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Accounting Manager Average Salary in Hong Kong 2024

How much money does a person working as 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
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 Accounting Manager in Hong Kong typically earns around 54,400 HKD. Salaries range from 27,200 HKD (lowest) to 84,400 HKD (highest).


Salary Variance

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



Accounting Manager Pay Scale and Salaries in Hong Kong

Median and salary distribution Hong Kong Accounting Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
50,100 HKD or more
10% of people earn
44,400 to 50,100 HKD
20% of people earn
31,800 HKD or less
65% of people earn
31,800 to 44,400 HKD
Minimum Salary
27,200 HKD
Median
50,400 HKD
Maximum
84,400 HKD




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 Accounting Manager in Hong Kong range from 27,200 HKD (starting salary) to 84,400 HKD (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 50,400 HKD, half of the professionals who work as Accounting Manager in Hong Kong 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 Accounting Manager in Hong Kong earn less than 41,400 HKD, while 75% earn more. Similarly, the chart shows that 75% earn less than 57,400 HKD 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 Accounting Manager in Hong Kong compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 31,800 HKD to 44,400 HKD. About 20% of salaries are below the 31,800 HKD mark, while 10% fall within the range of 44,400 HKD to 50,100 HKD. Only 5% of individuals have salaries exceeding 50,100 HKD.

Salary Comparison by Years of Experience / Accounting Manager / Hong Kong

How do experience and age affect pay?

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
Salary comparison by years of experience monthly Hong Kong Accounting Manager
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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. We broke down salaries by experience level for people working as Accounting Manager 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 32,700 HKD.

While someone with an experience level between two and five years is expected to earn 43,200 HKD, 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, 34% 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 69,000 HKD, 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, 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, 7% 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
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Salary Comparison By Education / Accounting Manager / Hong Kong

How do education levels affect salaries?

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

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
Salary comparison by education level monthly Hong Kong Accounting Manager
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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 salaries by education level for the position Accounting Manager in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 43,200 HKD.


Level 2: Bachelor's Degree

At this level, the average salary becomes 59,200 HKD, 37% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 76,400 HKD, 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 Hong Kong costs anywhere from 184,000 HKD to 551,000 HKD 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
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Salary and Compensation Comparison By Gender / Accounting Manager / Hong Kong

Salary comparison by gender Hong Kong Accounting Manager 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? For the people who work as Accounting Manager in Hong Kong, the average difference between the salary of male and female employees is 5%.

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
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Average Annual Salary Increment Percentage / Accounting Manager / Hong Kong

How much are annual salary increments in Hong Kong for individuals working as Accounting Manager? How often do employees get salary raises?

Individuals working as Accounting Manager 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
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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.

Hong Kong / All Professions

Annual Salary Increment Rate Hong Kong
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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 Hong Kong is 2%.

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 Manager / Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Accounting Manager
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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.

