We are a well-established and listed commercial bank in Hong Kong, and a member of Yuexiu Group, one of the largest state-owned enterprises in Guangzhou. Salaries estimates are based on 197 salaries submitted anonymously to Glassdoor by Manager employees in Hong Kong. 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. HKD AVERAGE. We broke down Bank Branch Manager salaries by education level in order to make a comparison. New jobs everyday means new opportunities. Listed above are the average annual increase rates for each industry in Hong Kong for the year 2019. A Master's degree program or any post-graduate program in Hong Kong costs anywhere from 183,000 Hong Kong Dollar(s) to 549,000 Hong Kong Dollar(s) and lasts approximately two years. 78 Des Voeux Road Central, Hong Kong or fax to 2986-3233 or by clicking Apply Now. More recently, global banks in Hong Kong have been shedding underperforming RMs and there’s been enough talent on the market to meet banks’ needs. The base salary for Private Banking Manager ranges from $138,101 to $170,072 with the average base salary of $154,231. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $162,996 to $232,033 with the average total cash compensation of $197,576. HKD. 25 Simple Ways to Reduce Bills and Save Money. So who gets paid more: men or women? Employees that support and facilitate the work of revenue generators. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Join Bank of China (Hong Kong) Be a dynamic member of our team We commit to excellence and professionalism We value people We offer challenging and rewarding careers that w… 13 hours ago Relationship Manager - Retail Banking You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. You can't really expect any salary increases during the study period, assuming you already have a job. The best paid Bank of China employees work in Hong Kong for an average salary of $66,000. Though gender should not have an effect on pay, in reality, it does. Public sector employees in Hong Kong earn 10% more than their private sector counterparts on average across all sectors. Most Bank of China employees using Emolument work in France for an average salary of $42,000. While Bank Manager workers with Some College education earn the least, with an average gross income of HKD 300,000. Bank Branch Manager salaries in Hong Kong range from 31,700 HKD per month (minimum salary) to 91,000 HKD per month (maximum salary). While someone with a Master's Degree gets a salary of 79,700 HKD per month, 93% more than someone having a Bachelor's Degree degree. A person working as a Bank Branch Manager in Hong Kong typically earns around 59,800 HKD per month. Hong Kong •  This is very predictable due to the inherent responsibilities of being higher in the hierarchy. The demand for legal and compliance talent remained steady in 2018 with strong hiring throughout the year, even in the typically quieter Q4. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Hong Kong SAR. The experience level is the most important factor in determining the salary. People tend to confuse bonuses with commissions. Sort by: relevance - date. Needless to say, there aren't just a few directors or managing directors in each investment bank. The average banking investment manager salary in Hong Kong SAR is HK$800,070 or an equivalent hourly rate of HK$385. Moving forward, an experience level between five and ten years lands a salary of 63,400 HKD per month, 42% more than someone with two to five years of experience. Average salary for Bank Of China (Hong Kong) Project Manager in Hong Kong: HK$38,890. The amount of the bonus will probably be different from person to person depending on their role within the organization. for their counterparts with 0-1 Year of experience. Incorporated in November 1950, Shanghai Commercial Bank Ltd. is one of the most well known local Chinese banks in Hong Kong. Workers with 20+ Years of experience earn Salaried jobs pay a fix amount regardless of the hours worked. Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 ). Tweet Get Chart Link http://www.salaryexplorer.com/charts/hong-kong/banking/bank-branch-manager/salary-trends-and-forecast-monthly-hong-kong-bank-branch-manager.jpg Average Salary 2016 … 20+ Years of experience and 0-1 Year is 120.79%. Pinpoint says an MD in an investment bank earns between $640k and $2.6m in combined salary and bonus. Lastly, employees with more than twenty years of professional experience get a salary of 86,200 HKD per month, 6% more than people with fifteen to twenty years of experience. The average salary for a Branch Manager, Banking in Hong Kong is HK$750,757. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Bank Manager workers holding Bachelors Degree degrees enjoy the highest average gross salaries in What percentage of people earn more or less than you do? “The experienced people are now facing the toughest pay squeeze,” says a Hong Kong investment banking headhunter. Create job alert to receive latest Credit manager jobs. On the other end, a senior level bank teller (8+ years of experience) earns an average salary of HK$231,741. Example:A graphics designer working for a graphics designing company. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. If the experience level is between fifteen and twenty years, then the expected wage is 81,500 HKD per month, 10% more than someone with ten to fifteen years of experience. Download a copy of the Robert Half 2020 Salary Guide now. People in top positions can easily get double or triple bonus rates than employees down the pyramid. If your wage is between the average and the median, then things can be a bit complicated. If you're a VP-level corporate banker in Hong Kong, for example, your salary should be around HK$1,215k. Full-time (2227) Permanent (1281) Contract (166) Temporary (71) ... Office Manager jobs in Hong Kong. Get personal salary report based on your exact career. Salaries range from 31,700 HKD (lowest) to 91,000 HKD (highest). By contrast, although directors and MDs remain well paid in Hong Kong investment banking – earning HK$2,215k on average – they have not enjoyed significant salary rises over the past 12 months. The median salary is 56,300 HKD per month, which means that half (50%) of people working as Bank Branch Manager(s) are earning less than 56,300 HKD while the other half are earning more than 56,300 HKD. The figures mentioned above are good approximations and are considered to be the standard. HK$14k - 35k /month. Where can you get paid more, working for a private company or for the government? 8 Essential CV Tips That Will Make a Huge Difference. Detailed salary report based on location, education, experience, gender, age etc. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Change Location. Also from the diagram, 75% of Bank Branch Manager(s) are earning less than 69,200 HKD while 25% are earning more than 69,200 HKD. Interested in knowing what your financial services salary could be in 2020 or what you should be paying your financial services team? Many people pursue higher education as a tactic to switch into a higher paying job. The most standard form of bonus where the employee is awarded based on their exceptional performance. London falls between the two. A person working in Banking in Hong Kong typically earns around 39,800 HKD per month. If your salary is higher than both of the average and the median then you are doing very well. Hong Kong. Bank Manager, Hong Kong | 2019/20 outperform their counterparts with less experience. Visit PayScale to research Hang Seng Bank salaries, bonuses, reviews, benefits, and more! Welcome to SalaryCheck (Powered by CTgoodjobs.hk) - Hong Kong's First Salary Search Engine Salaries range from 12,500 HKD (lowest average) to 81,700 HKD (highest average, actual maximum salary is higher). With an earned Bachelors Degree, they grosses HKD 608,333. When the education level is Bachelor's Degree, the average salary of a Bank Branch Manager is 41,200 HKD per month. The average salary for Hang Seng Bank employees in Hong Kong is HK$406,333 per year. Salaries … Teller (HKD $13,000 - HKD $20,000) / Counter Services / Branch Operation Manager (22K - 35K) Chasseur Pro Executive Consultant Limited. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. The difference between workers with Commercial Banking Relationship Management Salaries (HKD per month) Corporate Banking Relationship Management Salaries (HKD per month) Associate: 20k - 30k: Associate: 30k - 40k: AVP: 30k - 40k: AVP: 40k - 50k: VP: 40k - 65k: VP: 50k - 80k: SVP / Team Head / Director: 65k - 85k: SVP / Team Head / Director: 80k - 120k Bank of China (Hong Kong) Salaries | Wall Street Oasis Search 194 Bank Manager jobs now available in Toronto, ON on Indeed.com, the world's largest job site. 25 late to work excuses that may actually work! At executive director/SVP level, for example, your private banking base salary could be up to HK$2,450k a year. In addition, they earn an average bonus of HK$75,447. Naturally the more years of experience the higher your wage. Watch. Please send your full resume with current salary, expected salary and the date of availability to The Human Resources Department, Chiyu Banking Corporation Ltd, 12/F, Chiyu Bank Building, No. The most typical salary is HKD 583,333 (Gross). Here For You During COVID-19 NEW! One major difference between salaried employees and hourly paid employees is overtime eligibility. Closely related to the median are two values: the 25th and the 75th percentiles. Bank Branch Manager(s) in Hong Kong are likely to observe a salary increase of approximately 8% every 29 months. If you can afford the costs of higher education, the return on investment is definitely worth it. Hong Kong salaries - 2 salaries reported: HK$68 / hr Retail Banking and Wealth Management salaries - 2 salaries reported: HK$15,000 / mo Business Analyst salaries - 2 salaries reported: HK$22,000 / mo General Banking Officer salaries - 2 salaries reported: HK$139,400 / yr Manager salaries - 2 salaries reported: HK$37,750 / mo Project Officer salaries - 2 salaries reported Our salaries are based on actual placements made by our recruitment consultants in Hong Kong, plus through an analysis of the demand of roles, supply of talent and other market conditions. This is 102.35% lower of what Bachelors Degree degree holders earn. … DBS Bank (Hong Kong) Limited 星展銀行 Graduate Associate Salary 收入 August 12, 2020. HK$16,000 / mo. Their field of expertise usually matches the type of business. The national average annual increment for all professions combined is 4% granted to employees every 29 months. Top 10 coolest jobs that you can actually have! These figures tend to change frequently. A Bank Branch Manager with less than two years of experience makes approximately 36,500 HKD per month. The numbers seem to support the thoery. HKD 552,727. Top 10 Highest Paying Careers in Hong Kong. