HOME COMPARE YOUR SALARY BROWSE SALARIES
Home
Browse Salaries
Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles

Accounting Manager Average Salary in Hong Kong 2020

How much money does an Accounting Manager make in Hong Kong?


Average Monthly Salary
54,400 HKD
( 653,000 HKD yearly)

LOW
27,200
HKD
AVERAGE
54,400
HKD
HIGH
84,400
HKD

A person working as an Accounting Manager in Hong Kong typically earns around 54,400 HKD per month. Salaries range from 27,200 HKD (lowest) to 84,400 HKD (highest).

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

Accounting Manager Salary Distribution in Hong Kong

Median and salary distribution monthly Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/median-and-salary-distribution-monthly-hong-kong-accounting-manager.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting Manager salaries in Hong Kong range from 27,200 HKD per month (minimum salary) to 84,400 HKD per month (maximum salary).

  • Median Salary

    The median salary is 54,400 HKD per month, which means that half (50%) of people working as Accounting Manager(s) are earning less than 54,400 HKD while the other half are earning more than 54,400 HKD. 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 Accounting Manager(s) are earning less than 36,800 HKD while 75% of them are earning more than 36,800 HKD. Also from the diagram, 75% of Accounting Manager(s) are earning less than 69,400 HKD while 25% are earning more than 69,400 HKD.


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

Accounting Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/salary-comparison-by-years-of-experience-monthly-hong-kong-accounting-manager.jpg

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 Accounting Manager salaries by experience level and this is what we found.

An Accounting Manager with less than two years of experience makes approximately 32,700 HKD per month.

While someone with an experience level between two and five years is expected to earn 43,200 HKD per month, 32% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 57,800 HKD per month, 34% 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, Accounting Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 69,000 HKD per month, 19% 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 74,400 HKD per month, 8% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 79,800 HKD per month, 7% more than people with fifteen to twenty years of experience.


Accounting Manager average salary change by experience in Hong Kong

0 - 2 Years
32,700 HKD
2 - 5 Years+32%
43,200 HKD
5 - 10 Years+34%
57,800 HKD
10 - 15 Years+19%
69,000 HKD
15 - 20 Years+8%
74,400 HKD
20+ Years+7%
79,800 HKD
Percentage increase and decrease are relative to the previous value

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

Accounting Manager Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/salary-comparison-by-education-level-monthly-hong-kong-accounting-manager.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 Accounting Manager salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of an Accounting Manager is 43,200 HKD per month.

While someone with a Bachelor's Degree gets a salary of 59,200 HKD per month, 37% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 76,400 HKD per month, 29% more than someone with a Bachelor's Degree.


Accounting Manager average salary difference by education level in Hong Kong

Certificate or Diploma
43,200 HKD
Bachelor's Degree+37%
59,200 HKD
Master's Degree+29%
76,400 HKD
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 Hong Kong costs anywhere from 183,000 Hong Kong Dollar(s) to 549,000 Hong Kong Dollar(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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Accounting Manager Salary Comparison By Gender

Salary comparison by gender monthly Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/salary-comparison-by-gender-monthly-hong-kong-accounting-manager.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Accounting Manager employees in Hong Kong earn 5% more than their female counterparts on average.

Male
55,800 HKD
Female-5%
52,900 HKD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Hong Kong for all Careers

Salary comparison by gender monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/salary-comparison-by-gender-monthly-hong-kong.jpg

Accounting Manager Average Annual Salary Increment Percentage in Hong Kong

How much are annual salary increments in Hong Kong for Accounting Manager(s)? How often do employees get salary raises?

Accounting Manager

Accounting Manager(s) in Hong Kong are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/annual-salary-increment-rate-hong-kong-accounting-manager.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.

Hong Kong / 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 Hong Kong is 2%.

Annual Increment Rate By Industry 2019

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Hong Kong for the year 2019. 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

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

Accounting Manager Bonus and Incentive Rates in Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Accounting Manager
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/annual-salary-bonus-rate-hong-kong-accounting-manager.jpg

An Accounting Manager 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.

37% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 63% 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
63%
No Bonus
37%

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.

Accounting Manager Average Hourly Wage in Hong Kong


310 HKD per hour

The average hourly wage (pay per hour) in Hong Kong is 310 HKD. This means that the average Accounting Manager in Hong Kong earns approximately 310 HKD 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.

Accounting Manager VS Other Jobs

Salary Comparison Between Accounting Manager and Accounting and Finance monthly Hong Kong
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/accounting-manager/salary-comparison-between-accounting-manager-and-accounting-and-finance-monthly-hong-kong.jpg

