HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Finance President Average Salary in China 2024

How much money does a person working as Finance President make in China?


Average Monthly Salary
58,600 CNY
( 704,000 CNY yearly)

LOW
27,600
CNY
AVERAGE
58,600
CNY
HIGH
92,600
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 Finance President in China typically earns around 58,600 CNY. Salaries range from 27,600 CNY (lowest) to 92,600 CNY (highest).


Salary Variance

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



Finance President Pay Scale and Salaries in China

Median and salary distribution China Finance President monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/median-and-salary-distribution-monthly-china-finance-president.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
55,200 CNY or more
10% of people earn
48,500 to 55,200 CNY
20% of people earn
33,800 CNY or less
65% of people earn
33,800 to 48,500 CNY
Minimum Salary
27,600 CNY
Median
55,600 CNY
Maximum
92,600 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 for the position Finance President in China range from 27,600 CNY (starting salary) to 92,600 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 55,600 CNY, half of the professionals who work as Finance President 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 Finance President in China earn less than 45,000 CNY, while 75% earn more. Similarly, the chart shows that 75% earn less than 63,900 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 Finance President in China compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 33,800 CNY to 48,500 CNY. About 20% of salaries are below the 33,800 CNY mark, while 10% fall within the range of 48,500 CNY to 55,200 CNY. Only 5% of individuals have salaries exceeding 55,200 CNY.

Salary Comparison by Years of Experience / Finance President / China

How do experience and age affect pay?

0 - 2 Years
31,800 CNY
2 - 5 Years+38%
43,800 CNY
5 - 10 Years+42%
62,400 CNY
10 - 15 Years+22%
76,100 CNY
15 - 20 Years+6%
80,300 CNY
20+ Years+9%
87,400 CNY
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly China Finance President
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/salary-comparison-by-years-of-experience-monthly-china-finance-president.jpg

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 Finance President 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 31,800 CNY.

While someone with an experience level between two and five years is expected to earn 43,800 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 62,400 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 76,100 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 80,300 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 87,400 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Finance President / China

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Finance President.

Certificate or Diploma
39,300 CNY
Bachelor's Degree+20%
47,100 CNY
Master's Degree+44%
67,900 CNY
PhD+29%
87,400 CNY
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly China Finance President
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/salary-comparison-by-education-level-monthly-china-finance-president.jpg

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 Finance President in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 39,300 CNY.


Level 2: Bachelor's Degree

At this level, the average salary becomes 47,100 CNY, 20% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 67,900 CNY, 44% more than the previous level.


Level 4: PhD

At this level, the average salary becomes 87,400 CNY, 29% 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Finance President / China

Salary comparison by gender China Finance President monthly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/salary-comparison-by-gender-monthly-china-finance-president.jpg

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 Finance President in China, the average difference between the salary of male and female employees is 10%.

Male
61,700 CNY
Female-9%
56,100 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/salary-comparison-by-gender-monthly-china.jpg


Average Annual Salary Increment Percentage / Finance President / China

How much are annual salary increments in China for individuals working as Finance President? How often do employees get salary raises?

Individuals working as Finance President in China are likely to observe a salary increase of approximately 14% 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 Finance President
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/annual-salary-increment-rate-china-finance-president.jpg


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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/annual-salary-increment-rate-china.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

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 / Finance President / China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Finance President
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/china/accounting-and-finance/finance-president/annual-salary-bonus-rate-china-finance-president.jpg

14% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 86% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
86%
No Bonus
14%

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 / Finance President / China


