2021 Salary Guide: Financial Services

January 01, 2021

HK Salary Guide Industries 01

Want to advance your career in Financial Services?

Here’s what you definitely need to know:

Hot Jobs for 2021 in Hong Kong

This year, these financial services specialisations are in demand:

  • Virtual Banking
  • Insurtech
  • Private Banking
  • Distressed Debt and Special Situations Funds
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    Hong Kong Average Salary: Financial Services

    This is the average salary in Hong Kong for Financial Services jobs:

    Front Office:

    Middle & Back Office:

    Information Technology:

    Front Office – Non-bulge Bracket Investment Banks

    Job Title Average Annual Salary (HKD)
    Experienced Analyst 540 – 720k
    Associate (2.5 – 6 yrs’ exp) 720 – 900k
    Vice President (7+ yrs’ exp) 960k – 1.44m
    Director (10+ yrs’ exp) 1.6 – 2.2m
    Managing Director (15+ yrs’ exp) 1.95 – 2.4m

    Front Office – Bulge Bracket Investment Banks

    Job Title Average Annual Salary (HKD)
    Experienced Analyst 720 – 960k
    Associate (2.5 – 6 yrs’ exp) 840k – 1.38m
    Vice President (7+ yrs’ exp) 1.4 – 1.9m
    Director (10+ yrs’ exp) 1.8 – 2.4m
    Managing Director (15+ yrs’ exp) 1.95 – 2.5m/td>

    Front Office – Wealth Management

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Relationship Manager 650 – 800k 800k – 1.3m 900k – 2.4m
    Product Specialist 500 – 700k 700k – 1.0m 800k – 2.2m
    Investment Analyst 400 – 600k 600 – 900k 900k – 2.2m
    Client Services 360 – 480k 420 – 600k 600 – 800k

    Front Office – Private Equity

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Investment Professional (Global Fund) 900k – 1.3m 1.45 – 2.0m/td> 2.0 – 2.4m
    Investment Professional (Regional Fund) 700k – 900k 1.0 – 1.3m 1.4 – 1.8m
    Investment Professional (Fund of Funds) 650 – 850k 950k – 1.25m 1.25 – 1.5m
    Investor Relations 600 – 850k 900k – 1.2m 1.3 – 1.75m

    Front Office – Asset Management – Investment Research

    Job Title Average Annual Salary (HKD)
    Investment Analyst (1 – 3 yrs’ exp) 470 – 800k
    Senior Investment Analyst (5+ yrs’ exp) 1.2 – 1.6m
    Assistant Portfolio Manager (10+ yrs’ exp) 1.7 – 2.5m
    Portfolio Manager (13+ yrs’ exp) 2.5 – 4.2m

    Front Office – Asset Management – Execution Trading

    Job Title Average Annual Salary (HKD)
    Junior Trader (3 – 4 yrs’ exp) 500 – 800k
    Senior Trader (5 – 8 yrs’ exp) 750k – 1.25m
    Head of Trading (10+ yrs’ exp) 1.35 – 2.0m

    Front Office – Asset Management – Institutional Sales

    Job Title Average Annual Salary (HKD)
    Associate/Assistant (Client services) (3 – 5 yrs’ exp) 400 – 700k
    VP/Manager (Client facing) (5 – 10 yrs’ exp) 900k – 1.4m
    Head of Sales (15+ yrs’ exp) 1.55 – 2.5m

    Front Office – Hedge Fund – Investment Research

    Job Title Average Annual Salary (HKD)
    Junior Analyst (3 – 5 yrs’ exp) 750k – 1.2m
    Analyst (5 – 8 yrs’ exp) 1.2 – 2.0m
    Senior Analyst (8 – 12 yrs’ exp) 1.7 – 2.3m

    Front Office – Hedge Fund – Portfolio Management

    Job Title Average Annual Salary (HKD)
    Assistant/Junior Portfolio Manager (10 – 15 yrs’ exp) 1.7 – 2.7m
    Portfolio Manager (15+ yrs’ exp) 2.2 – 3.2m
    Senior PM/CIO (20+ yrs’ exp) 2.5 – 4.0m

