2015 Salary Guide
Table of Contents
3
4
5
From the Managing Director
Using the 2015 Robert Half Salary Guide
The hiring landscape across Asia
6
9
9
11
15
Hiring outlook in Hong Kong
17
20
20
22
25
Hiring outlook in Japan
27
30
30
33
38
Hiring outlook in Singapore
39
41
41
Hiring outlook in Shanghai
Salaries in Hong Kong
Finance and Accounting
Banking and Financial Services
Technology
Salaries in Japan
Finance and Accounting
Banking and Financial Services
Technology
Salaries in Singapore
Finance and Accounting
Banking and Financial Services
Technology
Salaries in Shanghai
Finance and Accounting
From the Managing Director
Improvements in the global economy
and the continued growth of Asia as an
economic powerhouse are providing a
valuable boost to business confidence
across the region. Throughout our offices in
Asia, Robert Half recruitment professionals
consistently encounter highly motivated
business leaders with plans for new
projects, hopes of economic and corporate
growth, and robust hiring intentions.
Quality staff play a key role in all of these
plans – a business really is only as good
as its people. And against the backdrop of
highly competitive labour markets, securing and retaining top talent is a vital
factor in the success of corporate plans – regardless of the scale or sector of
the business.
Our Robert Half Salary Guide 2015 has been especially designed to help you
find and retain quality professionals. In today’s workplace, remuneration may
not always be the sole determinant that defines a candidate’s job search but it
certainly plays a significant role.
This Guide offers a comprehensive overview of average salary ranges for
finance, accounting and IT profiles plus key data on salary movements. We also
provide valuable insights on the latest recruitment trends across Hong Kong,
Japan, Singapore and Shanghai.
We believe the Robert Half Salary Guide 2015 provides valuable information for
your organisation to develop an effective recruitment and retention strategy for
the year ahead.
As always, the Robert Half team of recruitment consultants welcome any questions
you may have about the Guide, our survey findings and the broader Asian
recruitment market in general. Your people are, after all, your greatest strength.
David Jones
Senior Managing Director - Asia Pacific
Robert Half
Using the 2015 Robert Half
Salary Guide
The 2015 Robert Half Salary Guide offers an extensive overview of current salary ranges, hiring trends
and specific job trends impacting finance and accounting, banking and financial services, and technology
professionals working within Asia’s business community.
This valuable resource allows you to determine salary levels for new employees, plan payroll and recruitment
budgets and stay up to date with the latest trends emerging in today’s recruitment market.
Our information sources include:
• Market observations from Robert Half recruiting professionals who specialise in the
Finance & Accounting, Financial Services and IT fields and make hundreds of temporary
and permanent placements each year
• Insights from our directors and senior managers
• Independent research we conduct regularly among senior business and finance leaders,
Chief Financial Officers (CFOs) and Chief Information Officers (CIOs)
• Our comprehensive analysis of current and future hiring trends
The Salary Guide includes projected average salary ranges for Finance & Accounting, Banking & Financial
Services and IT positions in Singapore, Hong Kong, Japan and Shanghai. The salary ranges represent
average remuneration only because factors such as seniority, skills and industry can impact pay levels.
Bonuses, incentives and other forms of remuneration, such as benefits and pension schemes, are not taken
into account.
We recognise that salary ranges may vary by industry and are influenced by other factors such as hard-to-find
skill sets. Please speak with one of our Robert Half consultants in your part of Asia to discuss specific factors
affecting your organisation.
4
The hiring landscape
across Asia
The vibrant Asian economies, including China,
Hong Kong, Japan and Singapore continue to
present opportunities, and reflecting this, the
business leaders we spoke with revealed high levels
of optimism – both for the growth of their local
economy, and for business growth in 2015.
A focus on quality
As sentiment remains positive, companies across
Asia are placing renewed emphasis on securing the
top candidates in their field.
Sought-after qualities for professionals continue
to be exposure to cross-border transactions and
multiple currencies. Fluency in English continues
to be highly desirable – reflecting ongoing
globalisation.
Nonetheless in today’s competitive market, firms
need to make themselves attractive to candidates.
Performance reviews must be transparent, and
ideally, career paths should include global or
regional mobility.
Achieving the right
remuneration mix
Of course employee pay packages still pack
considerable clout when it comes to recruiting and
retaining the best people. Companies that do not
offer competitive salaries may put themselves out
of contention when it comes to attracting skilled
professionals.
This highlights the need to stay abreast with current
salary levels – more so because we are seeing a
growing pattern of professional staff prepared to
negotiate their salary. Here too, it pays for hiring
managers to adopt creative strategies. When a
firm cannot afford higher salaries, it is critical to
offer ‘something extra’ and this can take the form
of better insurance coverage, more vacation days
or performance-based bonuses. Also, consider
flexible work arrangements or telecommuting.
In today’s competitive market, awareness of current
salary and hiring trends, coupled with a healthy
dose of flexibility could be the key that ensures a
win-win for both companies and candidates.
Work-life balance moving
up the business agenda
As quality professionals look for and seize new
opportunities, businesses need to meet new talent
attraction and retention challenges – looking
beyond salaries to create a positive work culture.
Supporting a work-life friendly environment is
becoming an important focus of attention among
companies to enable employees to balance their
work and personal commitments. It can be a leap
of confidence for employers to offer this sort of
flexibility but the rewards are there.
Robert Half • 2015 Salary Guide
5
Hong Kong
The opening of the Shanghai-Hong Kong Stock
Connect and establishment of the regulatory body
– the Independent Insurance Authority, are both
driving changes to the business landscape. While
sentiment remains positive, companies in Hong
Kong are placing renewed emphasis on securing
and retaining the top candidates in their field.
Finance & Accounting
Top reasons for recruiting
60%
New market penetration
51%
New projects / initiatives
50%
Business growth or expansion (domestic)
46%
With 81% of CFOs and finance leaders confident
their firm will achieve growth in 2015, the market
remains robust as companies continue to make
both new and replacement hires. Experienced and
younger finance and accounting professionals are
well-placed to climb the career ladder in Hong
Kong as future leaders.
Business growth or expansion (international)
The challenge for today’s finance leaders is to
attract and retain top talent. 85% of CFOs in Hong
Kong are concerned about losing top talent and
93% report difficulty in finding quality finance and
accounting professionals. The key roles that are
highly sought after include business and financial
analysis, and financial management and control.
In a bid to attract and retain quality talent, 84% of
CFOs plan to increase salaries within their finance
and accounting team this year. 41% of CFOs also
plan to increase bonuses.
6
43%
Product or service expansion
Source: Robert Half survey of 150 CFOs and finance leaders
(multiple responses permitted)
CFO concerns
Financial services leadership concerns
99%
93%
93% of finance leaders say it is
challenging to find quality finance
and accounting professionals
99% of business leaders find it
challenging to hire quality
financial services professionals
97%
85%
85% are concerned about
losing top performers
97% of business leaders are concerned
about losing top people
Source: Robert Half survey of 150 CFOs and
finance leaders
Source: Robert Half survey of 150 financial services
business leaders
According to Hong Kong
finance leaders, 84% plan to
increase salaries and 41% plan
to increase bonuses as well
About two-thirds (65%) of those surveyed said they
plan to increase salaries for their financial services
teams this year. 39% of the leaders are also
planning to increase bonuses this year.
Top reasons for recruiting
New projects / initiatives
61%
57%
Banking & Financial Services
The recruitment market for banking and financial
services professionals in Hong Kong was extremely
active in 2014 and we are expecting heightened
activity once again in 2015, across both new and
replacement roles.
Positions experiencing greatest demand include
accounting roles in insurance, plus regulatory
reporting roles and accounting roles in the private
equity and hedge fund sectors.
Competition for quality talent is expected to remain
intense in 2015. Almost all (99%) business leaders
surveyed said it is challenging to find quality
financial services professionals. The majority of
business leaders are also expressing concern about
losing top people.
New market penetration
53%
Product or service expansion
37%
Business growth or expansion (domestic)
23%
Business growth or expansion (international)
Source: Robert Half survey of 150 financial services business
leaders (multiple responses permitted)
65% of financial services
leaders plan to increase
salaries, and 39% expect
to increase bonuses
Robert Half • 2015 Salary Guide
7
HONG KONG
Technology
CIO leaders concerns
The market for IT professionals in Hong Kong
remains buoyant, and recruitment opportunities
for both permanent and contract staff abound
as businesses either expand their IT capabilities
or transform business units.
