Banking Average Salaries in China 2021
How much money does a person working in Banking make in China?
LOW
10,000
CNY AVERAGE
31,900
CNY HIGH
65,400
CNY
A person working in Banking in China typically earns around 31,900 CNY per month. Salaries range from 10,000 CNY (lowest average) to 65,400 CNY (highest average, actual maximum salary is higher).
This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| AML Analyst | 43,100 CNY |
| Assistant Bank Branch Manager | 37,100 CNY |
| Assistant Bank Manager | 50,800 CNY |
| ATM Manager | 44,800 CNY |
| ATM Service Technician | 11,700 CNY |
| Bank Accounts Analyst | 16,800 CNY |
| Bank Accounts Controller | 21,200 CNY |
| Bank Accounts Executive | 32,900 CNY |
| Bank Accounts Manager | 36,000 CNY |
| Bank Auditing Manager | 39,300 CNY |
| Bank Branch Manager | 53,600 CNY |
| Bank Clerk | 10,300 CNY |
| Bank Compliance Specialist | 26,800 CNY |
| Bank Manager | 60,500 CNY |
| Bank Operational Risk Manager | 63,000 CNY |
| Bank Operations Head | 62,600 CNY |
| Bank Operations Officer | 24,100 CNY |
| Bank Operations Specialist | 39,500 CNY |
| Bank Process Manager | 33,600 CNY |
| Bank Product Manager | 41,600 CNY |
| Bank Programme Manager | 40,500 CNY |
| Bank Project Manager | 47,100 CNY |
| Bank Propositions Manager | 45,300 CNY |
| Bank Quantitative Analyst | 31,900 CNY |
| Bank Regional Manager | 64,400 CNY |
| Bank Regional Risk Officer | 32,900 CNY |
| Bank Relationship Manager | 44,600 CNY |
| Bank Relationship Officer | 21,000 CNY |
| Banker | 22,100 CNY |
| Banking Business Analyst | 32,600 CNY |
| Banking Business Development Officer | 20,100 CNY |
| Banking Business Planning Executive | 45,600 CNY |
| Banking Product Manager | 41,300 CNY |
| Banking Reference Data Manager | 36,600 CNY |
| Banking Risk Analyst | 30,500 CNY |
| Banking Technical Analyst | 17,100 CNY |
| Bankruptcy Coordinator | 22,200 CNY |
| Budget Analyst | 32,000 CNY |
| Cards Marketing Manager | 39,600 CNY |
| Cash Management Manager | 58,500 CNY |
| Check Processing Manager | 40,900 CNY |
| Commercial Vault Associate | 30,600 CNY |
| Corporate Dealer | 34,100 CNY |
| Credit Analyst | 25,300 CNY |
| Credit and Collections Manager | 41,600 CNY |
| Credit Card Fraud Investigator | 33,300 CNY |
| Credit Portfolio Manager | 58,000 CNY |
| Credit Risk Analyst | 34,600 CNY |
| Credit Risk Associate | 34,800 CNY |
| Direct Bank Sales Representative | 23,900 CNY |
| Financial Bank Planning Consultant | 41,800 CNY |
| Financial Banking Analysis Manager | 49,000 CNY |
| Financial Banking Assistant | 15,000 CNY |
| Financial Banking Systems Manager | 44,800 CNY |
| Foreign Exchange Manager | 45,300 CNY |
| Fraud Analyst | 34,500 CNY |
| Fraud Detection Associate | 23,500 CNY |
| Fraud Detection Manager | 50,900 CNY |
| Fraud Detection Supervisor | 26,800 CNY |
| Internal Bank Audit Manager | 61,000 CNY |
| Internal Bank Auditor | 30,700 CNY |
| International Banking Manager | 67,800 CNY |
| Loan Analyst | 31,900 CNY |
| Loan Area Manager | 37,400 CNY |
| Loan Audit Team Leader | 35,000 CNY |
| Loan Branch Manager | 36,300 CNY |
| Loan Business Development Officer | 20,400 CNY |
| Loan Clerk | 11,300 CNY |
| Loan Collection Manager | 39,900 CNY |
| Loan Collector | 10,800 CNY |
| Loan Examiner | 13,600 CNY |
| Loan Processing Manager | 35,000 CNY |
| Loan Processor | 13,800 CNY |
| Loan Quality Assurance Auditor | 32,500 CNY |
| Loan Quality Assurance Manager | 37,700 CNY |
| Loan Quality Assurance Representative | 23,800 CNY |
| Loan Review Manager | 37,500 CNY |
| Loan Team Leader | 31,700 CNY |
| Mortgage Advisor | 22,800 CNY |
| Mortgage Collection Manager | 36,300 CNY |
| Mortgage Collector | 10,600 CNY |
| Mortgage Credit Analyst | 16,200 CNY |
| Mortgage Credit Manager | 35,700 CNY |
| Mortgage Development Manager | 42,800 CNY |
| Mortgage Document Reviewer | 13,800 CNY |
| Mortgage Funding Manager | 42,700 CNY |
| Mortgage Operations Manager | 58,300 CNY |
| Mortgage Payment Processing Clerk | 12,200 CNY |
| Mortgage Processing Manager | 35,700 CNY |
| Mortgage Processor | 14,700 CNY |
| Mortgage Quality Assurance Auditor | 32,900 CNY |
| Mortgage Quality Assurance Manager | 35,600 CNY |
| Mortgage Servicing Clerk | 10,700 CNY |
| Mortgage Servicing Manager | 35,600 CNY |
| Mortgage Underwriter | 13,900 CNY |
| Online Banking Manager | 54,500 CNY |
| Payment Processing Clerk | 11,600 CNY |
| Personal Banker | 22,300 CNY |
| Personal Banking Advisor | 24,800 CNY |
| Phone Banker | 16,100 CNY |
| Private Banker | 22,400 CNY |
| Reconciliation and Investigation Specialist | 26,900 CNY |
| Teller | 10,900 CNY |
| Trade Officer | 13,000 CNY |
| Trade Product Manager | 39,000 CNY |
| Trader | 15,400 CNY |
| Treasury Operations Officer | 28,300 CNY |
Banking Jobs Salary Distribution in China
The median, the maximum, the minimum, and the range
Salary Range
Banking salaries in China range from 10,000 CNY per month (minimum average salary) to 65,400 CNY per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 31,900 CNY per month, which means that half (50%) of people working in Banking are earning less than 31,900 CNY while the other half are earning more than 31,900 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 people working in Banking are earning less than 18,800 CNY while 75% of them are earning more than 18,800 CNY. Also from the diagram, 75% of people working in Banking are earning less than 48,600 CNY while 25% are earning more than 48,600 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
Salary Comparison by Years of Experience
How does a person's salary progress over time?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.
Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.
Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.
As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.
Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.
Salary Comparison By Education
How does the education level affect your salary?
It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.
Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.
Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.
Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.
Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.
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 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Banking Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in China who work in Banking earn 6% more than their female counterparts on average.
| Male | 32,600 CNY | |
| Female | -5% | 30,900 CNY |
Salary Comparison By Gender in China for all Careers
Banking Average Annual Salary Increment Percentage in China
How much are annual salary increments in China for Banking professionals? How often do employees get salary raises?
Banking
Banking professionals in China are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
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
Annual Increment Rate By Industry 2020
| 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 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.
Worldwide Salary Raises: All Countries and All Jobs
Banking Bonus and Incentive Rates in China
How much and how often are bonuses being awarded?
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Banking is considered to be a high bonus-based field 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 in Banking 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 5% to 8% of their annual salary.
| Received Bonus | 79% | |
| No Bonus | 21% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Banking Hourly Average Wage in China
180 CNY per hourThe average hourly wage (pay per hour) in China is 180 CNY. This means that the average person in China earns approximately 180 CNY for every worked hour.
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.
Banking VS Other Jobs
The average salary for Banking is 9% more than that of All Jobs.
Salary Comparison By City
| City | Average Salary |
| Beijing | 36,500 CNY |
| Changchun | 30,400 CNY |
| Changsha | 28,900 CNY |
| Chengdu | 33,400 CNY |
| Chongqing | 36,900 CNY |
| Dalian | 30,100 CNY |
| Dongguan | 28,700 CNY |
| Foshan | 28,400 CNY |
| Fuzhou | 30,400 CNY |
| Guangzhou | 35,200 CNY |
| Hangzhou | 35,400 CNY |
| Harbin | 33,900 CNY |
| Jinan | 35,400 CNY |
| Kunming | 28,700 CNY |
| Nanjing | 31,900 CNY |
| Qingdao | 32,800 CNY |
| Quanzhou | 29,900 CNY |
| Shanghai | 34,500 CNY |
| Shantou | 31,100 CNY |
| Shenyang | 33,000 CNY |
| Shenzhen | 31,500 CNY |
| Suzhou | 30,700 CNY |
| Tianjin | 33,400 CNY |
| Wenzhou | 31,400 CNY |
| Wuhan | 36,500 CNY |
| Wuxi | 27,400 CNY |
| Xi an | 34,900 CNY |
| Xiamen | 29,200 CNY |
| Zhengzhou | 28,300 CNY |
Salary Comparison By State
| State | Average Salary |
| Anhui | 32,900 CNY |
| Beijing | 27,200 CNY |
| Chongqing | 29,000 CNY |
| Fujian | 30,900 CNY |
| Gansu | 28,500 CNY |
| Guangdong | 35,200 CNY |
| Guangxi | 32,200 CNY |
| Guizhou | 29,500 CNY |
| Hainan | 26,700 CNY |
| Hebei | 33,800 CNY |
| Heilongjiang | 30,200 CNY |
| Henan | 34,800 CNY |
| Hubei | 33,000 CNY |
| Hunan | 33,700 CNY |
| Jiangsu | 34,300 CNY |
| Jiangxi | 31,900 CNY |
| Jilin | 29,100 CNY |
| Liaoning | 31,600 CNY |
| Nei Monggol | 28,600 CNY |
| Ningxia | 26,700 CNY |
| Qinghai | 26,400 CNY |
| Shaanxi | 30,800 CNY |
| Shandong | 35,500 CNY |
| Shanghai | 28,400 CNY |
| Shanxi | 30,300 CNY |
| Sichuan | 35,000 CNY |
| Tianjin | 27,600 CNY |
| Xinjiang Uygur | 28,200 CNY |
| Xizang [Tibet] | 26,400 CNY |
| Yunnan | 32,700 CNY |
| Zhejiang | 33,300 CNY |
Government vs Private Sector Salary Comparison
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% | 30,100 CNY |
