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Accounting and Finance Average Salaries in China 2023

How much money does a person working in Accounting and Finance make in China?

Average Monthly Salary
30,200 CNY
( 362,000 CNY yearly)

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 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 TitleAverage Salary
Account Examiner14,700 CNY
Account Executive26,300 CNY
Accountant19,400 CNY
Accounting Assistant15,900 CNY
Accounting Associate14,800 CNY
Accounting Clerk12,500 CNY
Accounting Coordinator17,600 CNY
Accounting Manager43,600 CNY
Accounting Supervisor28,000 CNY
Accounting Technician14,100 CNY
Accounts Executive26,700 CNY
Accounts Payable and Receivable Specialist21,700 CNY
Accounts Payable Clerk15,900 CNY
Accounts Payable Manager40,000 CNY
Accounts Receivable Clerk15,700 CNY
Accounts Receivable Manager38,900 CNY
Assistant Accounting Manager38,500 CNY
Assistant Auditor20,700 CNY
Audit Supervisor37,300 CNY
Auditing Clerk16,100 CNY
Auditing Manager41,500 CNY
Billing Coordinator18,300 CNY
Billing Specialist21,400 CNY
Billing Supervisor31,500 CNY
Bookkeeper14,200 CNY
Bookkeeping Specialist19,200 CNY
Budget Analyst35,000 CNY
Budget Manager43,800 CNY
Business Support Analyst23,300 CNY
Capital Markets Associate30,500 CNY
Cash Flow Analyst30,300 CNY
Cash Management Officer22,800 CNY
Cashbook Clerk14,500 CNY
Chartered Accountant26,500 CNY
Collections Clerk12,700 CNY
Collections Specialist21,600 CNY
Corporate Treasurer40,500 CNY
Cost Accountant21,000 CNY
Cost Accounting Manager39,800 CNY
Cost Analyst33,300 CNY
Credit and Collection Manager42,500 CNY
Credit and Collection Staff16,200 CNY
Credit and Loans Officer14,300 CNY
Credit Controller29,100 CNY
Debt Adviser34,700 CNY
Debt Collector16,000 CNY
Debtors Clerk14,900 CNY
Deputy CFO57,600 CNY
Derivative Trader34,900 CNY
Escrow Assistant19,300 CNY
External Auditor29,200 CNY
Finance Associate17,200 CNY
Finance Executive44,300 CNY
Finance Licensing Clerk14,900 CNY
Finance Licensing Manager41,100 CNY
Finance Licensing Specialist22,100 CNY
Finance Officer20,600 CNY
Finance President58,600 CNY
Finance Relationship Manager48,500 CNY
Finance Release Analyst24,700 CNY
Finance Team Leader 44,100 CNY
Financial Actuary30,500 CNY
Financial Administrator33,300 CNY
Financial Analyst38,100 CNY
Financial Applications Specialist27,100 CNY
Financial Assistant16,500 CNY
Financial Associate17,000 CNY
Financial Claims Analyst26,500 CNY
Financial Claims Manager36,600 CNY
Financial Commercial Analyst28,700 CNY
Financial Compliance Analyst33,000 CNY
Financial Consultant27,800 CNY
Financial Controller34,000 CNY
Financial Coordinator18,800 CNY
Financial Customer Service Manager39,400 CNY
Financial Dealer and Broker21,900 CNY
Financial Encoder17,600 CNY
Financial Manager55,000 CNY
Financial Manager55,500 CNY
Financial Operations Manager54,800 CNY
Financial Policy Analyst32,200 CNY
Financial Project Manager41,300 CNY
Financial Quantitative Analyst34,200 CNY
Financial Reporting Consultant29,300 CNY
Financial Reporting Manager39,700 CNY
Financial Services Sales Agent21,700 CNY
Fixed Assets Administrator22,400 CNY
Forensic Accountant24,500 CNY
Fraud Detection Supervisor25,200 CNY
Fraud Prevention Manager43,500 CNY
Fund Accountant19,300 CNY
Grants Coordinator15,300 CNY
Internal Auditor26,400 CNY
Internal Control Adviser32,100 CNY
Internal Control Officer18,600 CNY
Inventory Accountant22,400 CNY
Investment Analyst39,400 CNY
Investment Fund Manager46,500 CNY
Investment Underwriter16,700 CNY
Investor26,900 CNY
Investor Relations Manager39,600 CNY
KYC Team Leader40,100 CNY
Management Economist45,800 CNY
Paymaster16,000 CNY
Payroll Clerk17,500 CNY
Payroll Manager38,400 CNY
Pensions Administrator20,800 CNY
Pricing Analyst34,800 CNY
Private Equity Analyst38,200 CNY
Proposal Development Coordinator17,500 CNY
Receivables Accountant19,000 CNY
Regulatory Accountant23,100 CNY
Retirement Plan Analyst32,600 CNY
Revenue Management Specialist35,400 CNY
Revenue Recognition Analyst38,200 CNY
Risk Management Director51,400 CNY
Risk Management Supervisor40,000 CNY
Tax Accountant19,500 CNY
Tax Advisor31,800 CNY
Tax Associate18,300 CNY
Tax Manager43,200 CNY
Teller12,500 CNY
Treasury Accountant21,600 CNY
Treasury Analyst33,200 CNY
Underwriter14,000 CNY
Underwriting Assistant13,800 CNY
Vice President of Finance56,000 CNY

