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Banking Average Salaries in Shenzhen 2024

How much money does a person working in Banking make in Shenzhen?

Average Monthly Salary
31,700 CNY
( 380,000 CNY yearly)

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 Shenzhen typically earns around 31,700 CNY. Salaries range from 9,910 CNY (lowest average) to 64,600 CNY (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 Shenzhen 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
AML Analyst47,600 CNY
Assistant Bank Branch Manager39,100 CNY
Assistant Bank Manager49,600 CNY
ATM Manager42,900 CNY
ATM Service Technician12,100 CNY
Bank Accounts Analyst17,200 CNY
Bank Accounts Collector10,900 CNY
Bank Accounts Controller22,100 CNY
Bank Accounts Executive33,500 CNY
Bank Accounts Manager39,700 CNY
Bank Auditing Manager39,900 CNY
Bank Branch Manager52,100 CNY
Bank Branch Operations Coordinator23,900 CNY
Bank Clerk10,600 CNY
Bank Client Service Associate13,900 CNY
Bank Collector10,500 CNY
Bank Compliance Specialist26,900 CNY
Bank Manager64,300 CNY
Bank Operational Risk Manager58,700 CNY
Bank Operations Head62,800 CNY
Bank Operations Officer25,900 CNY
Bank Operations Specialist37,200 CNY
Bank Process Manager35,500 CNY
Bank Product Manager 40,900 CNY
Bank Programme Manager42,700 CNY
Bank Project Manager51,300 CNY
Bank Propositions Manager45,800 CNY
Bank Quantitative Analyst30,300 CNY
Bank Regional Manager64,800 CNY
Bank Regional Risk Officer32,400 CNY
Bank Relationship Manager48,600 CNY
Bank Relationship Officer22,100 CNY
Bank Sustainability Analyst36,300 CNY
Bank Teller11,000 CNY
Banker23,100 CNY
Banking Business Analyst33,000 CNY
Banking Business Development Officer19,800 CNY
Banking Business Planning Executive45,600 CNY
Banking Data Analyst38,100 CNY
Banking Product Manager38,400 CNY
Banking Reference Data Manager35,000 CNY
Banking Regulatory Compliance Officer40,000 CNY
Banking Risk Analyst30,900 CNY
Banking Technical Analyst17,600 CNY
Bankruptcy Coordinator22,600 CNY
Bill and Account Collector12,000 CNY
Blockchain Analyst28,000 CNY
Blockchain Architect33,300 CNY
Blockchain Auditor27,300 CNY
Blockchain Compliance Analyst28,800 CNY
Blockchain Consultant30,900 CNY
Blockchain Trade Facilitator27,200 CNY
Budget Analyst33,000 CNY
Capital Risk Manager63,100 CNY
Cards Marketing Manager40,500 CNY
Cash Management Manager56,700 CNY
Check Processing Manager42,900 CNY
Chief Blockchain Officer35,500 CNY
Commercial Vault Associate32,800 CNY
Corporate Banker23,400 CNY
Corporate Dealer35,300 CNY
Credit Analyst24,900 CNY
Credit and Collections Manager44,300 CNY
Credit Card Fraud Investigator34,700 CNY
Credit Portfolio Manager62,000 CNY
Credit Risk Analyst34,600 CNY
Credit Risk Associate36,000 CNY
Cryptocurrency Accountant19,800 CNY
Cryptocurrency Adviser39,400 CNY
Cryptocurrency Analyst30,200 CNY
Cryptocurrency Compliance Manager38,400 CNY
Cryptocurrency Trader31,800 CNY
Digital Banking Manager44,900 CNY
Digital Currency Analyst33,300 CNY
Direct Bank Sales Representative22,000 CNY
Exchange Control Consultant32,800 CNY
Executive Account Analyst32,200 CNY
Financial Bank Planning Consultant41,100 CNY
Financial Banking Analysis Manager48,000 CNY
Financial Banking Assistant15,900 CNY
Financial Banking Systems Manager46,500 CNY
Foreign Exchange Manager46,100 CNY
Fraud Analyst36,100 CNY
Fraud Detection Associate23,400 CNY
Fraud Detection Manager50,800 CNY
Fraud Detection Supervisor28,900 CNY
Internal Bank Audit Manager57,000 CNY
Internal Bank Auditor31,000 CNY
Internal Private Banker23,500 CNY
International Banking Manager67,100 CNY
Investment Banking Analyst44,900 CNY
Loan Analyst31,600 CNY
Loan Area Manager37,900 CNY
Loan Audit Team Leader35,500 CNY
Loan Branch Manager36,000 CNY
Loan Business Development Officer19,800 CNY
Loan Clerk11,900 CNY
Loan Collection and Recovery Manager38,000 CNY
Loan Collection Manager37,100 CNY
Loan Collector10,600 CNY
Loan Examiner14,500 CNY
Loan Officer11,900 CNY
Loan Processing Manager36,600 CNY
Loan Processor14,100 CNY
Loan Quality Assurance Auditor32,600 CNY
Loan Quality Assurance Manager37,100 CNY
Loan Quality Assurance Representative25,300 CNY
Loan Review Manager35,300 CNY
Loan Team Leader32,300 CNY
Loans Manager43,100 CNY
Mortgage Advisor22,700 CNY
Mortgage Collection Manager39,200 CNY
Mortgage Collector10,100 CNY
Mortgage Credit Analyst16,800 CNY
Mortgage Credit Manager36,200 CNY
Mortgage Development Manager42,500 CNY
Mortgage Document Reviewer14,800 CNY
Mortgage Funding Manager40,700 CNY
Mortgage Operations Manager55,200 CNY
Mortgage Payment Processing Clerk12,500 CNY
Mortgage Processing Manager36,800 CNY
Mortgage Processor14,800 CNY
Mortgage Quality Assurance Auditor33,000 CNY
Mortgage Quality Assurance Manager35,000 CNY
Mortgage Servicing Clerk11,700 CNY
Mortgage Servicing Manager34,400 CNY
Mortgage Underwriter13,400 CNY
Online Banking Manager58,300 CNY
Open Banking Strategist35,000 CNY
Payment Processing Clerk11,000 CNY
Personal Banker23,100 CNY
Personal Banking Advisor 22,900 CNY
Phone Banker15,000 CNY
Private Banker23,000 CNY
Reconciliation and Investigation Specialist25,900 CNY
Tax Officer19,400 CNY
Teller11,600 CNY
Trade Officer13,400 CNY
Trade Product Manager39,200 CNY
Trader15,200 CNY
Treasury Operations Officer28,000 CNY
Wealth Management Advisor48,900 CNY

