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Banking Average Salaries in Hong Kong 2024

How much money does a person working in Banking make in Hong Kong?


Average Monthly Salary
40,000 HKD
( 480,000 HKD yearly)

LOW
12,500
HKD
AVERAGE
40,000
HKD
HIGH
81,700
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 in Banking in Hong Kong typically earns around 40,000 HKD. Salaries range from 12,500 HKD (lowest average) to 81,700 HKD (highest average, actual maximum salary is higher).


Salary Variance

The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Banking domain in Hong Kong exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.

Salaries for specific jobs

Job TitleAverage Salary
Banking
AML Analyst52,300 HKD
Assistant Bank Branch Manager43,700 HKD
Assistant Bank Manager58,800 HKD
ATM Manager49,500 HKD
ATM Service Technician13,600 HKD
Bank Accounts Analyst19,600 HKD
Bank Accounts Collector12,200 HKD
Bank Accounts Controller25,600 HKD
Bank Accounts Executive37,800 HKD
Bank Accounts Manager43,700 HKD
Bank Auditing Manager43,700 HKD
Bank Branch Manager59,800 HKD
Bank Branch Operations Coordinator27,000 HKD
Bank Clerk12,400 HKD
Bank Client Service Associate17,100 HKD
Bank Collector12,100 HKD
Bank Compliance Specialist33,900 HKD
Bank Manager75,900 HKD
Bank Operational Risk Manager69,900 HKD
Bank Operations Head78,000 HKD
Bank Operations Officer29,600 HKD
Bank Operations Specialist47,300 HKD
Bank Process Manager40,500 HKD
Bank Product Manager 49,500 HKD
Bank Programme Manager47,700 HKD
Bank Project Manager57,300 HKD
Bank Propositions Manager54,400 HKD
Bank Quantitative Analyst37,300 HKD
Bank Regional Manager74,300 HKD
Bank Regional Risk Officer39,700 HKD
Bank Relationship Manager54,200 HKD
Bank Relationship Officer24,900 HKD
Bank Sustainability Analyst43,000 HKD
Bank Teller13,600 HKD
Banker24,800 HKD
Banking Business Analyst38,700 HKD
Banking Business Development Officer25,000 HKD
Banking Business Planning Executive55,700 HKD
Banking Data Analyst44,000 HKD
Banking Product Manager45,800 HKD
Banking Reference Data Manager40,400 HKD
Banking Regulatory Compliance Officer45,000 HKD
Banking Risk Analyst36,900 HKD
Banking Technical Analyst20,800 HKD
Bankruptcy Coordinator28,000 HKD
Bill and Account Collector13,000 HKD
Blockchain Analyst31,000 HKD
Blockchain Architect39,700 HKD
Blockchain Auditor35,000 HKD
Blockchain Compliance Analyst36,100 HKD
Blockchain Consultant37,700 HKD
Blockchain Trade Facilitator32,200 HKD
Budget Analyst35,900 HKD
Capital Risk Manager70,500 HKD
Cards Marketing Manager46,200 HKD
Cash Management Manager69,800 HKD
Check Processing Manager51,400 HKD
Chief Blockchain Officer43,900 HKD
Commercial Vault Associate36,800 HKD
Corporate Banker28,800 HKD
Corporate Dealer40,000 HKD
Credit Analyst30,600 HKD
Credit and Collections Manager53,000 HKD
Credit Card Fraud Investigator40,500 HKD
Credit Portfolio Manager68,200 HKD
Credit Risk Analyst42,900 HKD
Credit Risk Associate40,000 HKD
Cryptocurrency Accountant25,200 HKD
Cryptocurrency Adviser48,800 HKD
Cryptocurrency Analyst36,500 HKD
Cryptocurrency Compliance Manager45,100 HKD
Cryptocurrency Trader40,300 HKD
Digital Banking Manager52,100 HKD
Digital Currency Analyst37,600 HKD
Direct Bank Sales Representative27,700 HKD
Exchange Control Consultant39,700 HKD
Executive Account Analyst35,600 HKD
Financial Bank Planning Consultant50,400 HKD
Financial Banking Analysis Manager57,100 HKD
Financial Banking Assistant18,500 HKD
Financial Banking Systems Manager52,600 HKD
Foreign Exchange Manager56,100 HKD
Fraud Analyst38,700 HKD
Fraud Detection Associate27,700 HKD
Fraud Detection Manager61,300 HKD
Fraud Detection Supervisor33,300 HKD
Internal Bank Audit Manager69,100 HKD
Internal Bank Auditor36,700 HKD
Internal Private Banker28,600 HKD
International Banking Manager77,200 HKD
Investment Banking Analyst56,400 HKD
Loan Analyst36,800 HKD
Loan Area Manager45,300 HKD
Loan Audit Team Leader42,400 HKD
Loan Branch Manager41,900 HKD
Loan Business Development Officer22,500 HKD
Loan Clerk13,100 HKD
Loan Collection and Recovery Manager44,100 HKD
Loan Collection Manager44,300 HKD
Loan Collector12,000 HKD
Loan Examiner15,900 HKD
Loan Officer14,300 HKD
Loan Processing Manager39,200 HKD
Loan Processor16,300 HKD
Loan Quality Assurance Auditor40,500 HKD
Loan Quality Assurance Manager44,900 HKD
Loan Quality Assurance Representative29,800 HKD
Loan Review Manager44,900 HKD
Loan Team Leader40,000 HKD
Loans Manager49,200 HKD
Mortgage Advisor27,400 HKD
Mortgage Collection Manager46,100 HKD
Mortgage Collector12,800 HKD
Mortgage Credit Analyst20,800 HKD
Mortgage Credit Manager43,600 HKD
Mortgage Development Manager49,800 HKD
Mortgage Document Reviewer16,900 HKD
Mortgage Funding Manager50,000 HKD
Mortgage Operations Manager65,900 HKD
Mortgage Payment Processing Clerk14,500 HKD
Mortgage Processing Manager44,100 HKD
Mortgage Processor17,300 HKD
Mortgage Quality Assurance Auditor37,400 HKD
Mortgage Quality Assurance Manager42,700 HKD
Mortgage Servicing Clerk13,300 HKD
Mortgage Servicing Manager42,200 HKD
Mortgage Underwriter15,900 HKD
Online Banking Manager65,400 HKD
Open Banking Strategist39,500 HKD
Payment Processing Clerk13,300 HKD
Personal Banker26,300 HKD
Personal Banking Advisor 28,700 HKD
Phone Banker18,200 HKD
Private Banker27,000 HKD
Reconciliation and Investigation Specialist30,800 HKD
Tax Officer22,100 HKD
Teller12,600 HKD
Trade Officer15,500 HKD
Trade Product Manager44,400 HKD
Trader18,500 HKD
Treasury Operations Officer35,400 HKD
Wealth Management Advisor58,300 HKD


