Turnover in the Asian job market is traditionally higher than most other large financial services centres, but job-hoppers have a new reason to move – a big pay rise. It’s now easier to get an uplift by switching employers than by staying put, suggest recruiters Robert Walters.
Competition for talent across Hong Kong, Singapore and Shanghai – particularly in wealth management – has ensure some spectacular pay rises over the past 12 months. So which jobs are offering the biggest pay rises in the Asian financial sector? Courtesy of the Robert Walters 2015 salary survey, here are the top ten.
1. Investment counsellor, wealth management (Hong Kong), 6-10 years experience, up to HK$900k: 36.3% increase
2. Corporate finance analyst (Hong Kong), up to HK$800k: 33.3% increase
3. Senior relationship manager, front office (Shanghai), up to RMB1m: 25% increase
4. Trade & cash sales, front office (Shanghai), up to RMB800k: 23% increase
5. Corporate finance manager (Hong Kong), up to HK$1.8m: 20% increase
6. Investment counsellor, wealth management (Hong Kong), 3-6 years experience, up to HK$720k: 20% increase
7. Financial analyst (Hong Kong), up to HK$650k: 18.1% increase
8. Credit risk, risk management, middle office (Hong Kong), 5-8 years experience, up to HK$840k: 16.7% increase
9. Internal auditor (Shanghai), up to RMB400k: 14.3% increase
10. Transaction banking, manager/AVP level, commercial banking (Singapore), up to S$180k: 12.5% increase