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Average Investment Banking Analyst Salary in China for 2026

An investment banking analyst in China earns about 582,700 CNY a year. That's 66% above the national average of 351,900 CNY.

Pay ranges widely from country to country and from role to role. The lowest reported salaries in China sit around 273,000 CNY a year, while the very top stretches to 922,900 CNY. Everything on this page is in Chinese yuan (CNY, symbol ¥), which lets you compare numbers like-for-like without worrying about exchange rates.

The numbers here are pulled together from official government wage data, large independent salary surveys, and aggregated worker-reported pay. Most reported salaries include the benefits that are common in China, such as housing or transport allowances, which is worth keeping in mind if you're comparing against a country where those are usually paid on top.

How much does an investment banking analyst make in China?

Average salary
582,700 CNY
48,558 CNY per month
Lowest reported
273,000 CNY
22,750 CNY per month
Highest reported
922,900 CNY
76,908 CNY per month

A typical investment banking analyst working in China brings home around 48,558 CNY a month before tax. Entry-level pay starts near 273,000 CNY, and the top of the ladder reaches roughly 922,900 CNY for the most experienced and specialised people in the role.

The wide gap between low end and top end reflects how much pay can vary inside the same job title. A junior investment banking analyst working at a small local employer earns very different money from a senior at a multinational. Skills, employer, city and years in the seat all push the number around.

How investment banking analyst pay ranges in China

A good way to think about salary in China is to look at the distribution rather than the headline average. Half of all investment banking analysts in China earn less than 618,800 CNY a year, and the other half earn more. That middle number is the median, and it is usually more useful than the average for answering "is my pay normal here".

Looking at the quartiles fills in the picture. A quarter of earners take home less than 401,300 CNY (the 25th percentile), and a quarter clear 817,800 CNY (the 75th percentile). The middle 50% of investment banking analysts sit somewhere inside that band, which is where the typical reader of this page probably lives.

The very lowest reported salaries sit around 273,000 CNY. The highest stretch to 922,900 CNY, though only a small fraction of earners ever reach that level. If you are deciding whether your own offer or current pay is reasonable, work out which of those four bands you would fall into and use that as your reference point.

273,000
Low
618,800
Median
922,900
High
401,300
25th
817,800
75th
The middle 50% sit between the 25th and 75th percentile Tails are the lowest and highest reported All figures in CNY

Investment banking analyst pay by experience in China

Years of experience is the single biggest lever on pay for an investment banking analyst in China, ahead of education and almost any other single factor. The longer you have been in the role, the more your employer can trust you to handle complexity, mentor others and act independently, all of which command higher pay. The chart below shows how the typical investment banking analyst salary changes as you move through the career ladder.

  • 0-2 Years
    315,900 CNY
  • 2-5 Years
    +37% from previous
    433,800 CNY
  • 5-10 Years
    +43% from previous
    620,300 CNY
  • 10-15 Years
    +22% from previous
    757,600 CNY
  • 15-20 Years
    +6% from previous
    800,500 CNY
  • 20+ Years
    +9% from previous
    869,400 CNY

The single largest jump on the ladder is from 2 - 5 Years to 5 - 10 Years, where pay rises by about 43%. That is the point at which a investment banking analyst typically goes from "competent in the role" to "the person other people in the team learn from", and the market pays well for that step.

Investment banking analyst pay by education in China

Education sits alongside experience as one of the biggest factors driving investment banking analyst pay in China. Higher qualifications consistently pull higher salaries, but the size of the gap tends to be smallest at junior levels and widens as people move up. Two people in the same role with the same years of experience but different degrees can end up earning very different money once they reach mid-career.

Below is the average investment banking analyst salary in China broken down by the highest level of education a worker has completed.

  • Bachelor's Degree
    433,800 CNY
  • Master's Degree
    +85% from previous
    800,500 CNY

Investment banking analyst gender pay gap in China

The gender pay gap is a stubborn feature of almost every labour market, and China is no exception. Male investment banking analysts in China earn an average of 615,000 CNY a year, while female investment banking analysts earn around 559,000 CNY. That works out to a 10% gap in favour of men, even when comparing people doing the same work.

A pay gap of this size has a real long-term cost. Over a typical thirty-year career it can add up to several years of pay, and it compounds through pensions, retirement contributions and bonus-linked stock. Some of the gap is explained by women being more likely to work part-time, take career breaks, or be steered toward lower-paying specialisations. Some of it is straightforward unequal pay for the same job, which is harder to defend.

Investment Banking Analyst gender pay gap

9%

Men earn this much more than women on average in China.

