Accounting Head Average Salary in Hong Kong 2024
How much money does a person working as Accounting Head make in Hong Kong?
LOW
26,900
HKD AVERAGE
51,800
HKD HIGH
79,300
HKD
A person working as Accounting Head in Hong Kong typically earns around 51,800 HKD. Salaries range from 26,900 HKD (lowest) to 79,300 HKD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Accounting Head salaries in Hong Kong vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accounting Head Pay Scale and Salaries in Hong Kong
Salary Structure and Pay Scale Comparison
46,900 HKD or more
41,800 to 46,900 HKD
30,500 HKD or less
30,500 to 41,800 HKD
 26,900 HKD |
47,100 HKD |
79,300 HKD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Accounting Head in Hong Kong range from 26,900 HKD (starting salary) to 79,300 HKD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 47,100 HKD, half of the professionals who work as Accounting Head in Hong Kong earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Accounting Head in Hong Kong earn less than 39,100 HKD, while 75% earn more. Similarly, the chart shows that 75% earn less than 53,500 HKD while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Accounting Head in Hong Kong compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 30,500 HKD to 41,800 HKD. About 20% of salaries are below the 30,500 HKD mark, while 10% fall within the range of 41,800 HKD to 46,900 HKD. Only 5% of individuals have salaries exceeding 46,900 HKD.
Salary Comparison by Years of Experience / Accounting Head / Hong Kong
How do experience and age affect pay?
| 0 - 2 Years | 30,600 HKD | |
| 2 - 5 Years | +34% | 41,100 HKD |
| 5 - 10 Years | +30% | 53,400 HKD |
| 10 - 15 Years | +21% | 64,600 HKD |
| 15 - 20 Years | +9% | 70,700 HKD |
| 20+ Years | +5% | 74,300 HKD |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Accounting Head and this is what we found.
Employees with less than two years of experience earn approximately 30,600 HKD.
While someone with an experience level between two and five years is expected to earn 41,100 HKD, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 53,400 HKD, 30% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 64,600 HKD, 21% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 70,700 HKD, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 74,300 HKD, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Accounting Head / Hong Kong
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Accounting Head.
| High School | 36,900 HKD | |
| Certificate or Diploma | +14% | 42,100 HKD |
| Bachelor's Degree | +41% | 59,400 HKD |
| Master's Degree | +21% | 72,000 HKD |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Accounting Head in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 36,900 HKD.
Level 2: Certificate or Diploma
At this level, the average salary becomes 42,100 HKD, 14% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 59,400 HKD, 41% more than the previous level.
Level 4: Master's Degree
At this level, the average salary becomes 72,000 HKD, 21% more than the previous level.
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.
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 to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Accounting Head / Hong Kong
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Accounting Head in Hong Kong, the average difference between the salary of male and female employees is 8%.
| Male | 54,200 HKD | |
| Female | -7% | 50,100 HKD |
Salary Comparison By Gender in Hong Kong for all Careers
Average Annual Salary Increment Percentage / Accounting Head / Hong Kong
How much are annual salary increments in Hong Kong for individuals working as Accounting Head? How often do employees get salary raises?
Individuals working as Accounting Head in Hong Kong are likely to observe a salary increase of approximately 8% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Hong Kong / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 Head / Hong Kong
How much and how often are bonuses being awarded?
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39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.
| Received Bonus | 61% | |
| No Bonus | 39% |
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: | Example: |
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.
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.
Average Hourly Wage / Accounting Head / Hong Kong
300 HKD per hourThe average hourly wage (pay per hour) for individuals working as Accounting Head in Hong Kong is 300 HKD.This is the rate they get paid for every worked hour.
