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Business Analyst Average Salary in Hong Kong 2020

How much money does a Business Analyst make in Hong Kong?


Average Monthly Salary
41,300 HKD
( 496,000 HKD yearly)

LOW
19,400
HKD
AVERAGE
41,300
HKD
HIGH
65,300
HKD

A person working as a Business Analyst in Hong Kong typically earns around 41,300 HKD per month. Salaries range from 19,400 HKD (lowest) to 65,300 HKD (highest).

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

Business Analyst Salary Distribution in Hong Kong

Median and salary distribution monthly Hong Kong Business Analyst
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The median, the maximum, the minimum, and the range

  • Salary Range

    Business Analyst salaries in Hong Kong range from 19,400 HKD per month (minimum salary) to 65,300 HKD per month (maximum salary).

  • Median Salary

    The median salary is 43,800 HKD per month, which means that half (50%) of people working as Business Analyst(s) are earning less than 43,800 HKD while the other half are earning more than 43,800 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 Business Analyst(s) are earning less than 28,400 HKD while 75% of them are earning more than 28,400 HKD. Also from the diagram, 75% of Business Analyst(s) are earning less than 57,800 HKD while 25% are earning more than 57,800 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

Business Analyst Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Hong Kong Business Analyst
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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 Business Analyst salaries by experience level and this is what we found.

A Business Analyst with less than two years of experience makes approximately 22,400 HKD per month.

While someone with an experience level between two and five years is expected to earn 30,900 HKD 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 43,900 HKD 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, Business Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 53,600 HKD 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 56,600 HKD 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 61,600 HKD per month, 9% more than people with fifteen to twenty years of experience.


Business Analyst average salary change by experience in Hong Kong

0 - 2 Years
22,400 HKD
2 - 5 Years+38%
30,900 HKD
5 - 10 Years+42%
43,900 HKD
10 - 15 Years+22%
53,600 HKD
15 - 20 Years+6%
56,600 HKD
20+ Years+9%
61,600 HKD
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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Business Analyst Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Hong Kong Business Analyst
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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 Business Analyst salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Business Analyst is 27,700 HKD per month.

While someone with a Certificate or Diploma gets a salary of 32,300 HKD per month, 17% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 46,900 HKD 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 61,600 HKD per month, 31% more than someone with Bachelor's Degree.


Business Analyst average salary difference by education level in Hong Kong

High School
27,700 HKD
Certificate or Diploma+17%
32,300 HKD
Bachelor's Degree+45%
46,900 HKD
Master's Degree+31%
61,600 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
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Business Analyst Salary Comparison By Gender

Salary comparison by gender monthly Hong Kong Business Analyst
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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 Business Analyst employees in Hong Kong earn 13% more than their female counterparts on average.

Female
39,000 HKD
Male+13%
44,200 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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Business Analyst Average Annual Salary Increment Percentage in Hong Kong

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

Business Analyst

Business Analyst(s) in Hong Kong are likely to observe a salary increase of approximately 9% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Hong Kong Business Analyst
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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

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

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Business Analyst Bonus and Incentive Rates in Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Business Analyst
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A Business Analyst 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.

34% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 66% 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
66%
No Bonus
34%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Hong Kong
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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

Business Analyst Average Hourly Wage in Hong Kong


240 HKD per hour

The average hourly wage (pay per hour) in Hong Kong is 240 HKD. This means that the average Business Analyst in Hong Kong earns approximately 240 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.

Business Analyst VS Other Jobs

Salary Comparison Between Business Analyst and Business Planning monthly Hong Kong
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The average salary for Business Analyst is 7% more than that of Business Planning. Also, Business Planning salaries are 5% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Business Development Manager48,500 HKD+17%
Assistant Merchandise Planner28,100 HKD-32%
Business Advisor41,900 HKD+1%
Business Analyst41,300 HKD-0%
Business Consultant40,100 HKD-3%
Business Continuity Associate25,700 HKD-38%
Business Development Associate21,600 HKD-48%
Business Development Coordinator24,700 HKD-40%
Business Development Manager54,800 HKD+33%
Business Development Specialist41,400 HKD+0%
Business Operations Specialist41,700 HKD+1%
Business Process Writer23,900 HKD-42%
Capacity Planner31,600 HKD-23%
Capacity Planning Supervisor42,100 HKD+2%
Change Communications Analyst41,100 HKD-0%
Change Control Analyst41,900 HKD+1%
Contracts Executive39,600 HKD-4%
Corporate Strategy Analyst44,400 HKD+7%
Cost Control Engineer27,100 HKD-34%
Cost Estimator28,500 HKD-31%
Data Executive21,400 HKD-48%
Development Researcher32,800 HKD-21%
Due Diligence Analyst44,300 HKD+7%
Estimating Manager48,300 HKD+17%
General Manager54,000 HKD+31%
Incident Handler28,300 HKD-31%
Incident Specialist34,600 HKD-16%
Lean Consultant32,600 HKD-21%
Manager55,500 HKD+34%
Materials Planner19,500 HKD-53%
Merchandise Controller18,200 HKD-56%
Merchandise Planner19,400 HKD-53%
Operations Analyst39,800 HKD-4%
Operations Research Analyst25,000 HKD-39%
Planning and Reporting Manager45,600 HKD+10%
Planning Director57,700 HKD+40%
Project Administrator28,600 HKD-31%
Project Manager45,500 HKD+10%
Project Planner27,800 HKD-33%
Research Assistant24,000 HKD-42%
Research Engineer26,800 HKD-35%
Research Officer21,800 HKD-47%
Risk Management Specialist40,000 HKD-3%
Scholarship Coordinator20,400 HKD-51%
Store Planner21,300 HKD-48%
Strategy Director59,700 HKD+45%
Top Research and Development Executive64,000 HKD+55%
45000 - 1

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