Average Hourly Wage / Accounting Manager / Hong Kong


310 HKD per hour

The average hourly wage (pay per hour) for individuals working as Accounting Manager in Hong Kong is 310 HKD.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 Accounting Manager in Hong Kong is 160 HKD. 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 Examiner17,400 HKD-68%
Account Executive32,700 HKD-40%
Accountant22,900 HKD-58%
Accounting Analyst31,000 HKD-43%
Accounting Assistant17,800 HKD-67%
Accounting Associate17,200 HKD-68%
Accounting Clerk14,800 HKD-73%
Accounting Coordinator20,800 HKD-62%
Accounting Head51,800 HKD-5%
Accounting Manager54,400 HKD-0%
Accounting Officer18,700 HKD-66%
Accounting Specialist34,000 HKD-38%
Accounting Supervisor32,700 HKD-40%
Accounting Technician17,400 HKD-68%
Accounting Unit Controller42,100 HKD-23%
Accounts Executive29,900 HKD-45%
Accounts Officer19,600 HKD-64%
Accounts Payable and Receivable Specialist26,000 HKD-52%
Accounts Payable Assistant19,400 HKD-64%
Accounts Payable Associate21,700 HKD-60%
Accounts Payable Clerk19,000 HKD-65%
Accounts Payable Manager50,300 HKD-8%
Accounts Receivable Administrator36,300 HKD-33%
Accounts Receivable Clerk18,900 HKD-65%
Accounts Receivable Financial Analyst35,700 HKD-34%
Accounts Receivable Manager49,200 HKD-10%
Accounts Receivable Team Leader35,400 HKD-35%
Algorithmic Trading Specialist44,900 HKD-18%
Assistant Accountant18,600 HKD-66%
Assistant Accounting Manager46,900 HKD-14%
Assistant Auditor23,900 HKD-56%
Assistant Corporate Controller33,000 HKD-39%
Assistant Finance Manager50,000 HKD-8%
Assistant Financial Controller33,100 HKD-39%
Audit Director54,600 HKD+0%
Audit Supervisor45,600 HKD-16%
Auditing Clerk19,600 HKD-64%
Auditing Manager51,400 HKD-6%
Billing Clerk19,000 HKD-65%
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 Manager47,600 HKD-13%
Cash Management Officer27,500 HKD-49%
Cashbook Clerk17,300 HKD-68%
Chartered Accountant30,500 HKD-44%
Chief Accountant36,700 HKD-33%
Chief Financial Technology Officer49,900 HKD-8%
Collections Clerk14,700 HKD-73%
Collections Representative21,300 HKD-61%
Collections Specialist24,000 HKD-56%
Corporate Controller40,800 HKD-25%
Corporate Treasurer45,100 HKD-17%
Cost Accountant25,400 HKD-53%
Cost Accounting Manager46,700 HKD-14%
Cost Accounting Supervisor38,900 HKD-29%
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%
Credit Manager48,500 HKD-11%
Debt Adviser41,900 HKD-23%
Debt Collector20,300 HKD-63%
Debtors Clerk16,400 HKD-70%
Debtors Controller18,700 HKD-66%
Deputy CFO66,000 HKD+21%
Deputy Head of Finance65,600 HKD+20%
Derivative Trader40,700 HKD-25%
Director of Finance71,600 HKD+32%
E-commerce Accountant26,200 HKD-52%
Economist58,200 HKD+7%
Equity Analyst43,500 HKD-20%
Escrow Assistant22,900 HKD-58%
Executive Accountant27,400 HKD-50%
External Auditor34,500 HKD-37%
Finance Administrator28,100 HKD-48%
Finance Analyst42,200 HKD-22%
Finance Associate20,900 HKD-62%
Finance Data Analyst39,000 HKD-28%
Finance Director70,500 HKD+29%
Finance Executive52,300 HKD-4%
Finance Licensing Clerk18,100 HKD-67%
Finance Licensing Manager47,800 HKD-12%
Finance Licensing Specialist27,000 HKD-50%
Finance Manager66,800 HKD+23%
Finance Officer23,900 HKD-56%
Finance President74,500 HKD+37%
Finance Relationship Manager57,100 HKD+5%
Finance Release Analyst28,000 HKD-49%
Finance Specialist39,300 HKD-28%
Finance Team Leader 52,100 HKD-4%
Financial Accountant25,100 HKD-54%
Financial Actuary35,900 HKD-34%
Financial Administrator42,100 HKD-23%
Financial Advisor43,000 HKD-21%
Financial Analyst44,700 HKD-18%
Financial Applications Specialist31,400 HKD-42%
Financial Assistant20,200 HKD-63%
Financial Associate22,600 HKD-58%
Financial Claims Analyst32,200 HKD-41%
Financial Claims Manager42,500 HKD-22%
Financial Claims Supervisor39,300 HKD-28%
Financial Clerk18,900 HKD-65%
Financial Commercial Analyst33,800 HKD-38%
Financial Compliance Analyst40,300 HKD-26%
Financial Compliance Officer38,200 HKD-30%
Financial Consultant32,000 HKD-41%
Financial Controller39,700 HKD-27%
Financial Coordinator22,400 HKD-59%
Financial Customer Service Manager46,900 HKD-14%
Financial Data Scientist44,700 HKD-18%
Financial Dealer and Broker26,900 HKD-51%
Financial Director75,200 HKD+38%
Financial Encoder21,300 HKD-61%
Financial Manager65,200 HKD+20%
Financial Modelling Analyst43,000 HKD-21%
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 Section Head44,800 HKD-18%
Financial Services Manager64,000 HKD+18%
Financial Services Sales Agent27,000 HKD-50%
Financial Technology Consultant37,600 HKD-31%
Financial Wellness Coach48,800 HKD-10%
FinTech Analyst40,900 HKD-25%
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%
Green Finance Analyst37,800 HKD-31%
Group Financial Manager66,800 HKD+23%
Internal Auditor32,800 HKD-40%
Internal Control Adviser40,200 HKD-26%
Internal Control Officer22,200 HKD-59%
International Tax Director61,100 HKD+12%
Inventory Accountant26,000 HKD-52%
Investment Advisor67,900 HKD+25%
Investment Analyst50,000 HKD-8%
Investment Associate39,400 HKD-28%
Investment Broker42,300 HKD-22%
Investment Fund Manager52,100 HKD-4%
Investment Operations Manager56,100 HKD+3%
Investment Underwriter19,800 HKD-64%
Investor31,800 HKD-42%
Investor Relations Manager49,400 HKD-9%
KYC Team Leader45,100 HKD-17%
Loan Processor20,500 HKD-62%
Management Accountant27,500 HKD-49%
Management Economist57,200 HKD+5%
Paymaster18,900 HKD-65%
Payroll Administrator32,700 HKD-40%
Payroll Benefits Coordinator28,300 HKD-48%
Payroll Billing Manager46,700 HKD-14%
Payroll Clerk21,600 HKD-60%
Payroll Manager45,100 HKD-17%
Payroll Officer22,200 HKD-59%
Payroll Specialist26,400 HKD-52%
Payroll Supervisor31,400 HKD-42%
Pensions Administrator26,000 HKD-52%
Personal Financial Advisor36,500 HKD-33%
Pricing Analyst40,900 HKD-25%
Private Equity Analyst42,200 HKD-22%
Project Accountant24,800 HKD-54%
Proposal Development Coordinator21,800 HKD-60%
Quantitative Trader36,400 HKD-33%
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%
Staff Accountant22,400 HKD-59%
Tax Accountant23,100 HKD-58%
Tax Administrator26,000 HKD-52%
Tax Advisor36,600 HKD-33%
Tax Analyst36,500 HKD-33%
Tax Associate20,700 HKD-62%
Tax Consultant37,900 HKD-30%
Tax Director54,900 HKD+1%
Tax Examiner25,000 HKD-54%
Tax Manager49,300 HKD-9%
Tax Research Manager49,200 HKD-10%
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 in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Hong Kong is 10% on average across all career fields.

Private Sector
35,600 HKD
Public Sector+10%
39,300 HKD
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 Accounting Manager in Hong Kong?

A good and competitive compensation would range anywhere between 50,400 HKD and 57,400 HKD. 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 Accounting Manager in Hong Kong ranges from 27,200 HKD to 41,400 HKD. 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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