    Front Office – Hedge Fund – Execution Trading

    Job Title Average Annual Salary (HKD)
    Junior Trader (3 – 5 yrs’ exp) 550 – 950k
    Senior Trader (3 – 5 yrs’ exp) 850k – 1.3m
    Head of Trading (10+ yrs’ exp) 1.4 – 1.9m

    Middle & Back Office – Accounting & Finance

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Change Management 240 – 480k 480 – 850k 850k – 1.5m
    Financial & Regulatory Reporting 240 – 360k 360 – 750k 750k – 1.5m
    Fund Accounting & Admin 187 – 480k 450 – 800k 800k+
    Management Reporting 240 – 360k 360 – 750k 750k – 1.5m
    Product Control & Valuation 300 – 450k 450 – 800k 800k – 2.0m
    Tax Planning & Advisory 300 – 500k 500 – 800k 800k – 2.0m
    Treasury 240 – 480k 480 – 840k 840k – 2.5m

    Middle & Back Office – Internal Audit

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Fund & Wealth Management 420 – 600k 600 – 960k 960k+
    IBD & Markets 420 – 600k 600 – 960k 960k+
    Insurance 300 – 540k 540 – 960k 960k+
    Information Technology 450 – 660k 660 – 980k 980k+
    Retail & Commercial Banking 300 – 550k 550 – 820k 820k+

    Middle & Back Office – Risk Management

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Counterparty Risk 240 – 420k 420 – 900k 900k – 1.8m
    Credit Risk 240 – 420k 550 – 780k 900k – 1.8m
    Market Risk 240 – 480k 600 – 1.0m 900k – 1.8m
    Operational Risk 240 – 420k 550 – 800k 900k – 1.5m

    Middle & Back Office – Operations

    Job Title Average Annual Salary (HKD): 1 – 4 yrs’ exp Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Change Management 360 – 500k 500 – 900k 900k – 1.8m
    Client Servicing & Corporate Actions 300 – 480k 480 – 700k 700k – 1.2m
    Collateral Management 300 – 540k 540 – 800k 800k – 1.5m
    KYC/Client Onboarding 300 – 540k 540 – 800k 800k – 1.4m
    Trade Support & Settlement 300 – 540k 540 – 840k 800k – 1.3m

    Information Technology – Application & Development

    Job Title Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Java, C++, .NET Developer 630 – 880k 880k – 1.4m
    UI/UX Developer 480 – 720k 720k – 1.2m
    Quantitative Analyst 660 – 900k 900k – 1.5m
    Quality Assurance/Testing 400 – 480k 480 – 750k
    Application Support 500 – 650k 650 – 960k
    Software Architect 700 – 900k 840k – 1.4m
    Big Data Architect 600 – 840k 840k – 1.4m

    Information Technology – Infrastructure & Cyber Security

    Job Title Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Cloud & Storage 825k – 1.1m 1.1 – 1.5m
    Helpdesk Administrator 396 – 528k 528 – 924k
    Network Engineer 660 – 792k 792k – 1.0m
    Database Administrator 540 – 660k 660 – 800k
    Cybersecurity 600 – 840k 840k – 1.5m
    Technology Risk 650 – 900k 900k – 1.5m

    Information Technology – Project & Change Management

    Job Title Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Program Manager 600 – 950k 950k – 1.8m
    Project Manager 560 – 850k 850k – 1.3m
    Change Manager 560 – 850k 850k – 1.5m
    PMO 610 – 730k 730k – 1.5m
    Business Analyst 480 – 730k 730k – 1.5m
    Project Coordinator/Analyst 360 – 540k 540 – 600k
    Scrum Master & Agile Evangelist 600 – 840k 840k – 1.5m

    Information Technology – Digital Transformation

    Job Title Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Digital Product Manager 700k – 1.0m 1.0 – 1.8m
    Digital Project Manager 700 – 900k 850k – 1.3m
    UX/UI Lead 600 – 900k 900k – 1.5m
    Digital Transformation Manager 600 – 900k 900k – 1.8m
    Lean Consultant 560 – 850k 850k – 1.8m

    Information Technology – Business Intelligence

    Job Title Average Annual Salary (HKD): 5 – 8 yrs’ exp Average Annual Salary (HKD): 8+ yrs’ exp
    Business Intelligence Analyst 490 – 670k 620 – 800k

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    Back to Ultimate Hong Kong Salary Guide

    Source: Robert Walters

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