92% of CIOs are challenged to
recruit skilled IT professionals
In this environment, nearly the same number of
CIOs expect to recruit new IT professionals (40%)
and replace IT staff in existing vacated roles (41%)
in 2015.
Experience with cloud computing, Office 365 and
languages such as .NET and Java is highly desirable,
and candidates with industry background in insurance
and software technology are the most sought after.
92%
80%
80% of CIOs are concerned about
losing top performers in the year ahead
Source: Robert Half survey of 100 CIOs
Highly sought-after
technology skills
Remuneration will play a key role in hiring and
recruitment intentions. 77% of CIOs expect IT
salaries to rise in 2015, while 28% of firms are
planning to increase bonuses.
Networking
Security
Top reasons for IT team expansion
New projects / initiatives
Software
development
51%
49%
Product or service expansion
42%
Business growth or expansion (international)
Data/database
management
Application
development
33%
New market penetration
28%
Systems upgrades
Source: Robert Half survey of 100 CIOs (multiple
responses permitted)
According to Hong Kong CIOs, 77% plan to increase salaries
and 28% of them also plan to increase bonuses
8
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
156,000 - 240,000
162,000 - 252,000
5%
ACCOUNTING
Assistant Accountant
S/M
L
216,000 - 276,000
216,000 - 288,000
2%
Accountant
S/M
240,000 - 336,000
264,000 - 360,000
8%
L
300,000 - 360,000
300,000 - 420,000
9%
Manager
S/M
336,000 - 480,000
360,000 - 504,000
6%
L
500,000 - 600,000
504,000 - 624,000
3%
ACCOUNTS PAYABLE / RECEIVABLE
Clerk
Manager
S/M
108,000 - 156,000
108,000 - 156,000
0%
L
120,000 - 168,000
120,000 - 168,000
0%
L
420,000 - 600,000
420,000 - 600,000
0%
CREDIT
Analyst
Manager
S/M
156,000 - 300,000
156,000 - 300,000
0%
L
300,000 - 420,000
300,000 - 420,000
0%
S/M
300,000 - 396,000
300,000 - 420,000
3%
L
480,000 - 720,000
480,000 - 780,000
5%
FINANCE
Analyst
S/M
240,000 - 400,000
240,000 - 420,000
3%
L
360,000 - 600,000
360,000 - 600,000
0%
Manager
S/M
420,000 - 600,000
430,000 - 600,000
1%
L
480,000 - 720,000
480,000 - 780,000
5%
Controller
S/M
600,000 - 900,000
650,000 - 900,000
3%
L
900,000 - 1,200,000
1,000,000 - 1,200,000
5%
CFO / Finance Director
S/M
L
960,000 - 1,500,000
1,000,000 - 1,500,000
2%
1,500,000 - 2,400,000
1,500,000 - 2,500,000
3%
*Small companies: S < HK$ 50 million
Midsize companies: HK$ 50 million ≤ M ≤ to HK$ 150 million
Large companies: L > HK$ 150 million
Robert Half • 2015 Salary Guide
9
HONG KONG
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
FINANCIAL PLANNING & ANALYSIS / BUSINESS
Analyst
Manager
Director
S/M
240,000 - 400,000
240,000 - 420,000
3%
L
360,000 - 600,000
400,000 - 600,000
4%
S/M
420,000 - 660,000
450,000 - 700,000
6%
L
540,000 - 900,000
600,000 - 900,000
4%
L
1,100,000 - 1,500,000
1,200,000 - 1,500,000
4%
216,000 - 480,000
300,000 - 480,000
12%
INTERNAL AUDIT
Auditor
S/M
L
420,000 - 650,000
420,000 - 660,000
1%
Manager
S/M
360,000 - 600,000
480,000 - 600,000
13%
L
500,000 - 950,000
600,000 - 960,000
8%
L
1,200,000 - 2,000,000
1,200,000 - 2,400,000
13%
Director
TAX
Analyst
S/M
240,000 - 350,000
240,000 - 360,000
2%
L
300,000 - 420,000
300,000 - 480,000
8%
Manager
S/M
420,000 - 720,000
480,000 - 720,000
5%
L
600,000 - 960,000
660,000 - 960,000
4%
Director
L
1,200,000 - 1,800,000
1,200,000 - 1,800,000
0%
TREASURY
Analyst
Manager
Treasurer
S/M
240,000 - 400,000
240,000 - 420,000
3%
L
360,000 - 540,000
360,000 - 540,000
0%
S/M
480,000 - 600,000
480,000 - 600,000
0%
L
500,000 - 720,000
540,000 - 720,000
3%
L
1,000,000 - 1,600,000
1,000,000 - 1,600,000
0%
* Small companies: S < HK$ 50 million
Midsize companies: HK$ 50 million ≤ M ≤ to HK$ 150 million
Large companies: L > HK$ 150 million
10
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
330,000 - 490,000
350,000 - 550,000
10%
RISK
Project Management
Analyst
Associate / Manager / AVP
490,000 - 780,000
550,000 - 850,000
10%
VP / SVP
780,000 - 1,350,000
850,000 - 1,500,000
10%
MD
1,350,000+
1,500,000+
11%
Market Risk
Analyst
330,000 - 500,000
350,000 - 550,000
8%
Associate / Manager / AVP
480,000 - 880,000
550,000 - 900,000
7%
VP / SVP
850,000 - 1,450,000
900,000 - 1,600,000
MD
1,500,000+
1,600,000+
9%
7%
Credit Risk
Analyst
330,000 - 528,000
350,000 - 550,000
5%
Associate / Manager / AVP
528,000 - 940,000
550,000 - 950,000
2%
VP / SVP
977,500 - 1,495,000
950,000 - 1,600,000
3%
MD
1,495,000+
1,600,000+
7%
Operations Risk
Analyst
350,000 - 500,000
350,000 - 550,000
6%
Associate / Manager / AVP
500,000 - 800,000
550,000 - 850,000
8%
VP / SVP
800,000 - 1,400,000
850,000 - 1,500,000
7%
MD
1,400,000+
1,500,000+
7%
360,000 - 540,000
395,000 - 560,000
6%
Compliance / Anti-Money Laundering
Analyst
Associate / Manager / AVP
500,000 - 940,000
560,000 - 980,000
7%
VP / SVP
920,000 - 1,700,000
980,000 - 1,800,000
6%
MD
1,700,000+
1,800,000+
Robert Half • 2015 Salary Guide
6%
11
HONG KONG
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
300,000 - 360,000
300,000 - 360,000
0%
FINANCE & ACCOUNTING / CONTROL
Management Reporting
Analyst
Associate / Manager / AVP
360,000 - 720,000
360,000 - 720,000
0%
VP / SVP
720,000 - 1,000,000
720,000 - 1,000,000
0%
MD
1,100,000+
1,100,000+
0%
Product Control
Analyst
360,000 - 420,000
360,000 - 420,000
0%
Associate / Manager / AVP
420,000 - 840,000
420,000 - 840,000
0%
VP / SVP
840,000 - 1,200,000
840,000 - 1,200,000
0%
MD
1,200,000+
1,200,000+
0%
Financial Control
Analyst
336,000 - 420,000
336,000 - 420,000
0%
Associate / Manager / AVP
420,000 - 900,000
420,000 - 900,000
0%
VP / SVP
840,000 - 1,200,000
840,000 - 1,200,000
0%
MD
1,200,000+
1,200,000+
0%
Treasury Accounting
Analyst
310,000 - 420,000
310,000 - 420,000
0%
Associate / Manager / AVP
430,000 - 780,000
430,000 - 780,000
0%
VP / SVP
840,000 - 1,100,000
840,000 - 1,100,000
0%
MD
1,200,000+
1,200,000+
0%
300,000 - 450,000
300,000 - 450,000
0%
450,000 - 1,000,000
12%
Tax
Analyst
Associate / Manager / AVP
450,000 - 840,000
VP / SVP
900,000 - 1,300,000
MD
1,300,000+
1,000,000 - 1,400,000
9%
1,400,000+
8%
Internal Audit
Analyst
315,000 - 450,000
315,000 - 450,000
0%
Associate / Manager / AVP
472,000 - 900,000
472,000 - 1,000,000
7%
VP / SVP
935,000 - 1,300,000
1,000,000 - 1,500,000
12%
1,500,000+
14%
MD
12
1,320,000+
Job Title
Salary Range
2014
Salary Range
2015
%
Change
Project Management
Analyst
300,000 - 420,000
300,000 - 420,000
0%
Associate / Manager / AVP
420,000 - 780,000
420,000 - 780,000
0%
VP / SVP
760,000 - 1,100,000
760,000 - 1,100,000
0%
MD
1,100,000+
1,100,000+
0%
OPERATIONS
Project Management
Analyst
240,000 - 396,000
240,000 - 396,000
0%
Associate / Manager / AVP
