How much money does a person working in Accounting and Finance make in Hong Kong?
Average Monthly Salary
38,000 HKD
( 456,000 HKD yearly)
LOW
15,200
HKD
AVERAGE
38,000
HKD
HIGH
75,700
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 Accounting and Finance in Hong Kong typically earns around 38,000 HKD. Salaries range from 15,200 HKD (lowest average) to 75,700 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 Accounting and Finance 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
Accounting and Finance | |
Account Examiner | 17,400 HKD |
Account Executive | 32,700 HKD |
Accountant | 22,900 HKD |
Accounting Analyst | 31,000 HKD |
|
Accounting Assistant | 17,800 HKD |
Accounting Associate | 17,200 HKD |
Accounting Clerk | 14,800 HKD |
Accounting Coordinator | 20,800 HKD |
Accounting Head | 51,800 HKD |
Accounting Manager | 54,400 HKD |
Accounting Officer | 18,700 HKD |
Accounting Specialist | 34,000 HKD |
Accounting Supervisor | 32,700 HKD |
Accounting Technician | 17,400 HKD |
Accounting Unit Controller | 42,100 HKD |
Accounts Executive | 29,900 HKD |
Accounts Officer | 19,600 HKD |
Accounts Payable and Receivable Specialist | 26,000 HKD |
Accounts Payable Assistant | 19,400 HKD |
Accounts Payable Associate | 21,700 HKD |
Accounts Payable Clerk | 19,000 HKD |
Accounts Payable Manager | 50,300 HKD |
Accounts Receivable Administrator | 36,300 HKD |
Accounts Receivable Clerk | 18,900 HKD |
Accounts Receivable Financial Analyst | 35,700 HKD |
Accounts Receivable Manager | 49,200 HKD |
Accounts Receivable Team Leader | 35,400 HKD |
Algorithmic Trading Specialist | 44,900 HKD |
Assistant Accountant | 18,600 HKD |
Assistant Accounting Manager | 46,900 HKD |
Assistant Auditor | 23,900 HKD |
Assistant Corporate Controller | 33,000 HKD |
Assistant Finance Manager | 50,000 HKD |
Assistant Financial Controller | 33,100 HKD |
Audit Director | 54,600 HKD |
Audit Supervisor | 45,600 HKD |
Auditing Clerk | 19,600 HKD |
Auditing Manager | 51,400 HKD |
Billing Clerk | 19,000 HKD |
Billing Coordinator | 22,600 HKD |
Billing Specialist | 27,000 HKD |
Billing Supervisor | 37,400 HKD |
Bookkeeper | 16,100 HKD |
Bookkeeping Specialist | 23,700 HKD |
Budget Analyst | 41,800 HKD |
Budget Manager | 49,900 HKD |
Business Support Analyst | 26,900 HKD |
Capital Markets Associate | 35,600 HKD |
Cash Flow Analyst | 36,400 HKD |
Cash Management Manager | 47,600 HKD |
Cash Management Officer | 27,500 HKD |
Cashbook Clerk | 17,300 HKD |
Chartered Accountant | 30,500 HKD |
Chief Accountant | 36,700 HKD |
Chief Financial Technology Officer | 49,900 HKD |
Collections Clerk | 14,700 HKD |
Collections Representative | 21,300 HKD |
Collections Specialist | 24,000 HKD |
Corporate Controller | 40,800 HKD |
Corporate Treasurer | 45,100 HKD |
Cost Accountant | 25,400 HKD |
Cost Accounting Manager | 46,700 HKD |
Cost Accounting Supervisor | 38,900 HKD |
Cost Analyst | 37,300 HKD |
Credit and Collection Manager | 48,400 HKD |
Credit and Collection Staff | 19,400 HKD |
Credit and Loans Officer | 16,900 HKD |
Credit Controller | 32,500 HKD |
Credit Manager | 48,500 HKD |
Debt Adviser | 41,900 HKD |
Debt Collector | 20,300 HKD |
Debtors Clerk | 16,400 HKD |
Debtors Controller | 18,700 HKD |
Deputy CFO | 66,000 HKD |
Deputy Head of Finance | 65,600 HKD |
Derivative Trader | 40,700 HKD |
Director of Finance | 71,600 HKD |
E-commerce Accountant | 26,200 HKD |
Economist | 58,200 HKD |
Equity Analyst | 43,500 HKD |
Escrow Assistant | 22,900 HKD |
Executive Accountant | 27,400 HKD |
External Auditor | 34,500 HKD |
Finance Administrator | 28,100 HKD |
Finance Analyst | 42,200 HKD |
Finance Associate | 20,900 HKD |
Finance Data Analyst | 39,000 HKD |
Finance Director | 70,500 HKD |
Finance Executive | 52,300 HKD |
Finance Licensing Clerk | 18,100 HKD |
Finance Licensing Manager | 47,800 HKD |
Finance Licensing Specialist | 27,000 HKD |
Finance Manager | 66,800 HKD |
Finance Officer | 23,900 HKD |
Finance President | 74,500 HKD |
Finance Relationship Manager | 57,100 HKD |
Finance Release Analyst | 28,000 HKD |
