Want to advance your career in Financial Services?
Here’s what you definitely need to know:
Hot Jobs for 2020 in Hong Kong
This year, these financial services specialisations are in demand:
- Virtual Banking
- Insurtech
- Private Banking
- Distressed Debt and Special Situations Funds
Hong Kong Average Salary: Financial Services
This is the average salary in Hong Kong for Financial Services jobs:
Front Office:
- Non-bulge Bracket Investment Banks
- Bulge Bracket Investment Banks
- Wealth Management
- Private Equity
- Asset Management – Investment Research
- Asset Management – Execution Trading
- Asset Management – Institutional Sales
- Hedge Fund – Investment Research
- Hedge Fund – Portfolio Management
- Hedge Fund – Execution Trading
Middle & Back Office:
Information Technology:
- Application & Development
- Infrastructure & Cyber Security
- Project & Change Management
- Digital Transformation
- Business Intelligence
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