396,000 - 800,000
408,000 - 800,000
1%
VP / SVP
800,000 - 1,250,000
800,000 - 1,400,000
MD
1,300,000+
1,400,000+
7%
8%
Treasury Operations
Analyst
240,000 - 350,000
240,000 - 360,000
2%
Associate / Manager / AVP
350,000 - 620,000
360,000 - 620,000
1%
VP / SVP
620,000 - 950,000
620,000 - 960,000
1%
950,000+
960,000+
1%
MD
Middle Office / Trade Support (All Products)
Analyst
300,000 - 456,000
300,000 - 456,000
0%
Associate / Manager / AVP
450,000 - 750,000
450,000 - 750,000
0%
VP / SVP
750,000 - 1,150,000
750,000 - 1,300,000
8%
MD
1,300,000+
1,350,000+
4%
216,000 - 335,000
216,000 - 350,000
3%
Fund Accounting / Administrator
Analyst
Associate / Manager / AVP
330,000 - 575,000
350,000 - 575,000
2%
VP / SVP
575,000 - 900,000
575,000 - 1,000,000
7%
MD
1,050,000+
1,100,000+
5%
Client Services / Marketing Support
Analyst
300,000 - 456,000
300,000 - 456,000
0%
Associate / Manager / AVP
456,000 - 750,000
456,000 - 750,000
0%
VP / SVP
750,000 - 1,150,000
750,000 - 1,300,000
MD
1,300,000+
1,350,000+
Robert Half • 2015 Salary Guide
8%
4%
13
HONG KONG
Banking & Financial Services Salary Tables
Salary Range
2014
Salary Range
2015
%
Change
240,000 - 300,000
240,000 - 330,000
6%
Job Title
Equity Settlements / Fixed Income Settlements
Analyst
Associate / Manager / AVP
300,000 - 500,000
330,000 - 500,000
4%
VP / SVP
500,000 - 950,000
500,000 - 1,100,000
7%
MD
1,050,000+
1,100,000+
5%
Corporate Actions
Analyst
240,000 - 400,000
280,000 - 400,000
6%
Associate / Manager / AVP
340,000 - 600,000
400,000 - 600,000
6%
VP / SVP
600,000 - 1,000,000
600,000 - 1,100,000
6%
MD
1,050,000+
1,100,000+
5%
Documentation Specialist
Analyst
300,000 - 420,000
300,000 - 420,000
0%
Associate / Manager / AVP
400,000 - 700,000
400,000 - 700,000
0%
VP / SVP
600,000 - 1,150,000
600,000 - 1,150,000
0%
MD
1,150,000+
1,150,000+
0%
Loans Administrations / Documentations
Analyst
180,000 - 300,000
180,000 - 330,000
6%
Associate / Manager / AVP
300,000 - 500,000
330,000 - 500,000
4%
VP / SVP
500,000 - 765,000
500,000 - 800,000
3%
765,000+
800,000+
5%
MD
14
Technology Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
Analyst Programmer
240,000 - 480,000
240,000 - 480,000
0%
Application / Production Support Manager
450,000 - 1,000,000
550,000 - 1,000,000
7%
Architect (Applications, Solutions, Systems, Data)
800,000 - 1,000,000
800,000 - 1,000,000
0%
Back Office Application / Production Support
320,000 - 780,000
350,000 - 780,000
3%
Business Analyst
380,000 - 840,000
420,000 - 840,000
3%
Business Intelligence Specialist
360,000 - 960,000
360,000 - 960,000
0%
1,500,000+
1,600,000+
7%
380,000 - 780,000
380,000 - 780,000
0%
CIO / CTO
Data Warehousing Specialist
Database Administrator / Developer
320,000 - 780,000
360,000 - 780,000
4%
Desktop Analyst
260,000 - 540,000
265,000 - 540,000
1%
ERP Consultant
300,000 - 900,000
320,000 - 900,000
2%
10%
Front Office Application / Production Support
450,000 - 900,000
480,000 - 1,000,000
Helpdesk Analyst
240,000 - 540,000
240,000 - 540,000
0%
Helpdesk Lead / Manager
480,000 - 720,000
480,000 - 720,000
0%
Infrastructure Manager
480,000 - 960,000
480,000 - 1,000,000
3%
IT Auditor
450,000 - 840,000
480,000 - 1,000,000
15%
IT Manager
480,000 - 960,000
540,000 - 1,000,000
7%
16%
IT Security / IT Risk
480,000 - 800,000
480,000 - 1,000,000
Lead Software Developer
600,000 - 1,200,000
660,000 - 1,200,000
3%
Network Administrator
300,000 - 720,000
320,000 - 720,000
2%
Network Engineer
300,000 - 720,000
360,000 - 720,000
6%
Network Manager
600,000 - 960,000
660,000 - 960,000
4%
Programme Manager
720,000 - 1,400,000
780,000 - 1,400,000
3%
Project Coordinator
240,000 - 540,000
260,000 - 540,000
3%
Project Management Officer
240,000 - 540,000
260,000 - 540,000
3%
Project Manager
480,000 - 1,200,000
540,000 - 1,200,000
4%
Robert Half • 2015 Salary Guide
15
HONG KONG
Job Title
Salary Range
2014
Salary Range
2015
%
Change
Security Analyst / Consultant
360,000 - 840,000
450,000 - 840,000
8%
Senior Business Analyst
480,000 - 780,000
600,000 - 800,000
11%
Service Delivery Manager
480,000 - 960,000
480,000 - 960,000
0%
Software Development Manager
720,000 - 1,500,000
780,000 - 1,500,000
3%
Storage Consultant
360,000 - 720,000
360,000 - 720,000
0%
Systems Analyst
360,000 - 600,000
380,000 - 600,000
2%
Test / QA Lead / Manager
600,000 - 960,000
600,000 - 960,000
0%
Test / QA Analyst
300,000 - 720,000
300,000 - 720,000
0%
Trade Floor Support
360,000 - 540,000
380,000 - 540,000
2%
Unix Adminstrator
300,000 - 600,000
340,000 - 600,000
4%
Unix Manager
720,000 - 1,000,000
720,000 - 1,000,000
0%
Voice / Data / Telephony Engineer
300,000 - 600,000
320,000 - 600,000
2%
Windows Administrator
300,000 - 600,000
320,000 - 600,000
2%
16
Japan
Prime Minister Shinzo Abe’s ‘Abenomics’ continue
to favour the business sector, and the delay in
introducing a second consumption tax hike is likely
to support consumer sentiment. The recruitment
market is very active at present – both on the
candidate and employer side. A sense of optimism
is expected to carry over from 2014 into the current
year, and little or no slowdown is anticipated. With
Japanese companies increasingly looking to take
their businesses abroad, demand for bilingual talent
remains strong.
Finance & Accounting
Finance and accounting professionals in Japan
are increasingly called on to have strong
communication skills – not just in order to work
effectively with other departments, but also to
inform and persuade key stakeholders both
domestically and internationally.
39% of CFOs and finance leaders in Japan
surveyed plan to expand their finance and
accounting teams in the first half of 2015. For 52%
of businesses, this growth will be driven primarily by
new projects or initiatives.
Top reasons for recruiting
New projects / initiatives
52%
40%
Business growth or expansion (domestic)
38%
New market penetration
34%
Business growth or expansion (international)
33%
Product or service expansion
Source: Robert Half survey of 150 CFOs and finance leaders
(multiple responses permitted)
Robert Half • 2015 Salary Guide
17
JAPAN
Banking & Financial Services
CFO concerns
82%
82% of finance leaders say it is
challenging to find skilled finance
and accounting professionals
78%
78% are concerned about losing
top performers
Source: Robert Half survey of 150 CFOs and
finance leaders
Four in five CFOs (82%) report difficulty finding
quality finance and accounting professionals, and key
roles that are most difficult to fill include business and
financial analysis, and accounting professionals.
There continues to be strong demand for
finance and accounting professionals within the
pharmaceutical, healthcare and IT sectors.
