Pharmacovigilance Analyst Average Salary in Hong Kong 2024
How much money does a person working as Pharmacovigilance Analyst make in Hong Kong?
LOW
27,600
HKD AVERAGE
53,200
HKD HIGH
81,300
HKD
A person working as Pharmacovigilance Analyst in Hong Kong typically earns around 53,200 HKD. Salaries range from 27,600 HKD (lowest) to 81,300 HKD (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Pharmacovigilance Analyst 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.
Pharmacovigilance Analyst Pay Scale and Salaries in Hong Kong
Salary Structure and Pay Scale Comparison
48,100 HKD or more
42,900 to 48,100 HKD
31,300 HKD or less
31,300 to 42,900 HKD
 27,600 HKD |
48,300 HKD |
81,300 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 Pharmacovigilance Analyst in Hong Kong range from 27,600 HKD (starting salary) to 81,300 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 48,300 HKD, half of the professionals who work as Pharmacovigilance Analyst 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 Pharmacovigilance Analyst in Hong Kong earn less than 40,100 HKD, while 75% earn more. Similarly, the chart shows that 75% earn less than 54,800 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 Pharmacovigilance Analyst in Hong Kong compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 31,300 HKD to 42,900 HKD. About 20% of salaries are below the 31,300 HKD mark, while 10% fall within the range of 42,900 HKD to 48,100 HKD. Only 5% of individuals have salaries exceeding 48,100 HKD.
Salary Comparison by Years of Experience / Pharmacovigilance Analyst / Hong Kong
How do experience and age affect pay?
| 0 - 2 Years | 31,400 HKD | |
| 2 - 5 Years | +34% | 42,100 HKD |
| 5 - 10 Years | +30% | 54,700 HKD |
| 10 - 15 Years | +21% | 66,300 HKD |
| 15 - 20 Years | +9% | 72,500 HKD |
| 20+ Years | +5% | 76,200 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 Pharmacovigilance Analyst and this is what we found.
Employees with less than two years of experience earn approximately 31,400 HKD.
While someone with an experience level between two and five years is expected to earn 42,100 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 54,700 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 66,300 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 72,500 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 76,200 HKD, 5% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Pharmacovigilance Analyst / Hong Kong
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Pharmacovigilance Analyst.
| Certificate or Diploma | 37,800 HKD | |
| Bachelor's Degree | +18% | 44,800 HKD |
| Master's Degree | +29% | 57,700 HKD |
| PhD | +28% | 73,800 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 Pharmacovigilance Analyst in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 37,800 HKD.
Level 2: Bachelor's Degree
At this level, the average salary becomes 44,800 HKD, 18% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 57,700 HKD, 29% more than the previous level.
Level 4: PhD
At this level, the average salary becomes 73,800 HKD, 28% 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 / Pharmacovigilance Analyst / 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 Pharmacovigilance Analyst in Hong Kong, the average difference between the salary of male and female employees is 8%.
| Male | 55,600 HKD | |
| Female | -7% | 51,400 HKD |
Salary Comparison By Gender in Hong Kong for all Careers
Average Annual Salary Increment Percentage / Pharmacovigilance Analyst / Hong Kong
How much are annual salary increments in Hong Kong for individuals working as Pharmacovigilance Analyst? How often do employees get salary raises?
Individuals working as Pharmacovigilance Analyst in Hong Kong are likely to observe a salary increase of approximately 7% every 30 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 / Pharmacovigilance Analyst / Hong Kong
How much and how often are bonuses being awarded?
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89% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 11% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
| Received Bonus | 11% | |
| No Bonus | 89% |
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 / Pharmacovigilance Analyst / Hong Kong
310 HKD per hourThe average hourly wage (pay per hour) for individuals working as Pharmacovigilance Analyst in Hong Kong is 310 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 Pharmacovigilance Analyst 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 |
| Pharmaceutical and Biotechnology |  -100% | |
| Assistant Pharmacist | 29,700 HKD | -44% |
| Assistant Pharmacy Director | 55,000 HKD |  +3% |
| Associate Medical Affairs Director | 74,000 HKD | +39% |
| Bioethics Specialist | 40,900 HKD | -23% |