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. Detailed rankings include base salary, bonus, location, benefits, average weekly hours worked and more. You should be able to recover the costs in roughly a year or so. Entry level to bank position. HKD HIGH. Salary variations differ from person to person. Employees that are directly involved in generating revenue or profit for the organization. The hourly wage is the salary paid in one worked hour. Bank Manager workers in Hong Kong with more years of work experience Management Trainee salaries - 8 salaries reported. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Hong Kong SAR. The average salary for a Manager is HK$600,000 in Hong Kong. This is the average monthly salary including housing, transport, and other benefits. Based on 2 salaries posted anonymously by Bank Of China (Hong Kong) Project Manager employees in Hong Kong. Visit PayScale to research branch manager, banking salaries by city, experience, skill, employer and more. 21 High Paying Jobs That Don't Require a College Degree! Salary Estimate. The average salary for Bank Branch Manager is 50% more than that of Banking. Example:A graphic designer in the marketing department of a hospital. Companies within thriving industries tend to provide higher and more frequent raises. Download a copy of the Robert Half 2020 Salary Guide now. Salaries posted anonymously by Bank Of China (Hong Kong) employees. That is quite an investment. We broke down Bank Branch Manager salaries by experience level and this is what we found. a gross average of HKD 750,000 compared to HKD 340,000 Reading from the salary distribution diagram, 25% of Bank Branch Manager(s) are earning less than 39,600 HKD while 75% of them are earning more than 39,600 HKD. Copyright © 2011 - 2020 averagesalarysurvey.com, All rights reserved. Percentage increase and decrease are relative to the previous value. A Bank Branch Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. HK$21,000 / mo. Hourly jobs pay per worked hour. The median represents the middle salary value. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise. Don't miss out! Below you will find a detailed breakdown based on many different criteria. Those figures should be taken as general guidelines. Salary up to 20K. Those who got bonuses reported rates ranging from 6% to 8% of their annual salary. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. 39% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 61% said that they received at least one form of monetary bonus. Average salary for Bank Manager(Hong Kong) is HKD 552,727 (US$ 71,109). How to compare your salary. Both are indicators. Assistant Manager salaries - 6 salaries reported. 15 positions at galax solutions, hsbc and t & c personnel consultants including Account Manager, Sales Manager, Sales Executive related to bank relation... Change Country: Hong Kong Granted upon achieving an important goal or milestone. The average salary for a Project Manager is $29,194 per month in Hong Kong. SalaryCheck is a free interactive engine that helps you search for, and compare with, market-centric salary information matched to you exact job profile from our daily-updated database. Relationship Manager salaries - … Salary estimates are based on 18 salaries submitted anonymously to Indeed by Project Manager employees, users, and collected from past and present job advertisements on Indeed in the past 36 months. This is the average monthly salary including housing, transport, and other benefits. Additionally, Bank Branch Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 74,100 HKD per month, 17% more than someone with five to ten years of experience. Average salary for Bank Manager in Hong Kong is In most cases, a salary review is conducted once education is completed and the degree has been attained. The figures provided here are averages of numbers. 1,955 Private Banking Relationship Manager jobs available on Indeed.com. Job Type. Also, Banking salaries are 9% more than those of All Jobs. An entry level bank teller (1-3 years of experience) earns an average salary of HK$152,099. To provide higher and more frequent raises observe a salary review is conducted once education is completed and annual. Of Banking salaries in Hong Kong is HK $ 152,099 both Hong Kong is HK $ 231,741 where the is. Breakdown based on experience, skill, employer and more ( 8+ of... 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