Financial Manager Average Salary in Shanghai 2024
How much money does a person working as Financial Manager make in Shanghai?
LOW
33,400
CNY AVERAGE
63,100
CNY HIGH
95,800
CNY
A person working as Financial Manager in Shanghai typically earns around 63,100 CNY. Salaries range from 33,400 CNY (lowest) to 95,800 CNY (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Financial Manager salaries in Shanghai vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager Pay Scale and Salaries in Shanghai
Salary Structure and Pay Scale Comparison
56,600 CNY or more
50,600 to 56,600 CNY
37,300 CNY or less
37,300 to 50,600 CNY
 33,400 CNY |
56,900 CNY |
95,800 CNY |
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 Financial Manager in Shanghai range from 33,400 CNY (starting salary) to 95,800 CNY (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 56,900 CNY, half of the professionals who work as Financial Manager in Shanghai 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 Financial Manager in Shanghai earn less than 47,400 CNY, while 75% earn more. Similarly, the chart shows that 75% earn less than 64,300 CNY 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 Financial Manager in Shanghai compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 37,300 CNY to 50,600 CNY. About 20% of salaries are below the 37,300 CNY mark, while 10% fall within the range of 50,600 CNY to 56,600 CNY. Only 5% of individuals have salaries exceeding 56,600 CNY.
Salary Comparison by Years of Experience / Financial Manager / Shanghai
How do experience and age affect pay?
| 0 - 2 Years | 38,400 CNY | |
| 2 - 5 Years | +23% | 47,200 CNY |
| 5 - 10 Years | +42% | 66,800 CNY |
| 10 - 15 Years | +17% | 78,100 CNY |
| 15 - 20 Years | +10% | 85,900 CNY |
| 20+ Years | +6% | 90,900 CNY |
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 Financial Manager and this is what we found.
Employees with less than two years of experience earn approximately 38,400 CNY.
While someone with an experience level between two and five years is expected to earn 47,200 CNY, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 66,800 CNY, 42% 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 78,100 CNY, 17% 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 85,900 CNY, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 90,900 CNY, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Financial Manager / Shanghai
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Financial Manager.
| Certificate or Diploma | 47,200 CNY | |
| Bachelor's Degree | +29% | 60,900 CNY |
| Master's Degree | +43% | 87,100 CNY |
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 Financial Manager in order to make a comparison.
Level 1: Certificate or Diploma
Employees at this education level have an average salary of 47,200 CNY.
Level 2: Bachelor's Degree
At this level, the average salary becomes 60,900 CNY, 29% more than the previous level.
Level 3: Master's Degree
At this level, the average salary becomes 87,100 CNY, 43% 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 China costs anywhere from 147,000 CNY to 441,000 CNY 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 / Financial Manager / Shanghai
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 Financial Manager in China, the average difference between the salary of male and female employees is 7%.
| Male | 57,100 CNY | |
| Female | -7% | 53,300 CNY |
Salary Comparison By Gender in China for all Careers
Average Annual Salary Increment Percentage / Financial Manager / Shanghai
How much are annual salary increments in Shanghai for individuals working as Financial Manager? How often do employees get salary raises?
Individuals working as Financial Manager in China are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.
China / 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 / Financial Manager / China
How much and how often are bonuses being awarded?
