Financial services

2022 Salary Guide

Employers are under pressure to secure skilled talent as companies hire across compliance, risk, and finance operations. FinTech and fund management are driving hiring needs while industry-wide hiring is underway to fulfil revised strategies as businesses look for talent to support regulatory framework rollouts.

Financial services salaries

What does it pay?

Want to know the pay for roles you are interested in? Use the drop-down to discover the national averages for salaries in your preferred job category.

Salary percentiles

Starting salaries are not a one-size-fits-all, which is why we separate them into three percentiles. The percentiles account for differences in experience, skills, professional certifications, demand for the role, and the size/complexity of the company that’s hiring. The starting salaries in this guide represent gross yearly salaries, and do not include bonuses, benefits and social insurance.

25th

Candidate: has little or no prior experience in the position; still developing relevant skills.

Demand: Low

50th

Candidate: average experience; has most of the necessary skills.

Demand: Moderate

75th

Candidate: above-average experience; has most or all the necessary skills; may have specialised certifications.

Demand: High

Small companies: < ¥ 100 million, Mid-size companies: ¥100 million - ¥500 million, Large companies: > ¥500 million

Hiring trends in financial services

Hiring activity led by high-growth sectors

Demand for financial services talent is driven by China’s high-growth sectors, including tech, media, and healthcare.
Business expansion is increasing pressure to develop strong company cultures capable of attracting and retaining talent.
MNCs are maintaining headcount with a focus on filling vacant roles while they also have a stricter hiring criterion which prioritises domestic market banking experience.

{"type":"radialBar","container":"#SG2216D","data":{"series":[{"name":{"zh":"","en":""},"data":[85],"colors":[""]}]},"dataPrefix":{"zh":"","en":""},"dataSuffix":{"zh":"%","en":"%"},"xAxis":{"categories":{"zh":[],"en":[]},"title":{"zh":"","en":""}},"yAxis":{"zh":"","en":""},"showLegend":false,"disableAnimation":false,"legendPosition":"bottom","title":{"zh":"","en":""},"summary":{"zh":"","en":""},"heightOverride":{"sm":"65","xl":"110"},"widthOverride":{"all":""},"hollowOverride":60,"legendMargin":null,"theme":{"radialLayout":"full","radialTheme":"rounded","radialFill":"gradient","radialGradientColors":["#68ACE5","#337296"]},"optionsOverride":{},"responsiveOverride":{}}

of Chinese CFOs believe Mainland China will have the strongest post-pandemic growth globallyⁱ

{"type":"radialBar","container":"#SG2216E","data":{"series":[{"name":{"zh":"","en":""},"data":[34],"colors":[""]}]},"dataPrefix":{"zh":"","en":""},"dataSuffix":{"zh":"%","en":"%"},"xAxis":{"categories":{"zh":[],"en":[]},"title":{"zh":"","en":""}},"yAxis":{"zh":"","en":""},"showLegend":false,"disableAnimation":false,"legendPosition":"bottom","title":{"zh":"","en":""},"summary":{"zh":"","en":""},"heightOverride":{"lg":"120","xl":"200"},"widthOverride":{"all":""},"hollowOverride":null,"legendMargin":null,"theme":{"radialLayout":"half","radialTheme":"straight","radialFill":"gradient","radialGradientColors":["#337296","#68ace5"]},"optionsOverride":{},"responsiveOverride":{}}

increase in assets under management in China in 2020ⁱⁱ

Fund management expertise needed for global investment

As new global players obtain licenses to run asset management operations in China, the asset management industry is experiencing unprecedented growth.
To support expansion, demand is rising for local talent with portfolio and risk management expertise, and front-office finance roles.
Senior positions, including the role of COO, are also in demand to set the business agenda for new market entrants.

FinTech drives demand for technical skills

Demand is high for candidates with skills and experience in system implementations, system upgrades, data analytics tools, and AI.
The FinTech industry has experienced rapid growth following COVID-19 as traditional organisations introduce new products and services, and new entrants emerge.
Rapid development in the FinTech sector is fueling demand for compliance professionals to navigate the evolving regulatory landscape.

Here are 5 ways to upskill your finance team for a digital future

{"type":"radialBar","container":"#SG2216F","data":{"series":[{"name":{"zh":"","en":""},"data":[87],"colors":[""]}]},"dataPrefix":{"zh":"","en":""},"dataSuffix":{"zh":"%","en":"%"},"xAxis":{"categories":{"zh":[],"en":[]},"title":{"zh":"","en":""}},"yAxis":{"zh":"","en":""},"showLegend":false,"disableAnimation":false,"legendPosition":"bottom","title":{"zh":"","en":""},"summary":{"zh":"","en":""},"heightOverride":{"lg":"120","xl":"200"},"widthOverride":{"all":""},"hollowOverride":null,"legendMargin":null,"theme":{"radialLayout":"half","radialTheme":"straight","radialFill":"gradient","radialGradientColors":["#73d1b7","#44687d"]},"optionsOverride":{},"responsiveOverride":{}}

China has the highest FinTech adoption rate amongst consumers in the worldⁱⁱⁱ

How much should I earn or pay?

Enter the job title below to reveal specific salary ranges

Top roles in demand

Compliance Manager
Corporate Finance, M&A Manager

Research Analyst/Investment Analyst
Risk Manager

In-demand technical skills/qualifications

IFRS 17 reporting
Fund accounting
Liquidity risk
Language skills (Mandarin, English – verbal and written) for multinationals
IT skills (Python, C+ BASIC, C, C++, COBOL, Java, R, Tableau, SQL, VBA, and Macro)