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Chief Financial Officer Average Salary in China 2021

How much money does a Chief Financial Officer make in China?

Average Monthly Salary
61,400 CNY
( 736,000 CNY yearly)


A person working as a Chief Financial Officer in China typically earns around 61,400 CNY per month. Salaries range from 28,800 CNY (lowest) to 97,000 CNY (highest).

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

Chief Financial Officer Salary Distribution in China

Median and salary distribution monthly China Chief Financial Officer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Financial Officer salaries in China range from 28,800 CNY per month (minimum salary) to 97,000 CNY per month (maximum salary).

  • Median Salary

    The median salary is 65,000 CNY per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 65,000 CNY while the other half are earning more than 65,000 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 Chief Financial Officer(s) are earning less than 42,200 CNY while 75% of them are earning more than 42,200 CNY. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 85,900 CNY while 25% are earning more than 85,900 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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly China Chief Financial Officer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Chief Financial Officer salaries by experience level and this is what we found.

A Chief Financial Officer with less than two years of experience makes approximately 33,300 CNY per month.

While someone with an experience level between two and five years is expected to earn 45,900 CNY per month, 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 65,300 CNY per month, 42% more than someone with two to five 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.

Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 79,600 CNY per month, 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 84,000 CNY per month, 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 91,500 CNY per month, 9% more than people with fifteen to twenty years of experience.

Chief Financial Officer average salary change by experience in China

0 - 2 Years
33,300 CNY
2 - 5 Years+38%
45,900 CNY
5 - 10 Years+42%
65,300 CNY
10 - 15 Years+22%
79,600 CNY
15 - 20 Years+6%
84,000 CNY
20+ Years+9%
91,500 CNY
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Chief Financial Officer(s) who have the same experience but different education levels.

Salary comparison by education level monthly China Chief Financial Officer
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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 Chief Financial Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Financial Officer is 41,100 CNY per month.

While someone with a Certificate or Diploma gets a salary of 47,900 CNY per month, 17% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 69,700 CNY per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 91,500 CNY per month, 31% more than someone with Bachelor's Degree.

Chief Financial Officer average salary difference by education level in China

High School
41,100 CNY
Certificate or Diploma+17%
47,900 CNY
Bachelor's Degree+45%
69,700 CNY
Master's Degree+31%
91,500 CNY
Percentage increase and decrease are relative to the previous value

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 the thoery. 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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Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender monthly China Chief Financial Officer
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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? Male Chief Financial Officer employees in China earn 10% more than their female counterparts on average.

64,600 CNY
58,700 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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Chief Financial Officer Average Annual Salary Increment Percentage in China

How much are annual salary increments in China for Chief Financial Officer(s)? How often do employees get salary raises?

Chief Financial Officer

Chief Financial Officer(s) in China are likely to observe a salary increase of approximately 15% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China Chief Financial Officer
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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

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

The average salary increase in one year (12 months) in China is 7%.

Annual Increment Rate By Industry 2020

Information Technology

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

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Chief Financial Officer Bonus and Incentive Rates in China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Chief Financial Officer
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A Chief Financial Officer is considered to be a high bonus-based job 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.

13% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 87% 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
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.

Chief Financial Officer Average Hourly Wage in China

350 CNY per hour

The average hourly wage (pay per hour) in China is 350 CNY. This means that the average Chief Financial Officer in China earns approximately 350 CNY for every worked hour.