Faced with intense competition for quality candidates,
59% of CFOs in Japan expect to increase salaries for
their finance and accounting teams this year. 47% of
CFOs also plan to increase bonuses.
As quality professionals look for and seize new
opportunities, businesses need to meet new
retention challenges – looking beyond salaries to
create a positive work culture and offer a healthy
work-life balance.
The hiring market for banking and financial
services professionals is very strong in Japan at
present. In this environment, top talent is likely to
receive multiple offers and prompt action will be
the key to secure the best people.
Almost two out of five (37%) business leaders in
Japan plan to expand their financial services teams
in the first half of 2015.
Financial services leadership concerns
96%
96% of business leaders are
challenged to find quality
financial services professionals
89%
89% are concerned about losing
top people
Source: Robert Half survey of 150 financial services business
leaders
Top reasons for recruiting
New projects / initiatives
52%
48%
Business growth or expansion (domestic)
37%
Product or service expansion
34%
59% of Japan finance leaders
expect to increase salaries, and
47% plan to increase bonuses
New market penetration
28%
Business growth or expansion (international)
Source: Robert Half survey of 150 financial services business
leaders (multiple responses permitted)
18
The roles experiencing greatest demand involve
valuation, product control, regulatory, audit and
actuary, cross-border M&A and transfer pricing.
Along with experience, companies are looking for
JGAAP in securities, finance modelling, regulatory
reporting and business audit skills.
In order to attract and retain top talent, many
are increasing salaries and bonuses. Half (51%)
of Japan financial services leaders will increase
salaries for their financial services team, while two
in four firms (39%) will increase bonuses this year.
The industries showing the most significant demand
for IT professionals include technology consultancies,
vendors and integrators, e-commerce, insurance,
pharmaceutical, banking and retail.
Top reasons for recruiting
New projects / initiatives
50%
39%
Business growth or expansion (domestic)
39%
Product or service expansion
32%
51% of financial services leaders
plan to increase salaries, and
39% will be increasing bonuses
Systems upgrades
25%
Business growth or expansion (international)
Source: Robert Half survey of 100 CIOs (multiple
responses permitted)
Technology
If the current IT hiring market in Japan could be
summed up in a single word, that would be ‘positive’.
Without a doubt, the market is the most buoyant
we have seen since the collapse of the financial
markets in late 2008. Businesses must be flexible in
order secure the best available talent in the market
– they can recruit opportunistically and be flexible
with expectations when it comes to salary, age and
industry experience.
One in four (23%) CIOs in Japan plan to expand
their IT teams in H1 2015. Recruitment intentions are
being bolstered by new projects and domestic business
expansions. Nonetheless, attracting and retaining
quality IT talent remains a challenge this year.
Demand is strong for candidates with proven
experience in data analytics, mobility services,
online/digital and technical front office securities.
CIO concerns
76%
76% of CIOs in Japan say it is challenging
to recruit skilled IT professionals
77% are concerned about losing
top performers in the year ahead
77%
Source: Robert Half survey of 100 CIOs
According to Japan CIOs,
47% plan to increase salaries,
and 31% also plan to
increase bonuses
Robert Half • 2015 Salary Guide
19
JAPAN
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
ACCOUNTING
Accountant
S/M
3,900,000 - 6,500,000
4,000,000 - 6,500,000
1%
L
4,500,000 - 7,500,000
5,000,000 - 7,500,000
4%
S/M
5,400,000 - 8,000,000
5,500,000 - 8,000,000
1%
L
6,400,000 - 8,500,000
6,500,000 - 8,500,000
1%
Manager
S/M
6,800,000 - 11,000,000
7,000,000 - 11,000,000
1%
L
7,800,000 - 12,000,000
8,000,000 - 12,000,000
1%
Controller / Director
L
11,500,000 - 20,000,000
12,000,000 - 20,000,000
2%
Senior Accountant
ACCOUNTS PAYABLE / RECEIVABLE
Clerk
Manager
S/M
3,000,000 - 5,000,000
3,000,000 - 5,000,000
0%
L
3,500,000 - 5,000,000
3,500,000 - 5,000,000
0%
S/M
5,500,000 - 9,000,000
5,500,000 - 9,000,000
0%
L
6,000,000 - 10,000,000
6,000,000 - 10,000,000
0%
L
8,800,000 - 13,000,000
9,000,000 - 13,000,000
1%
L
5,800,000 - 14,000,000
6,100,000 - 14,000,000
2%
CREDIT
Manager
EXTERNAL AUDIT
External Auditor
FINANCE
Manager
Controller
CFO / Finance Director
S/M
7,400,000 - 12,500,000
7,500,000 - 12,500,000
1%
L
7,800,000 - 14,000,000
8,000,000 - 14,000,000
1%
S/M
8,000,000 - 13,000,000
8,200,000 - 13,000,000
1%
L
9,000,000 - 15,000,000
9,200,000 - 15,000,000
1%
S/M
9,800,000 - 15,000,000
10,000,000 - 15,000,000
1%
16,500,000 - 30,000,000
17,000,000 - 30,000,000
1%
L
* Small companies: S < ¥10 billion
Midsize companies: ¥10 billion ≤ M ≤ ¥50 billion
Large companies: > ¥50 billion
20
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
FINANCIAL PLANNING & ANALYSIS
Analyst
Manager
Director
S/M
4,500,000 - 8,000,000
5,000,000 - 8,000,000
4%
L
5,500,000 - 9,500,000
6,000,000 - 10,000,000
7%
S/M
7,900,000 - 12,000,000
8,000,000 - 12,000,000
1%
L
8,800,000 - 15,000,000
9,000,000 - 15,000,000
1%
L
14,500,000 - 22,000,000
15,000,000 - 22,000,000
1%
L
5,350,000 - 15,000,000
5,500,000 - 15,000,000
1%
L
6,700,000 - 20,000,000
7,000,000 - 20,000,000
1%
L
6,800,000 - 20,000,000
7,000,000 - 20,000,000
1%
INTERNAL AUDIT
Internal Auditor
TAX
Manager
TREASURY
Treasurer
Robert Half • 2015 Salary Guide
21
JAPAN
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
6,200,000 - 11,000,000
6,200,000 - 11,000,000
0%
RISK
Compliance
Analyst
Associate / Manager / AVP
10,000,000 - 14,800,000
11,000,000 - 15,000,000
5%
VP
14,000,000 - 23,000,000
15,000,000 - 23,000,000
3%
SVP / Director
23,000,000 - 27,000,000
23,000,000 - 27,000,000
0%
Managing Director
27,000,000 - 40,000,000
27,000,000 - 40,000,000
0%
5,000,000 - 7,000,000
5,000,000 - 7,000,000
0%
Credit Risk
Analyst
7,500,000 - 13,000,000
7,500,000 - 13,000,000
0%
VP
Associate / Manager / AVP
13,000,000 - 19,000,000
13,000,000 - 19,000,000
0%
SVP / Director
19,000,000 - 24,000,000
19,000,000 - 24,000,000
0%
Managing Director
24,000,000 - 32,500,000
24,000,000 - 32,500,000
0%
5,000,000 - 7,500,000
5,000,000 - 7,500,000
0%
Market Risk
Analyst
7,000,000 - 13,000,000
7,500,000 - 13,000,000
3%
VP
12,000,000 - 19,000,000
13,000,000 - 19,000,000
3%
SVP / Director
19,000,000 - 24,000,000
19,000,000 - 24,000,000
0%
Managing Director
24,000,000 - 32,500,000
24,000,000 - 32,500,000
0%
Associate / Manager / AVP
Operational Risk
Analyst
5,150,000 - 7,500,000
5,150,000 - 7,500,000
0%
Associate / Manager / AVP
7,000,000 - 12,500,000
7,500,000 - 13,000,000
5%
VP
12,000,000 - 17,500,000
13,000,000 - 17,500,000
3%
SVP / Director
17,500,000 - 20,000,000