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 as Accounting Head in Hong Kong is 160 HKD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Accounting and Finance |  -100% | |
| Account Examiner | 17,400 HKD | -66% |
| Account Executive | 32,700 HKD | -37% |
| Accountant | 22,900 HKD | -56% |
| Accounting Analyst | 31,000 HKD | -40% |
| Accounting Assistant | 17,800 HKD | -66% |
| Accounting Associate | 17,200 HKD | -67% |
| Accounting Clerk | 14,800 HKD | -71% |
| Accounting Coordinator | 20,800 HKD | -60% |
| Accounting Head | 51,800 HKD | -0% |
| Accounting Manager | 54,400 HKD |  +5% |
| Accounting Officer | 18,700 HKD | -64% |
| Accounting Specialist | 34,000 HKD | -34% |
| Accounting Supervisor | 32,700 HKD | -37% |
| Accounting Technician | 17,400 HKD | -66% |
| Accounting Unit Controller | 42,100 HKD | -19% |
| Accounts Executive | 29,900 HKD | -42% |
| Accounts Officer | 19,600 HKD | -62% |
| Accounts Payable and Receivable Specialist | 26,000 HKD | -50% |
| Accounts Payable Assistant | 19,400 HKD | -63% |
| Accounts Payable Associate | 21,700 HKD | -58% |
| Accounts Payable Clerk | 19,000 HKD | -63% |
| Accounts Payable Manager | 50,300 HKD | -3% |
| Accounts Receivable Administrator | 36,300 HKD | -30% |
| Accounts Receivable Clerk | 18,900 HKD | -64% |
| Accounts Receivable Financial Analyst | 35,700 HKD | -31% |
| Accounts Receivable Manager | 49,200 HKD | -5% |
| Accounts Receivable Team Leader | 35,400 HKD | -32% |
| Algorithmic Trading Specialist | 44,900 HKD | -13% |
| Assistant Accountant | 18,600 HKD | -64% |
| Assistant Accounting Manager | 46,900 HKD | -9% |
| Assistant Auditor | 23,900 HKD | -54% |
| Assistant Corporate Controller | 33,000 HKD | -36% |
| Assistant Finance Manager | 50,000 HKD | -4% |
| Assistant Financial Controller | 33,100 HKD | -36% |
| Audit Director | 54,600 HKD | +5% |
| Audit Supervisor | 45,600 HKD | -12% |
| Auditing Clerk | 19,600 HKD | -62% |
| Auditing Manager | 51,400 HKD | -1% |
| Billing Clerk | 19,000 HKD | -63% |
| Billing Coordinator | 22,600 HKD | -56% |
| Billing Specialist | 27,000 HKD | -48% |
| Billing Supervisor | 37,400 HKD | -28% |
| Bookkeeper | 16,100 HKD | -69% |
| Bookkeeping Specialist | 23,700 HKD | -54% |
| Budget Analyst | 41,800 HKD | -19% |
| Budget Manager | 49,900 HKD | -4% |
| Business Support Analyst | 26,900 HKD | -48% |
| Capital Markets Associate | 35,600 HKD | -31% |
| Cash Flow Analyst | 36,400 HKD | -30% |
| Cash Management Manager | 47,600 HKD | -8% |
| Cash Management Officer | 27,500 HKD | -47% |
| Cashbook Clerk | 17,300 HKD | -67% |
| Chartered Accountant | 30,500 HKD | -41% |
| Chief Accountant | 36,700 HKD | -29% |
| Chief Financial Technology Officer | 49,900 HKD | -4% |
| Collections Clerk | 14,700 HKD | -72% |
| Collections Representative | 21,300 HKD | -59% |
| Collections Specialist | 24,000 HKD | -54% |
| Corporate Controller | 40,800 HKD | -21% |
| Corporate Treasurer | 45,100 HKD | -13% |
| Cost Accountant | 25,400 HKD | -51% |
| Cost Accounting Manager | 46,700 HKD | -10% |
| Cost Accounting Supervisor | 38,900 HKD | -25% |
| Cost Analyst | 37,300 HKD | -28% |
| Credit and Collection Manager | 48,400 HKD | -7% |
| Credit and Collection Staff | 19,400 HKD | -63% |