Men 615,000 CNY
Women 559,000 CNY

Pay raises for an investment banking analyst in China

Most countries hand out at least some kind of pay raise every year, typically when an employee's contract is reviewed or as a cost-of-living adjustment to keep wages roughly in step with inflation. The rhythm and size of those raises varies hugely between industries.

A typical worker doing this role in China sees a raise of about 14% every 15 months, which works out to roughly 11% on an annual basis. That figure is the typical underlying rate; in years where inflation runs high you can usually expect a bit more, and in flat-economy years a bit less.

Across all jobs in China, the national average raise is around 9% every 15 months.

By industry

Industries with the highest pay raises in China:

  • Banking
  • Energy
  • Information Technology
  • Healthcare
  • Travel
  • Construction
  • Education
    2%

By experience level

Experienced workers tend to see larger raises. Retaining a senior is cheaper than replacing them, so employers fight harder for them.

  • Junior Level
    3% - 5%
  • Mid-Career
  • Senior Level
  • Top Management

Investment banking analyst bonus rates in China

Bonuses are the other half of total compensation, and they vary a lot between jobs and industries. Some roles are paid almost entirely in base salary; others lean heavily on bonus structures tied to revenue, project completion or company performance. Whether a job pays a bonus, how big it is, and how often it lands all factor into whether the headline salary is actually a good offer.

86%

86% of investment banking analysts in China reported a bonus of some kind in the past twelve months. That makes an investment banking analyst a high-bonus role overall, which is useful context when you're weighing up a job offer where the base is below market.

Among those who did receive a bonus, the size of the payment varied substantially. Reported bonuses ranged from 5% to 9% of base salary. The remaining 14% of investment banking analysts reported no bonus at all over the same period.

Which careers pay bonuses in China

Revenue-facing roles tend to pay the biggest bonuses. Operational and support roles tend toward smaller, more predictable ones.

  • Finance
  • Architecture
  • Sales
  • Business Development
  • Marketing / Advertising
  • Information Technology
  • Healthcare
  • Insurance
  • Customer Service
  • Human Resources
  • Construction
  • Transport
  • Hospitality

Investment banking analyst: public vs private sector pay

Public-sector pay in China is about 6% more than private-sector pay for similar work. The private sector typically offers stronger upside and bigger bonuses; the public sector typically offers better benefits and stability.

Public vs private pay gap

6%

Public-sector workers earn this much more than private-sector workers in China on average.

Public sector 362,200 CNY
Private sector 341,400 CNY

Investment banking analyst salary by city and region in China

Investment banking analyst pay is not even across China. The chart below shows the highest-paying cities and regions in the dataset, followed by the full location table.

