Average Internal Bank Auditor Salary in Hong Kong for 2024

In this article, we will look at the average Internal Bank Auditor 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 an Internal Bank Auditor Make in Hong Kong?

An Internal Bank Auditor working in Hong Kong will typically earn around 442,200 HKD per year, and this can range from the lowest average salary of about 228,000 HKD to the highest average salary of 674,100 HKD.

Average Annual Salary
442,200 HKD
Average Monthly Salary
36,850 HKD

Lowest Annual Salary
228,000 HKD
Lowest Monthly Salary
19,000 HKD

Highest Annual Salary
674,100 HKD
Highest Monthly Salary
56,175 HKD

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

Internal Bank Auditor 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 Internal Bank Auditor Salaries in Hong Kong

So we've looked at the average salaries an Internal Bank Auditor will earn in Hong Kong. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Internal Bank Auditor can earn between 228,000 HKD and 674,100 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 an Internal Bank Auditor in Hong Kong is 420,800 HKD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 420,800 HKD, and 50% of the population earn more than 420,800 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 Internal Bank Auditor salary in Hong Kong, 25% of the population are earning less than 294,700 HKD while 75% of the population earn more than 294,700 HKD.

75% of the population earn less than 524,300 HKD, and 25% of the population earn more than 524,300 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.

Internal Bank Auditor 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 internal bank auditor 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. An Internal Bank Auditor in Hong Kong that has less than two years of experience can expect to earn somewhere in the region of 261,300 HKD.
  • 2 - 5 Years Experience. With two to five years of experience the average Internal Bank Auditor salary would increase to 348,300 HKD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Internal Bank Auditor, the average salary would be 454,300 HKD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 548,500 HKD.
  • 15 - 20 Years Experience. An Internal Bank Auditor with 15 to 20 years of experience can earn an average of 598,600 HKD.
  • 20+ Years Experience. For an Internal Bank Auditor with more than 20 years, the expected average salary increases to 633,100 HKD.

Average Salary by Experience Chart

0-2 Years
261,300 HKD
2-5 Years +34%
348,300 HKD
5-10 Years +30%
454,300 HKD
10-15 Years +21%
548,500 HKD
15-20 Years +9%
598,600 HKD
20+ Years +5%
633,100 HKD

Internal Bank Auditor 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 an Internal Bank Auditor 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.

  • Bachelor's Degree. An Internal Bank Auditor in Hong Kong with a bachelor's degree education can earn an average salary of 366,200 HKD.

  • Master's Degree. An Internal Bank Auditor in Hong Kong with a master's degree education can earn an average salary of 510,000 HKD.

Average Salary by Education Chart

Bachelor's Degree
366,200 HKD
Master's Degree +39%
510,000 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.

Internal Bank Auditor 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 internal bank auditor will earn an average of 459,300 HKD, while a female internal bank auditor will earn around 425,100 HKD.

This means that a male internal bank auditor earns approximately 8% more than a female internal bank auditor for performing the same job.

Average Salary by Gender Chart in Hong Kong

Male
459,300 HKD
Female -8%
425,100 HKD

Internal Bank Auditor 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 an Internal Bank Auditor in Hong Kong is around 8% every 28 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that an Internal Bank Auditor 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%

Internal Bank Auditor 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.

An Internal Bank Auditor is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% 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 6% to 8%.

Received Bonus
60%
No Bonus
40%

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 an Internal Bank Auditor

In the table below, we have salary information for jobs that are similar to an Internal Bank Auditor in Hong Kong.