Accounting and Finance Jobs Pay Scale and Salaries in China

Median and salary distribution China Accounting and Finance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
31,600 CNY or more
10% of people earn
26,700 to 31,600 CNY
20% of people earn
16,100 CNY or less
65% of people earn
16,100 to 26,700 CNY
Minimum Salary
12,200 CNY
27,500 CNY
60,600 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 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?

Salary Comparison By Experience Level
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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.

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.

Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.
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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

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

Salary comparison by gender China Accounting and Finance 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? In the field of Accounting and Finance in China, the average difference between the salary of male and female employees is 6%.

30,900 CNY
29,300 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 / 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.

Annual Salary Increment Rate China Accounting and Finance
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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%.

Annual Increment Rate By Industry 2022

Information Technology

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

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 / Accounting and Finance / China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Accounting and Finance
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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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

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
Percentage increase and decrease are relative to the previous value

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.

Salary trends and forecast monthly China Accounting and Finance
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Hourly Average Wage / Accounting and Finance / China

170 CNY per hour

The 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.

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 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

30,200 CNY
29,300 CNY
Average Salary
Accounting and Finance
Average Salary
All Jobs
Salary Comparison Between Accounting and Finance and Accounting and Finance monthly China
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Salary Comparison By City

CityAverage Salary
Beijing34,600 CNY
Changchun28,800 CNY
Changsha27,400 CNY
Chengdu31,600 CNY
Chongqing35,000 CNY
Dalian28,500 CNY
Dongguan27,200 CNY
Foshan26,900 CNY
Fuzhou28,700 CNY
Guangzhou33,400 CNY
Hangzhou33,500 CNY
Harbin32,100 CNY
Jinan33,500 CNY
Kunming27,200 CNY
Nanjing30,200 CNY
Qingdao31,100 CNY
Quanzhou28,300 CNY
Shanghai32,600 CNY
Shantou29,500 CNY
Shenyang31,200 CNY
Shenzhen29,800 CNY
Suzhou29,100 CNY
Tianjin31,700 CNY
Wenzhou29,800 CNY
Wuhan34,500 CNY
Wuxi25,900 CNY
Xi an33,000 CNY
Xiamen27,700 CNY
Zhengzhou26,800 CNY

Salary Comparison By State

StateAverage Salary
Anhui31,200 CNY
Beijing25,700 CNY
Chongqing27,500 CNY
Fujian29,200 CNY
Gansu27,000 CNY
Guangdong33,400 CNY
Guangxi30,500 CNY
Guizhou27,900 CNY
Hainan25,300 CNY
Hebei32,000 CNY
Heilongjiang28,600 CNY
Henan33,000 CNY
Hubei31,300 CNY
Hunan31,900 CNY
Jiangsu32,500 CNY
Jiangxi30,200 CNY
Jilin27,600 CNY
Liaoning30,000 CNY
Nei Monggol27,100 CNY
Ningxia25,300 CNY
Qinghai25,000 CNY
Shaanxi29,200 CNY
Shandong33,700 CNY
Shanghai26,900 CNY
Shanxi28,700 CNY
Sichuan33,200 CNY
Tianjin26,100 CNY
Xinjiang Uygur26,700 CNY
Xizang [Tibet]25,000 CNY
Yunnan30,900 CNY
Zhejiang31,600 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
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 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

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