| Credit and Loans Officer | 16,900 HKD | -67% |
| Credit Controller | 32,500 HKD | -37% |
| Credit Manager | 48,500 HKD | -6% |
| Debt Adviser | 41,900 HKD | -19% |
| Debt Collector | 20,300 HKD | -61% |
| Debtors Clerk | 16,400 HKD | -68% |
| Debtors Controller | 18,700 HKD | -64% |
| Deputy CFO | 66,000 HKD | +27% |
| Deputy Head of Finance | 65,600 HKD | +27% |
| Derivative Trader | 40,700 HKD | -21% |
| Director of Finance | 71,600 HKD | +38% |
| E-commerce Accountant | 26,200 HKD | -49% |
| Economist | 58,200 HKD | +12% |
| Equity Analyst | 43,500 HKD | -16% |
| Escrow Assistant | 22,900 HKD | -56% |
| Executive Accountant | 27,400 HKD | -47% |
| External Auditor | 34,500 HKD | -33% |
| Finance Administrator | 28,100 HKD | -46% |
| Finance Analyst | 42,200 HKD | -19% |
| Finance Associate | 20,900 HKD | -60% |
| Finance Data Analyst | 39,000 HKD | -25% |
| Finance Director | 70,500 HKD | +36% |
| Finance Executive | 52,300 HKD | +1% |
| Finance Licensing Clerk | 18,100 HKD | -65% |
| Finance Licensing Manager | 47,800 HKD | -8% |
| Finance Licensing Specialist | 27,000 HKD | -48% |
| Finance Manager | 66,800 HKD | +29% |
| Finance Officer | 23,900 HKD | -54% |
| Finance President | 74,500 HKD | +44% |
| Finance Relationship Manager | 57,100 HKD | +10% |
| Finance Release Analyst | 28,000 HKD | -46% |
| Finance Specialist | 39,300 HKD | -24% |
| Finance Team Leader | 52,100 HKD | +1% |
| Financial Accountant | 25,100 HKD | -52% |
| Financial Actuary | 35,900 HKD | -31% |
| Financial Administrator | 42,100 HKD | -19% |
| Financial Advisor | 43,000 HKD | -17% |
| Financial Analyst | 44,700 HKD | -14% |
| Financial Applications Specialist | 31,400 HKD | -39% |
| Financial Assistant | 20,200 HKD | -61% |
| Financial Associate | 22,600 HKD | -56% |
| Financial Claims Analyst | 32,200 HKD | -38% |
| Financial Claims Manager | 42,500 HKD | -18% |
| Financial Claims Supervisor | 39,300 HKD | -24% |
| Financial Clerk | 18,900 HKD | -64% |
| Financial Commercial Analyst | 33,800 HKD | -35% |
| Financial Compliance Analyst | 40,300 HKD | -22% |
| Financial Compliance Officer | 38,200 HKD | -26% |
| Financial Consultant | 32,000 HKD | -38% |
| Financial Controller | 37,200 HKD | -28% |
| Financial Coordinator | 22,400 HKD | -57% |
| Financial Customer Service Manager | 46,900 HKD | -9% |
| Financial Data Scientist | 44,700 HKD | -14% |
| Financial Dealer and Broker | 26,900 HKD | -48% |
| Financial Director | 75,200 HKD | +45% |
| Financial Encoder | 21,300 HKD | -59% |
| Financial Manager | 70,600 HKD | +36% |
| Financial Modelling Analyst | 43,000 HKD | -17% |
| Financial Operations Manager | 65,300 HKD | +26% |
| Financial Policy Analyst | 38,100 HKD | -26% |
| Financial Project Manager | 48,400 HKD | -7% |
| Financial Quantitative Analyst | 42,400 HKD | -18% |
| Financial Reporting Consultant | 35,900 HKD | -31% |
| Financial Reporting Manager | 46,900 HKD | -9% |
| Financial Section Head | 44,800 HKD | -14% |
| Financial Services Manager | 64,000 HKD | +24% |
| Financial Services Sales Agent | 27,000 HKD | -48% |
| Financial Technology Consultant | 37,600 HKD | -27% |
| Financial Wellness Coach | 48,800 HKD | -6% |
| FinTech Analyst | 40,900 HKD | -21% |
| Fixed Assets Administrator | 26,700 HKD | -48% |