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100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
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 / Financial Manager / Shanghai
360 CNY per hourThe average hourly wage (pay per hour) for individuals working as Financial Manager in Shanghai is 360 CNY.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 Financial Manager in Shanghai is 190 CNY. 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 | 17,600 CNY | -72% |
| Account Executive | 29,300 CNY | -54% |
| Accountant | 23,800 CNY | -62% |
| Accounting Analyst | 27,700 CNY | -56% |
| Accounting Assistant | 18,700 CNY | -70% |
| Accounting Associate | 16,900 CNY | -73% |
| Accounting Clerk | 14,100 CNY | -78% |
| Accounting Coordinator | 21,100 CNY | -67% |
| Accounting Head | 46,300 CNY | -27% |
| Accounting Manager | 47,200 CNY | -25% |
| Accounting Officer | 16,800 CNY | -73% |
| Accounting Specialist | 30,700 CNY | -51% |
| Accounting Supervisor | 32,400 CNY | -49% |
| Accounting Technician | 17,000 CNY | -73% |
| Accounting Unit Controller | 37,800 CNY | -40% |
| Accounts Executive | 30,100 CNY | -52% |
| Accounts Officer | 17,800 CNY | -72% |
| Accounts Payable and Receivable Specialist | 23,500 CNY | -63% |
| Accounts Payable Assistant | 19,400 CNY | -69% |
| Accounts Payable Associate | 21,400 CNY | -66% |
| Accounts Payable Clerk | 16,500 CNY | -74% |
| Accounts Payable Manager | 44,100 CNY | -30% |
| Accounts Receivable Administrator | 34,500 CNY | -45% |
| Accounts Receivable Clerk | 16,600 CNY | -74% |
| Accounts Receivable Financial Analyst | 31,300 CNY | -50% |
| Accounts Receivable Manager | 43,500 CNY | -31% |
| Accounts Receivable Team Leader | 32,800 CNY | -48% |
| Algorithmic Trading Specialist | 40,700 CNY | -35% |
| Assistant Accountant | 17,100 CNY | -73% |
| Assistant Accounting Manager | 45,100 CNY | -28% |
| Assistant Auditor | 22,500 CNY | -64% |
| Assistant Corporate Controller | 31,300 CNY | -50% |
| Assistant Finance Manager | 48,400 CNY | -23% |
| Assistant Financial Controller | 31,300 CNY | -50% |
| Audit Director | 51,800 CNY | -18% |
| Audit Supervisor | 41,300 CNY | -35% |
| Auditing Clerk | 17,800 CNY | -72% |
| Auditing Manager | 47,500 CNY | -25% |
| Billing Clerk | 18,000 CNY | -71% |
| Billing Coordinator | 21,500 CNY | -66% |
| Billing Specialist | 25,400 CNY | -60% |
| Billing Supervisor | 35,100 CNY | -44% |
| Bookkeeper | 15,100 CNY | -76% |
| Bookkeeping Specialist | 23,200 CNY | -63% |
| Budget Analyst | 39,700 CNY | -37% |
| Budget Manager | 47,600 CNY | -25% |
| Business Support Analyst | 25,400 CNY | -60% |
| Capital Markets Associate | 34,300 CNY | -46% |
| Cash Flow Analyst | 34,900 CNY | -45% |
| Cash Management Manager | 45,800 CNY | -27% |
| Cash Management Officer | 26,700 CNY | -58% |
| Cashbook Clerk | 16,200 CNY | -74% |
| Chartered Accountant | 29,700 CNY | -53% |
| Chief Accountant | 33,900 CNY | -46% |
| Chief Financial Technology Officer | 50,000 CNY | -21% |
| Collections Clerk | 14,900 CNY | -76% |
| Collections Representative | 20,000 CNY | -68% |
| Collections Specialist | 24,000 CNY | -62% |
| Corporate Controller | 37,900 CNY | -40% |
| Corporate Treasurer | 45,000 CNY | -29% |
| Cost Accountant | 24,200 CNY | -62% |
| Cost Accounting Manager | 46,800 CNY | -26% |
| Cost Accounting Supervisor | 36,200 CNY | -43% |
| Cost Analyst | 37,600 CNY | -40% |
