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Accounting and Finance Average Salaries in Guangzhou 2021

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


Average Monthly Salary
33,400 CNY
( 400,000 CNY yearly)

LOW
13,500
CNY
AVERAGE
33,400
CNY
HIGH
67,000
CNY

A person working in Accounting and Finance in Guangzhou typically earns around 33,400 CNY per month. Salaries range from 13,500 CNY (lowest average) to 67,000 CNY (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 Examiner17,500 CNY
Account Executive29,600 CNY
Accountant23,500 CNY
Accounting Assistant18,600 CNY
Accounting Associate17,200 CNY
Accounting Clerk14,200 CNY
Accounting Coordinator21,000 CNY
Accounting Manager48,200 CNY
Accounting Supervisor33,900 CNY
Accounting Technician16,400 CNY
Accounts Executive29,500 CNY
Accounts Payable and Receivable Specialist24,700 CNY
Accounts Payable Clerk17,100 CNY
Accounts Payable Manager46,100 CNY
Accounts Receivable Clerk17,600 CNY
Accounts Receivable Manager46,700 CNY
Assistant Accounting Manager45,700 CNY
Assistant Auditor22,600 CNY
Audit Supervisor42,600 CNY
Auditing Clerk18,300 CNY
Auditing Manager51,200 CNY
Billing Coordinator20,900 CNY
Billing Specialist24,200 CNY
Billing Supervisor35,600 CNY
Bookkeeper15,500 CNY
Bookkeeping Specialist22,400 CNY
Budget Analyst41,100 CNY
Budget Manager49,900 CNY
Business Support Analyst25,500 CNY
Capital Markets Associate36,100 CNY
Cash Flow Analyst37,100 CNY
Cash Management Officer26,200 CNY
Cashbook Clerk15,300 CNY
Chartered Accountant29,600 CNY
Collections Clerk15,000 CNY
Collections Specialist22,900 CNY
Corporate Treasurer43,000 CNY
Cost Accountant24,000 CNY
Cost Accounting Manager45,300 CNY
Cost Analyst36,900 CNY
Credit and Collection Manager48,400 CNY
Credit and Collection Staff18,100 CNY
Credit and Loans Officer17,000 CNY
Credit Controller33,500 CNY
Debt Adviser40,300 CNY
Debt Collector19,900 CNY
Debtors Clerk15,900 CNY
Deputy CFO61,800 CNY
Derivative Trader42,200 CNY
Escrow Assistant21,500 CNY
External Auditor31,700 CNY
Finance Associate21,500 CNY
Finance Executive48,000 CNY
Finance Licensing Clerk17,600 CNY
Finance Licensing Manager42,800 CNY
Finance Licensing Specialist24,600 CNY
Finance Officer21,400 CNY
Finance President67,500 CNY
Finance Relationship Manager53,600 CNY
Finance Release Analyst27,000 CNY
Finance Team Leader 52,400 CNY
Financial Actuary37,600 CNY
Financial Administrator40,700 CNY
Financial Analyst43,900 CNY
Financial Applications Specialist28,800 CNY
Financial Assistant18,800 CNY
Financial Associate19,100 CNY
Financial Claims Analyst31,700 CNY
Financial Claims Manager42,600 CNY
Financial Commercial Analyst34,700 CNY
Financial Compliance Analyst37,600 CNY
Financial Consultant31,100 CNY
Financial Controller37,600 CNY
Financial Coordinator20,800 CNY
Financial Customer Service Manager44,100 CNY
Financial Dealer and Broker26,000 CNY
Financial Encoder19,200 CNY
Financial Manager62,700 CNY
Financial Operations Manager60,100 CNY
Financial Policy Analyst37,800 CNY
Financial Project Manager47,000 CNY
Financial Quantitative Analyst41,400 CNY
Financial Reporting Consultant35,400 CNY
Financial Reporting Manager46,600 CNY
Financial Services Sales Agent24,700 CNY
Fixed Assets Administrator24,500 CNY
Forensic Accountant27,100 CNY
Fraud Detection Supervisor30,200 CNY
Fraud Prevention Manager45,800 CNY
Fund Accountant21,800 CNY
Grants Coordinator17,700 CNY
Internal Auditor30,700 CNY
Internal Control Adviser38,500 CNY
Internal Control Officer19,600 CNY
Inventory Accountant23,300 CNY
Investment Analyst46,300 CNY
Investment Fund Manager50,400 CNY
Investment Underwriter19,500 CNY
Investor31,600 CNY
Investor Relations Manager45,100 CNY
KYC Team Leader47,100 CNY
Management Economist52,200 CNY
Paymaster19,400 CNY
Payroll Clerk20,400 CNY
Payroll Manager43,300 CNY
Pensions Administrator23,700 CNY
Pricing Analyst39,300 CNY
Private Equity Analyst39,700 CNY
Proposal Development Coordinator19,900 CNY
Receivables Accountant22,600 CNY
Regulatory Accountant26,600 CNY
Retirement Plan Analyst39,000 CNY
Revenue Management Specialist37,200 CNY
Revenue Recognition Analyst44,000 CNY
Risk Management Director55,200 CNY
Risk Management Supervisor46,100 CNY
Tax Accountant22,000 CNY
Tax Advisor35,500 CNY
Tax Associate20,000 CNY
Tax Manager48,300 CNY
Teller14,500 CNY
Treasury Accountant24,600 CNY
Treasury Analyst39,800 CNY
Underwriter16,000 CNY
Underwriting Assistant15,200 CNY
Vice President of Finance67,100 CNY