340 CNY per hour

The average hourly wage (pay per hour) for individuals working as Finance President in China is 340 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 Finance President in China is 160 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
Accounting and Finance-100%
Account Examiner14,700 CNY-75%
Account Executive26,300 CNY-55%
Accountant19,400 CNY-67%
Accounting Analyst24,400 CNY-58%
Accounting Assistant15,900 CNY-73%
Accounting Associate14,800 CNY-75%
Accounting Clerk12,500 CNY-79%
Accounting Coordinator17,600 CNY-70%
Accounting Head41,600 CNY-29%
Accounting Manager43,600 CNY-26%
Accounting Officer15,400 CNY-74%
Accounting Specialist29,400 CNY-50%
Accounting Supervisor28,000 CNY-52%
Accounting Technician14,100 CNY-76%
Accounting Unit Controller34,700 CNY-41%
Accounts Executive26,700 CNY-54%
Accounts Officer16,100 CNY-73%
Accounts Payable and Receivable Specialist21,700 CNY-63%
Accounts Payable Assistant16,800 CNY-71%
Accounts Payable Associate19,600 CNY-67%
Accounts Payable Clerk15,900 CNY-73%
Accounts Payable Manager40,000 CNY-32%
Accounts Receivable Administrator31,000 CNY-47%
Accounts Receivable Clerk15,700 CNY-73%
Accounts Receivable Financial Analyst28,400 CNY-52%
Accounts Receivable Manager38,900 CNY-34%
Accounts Receivable Team Leader31,000 CNY-47%
Algorithmic Trading Specialist37,500 CNY-36%
Assistant Accountant15,500 CNY-74%
Assistant Accounting Manager38,500 CNY-34%
Assistant Auditor20,700 CNY-65%
Assistant Corporate Controller27,700 CNY-53%
Assistant Finance Manager41,300 CNY-30%
Assistant Financial Controller29,200 CNY-50%
Audit Director49,500 CNY-16%
Audit Supervisor37,300 CNY-36%
Auditing Clerk16,100 CNY-73%
Auditing Manager41,500 CNY-29%
Billing Clerk16,200 CNY-72%
Billing Coordinator18,300 CNY-69%
Billing Specialist21,400 CNY-64%
Billing Supervisor31,500 CNY-46%
Bookkeeper14,200 CNY-76%
Bookkeeping Specialist19,200 CNY-67%
Budget Analyst35,000 CNY-40%
Budget Manager43,800 CNY-25%
Business Support Analyst23,300 CNY-60%
Capital Markets Associate30,500 CNY-48%
Cash Flow Analyst30,300 CNY-48%
Cash Management Manager41,500 CNY-29%
Cash Management Officer22,800 CNY-61%
Cashbook Clerk14,500 CNY-75%
Chartered Accountant26,500 CNY-55%
Chief Accountant29,700 CNY-49%
Chief Financial Technology Officer43,400 CNY-26%
Collections Clerk12,700 CNY-78%
Collections Representative17,900 CNY-69%
Collections Specialist21,600 CNY-63%
Corporate Controller32,600 CNY-44%
Corporate Treasurer40,500 CNY-31%
Cost Accountant21,000 CNY-64%
Cost Accounting Manager39,800 CNY-32%
Cost Accounting Supervisor32,300 CNY-45%
Cost Analyst33,400 CNY-43%
Credit and Collection Manager42,500 CNY-28%
Credit and Collection Staff16,200 CNY-72%
Credit and Loans Officer14,300 CNY-76%
Credit Controller29,100 CNY-50%
Credit Manager43,100 CNY-26%
Debt Adviser34,700 CNY-41%
Debt Collector16,000 CNY-73%
Debtors Clerk14,900 CNY-75%
Debtors Controller15,400 CNY-74%
Deputy CFO57,600 CNY-2%
Deputy Head of Finance56,900 CNY-3%
Derivative Trader34,900 CNY-40%
Director of Finance59,900 CNY+2%
E-commerce Accountant21,600 CNY-63%
Economist49,900 CNY-15%
Equity Analyst34,900 CNY-40%
Escrow Assistant19,300 CNY-67%
Executive Accountant24,100 CNY-59%
External Auditor29,200 CNY-50%
Finance Administrator24,500 CNY-58%
Finance Analyst37,600 CNY-36%
Finance Associate17,200 CNY-71%
Finance Data Analyst34,200 CNY-42%
Finance Director61,100 CNY+4%
Finance Executive44,300 CNY-24%
Finance Licensing Clerk14,900 CNY-75%
Finance Licensing Manager41,100 CNY-30%
Finance Licensing Specialist22,100 CNY-62%
Finance Manager60,500 CNY+3%
Finance Officer20,600 CNY-65%
Finance President58,600 CNY-0%
Finance Relationship Manager48,500 CNY-17%
Finance Release Analyst24,700 CNY-58%
Finance Specialist33,900 CNY-42%
Finance Team Leader 44,100 CNY-25%
Financial Accountant20,700 CNY-65%
Financial Actuary30,500 CNY-48%
Financial Administrator33,300 CNY-43%
Financial Advisor38,800 CNY-34%
Financial Analyst38,100 CNY-35%
Financial Applications Specialist27,100 CNY-54%
