2014 Banking & Financial Services Salary Guide

December 10, 2013 3 mins read

Salary ranges for banking and financial services professionals working in accounting, finance, asset management, banking operations, insurance, corporate and retail banking, private equity, risk management and financial leasing.

Our Morgan McKinley Salary Guides examines hiring and remuneration trends for 2014 across Banking and Financial Services, IT, Technical and Engineering, Finance and Accounting, Healthcare and Sales and Marketing.

Accounting & Finance Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Analyst / Non-Officer	Associate / AVP / Manager	VP / Senior Manager	SVP / Director	Director / Senior Director
Internal Audit	¥15k - ¥20k	¥20k - ¥35k	¥30k - ¥45k	¥40k - ¥60k	¥60k+
Financial Control / Reporting	¥20k - ¥25k	¥25k - ¥35k	¥35k - ¥55k	¥50k - ¥70k	¥70k+

Asset Management Salaries

	Basic Salaries (¥ RMB Per Month)
Role	Analyst / Non-Officer	Associate / AVP / Manager	VP / Senior Manager	SVP / Director	Director / Senior Director
Research Analyst	¥14k - ¥20k	¥20k - ¥35k	¥35k - ¥45k	¥45k - ¥80k	¥80k - ¥100k
Equity Analyst	¥15k - ¥25k	¥25k - ¥35k	¥30k - ¥50k	¥50k - ¥70k	¥70k - ¥90k
Fund/Portfolio Manager	¥18k - ¥30k	¥25k - ¥40k	¥30k - ¥60k	¥60k - ¥80k	¥100k+

Banking Operations Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Analyst / Non-Officer	Associate / AVP / Manager	VP / Senior Manager	SVP / Director	Director / Senior Director
Settlements	¥6k - ¥11k	¥11k - ¥15k	¥14k - ¥24k	-	-
Documentation	¥10k - ¥15k	¥13k - ¥25k	¥15k - ¥30k	-	-
Treasury Operations	¥8k - ¥12k	¥12k - ¥25k	¥18k - ¥35k	¥30k - ¥55k	¥60k - ¥100k
Trade Operations / Loan Operations	¥8k - ¥15k	¥9k - ¥20k	¥18k - ¥37k	¥30k - ¥55k	-

Insurance Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Manager	Senior Manager	Director
BD/Account Management	¥10k - ¥20k	¥20k - ¥40k	¥40k - ¥70k
Underwriting	¥10k - ¥25k	¥25k - ¥40k	¥40k - ¥66k
Actuary	¥15k - ¥25k	¥25k - ¥50k	¥50k - ¥80k
Claims	¥10k - ¥15k	¥15k - ¥30k	¥30k - ¥50k

Corporate & Retail Banking Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Analyst / Non-Officer	Associate / AVP / Manager	VP / Senior Manager	SVP / Director
Wealth Management Sales	¥5k - ¥10k	¥11k - ¥20k	¥24k - ¥40k	¥40k+
Product Management / Marketing	¥10k - ¥20k	¥20k - ¥35k	¥35k - ¥50k	¥50k+
Role: CORPORATE BANKING	-	-	-	-
Cash Management (Sales)	¥15k - ¥25k	¥25k - ¥35k	¥35k - ¥55k	¥55k - ¥70k
Corporate Relationship Manager	¥15k - ¥25k	¥25k - ¥35k	¥35k - ¥55k	¥55k - ¥70k
Trade Finance (Sales)	¥15k - ¥25k	¥25k - ¥40k	¥40k - ¥55k	¥55k - ¥65k

Private Equity Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Analyst	Associate	AVP / VP	Director	Managing Director
Research Analyst	¥12k - ¥20k	¥18k - ¥25k	¥25k - ¥40k	-	-
Private Equity- Investment Team	¥15k - ¥40k	¥25k - ¥50k	¥50k - ¥80k	¥80k - ¥100k	¥100k+
Investment Banking (Front Office)	¥18k - ¥50k	¥40k - ¥70k	¥60k - ¥80k	¥80k - ¥100k	¥100k+
Corporate Finance Mergers & Acquisitions	¥12k - ¥25k	¥25k - ¥40k	¥40k - ¥60k	¥60k+	¥80k+

Risk Management Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Associate / AVP / Manager	VP / Senior Manager	SVP / Director	Director / Senior Director
Market Risk	¥25k - ¥40k	¥50k - ¥80k	¥75k - ¥110k	-
Credit Risk	¥25k - ¥35k	¥45k - ¥65k	¥60k - ¥80k	¥75k - ¥120k
Compliance	¥25k - ¥40k	¥45k - ¥65k	¥60k - ¥80k	¥85k - ¥100k
Legal	¥25k - ¥40k	¥45k - ¥60k	¥55k - ¥80k	¥85k - ¥150k

Financial Leasing Salaries

	Basic Salaries (¥ RMB Per Month )
Role	Associate / AVP / Manager	VP / Senior Manager	SVP / Director	Director / Senior Director
Account Management	¥20k - ¥30k	¥30k - ¥40k	¥40k - ¥50k	¥50k+
Credit and Risk	¥18k - ¥22k	¥22k - ¥35k	¥35k - ¥45k	¥45k+
Treasury Management	¥10k - ¥20k	¥20k - ¥30k	¥30k - ¥40k	¥40k+