17,500,000 - 20,000,000
0%
22
Job Title
Salary Range
2014
Salary Range
2015
%
Change
5,040,000 - 7,650,000
5,040,000 - 8,000,000
3%
FINANCE
Finance Projects
Analyst
8,000,000 - 12,500,000
8,020,000 - 13,300,000
4%
VP
12,500,000 - 19,300,000
13,200,000 - 19,300,000
2%
SVP / Director
19,400,000 - 22,800,000
19,400,000 - 22,800,000
0%
Managing Director
22,300,000 - 28,500,000
22,300,000 - 28,500,000
0%
6,000,000 - 8,000,000
6,000,000 - 8,000,000
0%
Associate / Manager / AVP
Financial Control
Analyst
8,000,000 - 13,000,000
8,000,000 - 14,000,000
5%
VP
Associate / Manager / AVP
13,000,000 - 17,500,000
14,000,000 - 18,000,000
5%
SVP / Director
18,000,000 - 24,500,000
18,000,000 - 24,500,000
0%
Managing Director
25,000,000 - 31,000,000
25,000,000 - 31,000,000
0%
6,040,000 - 10,200,000
6,040,000 - 10,200,000
0%
Internal Audit
Analyst
9,000,000 - 13,300,000
9,000,000 - 14,000,000
3%
VP
13,000,000 - 20,000,000
14,000,000 - 20,000,000
3%
SVP / Director
20,000,000 - 24,000,000
20,000,000 - 24,000,000
0%
Managing Director
24,000,000 - 35,000,000
24,000,000 - 35,000,000
0%
Associate / Manager / AVP
Management Reporting
Analyst
6,000,000 - 8,000,000
6,000,000 - 8,000,000
0%
Associate / Manager / AVP
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
VP
14,000,000 - 18,000,000
14,000,000 - 18,000,000
0%
SVP / Director
18,000,000 - 25,000,000
18,000,000 - 25,000,000
0%
6,000,000 - 8,000,000
6,000,000 - 8,000,000
0%
Tax
Analyst
8,000,000 - 14,000,000
8,000,000 - 14,000,000
0%
VP
Associate / Manager / AVP
14,000,000 - 18,000,000
14,000,000 - 18,000,000
0%
SVP / Director
18,000,000 - 21,000,000
18,000,000 - 21,000,000
0%
Managing Director
22,000,000 - 30,000,000
22,000,000 - 30,000,000
0%
Robert Half • 2015 Salary Guide
23
JAPAN
Banking & Financial Services Salary Tables
Salary Range
2014
Salary Range
2015
%
Change
5,000,000 - 7,500,000
5,000,000 - 7,500,000
0%
Job Title
FINANCIAL ADVISORY AND CONSULTING
Financial Advisory and Consulting
Associate
Senior Associate
7,500,000 - 9,500,000
7,500,000 - 9,500,000
0%
Manager
9,500,000 - 12,000,000
9,500,000 - 12,000,000
0%
12,000,000 - 14,000,000
12,000,000 - 14,000,000
0%
Senior Manager / Vice President
Director
14,000,000 - 18,000,000
14,000,000 - 18,000,000
0%
Partner
18,000,000 - 30,000,000
18,000,000 - 30,000,000
0%
Management Consulting
Consultant
5,000,000 - 7,500,000
5,000,000 - 7,500,000
0%
Senior Consultant
7,500,000 - 9,500,000
7,500,000 - 9,500,000
0%
Manager
9,500,000 - 12,000,000
9,500,000 - 12,000,000
0%
Senior Manager / Vice President
12,000,000 - 14,000,000
12,000,000 - 14,000,000
0%
Director
14,000,000 - 18,000,000
14,000,000 - 18,000,000
0%
Partner
18,000,000 - 30,000,000
18,000,000 - 30,000,000
0%
OPERATIONS AND MIDDLE OFFICE
Operations
Analyst
5,000,000 - 7,000,000
5,000,000 - 7,000,000
0%
Associate / Manager / AVP
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
VP
14,000,000 - 18,000,000
14,000,000 - 18,000,000
0%
SVP / Director
18,000,000 - 22,000,000
18,000,000 - 22,000,000
0%
Managing Director
20,000,000 - 30,000,000
20,000,000 - 30,000,000
0%
24
Technology Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
Application Development Manager
12,000,000 - 18,000,000
12,000,000 - 18,000,000
0%
6,000,000 - 14,000,000
7,000,000 - 14,000,000
5%
10,000,000 - 18,000,000
12,000,000 - 18,000,000
7%
Application Support
Architect (Applications, Solutions, Systems,
Data, Infrastructure)
%
Change
Business Analyst
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
Change Manager
8,000,000 - 14,000,000
10,000,000 - 14,000,000
9%
Client Relationship Manager / Account
Manager
10,000,000 - 20,000,000
10,000,000 - 20,000,000
0%
Data Analytics / Business Intelligence /
Modelling Specialist
8,000,000 - 14,000,000
8,000,000 - 18,000,000
18%
Data Center Manager
8,000,000 - 15,000,000
9,000,000 - 15,000,000
4%
Database Administrator
7,000,000 - 13,000,000
7,000,000 - 13,000,000
0%
Developer / Software Engineer
6,000,000 - 14,000,000
6,000,000 - 15,000,000
5%
13%
Digital Marketing / CRM
8,000,000 - 15,000,000
8,000,000 - 18,000,000
E-Commerce Specialist
8,000,000 - 14,000,000
8,000,000 - 15,000,000
5%
14,000,000 - 20,000,000
14,000,000 - 20,000,000
0%
Enterprise Architect
ERP Consultant
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
Front Office Developer (Banking)
8,000,000 - 18,000,000
8,000,000 - 18,000,000
0%
Helpdesk / Desktop Support
4,500,000 - 9,000,000
5,000,000 - 9,000,000
4%
Helpdesk Manager
7,000,000 - 12,000,000
7,000,000 - 12,000,000
0%
Implementation Consultant
7,000,000 - 12,000,000
7,000,000 - 12,000,000
0%
Infrastructure / Operations Manager
8,000,000 - 18,000,000
8,000,000 - 18,000,000
0%
IT Audit / IT Security / IT Risk
IT Director / Chief Information Officer
Network Support / Engineer
Pre-sales / Sales Engineer / Solutions Engineer
8,000,000 - 15,000,000
8,000,000 - 16,000,000
4%
12,000,000 - 35,000,000
12,000,000 - 40,000,000
11%
7,000,000 - 11,500,000
8,000,000 - 12,000,000
8%
7,000,000 - 15,000,000
9,000,000 - 16,000,000
14%
Professional Services Manager / Director
12,000,000 - 24,000,000
15,000,000 - 25,000,000
11%
Programme Manager
12,000,000 - 22,000,000
12,000,000 - 22,000,000
0%
6,000,000 - 10,000,000
6,000,000 - 10,000,000
0%
Project Coordinator
Robert Half • 2015 Salary Guide
25
JAPAN
Technology Salary Tables
Job Title
Project Manager / Senior Project Manager
Salary Range
2014
Salary Range
2015
%
Change
8,000,000 - 18,000,000
8,000,000 - 18,000,000
0%
15,000,000 - 35,000,000
18,000,000 - 40,000,000
16%
Sales Representative
(ERP / Software / Solution / Infrastructure)
7,000,000 - 18,000,000
8,000,000 - 20,000,000
12%
Sales / Business Development Director
Service Delivery Manager
9,000,000 - 18,000,000
9,000,000 - 18,000,000
0%
System Administrator
(Wintel / Network / Database)
5,000,000 - 11,000,000
5,000,000 - 11,000,000
0%
Systems Analyst / Technical Business Analyst
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
Technical Account Manager / Customer
Success Manager
7,000,000 - 11,000,000
7,000,000 - 12,000,000
6%
Technical Consultant (ERP)
7,000,000 - 14,000,000
7,000,000 - 14,000,000
0%
Testing / Quality Assurance Analyst
6,000,000 - 11,000,000
7,000,000 - 12,000,000
12%
26
Singapore
Singapore’s business environment remains
competitive though the Fair Consideration
Framework legislation may have an impact on
businesses and their hiring strategies. Companies
are placing emphasis on top quality candidates –
hiring the ‘right’ person for the job and developing
talent from within the organisation.
Finance & Accounting
While companies are taking a cautiously optimistic
approach to expanding their finance and
accounting teams in the first half of 2015, there
is an increased focus on the quality of hires and
emphasis on recruiting strategic decision-makers
and key talent.
The majority of CFOs (94%) report difficulty
recruiting quality finance and accounting
professionals, and key roles that are most difficult
to fill include accounting and financial planning
and analysis (FP&A) professionals.
