Average Capital Markets Associate Salary in Hong Kong for 2024

In this article, we will look at the average Capital Markets Associate salary for 2024 in Hong Kong and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Hong Kong dollar. To keep things simple, we are using the HKD currency code instead of the currency symbol $.

How Much Does a Capital Markets Associate Make in Hong Kong?

A Capital Markets Associate working in Hong Kong will typically earn around 428,400 HKD per year, and this can range from the lowest average salary of about 222,300 HKD to the highest average salary of 653,200 HKD.

Average Annual Salary
428,400 HKD
Average Monthly Salary
35,700 HKD

Lowest Annual Salary
222,300 HKD
Lowest Monthly Salary
18,525 HKD

Highest Annual Salary
653,200 HKD
Highest Monthly Salary
54,433 HKD

These are average salaries for a Capital Markets Associate in Hong Kong and include benefits such as housing and transport. It's also possible for a Capital Markets Associate to earn more or less than the average salaries shown above.

Capital Markets Associate salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Capital Markets Associate Salaries in Hong Kong

So we've looked at the average salaries a Capital Markets Associate will earn in Hong Kong. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Capital Markets Associate can earn between 222,300 HKD and 653,200 HKD on average in Hong Kong. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Capital Markets Associate in Hong Kong is 411,400 HKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 411,400 HKD, and 50% of the population earn more than 411,400 HKD.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Capital Markets Associate salary in Hong Kong, 25% of the population are earning less than 282,500 HKD while 75% of the population earn more than 282,500 HKD.

75% of the population earn less than 510,300 HKD, and 25% of the population earn more than 510,300 HKD.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Capital Markets Associate Salary by Experience Level in Hong Kong

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average capital markets associate salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Capital Markets Associate in Hong Kong that has less than two years of experience can expect to earn somewhere in the region of 253,400 HKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Capital Markets Associate salary would increase to 340,000 HKD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Capital Markets Associate, the average salary would be 442,200 HKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 531,700 HKD.
  • 15 - 20 Years Experience. A Capital Markets Associate with 15 to 20 years of experience can earn an average of 581,000 HKD.
  • 20+ Years Experience. For a Capital Markets Associate with more than 20 years, the expected average salary increases to 610,100 HKD.

Average Salary by Experience Chart

0-2 Years
253,400 HKD
2-5 Years +34%
340,000 HKD
5-10 Years +30%
442,200 HKD
10-15 Years +21%
531,700 HKD
15-20 Years +9%
581,000 HKD
20+ Years +5%
610,100 HKD

Capital Markets Associate Salary by Education Level in Hong Kong

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Capital Markets Associate in Hong Kong based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Capital Markets Associate in Hong Kong with a high school education can earn an average salary of 301,700 HKD.

  • Certificate or Diploma. A Capital Markets Associate in Hong Kong with a certificate or diploma education can earn an average salary of 345,700 HKD.

  • Bachelor's Degree. A Capital Markets Associate in Hong Kong with a bachelor's degree education can earn an average salary of 489,500 HKD.

  • Master's Degree. A Capital Markets Associate in Hong Kong with a master's degree education can earn an average salary of 592,200 HKD.

Average Salary by Education Chart

High School
301,700 HKD
Certificate or Diploma +14%
345,700 HKD
Bachelor's Degree +41%
489,500 HKD
Master's Degree +21%
592,200 HKD

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Hong Kong is around 183,000 to 549,000 HKD and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Capital Markets Associate Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Hong Kong, a male capital markets associate will earn an average of 447,300 HKD, while a female capital markets associate will earn around 414,000 HKD.

This means that a male capital markets associate earns approximately 8% more than a female capital markets associate for performing the same job.

Average Salary by Gender Chart in Hong Kong

Male
447,300 HKD
Female -8%
414,000 HKD

Capital Markets Associate Average Pay Raise in Hong Kong

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Capital Markets Associate in Hong Kong is around 7% every 29 months.

The national average pay raise across all professions and industries in Hong Kong is around 4% every 29 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 7 ÷ 29 ) × 12  = 3%

What this means is that a Capital Markets Associate in Hong Kong can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Hong Kong for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Hong Kong.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Capital Markets Associate Bonus and Incentive Rates in Hong Kong

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Capital Markets Associate is a low bonus based job, with 35% of employees reporting at least one bonus in the last 12 months.

65% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 5%.

Received Bonus
35%
No Bonus
65%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Hong Kong earn approximately 11% more than private sector employees in the same role.

Public Sector
471,700 HKD
Private Sector -11%
425,100 HKD

Salaries for Jobs Similar to a Capital Markets Associate

In the table below, we have salary information for jobs that are similar to a Capital Markets Associate in Hong Kong.

Job Title Category Salary
Account Examiner Accounting and Finance 208,600 HKD
Account Executive Accounting and Finance 392,300 HKD
Accountant Accounting and Finance 273,000 HKD
Accounting Analyst Accounting and Finance 371,100 HKD
Accounting Assistant Accounting and Finance 212,500 HKD
Accounting Associate Accounting and Finance 207,800 HKD
Accounting Clerk Accounting and Finance 175,900 HKD
Accounting Coordinator Accounting and Finance 251,500 HKD
Accounting Head Accounting and Finance 619,800 HKD
Accounting Manager Accounting and Finance 652,200 HKD
Accounting Officer Accounting and Finance 225,700 HKD
Accounting Specialist Accounting and Finance 407,300 HKD
Accounting Supervisor Accounting and Finance 392,300 HKD
Accounting Technician Accounting and Finance 208,600 HKD
Accounting Unit Controller Accounting and Finance 504,300 HKD
Accounts Executive Accounting and Finance 359,900 HKD
Accounts Officer Accounting and Finance 233,900 HKD
Accounts Payable and Receivable Specialist Accounting and Finance 311,700 HKD
Accounts Payable Assistant Accounting and Finance 232,400 HKD
Accounts Payable Associate Accounting and Finance 261,300 HKD
Accounts Payable Clerk Accounting and Finance 227,600 HKD
Accounts Payable Manager Accounting and Finance 603,400 HKD
Accounts Receivable Administrator Accounting and Finance 433,800 HKD
Accounts Receivable Clerk Accounting and Finance 228,500 HKD
Accounts Receivable Financial Analyst Accounting and Finance 426,700 HKD
Accounts Receivable Manager Accounting and Finance 590,200 HKD
Accounts Receivable Team Leader Accounting and Finance 424,900 HKD
Assistant Accountant Accounting and Finance 221,500 HKD
Assistant Accounting Manager Accounting and Finance 563,000 HKD
Assistant Auditor Accounting and Finance 288,100 HKD
Assistant Corporate Controller Accounting and Finance 394,500 HKD
Assistant Finance Manager Accounting and Finance 598,600 HKD
Assistant Financial Controller Accounting and Finance 396,300 HKD
Audit Director Accounting and Finance 656,800 HKD
Audit Supervisor Accounting and Finance 548,800 HKD
Auditing Clerk Accounting and Finance 233,900 HKD
Auditing Manager Accounting and Finance 615,300 HKD
Billing Clerk Accounting and Finance 227,600 HKD
Billing Coordinator Accounting and Finance 272,800 HKD
Billing Specialist Accounting and Finance 325,800 HKD
Billing Supervisor Accounting and Finance 447,700 HKD
Bookkeeper Accounting and Finance 191,600 HKD
Bookkeeping Specialist Accounting and Finance 282,500 HKD
Budget Analyst Accounting and Finance 502,200 HKD
Budget Manager Accounting and Finance 597,800 HKD
Business Support Analyst Accounting and Finance 322,600 HKD
Cash Flow Analyst Accounting and Finance 437,300 HKD
Cash Management Manager Accounting and Finance 572,200 HKD
Cash Management Officer Accounting and Finance 330,700 HKD
Cashbook Clerk Accounting and Finance 207,700 HKD
Chartered Accountant Accounting and Finance 366,200 HKD
Chief Accountant Accounting and Finance 442,200 HKD
Collections Clerk Accounting and Finance 176,800 HKD
Collections Representative Accounting and Finance 254,800 HKD
Collections Specialist Accounting and Finance 286,400 HKD
Corporate Controller Accounting and Finance 489,500 HKD
Corporate Treasurer Accounting and Finance 539,700 HKD
Cost Accountant Accounting and Finance 305,600 HKD
