Accounting and Finance Average Salaries in China 2023
How much money does a person working in Accounting and Finance make in China?
LOW
12,200
CNY AVERAGE
30,200
CNY HIGH
60,600
CNY
A person working in Accounting and Finance in China typically earns around 30,200 CNY. Salaries range from 12,200 CNY (lowest average) to 60,600 CNY (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Accounting and Finance domain in China exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Account Examiner | 14,700 CNY |
| Account Executive | 26,300 CNY |
| Accountant | 19,400 CNY |
| Accounting Assistant | 15,900 CNY |
| Accounting Associate | 14,800 CNY |
| Accounting Clerk | 12,500 CNY |
| Accounting Coordinator | 17,600 CNY |
| Accounting Manager | 43,600 CNY |
| Accounting Supervisor | 28,000 CNY |
| Accounting Technician | 14,100 CNY |
| Accounts Executive | 26,700 CNY |
| Accounts Payable and Receivable Specialist | 21,700 CNY |
| Accounts Payable Clerk | 15,900 CNY |
| Accounts Payable Manager | 40,000 CNY |
| Accounts Receivable Clerk | 15,700 CNY |
| Accounts Receivable Manager | 38,900 CNY |
| Assistant Accounting Manager | 38,500 CNY |
| Assistant Auditor | 20,700 CNY |
| Audit Supervisor | 37,300 CNY |
| Auditing Clerk | 16,100 CNY |
| Auditing Manager | 41,500 CNY |
| Billing Coordinator | 18,300 CNY |
| Billing Specialist | 21,400 CNY |
| Billing Supervisor | 31,500 CNY |
| Bookkeeper | 14,200 CNY |
| Bookkeeping Specialist | 19,200 CNY |
| Budget Analyst | 35,000 CNY |
| Budget Manager | 43,800 CNY |
| Business Support Analyst | 23,300 CNY |
| Capital Markets Associate | 30,500 CNY |
| Cash Flow Analyst | 30,300 CNY |
| Cash Management Officer | 22,800 CNY |
| Cashbook Clerk | 14,500 CNY |
| Chartered Accountant | 26,500 CNY |
| Collections Clerk | 12,700 CNY |
| Collections Specialist | 21,600 CNY |
| Corporate Treasurer | 40,500 CNY |
| Cost Accountant | 21,000 CNY |
| Cost Accounting Manager | 39,800 CNY |
| Cost Analyst | 33,300 CNY |
| Credit and Collection Manager | 42,500 CNY |
| Credit and Collection Staff | 16,200 CNY |
| Credit and Loans Officer | 14,300 CNY |
| Credit Controller | 29,100 CNY |
| Debt Adviser | 34,700 CNY |
| Debt Collector | 16,000 CNY |
| Debtors Clerk | 14,900 CNY |
| Deputy CFO | 57,600 CNY |
| Derivative Trader | 34,900 CNY |
| Escrow Assistant | 19,300 CNY |
| External Auditor | 29,200 CNY |
| Finance Associate | 17,200 CNY |
| Finance Executive | 44,300 CNY |
| Finance Licensing Clerk | 14,900 CNY |
| Finance Licensing Manager | 41,100 CNY |
| Finance Licensing Specialist | 22,100 CNY |
| Finance Officer | 20,600 CNY |
| Finance President | 58,600 CNY |
| Finance Relationship Manager | 48,500 CNY |
| Finance Release Analyst | 24,700 CNY |
| Finance Team Leader | 44,100 CNY |
| Financial Actuary | 30,500 CNY |
| Financial Administrator | 33,300 CNY |
| Financial Analyst | 38,100 CNY |
| Financial Applications Specialist | 27,100 CNY |
| Financial Assistant | 16,500 CNY |
| Financial Associate | 17,000 CNY |
| Financial Claims Analyst | 26,500 CNY |
| Financial Claims Manager | 36,600 CNY |
| Financial Commercial Analyst | 28,700 CNY |
| Financial Compliance Analyst | 33,000 CNY |
| Financial Consultant | 27,800 CNY |