  • Beijing (city)
  • Guangdong
  • Hebei
  • Hangzhou
  • Guangzhou
  • Sichuan
  • Jiangsu
  • Shanghai (city)
  • Zhejiang
  • Shandong
LocationTypeAverageMedianRange
Beijing (city)City645,800 CNY671,000 CNY308,300-1,012,100 CNY
GuangdongRegion643,800 CNY658,300 CNY313,700-1,004,600 CNY
HebeiRegion639,100 CNY588,500 CNY345,100-965,000 CNY
HangzhouCity637,500 CNY637,500 CNY318,800-986,700 CNY
GuangzhouCity620,300 CNY659,400 CNY292,000-978,900 CNY
SichuanRegion614,600 CNY650,700 CNY290,800-972,200 CNY
JiangsuRegion608,500 CNY619,800 CNY297,000-953,300 CNY
Shanghai (city)City608,500 CNY633,300 CNY294,700-955,800 CNY
ZhejiangRegion607,400 CNY595,300 CNY312,400-938,100 CNY
ShandongRegion607,400 CNY607,400 CNY305,600-942,700 CNY
HarbinCity605,700 CNY618,800 CNY296,000-945,400 CNY
WuhanCity605,700 CNY629,800 CNY288,700-949,600 CNY
HenanRegion603,400 CNY581,300 CNY315,700-923,000 CNY
Chongqing (city)City598,600 CNY646,600 CNY275,800-956,200 CNY
Xi anCity598,600 CNY646,600 CNY275,800-954,900 CNY
YunnanRegion592,600 CNY566,900 CNY308,900-904,700 CNY
HunanRegion592,600 CNY592,600 CNY296,000-918,500 CNY
GuangxiRegion592,200 CNY615,300 CNY282,500-931,700 CNY
ChengduCity587,800 CNY539,700 CNY318,800-888,400 CNY
ShantouCity581,300 CNY592,600 CNY282,500-903,500 CNY
Tianjin (city)City581,000 CNY558,300 CNY301,600-889,400 CNY
JinanCity578,500 CNY590,200 CNY282,300-903,500 CNY
ShaanxiRegion578,500 CNY566,900 CNY294,700-890,100 CNY
HubeiRegion576,500 CNY563,300 CNY294,300-890,700 CNY
AnhuiRegion576,500 CNY533,100 CNY311,700-874,300 CNY
LiaoningRegion574,200 CNY619,800 CNY265,000-917,200 CNY
HeilongjiangRegion573,500 CNY539,800 CNY301,700-870,700 CNY
JiangxiRegion572,200 CNY592,600 CNY275,200-896,700 CNY
NanjingCity572,200 CNY537,300 CNY301,600-866,900 CNY
ShenyangCity559,000 CNY602,700 CNY258,400-888,400 CNY
SuzhouCity558,300 CNY548,800 CNY283,700-861,300 CNY
FujianRegion555,800 CNY543,200 CNY282,300-854,300 CNY
GuizhouRegion548,800 CNY581,300 CNY258,400-864,900 CNY
QingdaoCity547,800 CNY592,200 CNY252,300-875,000 CNY
ShenzhenCity539,800 CNY572,200 CNY252,300-852,900 CNY
WenzhouCity538,600 CNY519,300 CNY281,500-825,900 CNY
ChangchunCity537,300 CNY559,000 CNY258,400-840,100 CNY
ShanxiRegion528,500 CNY548,500 CNY252,300-828,400 CNY
Nei MonggolRegion524,700 CNY483,400 CNY282,300-791,200 CNY
DalianCity524,700 CNY565,100 CNY239,300-832,300 CNY
JilinRegion524,300 CNY559,000 CNY246,500-832,100 CNY
Chongqing (region)Region518,300 CNY498,500 CNY268,900-790,600 CNY
GansuRegion514,800 CNY514,800 CNY257,700-799,300 CNY
QuanzhouCity507,300 CNY548,500 CNY233,600-808,000 CNY
ChangshaCity504,400 CNY493,000 CNY258,400-773,400 CNY
WuxiCity504,300 CNY514,800 CNY246,500-786,600 CNY
XiamenCity504,300 CNY475,700 CNY267,100-767,500 CNY
Xinjiang UygurRegion501,400 CNY464,400 CNY272,800-758,700 CNY
HainanRegion500,100 CNY538,600 CNY231,000-794,900 CNY
DongguanCity498,500 CNY504,500 CNY243,000-773,400 CNY
FoshanCity498,500 CNY514,800 CNY238,900-778,900 CNY
ZhengzhouCity496,100 CNY514,800 CNY239,000-778,900 CNY
QinghaiRegion493,000 CNY472,000 CNY254,800-752,600 CNY
NingxiaRegion492,700 CNY466,300 CNY263,200-751,100 CNY
FuzhouCity492,400 CNY472,100 CNY254,800-751,700 CNY
Shanghai (region)Region491,000 CNY500,100 CNY239,000-765,100 CNY
Tianjin (region)Region487,600 CNY525,700 CNY225,700-773,400 CNY
KunmingCity483,800 CNY493,000 CNY239,000-754,900 CNY
Beijing (region)Region480,600 CNY450,300 CNY254,700-732,400 CNY
Xizang [Tibet]Region472,100 CNY444,300 CNY249,600-721,600 CNY

Investment Banking Analyst in China: FAQs

  • How much does an investment banking analyst make per month in China?

    An investment banking analyst in China earns about 48,558 CNY a month before tax, based on an annual average of 582,700 CNY.

  • What's the salary range for an investment banking analyst in China?

    Entry-level investment banking analysts in China start near 273,000 CNY. Top-end pay reaches around 922,900 CNY. The middle 50% of earners sit between 401,300 and 817,800 CNY.

  • Is the median investment banking analyst salary in China higher or lower than the average?

    The median is 618,800 CNY, higher than the average of 582,700 CNY. Half of investment banking analysts in China earn below the median, half earn above it.

  • What's the gender pay gap for investment banking analysts in China?

    Men working as an investment banking analyst in China earn around 10% more than women on average (615,000 vs 559,000 CNY a year).

  • Do investment banking analysts in China get bonuses?

    About 86% of investment banking analysts in China reported a bonus in the past 12 months. Reported bonuses ranged from 5% to 9% of base salary.

  • Do investment banking analysts earn more in the public or private sector in China?

    In China, the public sector pays an investment banking analyst about 6% more on average. Public-sector pay tends to be steadier; private-sector pay tends to offer bigger upside.

  • How often do investment banking analysts in China get a pay raise?

    An investment banking analyst in China sees a raise of around 14% every 15 months, equivalent to roughly 11% a year.