| Biofabrication Specialist | 41,800 HKD | -21% |
| Bioinformatics Scientist | 70,800 HKD | +33% |
| Bioinformatics Technician | 32,600 HKD | -39% |
| Biological Scientist | 75,900 HKD | +43% |
| Biological Technician | 32,400 HKD | -39% |
| Biomanufacturing Technician | 35,500 HKD | -33% |
| Biomarker Scientist | 48,000 HKD | -10% |
| Biomedical Electronics Technician | 27,700 HKD | -48% |
| Biomedical Engineer | 29,600 HKD | -44% |
| Biomedical Engineering Director | 57,300 HKD | +8% |
| Bioprocess Engineer | 33,300 HKD | -37% |
| Biostatistician | 46,200 HKD | -13% |
| Biotechnologist | 45,400 HKD | -15% |
| Biotechnology Lead Data Manager | 36,400 HKD | -32% |
| Cell Therapy Scientist | 59,800 HKD | +13% |
| Chemical Process Technician | 31,500 HKD | -41% |
| Clinical Consultant | 44,800 HKD | -16% |
| Clinical Data Manager | 44,800 HKD | -16% |
| Clinical Data Specialist | 41,000 HKD | -23% |
| Clinical Informatics Specialist | 35,600 HKD | -33% |
| Clinical Operations Manager | 65,100 HKD | +22% |
| Clinical Pharmacist | 43,700 HKD | -18% |
| Clinical Pharmacy Specialist | 54,300 HKD | +2% |
| Clinical Programmer | 23,300 HKD | -56% |
| Clinical Project Manager | 41,000 HKD | -23% |
| Clinical Research Associate | 38,700 HKD | -27% |
| Clinical Research Manager | 62,600 HKD | +18% |
| Clinical Study Manager | 55,400 HKD | +4% |
| Clinical Trials Compliance Officer | 75,100 HKD | +41% |
| Compliance Specialist | 47,200 HKD | -11% |
| Computational Chemist | 59,400 HKD | +12% |
| Cytology Laboratory Technologist | 37,700 HKD | -29% |
| Cytotechnologist | 37,600 HKD | -29% |
| Digital Biomarker Developer | 45,700 HKD | -14% |
| Digital Health Specialist | 39,400 HKD | -26% |
| Drug Safety Specialist | 51,100 HKD | -4% |
| GCP Auditor | 37,300 HKD | -30% |
| Gene Editing Compliance Officer | 54,700 HKD | +3% |
| Gene Editing Specialist | 43,900 HKD | -17% |
| Gene Therapy Researcher | 46,300 HKD | -13% |
| Hospital Pharmacy Technician | 34,700 HKD | -35% |
| Manufacturing Engineer | 36,800 HKD | -31% |
| Medical 3D Printing Specialist | 36,100 HKD | -32% |
| Medical Affairs Director | 72,700 HKD | +37% |
| Medical Device Compliance Specialist | 43,200 HKD | -19% |
| Medical Device Data Analyst | 41,000 HKD | -23% |
| Medical Device Designer | 39,800 HKD | -25% |
| Medical Representative | 31,000 HKD | -42% |
| Medical Science Liaison | 52,300 HKD | -2% |
| Medical Technology Writer | 31,900 HKD | -40% |
| Molecular and Cellular Biologist | 71,800 HKD | +35% |
| Nuclear Pharmacist | 45,100 HKD | -15% |
| Pharmaceutical Compliance Auditor | 67,100 HKD | +26% |
| Pharmaceutical Manager | 77,100 HKD | +45% |
| Pharmaceutical Manufacturing Lead | 83,100 HKD | +56% |
| Pharmaceutical Operations Excellence Manager | 69,300 HKD | +30% |
| Pharmaceutical Process Engineer | 39,300 HKD | -26% |
| Pharmaceutical Production Assistant Manager | 50,700 HKD | -5% |
| Pharmaceutical Project Manager | 45,100 HKD | -15% |
| Pharmaceutical Quality Auditor | 50,200 HKD | -6% |
| Pharmaceutical Regulatory Affairs Assistant | 37,200 HKD | -30% |
| Pharmaceutical Regulatory Affairs Manager | 50,700 HKD | -5% |
| Pharmaceutical Regulatory Affairs Specialist | 41,200 HKD | -22% |
| Pharmaceutical Representative | 30,600 HKD | -42% |
| Pharmaceutical Research Associate | 45,400 HKD | -15% |
| Pharmaceutical Research Scientist | 63,700 HKD | +20% |
| Pharmaceutical Researcher | 62,700 HKD | +18% |
| Pharmaceutical Sales and Marketing Manager | 53,800 HKD | +1% |
| Pharmaceutical Sales Manager | 66,900 HKD | +26% |
| Pharmaceutical Sales Representative | 29,000 HKD | -45% |
| Pharmaceutical Supply Chain Manager | 71,700 HKD | +35% |
| Pharmaceutical Team Leader | 51,600 HKD | -3% |
| Pharmaceutical Technologist | 34,400 HKD | -35% |
| Pharmacist | 42,900 HKD | -19% |
| Pharmacogenomics Expert | 54,400 HKD | +2% |
| Pharmacovigilance Analyst | 53,200 HKD | +0% |
| Pharmacy Aide | 29,300 HKD | -45% |
| Pharmacy Manager | 60,400 HKD | +14% |
| Pharmacy Stock Controller | 26,600 HKD | -50% |
| Pharmacy Technician | 26,100 HKD | -51% |
| Precision Medicine Compliance Analyst | 49,500 HKD | -7% |
| Precision Medicine Specialist | 46,300 HKD | -13% |
| Records Management Coordinator | 23,900 HKD | -55% |
| Shift Encapsulator | 28,200 HKD | -47% |
| Staff Pharmacist | 45,200 HKD | -15% |
| Synthetic Biologist | 52,600 HKD | -1% |
| Telepharmacy Technician | 26,600 HKD | -50% |
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 Pharmacovigilance Analyst in Hong Kong?
A good and competitive compensation would range anywhere between 48,300 HKD and 54,800 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 Pharmacovigilance Analyst in Hong Kong ranges from 27,600 HKD to 40,100 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
