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.
|Job Title||Average Salary|
|Account Examiner||17,400 HKD|
|Account Executive||32,700 HKD|
|Accounting Assistant||17,800 HKD|
|Accounting Associate||17,200 HKD|
|Accounting Clerk||14,800 HKD|
|Accounting Coordinator||20,800 HKD|
|Accounting Manager||54,400 HKD|
|Accounting Supervisor||32,700 HKD|
|Accounting Technician||17,400 HKD|
|Accounts Executive||29,900 HKD|
|Accounts Payable and Receivable Specialist||26,000 HKD|
|Accounts Payable Clerk||19,000 HKD|
|Accounts Payable Manager||50,300 HKD|
|Accounts Receivable Clerk||18,900 HKD|
|Accounts Receivable Manager||49,200 HKD|
|Assistant Accounting Manager||46,900 HKD|
|Assistant Auditor||23,900 HKD|
|Audit Supervisor||45,600 HKD|
|Auditing Clerk||19,600 HKD|
|Auditing Manager||51,400 HKD|
|Billing Coordinator||22,600 HKD|
|Billing Specialist||27,000 HKD|
|Billing Supervisor||37,400 HKD|
|Bookkeeping Specialist||23,700 HKD|
|Budget Analyst||41,800 HKD|
|Budget Manager||49,900 HKD|
|Business Support Analyst||26,900 HKD|
|Capital Markets Associate||35,600 HKD|
|Cash Flow Analyst||36,400 HKD|
|Cash Management Officer||27,500 HKD|
|Cashbook Clerk||17,300 HKD|
|Chartered Accountant||30,500 HKD|
|Collections Clerk||14,700 HKD|
|Collections Specialist||24,000 HKD|
|Corporate Treasurer||45,100 HKD|
|Cost Accountant||25,400 HKD|
|Cost Accounting Manager||46,700 HKD|
|Cost Analyst||37,300 HKD|
|Credit and Collection Manager||48,400 HKD|
|Credit and Collection Staff||19,400 HKD|
|Credit and Loans Officer||16,900 HKD|
|Credit Controller||32,500 HKD|
|Debt Adviser||41,900 HKD|
|Debt Collector||20,300 HKD|
|Debtors Clerk||16,400 HKD|
|Deputy CFO||66,000 HKD|
|Derivative Trader||40,700 HKD|
|Escrow Assistant||22,900 HKD|
|External Auditor||34,500 HKD|
|Finance Associate||20,900 HKD|
|Finance Executive||52,300 HKD|
|Finance Licensing Clerk||18,100 HKD|
|Finance Licensing Manager||47,800 HKD|
|Finance Licensing Specialist||27,000 HKD|
|Finance Officer||23,900 HKD|
|Finance President||74,500 HKD|
|Finance Relationship Manager||57,100 HKD|
|Finance Release Analyst||28,000 HKD|
|Finance Team Leader||52,100 HKD|
|Financial Actuary||35,900 HKD|
|Financial Administrator||42,100 HKD|
|Financial Analyst||44,700 HKD|
|Financial Applications Specialist||31,400 HKD|
|Financial Assistant||20,200 HKD|
|Financial Associate||19,900 HKD|
|Financial Claims Analyst||32,200 HKD|
|Financial Claims Manager||42,500 HKD|
|Financial Commercial Analyst||33,800 HKD|
|Financial Compliance Analyst||40,300 HKD|
|Financial Consultant||32,000 HKD|
|Financial Controller||39,700 HKD|
|Financial Coordinator||22,400 HKD|
|Financial Customer Service Manager||46,900 HKD|
|Financial Dealer and Broker||26,900 HKD|
|Financial Encoder||21,300 HKD|
|Financial Manager||70,600 HKD|
|Financial Manager||65,200 HKD|
|Financial Operations Manager||65,300 HKD|
|Financial Policy Analyst||38,100 HKD|
|Financial Project Manager||48,400 HKD|
|Financial Quantitative Analyst||42,400 HKD|
|Financial Reporting Consultant||35,900 HKD|
|Financial Reporting Manager||46,900 HKD|
|Financial Services Sales Agent||27,000 HKD|
|Fixed Assets Administrator||26,700 HKD|
|Forensic Accountant||28,800 HKD|
|Fraud Detection Supervisor||31,500 HKD|
|Fraud Prevention Manager||52,000 HKD|
|Fund Accountant||24,300 HKD|
|Grants Coordinator||17,700 HKD|
|Internal Auditor||32,800 HKD|
|Internal Control Adviser||40,200 HKD|
|Internal Control Officer||22,200 HKD|
|Inventory Accountant||26,000 HKD|
|Investment Analyst||50,000 HKD|
|Investment Fund Manager||52,100 HKD|
|Investment Underwriter||19,800 HKD|
|Investor Relations Manager||49,400 HKD|
|KYC Team Leader||45,100 HKD|
|Management Economist||57,200 HKD|
|Payroll Clerk||21,600 HKD|
|Payroll Manager||45,100 HKD|
|Pensions Administrator||26,000 HKD|
|Pricing Analyst||40,900 HKD|
|Private Equity Analyst||42,200 HKD|
|Proposal Development Coordinator||21,800 HKD|
|Receivables Accountant||23,200 HKD|
|Regulatory Accountant||27,100 HKD|
|Retirement Plan Analyst||40,800 HKD|
|Revenue Management Specialist||42,300 HKD|
|Revenue Recognition Analyst||45,300 HKD|
|Risk Management Director||58,400 HKD|
|Risk Management Supervisor||47,900 HKD|
|Tax Accountant||23,100 HKD|
|Tax Advisor||36,600 HKD|
|Tax Associate||20,700 HKD|
|Tax Manager||49,300 HKD|
|Treasury Accountant||25,600 HKD|
|Treasury Analyst||42,000 HKD|
|Underwriting Assistant||15,400 HKD|
|Vice President of Finance||70,100 HKD|
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).
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
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.
The average salary for Accounting and Finance is 2% more than that of All Jobs.