Banking Jobs Pay Scale and Salaries in Shenzhen

Median and salary distribution Shenzhen Banking monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
31,800 CNY or more
10% of people earn
26,300 to 31,800 CNY
20% of people earn
14,300 CNY or less
65% of people earn
14,300 to 26,300 CNY
Minimum Salary
9,910 CNY
28,400 CNY
64,600 CNY

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 Shenzhen range from 9,910 CNY (starting average salary) to 64,600 CNY (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 28,400 CNY, implying that half of the workforce in Shenzhen 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 Shenzhen earn less than 21,200 CNY, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 35,000 CNY, 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 Shenzhen. The analysis revealed that roughly 65% of all reported salaries fell within the range of 14,300 CNY to 26,300 CNY. Approximately 20% of salaries were below the 14,300 CNY mark, while 10% ranged from 26,300 CNY to 31,800 CNY. Only 5% of individuals earned a gross salary of 31,800 CNY 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 Shenzhen 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 Shenzhen, 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 China costs anywhere from 147,000 CNY to 441,000 CNY 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 / Shenzhen

Salary comparison by gender China 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 China, the average difference between the salary of male and female employees is 6%.

32,800 CNY
31,100 CNY
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in China for all Careers

Salary comparison by gender monthly China
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Average Annual Salary Increment Percentage / Banking / Shenzhen

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

Professionals working in Banking in China are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China 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.

China / All Professions

Annual Salary Increment Rate China
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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 China is 7%.

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 / China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China Banking
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100% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

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

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 / Shenzhen

180 CNY per hour

The average hourly wage (pay per hour) in Banking in Shenzhen is 180 CNY.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 Shenzhen is 57 CNY. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary Comparison By City

CityAverage Salary
Dongguan28,800 CNY
Foshan28,600 CNY
Guangzhou35,400 CNY
Shantou31,300 CNY
Shenzhen31,700 CNY

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 China is 6% on average across all career fields.

Private Sector
28,600 CNY
Public Sector+6%
30,300 CNY
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 Shenzhen?

A good and competitive compensation would range anywhere between 28,400 CNY and 35,000 CNY. 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 Shenzhen ranges from 9,910 CNY to 21,200 CNY. 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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