Financial Assistant16,500 CNY-72%
Financial Associate19,300 CNY-67%
Financial Claims Analyst26,500 CNY-55%
Financial Claims Manager36,600 CNY-38%
Financial Claims Supervisor35,500 CNY-39%
Financial Clerk16,100 CNY-73%
Financial Commercial Analyst28,700 CNY-51%
Financial Compliance Analyst33,000 CNY-44%
Financial Compliance Officer31,700 CNY-46%
Financial Consultant27,800 CNY-53%
Financial Controller33,100 CNY-44%
Financial Coordinator18,800 CNY-68%
Financial Customer Service Manager39,400 CNY-33%
Financial Data Scientist38,900 CNY-34%
Financial Dealer and Broker21,900 CNY-63%
Financial Director62,800 CNY+7%
Financial Encoder17,600 CNY-70%
Financial Manager55,500 CNY-5%
Financial Modelling Analyst35,500 CNY-39%
Financial Operations Manager54,800 CNY-7%
Financial Policy Analyst32,200 CNY-45%
Financial Project Manager41,300 CNY-30%
Financial Quantitative Analyst34,200 CNY-42%
Financial Reporting Consultant29,300 CNY-50%
Financial Reporting Manager39,700 CNY-32%
Financial Section Head38,100 CNY-35%
Financial Services Manager52,700 CNY-10%
Financial Services Sales Agent21,700 CNY-63%
Financial Technology Consultant32,500 CNY-45%
Financial Wellness Coach44,300 CNY-24%
FinTech Analyst35,200 CNY-40%
Fixed Assets Administrator22,400 CNY-62%
Forensic Accountant24,500 CNY-58%
Fraud Detection Supervisor25,200 CNY-57%
Fraud Prevention Manager43,500 CNY-26%
Fund Accountant19,300 CNY-67%
Grants Coordinator15,300 CNY-74%
Green Finance Analyst32,400 CNY-45%
Group Financial Manager59,300 CNY+1%
Internal Auditor26,400 CNY-55%
Internal Control Adviser32,100 CNY-45%
Internal Control Officer18,600 CNY-68%
International Tax Director50,500 CNY-14%
Inventory Accountant22,400 CNY-62%
Investment Advisor56,500 CNY-4%
Investment Analyst39,400 CNY-33%
Investment Associate33,500 CNY-43%
Investment Broker35,000 CNY-40%
Investment Fund Manager46,500 CNY-21%
Investment Operations Manager43,900 CNY-25%
Investment Underwriter16,700 CNY-72%
Investor26,900 CNY-54%
Investor Relations Manager39,600 CNY-32%
KYC Team Leader40,100 CNY-32%
Loan Processor16,600 CNY-72%
Management Accountant22,100 CNY-62%
Management Economist45,800 CNY-22%
Paymaster16,000 CNY-73%
Payroll Administrator28,000 CNY-52%
Payroll Benefits Coordinator22,700 CNY-61%
Payroll Billing Manager39,100 CNY-33%
Payroll Clerk17,500 CNY-70%
Payroll Manager38,400 CNY-35%
Payroll Officer17,700 CNY-70%
Payroll Specialist22,000 CNY-62%
Payroll Supervisor25,300 CNY-57%
Pensions Administrator20,800 CNY-65%
Personal Financial Advisor29,400 CNY-50%
Pricing Analyst34,800 CNY-41%
Private Equity Analyst38,200 CNY-35%
Project Accountant22,100 CNY-62%
Proposal Development Coordinator17,500 CNY-70%
Quantitative Trader30,400 CNY-48%
Receivables Accountant19,000 CNY-68%
Regulatory Accountant23,100 CNY-61%
Retirement Plan Analyst32,600 CNY-44%
Revenue Management Specialist35,400 CNY-40%
Revenue Recognition Analyst38,200 CNY-35%
Risk Management Director51,400 CNY-12%
Risk Management Supervisor40,000 CNY-32%
Staff Accountant19,100 CNY-67%
Tax Accountant19,500 CNY-67%
Tax Administrator21,500 CNY-63%
Tax Advisor31,800 CNY-46%
Tax Analyst30,000 CNY-49%
Tax Associate18,300 CNY-69%
Tax Consultant32,700 CNY-44%
Tax Director49,600 CNY-15%
Tax Examiner21,400 CNY-64%
Tax Manager43,200 CNY-26%
Tax Research Manager40,800 CNY-30%
Teller12,500 CNY-79%
Treasury Accountant21,600 CNY-63%
Treasury Analyst33,200 CNY-43%
Underwriter14,000 CNY-76%
Underwriting Assistant13,800 CNY-76%
Vice President of Finance56,000 CNY-5%

Salary Comparison By City

CityAverage Salary
Beijing65,700 CNY
Guangzhou67,500 CNY
Shanghai68,600 CNY
Shenzhen63,400 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 Finance President in China?

A good and competitive compensation would range anywhere between 55,600 CNY and 63,900 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 Finance President in China ranges from 27,600 CNY to 45,000 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


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic

©Salary Explorer 2024