| Financial Controller | 34,000 CNY |
| Financial Coordinator | 18,800 CNY |
| Financial Customer Service Manager | 39,400 CNY |
| Financial Dealer and Broker | 21,900 CNY |
| Financial Encoder | 17,600 CNY |
| Financial Manager | 55,000 CNY |
| Financial Manager | 55,500 CNY |
| Financial Operations Manager | 54,800 CNY |
| Financial Policy Analyst | 32,200 CNY |
| Financial Project Manager | 41,300 CNY |
| Financial Quantitative Analyst | 34,200 CNY |
| Financial Reporting Consultant | 29,300 CNY |
| Financial Reporting Manager | 39,700 CNY |
| Financial Services Sales Agent | 21,700 CNY |
| Fixed Assets Administrator | 22,400 CNY |
| Forensic Accountant | 24,500 CNY |
| Fraud Detection Supervisor | 25,200 CNY |
| Fraud Prevention Manager | 43,500 CNY |
| Fund Accountant | 19,300 CNY |
| Grants Coordinator | 15,300 CNY |
| Internal Auditor | 26,400 CNY |
| Internal Control Adviser | 32,100 CNY |
| Internal Control Officer | 18,600 CNY |
| Inventory Accountant | 22,400 CNY |
| Investment Analyst | 39,400 CNY |
| Investment Fund Manager | 46,500 CNY |
| Investment Underwriter | 16,700 CNY |
| Investor | 26,900 CNY |
| Investor Relations Manager | 39,600 CNY |
| KYC Team Leader | 40,100 CNY |
| Management Economist | 45,800 CNY |
| Paymaster | 16,000 CNY |
| Payroll Clerk | 17,500 CNY |
| Payroll Manager | 38,400 CNY |
| Pensions Administrator | 20,800 CNY |
| Pricing Analyst | 34,800 CNY |
| Private Equity Analyst | 38,200 CNY |
| Proposal Development Coordinator | 17,500 CNY |
| Receivables Accountant | 19,000 CNY |
| Regulatory Accountant | 23,100 CNY |
| Retirement Plan Analyst | 32,600 CNY |
| Revenue Management Specialist | 35,400 CNY |
| Revenue Recognition Analyst | 38,200 CNY |
| Risk Management Director | 51,400 CNY |
| Risk Management Supervisor | 40,000 CNY |
| Tax Accountant | 19,500 CNY |
| Tax Advisor | 31,800 CNY |
| Tax Associate | 18,300 CNY |
| Tax Manager | 43,200 CNY |
| Teller | 12,500 CNY |
| Treasury Accountant | 21,600 CNY |
| Treasury Analyst | 33,200 CNY |
| Underwriter | 14,000 CNY |
| Underwriting Assistant | 13,800 CNY |
| Vice President of Finance | 56,000 CNY |
Accounting and Finance Jobs Pay Scale and Salaries in China
Salary Structure and Pay Scale Comparison
31,600 CNY or more
26,700 to 31,600 CNY
16,100 CNY or less
16,100 to 26,700 CNY
 12,200 CNY |
27,500 CNY |
60,600 CNY |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries in Accounting and Finance in China range from 12,200 CNY (starting average salary) to 60,600 CNY (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Accounting and Finance is 27,500 CNY, implying that half of the workforce in China earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Accounting and Finance in China earn less than 21,500 CNY, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 33,200 CNY, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Accounting and Finance in China. The analysis revealed that roughly 65% of all reported salaries fell within the range of 16,100 CNY to 26,700 CNY. Approximately 20% of salaries were below the 16,100 CNY mark, while 10% ranged from 26,700 CNY to 31,600 CNY. Only 5% of individuals earned a gross salary of 31,600 CNY or higher.
