Average Compliance Reviewer Salary in Hong Kong for 2024

In this article, we will look at the average Compliance Reviewer 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 Compliance Reviewer Make in Hong Kong?

A Compliance Reviewer working in Hong Kong will typically earn around 377,200 HKD per year, and this can range from the lowest average salary of about 185,100 HKD to the highest average salary of 587,800 HKD.

Average Annual Salary
377,200 HKD
Average Monthly Salary
31,433 HKD

Lowest Annual Salary
185,100 HKD
Lowest Monthly Salary
15,425 HKD

Highest Annual Salary
587,800 HKD
Highest Monthly Salary
48,983 HKD

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

Compliance Reviewer 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 Compliance Reviewer Salaries in Hong Kong

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

Salary ranges

We already know that a Compliance Reviewer can earn between 185,100 HKD and 587,800 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 Compliance Reviewer in Hong Kong is 382,600 HKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 382,600 HKD, and 50% of the population earn more than 382,600 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 Compliance Reviewer salary in Hong Kong, 25% of the population are earning less than 254,800 HKD while 75% of the population earn more than 254,800 HKD.

75% of the population earn less than 496,100 HKD, and 25% of the population earn more than 496,100 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.

Compliance Reviewer 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 compliance reviewer 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 Compliance Reviewer in Hong Kong that has less than two years of experience can expect to earn somewhere in the region of 217,900 HKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Compliance Reviewer salary would increase to 281,500 HKD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Compliance Reviewer, the average salary would be 386,400 HKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 480,300 HKD.
  • 15 - 20 Years Experience. A Compliance Reviewer with 15 to 20 years of experience can earn an average of 516,100 HKD.
  • 20+ Years Experience. For a Compliance Reviewer with more than 20 years, the expected average salary increases to 547,800 HKD.

Average Salary by Experience Chart

0-2 Years
217,900 HKD
2-5 Years +29%
281,500 HKD
5-10 Years +38%
386,400 HKD
10-15 Years +24%
480,300 HKD
15-20 Years +7%
516,100 HKD
20+ Years +7%
547,800 HKD

Compliance Reviewer 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 Compliance Reviewer 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.

  • Certificate or Diploma. A Compliance Reviewer in Hong Kong with a certificate or diploma education can earn an average salary of 281,500 HKD.

  • Bachelor's Degree. A Compliance Reviewer in Hong Kong with a bachelor's degree education can earn an average salary of 378,300 HKD.

  • Master's Degree. A Compliance Reviewer in Hong Kong with a master's degree education can earn an average salary of 581,300 HKD.

Average Salary by Education Chart

Certificate or Diploma
281,500 HKD
Bachelor's Degree +34%
378,300 HKD
Master's Degree +53%
581,300 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.

Compliance Reviewer 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 compliance reviewer will earn an average of 389,200 HKD, while a female compliance reviewer will earn around 361,600 HKD.

This means that a male compliance reviewer earns approximately 8% more than a female compliance reviewer for performing the same job.

Average Salary by Gender Chart in Hong Kong

Male
389,200 HKD
Female -8%
361,600 HKD

Compliance Reviewer 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 Compliance Reviewer in Hong Kong is around 6% 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 = ( 6 ÷ 29 ) × 12  = 2%

What this means is that a Compliance Reviewer in Hong Kong can expect to receive an average pay raise of around 2% 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%

Compliance Reviewer 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 Compliance Reviewer is a low bonus based job, with 13% of employees reporting at least one bonus in the last 12 months.

87% 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 0% to 4%.

Received Bonus
13%
No Bonus
87%

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 Compliance Reviewer

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

Job Title Category Salary
Actuarial Analyst Insurance 544,800 HKD
Actuarial Assistant Insurance 381,800 HKD
Actuarial Specialist Insurance 384,500 HKD
Actuary Insurance 553,800 HKD
Adjustment Insurance Clerk Insurance 152,100 HKD
Assistant Broker Insurance 254,800 HKD
Assistant Claims Manager Insurance 454,300 HKD
Associate Insurance Representative Insurance 228,500 HKD
Auditing Insurance Manager Insurance 603,400 HKD
Broker Insurance 431,100 HKD
Claim Advocacy Professional Insurance 412,000 HKD
Claims Adjuster Insurance 151,800 HKD
Claims Analyst Insurance 209,700 HKD
Claims Examiner Insurance 208,600 HKD
Claims Manager Insurance 565,100 HKD
Claims Processor Insurance 150,000 HKD
Claims Representative Insurance 185,100 HKD
Claims Resolution Specialist Insurance 442,200 HKD
Claims Supervisor Insurance 437,300 HKD
Complaints Specialist Insurance 394,500 HKD
Compliance Examiner Insurance 384,200 HKD
Compliance Officer Insurance 341,400 HKD
Consultant Insurance 403,100 HKD
Eligibility Interviewer Insurance 450,300 HKD
Eligibility Specialist Insurance 442,200 HKD
Insurance Account Manager Insurance 537,300 HKD
Insurance Accounts Executive Insurance 459,700 HKD
Insurance Adjuster Insurance 376,800 HKD
Insurance Agent Insurance 257,700 HKD
Insurance Analyst Insurance 426,700 HKD
Insurance Appraiser Insurance 420,800 HKD
Insurance Claims Clerk Insurance 157,600 HKD
Insurance Examiner Insurance 382,600 HKD
Insurance Investigator Insurance 392,300 HKD
Insurance Manager Insurance 712,100 HKD
Insurance Operations Manager Insurance 733,300 HKD
Insurance Policy Processing Clerk Insurance 154,700 HKD
Insurance Pricing Assistant Insurance 340,400 HKD
Insurance Program Manager Insurance 531,700 HKD
Insurance Project Manager Insurance 514,300 HKD
Insurance Quality Assurance Agent Insurance 344,600 HKD
Insurance Sales Agent Insurance 246,500 HKD
Insurance Sales Director Insurance 660,500 HKD
Insurance Sales Manager Insurance 553,800 HKD
Insurance Sales Representative Insurance 214,000 HKD
Insurance Team Leader Insurance 459,700 HKD
Insurance Underwriter Insurance 305,600 HKD
Loss Control Specialist Insurance 386,400 HKD
Loss Prevention Investigator Insurance 417,200 HKD
Loss Prevention Manager Insurance 580,600 HKD
Loss Prevention Specialist Insurance 467,100 HKD
Marine Underwriter Insurance 327,800 HKD
Medical Auditor Insurance 421,400 HKD
Monitoring and Performance Officer Insurance 290,800 HKD
Payment Services Specialist Insurance 401,300 HKD
Policy Change Director Insurance 681,500 HKD
Policy Change Supervisor Insurance 467,700 HKD
Policy Change Technician Insurance 209,700 HKD
Risk Analyst Insurance 480,300 HKD
Risk Management Director Insurance 830,500 HKD
Risk Management Supervisor Insurance 535,800 HKD
Risk Manager Insurance 792,900 HKD
Risk Modeling Manager Insurance 790,600 HKD
Title Insurance Typist Insurance 366,200 HKD
Training Manager Insurance 447,300 HKD

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