551 views
Photo from Dan Freeman on Unsplash

Bonuses surge for Hong Kong financial professionals

Managing directors in Hong Kong received an average bonus of $3.5m  in 2023.

Hong Kong’s financial services (FS) professionals saw an increase in bonuses in 2023, according to eFinancialCareers’s 2024 financial services compensation survey.

According to the report, managing directors received an average bonus of US$450,000 ($3.5m) in 2023, up 28.6% year-on-year (YoY).

ALSO READ: Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg

Directors experienced a 46% YoY increase in their bonus, receiving an average bonus of US$201,163 ($1.6m) last year.

Join Hong Kong Business community

ALSO READ: Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg

Meanwhile, vice presidents have received a total average bonus of around US$72,131 ($564,664.19), representing a YoY bonus increase of 60%.

Junior ranks, including analysts and associates, have seen a 19% YoY increase in bonuses, receiving an average of US$52,988 ($414,806.76).

(US$1 = HK$7.83)

 

Follow the link for more news on

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

Hong Kong deposits up 0.8% in March
HKD and total deposits rose, but renminbi deposits declined.
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
HSBC group chairman Mark Tucker announces retirement
The HSBC board has commenced the process to select a successor, it said.

Exclusives

Tax cuts unlikely to lift Hong Kong home prices
They could boost sentiment and reinforce signs of a stabilising property market.
Relaxed commercial event rules may spur pop-ups, ease retail bust
Social interaction during events is the future of retail and mixed-use development.
MBA admissions fall on tech mismatch
There have been more female and overseas applicants in Hong Kong.
HR & Education