Top reasons for recruiting
59%
New projects / initiatives
58%
Business growth or expansion (domestic)
49%
Business growth or expansion (international)
43%
Product or service expansion
39%
New market penetration
Source: Robert Half survey of 150 CFOs and finance leaders
(multiple responses permitted)
75% of Singapore finance
leaders expect to increase
salaries, and a further 51%
plan to increase bonuses
Robert Half • 2015 Salary Guide
27
SINGAPORE
CFO concerns
Financial services leadership concerns
100%
94%
94% of finance leaders say it is
challenging to find skilled quality
finance and accounting professionals
100% of business leaders are
challenged to find quality financial
services professionals
100%
89%
89% of finance leaders are concerned
about losing top people
100% of business leaders are concerned
about losing top financial services professionals
Source: Robert Half survey of 150 CFOs and
finance leaders
Source: Robert Half survey of 150 financial services business
leaders
Demand is especially healthy for finance and
accounting professionals within the consumer
goods, oil and gas, business services, laboratory,
scientific instruments and medical devices sectors.
Top reasons for recruiting
Remuneration continues to be important in
attracting and retaining quality finance and
accounting professionals. 75% of CFOs in
Singapore expect to increase salaries for their
finance and accounting teams this year. One in
two (51%) CFOs also plan to increase bonuses.
New market penetration
Banking & Financial Services
Our Robert Half recruitment team is seeing
significant movement among banking and financial
services professionals as talent switches between
different employers. Banks and financial services
companies today face equally great challenges in
finding and retaining top talent.
Banks that are looking to generate higher revenues
will bolster demand for private banking, corporate
banking and asset management professionals,
while demand continues to be robust for quality
candidates with a proven track record in risk and
compliance, internal audit and regulatory reporting.
Along with experience, firms are looking for excellent
communication and business partnering skills, and
the ability to work with offshore staff members.
28
54%
New projects / initiatives
50%
50%
Business growth or expansion (domestic)
47%
Product or service expansion
42%
Business growth or expansion (international)
Source: Robert Half survey of 150 financial services business
leaders (multiple responses permitted)
64% of financial services
leaders plan to increase
salaries, and 49% will be
increasing bonuses
Technology
Top reasons for IT team expansion
Highlighting opportunities in Singapore’s IT sector,
50% of CIOs plan to expand their teams in H1
2015. Recruitment intentions are being bolstered
by new projects and new market penetration.
Many organisations across insurance, wealth,
asset management, banking, retail, consumer
goods, automotive, logistics, pharmaceutical,
IT & telecommunications are looking to hire IT
professionals in 2015. Demand is buoyant for
candidates with proven experience in change
management, business and project analysis,
program management and solutions architecture.
Many IT professionals are being lured by the
potential reward that other companies afford,
and business and technology leaders are paying
competitively to attract, recruit and retain the top
talent the industry has to offer.
According to Singapore CIOs,
65% plan to increase salaries
and 36% also plan to increase
bonuses
64%
New projects / initiatives
38%
New market penetration
34%
Business growth or expansion (domestic)
33%
Product or service expansion
33%
Business growth or expansion (international)
29%
Systems upgrades
26%
Moving to cloud-based infrastructure
Source: Robert Half survey of 100 CIOs (multiple
responses permitted)
Highly sought-after
technology skills
CRM
Security
Cloud
Mobile
Digital
Office 365
CIO concerns
98%
98% of CIOs find it challenging
to recruit skilled IT professionals
95% of CIOs are concerned about
losing top performers in 2015
95%
Source: Robert Half survey of 100 CIOs
Robert Half • 2015 Salary Guide
29
SINGAPORE
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
ACCOUNTING / FINANCE MANAGEMENT
Accountant
Senior Accountant
S/M
44,000 - 57,000
45,000 - 58,000
2%
L
55,000 - 65,000
56,000 - 67,000
3%
S/M
63,000 - 87,000
65,000 - 88,000
2%
L
75,000 - 92,000
75,000 - 95,000
2%
Manager
S/M
81,000 - 98,000
82,000 - 100,000
2%
96,000 - 145,000
100,000 - 145,000
2%
Finance Controller
S/M
125,000 - 195,000
130,000 - 200,000
3%
L
170,000 - 275,000
175,000 - 280,000
2%
L
Finance Director / VP Finance
CFO
S/M
165,000 - 220,000
170,000 - 220,000
1%
L
215,000 - 400,000
225,000 - 400,000
2%
S/M
170,000 - 250,000
180,000 - 250,000
2%
L
220,000 - 450,000
220,000 - 480,000
4%
ACCOUNTS PAYABLE / RECEIVABLE
Analyst / Specialist
Controller / Manager
S/M
48,000 - 60,000
50,000 - 60,000
2%
L
55,000 - 75,000
55,000 - 78,000
2%
S/M
65,000 - 88,000
68,000 - 90,000
3%
L
82,000 - 108,000
85,000 - 110,000
3%
COST ACCOUNTING
Accountant / Analyst
Manager
S/M
44,000 - 56,000
45,000 - 56,000
1%
L
54,000 - 65,000
55,000 - 65,000
1%
S/M
75,000 - 90,000
75,000 - 92,000
1%
L
92,000 - 125,000
95,000 - 128,000
3%
* Small companies: S < S$200 million
Midsize companies: S$200 million ≤ M ≤ S$500 million
Large companies: L > S$500 million
30
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
CREDIT
Controller / Analyst
Head of Credit
S/M
66,000 - 88,000
68,000 - 90,000
3%
L
82,000 - 110,000
85,000 - 110,000
2%
S/M
108,000 - 135,000
110,000 - 135,000
1%
L
165,000 - 200,000
165,000 - 210,000
3%
FINANCIAL PLANNING & ANALYSIS / BUSINESS ANALYSIS
Analyst
Senior Analyst / Manager
Director
S/M
42,000 - 60,000
45,000 - 60,000
3%
L
60,000 - 88,000
65,000 - 90,000
5%
S/M
82,000 - 98,000
85,000 - 100,000
3%
L
85,000 - 145,000
90,000 - 150,000
4%
L
165,000 - 280,000
170,000 - 280,000
1%
72,000 - 100,000
75,000 - 100,000
2%
INTERNAL AUDIT
Auditor
S/M
90,000 - 110,000
93,000 - 112,000
3%
Manager
S/M
115,000 - 170,000
117,000 - 172,000
1%
L
140,000 - 200,000
145,000 - 200,000
1%
L
170,000 - 290,000
175,000 - 300,000
3%
L
Director
PAYROLL
Specialist
Manager
S/M
58,000 - 80,000
58,000 - 85,000
4%
L
70,000 - 100,000
75,000 - 100,000
3%
S/M
88,000 - 125,000
90,000 - 125,000
1%
115,000 - 170,000
117,000 - 170,000
1%
L
Robert Half • 2015 Salary Guide
31
SINGAPORE
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
RISK / COMPLIANCE
Manager
S/M
L
Director
95,000 - 120,000
95,000 - 125,000
2%
105,000 - 150,000
105,000 - 160,000
4%
S/M
125,000 - 180,000
130,000 - 180,000
2%
L
150,000 - 200,000
155,000 - 200,000
1%
TAX
Analyst / Specialist
Manager
Director
S/M
60,000 - 90,000
60,000 - 95,000
3%
L
72,000 - 100,000
75,000 - 105,000
5%
95,000 - 160,000
100,000 - 170,000
6%
L
S/M
105,000 - 175,000
110,000 - 180,000
4%
L
180,000 - 360,000
190,000 - 360,000
2%
70,000 - 88,000
72,000 - 90,000
3%
TREASURY
Accountant
S/M
88,000 - 110,000
90,000 - 115,000
4%
Manager
S/M
108,000 - 135,000
110,000 - 140,000
3%
L
130,000 - 172,000
135,000 - 180,000
4%
L
180,000 - 260,000
185,000 - 270,000
3%
L
Director
* Small companies: S < S$200 million
Midsize companies: S$200 million ≤ M ≤ S$500 million
Large companies: L > S$500 million
32
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
50,000 - 75,000
55,000 - 75,000
4%
RISK
Compliance / Anti-Money Laundering
Analyst
Associate / Manager / AVP
VP
SVP / MD
60,000 - 155,000
70,000 - 155,000
5%
150,000 - 240,000
160,000 - 250,000
5%
220,000+
230,000+
5%
Credit Risk
Analyst
45,000 - 70,000
