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Banking Average Salaries in China 2021

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

Average Monthly Salary
31,900 CNY
( 382,000 CNY yearly)


A person working in Banking in China typically earns around 31,900 CNY per month. Salaries range from 10,000 CNY (lowest average) to 65,400 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 Banking 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
AML Analyst43,100 CNY
Assistant Bank Branch Manager37,100 CNY
Assistant Bank Manager50,800 CNY
ATM Manager44,800 CNY
ATM Service Technician11,700 CNY
Bank Accounts Analyst16,800 CNY
Bank Accounts Controller21,200 CNY
Bank Accounts Executive32,900 CNY
Bank Accounts Manager36,000 CNY
Bank Auditing Manager39,300 CNY
Bank Branch Manager53,600 CNY
Bank Clerk10,300 CNY
Bank Compliance Specialist26,800 CNY
Bank Manager60,500 CNY
Bank Operational Risk Manager63,000 CNY
Bank Operations Head62,600 CNY
Bank Operations Officer24,100 CNY
Bank Operations Specialist39,500 CNY
Bank Process Manager33,600 CNY
Bank Product Manager 41,600 CNY
Bank Programme Manager40,500 CNY
Bank Project Manager47,100 CNY
Bank Propositions Manager45,300 CNY
Bank Quantitative Analyst31,900 CNY
Bank Regional Manager64,400 CNY
Bank Regional Risk Officer32,900 CNY
Bank Relationship Manager44,600 CNY
Bank Relationship Officer21,000 CNY
Banker22,100 CNY
Banking Business Analyst32,600 CNY
Banking Business Development Officer20,100 CNY
Banking Business Planning Executive45,600 CNY
Banking Product Manager41,300 CNY
Banking Reference Data Manager36,600 CNY
Banking Risk Analyst30,500 CNY
Banking Technical Analyst17,100 CNY
Bankruptcy Coordinator22,200 CNY
Budget Analyst32,000 CNY
Cards Marketing Manager39,600 CNY
Cash Management Manager58,500 CNY
Check Processing Manager40,900 CNY
Commercial Vault Associate30,600 CNY
Corporate Dealer34,100 CNY
Credit Analyst25,300 CNY
Credit and Collections Manager41,600 CNY
Credit Card Fraud Investigator33,300 CNY
Credit Portfolio Manager58,000 CNY
Credit Risk Analyst34,600 CNY
Credit Risk Associate34,800 CNY
Direct Bank Sales Representative23,900 CNY
Financial Bank Planning Consultant41,800 CNY
Financial Banking Analysis Manager49,000 CNY
Financial Banking Assistant15,000 CNY
Financial Banking Systems Manager44,800 CNY
Foreign Exchange Manager45,300 CNY
Fraud Analyst34,500 CNY
Fraud Detection Associate23,500 CNY
Fraud Detection Manager50,900 CNY
Fraud Detection Supervisor26,800 CNY
Internal Bank Audit Manager61,000 CNY
Internal Bank Auditor30,700 CNY
International Banking Manager67,800 CNY
Loan Analyst31,900 CNY
Loan Area Manager37,400 CNY
Loan Audit Team Leader35,000 CNY
Loan Branch Manager36,300 CNY
Loan Business Development Officer20,400 CNY
Loan Clerk11,300 CNY
Loan Collection Manager39,900 CNY
Loan Collector10,800 CNY
Loan Examiner13,600 CNY
Loan Processing Manager35,000 CNY
Loan Processor13,800 CNY
Loan Quality Assurance Auditor32,500 CNY
Loan Quality Assurance Manager37,700 CNY
Loan Quality Assurance Representative23,800 CNY
Loan Review Manager37,500 CNY
Loan Team Leader31,700 CNY
Mortgage Advisor22,800 CNY
Mortgage Collection Manager36,300 CNY
Mortgage Collector10,600 CNY
Mortgage Credit Analyst16,200 CNY
Mortgage Credit Manager35,700 CNY
Mortgage Development Manager42,800 CNY
Mortgage Document Reviewer13,800 CNY
Mortgage Funding Manager42,700 CNY
Mortgage Operations Manager58,300 CNY
Mortgage Payment Processing Clerk12,200 CNY
Mortgage Processing Manager35,700 CNY
Mortgage Processor14,700 CNY
Mortgage Quality Assurance Auditor32,900 CNY
Mortgage Quality Assurance Manager35,600 CNY
Mortgage Servicing Clerk10,700 CNY
Mortgage Servicing Manager35,600 CNY
Mortgage Underwriter13,900 CNY
Online Banking Manager54,500 CNY
Payment Processing Clerk11,600 CNY
Personal Banker22,300 CNY
Personal Banking Advisor 24,800 CNY
Phone Banker16,100 CNY
Private Banker22,400 CNY
Reconciliation and Investigation Specialist26,900 CNY
Teller10,900 CNY
Trade Officer13,000 CNY
Trade Product Manager39,000 CNY
Trader15,400 CNY
Treasury Operations Officer28,300 CNY

