Salary & Employment Forecast - Michael Page Hong Kong

Finance
Employment conditions
Over the last 12 months activity in the finance
employment market has been positive, in line
with strong domestic economic conditions.
This is driving demand for skilled and
experienced professionals across the sector
as companies focus their regional finance
operations in Hong Kong.
Skills in demand
There is a large requirement for internal audit
and compliance professionals in businesses
that are undergoing risk and regulation
assessments, as well as in companies building
their regional auditing functions in Hong Kong.
Financial Advisors are also highly soughtafter
in businesses that are undertaking
restructures and need to evaluate their internal
finance procedures. Other areas of demand
include financial planning and analysis skills in
the property and real estate sectors, as well
as corporate strategy and planning experience
across the IPO market.
Salary expectations
With the increasing requirement for skilled
finance professionals, employers are likely
to review salaries to retain their best staff.
Average salary increases of 5% are likely to
be awarded to top performers. For skills in
higher demand including tax, internal audit
and treasury, above average salary increases
can be anticipated. Some companies will
also be awarding bonuses to keep their
most talented people.
Market outlook
During 2012, recruitment activity is expected
to remain steady across the finance sector
in Hong Kong, as businesses continue to
seek skilled and experienced professionals
to help drive business growth and market
share. There will be a growing requirement
for Internal Auditors and Financial Planners/
Analysts as companies continue to build their
regional finance operations in the country. To
secure this talent, employers are likely to offer
career development opportunities, as well as
competitive salaries and bonuses.
Please note:
COMMERCE & INDUSTRY
Role Experience HK$ ‘000
FINANCE & ACCOUNTING
Assistant Accountant (Part Qualified/Qualified) 2–5 years 220–320
Accountant (Part Qualified/Qualified) 3–7 years 320–440
Financial Analyst/Business Analyst 3–8 years 320–520
Senior Accountant (Qualified) 5–10 years 420–580
Senior Financial Analyst 5–10 years 470–670
Country Finance Manager 8+ years 620–870
Regional Finance Manager 10+ years 720–930
Financial Planning & Analysis Manager 10+ years 720–930
Regional Business Unit Controller 12+ years 840–1,200
Plant Controller 12+ years 840–1,300
Country Financial Controller 12+ years 840–1,000
Regional Financial Controller 15+ years 950–1,200
Country Financial Director 15+ years 950–1,300
Head of Financial Planning & Analysis 12+ years 980–1,500
Group Financial Controller (Listed Group) 15+ years 1,000–1,500
Head of Mergers & Acquisitions 12+ years 1,000–2,000
Regional Finance Director 15+ years 1,200–2,200
Chief Financial Officer (Established Company) 18+ years 1,800–3,000+
BUSINESS DEVELOPMENT (FINANCE)
Business Development Manager 10+ years 620–920
Business Development Director 15+ years 950–1,600+
TREASURY
Treasury Accountant 6+ years 450–620
Regional Treasury Manager 12+ years 800–1,200
Regional/Corporate Treasury Director 15+ years 1,000–2,100
CREDIT CONTROL
Credit Controller 5+ years 280–450
Country Credit Control Manager 12+ years 370–550
Regional Credit Control Manager 15+ years 670–1,000
TAXATION
Tax Accountant 5+ years 320–570
Regional Tax Manager 12+ years 770–1,200
Regional Tax Director 15+ years 1,200–1,800
INTERNAL AUDIT
Internal Auditor 5+ years 420–640
Audit Manager 8+ years 620–950
Senior Internal Audit Manager 12+ years 930–1,300
Regional/Corporate Internal Audit Director 15+ years 1,200–2,000+
1. Market rates are becoming much less homogeneous; while we have taken great care, these salary ranges can only be approximate guides. Since there are often specific circumstances relating to individual
companies, please call us for additional information. 2. These figures are generally the total remuneration (ie. cash, statutory superannuation component and benefits such as Public Benevolent Institution Salary
packaging), excluding bonus/incentive schemes. 3. In all categories the CA/CPA qualifications will lead to a premium in salaries earned (for example the salaries at the higher level in each band are likely to be
earned). 4. Bonus and incentive schemes are becoming more common through the different levels of management and are not included in these figures.
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