27 Jul Where to earn $2m in Hong Kong finance by your early 30s
In which jobs will you earn the highest base salaries in Hong Kong banking? And how much will you actually get paid when you reach the senior ranks in these roles? To find out, we averaged out director (i.e. people with 10 years’ experience or more) pay figures across salary surveys from four recruitment agencies in Hong Kong. We then eliminated jobs with an annual salary of less than HK$2m (US$255k) to produce the table below. We used the maximum figures from each firm’s director-level pay range, so the salaries listed are for top performers. While the 11 functions in our $2m table are all in the front-office, there is now surprisingly little difference between them when it comes to senior pay. Interestingly, the table-topping investment bankers in ECM, DCM and M&A now only earn 9% more in base pay than their private banking counterparts at director level in Hong Kong. Demand for relationships...