY while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Insurance Project Manager in China compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 22,300 CNY to 32,000 CNY. About 20% of salaries are below the 22,300 CNY mark, while 10% fall within the range of 32,000 CNY to 36,400 CNY. Only 5% of individuals have salaries exceeding 36,400 CNY.

Salary Comparison by Years of Experience / Insurance Project Manager / China

How do experience and age affect pay?

0 - 2 Years
21,000 CNY
2 - 5 Years+38%
28,900 CNY
5 - 10 Years+42%
41,200 CNY
10 - 15 Years+22%
50,200 CNY
15 - 20 Years+6%
53,000 CNY
20+ Years+9%
57,700 CNY
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly China Insurance Project 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 the wage. We broke down salaries by experience level for people working as Insurance Project Manager and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 21,000 CNY.

While someone with an experience level between two and five years is expected to earn 28,900 CNY, 38% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 41,200 CNY, 42% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 50,200 CNY, 22% 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 53,000 CNY, 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 57,700 CNY, 9% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Insurance Project Manager / China

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Insurance Project Manager.

Bachelor's Degree
28,900 CNY
Master's Degree+83%
53,000 CNY
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly China Insurance Project 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 salaries by education level for the position Insurance Project Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 28,900 CNY.


Level 2: Master's Degree

At this level, the average salary becomes 53,000 CNY, 83% more than the previous level.



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 CNY to 441,000 CNY 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Insurance Project Manager / China

Salary comparison by gender China Insurance Project Manager monthly
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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? For the people who work as Insurance Project Manager in China, the average difference between the salary of male and female employees is 10%.

Male
40,700 CNY
Female-9%
37,000 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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Average Annual Salary Increment Percentage / Insurance Project Manager / China

How much are annual salary increments in China for individuals working as Insurance Project Manager? How often do employees get salary raises?

Individuals working as Insurance Project Manager in China are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China Insurance Project 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 rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Insurance Project Manager / China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Insurance Project Manager
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40% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 60% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.

Received Bonus
60%
No Bonus
40%

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.

Average Hourly Wage / Insurance Project Manager / China


220 CNY per hour

The average hourly wage (pay per hour) for individuals working as Insurance Project Manager in China is 220 CNY.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Insurance Project Manager in China is 100 CNY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Insurance-100%
Actuarial Analyst40,800 CNY+5%
Actuarial Assistant27,200 CNY-30%
Actuarial Specialist28,800 CNY-26%
Actuary38,300 CNY-1%
Adjustment Insurance Clerk10,900 CNY-72%
Assistant Broker19,200 CNY-50%
Assistant Claims Manager30,300 CNY-22%
Associate Insurance Representative15,700 CNY-59%
Auditing Insurance Manager45,300 CNY+17%
Blockchain Insurance Auditor26,300 CNY-32%
Broker29,300 CNY-24%
Claim Advocacy Professional28,200 CNY-27%
Claims Adjuster10,700 CNY-72%
Claims Analyst15,700 CNY-59%
Claims Examiner14,800 CNY-62%
Claims Manager42,100 CNY+9%
Claims Processor10,500 CNY-73%
Claims Representative13,600 CNY-65%
Claims Resolution Specialist31,700 CNY-18%
Claims Supervisor29,200 CNY-25%
Complaints Specialist25,900 CNY-33%
Compliance Examiner28,800 CNY-26%
Compliance Officer24,300 CNY-37%
Compliance Reviewer26,900 CNY-30%
Consultant30,300 CNY-22%
Drone Claims Adjuster12,800 CNY-67%
Eligibility Interviewer30,400 CNY-21%
Eligibility Specialist30,800 CNY-20%
Insurance Account Manager35,500 CNY-8%
Insurance Accounts Executive31,100 CNY-20%
Insurance Adjuster28,100 CNY-27%
Insurance Agent17,000 CNY-56%
Insurance Analyst28,500 CNY-26%
Insurance Appraiser29,800 CNY-23%
Insurance Claims Clerk10,400 CNY-73%
Insurance Compliance Officer32,700 CNY-15%
Insurance Data Scientist27,900 CNY-28%
Insurance Examiner26,900 CNY-30%
Insurance Fraud Investigator23,800 CNY-38%
Insurance Investigator28,800 CNY-26%
Insurance Manager50,000 CNY+29%
Insurance Operations Manager50,100 CNY+29%
Insurance Policy Processing Clerk10,800 CNY-72%
Insurance Pricing Assistant22,400 CNY-42%
Insurance Product Manager35,100 CNY-9%
Insurance Program Manager40,200 CNY+4%
Insurance Project Manager38,700 CNY+0%
Insurance Quality Assurance Agent25,700 CNY-34%
Insurance Sales Agent18,000 CNY-53%
Insurance Sales Director47,200 CNY+22%
Insurance Sales Manager39,400 CNY+2%
Insurance Sales Representative14,900 CNY-61%
Insurance Team Leader31,700 CNY-18%
Insurance Underwriter20,900 CNY-46%
Insurtech Analyst26,000 CNY-33%
Loss Control Specialist27,400 CNY-29%
Loss Prevention Investigator30,900 CNY-20%
Loss Prevention Manager40,800 CNY+5%
Loss Prevention Specialist31,200 CNY-19%
Marine Underwriter21,900 CNY-43%
Medical Auditor29,500 CNY-24%
Monitoring and Performance Officer19,800 CNY-49%
Parametric Insurance Specialist29,200 CNY-25%
Payment Services Specialist29,800 CNY-23%
Peer-to-Peer Insurance Manager35,600 CNY-8%
Policy Change Director47,400 CNY+23%
Policy Change Supervisor31,000 CNY-20%
Policy Change Technician14,500 CNY-63%
Risk Analyst33,100 CNY-14%
Risk Management Director54,200 CNY+40%
Risk Management Supervisor36,600 CNY-5%
Risk Manager56,900 CNY+47%
Risk Modeling Manager53,800 CNY+39%
Social Media Risk Analyst30,100 CNY-22%
Title Insurance Typist26,200 CNY-32%
Training Manager33,500 CNY-13%
Underwriting Assistant14,900 CNY-61%

Salary Comparison By City

CityAverage Salary
Beijing42,600 CNY
Guangzhou43,700 CNY
Shanghai42,300 CNY
Shenzhen36,600 CNY

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in China is 6% on average across all career fields.

Private Sector
28,600 CNY
Public Sector+6%
30,300 CNY
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Insurance Project Manager in China?

A good and competitive compensation would range anywhere between 36,700 CNY and 42,200 CNY. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Insurance Project Manager in China ranges from 18,200 CNY to 29,700 CNY. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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