Cost Accounting Manager Accounting and Finance 559,000 HKD
Cost Accounting Supervisor Accounting and Finance 466,900 HKD
Cost Analyst Accounting and Finance 448,500 HKD
Credit and Collection Manager Accounting and Finance 580,600 HKD
Credit and Collection Staff Accounting and Finance 232,400 HKD
Credit and Loans Officer Accounting and Finance 204,700 HKD
Credit Controller Accounting and Finance 388,100 HKD
Credit Manager Accounting and Finance 581,000 HKD
Debt Adviser Accounting and Finance 501,400 HKD
Debt Collector Accounting and Finance 243,000 HKD
Debtors Clerk Accounting and Finance 195,200 HKD
Debtors Controller Accounting and Finance 225,700 HKD
Deputy CFO Accounting and Finance 790,600 HKD
Deputy Head of Finance Accounting and Finance 788,000 HKD
Derivative Trader Accounting and Finance 489,600 HKD
Director of Finance Accounting and Finance 860,300 HKD
Economist Accounting and Finance 699,700 HKD
Equity Analyst Accounting and Finance 520,900 HKD
Escrow Assistant Accounting and Finance 273,000 HKD
Executive Accountant Accounting and Finance 327,300 HKD
External Auditor Accounting and Finance 413,900 HKD
Finance Administrator Accounting and Finance 339,100 HKD
Finance Analyst Accounting and Finance 504,500 HKD
Finance Associate Accounting and Finance 249,600 HKD
Finance Director Accounting and Finance 846,500 HKD
Finance Executive Accounting and Finance 628,000 HKD
Finance Licensing Clerk Accounting and Finance 216,800 HKD
Finance Licensing Manager Accounting and Finance 573,500 HKD
Finance Licensing Specialist Accounting and Finance 325,800 HKD
Finance Manager Accounting and Finance 800,200 HKD
Finance Officer Accounting and Finance 288,100 HKD
Finance President Accounting and Finance 895,900 HKD
Finance Relationship Manager Accounting and Finance 683,800 HKD
Finance Release Analyst Accounting and Finance 335,800 HKD
Finance Specialist Accounting and Finance 472,100 HKD
Finance Team Leader Accounting and Finance 625,000 HKD
Financial Accountant Accounting and Finance 301,300 HKD
Financial Actuary Accounting and Finance 430,000 HKD
Financial Administrator Accounting and Finance 504,300 HKD
Financial Advisor Accounting and Finance 514,800 HKD
Financial Analyst Accounting and Finance 537,300 HKD
Financial Applications Specialist Accounting and Finance 377,200 HKD
Financial Assistant Accounting and Finance 240,500 HKD
Financial Associate Accounting and Finance 238,900 HKD
Financial Associate Accounting and Finance 272,800 HKD
Financial Claims Analyst Accounting and Finance 385,300 HKD
Financial Claims Manager Accounting and Finance 510,300 HKD
Financial Claims Supervisor Accounting and Finance 472,100 HKD
Financial Clerk Accounting and Finance 228,500 HKD
Financial Commercial Analyst Accounting and Finance 404,600 HKD
Financial Compliance Analyst Accounting and Finance 483,800 HKD
Financial Consultant Accounting and Finance 382,600 HKD
Financial Controller Accounting and Finance 447,300 HKD
Financial Controller Accounting and Finance 478,100 HKD
Financial Coordinator Accounting and Finance 268,900 HKD
Financial Customer Service Manager Accounting and Finance 563,000 HKD
Financial Dealer and Broker Accounting and Finance 322,600 HKD
Financial Director Accounting and Finance 903,500 HKD
Financial Encoder Accounting and Finance 254,800 HKD
Financial Manager Accounting and Finance 781,200 HKD
Financial Manager Accounting and Finance 848,200 HKD
Financial Operations Manager Accounting and Finance 782,500 HKD
Financial Policy Analyst Accounting and Finance 457,300 HKD
Financial Project Manager Accounting and Finance 580,600 HKD
Financial Quantitative Analyst Accounting and Finance 510,000 HKD
Financial Reporting Consultant Accounting and Finance 430,000 HKD
Financial Reporting Manager Accounting and Finance 563,000 HKD
