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Internal Bank Audit Manager Average Salary in Hong Kong 2024

How much money does a person working as Internal Bank Audit Manager make in Hong Kong?


Average Monthly Salary
69,100 HKD
( 830,000 HKD yearly)

LOW
34,600
HKD
AVERAGE
69,100
HKD
HIGH
107,000
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 Internal Bank Audit Manager in Hong Kong typically earns around 69,100 HKD. Salaries range from 34,600 HKD (lowest) to 107,000 HKD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Internal Bank Audit 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.



Internal Bank Audit Manager Pay Scale and Salaries in Hong Kong

Median and salary distribution Hong Kong Internal Bank Audit Manager monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
63,600 HKD or more
10% of people earn
56,400 to 63,600 HKD
20% of people earn
40,400 HKD or less
65% of people earn
40,400 to 56,400 HKD
Minimum Salary
34,600 HKD
Median
64,000 HKD
Maximum
107,000 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 Internal Bank Audit Manager in Hong Kong range from 34,600 HKD (starting salary) to 107,000 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 64,000 HKD, half of the professionals who work as Internal Bank Audit 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 Internal Bank Audit Manager in Hong Kong earn less than 52,500 HKD, while 75% earn more. Similarly, the chart shows that 75% earn less than 72,900 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 Internal Bank Audit Manager in Hong Kong compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 40,400 HKD to 56,400 HKD. About 20% of salaries are below the 40,400 HKD mark, while 10% fall within the range of 56,400 HKD to 63,600 HKD. Only 5% of individuals have salaries exceeding 63,600 HKD.

Salary Comparison by Years of Experience / Internal Bank Audit Manager / Hong Kong

How do experience and age affect pay?

0 - 2 Years
41,500 HKD
2 - 5 Years+32%
54,900 HKD
5 - 10 Years+34%
73,400 HKD
10 - 15 Years+19%
87,600 HKD
15 - 20 Years+8%
94,500 HKD
20+ Years+7%
101,000 HKD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Hong Kong Internal Bank Audit 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 Internal Bank Audit 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 41,500 HKD.

While someone with an experience level between two and five years is expected to earn 54,900 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 73,400 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 87,600 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 94,500 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 101,000 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 / Internal Bank Audit Manager / Hong Kong

How do education levels affect salaries?

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

Bachelor's Degree
59,300 HKD
Master's Degree+58%
93,400 HKD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Hong Kong Internal Bank Audit 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 Internal Bank Audit Manager in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 59,300 HKD.


Level 2: Master's Degree

At this level, the average salary becomes 93,400 HKD, 58% 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 / Internal Bank Audit Manager / Hong Kong

Salary comparison by gender Hong Kong Internal Bank Audit 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 Internal Bank Audit Manager in Hong Kong, the average difference between the salary of male and female employees is 5%.

Male
70,800 HKD
Female-5%
67,200 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 / Internal Bank Audit Manager / Hong Kong

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

Individuals working as Internal Bank Audit Manager in Hong Kong are likely to observe a salary increase of approximately 9% 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 Internal Bank Audit 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 / Internal Bank Audit Manager / Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Internal Bank Audit Manager
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36% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 64% 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
64%
No Bonus
36%

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 / Internal Bank Audit Manager / Hong Kong


