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Accounting and Finance Average Salaries in Hong Kong 2020

How much money does a person working in Accounting and Finance make in Hong Kong?


Average Monthly Salary
37,200 HKD
( 446,000 HKD yearly)

LOW
15,200
HKD
AVERAGE
37,200
HKD
HIGH
75,700
HKD

A person working in Accounting and Finance in Hong Kong typically earns around 37,200 HKD per month. Salaries range from 15,200 HKD (lowest average) to 75,700 HKD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Accounting and Finance careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Account Examiner17,400 HKD
Account Executive32,700 HKD
Accountant22,900 HKD
Accounting Assistant17,800 HKD
Accounting Associate17,200 HKD
Accounting Clerk14,800 HKD
Accounting Coordinator20,800 HKD
Accounting Manager54,400 HKD
Accounting Supervisor32,700 HKD
Accounting Technician17,400 HKD
Accounts Executive29,900 HKD
Accounts Payable and Receivable Specialist26,000 HKD
Accounts Payable Clerk19,000 HKD
Accounts Payable Manager50,300 HKD
Accounts Receivable Clerk18,900 HKD
Accounts Receivable Manager49,200 HKD
Assistant Accounting Manager46,900 HKD
Assistant Auditor23,900 HKD
Audit Supervisor45,600 HKD
Auditing Clerk19,600 HKD
Auditing Manager51,400 HKD
Billing Coordinator22,600 HKD
Billing Specialist27,000 HKD
Billing Supervisor37,400 HKD
Bookkeeper16,100 HKD
Bookkeeping Specialist23,700 HKD
Budget Analyst41,800 HKD
Budget Manager49,900 HKD
Business Support Analyst26,900 HKD
Capital Markets Associate35,600 HKD
Cash Flow Analyst36,400 HKD
Cash Management Officer27,500 HKD
Cashbook Clerk17,300 HKD
Chartered Accountant30,500 HKD
Collections Clerk14,700 HKD
Collections Specialist24,000 HKD
Corporate Treasurer45,100 HKD
Cost Accountant25,400 HKD
Cost Accounting Manager46,700 HKD
Cost Analyst37,300 HKD
Credit and Collection Manager48,400 HKD
Credit and Collection Staff19,400 HKD
Credit and Loans Officer16,900 HKD
Credit Controller32,500 HKD
Debt Adviser41,900 HKD
Debt Collector20,300 HKD
Debtors Clerk16,400 HKD
Deputy CFO66,000 HKD
Derivative Trader40,700 HKD
Escrow Assistant22,900 HKD
External Auditor34,500 HKD
Finance Associate20,900 HKD
Finance Executive52,300 HKD
Finance Licensing Clerk18,100 HKD
Finance Licensing Manager47,800 HKD
Finance Licensing Specialist27,000 HKD
Finance Officer23,900 HKD
Finance President74,500 HKD
Finance Relationship Manager57,100 HKD
Finance Release Analyst28,000 HKD
Finance Team Leader 52,100 HKD
Financial Actuary35,900 HKD
Financial Administrator42,100 HKD
Financial Analyst44,700 HKD
Financial Applications Specialist31,400 HKD
Financial Assistant20,200 HKD
Financial Associate19,900 HKD
Financial Claims Analyst32,200 HKD
Financial Claims Manager42,500 HKD
Financial Commercial Analyst33,800 HKD
Financial Compliance Analyst40,300 HKD
Financial Consultant32,000 HKD
Financial Controller39,700 HKD
Financial Coordinator22,400 HKD
Financial Customer Service Manager46,900 HKD
Financial Dealer and Broker26,900 HKD
Financial Encoder21,300 HKD
Financial Manager70,600 HKD
Financial Manager65,200 HKD
Financial Operations Manager65,300 HKD
Financial Policy Analyst38,100 HKD
Financial Project Manager48,400 HKD
Financial Quantitative Analyst42,400 HKD
Financial Reporting Consultant35,900 HKD
Financial Reporting Manager46,900 HKD
Financial Services Sales Agent27,000 HKD
Fixed Assets Administrator26,700 HKD
Forensic Accountant28,800 HKD
Fraud Detection Supervisor31,500 HKD
Fraud Prevention Manager52,000 HKD
Fund Accountant24,300 HKD
Grants Coordinator17,700 HKD
Internal Auditor32,800 HKD
Internal Control Adviser40,200 HKD
Internal Control Officer22,200 HKD
Inventory Accountant26,000 HKD
Investment Analyst50,000 HKD
Investment Fund Manager52,100 HKD
Investment Underwriter19,800 HKD
Investor31,800 HKD
Investor Relations Manager49,400 HKD
KYC Team Leader45,100 HKD
Management Economist57,200 HKD
Paymaster18,900 HKD
Payroll Clerk21,600 HKD
Payroll Manager45,100 HKD
Pensions Administrator26,000 HKD
Pricing Analyst40,900 HKD
Private Equity Analyst42,200 HKD
Proposal Development Coordinator21,800 HKD
Receivables Accountant23,200 HKD
Regulatory Accountant27,100 HKD
Retirement Plan Analyst40,800 HKD
Revenue Management Specialist42,300 HKD
Revenue Recognition Analyst45,300 HKD
Risk Management Director58,400 HKD
Risk Management Supervisor47,900 HKD
Tax Accountant23,100 HKD
Tax Advisor36,600 HKD
Tax Associate20,700 HKD
Tax Manager49,300 HKD
Teller14,300 HKD
Treasury Accountant25,600 HKD
Treasury Analyst42,000 HKD
Underwriter16,500 HKD
Underwriting Assistant15,400 HKD
Vice President of Finance70,100 HKD

Accounting and Finance Jobs Salary Distribution in Hong Kong

Median and salary distribution monthly Hong Kong Accounting and Finance
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The median, the maximum, the minimum, and the range

  • Salary Range

    Accounting and Finance salaries in Hong Kong range from 15,200 HKD per month (minimum average salary) to 75,700 HKD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 34,200 HKD per month, which means that half (50%) of people working in Accounting and Finance are earning less than 34,200 HKD while the other half are earning more than 34,200 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 people working in Accounting and Finance are earning less than 22,200 HKD while 75% of them are earning more than 22,200 HKD. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 50,500 HKD while 25% are earning more than 50,500 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Accounting and Finance Salary Comparison By Gender

Salary comparison by gender monthly Hong Kong Accounting and Finance
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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 employees in Hong Kong who work in Accounting and Finance earn 9% more than their female counterparts on average.

Female
35,400 HKD
Male+9%
38,400 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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Accounting and Finance Average Annual Salary Increment Percentage in Hong Kong

How much are annual salary increments in Hong Kong for Accounting and Finance professionals? How often do employees get salary raises?

Accounting and Finance

Accounting and Finance professionals in Hong Kong are likely to observe a salary increase of approximately 6% every 27 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 and Finance
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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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Accounting and Finance Bonus and Incentive Rates in Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Accounting and Finance
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Accounting and Finance is considered to be a high bonus-based field 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.

44% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
56%
No Bonus
44%

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

Accounting and Finance Hourly Average Wage in Hong Kong


210 HKD per hour

The average hourly wage (pay per hour) in Hong Kong is 210 HKD. This means that the average person in Hong Kong earns approximately 210 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 and Finance VS Other Jobs

Salary Comparison Between Accounting and Finance and Accounting and Finance monthly Hong Kong
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The average salary for Accounting and Finance is 2% more than that of All Jobs.

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