50,000 - 70,000
4%
Associate / Manager / AVP
55,000 - 130,000
62,000 - 135,000
6%
120,000 - 200,000
140,000 - 200,000
6%
200,000+
210,000+
5%
VP
SVP / MD
Market Risk
Analyst
50,000 - 90,000
55,000 - 90,000
4%
Associate / Manager / AVP
80,000 - 140,000
90,000 - 140,000
5%
140,000 - 220,000
155,000 - 220,000
4%
200,000+
210,000+
5%
VP
SVP / MD
Operational Risk
Analyst
50,000 - 70,000
55,000 - 70,000
4%
Associate / Manager / AVP
60,000 - 140,000
70,000 - 140,000
5%
120,000 - 220,000
135,000 - 220,000
4%
220,000+
230,000+
5%
40,000 - 70,000
43,000 - 70,000
3%
VP
SVP / MD
Risk Management
Analyst
Associate / Manager / AVP
VP
SVP / MD
60,000 - 140,000
65,000 - 140,000
3%
120,000 - 200,000
128,000 - 200,000
3%
200,000+
205,000+
3%
Project Management
Analyst
45,000 - 80,000
49,000 - 80,000
3%
Associate / Manager / AVP
80,000 - 130,000
85,000 - 132,000
3%
130,000 - 220,000
136,000 - 220,000
2%
200,000+
205,000+
3%
VP
SVP / MD
Robert Half • 2015 Salary Guide
33
SINGAPORE
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
60,000 - 80,000
64,000 - 80,000
3%
FINANCE & ACCOUNTING / CONTROL
Financial Control
Analyst
Associate / Manager / AVP
VP
SVP / MD
80,000 - 130,000
86,000 - 130,000
3%
130,000 - 170,000
138,000 - 170,000
3%
160,000+
165,000+
3%
Internal Audit
Analyst
50,000 - 80,000
54,000 - 80,000
3%
Associate / Manager / AVP
72,000 - 140,000
78,000 - 140,000
3%
125,000 - 200,000
135,000 - 200,000
3%
180,000+
185,000+
3%
VP
SVP / MD
Management Reporting
Analyst
45,000 - 80,000
49,000 - 80,000
3%
Associate / Manager / AVP
70,000 - 130,000
75,000 - 130,000
3%
120,000 - 160,000
127,000 - 160,000
3%
150,000+
155,000+
3%
VP
SVP / MD
Product Control
Analyst
40,000 - 75,000
42,000 - 75,000
2%
Associate / Manager / AVP
70,000 - 120,000
73,000 - 120,000
2%
115,000 - 150,000
120,000 - 150,000
2%
150,000+
153,000+
2%
50,000 - 80,000
53,000 - 80,000
2%
VP
SVP / MD
Project Management
Analyst
Associate / Manager / AVP
VP
SVP / MD
75,000 - 130,000
80,000 - 130,000
2%
120,000 - 180,000
125,000 - 180,000
2%
210,000+
215,000+
2%
Tax
Analyst
45,000 - 90,000
50,000 - 90,000
4%
Associate / Manager / AVP
80,000 - 140,000
88,000 - 140,000
4%
140,000 - 200,000
152,000 - 200,000
4%
180,000+
187,000+
4%
VP
SVP / MD
34
Job Title
Salary Range
2014
Salary Range
2015
%
Change
50,000 - 76,000
52,000 - 76,000
2%
Treasury Accounting
Analyst
Associate / Manager / AVP
VP
72,000 - 123,000
75,000 - 123,000
2%
115,000 - 185,000
120,000 - 185,000
2%
185,000+
188,000+
2%
SVP / MD
OPERATIONS
Client Services / Marketing Support
Analyst
40,000 - 65,000
42,000 - 65,000
2%
Associate / Manager / AVP
65,000 - 100,000
68,000 - 100,000
2%
100,000 - 160,000
105,000 - 160,000
2%
175,000+
176,000+
1%
40,000 - 60,000
40,000 - 60,000
0%
VP
SVP / MD
Corporate Actions
Analyst
Associate / Manager / AVP
VP
60,000 - 108,000
60,000 - 108,000
0%
100,000 - 160,000
100,000 - 160,000
0%
175,000+
175,000+
0%
36,000 - 60,000
36,000 - 60,000
0%
SVP / MD
Documentation Specialist
Analyst
Associate / Manager / AVP
VP
60,000 - 100,000
60,000 - 100,000
0%
100,000 - 160,000
100,000 - 160,000
0%
175,000+
175,000+
0%
SVP / MD
Equity Settlements / Fixed Income Settlements
Analyst
38,000 - 60,000
38,000 - 60,000
0%
Associate / Manager / AVP
60,000 - 100,000
60,000 - 100,000
0%
100,000 - 160,000
100,000 - 160,000
0%
175,000+
175,000+
0%
VP
SVP / MD
Fund Accounting / Administrator
Analyst
40,000 - 60,000
40,000 - 60,000
0%
Associate / Manager / AVP
60,000 - 100,000
60,000 - 100,000
0%
100,000 - 160,000
100,000 - 160,000
0%
175,000+
175,000+
0%
VP
SVP / MD
Robert Half • 2015 Salary Guide
35
SINGAPORE
Banking & Financial Services Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
36,000 - 65,000
36,000 - 65,000
0%
Loans Administrations / Documentations
Analyst
Associate / Manager / AVP
VP
SVP / MD
60,000 - 110,000
60,000 - 110,000
0%
110,000 - 160,000
110,000 - 160,000
0%
160,000+
160,000+
0%
Middle Office / Trade Support (All Products)
Analyst
40,000 - 60,000
42,000 - 60,000
2%
Associate / Manager / AVP
60,000 - 110,000
62,000 - 110,000
1%
100,000 - 160,000
105,000 - 160,000
2%
175,000+
176,000+
1%
VP
SVP / MD
Pricing Analyst
Analyst
40,000 - 60,000
40,000 - 60,000
0%
Associate / Manager / AVP
60,000 - 100,000
60,000 - 100,000
0%
100,000 - 160,000
100,000 - 160,000
0%
175,000+
175,000+
0%
VP
SVP / MD
Project Management
Analyst
36,000 - 60,000
38,000 - 60,000
2%
Associate / Manager / AVP
60,000 - 100,000
62,000 - 100,000
1%
100,000 - 150,000
105,000 - 150,000
2%
165,000+
166,000+
1%
40,000 - 60,000
42,000 - 60,000
2%
VP
SVP / MD
Treasury Operations
Analyst
Associate / Manager / AVP
VP
SVP / MD
36
60,000 - 100,000
62,000 - 100,000
1%
100,000 - 150,000
102,000 - 150,000
1%
165,000+
166,000+
1%
Job Title
Salary Range
2014
Salary Range
2015
%
Change
50,000 - 90,000
54,000 - 90,000
3%
FRONT OFFICE
Corporate Finance / M&A
Analyst
Associate / Manager / AVP
VP
SVP / MD
86,000 - 140,000
92,000 - 140,000
3%
140,000 - 250,000
148,000 - 250,000
2%
250,000+
255,000+
2%
Dealer
Analyst
36,000 - 90,000
40,000 - 90,000
3%
Associate / Manager / AVP
80,000 - 120,000
85,000 - 120,000
3%
120,000 - 200,000
125,000 - 200,000
2%
240,000+
245,000+
2%
VP
SVP / MD
Insurance
Analyst
36,000 - 80,000
41,000 - 80,000
4%
Associate / Manager / AVP
80,000 - 120,000
87,000 - 120,000
4%
120,000 - 200,000
130,000 - 200,000
3%
200,000+
208,000+
4%
VP
SVP / MD
Investment Advisory / Research Analyst
Analyst
50,000 - 85,000
54,000 - 85,000
3%
Associate / Manager / AVP
80,000 - 135,000
85,000 - 135,000
2%
120,000 - 220,000
130,000 - 220,000
3%
220,000+
225,000+
2%
42,000 - 85,000
48,000 - 85,000
5%
VP
SVP / MD
Relationship Manager (Wholesale Banking)
Analyst
Associate / Manager / AVP
VP
SVP / MD
85,000 - 125,000
95,000 - 125,000
5%
120,000 - 220,000
133,000 - 220,000
4%
220,000+
230,000+
5%
Robert Half • 2015 Salary Guide
37
SINGAPORE
Technology Salary Tables
Job Title
Salary Range
2014
Salary Range
2015
%
Change
Application Analyst
55,000 - 130,000
55,000 - 130,000
0%
Application Manager
90,000 - 220,000
100,000 - 220,000
3%
Architect (Applications, Solutions, Systems, Data)
90,000 - 220,000
100,000 - 220,000
3%
Business Analyst
72,000 - 120,000
75,000 - 140,000
12%
Developer
60,000 - 160,000
60,000 - 160,000
0%
135,000 - 280,000
140,000 - 300,000
6%
Helpdesk Manager
75,000 - 150,000
75,000 - 150,000
0%
IT Audit / IT Risk
75,000 - 120,000
80,000 - 140,000
13%
ERP Manager
140,000 - 320,000
160,000 - 320,000
4%
IT Manager
90,000 - 180,000
100,000 - 180,000
4%
Network / Infrastructure Manager
90,000 - 170,000
90,000 - 170,000
0%
IT Director / Chief Information Officer
60,000 - 120,000
60,000 - 120,000
0%
Pre-sales / Post-sales (ERP / Software /
Cloud / Infrastructure)
Network Engineer
180,000 - 350,000
180,000 - 400,000
9%
Programme Manager
140,000 - 300,000
140,000 - 300,000
0%
Project Management Officer
Project Manager
Sales / Business Development Manager / Director
Security Analyst / Consultant
Senior Business Analyst
Support Analyst
72,000 - 200,000
80,000 - 200,000
3%
100,000 - 220,000
100,000 - 220,000
0%
60,000 - 230,000
70,000 - 250,000
10%
55,000 - 135,000
70,000 - 135,000
8%
140,000 - 220,000
140,000 - 220,000
0%
50,000 - 120,000
50,000 - 120,000
0%
Systems Analyst
60,000 - 120,000
60,000 - 120,000
0%
Test Analyst
60,000 - 120,000
60,000 - 120,000
0%
Test Manager
90,000 - 200,000
110,000 - 200,000
7%
38
Shanghai
A broad range of firms are seeking to gain a
foothold in the Chinese market, and this is driving
demand for quality candidates. Any major issues
that impact the global economy will also affect
China, but at this stage there are no signs of
recruitment growth abating.