400 HKD per hour

The average hourly wage (pay per hour) for individuals working as Internal Bank Audit Manager in Hong Kong is 400 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 Internal Bank Audit Manager in Hong Kong is 200 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
Banking-100%
AML Analyst52,300 HKD-24%
Assistant Bank Branch Manager43,700 HKD-37%
Assistant Bank Manager58,800 HKD-15%
ATM Manager49,500 HKD-28%
ATM Service Technician13,600 HKD-80%
Bank Accounts Analyst19,600 HKD-72%
Bank Accounts Collector12,200 HKD-82%
Bank Accounts Controller25,600 HKD-63%
Bank Accounts Executive37,800 HKD-45%
Bank Accounts Manager43,700 HKD-37%
Bank Auditing Manager43,700 HKD-37%
Bank Branch Manager59,800 HKD-14%
Bank Branch Operations Coordinator27,000 HKD-61%
Bank Clerk12,400 HKD-82%
Bank Client Service Associate17,100 HKD-75%
Bank Collector12,100 HKD-82%
Bank Compliance Specialist33,900 HKD-51%
Bank Manager75,900 HKD+10%
Bank Operational Risk Manager69,900 HKD+1%
Bank Operations Head78,000 HKD+13%
Bank Operations Officer29,600 HKD-57%
Bank Operations Specialist47,300 HKD-32%
Bank Process Manager40,500 HKD-41%
Bank Product Manager 49,500 HKD-28%
Bank Programme Manager47,700 HKD-31%
Bank Project Manager57,300 HKD-17%
Bank Propositions Manager54,400 HKD-21%
Bank Quantitative Analyst37,300 HKD-46%
Bank Regional Manager74,300 HKD+7%
Bank Regional Risk Officer39,700 HKD-43%
Bank Relationship Manager54,200 HKD-22%
Bank Relationship Officer24,900 HKD-64%
Bank Sustainability Analyst43,000 HKD-38%
Bank Teller13,600 HKD-80%
Banker24,800 HKD-64%
Banking Business Analyst38,700 HKD-44%
Banking Business Development Officer25,000 HKD-64%
Banking Business Planning Executive55,700 HKD-19%
Banking Data Analyst44,000 HKD-36%
Banking Product Manager45,800 HKD-34%
Banking Reference Data Manager40,400 HKD-42%
Banking Regulatory Compliance Officer45,000 HKD-35%
Banking Risk Analyst36,900 HKD-47%
Banking Technical Analyst20,800 HKD-70%
Bankruptcy Coordinator28,000 HKD-60%
Bill and Account Collector13,000 HKD-81%
Blockchain Analyst31,000 HKD-55%
Blockchain Architect39,700 HKD-43%
Blockchain Auditor35,000 HKD-49%
Blockchain Compliance Analyst36,100 HKD-48%
Blockchain Consultant37,700 HKD-45%
Blockchain Trade Facilitator32,200 HKD-53%
Budget Analyst35,900 HKD-48%
Capital Risk Manager70,500 HKD+2%
Cards Marketing Manager46,200 HKD-33%
Cash Management Manager69,800 HKD+1%
Check Processing Manager51,400 HKD-26%
Chief Blockchain Officer43,900 HKD-37%
Commercial Vault Associate36,800 HKD-47%
Corporate Banker28,800 HKD-58%
Corporate Dealer40,000 HKD-42%
Credit Analyst30,600 HKD-56%
Credit and Collections Manager53,000 HKD-23%
Credit Card Fraud Investigator40,500 HKD-41%
Credit Portfolio Manager68,200 HKD-1%
Credit Risk Analyst42,900 HKD-38%
Credit Risk Associate40,000 HKD-42%
Cryptocurrency Accountant25,200 HKD-64%
Cryptocurrency Adviser48,800 HKD-29%
Cryptocurrency Analyst36,500 HKD-47%
Cryptocurrency Compliance Manager45,100 HKD-35%
Cryptocurrency Trader40,300 HKD-42%
Digital Banking Manager52,100 HKD-25%
Digital Currency Analyst37,600 HKD-46%
Direct Bank Sales Representative27,700 HKD-60%
Exchange Control Consultant39,700 HKD-43%
Executive Account Analyst35,600 HKD-49%
Financial Bank Planning Consultant50,400 HKD-27%
Financial Banking Analysis Manager57,100 HKD-17%
Financial Banking Assistant18,500 HKD-73%
Financial Banking Systems Manager52,600 HKD-24%
Foreign Exchange Manager56,100 HKD-19%
Fraud Analyst38,700 HKD-44%
Fraud Detection Associate27,700 HKD-60%
Fraud Detection Manager61,300 HKD-11%
Fraud Detection Supervisor33,300 HKD-52%
Internal Bank Audit Manager69,100 HKD-0%
Internal Bank Auditor36,700 HKD-47%
Internal Private Banker28,600 HKD-59%
International Banking Manager77,200 HKD+12%
Investment Banking Analyst56,400 HKD-18%
Loan Analyst36,800 HKD-47%
Loan Area Manager45,300 HKD-34%
Loan Audit Team Leader42,400 HKD-39%
Loan Branch Manager41,900 HKD-39%
Loan Business Development Officer22,500 HKD-67%
Loan Clerk13,100 HKD-81%
Loan Collection and Recovery Manager44,100 HKD-36%
Loan Collection Manager44,300 HKD-36%
Loan Collector12,000 HKD-83%
Loan Examiner15,900 HKD-77%
Loan Officer14,300 HKD-79%
Loan Processing Manager39,200 HKD-43%
Loan Processor16,300 HKD-76%
Loan Quality Assurance Auditor40,500 HKD-41%
Loan Quality Assurance Manager44,900 HKD-35%
Loan Quality Assurance Representative29,800 HKD-57%
Loan Review Manager44,900 HKD-35%
Loan Team Leader40,000 HKD-42%
Loans Manager49,200 HKD-29%
Mortgage Advisor27,400 HKD-60%
Mortgage Collection Manager46,100 HKD-33%
Mortgage Collector12,800 HKD-81%
Mortgage Credit Analyst20,800 HKD-70%
Mortgage Credit Manager43,600 HKD-37%
Mortgage Development Manager49,800 HKD-28%
Mortgage Document Reviewer16,900 HKD-76%
Mortgage Funding Manager50,000 HKD-28%
Mortgage Operations Manager65,900 HKD-5%
Mortgage Payment Processing Clerk14,500 HKD-79%
Mortgage Processing Manager44,100 HKD-36%
Mortgage Processor17,300 HKD-75%
Mortgage Quality Assurance Auditor37,400 HKD-46%
Mortgage Quality Assurance Manager42,700 HKD-38%
Mortgage Servicing Clerk13,300 HKD-81%
Mortgage Servicing Manager42,200 HKD-39%
Mortgage Underwriter15,900 HKD-77%
Online Banking Manager65,400 HKD-5%
Open Banking Strategist39,500 HKD-43%
Payment Processing Clerk13,300 HKD-81%
Personal Banker26,300 HKD-62%
Personal Banking Advisor 28,700 HKD-58%
Phone Banker18,200 HKD-74%
Private Banker27,000 HKD-61%
Reconciliation and Investigation Specialist30,800 HKD-55%
Tax Officer22,100 HKD-68%
Teller12,600 HKD-82%
Trade Officer15,500 HKD-78%
Trade Product Manager44,400 HKD-36%
Trader18,500 HKD-73%
Treasury Operations Officer35,400 HKD-49%
Wealth Management Advisor58,300 HKD-16%

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 Internal Bank Audit Manager in Hong Kong?

A good and competitive compensation would range anywhere between 64,000 HKD and 72,900 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 Internal Bank Audit Manager in Hong Kong ranges from 34,600 HKD to 52,500 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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