| Forensic Accountant | 28,800 HKD | -44% |
| Fraud Detection Supervisor | 31,500 HKD | -39% |
| Fraud Prevention Manager | 52,000 HKD | +0% |
| Fund Accountant | 24,300 HKD | -53% |
| Grants Coordinator | 17,700 HKD | -66% |
| Green Finance Analyst | 37,800 HKD | -27% |
| Group Financial Manager | 66,800 HKD | +29% |
| Internal Auditor | 32,800 HKD | -37% |
| Internal Control Adviser | 40,200 HKD | -22% |
| Internal Control Officer | 22,200 HKD | -57% |
| International Tax Director | 61,100 HKD | +18% |
| Inventory Accountant | 26,000 HKD | -50% |
| Investment Advisor | 67,900 HKD | +31% |
| Investment Analyst | 50,000 HKD | -4% |
| Investment Associate | 39,400 HKD | -24% |
| Investment Broker | 42,300 HKD | -18% |
| Investment Fund Manager | 52,100 HKD | +1% |
| Investment Operations Manager | 56,100 HKD | +8% |
| Investment Underwriter | 19,800 HKD | -62% |
| Investor | 31,800 HKD | -39% |
| Investor Relations Manager | 49,400 HKD | -5% |
| KYC Team Leader | 45,100 HKD | -13% |
| Loan Processor | 20,500 HKD | -60% |
| Management Accountant | 27,500 HKD | -47% |
| Management Economist | 57,200 HKD | +10% |
| Paymaster | 18,900 HKD | -64% |
| Payroll Administrator | 32,700 HKD | -37% |
| Payroll Benefits Coordinator | 28,300 HKD | -45% |
| Payroll Billing Manager | 46,700 HKD | -10% |
| Payroll Clerk | 21,600 HKD | -58% |
| Payroll Manager | 45,100 HKD | -13% |
| Payroll Officer | 22,200 HKD | -57% |
| Payroll Specialist | 26,400 HKD | -49% |
| Payroll Supervisor | 31,400 HKD | -39% |
| Pensions Administrator | 26,000 HKD | -50% |
| Personal Financial Advisor | 36,500 HKD | -30% |
| Pricing Analyst | 40,900 HKD | -21% |
| Private Equity Analyst | 42,200 HKD | -19% |
| Project Accountant | 24,800 HKD | -52% |
| Proposal Development Coordinator | 21,800 HKD | -58% |
| Quantitative Trader | 36,400 HKD | -30% |
| Receivables Accountant | 23,200 HKD | -55% |
| Regulatory Accountant | 27,100 HKD | -48% |
| Retirement Plan Analyst | 40,800 HKD | -21% |
| Revenue Management Specialist | 42,300 HKD | -18% |
| Revenue Recognition Analyst | 45,300 HKD | -13% |
| Risk Management Director | 58,400 HKD | +13% |
| Risk Management Supervisor | 47,900 HKD | -8% |
| Staff Accountant | 22,400 HKD | -57% |
| Tax Accountant | 23,100 HKD | -55% |
| Tax Administrator | 26,000 HKD | -50% |
| Tax Advisor | 36,600 HKD | -29% |
| Tax Analyst | 36,500 HKD | -30% |
| Tax Associate | 20,700 HKD | -60% |
| Tax Consultant | 37,900 HKD | -27% |
| Tax Director | 54,900 HKD | +6% |
| Tax Examiner | 25,000 HKD | -52% |
| Tax Manager | 49,300 HKD | -5% |
| Tax Research Manager | 49,200 HKD | -5% |
| Teller | 14,300 HKD | -72% |
| Treasury Accountant | 25,600 HKD | -51% |
| Treasury Analyst | 42,000 HKD | -19% |
| Underwriter | 16,500 HKD | -68% |
| Underwriting Assistant | 15,400 HKD | -70% |
| Vice President of Finance | 70,100 HKD | +35% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Accounting Head in Hong Kong?
A good and competitive compensation would range anywhere between 47,100 HKD and 53,500 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 a careers like Accounting Head in Hong Kong ranges from 26,900 HKD to 39,100 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