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

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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly China
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The average salary for Chief Financial Officer is 55% more than that of Executive and Management. Also, Executive and Management salaries are 35% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator26,500 CNY-57%
Administration Manager31,600 CNY-49%
Area Manager31,000 CNY-49%
Asset Protection Associate35,500 CNY-42%
Assistant Director32,600 CNY-47%
Assistant Manager37,700 CNY-39%
Assistant Operations Manager38,900 CNY-37%
Assistant Project Manager34,300 CNY-44%
Assistant Section Head28,100 CNY-54%
Assistant to CEO30,500 CNY-50%
Assistant Vice President38,200 CNY-38%
Associate Director34,800 CNY-43%
Bid Manager38,900 CNY-37%
Branch Manager37,700 CNY-39%
Business Development Manager41,100 CNY-33%
Business Operations Associate33,300 CNY-46%
Business Operations Lead35,900 CNY-41%
Campaign Manager36,600 CNY-40%
Chairman of The Board62,800 CNY+2%
Chairman Office Manager43,100 CNY-30%
Chief Corporate Officer54,200 CNY-12%
Chief Executive Officer68,800 CNY+12%
Chief Financial Officer61,400 CNY+0%
Chief of Staff30,300 CNY-51%
Chief Operating Officer48,800 CNY-20%
Chief Risk Officer44,200 CNY-28%
Client Services Manager41,600 CNY-32%
Commercial Project Manager34,900 CNY-43%
Commodity Broker27,000 CNY-56%
Corporate Affairs Executive39,300 CNY-36%
Corporate Compliance Director44,200 CNY-28%
Corporate Director44,000 CNY-28%
Corporate Officer30,000 CNY-51%
Corporate Partnerships Officer30,200 CNY-51%
Country Manager50,200 CNY-18%
Deputy Director47,400 CNY-23%
Director48,600 CNY-21%
Director of Accreditation42,000 CNY-32%
Director of Catering Services39,500 CNY-36%
Director of Client Services42,800 CNY-30%
Director of Facilities Management34,200 CNY-44%
Director of Operations42,000 CNY-32%
Director of Process Simplification34,100 CNY-44%
Director of Project Management46,300 CNY-25%
Director of Revenue Management41,200 CNY-33%
Director of Training and Development43,800 CNY-29%
Distribution Manager44,300 CNY-28%
Division Manager37,100 CNY-40%
Duty Manager37,000 CNY-40%
Engagement Manager43,900 CNY-28%
Executive Director66,600 CNY+9%
Executive Manager55,400 CNY-10%
Franchise Manager57,000 CNY-7%
General Manager49,800 CNY-19%
Global Master Data Manager47,600 CNY-22%
Head of Middle Office40,900 CNY-33%
Head of Projects44,500 CNY-27%
Head of Sustainability36,500 CNY-41%
Housing Manager34,900 CNY-43%
HSE Manager35,700 CNY-42%
Key Account Manager37,200 CNY-39%
Knowledge Manager40,800 CNY-34%
Location Manager41,500 CNY-32%
Logistics Manager33,500 CNY-45%
Management Consultant35,300 CNY-42%
Management Executive46,900 CNY-24%
Manager45,900 CNY-25%
Managing Director50,600 CNY-18%
MIS Executive42,900 CNY-30%
Ocean Services Manager45,000 CNY-27%
Operations Assistant30,700 CNY-50%
Operations Director49,100 CNY-20%
Operations Executive48,000 CNY-22%
Operations Manager48,500 CNY-21%
Operations Supervisor41,500 CNY-32%
Policy Administration Executive36,900 CNY-40%
Private Sector Executive39,300 CNY-36%
Product Development Manager44,300 CNY-28%
Product Executive37,400 CNY-39%
Production Executive42,000 CNY-32%
Production Manager42,400 CNY-31%
Production Supervisor35,900 CNY-41%
Program Manager47,800 CNY-22%
Programme Coordinator30,600 CNY-50%
Project Control Manager47,100 CNY-23%
Project Coordinator28,000 CNY-54%
Project Management Officer29,800 CNY-51%
Project Manager32,700 CNY-47%
Project Portfolio Manager35,200 CNY-43%
Quality Manager36,800 CNY-40%
R/D Director39,200 CNY-36%
Regional Director59,200 CNY-4%
Regional Manager47,000 CNY-23%
Relationship Manager44,600 CNY-27%
Retail District Manager30,000 CNY-51%
Revenue Manager34,000 CNY-45%
Risk and Capital Manager49,600 CNY-19%
Risk Officer34,700 CNY-43%
Safety Manager33,100 CNY-46%
Section Head32,200 CNY-48%
Service Manager33,500 CNY-45%
Shift Supervisor28,100 CNY-54%
Solutions Manager30,100 CNY-51%
Supervisor26,200 CNY-57%
Supply Chain Manager46,500 CNY-24%
Surveyor30,600 CNY-50%
Technical Manager42,800 CNY-30%
Territory Manager41,300 CNY-33%
Validation Manager38,500 CNY-37%
Vice President53,700 CNY-12%
Zone Manager43,800 CNY-29%

Salary Comparison By City

CityAverage Salary
Beijing64,600 CNY
Changchun60,100 CNY
Changsha54,600 CNY
Chengdu67,600 CNY
Chongqing66,000 CNY
Dalian54,000 CNY
Dongguan57,500 CNY
Foshan54,500 CNY
Fuzhou57,600 CNY
Guangzhou71,300 CNY
Hangzhou64,800 CNY
Harbin65,800 CNY
Jinan64,300 CNY
Kunming55,900 CNY
Nanjing65,200 CNY
Qingdao57,500 CNY
Quanzhou52,900 CNY
Shanghai65,800 CNY
Shantou62,100 CNY
Shenyang58,900 CNY
Shenzhen63,400 CNY
Suzhou57,400 CNY
Tianjin61,500 CNY
Wenzhou56,700 CNY
Wuhan66,900 CNY
Wuxi51,700 CNY
Xi an61,400 CNY
Xiamen52,300 CNY
Zhengzhou52,400 CNY

Salary Comparison By State

StateAverage Salary
Anhui65,700 CNY
Beijing51,800 CNY
Chongqing58,500 CNY
Fujian59,500 CNY
Gansu58,000 CNY
Guangdong68,600 CNY
Guangxi66,200 CNY
Guizhou58,000 CNY
Hainan50,200 CNY
Hebei67,200 CNY
Heilongjiang57,300 CNY
Henan69,900 CNY
Hubei63,300 CNY
Hunan68,200 CNY
Jiangsu66,500 CNY
Jiangxi65,200 CNY
Jilin57,000 CNY
Liaoning59,100 CNY
Nei Monggol56,500 CNY
Ningxia50,500 CNY
Qinghai52,800 CNY
Shaanxi58,800 CNY
Shandong71,600 CNY
Shanghai54,700 CNY
Shanxi55,800 CNY
Sichuan68,200 CNY
Tianjin51,200 CNY
Xinjiang Uygur55,400 CNY
Xizang [Tibet]49,500 CNY
Yunnan64,800 CNY
Zhejiang63,200 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
Percentage increase and decrease are relative to the previous value

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