Finance Specialist | 39,300 HKD |
Finance Team Leader | 52,100 HKD |
Financial Accountant | 25,100 HKD |
Financial Actuary | 35,900 HKD |
Financial Administrator | 42,100 HKD |
Financial Advisor | 43,000 HKD |
Financial Analyst | 44,700 HKD |
Financial Applications Specialist | 31,400 HKD |
Financial Assistant | 20,200 HKD |
Financial Associate | 19,900 HKD |
Financial Associate | 22,600 HKD |
Financial Claims Analyst | 32,200 HKD |
Financial Claims Manager | 42,500 HKD |
Financial Claims Supervisor | 39,300 HKD |
Financial Clerk | 18,900 HKD |
Financial Commercial Analyst | 33,800 HKD |
Financial Compliance Analyst | 40,300 HKD |
Financial Compliance Officer | 38,200 HKD |
Financial Consultant | 32,000 HKD |
Financial Controller | 39,700 HKD |
Financial Controller | 37,200 HKD |
Financial Coordinator | 22,400 HKD |
Financial Customer Service Manager | 46,900 HKD |
Financial Data Scientist | 44,700 HKD |
Financial Dealer and Broker | 26,900 HKD |
Financial Director | 75,200 HKD |
Financial Encoder | 21,300 HKD |
Financial Manager | 65,200 HKD |
Financial Manager | 70,600 HKD |
Financial Modelling Analyst | 43,000 HKD |
Financial Operations Manager | 65,300 HKD |
Financial Policy Analyst | 38,100 HKD |
Financial Project Manager | 48,400 HKD |
Financial Quantitative Analyst | 42,400 HKD |
Financial Reporting Consultant | 35,900 HKD |
Financial Reporting Manager | 46,900 HKD |
Financial Section Head | 44,800 HKD |
Financial Services Manager | 64,000 HKD |
Financial Services Sales Agent | 27,000 HKD |
Financial Technology Consultant | 37,600 HKD |
Financial Wellness Coach | 48,800 HKD |
FinTech Analyst | 40,900 HKD |
Fixed Assets Administrator | 26,700 HKD |
Forensic Accountant | 28,800 HKD |
Fraud Detection Supervisor | 31,500 HKD |
Fraud Prevention Manager | 52,000 HKD |
Fund Accountant | 24,300 HKD |
Grants Coordinator | 17,700 HKD |
Green Finance Analyst | 37,800 HKD |
Group Financial Manager | 66,800 HKD |
Internal Auditor | 32,800 HKD |
Internal Control Adviser | 40,200 HKD |
Internal Control Officer | 22,200 HKD |
International Tax Director | 61,100 HKD |
Inventory Accountant | 26,000 HKD |
Investment Advisor | 67,900 HKD |
Investment Analyst | 50,000 HKD |
Investment Associate | 39,400 HKD |
Investment Broker | 42,300 HKD |
Investment Fund Manager | 52,100 HKD |
Investment Operations Manager | 56,100 HKD |
Investment Underwriter | 19,800 HKD |
Investor | 31,800 HKD |
Investor Relations Manager | 49,400 HKD |
KYC Team Leader | 45,100 HKD |
Loan Processor | 20,500 HKD |
Management Accountant | 27,500 HKD |
Management Economist | 57,200 HKD |
Paymaster | 18,900 HKD |
Payroll Administrator | 32,700 HKD |
Payroll Benefits Coordinator | 28,300 HKD |
Payroll Billing Manager | 46,700 HKD |
Payroll Clerk | 21,600 HKD |
Payroll Manager | 45,100 HKD |
Payroll Officer | 22,200 HKD |
Payroll Specialist | 26,400 HKD |
Payroll Supervisor | 31,400 HKD |
Pensions Administrator | 26,000 HKD |
Personal Financial Advisor | 36,500 HKD |
Pricing Analyst | 40,900 HKD |
Private Equity Analyst | 42,200 HKD |
Project Accountant | 24,800 HKD |
Proposal Development Coordinator | 21,800 HKD |
Quantitative Trader | 36,400 HKD |
Receivables Accountant | 23,200 HKD |
Regulatory Accountant | 27,100 HKD |
Retirement Plan Analyst | 40,800 HKD |
Revenue Management Specialist | 42,300 HKD |
Revenue Recognition Analyst | 45,300 HKD |
Risk Management Director | 58,400 HKD |
Risk Management Supervisor | 47,900 HKD |
Staff Accountant | 22,400 HKD |
Tax Accountant | 23,100 HKD |
Tax Administrator | 26,000 HKD |
Tax Advisor | 36,600 HKD |
Tax Analyst | 36,500 HKD |
Tax Associate | 20,700 HKD |
Tax Consultant | 37,900 HKD |
Tax Director | 54,900 HKD |
Tax Examiner | 25,000 HKD |
Tax Manager | 49,300 HKD |
Tax Research Manager | 49,200 HKD |
Teller | 14,300 HKD |
Treasury Accountant | 25,600 HKD |
Treasury Analyst | 42,000 HKD |
Underwriter | 16,500 HKD |
Underwriting Assistant | 15,400 HKD |
Vice President of Finance | 70,100 HKD |
Accounting and Finance Jobs Pay Scale and Salaries in Hong Kong