The average salary for Accounting Manager is 47% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 2% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner17,400 HKD-68%
Account Executive32,700 HKD-40%
Accountant22,900 HKD-58%
Accounting Assistant17,800 HKD-67%
Accounting Associate17,200 HKD-68%
Accounting Clerk14,800 HKD-73%
Accounting Coordinator20,800 HKD-62%
Accounting Manager54,400 HKD-0%
Accounting Supervisor32,700 HKD-40%
Accounting Technician17,400 HKD-68%
Accounts Executive29,900 HKD-45%
Accounts Payable and Receivable Specialist26,000 HKD-52%
Accounts Payable Clerk19,000 HKD-65%
Accounts Payable Manager50,300 HKD-8%
Accounts Receivable Clerk18,900 HKD-65%
Accounts Receivable Manager49,200 HKD-10%
Assistant Accounting Manager46,900 HKD-14%
Assistant Auditor23,900 HKD-56%
Audit Supervisor45,600 HKD-16%
Auditing Clerk19,600 HKD-64%
Auditing Manager51,400 HKD-6%
Billing Coordinator22,600 HKD-58%
Billing Specialist27,000 HKD-50%
Billing Supervisor37,400 HKD-31%
Bookkeeper16,100 HKD-70%
Bookkeeping Specialist23,700 HKD-56%
Budget Analyst41,800 HKD-23%
Budget Manager49,900 HKD-8%
Business Support Analyst26,900 HKD-51%
Capital Markets Associate35,600 HKD-35%
Cash Flow Analyst36,400 HKD-33%
Cash Management Officer27,500 HKD-49%
Cashbook Clerk17,300 HKD-68%
Chartered Accountant30,500 HKD-44%
Collections Clerk14,700 HKD-73%
Collections Specialist24,000 HKD-56%
Corporate Treasurer45,100 HKD-17%
Cost Accountant25,400 HKD-53%
Cost Accounting Manager46,700 HKD-14%
Cost Analyst37,300 HKD-31%
Credit and Collection Manager48,400 HKD-11%
Credit and Collection Staff19,400 HKD-64%
Credit and Loans Officer16,900 HKD-69%
Credit Controller32,500 HKD-40%
Debt Adviser41,900 HKD-23%
Debt Collector20,300 HKD-63%
Debtors Clerk16,400 HKD-70%
Deputy CFO66,000 HKD+21%
Derivative Trader40,700 HKD-25%
Escrow Assistant22,900 HKD-58%
External Auditor34,500 HKD-37%
Finance Associate20,900 HKD-62%
Finance Executive52,300 HKD-4%
Finance Licensing Clerk18,100 HKD-67%
Finance Licensing Manager47,800 HKD-12%
Finance Licensing Specialist27,000 HKD-50%
Finance Officer23,900 HKD-56%
Finance President74,500 HKD+37%
Finance Relationship Manager57,100 HKD+5%
Finance Release Analyst28,000 HKD-49%
Finance Team Leader 52,100 HKD-4%
Financial Actuary35,900 HKD-34%
Financial Administrator42,100 HKD-23%
Financial Analyst44,700 HKD-18%
Financial Applications Specialist31,400 HKD-42%
Financial Assistant20,200 HKD-63%
Financial Associate19,900 HKD-63%
Financial Claims Analyst32,200 HKD-41%
Financial Claims Manager42,500 HKD-22%
Financial Commercial Analyst33,800 HKD-38%
Financial Compliance Analyst40,300 HKD-26%
Financial Consultant32,000 HKD-41%
Financial Controller39,700 HKD-27%
Financial Coordinator22,400 HKD-59%
Financial Customer Service Manager46,900 HKD-14%
Financial Dealer and Broker26,900 HKD-51%
Financial Encoder21,300 HKD-61%
Financial Manager70,600 HKD+30%
Financial Operations Manager65,300 HKD+20%
Financial Policy Analyst38,100 HKD-30%
Financial Project Manager48,400 HKD-11%
Financial Quantitative Analyst42,400 HKD-22%
Financial Reporting Consultant35,900 HKD-34%
Financial Reporting Manager46,900 HKD-14%
Financial Services Sales Agent27,000 HKD-50%
Fixed Assets Administrator26,700 HKD-51%
Forensic Accountant28,800 HKD-47%
Fraud Detection Supervisor31,500 HKD-42%
Fraud Prevention Manager52,000 HKD-4%
Fund Accountant24,300 HKD-55%
Grants Coordinator17,700 HKD-67%
Internal Auditor32,800 HKD-40%
Internal Control Adviser40,200 HKD-26%
Internal Control Officer22,200 HKD-59%
Inventory Accountant26,000 HKD-52%
Investment Analyst50,000 HKD-8%
Investment Fund Manager52,100 HKD-4%
Investment Underwriter19,800 HKD-64%
Investor31,800 HKD-42%
Investor Relations Manager49,400 HKD-9%
KYC Team Leader45,100 HKD-17%
Management Economist57,200 HKD+5%
Paymaster18,900 HKD-65%
Payroll Clerk21,600 HKD-60%
Payroll Manager45,100 HKD-17%
Pensions Administrator26,000 HKD-52%
Pricing Analyst40,900 HKD-25%
Private Equity Analyst42,200 HKD-22%
Proposal Development Coordinator21,800 HKD-60%
Receivables Accountant23,200 HKD-57%
Regulatory Accountant27,100 HKD-50%
Retirement Plan Analyst40,800 HKD-25%
Revenue Management Specialist42,300 HKD-22%
Revenue Recognition Analyst45,300 HKD-17%
Risk Management Director58,400 HKD+7%
Risk Management Supervisor47,900 HKD-12%
Tax Accountant23,100 HKD-58%
Tax Advisor36,600 HKD-33%
Tax Associate20,700 HKD-62%
Tax Manager49,300 HKD-9%
Teller14,300 HKD-74%
Treasury Accountant25,600 HKD-53%
Treasury Analyst42,000 HKD-23%
Underwriter16,500 HKD-70%
Underwriting Assistant15,400 HKD-72%
Vice President of Finance70,100 HKD+29%

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 Hong Kong earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
35,500 HKD
Public Sector+10%
39,200 HKD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020