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 in Accounting and Finance in China 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 degree levels across many jobs in Accounting and Finance in China, 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 certificate 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 CNY to 439,000 CNY and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
The decision really depends on the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Accounting and Finance / China
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Accounting and Finance in China, the average difference between the salary of male and female employees is 6%.
| Male | 30,900 CNY | |
| Female | -5% | 29,300 CNY |
Salary Comparison By Gender in China for all Careers
Average Annual Salary Increment Percentage / Accounting and Finance / China
How much are annual salary increments in China for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance 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 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
Annual Increment Rate By Industry 2022
| 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 2022. 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
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 / Accounting and Finance / China
How much and how often are bonuses being awarded?
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21% of surveyed staff in Accounting and Finance 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.
Salary Forecast and Trend / Accounting and Finance / China
How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 27,500 CNY | |
| Average Salary 2020 | +3% | 28,300 CNY |
| Average Salary 2021 | +2% | 28,700 CNY |
| Average Salary 2022 | +3% | 29,600 CNY |
Salaries for individuals working in Accounting and Finance in China are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.
Hourly Average Wage / Accounting and Finance / China
170 CNY per hourThe average hourly wage (pay per hour) in Accounting and Finance in China is 170 CNY.This is the rate they get paid for every worked hour.
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 in Accounting and Finance in China is 70 CNY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Accounting and Finance VS Other Jobs
Salary Comparison By City
| City | Average Salary |
| Beijing | 34,600 CNY |
| Changchun | 28,800 CNY |
| Changsha | 27,400 CNY |
| Chengdu | 31,600 CNY |
| Chongqing | 35,000 CNY |
| Dalian | 28,500 CNY |
| Dongguan | 27,200 CNY |
| Foshan | 26,900 CNY |
| Fuzhou | 28,700 CNY |
| Guangzhou | 33,400 CNY |
| Hangzhou | 33,500 CNY |
| Harbin | 32,100 CNY |
| Jinan | 33,500 CNY |
| Kunming | 27,200 CNY |
| Nanjing | 30,200 CNY |
| Qingdao | 31,100 CNY |
| Quanzhou | 28,300 CNY |
| Shanghai | 32,600 CNY |
| Shantou | 29,500 CNY |
| Shenyang | 31,200 CNY |
| Shenzhen | 29,800 CNY |
| Suzhou | 29,100 CNY |
| Tianjin | 31,700 CNY |
| Wenzhou | 29,800 CNY |
| Wuhan | 34,500 CNY |
| Wuxi | 25,900 CNY |
| Xi an | 33,000 CNY |
| Xiamen | 27,700 CNY |
| Zhengzhou | 26,800 CNY |
Salary Comparison By State
| State | Average Salary |
| Anhui | 31,200 CNY |
| Beijing | 25,700 CNY |
| Chongqing | 27,500 CNY |
| Fujian | 29,200 CNY |
| Gansu | 27,000 CNY |
| Guangdong | 33,400 CNY |
| Guangxi | 30,500 CNY |
| Guizhou | 27,900 CNY |
| Hainan | 25,300 CNY |
| Hebei | 32,000 CNY |
| Heilongjiang | 28,600 CNY |
| Henan | 33,000 CNY |
| Hubei | 31,300 CNY |
| Hunan | 31,900 CNY |
| Jiangsu | 32,500 CNY |
| Jiangxi | 30,200 CNY |
| Jilin | 27,600 CNY |
| Liaoning | 30,000 CNY |
| Nei Monggol | 27,100 CNY |
| Ningxia | 25,300 CNY |
| Qinghai | 25,000 CNY |
| Shaanxi | 29,200 CNY |
| Shandong | 33,700 CNY |
| Shanghai | 26,900 CNY |
| Shanxi | 28,700 CNY |
| Sichuan | 33,200 CNY |
| Tianjin | 26,100 CNY |
| Xinjiang Uygur | 26,700 CNY |
| Xizang [Tibet] | 25,000 CNY |
| Yunnan | 30,900 CNY |
| Zhejiang | 31,600 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 | 28,500 CNY | |
| Public Sector | +6% | 30,100 CNY |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Accounting and Finance in China?
A good and competitive compensation would range anywhere between 27,500 CNY and 33,200 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 jobs in Accounting and Finance in China ranges from 21,500 CNY to 33,200 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