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/median-and-salary-distribution-monthly-hong-kong-accounting-and-finance.jpg Salary Structure and Pay Scale Comparison
5% of people earn
37,800 HKD or more
10% of people earn
32,000 to 37,800 HKD
20% of people earn
19,300 HKD or less
65% of people earn
19,300 to 32,000 HKD
Minimum Salary 15,200 HKD |
Median 33,200 HKD |
Maximum 75,700 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 Accounting and Finance in Hong Kong range from 15,200 HKD (starting average salary) to 75,700 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 Accounting and Finance is 33,200 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 Accounting and Finance in Hong Kong earn less than 26,000 HKD, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 40,100 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 Accounting and Finance in Hong Kong. The analysis revealed that roughly 65% of all reported salaries fell within the range of 19,300 HKD to 32,000 HKD. Approximately 20% of salaries were below the 19,300 HKD mark, while 10% ranged from 32,000 HKD to 37,800 HKD. Only 5% of individuals earned a gross salary of 37,800 HKD or higher.
Salary Comparison by Years of Experience
How does a person's salary progress over time?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg 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 Accounting and Finance 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. ”
Salary Comparison By Education
How does the education level affect your salary?
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg 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 Accounting and Finance 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 / Accounting and Finance / Hong Kong
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/salary-comparison-by-gender-monthly-hong-kong-accounting-and-finance.jpg 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 Accounting and Finance in Hong Kong, the average difference between the salary of male and female employees is 7%.
Male | | 39,100 HKD |
Female | -6% | 36,600 HKD |
Percentage increase and decrease are relative to the previous value
Salary Comparison By Gender in Hong Kong for all Careers
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/salary-comparison-by-gender-monthly-hong-kong.jpg
Average Annual Salary Increment Percentage / Accounting and Finance / Hong Kong
How much are annual salary increments in Hong Kong for individuals working in Accounting and Finance? How often do employees get salary raises?
Professionals working in Accounting and Finance 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.
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/annual-salary-increment-rate-hong-kong-accounting-and-finance.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/annual-salary-increment-rate-hong-kong.jpg 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
Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg 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 / Accounting and Finance / Hong Kong
How much and how often are bonuses being awarded?Share This Chart Get Chart Linkhttp://www.salaryexplorer.com/charts/hong-kong/accounting-and-finance/annual-salary-bonus-rate-hong-kong-accounting-and-finance.jpg
44% of surveyed staff in Accounting and Finance 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 BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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 / Accounting and Finance / Hong Kong
220 HKD
per hour The average hourly wage (pay per hour) in Accounting and Finance in Hong Kong is 220 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 Accounting and Finance in Hong Kong is 88 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 Accounting and Finance in Hong Kong?
A good and competitive compensation would range anywhere between 33,200 HKD and 40,100 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 Accounting and Finance in Hong Kong ranges from 15,200 HKD to 26,000 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