Top reasons for recruiting
Finance & Accounting
New market penetration
47%
New projects / initiatives
46%
Business growth or expansion (domestic)
41%
As a measure of confidence, 92% of CFOs and
finance leaders in Shanghai are confident that
China’s economy will expand this year. The same
proportion (92%) are confident that their business
will achieve growth in 2015 – a figure that rises to
100% for medium-sized firms.
41%
Product or service expansion
37%
Business growth or expansion (international)
Source: Robert Half survey of 100 CFOs and finance leaders
(multiple responses permitted)
Almost three in five (59%) of CFOs expect to
expand their finance and accounting teams in
the first half of 2015. This recruitment activity is
driven by new projects, as well as domestic and
international business expansion.
Robert Half • 2015 Salary Guide
39
SHANGHAI
CFO concerns
Businesses in Shanghai are
actively competing for top
talent in the finance and
accounting space
Industries driving demand for finance and
accounting professionals in Shanghai include
retail, healthcare and manufacturing, and these
companies are on the look out for experienced
and qualified financial analysts, financial
planning and analysis (FP&A) managers and
accounting managers.
According to CFOs surveyed in Shanghai, the vast
majority (94%) report challenges finding quality
finance and accounting professionals.
94%
94% of finance leaders are
challenged to find quality finance
and accounting professionals
90%
90% of finance leaders are concerned
about losing top people
Source: Robert Half survey of 100 CFOs and
finance directors
While companies continue to face intense
competition for top talent with proven specialist
skills this year, employers are also adopting a
strategy to control costs which impacts their hiring
and remuneration plans. In this hiring environment,
candidates need to look beyond salaries and
evaluate their career options with other important
criteria, such as training and development, and
consider how their career can benefit long term from
taking on a role.
For finance and accounting professionals working
and looking to grow their careers in Shanghai,
high-quality presentation skills and good English –
plus the ability to connect with a global team – are
critical to career success.
92% of CFOs and finance
leaders in Shanghai are
confident that China’s
economy will expand this year
40
Finance & Accounting Salary Tables
Job Title
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
S/M
120,000 - 234,000
120,000 - 240,000
2%
L
120,000 - 280,000
120,000 - 280,000
0%
ACCOUNTING
Senior Accountant / AP or
AR Supervisor
Accounting Manager
S/M
290,000 - 400,000
300,000 - 420,000
4%
L
310,000 - 540,000
310,000 - 550,000
1%
COMPLIANCE / INTERNAL AUDIT / INTERNAL CONTROL
Compliance Supervisor
L
200,000 - 345,000
200,000 - 350,000
1%
Compliance Manager
L
390,000 - 775,000
390,000 - 775,000
0%
Internal Auditor
S/M
160,000 - 300,000
165,000 - 300,000
1%
L
226,000 - 455,000
230,000 - 455,000
1%
Internal Audit Manager
S/M
290,000 - 390,000
290,000 - 400,000
1%
L
360,000 - 600,000
360,000 - 620,000
2%
Internal Control Specialist
L
175,000 - 300,000
180,000 - 300,000
1%
Internal Control Manager
L
290,000 - 600,000
300,000 - 600,000
1%
Analyst / Supervisor
S/M
150,000 - 265,000
160,000 - 270,000
4%
L
175,000 - 325,000
180,000 - 330,000
2%
Manager
S/M
370,000 - 500,000
370,000 - 500,000
0%
L
410,000 - 600,000
410,000 - 600,000
0%
Analyst / Supervisor
S/M
172,000 - 265,000
172,000 - 270,000
1%
L
172,000 - 300,000
175,000 - 310,000
3%
Manager
S/M
260,000 - 590,000
265,000 - 590,000
1%
L
290,000 - 650,000
300,000 - 650,000
1%
S/M
230,000 - 585,000
250,000 - 590,000
3%
L
355,000 - 640,000
360,000 - 640,000
1%
COSTING
CREDIT CONTROL
FINANCE
Finance Manager
Robert Half • 2015 Salary Guide
41
SHANGHAI
Finance & Accounting Salary Tables
Job Title
Financial Controller
CFO / Finance Director
Company
Turnover*
Salary Range
2014
Salary Range
2015
%
Change
S/M
520,000 - 920,000
520,000 - 920,000
0%
L
560,000 - 1,120,000
560,000 - 1,120,000
0%
S/M
650,000 - 1,300,000
660,000 - 1,300,000
1%
L
988,000 - 2,700,000
988,000 - 2,800,000
3%
FINANCIAL PLANNING & ANALYSIS
Analyst/Senior Analyst
Manager
S/M
160,000 - 295,000
170,000 - 300,000
3%
L
160,000 - 370,000
175,000 - 370,000
3%
S/M
360,000 - 570,000
365,000 - 570,000
1%
L
400,000 - 735,000
410,000 - 740,000
1%
REPORTING
Specialist / Supervisor
Manager
S/M
146,000 - 218,000
150,000 - 220,000
2%
L
175,000 - 300,000
180,000 - 320,000
5%
S/M
290,000 - 440,000
300,000 - 440,000
1%
L
360,000 - 520,000
360,000 - 520,000
0%
TAX
Analyst
Manager / Senior Manager
Director
S/M
148,000 - 340,000
150,000 - 350,000
2%
L
148,000 - 340,000
150,000 - 350,000
2%
S/M
335,000 - 750,000
340,000 - 760,000
1%
L
335,000 - 900,000
340,000 - 920,000
2%
S/M
730,000 - 1,070,000
730,000 - 1,080,000
1%
L
850,000 - 1,420,000
850,000 - 1,450,000
1%
TREASURY
Analyst
S/M
148,000 - 300,000
150,000 - 300,000
0%
L
148,000 - 300,000
160,000 - 300,000
3%
Manager / Senior Manager
S/M
292,000 - 600,000
300,000 - 620,000
3%
L
292,000 - 870,000
300,000 - 870,000
1%
Director
L
720,000 - 950,000
720,000 - 960,000
1%
* Small companies: S < CNY 100 million
Midsize companies: CNY 100 million ≤ M ≤ CNY 500 million
Large companies: L > CNY 500 million
42
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Our specialised services include:
Robert Half Finance & Accounting
Robert Half Finance & Accounting is the world’s first and largest recruitment firm specialising in the
placement of accounting and finance professionals on a permanent and temporary basis.
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For more information on Robert Half and how we can help meet your recruitment needs, call us today or
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Robert Half • 2015 Salary Guide
43
Contact Us
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