Accounting and Finance Jobs Salary Distribution in Guangzhou

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

  • Salary Range

    Accounting and Finance salaries in Guangzhou range from 13,500 CNY per month (minimum average salary) to 67,000 CNY per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 33,400 CNY per month, which means that half (50%) of people working in Accounting and Finance are earning less than 33,400 CNY while the other half are earning more than 33,400 CNY. 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 21,100 CNY while 75% of them are earning more than 21,100 CNY. Also from the diagram, 75% of people working in Accounting and Finance are earning less than 50,200 CNY while 25% are earning more than 50,200 CNY.


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 China costs anywhere from 146,000 Yuan Renminbi(s) to 439,000 Yuan Renminbi(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 China 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 China who work in Accounting and Finance earn 6% more than their female counterparts on average.

Male
30,900 CNY
Female-5%
29,300 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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Accounting and Finance Average Annual Salary Increment Percentage in China

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

Accounting and Finance

Accounting and Finance professionals in China are likely to observe a salary increase of approximately 11% every 13 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate China 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.

China / 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 China is 7%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in China for the year 2020. 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 China

How much and how often are bonuses being awarded?Annual Salary Bonus Rate China 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.

21% of surveyed staff in Accounting and Finance reported that they haven't received any bonuses or incentives in the previous year while 79% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 8% of their annual salary.

Received Bonus
79%
No Bonus
21%

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.

Accounting and Finance Hourly Average Wage in Guangzhou


190 CNY per hour

The average hourly wage (pay per hour) in Guangzhou is 190 CNY. This means that the average person in Guangzhou earns approximately 190 CNY 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 Guangzhou
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The average salary for Accounting and Finance is 3% more than that of All Jobs.

Guangzhou VS China

Salary Comparison Between Guangzhou and China monthly Accounting and Finance
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We compared Accounting and Finance salaries in Guangzhou, Guangdong, and China and we found that Guangzhou salaries are 0% less than those of Guangdong. We also found out that Guangdong salaries are 11% more than those of China.

Salary Comparison By City

CityAverage Salary
Dongguan27,200 CNY
Foshan26,900 CNY
Guangzhou33,400 CNY
Shantou29,500 CNY
Shenzhen29,800 CNY

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in China earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
28,500 CNY
Public Sector+6%
30,100 CNY
Percentage increase and decrease are relative to the previous value

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