2020 Salary Guide: Financial Services

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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:

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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