Banking Jobs Pay Scale and Salaries in Hong Kong

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

5% of people earn
38,600 HKD or more
10% of people earn
31,900 to 38,600 HKD
20% of people earn
17,300 HKD or less
65% of people earn
17,300 to 31,900 HKD
Minimum Salary
12,500 HKD
Median
34,500 HKD
Maximum
81,700 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 in Banking in Hong Kong range from 12,500 HKD (starting average salary) to 81,700 HKD (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.

  • Median Salary

    The median income in the field of Banking is 34,500 HKD, implying that half of the workforce in Hong Kong earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.

  • Percentiles and Salary Scale

    Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Banking in Hong Kong earn less than 25,800 HKD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 42,400 HKD, while 25% earn more than that.

  • Pay Scale Structure

    Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Banking in Hong Kong. The analysis revealed that roughly 65% of all reported salaries fell within the range of 17,300 HKD to 31,900 HKD. Approximately 20% of salaries were below the 17,300 HKD mark, while 10% ranged from 31,900 HKD to 38,600 HKD. Only 5% of individuals earned a gross salary of 38,600 HKD or higher.

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 in Banking in Hong Kong 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.


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.
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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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.

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 degree levels across many jobs in Banking in Hong Kong, 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 certificate 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 184,000 HKD to 551,000 HKD and lasts approximately two years. That is quite an investment.

Employees can't expect any salary increases during the study period, assuming they 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

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



Salary and Compensation Comparison By Gender / Banking / Hong Kong

Salary comparison by gender Hong Kong Banking 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? In the field of Banking in Hong Kong, the average difference between the salary of male and female employees is 7%.

Male
41,200 HKD
Female-6%
38,600 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 / Banking / Hong Kong

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

Professionals working in Banking 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 Banking
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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 / Banking / Hong Kong

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Hong Kong Banking
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44% of surveyed staff in Banking 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.

Hourly Average Wage / Banking / Hong Kong


230 HKD per hour

The average hourly wage (pay per hour) in Banking in Hong Kong is 230 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 in Banking in Hong Kong is 72 HKD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

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 in Banking in Hong Kong?

A good and competitive compensation would range anywhere between 34,500 HKD and 42,400 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 jobs in Banking in Hong Kong ranges from 12,500 HKD to 25,800 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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