Financial Section Head Accounting and Finance 535,900 HKD
Financial Services Manager Accounting and Finance 767,500 HKD
Financial Services Sales Agent Accounting and Finance 325,800 HKD
Fixed Assets Administrator Accounting and Finance 319,600 HKD
Forensic Accountant Accounting and Finance 344,600 HKD
Fraud Detection Supervisor Accounting and Finance 378,300 HKD
Fraud Prevention Manager Accounting and Finance 623,700 HKD
Fund Accountant Accounting and Finance 292,000 HKD
Grants Coordinator Accounting and Finance 210,500 HKD
Group Financial Manager Accounting and Finance 800,200 HKD
Internal Auditor Accounting and Finance 394,800 HKD
Internal Control Adviser Accounting and Finance 483,400 HKD
Internal Control Officer Accounting and Finance 266,000 HKD
International Tax Director Accounting and Finance 733,300 HKD
Inventory Accountant Accounting and Finance 311,700 HKD
Investment Advisor Accounting and Finance 814,500 HKD
Investment Analyst Accounting and Finance 598,600 HKD
Investment Associate Accounting and Finance 472,000 HKD
Investment Broker Accounting and Finance 507,300 HKD
Investment Fund Manager Accounting and Finance 625,000 HKD
Investment Operations Manager Accounting and Finance 674,100 HKD
Investment Underwriter Accounting and Finance 239,000 HKD
Investor Accounting and Finance 383,300 HKD
Investor Relations Manager Accounting and Finance 592,200 HKD
KYC Team Leader Accounting and Finance 539,700 HKD
Loan Processor Accounting and Finance 246,200 HKD
Management Accountant Accounting and Finance 330,700 HKD
Management Economist Accounting and Finance 687,100 HKD
Paymaster Accounting and Finance 228,500 HKD
Payroll Administrator Accounting and Finance 392,300 HKD
Payroll Benefits Coordinator Accounting and Finance 340,400 HKD
Payroll Billing Manager Accounting and Finance 559,000 HKD
Payroll Clerk Accounting and Finance 259,100 HKD
Payroll Manager Accounting and Finance 539,700 HKD
Payroll Officer Accounting and Finance 266,000 HKD
Payroll Specialist Accounting and Finance 315,900 HKD
Payroll Supervisor Accounting and Finance 377,200 HKD
Pensions Administrator Accounting and Finance 311,700 HKD
Personal Financial Advisor Accounting and Finance 436,200 HKD
Pricing Analyst Accounting and Finance 491,000 HKD
Private Equity Analyst Accounting and Finance 504,500 HKD
Project Accountant Accounting and Finance 299,500 HKD
Proposal Development Coordinator Accounting and Finance 263,200 HKD
Receivables Accountant Accounting and Finance 277,400 HKD
Regulatory Accountant Accounting and Finance 325,600 HKD
Retirement Plan Analyst Accounting and Finance 489,500 HKD
Revenue Management Specialist Accounting and Finance 507,300 HKD
Revenue Recognition Analyst Accounting and Finance 544,800 HKD
Risk Management Director Accounting and Finance 701,400 HKD
Risk Management Supervisor Accounting and Finance 575,100 HKD
Staff Accountant Accounting and Finance 268,900 HKD
Tax Accountant Accounting and Finance 275,500 HKD
Tax Administrator Accounting and Finance 311,700 HKD
Tax Advisor Accounting and Finance 437,900 HKD
Tax Analyst Accounting and Finance 436,200 HKD
Tax Associate Accounting and Finance 247,800 HKD
Tax Consultant Accounting and Finance 455,400 HKD
Tax Director Accounting and Finance 658,300 HKD
Tax Examiner Accounting and Finance 301,800 HKD
Tax Manager Accounting and Finance 592,600 HKD
Tax Research Manager Accounting and Finance 590,200 HKD
Teller Accounting and Finance 172,200 HKD
Treasury Accountant Accounting and Finance 308,900 HKD
Treasury Analyst Accounting and Finance 504,400 HKD
Underwriter Accounting and Finance 197,600 HKD
Underwriting Assistant Accounting and Finance 185,100 HKD
Vice President of Finance Accounting and Finance 840,100 HKD

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