Job Title Category Salary
AML Analyst Banking 628,000 HKD
Assistant Bank Branch Manager Banking 524,700 HKD
Assistant Bank Manager Banking 706,200 HKD
ATM Manager Banking 592,600 HKD
ATM Service Technician Banking 161,600 HKD
Bank Accounts Analyst Banking 233,900 HKD
Bank Accounts Collector Banking 148,300 HKD
Bank Accounts Controller Banking 308,900 HKD
Bank Accounts Executive Banking 454,300 HKD
Bank Accounts Manager Banking 524,700 HKD
Bank Auditing Manager Banking 524,700 HKD
Bank Branch Manager Banking 717,900 HKD
Bank Branch Operations Coordinator Banking 325,800 HKD
Bank Clerk Banking 150,000 HKD
Bank Client Service Associate Banking 204,000 HKD
Bank Collector Banking 146,200 HKD
Bank Compliance Specialist Banking 407,100 HKD
Bank Manager Banking 909,300 HKD
Bank Operational Risk Manager Banking 838,100 HKD
Bank Operations Head Banking 934,900 HKD
Bank Operations Officer Banking 354,000 HKD
Bank Operations Specialist Banking 566,900 HKD
Bank Process Manager Banking 485,200 HKD
Bank Product Manager Banking 592,600 HKD
Bank Programme Manager Banking 571,300 HKD
Bank Project Manager Banking 688,900 HKD
Bank Propositions Manager Banking 652,200 HKD
Bank Quantitative Analyst Banking 448,500 HKD
Bank Regional Manager Banking 889,400 HKD
Bank Regional Risk Officer Banking 478,100 HKD
Bank Relationship Manager Banking 649,700 HKD
Bank Relationship Officer Banking 297,000 HKD
Bank Teller Banking 161,600 HKD
Banker Banking 299,500 HKD
Banking Business Analyst Banking 466,300 HKD
Banking Business Development Officer Banking 301,800 HKD
Banking Business Planning Executive Banking 669,100 HKD
Banking Product Manager Banking 547,800 HKD
Banking Reference Data Manager Banking 485,300 HKD
Banking Risk Analyst Banking 442,300 HKD
Banking Technical Analyst Banking 251,500 HKD
Bankruptcy Coordinator Banking 335,800 HKD
Bill and Account Collector Banking 157,600 HKD
Budget Analyst Banking 430,000 HKD
Capital Risk Manager Banking 846,500 HKD
Cards Marketing Manager Banking 553,400 HKD
Cash Management Manager Banking 839,500 HKD
Check Processing Manager Banking 615,300 HKD
Commercial Vault Associate Banking 440,200 HKD
Corporate Banker Banking 344,600 HKD
Corporate Dealer Banking 480,600 HKD
Credit Analyst Banking 367,900 HKD
Credit and Collections Manager Banking 637,500 HKD
Credit Card Fraud Investigator Banking 485,200 HKD
Credit Portfolio Manager Banking 816,900 HKD
Credit Risk Analyst Banking 516,100 HKD
Credit Risk Associate Banking 480,600 HKD
Direct Bank Sales Representative Banking 332,500 HKD
Exchange Control Consultant Banking 478,100 HKD
Executive Account Analyst Banking 428,400 HKD
Financial Bank Planning Consultant Banking 605,700 HKD
Financial Banking Analysis Manager Banking 683,800 HKD
Financial Banking Assistant Banking 222,300 HKD
Financial Banking Systems Manager Banking 633,100 HKD
Foreign Exchange Manager Banking 674,100 HKD
Fraud Analyst Banking 466,300 HKD
Fraud Detection Associate Banking 332,500 HKD
Fraud Detection Manager Banking 736,700 HKD
Fraud Detection Supervisor Banking 397,900 HKD
Internal Bank Audit Manager Banking 829,000 HKD
Internal Private Banker Banking 341,900 HKD
International Banking Manager Banking 926,000 HKD
Investment Banking Analyst Banking 677,100 HKD
Loan Analyst Banking 440,200 HKD
Loan Area Manager Banking 544,800 HKD
Loan Audit Team Leader Banking 510,000 HKD
Loan Branch Manager Banking 501,400 HKD
Loan Business Development Officer Banking 271,300 HKD
Loan Clerk Banking 158,700 HKD
Loan Collection and Recovery Manager Banking 528,600 HKD
Loan Collection Manager Banking 529,600 HKD
Loan Collector Banking 142,300 HKD
Loan Examiner Banking 192,000 HKD
Loan Officer Banking 172,200 HKD
Loan Processing Manager Banking 471,700 HKD
Loan Processor Banking 196,800 HKD
Loan Quality Assurance Auditor Banking 485,200 HKD
Loan Quality Assurance Manager Banking 539,800 HKD
Loan Quality Assurance Representative Banking 357,700 HKD
Loan Review Manager Banking 539,800 HKD
Loan Team Leader Banking 480,600 HKD
Loans Manager Banking 590,200 HKD
Mortgage Advisor Banking 327,300 HKD
Mortgage Collection Manager Banking 553,800 HKD
Mortgage Collector Banking 152,300 HKD
Mortgage Credit Analyst Banking 251,500 HKD
Mortgage Credit Manager Banking 524,400 HKD
Mortgage Development Manager Banking 596,800 HKD
Mortgage Document Reviewer Banking 204,700 HKD
Mortgage Funding Manager Banking 598,600 HKD
Mortgage Operations Manager Banking 791,200 HKD
Mortgage Payment Processing Clerk Banking 172,200 HKD
Mortgage Processing Manager Banking 528,600 HKD
Mortgage Processor Banking 207,700 HKD
Mortgage Quality Assurance Auditor Banking 447,700 HKD
Mortgage Quality Assurance Manager Banking 513,300 HKD
Mortgage Servicing Clerk Banking 159,400 HKD
Mortgage Servicing Manager Banking 504,500 HKD
Mortgage Underwriter Banking 192,000 HKD
Online Banking Manager Banking 783,800 HKD
Payment Processing Clerk Banking 159,400 HKD
Personal Banker Banking 313,700 HKD
Personal Banking Advisor Banking 345,100 HKD
Phone Banker Banking 217,900 HKD
Private Banker Banking 325,800 HKD
Reconciliation and Investigation Specialist Banking 369,900 HKD
Tax Officer Banking 265,000 HKD
Teller Banking 152,100 HKD
Trade Officer Banking 187,500 HKD
Trade Product Manager Banking 531,700 HKD
Trader Banking 222,300 HKD
Treasury Operations Officer Banking 424,900 HKD

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