Banking Jobs Salary Distribution in China

Median and salary distribution monthly China Banking
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The median, the maximum, the minimum, and the range

  • Salary Range

    Banking salaries in China range from 10,000 CNY per month (minimum average salary) to 65,400 CNY per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 31,900 CNY per month, which means that half (50%) of people working in Banking are earning less than 31,900 CNY while the other half are earning more than 31,900 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 Banking are earning less than 18,800 CNY while 75% of them are earning more than 18,800 CNY. Also from the diagram, 75% of people working in Banking are earning less than 48,600 CNY while 25% are earning more than 48,600 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.

Banking Salary Comparison By Gender

Salary comparison by gender monthly China Banking
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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 Banking earn 6% more than their female counterparts on average.

32,600 CNY
30,900 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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Banking Average Annual Salary Increment Percentage in China

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


Banking 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 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

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

Information Technology

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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Banking Bonus and Incentive Rates in China

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

Banking Hourly Average Wage in China

180 CNY per hour

The average hourly wage (pay per hour) in China is 180 CNY. This means that the average person in China earns approximately 180 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly China
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Beijing36,500 CNY
Changchun30,400 CNY
Changsha28,900 CNY
Chengdu33,400 CNY
Chongqing36,900 CNY
Dalian30,100 CNY
Dongguan28,700 CNY
Foshan28,400 CNY
Fuzhou30,400 CNY
Guangzhou35,200 CNY
Hangzhou35,400 CNY
Harbin33,900 CNY
Jinan35,400 CNY
Kunming28,700 CNY
Nanjing31,900 CNY
Qingdao32,800 CNY
Quanzhou29,900 CNY
Shanghai34,500 CNY
Shantou31,100 CNY
Shenyang33,000 CNY
Shenzhen31,500 CNY
Suzhou30,700 CNY
Tianjin33,400 CNY
Wenzhou31,400 CNY
Wuhan36,500 CNY
Wuxi27,400 CNY
Xi an34,900 CNY
Xiamen29,200 CNY
Zhengzhou28,300 CNY

Salary Comparison By State

StateAverage Salary
Anhui32,900 CNY
Beijing27,200 CNY
Chongqing29,000 CNY
Fujian30,900 CNY
Gansu28,500 CNY
Guangdong35,200 CNY
Guangxi32,200 CNY
Guizhou29,500 CNY
Hainan26,700 CNY
Hebei33,800 CNY
Heilongjiang30,200 CNY
Henan34,800 CNY
Hubei33,000 CNY
Hunan33,700 CNY
Jiangsu34,300 CNY
Jiangxi31,900 CNY
Jilin29,100 CNY
Liaoning31,600 CNY
Nei Monggol28,600 CNY
Ningxia26,700 CNY
Qinghai26,400 CNY
Shaanxi30,800 CNY
Shandong35,500 CNY
Shanghai28,400 CNY
Shanxi30,300 CNY
Sichuan35,000 CNY
Tianjin27,600 CNY
Xinjiang Uygur28,200 CNY
Xizang [Tibet]26,400 CNY
Yunnan32,700 CNY
Zhejiang33,300 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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