Bonuses surge for Hong Kong financial professionals

Managing directors in Hong Kong received an average bonus of $3.5m  in 2023.

Hong Kong’s financial services (FS) professionals saw an increase in bonuses in 2023, according to eFinancialCareers’s 2024 financial services compensation survey.

According to the report, managing directors received an average bonus of US$450,000 ($3.5m) in 2023, up 28.6% year-on-year (YoY).

ALSO READ: Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg

Directors experienced a 46% YoY increase in their bonus, receiving an average bonus of US$201,163 ($1.6m) last year.

ALSO READ: Singaporean finance and tech professionals earn less than Hong Kong peers: Bloomberg

Meanwhile, vice presidents have received a total average bonus of around US$72,131 ($564,664.19), representing a YoY bonus increase of 60%.

Junior ranks, including analysts and associates, have seen a 19% YoY increase in bonuses, receiving an average of US$52,988 ($414,806.76).

(US$1 = HK$7.83)