Welcome to Morgan McKinley's 2018 Salary Guide for professionals working in Hong Kong.
General market sentiment is improving. With a return to confidence in the capital markets driven by an improvement in global economic growth, supported by the recently passed US tax reform, 2018 starts on a positive note.
The strong Chinese economy, continued Chinese investment and technological advances driving business transformation are fuelling optimism, headcounts and salary increases. Within financial services, moves are garnering salary increases of 15-20%. Similarly, on the commercial side salary increases are around 10-20% for external moves.
Other traditional industries affected by consumer trends are seeing more pressure on sales. The trend for salaries across sales and marketing remains static with the exception of digital marketing, where we are seeing an uplift in searches and competitive salaries.
Competition for positions within finance and accounting is creating the requirement for candidates to upskill and we are seeing chartered qualifications become differentiators.
From a recruitment perspective, we are seeing a high demand for relationship managers, IT specialists, and regulatory and compliance lawyers.
Technology and innovation continues to be the engine for growth across every industry. Higher salary opportunities exist for technology talent able to support the overhaul of legacy IT frameworks, as financial services invest to meet regulatory demands. Talent able to execute new digital strategies are also sought after across sectors.
The following report provides an overview of the salary and remuneration trends as well as expectations for the Hong Kong market in 2018.
I hope you will find the report useful. If you would like to understand more about salary trends or opportunities across sectors, we would be interested to hear from you.
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