salary survey 2017 Finance ROLE
EXPERIENCE 2017 SALARY (HKD’000) 2017 BONUS LOW(%) 2017 BONUS MEDIUM(%) 2017 BONUS HIGH(%)
Project Accounting Analyst Associate/Assistant Vice President Vice President Executive Director Head
1 – 3 years 3 – 6 years 6 – 10 years 10+ years 15+ years
200 – 450 450 –700 700 – 1,100 1,100 – 1,400 1,400+
0 5 5 5 5
15 15 15 15 20
25 30 30 50 50
5 5 5 5 5
10 10 10 15 15
25 30 30 50 50
Fund Accounting – Investment Management Analyst Associate/Assistant Manager Manager Senior Manager Director/Head
1 – 3 years 3 – 5 years 5 – 7 years 7 – 10 years 10+ years
Lawyer Private Practice Role Lawyers, International Law Firms1 Lawyers, Magic Circle Firms2
180 – 300 300 – 500 500 – 800 800 – 1,200 1,200+
SALARY RANGES (HKD’000) PLUS BONUS NEWLY 1 PQE 2 PQE 3 PQE 4 PQE 5 PQE 6 PQE QUALIFIED 720 – 1,020 840 – 1,032 936 – 1,248 936 – 1,248 1,020 – 1,440 1,044 – 1,440 1,080 – 1,500 960 – 984 1,008 – 1,128 1,068 – 1,200 1,344 – 1,404 1,188 –1,440 1,236 – 1,680 1,620 – 1900
The above table includes salary data collected from international law firms of varying sizes. The above table includes salary data collected from Magic Circle law firms.
1 2
Private Practice3 Role Senior Vice President/Director
SALARY RANGES (USD’000) PLUS BONUS 1ST YEAR (CLASS 2ND YEAR 3RD YEAR 4TH YEAR 5TH YEAR OF 2015) USD180 USD190 USD210 USD235 USD260
6TH YEAR
7TH YEAR
8TH YEAR
9TH YEAR
USD280
USD300
USD315
USD330+
The above table includes salary data collected from US law firms or US practices of international law firms where lawyers are paid on New York rates.
3
In-house Corporate4
SALARY RANGES (HKD’000) PLUS BONUS
Role
7 – 9 YEARS
10 – 15 YEARS
16 – 20 YEARS
Non Listed Companies (Non Transactional Role) 420 – 600
0 – 2 YEARS
576 – 720
3 – 4 YEARS
660 – 960
5 – 6 YEARS
720 – 1,200
1,000 – 1,500
1,200 – 1,560+
Non Listed Companies (Transactional Role)
480 – 660
576 – 780
660 – 1,020
960 – 1,320
1,200 – 1,560
1,300 – 1,680+
HK Listed Companies (Non Transactional Role)
540 – 780
600 – 1,000
720 – 1,200
960 – 1,380
1,200 – 1,680
1,320 – 1,800+
HK Listed Companies (Transactional Roles)
680 – 980
780 – 1,200
900 – 1,320
1,200 – 1,440
1,380 – 1,800+ 1,800 – 2,280+
Multinationals (Regional Coverage)
600 – 900
780 – 1,080
840 – 1,140
1,116 – 1,440
1,200 – 1,800+ 1,680 – 2,180+
Rates are not inclusive of General Counsels, for more detailed information, please contact us directly. Bonus is often discretionary within though we have observed most candidates receiving around 1 to 3 months depending on the role/organisation.
4
In-house Financial Services1 Role
SALARY RANGES (HKD’000) PLUS BONUS 0 – 2 YEARS
3 – 4 YEARS
5 – 6 YEARS
7 – 9 YEARS
10 – 14 YEARS
15+ YEARS
HEAD OF LEGAL
Insurance Houses
480 – 660
600 – 840
720 – 1,020
936 – 1,300
1,140 – 1,440
1,380 – 1,600
1,500+
Asset Management & Other Buy Side Houses
600 – 780
720 – 1,080
900 – 1,200
1,100 – 1,450
1,350 – 1,700
1,500 – 2,500
1,680+
Global Banks
720 – 900
840 – 1,200
1,020 – 1,300
1,140 – 1,440
1,320 – 1,620
1,560 – 2,300
1,800+
Local Banks
480 – 660
540 – 780
660 – 900
744 – 1,100
960 – 1,440
1,320+
1,600+
Chinese Investment Banks
540 – 660
660 – 1,000
720 – 1,200
960 – 1,380
1,020 – 1,500
1,300+
1,800 –2,200+
The above table includes salary data collected from international/investment banks, local banks, local and global insurance companies and buy side houses (such as fund/ private equity/security houses). Bonus is often discretionary within financial services though we have observed most candidates receiving at least 2 – 3 months. There may be variance when a lawyer is working in a buy side house or sitting with the business as a desk lawyer within an investment bank where bonus range tends to be higher on a case by case basis.
1
Regulatory Bodies Role Financial Regulators2
SALARY RANGES (HKD’000) PLUS BONUS 0 – 2 YEARS 3 – 4 YEARS 5 – 6 YEARS 480 – 720 720 – 960 840 – 1,080
7 – 9 YEARS 1,020 – 1,260
10 – 14YEARS 1,020 – 1,500
15+ YEARS 1,320 – 1,800+
Rates are not inclusive of Directors/Vice Presidents, for more detailed information, please contact us directly. Bonus is often discretionary/performance – based though we have observed most candidates receiving around 1 to 4 months depending on the role/organisation.
2
HONG KONG BUSINESS | JULY 2017
25