| Credit and Collection Manager | 46,100 CNY | -27% |
| Credit and Collection Staff | 17,100 CNY | -73% |
| Credit and Loans Officer | 17,100 CNY | -73% |
| Credit Controller | 31,400 CNY | -50% |
| Credit Manager | 49,300 CNY | -22% |
| Debt Adviser | 37,200 CNY | -41% |
| Debt Collector | 18,200 CNY | -71% |
| Debtors Clerk | 15,600 CNY | -75% |
| Debtors Controller | 16,800 CNY | -73% |
| Deputy CFO | 63,500 CNY |  +1% |
| Deputy Head of Finance | 63,800 CNY | +1% |
| Derivative Trader | 40,400 CNY | -36% |
| Director of Finance | 65,800 CNY | +4% |
| E-commerce Accountant | 24,200 CNY | -62% |
| Economist | 53,000 CNY | -16% |
| Equity Analyst | 40,600 CNY | -36% |
| Escrow Assistant | 21,200 CNY | -66% |
| Executive Accountant | 25,100 CNY | -60% |
| External Auditor | 32,100 CNY | -49% |
| Finance Administrator | 26,200 CNY | -58% |
| Finance Analyst | 41,300 CNY | -35% |
| Finance Associate | 19,600 CNY | -69% |
| Finance Data Analyst | 36,100 CNY | -43% |
| Finance Director | 66,500 CNY | +5% |
| Finance Executive | 48,600 CNY | -23% |
| Finance Licensing Clerk | 17,400 CNY | -72% |
| Finance Licensing Manager | 46,200 CNY | -27% |
| Finance Licensing Specialist | 26,200 CNY | -58% |
| Finance Manager | 63,300 CNY | +0% |
| Finance Officer | 23,100 CNY | -63% |
| Finance President | 68,600 CNY | +9% |
| Finance Relationship Manager | 54,700 CNY | -13% |
| Finance Release Analyst | 26,400 CNY | -58% |
| Finance Specialist | 37,500 CNY | -41% |
| Finance Team Leader | 52,800 CNY | -16% |
| Financial Accountant | 22,500 CNY | -64% |
| Financial Actuary | 34,900 CNY | -45% |
| Financial Administrator | 38,300 CNY | -39% |
| Financial Advisor | 41,200 CNY | -35% |
| Financial Analyst | 41,100 CNY | -35% |
| Financial Applications Specialist | 28,300 CNY | -55% |
| Financial Assistant | 18,300 CNY | -71% |
| Financial Associate | 21,700 CNY | -66% |
| Financial Claims Analyst | 31,500 CNY | -50% |
| Financial Claims Manager | 41,700 CNY | -34% |
| Financial Claims Supervisor | 38,800 CNY | -38% |
| Financial Clerk | 18,600 CNY | -71% |
| Financial Commercial Analyst | 35,200 CNY | -44% |
| Financial Compliance Analyst | 36,500 CNY | -42% |
| Financial Compliance Officer | 35,400 CNY | -44% |
| Financial Consultant | 31,200 CNY | -51% |
| Financial Controller | 36,100 CNY | -43% |
| Financial Coordinator | 20,400 CNY | -68% |
| Financial Customer Service Manager | 43,400 CNY | -31% |
| Financial Data Scientist | 41,700 CNY | -34% |
| Financial Dealer and Broker | 24,600 CNY | -61% |
| Financial Director | 68,200 CNY | +8% |
| Financial Encoder | 19,100 CNY | -70% |
| Financial Manager | 63,100 CNY | +0% |
| Financial Modelling Analyst | 40,400 CNY | -36% |
| Financial Operations Manager | 58,600 CNY | -7% |
| Financial Policy Analyst | 37,900 CNY | -40% |
| Financial Project Manager | 48,500 CNY | -23% |
| Financial Quantitative Analyst | 42,000 CNY | -33% |
| Financial Reporting Consultant | 33,900 CNY | -46% |
| Financial Reporting Manager | 46,700 CNY | -26% |
| Financial Section Head | 43,600 CNY | -31% |
| Financial Services Manager | 57,400 CNY | -9% |
| Financial Services Sales Agent | 24,500 CNY | -61% |
| Financial Technology Consultant | 35,400 CNY | -44% |
| Financial Wellness Coach | 46,300 CNY | -27% |
| FinTech Analyst | 38,900 CNY | -38% |
| Fixed Assets Administrator | 23,900 CNY | -62% |
| Forensic Accountant | 27,600 CNY | -56% |
| Fraud Detection Supervisor | 29,300 CNY | -54% |
| Fraud Prevention Manager | 48,600 CNY | -23% |
| Fund Accountant | 22,800 CNY | -64% |
| Grants Coordinator | 17,400 CNY | -72% |
| Green Finance Analyst | 34,400 CNY | -45% |
| Group Financial Manager | 68,000 CNY | +8% |
| Internal Auditor | 30,700 CNY | -51% |
| Internal Control Adviser | 37,400 CNY | -41% |
| Internal Control Officer | 20,800 CNY | -67% |
| International Tax Director | 58,200 CNY | -8% |
| Inventory Accountant | 25,200 CNY | -60% |
| Investment Advisor | 64,100 CNY | +2% |
| Investment Analyst | 47,400 CNY | -25% |
| Investment Associate | 38,300 CNY | -39% |
| Investment Broker | 40,300 CNY | -36% |
| Investment Fund Manager | 51,000 CNY | -19% |
| Investment Operations Manager | 53,700 CNY | -15% |
| Investment Underwriter | 19,500 CNY | -69% |
| Investor | 31,700 CNY | -50% |
| Investor Relations Manager | 44,700 CNY | -29% |
| KYC Team Leader | 47,300 CNY | -25% |
| Loan Processor | 19,500 CNY | -69% |
| Management Accountant | 27,200 CNY | -57% |
| Management Economist | 51,800 CNY | -18% |
| Paymaster | 19,700 CNY | -69% |
| Payroll Administrator | 32,000 CNY | -49% |
| Payroll Benefits Coordinator | 24,500 CNY | -61% |
| Payroll Billing Manager | 40,700 CNY | -35% |
| Payroll Clerk | 21,200 CNY | -66% |
| Payroll Manager | 44,500 CNY | -29% |
| Payroll Officer | 19,400 CNY | -69% |
| Payroll Specialist | 23,300 CNY | -63% |
| Payroll Supervisor | 31,100 CNY | -51% |
| Pensions Administrator | 23,500 CNY | -63% |
| Personal Financial Advisor | 35,200 CNY | -44% |
| Pricing Analyst | 40,400 CNY | -36% |
| Private Equity Analyst | 42,900 CNY | -32% |
| Project Accountant | 26,000 CNY | -59% |
| Proposal Development Coordinator | 19,800 CNY | -69% |
| Quantitative Trader | 32,000 CNY | -49% |
| Receivables Accountant | 22,300 CNY | -65% |
| Regulatory Accountant | 24,900 CNY | -61% |
| Retirement Plan Analyst | 37,900 CNY | -40% |
| Revenue Management Specialist | 39,500 CNY | -37% |
| Revenue Recognition Analyst | 43,800 CNY | -31% |
| Risk Management Director | 53,400 CNY | -15% |
| Risk Management Supervisor | 44,100 CNY | -30% |
| Staff Accountant | 21,800 CNY | -65% |
| Tax Accountant | 21,700 CNY | -66% |
| Tax Administrator | 25,200 CNY | -60% |
| Tax Advisor | 35,600 CNY | -44% |
| Tax Analyst | 35,700 CNY | -43% |
| Tax Associate | 19,500 CNY | -69% |
| Tax Consultant | 37,200 CNY | -41% |
| Tax Director | 54,200 CNY | -14% |
| Tax Examiner | 25,800 CNY | -59% |
| Tax Manager | 45,600 CNY | -28% |
| Tax Research Manager | 45,700 CNY | -28% |
| Teller | 13,300 CNY | -79% |
| Treasury Accountant | 24,400 CNY | -61% |
| Treasury Analyst | 37,100 CNY | -41% |
| Underwriter | 16,500 CNY | -74% |
| Underwriting Assistant | 15,500 CNY | -75% |
| Vice President of Finance | 65,200 CNY | +3% |
Salary Comparison By City
| City | Average Salary |
| Shanghai | 63,100 CNY |
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 China is 6% on average across all career fields.
| Private Sector | 28,600 CNY | |
| Public Sector | +6% | 30,300 CNY |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Financial Manager in Shanghai?
A good and competitive compensation would range anywhere between 56,900 CNY and 64,300 CNY. 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 Financial Manager in Shanghai ranges from 33,400 CNY to 47,400 CNY. 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
